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Nonprofit · EIN 16-0807981

CAPABILITIES INC

Tax-exempt · ELMIRA, NY 14901

Financials

$2.2M$2.4M2024
Revenue Expenses · by fiscal year end
Financials of CAPABILITIES INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$2,232,973$2,375,837-$142,864$3,533,881$417,851$3,116,030
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$845,181
of which government grants
$783,952
Program service revenue
$1,177,094
Investment income
$210,638
Net gain from sales of assets
$143,487
Other revenue
$60

Expenses

Grants and similar amounts paid
$0
Other salaries and wages
$1,463,145
Salaries, compensation and benefits (total)
$1,687,626
Professional fundraising fees
$0
Accounting fees
$19,717
Occupancy
$61,247
Travel
$9,473
Depreciation
$67,381
Program services (functional)
$2,008,863
Management and general (functional)
$366,974

Balance sheet and other

Total assets, start of year
$3,513,246
Total assets, end of year
$3,533,881
Total liabilities, end of year
$417,851
Net assets, end of year
$3,116,030
Land, buildings and equipment
$686,082
Publicly traded securities
$2,258,739
Net assets without donor restrictions
$3,116,030
Gross receipts
$3,199,405
Employees
121
Volunteers
11
Year formed
1956
State of legal domicile
NY

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationFrom related orgsOther / benefits
LEISA ALGERCHIEF EXECUTIVE OFFICER
Officer
0$0$152,608$12,210
DON HILFIGERCHIEF FINANCIAL OFFICER
Officer
0$0$99,110$13,225
AARON ALSHEIMERCHAIRPERSON
Trustee or director, Officer
2$0$0$0
KAREN CROMERVICE CHAIRPERSON
Trustee or director, Officer
2$0$0$0
ABBY CARRTREASURER
Trustee or director, Officer
2$0$0$0
RITA MCCABESECRETARY
Trustee or director, Officer
2$0$0$0
DAVID EICHENAUERDIRECTOR
Trustee or director
1$0$0$0
NATHAN GAGEDIRECTOR
Trustee or director
1$0$0$0
BRIAN QUALEYDIRECTOR
Trustee or director
1$0$0$0
JOHN KOHENADIRECTOR
Trustee or director
1$0$0$0
KELLY SQUIRESDIRECTOR
Trustee or director
1$0$0$0
DEBRA STANTONDIRECTOR
Trustee or director
1$0$0$0
MICHAEL BATTERSBYDIRECTOR
Trustee or director
1$0$0$0

Address and contacts

Address (IRS master file)
1149 SULLIVAN ST, ELMIRA, NY 14901-1670
Principal officer (990 for 2024)
WILLIAM C WASSERMAN, 1149 SULLIVAN STREET, ELMIRA, NY 14901
Signed the 990
AARON ALSHEIMER, CHAIRPERSON
Phone
(607) 734-2006
Return prepared by
BONADIO & CO LLP

Mission

TO ASSIST PEOPLE WITH DISABILITIES OBTAIN THEIR OPTIMUM OCCUPATIONAL GOALS.

990 for the year ended December 31, 2024

Program accomplishments

  • SOCIAL ENTERPRISE MODELS - TO CREATE EMPLOYMENT OPPORTUNITIES WITHIN AND OUTSIDE OF THE ORGANIZATION FOR PEOPLE WITH DISABILITIES.
    Expenses $2,001,826 · revenue $1,168,722
  • SUPPORTED EMPLOYMENT PREPARE AND ASSIST INDIVIDUALS WITH DISABILITIES OBTAIN AND RETAIN COMPETITIVE EMPLOYMENT.
    Expenses $7,037 · revenue $8,432

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
16-0807981
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1961
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Employment (J30Z)
Assets (IRS master file)
$3,533,881
Income (IRS master file)
$3,199,405

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024–––IRS
990December 2023$2,249,701$2,715,645$3,513,246IRS
990December 2022$2,370,870$2,743,724$3,748,071IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS

990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS.

Questions about CAPABILITIES INC

What is the EIN of CAPABILITIES INC?
The employer identification number (EIN) of CAPABILITIES INC is 16-0807981.
Is CAPABILITIES INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1961.
Are donations to CAPABILITIES INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does CAPABILITIES INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of CAPABILITIES INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did CAPABILITIES INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of CAPABILITIES INC?
The 990 for the year ended December 31, 2024 names WILLIAM C WASSERMAN.
Who are the officers and directors of CAPABILITIES INC?
The 990 for the year ended December 31, 2024 lists 13 people; 0 received compensation from the organization.
How much revenue does CAPABILITIES INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $2,232,973, expenses of $2,375,837 and total assets of $3,533,881 at year end.

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