Overview
What is Limitless Potential Inc?
Limitless Potential Inc, operating under the name Kids First of Iowa, is a nonprofit organization situated in Cedar Rapids, Iowa. With 24 employees, their primary mission is to provide supported community living services to children with disabilities and their families within the state. Their activities are centered around supporting these families, offering essential services that aim to improve their quality of life and promote a sense of independence. The organization's work in Iowa is instrumental in empowering these families, ensuring they have the necessary resources and care to navigate life with disabilities.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Stars, 67%)
Limitless Potential Inc has received a Two-Star rating from Charity Navigator, indicating that the organization could enhance its accountability and transparency practices. While the overall score sits at 67%, the nonprofit excels in certain areas such as maintaining 100% independent board members and a favorable liabilities to assets ratio of 2.92%. Additionally, it reports a strong program expense ratio of 100%, suggesting that all expenditures are directed toward its mission.
However, the organization faces significant challenges in financial transparency, as it has not provided financial statements, which has resulted in a zero score for that category. The absence of essential policies, including conflict of interest, whistleblower protections, and document retention protocols, further underscores areas needing improvement. These deficiencies, coupled with missing documentation on its website, reflect a lack of comprehensive governance practices.
In summary, while Limitless Potential Inc demonstrates strong board independence and effective utilization of funds, its overall rating highlights critical gaps in transparency and accountability. Addressing these limitations could enhance the organization's credibility and effectiveness in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Limitless Potential Inc legitimate?
Limitless Potential Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Limitless Potential Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Limitless Potential Inc?
Limitless Potential Inc is committed to providing supported community living services for children with disabilities and their families. Their mission is to offer a supportive environment that empowers these families in their daily lives. The organization aims to enhance the quality of life for these children by providing necessary care and assistance. By doing so, they aim to foster independence and inclusivity, enabling children with disabilities to fully participate in their communities. The services offered by Limitless Potential Inc are tailored to meet the unique needs of each family, ensuring a personalized approach to care.
What is the revenue of Limitless Potential Inc?
Limitless Potential Inc's revenue in 2024 was $0.
Who are the executives of Limitless Potential Inc and what are their salaries?
The average compensation at Limitless Potential Inc during 2024 was $28,486. There are 24 employees and 50 volunteers at Limitless Potential Inc.
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990EZ for Limitless Potential Inc?
Limitless Potential Inc's most recent form 990EZ was submitted in 2024 and can be accessed here.
Mission Statement of Limitless Potential Inc
Limitless Potential Inc is an organization dedicated to providing supported community living services to children with disabilities and their families in the state of Iowa. Their mission is centered around offering these essential services, aiming to ensure that both the children and their families receive the necessary support they need to navigate their daily lives effectively. This nonprofit organization's primary role is to foster an inclusive environment where these children can thrive, providing them with the care and assistance they require to live their lives to the fullest. Through its supported community living services, Limitless Potential Inc is committed to empowering families and helping them navigate the challenges that come with raising children with disabilities, ultimately improving the overall quality of life for all involved.
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Impact
October, 2024
Limitless Potential Inc significantly enhances the quality of life for children with disabilities and their families in Iowa. By offering supported community living services, it fosters an inclusive environment that empowers these families to thrive. Located in Cedar Rapids, the organization works diligently to ensure that children with disabilities receive the tailored support they need, ultimately promoting independence and improving overall well-being. Their commitment to providing comprehensive resources not only uplifts individual families but also strengthens the community by advocating for accessibility and inclusivity for all. Through their efforts, Limitless Potential Inc is making a profound difference in the lives of many, helping to unlock the potential within each child and supporting families on their journey.
This information is meant to be a general summary of Limitless Potential Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2024.
- Investment Income: $232
- Program Service Revenue: $848,648
- Gross Receipts: $849,023
Assets and Liabilities:
- Total Assets: $320,067
- Total Liabilities: $26,845
- Net Assets: $293,222
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Organization Details
Founding Year
2010
Principal Officer
Jeremy Gomez
NTEE Category
Code: P82 - Human services
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