Civic Intelligence

Asia Developmental Services Inc

990 • Fiscal year 2022 • EIN 23-7312916

Jul 01, 2021 to Jun 30, 2022 • Filed on Nov 16, 2022

1209 Orange StreetWilmington, DE 19801

(985) 640-7347

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

100th percentile

6.55x

Higher debt load relative to assets than 100% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Liabilities / Revenue

83rd percentile

0.36x

Higher debt load relative to revenue than 83% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Net Margin

9th percentile

-43%

Higher net margin than 9% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Top Officer Pay

98th percentile

$306,470

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 46.4% of source-year revenue.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Asset Growth

1st percentile

-84%

Faster asset growth than 1% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Revenue Growth

39th percentile

0.1%

Faster revenue growth than 39% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Assets

Down

$36,475

Down $196,416 (-84%) from 2021

Net Assets

Down

-$202,570

Down $237,839 (-674%) from 2021

Liabilities

Up

$239,045

Up $41,423 (+21%) from 2021

Revenue

Up

$660,000

Up $845 (+0.1%) from 2021

Expenses

Up

$940,900

Up $286,300 (+44%) from 2021

Net Income

Down

-$280,900

Down $285,455 (-6267%) from 2021

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$400K$200K$0-$200K-$400KAssets 2019: $116,541Liabilities 2019: $2,589Net Assets 2019: $113,9522019Assets 2020: $133,623Liabilities 2020: $102,909Net Assets 2020: $30,7142020Assets 2021: $232,891Liabilities 2021: $197,622Net Assets 2021: $35,2692021Assets 2022: $36,475Liabilities 2022: $239,045Net Assets 2022: -$202,5702022Assets 2023: $85,855Liabilities 2023: $180,232Net Assets 2023: -$94,3772023Assets 2024: $124,623Liabilities 2024: $215,491Net Assets 2024: -$90,8682024Assets 2025: $98,129Liabilities 2025: $109,047Net Assets 2025: -$10,9182025

Highlighted filing

2022

Assets$36,475
Liabilities$239,045
Net Assets-$202,570

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.5M$1.0M$500K$0-$500KRevenue 2019: $318,108Expenses 2019: $224,132Net Income 2019: $93,9762019Revenue 2020: $488,933Expenses 2020: $572,171Net Income 2020: -$83,2382020Revenue 2021: $659,155Expenses 2021: $654,600Net Income 2021: $4,5552021Revenue 2022: $660,000Expenses 2022: $940,900Net Income 2022: -$280,9002022Revenue 2023: $1,057,000Expenses 2023: $929,553Net Income 2023: $127,4472023Revenue 2024: $1,229,300Expenses 2024: $1,219,885Net Income 2024: $9,4152024Revenue 2025: $1,465,000Expenses 2025: $1,372,798Net Income 2025: $92,2022025

Highlighted filing

2022

Revenue$660,000
Expenses$940,900
Net Income-$280,900
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Nov 16, 2022
Return Version
2021v4.2
Gross Receipts
$660,000
Mission and Program Overview

Mission

To promote the welfare of needy people, particularly children anywhere in the world, by any means that will improve their general condition.

Promote the welfare of children in need around the world.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$186,623$32,916▼ $153,707
Land, Buildings, and Equipment, Net$46,268$3,559▼ $42,709
Total Assets$232,891$36,475▼ $196,416
Liabilities
Grants Payable$187,888$239,045▲ $51,157
Accounts Payable and Accrued Expenses$9,734--
Total Liabilities$197,622$239,045▲ $41,423
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$35,269$-202,570▼ $237,839
Total Net Assets Fund Balance$35,269$-202,570▼ $237,839
Total Liabilities and Net Assets / Fund Balance$232,891$36,475▼ $196,416

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$3,559$124,566$128,125
Compensation and Service Providers

Board Members and Trustees

NameTitle
Christopher WilliamsGeneral Director
William KennyGeneral Director
Sam VoorhiesCEO
Revenue and Support

Revenue Composition

Contributions and Grants
$660,000
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-280,900
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$927,600
Salaries, Compensation, and Employee Benefits$13,300
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$672,935--$672,935
Information Technology$111,519--$111,519
Fees for Services Other$75,740--$75,740
Depreciation Depletion$42,708--$42,708
Fees for Services Legal$10,645$10,644-$21,289
Comp Disqual Persons$13,300--$13,300
Office Expenses-$3,409-$3,409
Total Functional Expenses$926,847$14,053$0$940,900
International Activity

International Summary

Offices
2
Employees
5
Spending
$870,252

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
South AsiaProgram servicesWelfare; technology; contract workers; legal consulting25$870,252
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, line 7A

Compassion International has the right to elect or appoint members to the board of Asia Developmental Services.

Form 990, Part VI, Section A, line 8B

The organization has no committees with authority to act on behalf of the governing body. Therefore, this line was answered no in accordance with the instructions.

Form 990, Part VI, Section B, line 11B

Form 990 is prepared by an independent CPA firm and reviewed in detail by the organization's top management. The reviewed Form 990 is then provided to the board of directors prior to filing with the IRS.

Form 990, Part VI, Section B, line 12C

The organization requires all officers and board members to annually complete and sign a conflict of interest questionnaire. The CEO is responsible for reviewing the signed statements and ensuring that interested persons are in compliance with the conflict of interest policy. Should any potential conflicts of interest be disclosed, the board member or officer would be asked to refrain from participation in any deliberation or decision with regard to matters affected by the relationship.

Form 990, Part VI, Section B, line 15

The organization does not compensate any officers or key employees. Therefore, these lines were answered no in accordance with the instructions.

Form 990, Part VI, Section C, line 19

Asia Developmental Services' governing documents, conflict of interest policy and financial statements are available through the contact form on the website.

Filing and Contact Details

Filer

Filer Name
Asia Developmental Services Inc
EIN
23-7312916
Phone
9856407347
Address
1209 Orange Street, Wilmington, DE 19801

Signing Officer

Name
Samuel J Voorhies
Title
CEO
Phone
9856407347
Signed
2022-11-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Samuel J Voorhies
Formed
1972
Legal Domicile
De
Voting Board Members
2
Independent Board Members
0
Employees
0
Volunteers
0

Preparer

Firm
Capin Crouse LLP
Address
2435 Research Parkway STE 200, Colorado Springs, CO 80920
Preparer
Ted R Batson Jr
Phone
5055022746
Supplemental Narrative

Additional Explanations

Form 990, Part XI, line 9:

Gain on foreign exchange translation 43,061.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Compassion International has the right to elect or appoint members to the board of Asia Developmental Services.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The organization has no committees with authority to act on behalf of the governing body. Therefore, this line was answered no in accordance with the instructions.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Form 990 is prepared by an independent CPA firm and reviewed in detail by the organization's top management. The reviewed Form 990 is then provided to the board of directors prior to filing with the IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The organization requires all officers and board members to annually complete and sign a conflict of interest questionnaire. The CEO is responsible for reviewing the signed statements and ensuring that interested persons are in compliance with the conflict of interest policy. Should any potential conflicts of interest be disclosed, the board member or officer would be asked to refrain from participation in any deliberation or decision with regard to matters affected by the relationship.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The organization does not compensate any officers or key employees. Therefore, these lines were answered no in accordance with the instructions.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Asia Developmental Services' governing documents, conflict of interest policy and financial statements are available through the contact form on the website.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Gain on foreign exchange translation 43,061.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section B, line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part XI, line 9:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
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IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd01
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0362423707
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0Colorado Springs
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IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
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IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
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IRS990ScheduleR/TransferToOtherOrgInd00
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IRS990/SignificantChangeInd00
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IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0232891
IRS990/TotalAssetsEOYAmt036475
IRS990/TotalAssetsGrp/BOYAmt0232891
IRS990/TotalAssetsGrp/EOYAmt036475
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalContributionsAmt0660000
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt014053
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0926847
IRS990/TotalFunctionalExpensesGrp/TotalAmt0940900
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0197622
IRS990/TotalLiabilitiesEOYAmt0239045
IRS990/TotalLiabilitiesGrp/BOYAmt0197622
IRS990/TotalLiabilitiesGrp/EOYAmt0239045
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt035269
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-202570
IRS990/TotalOtherCompensationAmt076356
IRS990/TotalProgramServiceExpensesAmt0926847
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0660000
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0232891
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt036475
IRS990/TotReportableCompRltdOrgAmt0389745
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01209 Orange Street
IRS990/USAddress/CityNm0Wilmington
IRS990/USAddress/StateAbbreviationCd0DE
IRS990/USAddress/ZIPCd019801
IRS990/VotingMembersGoverningBodyCnt02
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0asiadevelopmentalservices.org
IRS990/WhistleblowerPolicyInd01
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Samuel J Voorhies
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum09856407347
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-11-16
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Asia Developmental Services Inc
ReturnHeader/Filer/BusinessNameControlTxt0ASIA
ReturnHeader/Filer/EIN0237312916
ReturnHeader/Filer/PhoneNum09856407347
ReturnHeader/Filer/USAddress/AddressLine1Txt01209 Orange Street
ReturnHeader/Filer/USAddress/CityNm0Wilmington
ReturnHeader/Filer/USAddress/StateAbbreviationCd0DE
ReturnHeader/Filer/USAddress/ZIPCd019801
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0363990892
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Capin Crouse LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02435 Research Parkway STE 200
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Colorado Springs
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd080920
ReturnHeader/PreparerPersonGrp/PhoneNum05055022746
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Ted R Batson Jr
ReturnHeader/ReturnTs02022-11-16T13:24:22-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Samuel

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