Overview
What is Ican Foundation?
The Ican Foundation, a 501(c)(3) nonprofit and volunteer organization located in League City, Texas, serves as the charitable arm of Ineos, a global chemical company. With a mission to contribute to the betterment of their community, the foundation focuses on child health, education, and the development of the future workforce in Houston and its surrounding areas. Their signature program, Go Run for Fun, is a free, enjoyable running event aimed at children aged 5-11, encouraging them to embrace physical activity as a source of fun. In 2022, this program was offered to 4,924 students in 9 schools. The Ican Foundation lives up to its belief in developing the country's next generation by making a difference in the areas where they operate and reside.
Official website here: www.icanfoundationtx.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83%, Three-Star out of Four Star Rating
The Ican Foundation has received an 83% score, reflecting a solid Three-Star rating. This indicates a reasonable level of accountability and financial health, with a particularly strong score in Leadership & Adaptability at 100%. The organization demonstrates effective governance practices, including having an entirely independent board and a comprehensive set of policies related to conflict of interest, whistleblower protection, and document retention.
Financially, the Ican Foundation maintains a program expense ratio of approximately 69.84%, suggesting that a substantial portion of its budget is directed towards its mission-related activities. The organization also reports no liabilities against its assets, indicating a stable fiscal position. Their commitment to investing in leadership development is also noteworthy, showing a forward-thinking approach to organizational growth.
While the overall ratings are positive, the organization could benefit from ongoing monitoring to maintain or improve its financial efficiency and transparency. Continued investment in program effectiveness will be essential for sustaining their impact in the community. Overall, the Ican Foundation appears to be reliable and well-positioned to fulfill its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Ican Foundation legitimate?
Ican Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ican Foundation 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
Official website here: www.icanfoundationtx.org
What is the mission statement of Ican Foundation?
The Ican Foundation, being the charitable arm of Ineos, a large international chemical company, has a mission to contribute positively towards the development of the next generation. As a 501(C)(3) non-profit and volunteer organization, it focuses on outreach efforts aimed at child health, education, and the development of future workforce in its operating areas. The foundation's efforts are directed towards making a difference in the communities it serves, with a particular focus on Houston and its surroundings.
Official website here: www.icanfoundationtx.org
Who is the CEO of Ican Foundation?
Kathryn Shuler is the Exec Directo of Ican Foundation.
Official website here: www.icanfoundationtx.org
What is the revenue of Ican Foundation?
Ican Foundation's revenue in 2022 was $854,554.
Official website here: www.icanfoundationtx.org
Who are the executives of Ican Foundation and what are their salaries?
There 23 volunteers at Ican Foundation.
Here are 6 key members and their salaries:
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Official website here: www.icanfoundationtx.org
Where can I find the form 990 for Ican Foundation?
Ican Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.icanfoundationtx.org
Learn more at the official website: www.icanfoundationtx.org
Mission Statement of Ican Foundation
The Ican Foundation, as the charitable arm of Ineos, a large international chemical company, is committed to fulfilling its responsibility of aiding in the development of the nation's future generation. Operating as a Texas 501(c)(3) non-profit and volunteer organization, the Ican Foundation focuses its efforts on child health, education, and the development of the workforce in Houston and its surrounding areas. The mission of the Ican Foundation is geared towards making a positive impact in the communities where it operates and resides, with a primary goal of enhancing the lives of its next generation.
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Impact
July, 2024
Ican Foundation, the US charitable arm of INEOS, a large, integrated, international chemical company, is making a significant impact on child health, education, and workforce development in Houston and its surrounding areas. Through initiatives like the signature program, Go Run for Fun, the foundation is actively engaging children ages 5-11 in fun physical activities to promote good exercise habits. In 2022 alone, Go Run for Fun events reached 4,924 students in 9 schools, inspiring them to lead healthier lifestyles. By prioritizing the development of the next generation, Ican Foundation is fostering a more vibrant and prosperous community where it operates.
This information is meant to be a general summary of Ican Foundation. 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 2022.
- Gross Receipts: $921,295
Assets and Liabilities:
- Total Assets: $552,344
- Total Liabilities: $0
- Net Assets: $552,344
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Organization Details
Founding Year
2015
Phone
(281) 535-6634Principal Officer
Kathryn Shuler
Main Address
2600 SOUTH SHORE BLVD SUITE 100, LEAGUE CITY, TX, 77573
Website
www.icanfoundationtx.orgNTEE Category
Code: P11 - Human services
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