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Nonprofit · EIN 27-2853497

LIMITLESS POTENTIAL INC

Tax-exempt · CEDAR RAPIDS, IA 52411

Financials

$1.4M$1.2M2023$02024$1.5M$1.4M2024
Revenue Expenses · by fiscal year end
Financials of LIMITLESS POTENTIAL INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990 (amended)$1,536,526$1,423,560$112,966$665,594$26,468$639,126
December 31, 2024990-EZ$0––$0–$0
December 31, 2023990$1,390,807$1,248,111$142,696$449,051$13,133$435,918
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$240,650
of which government grants
$240,526
Program service revenue
$1,295,823
Investment income
$53
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$218,749
Other salaries and wages
$758,019
Salaries, compensation and benefits (total)
$1,167,135
Professional fundraising fees
$0
Accounting fees
$10,569
Depreciation
$30,577
Program services (functional)
$1,423,560

Balance sheet and other

Total assets, start of year
$449,051
Total assets, end of year
$665,594
Total liabilities, end of year
$26,468
Net assets, end of year
$639,126
Land, buildings and equipment
$45,871
Gross receipts
$1,536,526
Employees
35
Year formed
2010
State of legal domicile
IA

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 / weekCompensation
JEREMY GOMEZExecutive Dir.
Officer
60$118,461
EDWARD MEADDirector
Officer
60$100,288
990-EZ for the year ended December 31, 2024: 1 people
NameTitleHours / weekCompensation
JEREMY GOMEZExecutive Dir.0$0
990 for the year ended December 31, 2023: 2 people
NameTitleHours / weekCompensation
EDWARD MEADDIRECTOR OF OPERATIONS
Officer
60$160,879
JEREMY GOMEZEXECUTIVE DIRECTOR
Officer
60$158,259

Address and contacts

Address (IRS master file)
4770 DEWEES CT, CEDAR RAPIDS, IA 52411-8166
In care of
% EDWARD E MEAD
Principal officer (990 for 2024)
JEREMY GOMEZ, 5802 PRARIE GRASS LN NE, CEDAR RAPIDS, IA 52411
Signed the 990
JEREMY GOMEZ, Executive Dir.
Phone
(319) 239-4339
Return prepared by
BMF Tax & Accounting LLC

Mission

PROVIDING SUPPORTED COMMUNITY LIVING SERVICES TO CHILDREN WITH DISABILITIES AND THEIR FAMILIES IN THE STATE OF IOWA

990 for the year ended December 31, 2024

Program accomplishments

  • PROVIDING SUPPORTED COMMUNITY LIVING SERVICES TO CHILDREN WITH DISABILITIES AND THEIR FAMILIES IN THE STATE OF IOWA
    Expenses $1,423,560

What it must file and when

IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. 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

File the 2025 990-N for LIMITLESS POTENTIAL INC

Due May 15, 2026 · e-filed with the IRS by 990.tax, an IRS-authorized e-file provider

IRS record

EIN
27-2853497
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (509(a)(2))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2011
Accounting year ends
December
Files
Form 990-N (e-Postcard)
Category (NTEE)
Human services (P82)
Assets (IRS master file)
$665,594
Income (IRS master file)
$1,536,526

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$1,536,526$1,423,560$665,594XML
990-EZDecember 2024$0–$0XML
990December 2023$1,390,807$1,248,111$449,051XML
990December 2022$849,023$1,044,200$320,067IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2019–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 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 (search EIN 27-2853497).

Questions about LIMITLESS POTENTIAL INC

What is the EIN of LIMITLESS POTENTIAL INC?
The employer identification number (EIN) of LIMITLESS POTENTIAL INC is 27-2853497.
Is LIMITLESS POTENTIAL INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2011.
Are donations to LIMITLESS POTENTIAL INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does LIMITLESS POTENTIAL INC file?
Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
When is the next return of LIMITLESS POTENTIAL 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 LIMITLESS POTENTIAL 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 LIMITLESS POTENTIAL INC?
The 990 for the year ended December 31, 2024 names JEREMY GOMEZ.
Who are the officers and directors of LIMITLESS POTENTIAL INC?
The 990 for the year ended December 31, 2024 lists 2 people; 2 received compensation from the organization, the highest $118,461 (JEREMY GOMEZ, Executive Dir.).
How much revenue does LIMITLESS POTENTIAL INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $1,536,526, expenses of $1,423,560 and total assets of $665,594 at year end.

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