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← INEOS ICAN FOUNDATION

Form 990 for tax year 2024

Filed by INEOS ICAN FOUNDATION.

Totals

Total revenue
$551,153
Total expenses
$460,941
Contributions and grants received
$551,153
Grants paid
$10,000
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$544,421
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$544,421
Program services expenses (Part IX)
$126,967
Management and general expenses
$281,978
Fundraising expenses
$51,996
Program service expenses (Part III)
$126,967

Program services were 27.5% 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.

  • 1c · Fundraising events

    $415,539

  • 1f · All other contributions, gifts and grants

    $135,614

  • 8a · Fundraising events: contributions included on line 1c

    $415,539

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $10,000 · program services $10,000

  • 11b · Fees: legal

    total $9,991 · program services $7,082 · management and general $2,909 · fundraising $0

  • 12 · Advertising and promotion

    total $56,262 · program services $2,396 · management and general $53,866 · fundraising $0

  • 13 · Office expenses

    total $7,433 · program services $5,720 · management and general $1,713 · fundraising $0

  • 14 · Information technology

    total $3,063 · program services $0 · management and general $3,063 · fundraising $0

  • 16 · Occupancy

    total $91,182 · program services $0 · management and general $91,182 · fundraising $0

  • 19 · Conferences, conventions and meetings

    total $72,218 · program services $0 · management and general $72,218 · fundraising $0

  • 24a · Other expenses: EVENT CONSUMABLES EXPENSE

    total $99,277 · program services $45,667 · management and general $1,614 · fundraising $51,996

  • 24b · Other expenses: RESEARCH

    total $50,000 · program services $0 · management and general $50,000 · fundraising $0

  • 24c · Other expenses: TRAININ EXPENSE

    total $193 · program services $0 · management and general $193 · fundraising $0

  • 24e · All other expenses

    total $61,322 · program services $56,102 · management and general $5,220 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $408,716 · end of year $479,652

  • 3 · Pledges and grants receivable

    beginning of year $38,100 · end of year $45,300

  • 4 · Accounts receivable

    beginning of year $7,393 · end of year $19,469

  • 27 · Net assets without donor restrictions

    beginning of year $454,209 · end of year $544,421

Mission and programs · 2024

Mission

THE ICAN FOUNDATION IS THE US CHARITABLE ARM OF INEOS, A LARGE, INTEGRATED, INTERNATIONAL CHEMICAL COMPANY. INEOS BELIEVES IT HAS A RESPONSIBILITY TO HELP DEVELOP OUR COUNTRYS BEST RESOURCE: ITS NEXT GENERATION. THE ICAN FOUNDATION IS A TEXAS 501(C)(3) NON-PROFIT AND VOLUNTEER ORGANIZATION THAT SUPPORTS OUTREACH EFFORTS FOCUSING ON CHILD HEALTH, EDUCATION, AND THE DEVELOPMENT OF OUR FUTURE WORKFORCE IN HOUSTON AND ITS SURROUNDING AREAS. OUR EFFORTS ARE DIRECTED TOWARDS MAKING A DIFFERENCE IN THE AREAS WHERE WE OPERATE AND LIVE.

Activities or mission (Part I)

SEE SCHEDULE O

  • GOLF TOURNAMENT

    Expenses $41,444 · Revenue $237,986

  • SPORTING CLAYS TOURNAMENT

    Expenses $37,259 · Revenue $105,603

  • REEL DEAL

    Expenses $48,264 · Revenue $71,950

As filed on the 2024 return.

Listed in Part VII

  • Tim Avery

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Kathryn Shuler

    EXEX DIRECTOR/PRESID

    Total calculated
    $0
    Hours/week
    38

  • Greg Williams

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Marie Boykin

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Sara Cassells

    SECRETARY

    Total calculated
    $0
    Hours/week
    40

  • Rob Osterhold

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

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.

Provenance

Return type
form_990
Tax year
2024
Filed
10 November 2025
IRS schema version
2024v5.2
Source object
202523189349310562

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