Limbitless Solutions Inc

EIN: 471944657 501(c)(3)

Orlando, FL

Total Revenue
$953,167
Total Expenses
$1,436,722
Total Assets
N/A
Net Assets
N/A
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Financial Trends

Organization Details

Formation Year
2014
Legal Domicile
FL
Phone
4078822241
Tax Period
2022-07-01 to 2023-06-30

Limbitless Solutions Inc, founded in 2014, is a small nonprofit that reported $953K in total revenue in fiscal year 2022. Revenue surged 168% from the prior year, signaling strong growth momentum. Expenses of $1.4M exceeded revenue, resulting in a 51% operating deficit.

Mission

Limbitless Solutions Inc. is a non-profit organization dedicated to empowering individuals through personalized, creative, and expressive bionics. Limbitless Solutions Inc. was dissolved and decertified as a direct support organization of the University of Central Florida, effective June 30, 2023. Its operations will continue under the University's Research Enterprise.

Program Service Accomplishments

Program 1
Expenses: $1,217,802

DESIGN OF BIONIC ARMS FOR CHILDREN: Limbitless Solutions was established as a direct support organization of the University of Central Florida to research, design, create, and deliver mechanical and...

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DESIGN OF BIONIC ARMS FOR CHILDREN: Limbitless Solutions was established as a direct support organization of the University of Central Florida to research, design, create, and deliver mechanical and electronic advancements in disability technology, infusing engineering with artistic design. Limbitless creates personalized, creative, and expressive 3D-printed prosthetics for children with limb differences using electromyographic (EMG) technology. Limbitless works closely with each child and their families, combining art and engineering to make an arm personalized to them, so that each bionic arm created is a reflection of a bionic child's personality. For example, Limbitless collaborates with each child to customize the sleeve design of the child's bionic arm with the goal of reflecting the personalities and interests of each child. Through these expressive bionics, the organization hopes to empower confidence in each child wearing a bionic arm. To help bionic children adapt to their new prosthetic, Limbitless creates fun and immersive video games. The video games use the arm's EMG technology as a controller to help the children gain comfort and skill using their bionic device. Limbitless Solutions develops and distributes bionic solutions through clinical trial process, now collaborating/partnering with five hospitals nationally. Two second generation clinical trials began in May of 2023.

Program 2
Expenses: $68,502

DEVELOP AND IMPROVE TECHNOLOGY AND DESIGN OF BIONIC ARMS: Implement an interchangeable sleeve design that allows the user to fully customize their bionic device. These artistic sleeves are selected...

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DEVELOP AND IMPROVE TECHNOLOGY AND DESIGN OF BIONIC ARMS: Implement an interchangeable sleeve design that allows the user to fully customize their bionic device. These artistic sleeves are selected and modified by the user to create a unique, personalized design. Programming and engineering upgrades has allowed for multi-gesture capabilities; giving the user expanded dexterity. Now the user can access multiple gestures (such as finger points, peace signs, thumbs up, etc.) by flexing their muscle.

Program 3
Expenses: $26,102

PROMOTE STEAM/STEM AND HOST EDUCATIONAL EVENTS: Host students for a day-long immersive STEAM experience. Students learn about combining science, technology, engineering, art, and math to create...

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PROMOTE STEAM/STEM AND HOST EDUCATIONAL EVENTS: Host students for a day-long immersive STEAM experience. Students learn about combining science, technology, engineering, art, and math to create meaningful and artistic designs. Our team also travels across the country talking about 3D Hope and the power of young people getting involved in STEAM at an early age.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $951,729
Program Service Revenue $0
Investment Income $778
Other Revenue $660
TOTAL REVENUE $953,167

Expense Breakdown

Grants Paid $914,027
Salaries & Benefits $0
Fundraising Expenses $6,381
Program Expenses $1,332,606
Other Expenses $522,695
TOTAL EXPENSES $1,436,722

Year-over-Year Comparison

2022 2021 Change
Revenue $953,167 $355,233 +1.7%
Expenses $1,436,722 $433,086 +2.3%
Net Income $-483,555 $-77,853 +5.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
9
Independent Members
4
Employees
N/A
Volunteers
50

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
7
$1,428,007
Total Directors
11
$2,167,633
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A Board Member/Vice Chair as of 1/17/23 1.0
Officer Director
$0 $43,329 $209,131
N/A Chair (thru 8/22), Board Member (thru 1/23) 1.0
Officer Director
$0 $54,750 $354,760
N/A Chairman as of 8/22/22 1.0
Officer Director
$0 $47,938 $309,111
N/A Board Member as of 1/17/23 1.0
Director
$0 $60,879 $351,773
N/A Board Member as of 1/17/23 1.0
Director
$0 $45,854 $290,487
N/A Board Member 1.0
Director
$0 $0 $0
N/A Board Member (thru 12/22) 1.0
Director
$0 $48,116 $323,348
N/A Board Member 1.0
Director
$0 $0 $0
N/A Board Member 1.0
Director
$0 $0 $0
N/A Board Member 1.0
Director
$0 $58,173 $329,023
N/A Board Member 1.0
Director
$0 $0 $0
N/A Secretary 40.0
Officer
$0 $32,315 $98,586
N/A President 40.0
Officer
$0 $37,646 $198,310
N/A Vice President 40.0
Officer
$0 $35,932 $167,689
N/A CFO and Treasurer 35.0
Officer
$0 $29,633 $90,420
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2023 $953,167 $1,436,722 No data $-483,555
2022 $355,233 $433,086 $785,743 $-77,853
2021 $765,711 $315,119 $1,004,854 $450,592
2020 $339,986 $378,821 $470,665 $-38,835
2019 $297,850 $160,880 $387,295 $136,970
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