Civic Intelligence

Aded Inc.

990 • Fiscal year 2023 • EIN 38-2238749

Jan 01, 2023 to Dec 31, 2023 • Filed on May 05, 2024

200 First Ave NW Ste 505Hickory, NC 28601

(828) 855-1623

Siviq Scores

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

Liabilities / Assets

48th percentile

0.01x

Higher debt load relative to assets than 48% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Liabilities / Revenue

45th percentile

0.01x

Higher debt load relative to revenue than 45% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Net Margin

31st percentile

-4.7%

Higher net margin than 31% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Top Officer Pay

87th percentile

$100,699

Higher top officer pay than 87% of similar nonprofits.

Top officer pay equals 14.3% of source-year revenue.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Asset Growth

25th percentile

-5.6%

Faster asset growth than 25% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Revenue Growth

33rd percentile

-2.9%

Faster revenue growth than 33% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Assets

Down

$603,811

Down $35,614 (-5.6%) from 2022

Net Assets

Down

$595,845

Down $32,970 (-5.2%) from 2022

Liabilities

Down

$7,966

Down $2,644 (-25%) from 2022

Revenue

Down

$703,277

Down $21,185 (-2.9%) from 2022

Expenses

Down

$736,247

Down $21,360 (-2.8%) from 2022

Net Income

Up

-$32,970

Up $175 (+0.5%) from 2022

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0-$200KAssets 2010: $364,388Liabilities 2010: $1,040Net Assets 2010: $363,3482010Assets 2011: $400,424Liabilities 2011: $690Net Assets 2011: $399,7342011Assets 2012: $472,087Liabilities 2012: $272Net Assets 2012: $471,8152012Assets 2013: $513,747Liabilities 2013: $1,876Net Assets 2013: $511,8712013Assets 2014: $548,073Liabilities 2014: -$1,046Net Assets 2014: $549,1192014Assets 2015: $552,690Liabilities 2015: $845Net Assets 2015: $551,8452015Assets 2016: $550,962Liabilities 2016: $3,372Net Assets 2016: $547,5902016Assets 2017: $569,190Liabilities 2017: $14,134Net Assets 2017: $555,0562017Assets 2018: $526,292Liabilities 2018: $4,954Net Assets 2018: $521,3382018Assets 2019: $565,372Liabilities 2019: $12,228Net Assets 2019: $553,1442019Assets 2020: $619,176Liabilities 2020: $40,993Net Assets 2020: $578,1832020Assets 2021: $680,720Liabilities 2021: $18,760Net Assets 2021: $661,9602021Assets 2022: $639,425Liabilities 2022: $10,610Net Assets 2022: $628,8152022Assets 2023: $603,811Liabilities 2023: $7,966Net Assets 2023: $595,8452023Assets 2024: $700,069Liabilities 2024: $25,998Net Assets 2024: $674,0712024

Highlighted filing

2023

Assets$603,811
Liabilities$7,966
Net Assets$595,845

Operations Trend

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

$800K$600K$400K$200K$0-$200KExpenses 2010: $328,7982010Expenses 2011: $392,8152011Expenses 2012: $366,5302012Revenue 2013: $514,557Expenses 2013: $474,501Net Income 2013: $40,0562013Revenue 2014: $531,655Expenses 2014: $494,407Net Income 2014: $37,2482014Revenue 2015: $584,495Expenses 2015: $581,771Net Income 2015: $2,7242015Revenue 2016: $672,367Expenses 2016: $676,622Net Income 2016: -$4,2552016Revenue 2017: $654,529Expenses 2017: $647,063Net Income 2017: $7,4662017Revenue 2018: $669,171Expenses 2018: $702,889Net Income 2018: -$33,7182018Revenue 2019: $642,711Expenses 2019: $610,905Net Income 2019: $31,8062019Revenue 2020: $461,822Expenses 2020: $436,783Net Income 2020: $25,0392020Revenue 2021: $505,059Expenses 2021: $421,282Net Income 2021: $83,7772021Revenue 2022: $724,462Expenses 2022: $757,607Net Income 2022: -$33,1452022Revenue 2023: $703,277Expenses 2023: $736,247Net Income 2023: -$32,9702023Revenue 2024: $761,018Expenses 2024: $682,792Net Income 2024: $78,2262024

Highlighted filing

2023

Revenue$703,277
Expenses$736,247
Net Income-$32,970
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
May 5, 2024
Return Version
2023v5.0
Gross Receipts
$703,277
Mission and Program Overview

Mission

The purpose is to provide conferences, courses, and general operations to disseminate information to professionals relative to driver education for the disabled, including a certification program for professionals.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$628,815$595,845▼ $32,970
Cash and Non-Interest-Bearing Accounts$504,362$468,605▼ $35,757
Investments in Publicly Traded Securities$129,946$129,946→ $0
Accounts Receivable$-133$10▲ $143
Total Assets$639,425$603,811▼ $35,614
Other Assets Total$5,250$5,250→ $0
Liabilities
Accounts Payable and Accrued Expenses$10,610$7,966▼ $2,644
Total Liabilities$10,610$7,966▼ $2,644
Net Assets / Fund Balance
Total Net Assets Fund Balance$628,815$595,845▼ $32,970
Total Liabilities and Net Assets / Fund Balance$639,425$603,811▼ $35,614

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$4,337$4,337
Other Assets Org$5,250--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Elizabeth SolesExecutive DirectorFT$100,699$100,699

Board Members and Trustees

NameTitle
Jill ScleasePast President
Kate LopezPresident
Katy GreenePresident Elect
Jannette ConradCorporate Rep
Kathy WoodsMember at Large
Nikki SimmonsMember at Large
Katie HarknessMobility Equip
Staci FrazierSecretary
Peggy GannonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$207,893
Program Service Revenue
$495,384
Investment Income
$0
Other Revenue
$0
All Other Contributions
$22,466
Change in Net Assets
$-32,970
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$468,947
Salaries, Compensation, and Employee Benefits$267,300
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$139,307--$139,307
Conferences and Meetings$131,941--$131,941
Current Officers, Directors, Trustees, and Key Employees$109,855--$109,855
All Other Expenses$82,023--$82,023
Office Expenses$57,297--$57,297
Travel$37,593--$37,593
Other Expenses$37,149--$37,149
Payroll Taxes$18,138--$18,138
Advertising$15,482--$15,482
Occupancy$10,600--$10,600
Fees for Services Legal$5,148--$5,148
Insurance$3,831--$3,831
Fees for Services Accounting$2,843--$2,843
Information Technology$1,526--$1,526
Total Functional Expenses$736,247$0$0$736,247
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
Backup withholding compliance
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
Yes
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

Members or stockholder classes and rights Part VI line 6

Membership is granted by payment of dues, which entitles the member to participate in education classes and have access to research material. The organization is run by a board of directors which is elected by the membership.

Member election for additional members Part VI line 7A

Members are allowed to nominate themselves or another member for a position on the board. Members then vote on the slate of officers.

Form 990 governing body review Part VI line 11

Form 990 is reviewed by the treasurer and executive director and signed by the executive director. It is available for review and inspection by other board members and members upon request.

Conflict of interest policy compliance Part VI line 12C

All candidate and current board members, committee members, executive director(s), contractors and staff (person) whose work or service to the aded association would cause applicability to the conflict of interst policy has a responsibility to complete a conflict of interest form when completing a consent to run for or on appointment to board, committee, contractor or staff position. If the person is not sure if a conflict of interest exists, the person shall, not withstanding their uncertainty, disclose their interest. The completed form will go to the past president who will review the form and determine if further board action is necessary at this time.

CEO executive director top management comp Part VI line 15A

Aded employs up to five staff members: executive officer, director of education & training, education coordinator, membership coordinator, and clerical assistant. Executive director salary and compensation are determined by a thorough review of existing compensation packages for comparable sized associations. An ad hoc compensation committee is established annually to review executive director compensation and make recommendations for board consideration.

Governing documents etc available to public Part VI line 19

Governing documents are available for inspection upon request in the office of the executive director in north carolina.

Filing and Contact Details

Filer

Filer Name
Aded Inc
EIN
38-2238749
Address
200 FIRST AVE NW STE 505, HICKORY, NC 28601

Signing Officer

Name
ELIZABETH Soles
Title
Executive Direc
Phone
8288551672
Signed
2024-05-05
Discuss with paid preparer
Yes

Organization Details

Formed
1995
Legal Domicile
Nc
Voting Board Members
9
Independent Board Members
0
Employees
4

Preparer

Firm
Patricia a Henson CPA Pa
Address
1166 CARMEL CIRCLE UNIT 220, Casselberry, FL 32707-6455
Preparer
Patricia a Henson
Phone
4076733450
Supplemental Narrative

Additional Explanations

List of other expenses Part IX line 24E

See detail of $225,662 other expenses on overflow statement.

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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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IRS990/Form990PartVIISectionAGrp/TitleTxt0EXECUTIVE DIRECTOR
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$7.00$0.26$6.74$7.61$6.83$0.78
2023Detailed filing. Detailed filing data is available for this year.$6.04$0.08$5.96$7.03$7.36$0.33
2022Detailed filing. Detailed filing data is available for this year.$6.39$0.11$6.29$7.24$7.58$0.33
2021Detailed filing. Detailed filing data is available for this year.$6.81$0.19$6.62$5.05$4.21$0.84
2020Detailed filing. Detailed filing data is available for this year.$6.19$0.41$5.78$4.62$4.37$0.25
2019Detailed filing. Detailed filing data is available for this year.$5.65$0.12$5.53$6.43$6.11$0.32
2018Detailed filing. Detailed filing data is available for this year.$5.26$0.05$5.21$6.69$7.03$0.34
2017Detailed filing. Detailed filing data is available for this year.$5.69$0.14$5.55$6.55$6.47$0.07
2016Detailed filing. Detailed filing data is available for this year.$5.51$0.03$5.48$6.72$6.77$0.04
2015Detailed filing. Detailed filing data is available for this year.$5.53$0.01$5.52$5.84$5.82$0.03
2014Detailed filing. Detailed filing data is available for this year.$5.48$0.01$5.49$5.32$4.94$0.37
2013Detailed filing. Detailed filing data is available for this year.$5.14$0.02$5.12$5.15$4.75$0.40
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.72$0.00$4.72$3.67
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.00$0.01$4.00$3.93
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.64$0.01$3.63$3.29