Boundless Abilities
Nonprofit profile at a glance
- EIN
- 364935742
- IRS 990-EZ coverage
- 2022–2024
- Forms available
- Form 990 2021, Form 990-EZ 2024
- Location
- Charlotte, NC, USA
- Phone
- 7045368888
- Rating confidence
- Limited
- Sector
- Thrift Shops
Reported finances
- Revenue
- $0
- Expenses
- $26,299
- Assets
- $171,069
- Liabilities
- $969
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
4 people listed
Executive titles in this filing
- RAHEED SAUNDERS (EXECUTIVE DIRECTOR)
People named in this filing
- DOUG FINLEY (DIRECTOR)
- JENNY CARRINGTON (DIRECTOR)
- JOHN NATALE (DIRECTOR)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To provide meaningful employment opportunities to the intellectually or developmentally disabled (idd) population. In furtherance of its mission, the organization will operate a thrift resale store and will focus on finding employment opportunities for the idd community.
What it reported doing in 2024
Staff training and business consortium development: as boundless abilities move into the new era of "competitive integrated employment" the importance of additional training and business partnerships emerged. The organization has been able to develop a consortium of 50+ companies throughout North Carolina that connect and communicate in ways that create job opportunities for individuals with disabilities. The certifications and trainings continue to assist in the development of job coaches and job carving opportunities.
Operating model
- Revenue model
- Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
- Distribution model
- Grant intermediary. The nonprofit sent 95% of its reported program spending out as grants.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: 28
- Transparency & Controls: 82
- Sustainability: 36
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: 76%; rating input score 76
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: Limited
- Total-asset coverage ratio: 6.5; rating input score 88; 88th percentile among comparable filings
- Liabilities to assets ratio: 0.01; rating input score 31; 31st percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: 107.3% per year; rating input score 100; 98th percentile among comparable filings
- Revenue growth: -54.5% per year; rating input score 0; 5th percentile among comparable filings
- Asset growth: 1.3% per year; rating input score 100; 44th percentile among comparable filings
Details
- Where the money goes: 76% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 2 filed program accomplishments · $20K in reported program spending
- Leadership: top reported pay $0 · 4 people listed
- Consistency: 8 of 8 current checks pass
- Schedules: 2 filed schedules
- Filing history: 3 filing years from 2022 to 2024
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Growth: Revenue growth scored 0/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 31/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.