Skip to content
Nonprofiteer
← HOUSTONS CAPITAL INVESTING IN DEVELOPMENT & EMPLOYMENT OF ADULTS

Form 990 for tax year 2022

Filed by HOUSTONS CAPITAL INVESTING IN DEVELOPMENT & EMPLOYMENT OF ADULTS.

Totals

Total revenue
$2,580,725
Total expenses
$2,015,680
Contributions and grants received
$2,580,725
Grants paid
$668,606
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$1,653,777
Total liabilities, end of year
$86,537
Net assets or fund balances, end of year
$1,567,240
Program services expenses (Part IX)
$1,477,276
Management and general expenses
$538,404
Fundraising expenses
$0
Program service expenses (Part III)
$1,477,276

Program services were 73.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1a · Federated campaigns

    $112,251

  • 1f · All other contributions, gifts and grants

    $2,468,474

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $668,606 · program services $668,606

  • 5 · Compensation of officers, directors and key employees

    total $104,933 · program services $73,453 · management and general $31,480

  • 7 · Other salaries and wages

    total $794,704 · program services $655,013 · management and general $139,691

  • 11g · Fees: other

    total $256,998 · management and general $256,998

  • 13 · Office expenses

    total $11,069 · program services $9,638 · management and general $1,431

  • 14 · Information technology

    total $33,977 · management and general $33,977

  • 16 · Occupancy

    total $54,942 · program services $22,665 · management and general $32,277

  • 17 · Travel

    total $10,076 · program services $5,801 · management and general $4,275

  • 22 · Depreciation, depletion and amortization

    total $4,143 · management and general $4,143

  • 23 · Insurance

    total $4,474 · management and general $4,474

  • 24a · Other expenses: OTHER EXPENSES

    total $59,860 · program services $33,125 · management and general $26,735

  • 24b · Other expenses: COMMUNICATION

    total $9,184 · program services $6,876 · management and general $2,308

  • 24c · Other expenses: EVENTS/MEETINGS

    total $2,714 · program services $2,099 · management and general $615

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $559,882 · end of year $953,913

  • 3 · Pledges and grants receivable

    beginning of year $485,794 · end of year $590,827

  • 9 · Prepaid expenses and deferred charges

    beginning of year $15,428 · end of year $24,737

  • 10a · Land, buildings and equipment: cost or other basis

    $133,918

  • 10b · Land, buildings and equipment: accumulated depreciation

    $97,754

  • 10c · Land, buildings and equipment, net

    beginning of year $11,320 · end of year $36,164

  • 15 · Other assets

    end of year $48,136

  • 17 · Accounts payable and accrued expenses

    beginning of year $46,086 · end of year $28,375

  • 25 · Other liabilities

    beginning of year $24,143 · end of year $58,162

  • 27 · Net assets without donor restrictions

    beginning of year $639,773 · end of year $952,611

  • 28 · Net assets with donor restrictions

    beginning of year $362,422 · end of year $614,629

Mission and programs · 2022

Mission

CAPITAL IDEA HOUSTON'S MISSION IS TO INVEST IN WORKING ADULTS BY PROVIDING EDUCATIONAL PATHWAYS FROM LOW-WAGE TO LIVING-WAGE CAREERS.

Activities or mission (Part I)

CAPITAL IDEA HOUSTON'S MISSION IS TO INVEST IN WORKING ADULTS BY PROVIDING EDUCATIONAL PATHWAYS FROM LOW-WAGE TO LIVING WAGE CAREERS.

  • THE ORGANIZATION PROVIDES EDUCATION, TRAINING, AND OTHER SUPPORT FOR INDIVIDUALS WHO ARE ECONOMICALLY DISADVANGED OR FACE MULTIPLE BARRIERS TO EMPLOYMENT. CAPITAL IDEA HOUSTON COLLABORATES WITH HIGHER EDUCATION SCHOOL AND GOVERNMENT AGENCIES IN OFFERING MEANINGFUL ADULT EDUCATION. THE ORGANIZATION HELPS COORDINATE CHILD CARE, TRANSPORTATION ASSISTANCE, FINANCIAL ASSISTANCE, INCLUDING BUT NOT LIMITED TO BOOKS, TUITION, AND TUTORING, ADVICE ON WORK-SCHOOL-LIFE BALANCE, AND SOFT SKILLS. THE ORGANIZATION ASSISTS GRADUATES IN OBTAINING JOBS THAT PAY A LIVING WAGE AND IN PURSUING CAREER PATHS THAT WILL SUPPORT A FAMILY, PROVIDE BENEFITS AND OFFER OPPORTUNITIES FOR PROFESSIONAL ADVANCEMENT DURING THE FISCAL YEAR ENDED 9/30/2023, CAPITAL IDEA HOUSTON ASSISTED 406 INDIVIDUALS.

    Expenses $1,477,276 · Grants $668,606

As filed on the 2022 return.

Listed in Part VII

  • Sarah Cove

    PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • Melinda Lightsey-Ford

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Ana Cummings

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Father Rodney Armstrong

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Tenesha Brownresigned

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Emily Cole

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Bob Fleming

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Zachary Hartman

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Linda Hollins

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Ayo Kuyinu

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Benjamin Munster

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Matthew Strom

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Rev Noel Denison Resigned

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • John Dampf

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • R Stan Marek Jr

    CEO

    Total calculated
    $0
    Hours/week
    20

  • Michelle Paul

    EXECUTIVE DIRECTOR

    Total calculated
    $104,933
    From this org
    $101,503
    From related orgs
    $0
    Other
    $3,430
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • CAPITAL INVESTING IN DEVELOPMENT AND EMPLOYMENT OF ADULTS HOUSTON LLC

    PROVIDE SUPPORT, JOBS AND EDUCATION TO ECONOMICALLY CHALLENGED · TX · income $2,580,725 · assets $1,653,777

    Directly controlled by HOUSTON'S CAPITAL INVESTING IN DEVELOPMENT AND EMPLOYMENT OF ADULTS INC

Provenance

Return type
form_990
Tax year
2022
Filed
15 August 2024
IRS schema version
2022v5.0
Source object
202432289349303953

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.