Liabilities / Assets
91st percentile
Higher debt load relative to assets than 91% of similar nonprofits.
EIN 27-3809595 • 501(c)3 • New York, NY
Profile
The adventure project creates jobs that empower communities in africa to work their way out of extreme poverty, for good.we believe everyone should have the opportunity to work, thrive, and build a better future
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
Liabilities / Assets
91st percentile
Higher debt load relative to assets than 91% of similar nonprofits.
Liabilities / Revenue
82nd percentile
Higher debt load relative to revenue than 82% of similar nonprofits.
Net Margin
84th percentile
Higher net margin than 84% of similar nonprofits.
Top Officer Pay
98th percentile
Higher top officer pay than 98% of similar nonprofits.
Top officer pay equals 13.9% of source-year revenue.
Asset Growth
99th percentile
Faster asset growth than 99% of similar nonprofits.
Revenue Growth
72nd percentile
Faster revenue growth than 72% of similar nonprofits.
Assets
Up$362,126
Up $321,923 (+801%) from 2023
Liabilities
Down$294,653
Down $20,149 (-6.4%) from 2023
Net Assets
Up$67,473
Up $342,072 (+125%) from 2023
Revenue
Up$934,807
Up $305,126 (+48%) from 2023
Expenses
Up$592,735
Up $81,827 (+16%) from 2023
Net Income
Up$342,072
Up $223,299 (+188%) from 2023
Most recent year
2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.
Our Mission is to "add venture" capital to end extreme poverty by supporting entrepreneurs in developing countries to create jobs and build local capacity to solve some of the world's greatest problems affecting the Environment, Health, Hunger, and Water.
The Adventure Project creates jobs that empower communities in Africa to work their way out of extreme poverty for good
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Accounts Receivable | $5,000 | $326,454 | ▲ $321,454 |
| Cash and Non-Interest-Bearing Accounts | $30,688 | $29,562 | ▼ $1,126 |
| Prepaid Expenses and Deferred Charges | $1,099 | $4,075 | ▲ $2,976 |
| Inventories for Sale or Use | $2,166 | $1,385 | ▼ $781 |
| Total Assets | $40,203 | $362,126 | ▲ $321,923 |
| Other Assets Total | $1,250 | $650 | ▼ $600 |
| Liabilities | |||
| Grants Payable | $247,594 | $202,500 | ▼ $45,094 |
| Accounts Payable and Accrued Expenses | $65,958 | $91,503 | ▲ $25,545 |
| Other Liabilities | $1,250 | $650 | ▼ $600 |
| Total Liabilities | $314,802 | $294,653 | ▼ $20,149 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $-274,599 | $67,473 | ▲ $342,072 |
| Total Net Assets Fund Balance | $-274,599 | $67,473 | ▲ $342,072 |
| Total Liabilities and Net Assets / Fund Balance | $40,203 | $362,126 | ▲ $321,923 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Other Assets Org | $650 | - | - |
| Name | Title | Full / Part Time | Base | Total |
|---|---|---|---|---|
| Michael Pelehach | Chief Growth Officer | FT | $130,000 | $130,000 |
| Rebecca Straw | Executive Director | FT | $70,000 | $70,000 |
| Jody Landers | Director | - | $4,280 | $4,280 |
| Name | Title |
|---|---|
| Brady Norvall | Chair |
| Adrienne Dorison | Director |
| Albert Swantner | Director |
| Christian Borges | Director |
| Shawn Budde | Director |
| Cassie Stewart | Secretary |
| Amanda Beisel | Treasurer |
| Line Item | Amount |
|---|---|
| Salaries, Compensation, and Employee Benefits | $229,319 |
| Other Expenses | $193,416 |
| Grants and Similar Amounts Paid | $170,000 |
| Total Fundraising Expense | $83,762 |
| Professional Fundraising Fees | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Current Officers, Directors, Trustees, and Key Employees | $151,280 | $16,500 | $36,501 | $204,281 |
| Grants to Domestic Orgs | $115,000 | - | - | $115,000 |
| Fees for Services Management | $39,124 | $21,381 | $25,391 | $85,896 |
| Foreign Grants | $55,000 | - | - | $55,000 |
| Office Expenses | $6,677 | $18,884 | $3,413 | $28,974 |
| Fees for Services Accounting | $18,113 | $2,415 | $3,623 | $24,151 |
| Information Technology | $1,813 | $11,750 | $8,907 | $22,470 |
| Payroll Taxes | $13,470 | $1,796 | $2,693 | $17,959 |
| Interest | - | $16,614 | - | $16,614 |
| Other Employee Benefits | $5,420 | $629 | $1,030 | $7,079 |
| Travel | $6,728 | - | $13 | $6,741 |
| Advertising | $1,087 | $1,409 | $2,191 | $4,687 |
| Insurance | - | $2,136 | - | $2,136 |
| Occupancy | - | $600 | - | $600 |
| Other Expenses | - | $583 | - | $583 |
| Fees for Services Legal | - | $564 | - | $564 |
| Total Functional Expenses | $413,712 | $95,261 | $83,762 | $592,735 |
| Recipient | Location | Category | Purpose | Amount |
|---|---|---|---|---|
| Integrate Health | Medway, MA | 501c3 | Healthcare | $95,000 |
| Saha Global | New York, NY | 501c3 | Clean Water | $72,594 |
| Kickstart International | San Francisco, CA | 501c3 | Hunger | $25,000 |
| Living Goods | New York, NY | 501c3 | Healthcare | $10,000 |
| Region | Activity | Services | Offices | Employees | Spending |
|---|---|---|---|---|---|
| Sub-Saharan Africa | Grants to Recipients | Environmental | 0 | 0 | $12,500 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
| Liability | Amount |
|---|---|
| Lease Liabilities | $650 |
“Board meetings held on December 20, 2023, July 24, 2024 and”
“October 2, 2024.”
“Prior to the final submission of the Form 990 to the tax agencies”
“members of the governing body conducts a review.”
“No other documents are made available to the public.”
“Annually directors and officers complete and sign a statement”
“regarding existing conflicts of interest. Any person with a conflict”
“is prohibited from participating in the governing body's”
“deliberations and decisions in the related circumstance.”
“Research is conducted to offer fair, comparable and industry”
“specific salary for top management. Any changes in compensation”
“offerings of top management must be approved by the board.”
“Research is conducted to offer fair, comparable and industry”
“specific salary for top management. Any changes in compensation”
“offerings of top management must be approved by the board.”
“Expenses: $52582.00 including grants of: $0.00 Revenue: $628.00”
“The Adventure Project creates jobs that empower communities in Africa to”
“work their way out of extreme poverty, for good. We believe”
“everyone should have the opportunity to work, thrive, and build a better”
“future.”
“Hunger - an estimated 278 million people in sub-saharan Africa are”
“undernourished and about 140 million are facing acute food insecurity.”
“We equip subsistence farmers with irrigation and training so they”
“can launch profitable farming businesses. This year, we hired 30”
“irrigation agents and helped 250 subsistence farmers launch profitable”
“micro-farming enterprises in Kenya”
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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| IRS990/Desc | 0 | Health - an estimated 5 million children under 5 die every year, mostly from treatable or preventable causes. This year, we helped community health workers in Togo complete 9,125 patient visits with a major focus on pre and post natal care for newborns and expectant moms. |
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| IRS990/ProfessionalFundraisingInd | 0 | false |
| IRS990/ProgSrvcAccomActy2Grp/Desc | 0 | Climate - approximately 2.3 billion people still cook using open fires or inefficient stoves, with devastating effects on people and the planet. Smoke inhalation from traditional cooking kills 4 million people each year and disproportionately affects women and children living in poverty. This year, we trained 117 clean cookstove artisans and eco-friendly briquette makers in Kenya, while also onboarding 234 women shopkeepers as stove sales agents. |
| IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt | 0 | 58165 |
| IRS990/ProgSrvcAccomActy2Grp/GrantAmt | 0 | 12500 |
| IRS990/ProgSrvcAccomActy2Grp/RevenueAmt | 0 | 20516 |
| IRS990/ProgSrvcAccomActy3Grp/Desc | 0 | Water - over half of the world's 703 million people who lack basic drinking water live in sub-saharan Africa. As a result more than 250,000 children in sub-saharan Africa die each year because of inadequate water, sanitation, and hygiene. This year, we hired 4 water well operators and helped keep clean water flowing to more than 6,000 people in rural Ghana. |
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| IRS990/ProgSrvcAccomActy3Grp/GrantAmt | 0 | 12500 |
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| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 0 | RIGHTOFUSE ROU |
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| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 0 | LEASE LIABILITIES |
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| IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt | 0 | Sub-Saharan Africa |
| IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt | 0 | Environmental |
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| IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt | 0 | International Wires |
| IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt | 0 | Mukuru Clean Stoves |
| IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt | 0 | Sub-Saharan Africa |
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| IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt | 0 | Grant recipients sign an agreement with funding details and uses. |
| IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt | 1 | Members of the governing body review the status if the |
| IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt | 2 | grant-funded projects on a quarterly basis. |
| IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | P1, Ln 2 |
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| IRS990ScheduleI/RecipientTable/CashGrantAmt | 2 | 25000 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 3 | 10000 |
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| IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt | 3 | 0 |
| IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt | 0 | Clean Water |
| IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt | 1 | Healthcare |
| IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt | 2 | Hunger |
| IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt | 3 | Healthcare |
| IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt | 0 | SAHA GLOBAL |
| IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt | 1 | INTEGRATE HEALTH |
| IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt | 2 | KICKSTART INTERNATIONAL |
| IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt | 3 | LIVING GOODS |
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| IRS990ScheduleI/RecipientTable/RecipientEIN | 1 | 134288670 |
| IRS990ScheduleI/RecipientTable/RecipientEIN | 2 | 061613235 |
| IRS990ScheduleI/RecipientTable/RecipientEIN | 3 | 205010527 |
| IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt | 0 | 151 W 28TH STREET Ste 7W |
| IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt | 1 | PO BOX 605 |
| IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt | 2 | PO BOX 15908 |
| IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt | 3 | 1423 BROADWAY |
| IRS990ScheduleI/RecipientTable/USAddress/CityNm | 0 | New York |
| IRS990ScheduleI/RecipientTable/USAddress/CityNm | 1 | MEDWAY |
| IRS990ScheduleI/RecipientTable/USAddress/CityNm | 2 | SAN FRANCISCO |
| IRS990ScheduleI/RecipientTable/USAddress/CityNm | 3 | NEW YORK |
| IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd | 0 | NY |
| IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd | 1 | MA |
| IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd | 2 | CA |
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