Civic Intelligence

African Development Initiative Inc

990EZ • Fiscal year 2013 • EIN 27-2494029

Jan 01, 2013 to Dec 31, 2013 • Filed on Nov 15, 2014

67 Highland Avenue02368

(212) 761-3443

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2013

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2013

Net Margin

91st percentile

47%

Higher net margin than 91% of similar nonprofits.

2013 filings • 501(c)3 • <$500k nonprofits • Source year 2013

Top Officer Pay

73rd percentile

$0

Higher top officer pay than 73% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2013 filings • 501(c)3 • <$500k nonprofits • Source year 2013

Asset Growth

95th percentile

174%

Faster asset growth than 95% of similar nonprofits.

2013 filings • 501(c)3 • <$500k nonprofits • Annualized from 2012 to 2013

Revenue Growth

97th percentile

231%

Faster revenue growth than 97% of similar nonprofits.

2013 filings • 501(c)3 • <$500k nonprofits • Annualized from 2012 to 2013

Assets

Up

$31,286

Up $19,877 (+174%) from 2012

Net Assets

Up

$31,286

Up $19,877 (+174%) from 2012

Liabilities

-

No earlier filing loaded for comparison.

Revenue

Up

$42,034

Up $29,325 (+231%) from 2012

Expenses

Down

$22,155

Down $2,823 (-11%) from 2012

Net Income

Up

$19,879

Up $32,148 (+262%) from 2012

Historical Trend

Balance Sheet Trend

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

$40K$30K$20K$10K$0Assets 2012: $11,409Net Assets 2012: $11,4092012Assets 2013: $31,286Net Assets 2013: $31,2862013Assets 2014: $18,946Net Assets 2014: $18,9462014Assets 2015: $20,004Liabilities 2015: $2,456Net Assets 2015: $17,5482015Assets 2016: $24,516Liabilities 2016: $6,591Net Assets 2016: $17,9252016

Highlighted filing

2013

Assets$31,286
Liabilities-
Net Assets$31,286

Operations Trend

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

$200K$150K$100K$50K$0-$50KRevenue 2012: $12,709Expenses 2012: $24,978Net Income 2012: -$12,2692012Revenue 2013: $42,034Expenses 2013: $22,155Net Income 2013: $19,8792013Revenue 2014: $21,588Expenses 2014: $33,928Net Income 2014: -$12,3402014Revenue 2015: $46,107Expenses 2015: $43,166Net Income 2015: $2,9412015Revenue 2016: $185,902Expenses 2016: $184,847Net Income 2016: $1,0552016

Highlighted filing

2013

Revenue$42,034
Expenses$22,155
Net Income$19,879
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Nov 15, 2014
Return Version
2013v3.1
Gross Receipts
$46,166
Mission and Program Overview

Mission

Adi is a social entrepreneurial 501(c)(3) non-profit organization dedicated to investing in opportunities to improve the health, education, and economies of communities in low-resource settings. The history of adi adi was co-founded in 2007 by sangu delle and darryl finkton as undergraduates at harvard university. Sangu, a native of ghana with a background in finance and economics, and darryl, from the u.s. With a biology and global health interest, aimed to combine the rigor of academic research with the utility of business to create social change and development. The first adi project, access to clean water for agyementi (acwa), did just that by proving potable water supplies, installing sanitation facilities, and promoting safe hygiene in a ghanaian village. Adi continues to fund and implement, as well as consult self-sustaining development projects in low-resource settings throughout the world. Adi was officially incorporated as a 501(c)(3) non-profit organization in 2010

Program Services

DescriptionGrantsExpenses
A SOCIAL ENTREPRENEURIAL APPROACH THE ENTREPRENEURIAL APPROACH HAS TWO VALUABLE ADVANTAGES: CREATIVE ENERGY AND ACCOUNTABILITY. ENTREPRENEURS TAKE A RISK BY INVESTING IN AN ENDEAVOUR THEY BELIEVE WILL SUCCEED, ACCEPTING THE RESPONSIBILITY OF PROVIDING THEIR CUSTOMERS WITH A DESIRABLE PRODUCT. THE ENTREPRENEURIAL APPROACH DEMANDS US TO CONSTANTLY QUESTION IF THERE IS A BETTER, MORE EFFICIENT, MORE ENJOYABLE WAY OF PROVIDING A GOOD OR SERVICE. WITH THE SOCIAL ENTREPRENEURIAL MODEL, WE TAKE THAT ENERGY AND CHANNEL IT TOWARDS SOCIAL GOOD. RATHER THAN FOCUSING SOLELY ON PROFIT GENERATION, WE WORK TO ENSURE AT THE ONSET OF OUR PROJECTS THAT THE SUCCESS OF OUR WORK WILL MAKE SUBSTANTIAL IMPROVEMENTS TO EITHER THE EDUCATIONAL SERVICES, HEALTH OUTCOMES, AND/OR ECONOMIC DEVELOPMENT WHERE WE WORK. WE THEN REINVEST THESE PROFITS BACK INTO OUR COMMUNITIES. SELF-SUSTAINING PROJECTS ADI DOES NOT GIVE THINGS AWAY. WHILE THIS IS A COMMON APPROACH WITH MANY NON-PROFIT ORGANIZATIONS, WE INSTEAD SEEK A BUY-IN FROM THE COMMUNITIES WHERE WE WORK. THIS OF COURSE MAKES OUR JOBS MUCH MORE DIFFICULT, BUT RESULTS IN PROJECTS THAT PROVIDE COMMUNITY STAKEHOLDERS WITH CHOICE AND A QUALITY SERVICE FROM AN ORGANIZATION THAT IS ACCOUNTABLE TO ITS CUSTOMERS. IN ORDER TO MAKE THIS WORK, WE PARTNER WITH LOCAL GOVERNMENTS, TRADITIONAL LEADERS, LOCALLY EMBEDDED NGOS, UNIVERSITIES, THE PRIVATE SECTOR, AND DEVELOPMENT INSTITUTIONS. TOGETHER, WE AIM TO CREATE EMPOWERMENT, NOT DEPENDENCE. THE RIGOR OF RESEARCH AND ACADEMIA ADI IS DEDICATED TO RESEARCH AND FINANCIAL RESPONSIBILITY. WE UNDERSTAND THAT EACH COMMUNITY AND VILLAGE HAS ITS OWN NEEDS AND WILL REQUIRE A UNIQUE SOLUTION. WITH ALL OF OUR DEVELOPMENT PROJECTS, WE AIM TO MAXIMIZE THE SOCIAL RETURNS ON ALL OF THE RESOURCES WE UTILIZE. FIRST, WE CONDUCT RIGOROUS BACKGROUND RESEARCH ON THE BEST-PRACTICES AND CASE STUDIES FOR ANY PROJECT WE UNDERTAKE. THEN, WE BEGIN WITH A DILIGENT FORMATIVE ASSESSMENT TO UNDERSTAND THE NEEDS AND DEMANDS IN OUR COMMUNITIES. DURING THE IMPLEMENTATION OF OUR PROJECT, WE CONTINUE TO EVALUATE OUR EFFORTS, CONSTANTLY USING FEEDBACK FROM THESE REPORTS TO IMPROVE AS WE IMPLEMENT. FINALLY, WE SCRUTINIZE OUR PROJECTS AT THEIR TERMINATION TO EVALUATE OUR OUTCOMES AND ENSURE THAT WE ACHIEVED WHAT WE SET OUT TO DO. USING MARKET SOLUTIONS ALTHOUGH WE ARE A NON-PROFIT ORGANIZATION, WE IMPLEMENT OUR PROJECTS AS IF WE ARE AIMING TO MAXIMIZE PROFITS. DOING THIS ENSURES THAT OUR SOLUTIONS TO THESE SOCIAL PROBLEMS ARE CULTURALLY AND REGIONALLY APPROPRIATE. IF PEOPLE DO NOT LIKE OUR PRODUCTS OR IDEAS, THEY WILL NOT PURCHASE THEM. IT IS THEN UP TO US TO EITHER MAKE THE PRODUCT MORE ATTRACTIVE, LESS EXPENSIVE, OR EASIER TO USE FOR OUR CUSTOMERS. WITH THE INCOME GENERATED FROM THE SALE OF OUR PRODUCTS AND SERVICES, WE ARE THEN ABLE TO REINVEST IN NEW PROJECTS, HAVING A RECYCLING FUND FOR DEVELOPMENT.-$21,912
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
DARRYL FINKTONCEO-$0--
SANGU DELLEExecutive Pr-$0--
HENRY LOUIS GATESDirector-$0--
EVELYN B HIGGINBOTHAMDirector-$0--
KWAME OWUSU-KESSEDirector-$0--
ALEX ALMOREDirector-$0--
NDU OKEREKEChief Fin Of-$0--
OLUWADARA JOHNSONPres Eur Ope-$0--
VISHNU RAVIDirector Of-$0--
Filing and Contact Details

Filer

EIN
27-2494029

Signing Officer

Name
Ndu Okereke
Title
CFO
Signed
2014-11-15

Preparer

Preparer
J Chris Hollifield
Phone
7702877800
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

Expenses banking fees 243 service projects 21,912 total 22,155

Form 990-ez, Part III

Adi is a social entrepreneurial 501(c)(3) non-profit organization dedicated to investing in opportunities to improve the health, education, and economies of communities in low-resource settings. The history of adi adi was co-founded in 2007 by sangu delle and darryl finkton as undergraduates at harvard university. Sangu, a native of ghana with a background in finance and economics, and darryl, from the u.s. With a biology and global health interest, aimed to combine the rigor of academic research with the utility of business to create social change and development. The first adi project, access to clean water for agyementi (acwa), did just that by proving potable water supplies, installing sanitation facilities, and promoting safe hygiene in a ghanaian village. Adi continues to fund and implement, as well as consult self-sustaining development projects in low-resource settings throughout the world. Adi was officially incorporated as a 501(c)(3) non-profit organization in 2010

Form 990-ez, Part III, Line 28

A social entrepreneurial approach the entrepreneurial approach has two valuable advantages: creative energy and accountability. Entrepreneurs take a risk by investing in an endeavour they believe will succeed, accepting the responsibility of providing their customers with a desirable product. The entrepreneurial approach demands us to constantly question if there is a better, more efficient, more enjoyable way of providing a good or service. With the social entrepreneurial model, we take that energy and channel it towards social good. Rather than focusing solely on profit generation, we work to ensure at the onset of our projects that the success of our work will make substantial improvements to either the educational services, health outcomes, and/or economic development where we work. We then reinvest these profits back into our communities. Self-sustaining projects adi does not give things away. While this is a common approach with many non-profit organizations, we instead seek a buy-in from the communities where we work. This of course makes our jobs much more difficult, but results in projects that provide community stakeholders with choice and a quality service from an organization that is accountable to its customers. In order to make this work, we partner with local governments, traditional leaders, locally embedded ngos, universities, the private sector, and development institutions. Together, we aim to create empowerment, not dependence. The rigor of research and academia adi is dedicated to research and financial responsibility. We understand that each community and village has its own needs and will require a unique solution. With all of our development projects, we aim to maximize the social returns on all of the resources we utilize. First, we conduct rigorous background research on the best-practices and case studies for any project we undertake. Then, we begin with a diligent formative assessment to understand the needs and demands in our communities. During the implementation of our project, we continue to evaluate our efforts, constantly using feedback from these reports to improve as we implement. Finally, we scrutinize our projects at their termination to evaluate our outcomes and ensure that we achieved what we set out to do. Using market solutions although we are a non-profit organization, we implement our projects as if we are aiming to maximize profits. Doing this ensures that our solutions to these social problems are culturally and regionally appropriate. If people do not like our products or ideas, they will not purchase them. It is then up to us to either make the product more attractive, less expensive, or easier to use for our customers. With the income generated from the sale of our products and services, we are then able to reinvest in new projects, having a recycling fund for development.

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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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IRS990EZ/PrimaryExemptPurposeTxt0ADI IS A SOCIAL ENTREPRENEURIAL 501(C)(3) NON-PROFIT ORGANIZATION DEDICATED TO INVESTING IN OPPORTUNITIES TO IMPROVE THE HEALTH, EDUCATION, AND ECONOMIES OF COMMUNITIES IN LOW-RESOURCE SETTINGS. THE HISTORY OF ADI ADI WAS CO-FOUNDED IN 2007 BY SANGU DELLE AND DARRYL FINKTON AS UNDERGRADUATES AT HARVARD UNIVERSITY. SANGU, A NATIVE OF GHANA WITH A BACKGROUND IN FINANCE AND ECONOMICS, AND DARRYL, FROM THE U.S. WITH A BIOLOGY AND GLOBAL HEALTH INTEREST, AIMED TO COMBINE THE RIGOR OF ACADEMIC RESEARCH WITH THE UTILITY OF BUSINESS TO CREATE SOCIAL CHANGE AND DEVELOPMENT. THE FIRST ADI PROJECT, ACCESS TO CLEAN WATER FOR AGYEMENTI (ACWA), DID JUST THAT BY PROVING POTABLE WATER SUPPLIES, INSTALLING SANITATION FACILITIES, AND PROMOTING SAFE HYGIENE IN A GHANAIAN VILLAGE. ADI CONTINUES TO FUND AND IMPLEMENT, AS WELL AS CONSULT SELF-SUSTAINING DEVELOPMENT PROJECTS IN LOW-RESOURCE SETTINGS THROUGHOUT THE WORLD. ADI WAS OFFICIALLY INCORPORATED AS A 501(C)(3) NON-PROFIT ORGANIZATION IN 2010
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES BANKING FEES 243 SERVICE PROJECTS 21,912 TOTAL 22,155
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ADI IS A SOCIAL ENTREPRENEURIAL 501(C)(3) NON-PROFIT ORGANIZATION DEDICATED TO INVESTING IN OPPORTUNITIES TO IMPROVE THE HEALTH, EDUCATION, AND ECONOMIES OF COMMUNITIES IN LOW-RESOURCE SETTINGS. THE HISTORY OF ADI ADI WAS CO-FOUNDED IN 2007 BY SANGU DELLE AND DARRYL FINKTON AS UNDERGRADUATES AT HARVARD UNIVERSITY. SANGU, A NATIVE OF GHANA WITH A BACKGROUND IN FINANCE AND ECONOMICS, AND DARRYL, FROM THE U.S. WITH A BIOLOGY AND GLOBAL HEALTH INTEREST, AIMED TO COMBINE THE RIGOR OF ACADEMIC RESEARCH WITH THE UTILITY OF BUSINESS TO CREATE SOCIAL CHANGE AND DEVELOPMENT. THE FIRST ADI PROJECT, ACCESS TO CLEAN WATER FOR AGYEMENTI (ACWA), DID JUST THAT BY PROVING POTABLE WATER SUPPLIES, INSTALLING SANITATION FACILITIES, AND PROMOTING SAFE HYGIENE IN A GHANAIAN VILLAGE. ADI CONTINUES TO FUND AND IMPLEMENT, AS WELL AS CONSULT SELF-SUSTAINING DEVELOPMENT PROJECTS IN LOW-RESOURCE SETTINGS THROUGHOUT THE WORLD. ADI WAS OFFICIALLY INCORPORATED AS A 501(C)(3) NON-PROFIT ORGANIZATION IN 2010
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A SOCIAL ENTREPRENEURIAL APPROACH THE ENTREPRENEURIAL APPROACH HAS TWO VALUABLE ADVANTAGES: CREATIVE ENERGY AND ACCOUNTABILITY. ENTREPRENEURS TAKE A RISK BY INVESTING IN AN ENDEAVOUR THEY BELIEVE WILL SUCCEED, ACCEPTING THE RESPONSIBILITY OF PROVIDING THEIR CUSTOMERS WITH A DESIRABLE PRODUCT. THE ENTREPRENEURIAL APPROACH DEMANDS US TO CONSTANTLY QUESTION IF THERE IS A BETTER, MORE EFFICIENT, MORE ENJOYABLE WAY OF PROVIDING A GOOD OR SERVICE. WITH THE SOCIAL ENTREPRENEURIAL MODEL, WE TAKE THAT ENERGY AND CHANNEL IT TOWARDS SOCIAL GOOD. RATHER THAN FOCUSING SOLELY ON PROFIT GENERATION, WE WORK TO ENSURE AT THE ONSET OF OUR PROJECTS THAT THE SUCCESS OF OUR WORK WILL MAKE SUBSTANTIAL IMPROVEMENTS TO EITHER THE EDUCATIONAL SERVICES, HEALTH OUTCOMES, AND/OR ECONOMIC DEVELOPMENT WHERE WE WORK. WE THEN REINVEST THESE PROFITS BACK INTO OUR COMMUNITIES. SELF-SUSTAINING PROJECTS ADI DOES NOT GIVE THINGS AWAY. WHILE THIS IS A COMMON APPROACH WITH MANY NON-PROFIT ORGANIZATIONS, WE INSTEAD SEEK A BUY-IN FROM THE COMMUNITIES WHERE WE WORK. THIS OF COURSE MAKES OUR JOBS MUCH MORE DIFFICULT, BUT RESULTS IN PROJECTS THAT PROVIDE COMMUNITY STAKEHOLDERS WITH CHOICE AND A QUALITY SERVICE FROM AN ORGANIZATION THAT IS ACCOUNTABLE TO ITS CUSTOMERS. IN ORDER TO MAKE THIS WORK, WE PARTNER WITH LOCAL GOVERNMENTS, TRADITIONAL LEADERS, LOCALLY EMBEDDED NGOS, UNIVERSITIES, THE PRIVATE SECTOR, AND DEVELOPMENT INSTITUTIONS. TOGETHER, WE AIM TO CREATE EMPOWERMENT, NOT DEPENDENCE. THE RIGOR OF RESEARCH AND ACADEMIA ADI IS DEDICATED TO RESEARCH AND FINANCIAL RESPONSIBILITY. WE UNDERSTAND THAT EACH COMMUNITY AND VILLAGE HAS ITS OWN NEEDS AND WILL REQUIRE A UNIQUE SOLUTION. WITH ALL OF OUR DEVELOPMENT PROJECTS, WE AIM TO MAXIMIZE THE SOCIAL RETURNS ON ALL OF THE RESOURCES WE UTILIZE. FIRST, WE CONDUCT RIGOROUS BACKGROUND RESEARCH ON THE BEST-PRACTICES AND CASE STUDIES FOR ANY PROJECT WE UNDERTAKE. THEN, WE BEGIN WITH A DILIGENT FORMATIVE ASSESSMENT TO UNDERSTAND THE NEEDS AND DEMANDS IN OUR COMMUNITIES. DURING THE IMPLEMENTATION OF OUR PROJECT, WE CONTINUE TO EVALUATE OUR EFFORTS, CONSTANTLY USING FEEDBACK FROM THESE REPORTS TO IMPROVE AS WE IMPLEMENT. FINALLY, WE SCRUTINIZE OUR PROJECTS AT THEIR TERMINATION TO EVALUATE OUR OUTCOMES AND ENSURE THAT WE ACHIEVED WHAT WE SET OUT TO DO. USING MARKET SOLUTIONS ALTHOUGH WE ARE A NON-PROFIT ORGANIZATION, WE IMPLEMENT OUR PROJECTS AS IF WE ARE AIMING TO MAXIMIZE PROFITS. DOING THIS ENSURES THAT OUR SOLUTIONS TO THESE SOCIAL PROBLEMS ARE CULTURALLY AND REGIONALLY APPROPRIATE. IF PEOPLE DO NOT LIKE OUR PRODUCTS OR IDEAS, THEY WILL NOT PURCHASE THEM. IT IS THEN UP TO US TO EITHER MAKE THE PRODUCT MORE ATTRACTIVE, LESS EXPENSIVE, OR EASIER TO USE FOR OUR CUSTOMERS. WITH THE INCOME GENERATED FROM THE SALE OF OUR PRODUCTS AND SERVICES, WE ARE THEN ABLE TO REINVEST IN NEW PROJECTS, HAVING A RECYCLING FUND FOR DEVELOPMENT.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART III, LINE 28
ReturnHeader/BuildTS02015-11-30 17:44:51Z
ReturnHeader/BusinessOfficerGrp/PersonNm0NDU OKEREKE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CFO
ReturnHeader/BusinessOfficerGrp/SignatureDt02014-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine10AFRICAN DEVELOPMENT INITIATIVE INC
ReturnHeader/Filer/BusinessNameControlTxt0AFRI
ReturnHeader/Filer/EIN0272494029
ReturnHeader/Filer/USAddress/AddressLine1067 HIGHLAND AVENUE
ReturnHeader/Filer/USAddress/City0RANDOLPH
ReturnHeader/Filer/USAddress/State0MA
ReturnHeader/Filer/USAddress/ZIPCode002368
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0582282374
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine10RUSHTON & COMPANY LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine10PO BOX 2917
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City0GAINESVILLE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/State0GA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCode030503
ReturnHeader/PreparerPersonGrp/PhoneNum07702877800
ReturnHeader/PreparerPersonGrp/PreparationDt02014-11-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0J CHRIS HOLLIFIELD
ReturnHeader/ReturnTs02014-11-14T09:50:43-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02013-01-01
ReturnHeader/TaxPeriodEndDt02013-12-31
ReturnHeader/TaxYr02013

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