Civic Intelligence

Adera Foundation

990 • Fiscal year 2021 • EIN 26-4350780

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 10, 2022

2901 Riverglen DriveFort Worth, TX 76109

(817) 692-0169

Siviq Scores

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

Liabilities / Assets

40th percentile

0.01x

Higher debt load relative to assets than 40% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Liabilities / Revenue

39th percentile

0.01x

Higher debt load relative to revenue than 39% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Net Margin

64th percentile

22%

Higher net margin than 64% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Top Officer Pay

81st percentile

$78,750

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 9.7% of source-year revenue.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Asset Growth

67th percentile

22%

Faster asset growth than 67% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Revenue Growth

39th percentile

3.5%

Faster revenue growth than 39% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Assets

Up

$999,856

Up $178,134 (+22%) from 2020

Net Assets

Up

$993,173

Up $177,295 (+22%) from 2020

Liabilities

Up

$6,683

Up $839 (+14%) from 2020

Revenue

Up

$814,246

Up $27,827 (+3.5%) from 2020

Expenses

Up

$636,951

Up $39,151 (+6.5%) from 2020

Net Income

Down

$177,295

Down $11,324 (-6.0%) from 2020

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2013: $213,237Liabilities 2013: $1,510Net Assets 2013: $211,7272013Assets 2014: $216,862Liabilities 2014: $1,212Net Assets 2014: $215,6502014Assets 2015: $315,222Liabilities 2015: $14,651Net Assets 2015: $300,5712015Assets 2016: $357,285Liabilities 2016: $8,437Net Assets 2016: $348,8482016Assets 2017: $432,534Liabilities 2017: $4,584Net Assets 2017: $427,9502017Assets 2018: $580,553Liabilities 2018: $14,936Net Assets 2018: $565,6172018Assets 2019: $659,804Liabilities 2019: $32,545Net Assets 2019: $627,2592019Assets 2020: $821,722Liabilities 2020: $5,844Net Assets 2020: $815,8782020Assets 2021: $999,856Liabilities 2021: $6,683Net Assets 2021: $993,1732021Assets 2022: $1,141,349Liabilities 2022: $18,113Net Assets 2022: $1,123,2362022Assets 2023: $1,248,155Liabilities 2023: $9,696Net Assets 2023: $1,238,4592023Assets 2024: $1,870,887Liabilities 2024: $5,233Net Assets 2024: $1,865,6542024

Highlighted filing

2021

Assets$999,856
Liabilities$6,683
Net Assets$993,173

Operations Trend

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

$2.0M$1.5M$1.0M$500K$0Revenue 2013: $370,837Expenses 2013: $341,458Net Income 2013: $29,3792013Revenue 2014: $343,931Expenses 2014: $340,008Net Income 2014: $3,9232014Revenue 2015: $523,405Expenses 2015: $438,484Net Income 2015: $84,9212015Revenue 2016: $484,404Expenses 2016: $436,127Net Income 2016: $48,2772016Revenue 2017: $648,093Expenses 2017: $568,991Net Income 2017: $79,1022017Revenue 2018: $707,817Expenses 2018: $570,150Net Income 2018: $137,6672018Revenue 2019: $769,619Expenses 2019: $707,977Net Income 2019: $61,6422019Revenue 2020: $786,419Expenses 2020: $597,800Net Income 2020: $188,6192020Revenue 2021: $814,246Expenses 2021: $636,951Net Income 2021: $177,2952021Revenue 2022: $919,779Expenses 2022: $789,716Net Income 2022: $130,0632022Revenue 2023: $1,015,806Expenses 2023: $900,583Net Income 2023: $115,2232023Revenue 2024: $1,542,196Expenses 2024: $915,001Net Income 2024: $627,1952024

Highlighted filing

2021

Revenue$814,246
Expenses$636,951
Net Income$177,295
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 10, 2022
Return Version
2021v4.0
Gross Receipts
$843,956
Mission and Program Overview

Mission

Adera foundation assists individuals and organizations in improving people's lives around the world by providing research, logistics and assistance in project development and implementation.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$672,664$576,287▼ $96,377
Savings and Temporary Cash Investments$92,441$392,468▲ $300,027
Accounts Receivable-$17,064-
Prepaid Expenses and Deferred Charges$56,617$14,037▼ $42,580
Total Assets$821,722$999,856▲ $178,134
Liabilities
Accounts Payable and Accrued Expenses$5,844$6,683▲ $839
Total Liabilities$5,844$6,683▲ $839
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$572,915$621,510▲ $48,595
Net Assets With Donor Restrictions$242,963$371,663▲ $128,700
Total Net Assets Fund Balance$815,878$993,173▲ $177,295
Total Liabilities and Net Assets / Fund Balance$821,722$999,856▲ $178,134

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$3,948$3,948
Other Land Buildings-$695$695
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Julie MillerExecutive DiFT$78,750$78,750

Board Members and Trustees

NameTitle
Hagen HaentschPresident
Abby LuskieDirector
Anna BrewerDirector
Asha HockettDirector
Caren RobertsonDirector
Caroline PearceDirector
David RappDirector
Dr Joseph BurkettDirector
Garett PearceDirector
Joe RobertsonDirector
Katie HaentschDirector
Molly BurkettDirector
Traci HancockDirector
William BrewerDirector
Louis HockettController/f
Toni MeadowsSecretary
Clayton LuskieVice-preside
Revenue and Support

Revenue Composition

Contributions and Grants
$698,020
Program Service Revenue
$0
Investment Income
$28
Other Revenue
$116,198
All Other Contributions
$660,010
Change in Net Assets
$177,295
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$395,930
Other Expenses$156,247
Salaries, Compensation, and Employee Benefits$84,774
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$377,766--$377,766
Current Officers, Directors, Trustees, and Key Employees-$78,750-$78,750
Travel-$36,628-$36,628
Office Expenses-$31,866-$31,866
Fees for Services Other-$18,425-$18,425
Grants to Domestic Individuals$18,164--$18,164
Advertising-$10,661-$10,661
Information Technology-$9,559-$9,559
Payroll Taxes-$6,024-$6,024
Conferences and Meetings-$3,840-$3,840
Insurance-$2,203-$2,203
Fees for Services Accounting-$221-$221
Other Expenses$42,255$59-$59
Total Functional Expenses$438,185$198,766$0$636,951
International Activity

International Summary

Offices
6
Employees
85
Spending
$364,828

International Compliance

Foreign grant records maintained
Yes
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
EthiopiaDay CareSchool Supplies124$153,841
EthiopiaFeedingFood & Clothing15$113,807
EthiopiaLife ImprovementWork Program119$43,255
EthiopiaSpiritual DevelopPastor Training16$23,512
EthiopiaOrphanageChild Care128$17,062
EthiopiaEducationGraduate Training13$13,351
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$87,481
Fundraising Direct Expenses$29,710
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Annual Fundrais$69,821$48,346$13,587$34,759
Mother Daughter$37,107$27,722$13,930$13,792
Total Events$125,491$87,481$29,710$57,771
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
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 2

Joe robertson caren robertson director director husband & wife dr. Joseph burkett molly burkett director director husband & wife hagen haentsch katie haentsch president director husband & wife clayton luskie abby luskie vp director husband & wife abby luskie dr. Joseph burkett director director daughter & father abby luskie molly burkett director director daughter & mother william brewer anna brewer director director husband & wife garett pearce caroline pearce director director husband & wife louis hockett asha hockett director director husband & wife

Form 990, Page 6, Part VI, Line 11B

Return is provided to board chairman, controller and executive director for review prior to filing

Form 990, Page 6, Part VI, Line 12C

Annual conflict of interest statement required of each board member

Form 990, Page 6, Part VI, Line 19

Documents available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Adera Foundation
EIN
26-4350780
Phone
8176920169
Address
2901 RIVERGLEN DRIVE, FORT WORTH, TX 76109

Signing Officer

Name
Julie Miller
Title
Executive Director
Phone
8176920169
Signed
2022-11-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Julie Miller
Formed
2009
Legal Domicile
TX
Voting Board Members
10
Independent Board Members
10
Employees
1
Volunteers
50

Preparer

Firm
Barg & Henson Cpas Pllc
Address
1300 S UNIVERSITY DR STE 312, FORT WORTH, TX 76107-8099
Preparer
Andrew R Barg
Phone
8178701057
Supplemental Narrative

Additional Explanations

Form 990, Page 1, Part I, Line 6

Training, coordinating, accounting & professional services

Form 990, Page 2, Part III, Line 4D

Project facilitation and related management of facilities improvements,

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IRS990/PrincipalOfficerNm0JULIE MILLER
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IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt0CHILD CARE
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt1SCHOOL SUPPLIES
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt2FOOD & CLOTHING
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt3GRADUATE TRAINING
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt4PASTOR TRAINING
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt5WORK PROGRAM
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt0ORPHANAGE
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt1DAY CARE
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt2FEEDING
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt3EDUCATION
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt4SPIRITUAL DEVELOP
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt5LIFE IMPROVEMENT
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