Civic Intelligence

African Development Initiative Inc

990EZ • Fiscal year 2014 • EIN 27-2494029

Jan 01, 2014 to Dec 31, 2014 • Filed on Nov 15, 2015

67 Highland AvenueRandolph, MA 02368

(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 2014

Liabilities / Revenue

Score unavailable

No value available

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

Source year 2014

Net Margin

7th percentile

-57%

Higher net margin than 7% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Top Officer Pay

74th percentile

$0

Higher top officer pay than 74% of similar nonprofits.

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

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Asset Growth

11th percentile

-39%

Faster asset growth than 11% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Revenue Growth

9th percentile

-49%

Faster revenue growth than 9% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Assets

Down

$18,946

Down $12,340 (-39%) from 2013

Net Assets

Down

$18,946

Down $12,340 (-39%) from 2013

Liabilities

-

No earlier filing loaded for comparison.

Revenue

Down

$21,588

Down $20,446 (-49%) from 2013

Expenses

Up

$33,928

Up $11,773 (+53%) from 2013

Net Income

Down

-$12,340

Down $32,219 (-162%) from 2013

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

2014

Assets$18,946
Liabilities-
Net Assets$18,946

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

2014

Revenue$21,588
Expenses$33,928
Net Income-$12,340
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Nov 15, 2015
Return Version
2014v5.0
Gross Receipts
$28,279
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.-$30,096
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

Filer Name
African Development Initiative Inc
EIN
27-2494029
Address
67 HIGHLAND AVENUE, RANDOLPH, MA 02368

Signing Officer

Name
Ndu Okereke
Title
CFO
Signed
2015-11-15

Preparer

Firm
Rushton & Company LLC
Address
PO BOX 2917, GAINESVILLE, GA 30503
Preparer
J Chris Hollifield
Phone
7702877800
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

Expenses office supplies 2,737 banking fees 320 service projects 19,924 total 22,981

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.

Raw XML Appendix146 raw XML fields

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/ExplanationTxt0EXPENSES OFFICE SUPPLIES 2,737 BANKING FEES 320 SERVICE PROJECTS 19,924 TOTAL 22,981
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
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ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0AFRICAN DEVELOPMENT INITIATIVE INC
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 2917
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0GAINESVILLE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0GA
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ReturnHeader/PreparerPersonGrp/PhoneNum07702877800
ReturnHeader/PreparerPersonGrp/PreparationDt02015-11-16
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0J CHRIS HOLLIFIELD
ReturnHeader/ReturnTs02015-11-16T15:58:05-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02014-01-01
ReturnHeader/TaxPeriodEndDt02014-12-31
ReturnHeader/TaxYr02014

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