The Invinceable Foundation EIN 88-1809707

The Invinceable Foundation

EIN  88-1809707 Public charity (501(c)(3)) Apex, NC Founded 2022
Form 990 (PDF) Compare with another nonprofit →
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Size
$100K–1M
What they do
a health care nonprofit
Leadership
Andrew Smitherman · Director
Money in and out
$237K revenue, $227K expenses
Bottom line
88% program efficiency

The Invinceable Foundation is a health care nonprofit based in Apex, NC, formed in 2022. For fiscal year 2025 it reported $237K in revenue, $227K in expenses, and $72K in net assets.Pt I

Where the money goes · FY2025
Total revenue
$237K
Pt VIII · Ln 12
Total expenses
$227K
Pt IX · Ln 25
Net assets
$72K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $11K
Where spending went · Part IX cols B–D
Program services $0.88 Management & general $0.10 Fundraising $0.02
Program efficiency
88%
of spending reaches programs
Operating runway
3.8mo
months of highly liquid reserves at operating expense rate▼ -33% vs prior filing year
Surplus margin
+5%
revenue over expenses, this year▼ -68% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$237K
FY2025▲ +61%
Total revenue
$237K
Pt VIII · Ln 12
Total expenses
$227K
Pt IX · Ln 25
Net assets
$72K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$11K
Total assetsPt X · Ln 16$72K
Program-expense ratioPt IX · col B88%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 44
Mission & Programs · Part III

Where the work happens

1 program service account for $200K of program spending, described in the organization's own filed words · FY2025.
01

We dont believe in fighting cancer. Instead, we focus on using our 5 pillars to help the families that we serve navigate through the fear, uncertainty and doubt of a cancer journey. We let the doctors use protocols and science to fight the cancer while we focus on maintaining a positive mindset by using these pillars as our guide.

$200Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CThe Invinceable Foundation
EINHdr · item D88-1809707
Principal addressHdr · item CApex, NC
WebsiteHdr · item Jnone reported
Year of formationHdr · item L2022
State of legal domicileHdr · item MNC
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHealth Care (E01)
Ruling yearIRS BMFJul 2022

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b4
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants$153K · 64%
Other revenue$85K · 36%
Contributions & grants64%$153K
Other revenue36%$85K
Total revenueLn 12$237K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.88 Management & general $0.10 Fundraising $0.02
Program services88%$200K
Management & general10%$23K
Fundraising2%$4K
Total functional expensesLn 25$227K

Balance Sheet

Part X · end of year
CashLn 1$72K
Total assetsLn 16$72K
Total liabilitiesLn 26$0
Total net assetsLn 32$72K
Months of cash on handcomputed3.8

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $72K · Operating expenses/yr $227K
3.8 months
Where the money goes
Program services
Program services $200K · Total expenses $227K
88%
Management & General
Management & general $23K · Total expenses $227K
10%
Fundraising
Fundraising $4K · Total expenses $227K
2%
Cost to raise $1
Fundraising expense $4K · Solicited contributions $153K
$0.02 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $153K · Total revenue $237K
64%
Government reliance
Government grants — · Total revenue $237K
Earned-income share
Program service revenue $0 · Total revenue $237K
0%
Investment reliance
Investment income $0 · Total revenue $237K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $227K
0%
Growth & trend
Revenue growth (YoY)
This year $237K · Prior year $148K
+61%
Net-asset trend (YoY)
End of year $72K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $237K · Expenses $227K
+5%
Liabilities-to-Assets
Total liabilities — · Total assets $72K
Net-asset ratio
Net assets $72K · Total assets $72K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $72K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Andrew Smitherman · Reported title DIRECTOR · Highest reported compensation $0 · Total expenses $227K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $227K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 88%
Overhead ratio 10%
Fundraising cost ratio 2%
Revenue growth 61%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$9K
Grants paid · 1 grant · $193K · 2025–2025
Unitemized GrantFY2025$192,581

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$237K revenue · viewing · ⤓ 990 PDF
FY2024$148K revenue · ⤓ 990 PDF
FY2023$90K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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