Civic Intelligence

Adaptive Training Foundation

990 • Fiscal year 2023 • EIN 47-1872676

Jan 01, 2023 to Dec 31, 2023 • Filed on Mar 25, 2024

4125 Old Denton RdCarrollton, TX 75010

(214) 432-1070

Siviq Scores

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

Liabilities / Assets

38th percentile

0.02x

Higher debt load relative to assets than 38% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

35th percentile

0.03x

Higher debt load relative to revenue than 35% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

82nd percentile

29%

Higher net margin than 82% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

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

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

84th percentile

33%

Faster asset growth than 84% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

75th percentile

30%

Faster revenue growth than 75% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Up

$2,484,661

Up $612,264 (+33%) from 2022

Net Assets

Up

$2,425,237

Up $614,220 (+34%) from 2022

Liabilities

Down

$59,424

Down $1,956 (-3.2%) from 2022

Revenue

Up

$2,088,481

Up $487,474 (+30%) from 2022

Expenses

Up

$1,474,261

Up $387,948 (+36%) from 2022

Net Income

Up

$614,220

Up $99,526 (+19%) from 2022

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2015: $194,487Liabilities 2015: $5,962Net Assets 2015: $188,5252015Assets 2016: $584,270Liabilities 2016: $5,052Net Assets 2016: $579,2182016Assets 2017: $726,305Liabilities 2017: $4,115Net Assets 2017: $722,1902017Assets 2018: $645,948Liabilities 2018: $35,791Net Assets 2018: $610,1572018Assets 2019: $718,161Liabilities 2019: $36,792Net Assets 2019: $681,3692019Assets 2020: $1,068,446Liabilities 2020: $120,730Net Assets 2020: $947,7162020Assets 2021: $1,424,190Liabilities 2021: $127,867Net Assets 2021: $1,296,3232021Assets 2022: $1,872,397Liabilities 2022: $61,380Net Assets 2022: $1,811,0172022Assets 2023: $2,484,661Liabilities 2023: $59,424Net Assets 2023: $2,425,2372023Assets 2024: $3,759,904Liabilities 2024: $74,692Net Assets 2024: $3,685,2122024

Highlighted filing

2023

Assets$2,484,661
Liabilities$59,424
Net Assets$2,425,237

Operations Trend

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2015: $317,827Expenses 2015: $140,766Net Income 2015: $177,0612015Revenue 2016: $763,869Expenses 2016: $373,176Net Income 2016: $390,6932016Revenue 2017: $694,559Expenses 2017: $551,587Net Income 2017: $142,9722017Revenue 2018: $934,250Expenses 2018: $1,046,283Net Income 2018: -$112,0332018Revenue 2019: $1,411,558Expenses 2019: $1,340,346Net Income 2019: $71,2122019Revenue 2020: $1,499,741Expenses 2020: $1,117,033Net Income 2020: $382,7082020Revenue 2021: $2,223,505Expenses 2021: $1,874,898Net Income 2021: $348,6072021Revenue 2022: $1,601,007Expenses 2022: $1,086,313Net Income 2022: $514,6942022Revenue 2023: $2,088,481Expenses 2023: $1,474,261Net Income 2023: $614,2202023Revenue 2024: $3,025,325Expenses 2024: $1,765,350Net Income 2024: $1,259,9752024

Highlighted filing

2023

Revenue$2,088,481
Expenses$1,474,261
Net Income$614,220
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Mar 25, 2024
Return Version
2023v5.0
Gross Receipts
$2,088,481
Mission and Program Overview

Mission

Adaptive Training Foundations mission is to empower the human athlete, restore hope through movement, and redefine the limits of individuals with disabilities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$1,811,017$2,425,237▲ $614,220
Cash and Non-Interest-Bearing Accounts$1,472,695$2,115,476▲ $642,781
Land, Buildings, and Equipment, Net$203,645$152,495▼ $51,150
Accounts Receivable$71,057$91,690▲ $20,633
Total Assets$1,872,397$2,484,661▲ $612,264
Other Assets Total$125,000$125,000→ $0
Liabilities
Other Liabilities$60,482$58,526▼ $1,956
Accounts Payable and Accrued Expenses$898$898→ $0
Total Liabilities$61,380$59,424▼ $1,956
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,811,017$2,425,237▲ $614,220
Total Liabilities and Net Assets / Fund Balance$1,872,397$2,484,661▲ $612,264

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$152,495$230,488$382,983
Equipment-$126,673$126,673
Other Assets Org$125,000--
Compensation and Service Providers

Board Members and Trustees

NameTitle
David VoboraBoard Chair
Jim GardnerPresident
Josh LewisVice President
Andrew BurtonBoard Member
Jeff GunnBoard Member
Flo GrobergBoard Memeber
Sarah VoboraSecretary
Adam ZeitsiffTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Casto Family Partners LtdRent809 Freeny Valley Rd, Caddo, OK 74729$124,129
Revenue and Support

Revenue Composition

Contributions and Grants
$2,069,477
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$19,004
All Other Contributions
$2,069,477
Change in Net Assets
$614,220

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,088,571
Total Revenue per Audited Statements
$2,088,571
Total Revenue per Form 990
$2,088,571
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$901,975
Salaries, Compensation, and Employee Benefits$572,286
Total Fundraising Expense$71,140
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$324,900$38,224$19,112$382,236
Other Salaries and Wages$314,730$37,027$18,514$370,271
Occupancy$170,095$20,011$10,006$200,112
Advertising$121,995$14,352$7,176$143,523
Payroll Taxes$60,564$7,125$3,563$71,252
Current Officers, Directors, Trustees, and Key Employees$59,500$7,000$3,500$70,000
Other Employee Benefits$51,649$6,076$3,038$60,763
Depreciation Depletion$51,150--$51,150
Fees for Services Other$25,623$3,015$1,507$30,145
Fees for Services Legal$14,288$1,681$840$16,809
Information Technology$11,519$1,355$678$13,552
Insurance$8,732$1,027$514$10,273
Conferences and Meetings$4,076$479$240$4,795
Office Expenses$2,403$283$141$2,827
Fees for Services Accounting$1,020$120$60$1,200
Travel-$328-$328
Total Functional Expenses$1,260,515$142,606$71,140$1,474,261

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,474,261
Total Expenses per Audited Statements$1,474,261
Total Expenses per Form 990$1,474,261
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred Rent$60,453
Credit Cards Payable$-1,927
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
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
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Officer directors etc family relationship Part VI line 2

David Vobora and Sarah Vobora are spouses

Form 990 governing body review Part VI line 11

Sarah Vobora co-founder and Treasurer Adam Zeitsiff will review form prior to filing.

Conflict of interest policy compliance Part VI line 12C

A worksheet was completed at the start of each board members term to ensure they were not in conflict of interest with Adaptive Training Foundations bylawas and board members are asked at each meeting if they are still in compliance.

CEO executive director top management comp Part VI line 15A

An Executive sub-committee was formed by 4 members of the board to discuss compensation of all officers, key employees, and paid staff members.

Other officer or key employee compensation Part VI line 15B

An Executive sub-committee was formed by 4 members of the board to discuss compensation of all officers, key employees, and paid staff members.

Governing documents etc available to public Part VI line 19

The organizations governing documents, conflict of interest policy, and financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
Adaptive Training Foundation
EIN
47-1872676
Address
4125 Old Denton Rd, Carrollton, TX 75010

Signing Officer

Name
Adam Zeitsiff
Title
Treasurer
Phone
2144321070
Signed
2024-03-25
Discuss with paid preparer
No

Organization Details

Principal Officer
Adam Zeitsiff
Formed
2014
Legal Domicile
TX
Voting Board Members
9
Independent Board Members
7
Employees
9
Volunteers
100

Preparer

Firm
Douglas R McDougal PC
Address
9500 Ray White Rd Ste 200, Keller, TX 76244
Preparer
Douglas McDougal
Phone
8177151844
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IRS990/OtherExpensesGrp/FundraisingAmt11734
IRS990/OtherExpensesGrp/FundraisingAmt219112
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01035
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt13468
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt238224
IRS990/OtherExpensesGrp/ProgramServicesAmt08796
IRS990/OtherExpensesGrp/ProgramServicesAmt129475
IRS990/OtherExpensesGrp/ProgramServicesAmt2324900
IRS990/OtherExpensesGrp/TotalAmt010348
IRS990/OtherExpensesGrp/TotalAmt134677
IRS990/OtherExpensesGrp/TotalAmt2382236
IRS990/OtherLiabilitiesGrp/BOYAmt060482
IRS990/OtherLiabilitiesGrp/EOYAmt058526
IRS990/OtherRevenueMiscGrp/BusinessCd0452000
IRS990/OtherRevenueMiscGrp/Desc0Merchandise Sales
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt019004
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt019004
IRS990/OtherRevenueTotalAmt019004
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt018514
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt037027
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0314730
IRS990/OtherSalariesAndWagesGrp/TotalAmt0370271
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IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt03563
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt07125
IRS990/PayrollTaxesGrp/ProgramServicesAmt060564
IRS990/PayrollTaxesGrp/TotalAmt071252
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0Adam Zeitsiff
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt01586239
IRS990/PYExcessBenefitTransInd0false
IRS990/PYOtherExpensesAmt0572913
IRS990/PYOtherRevenueAmt014768
IRS990/PYRevenuesLessExpensesAmt0514694
IRS990/PYSalariesCompEmpBnftPaidAmt0513400
IRS990/PYTotalExpensesAmt01086313
IRS990/PYTotalRevenueAmt01601007
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0614220
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt01811017
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt02425237
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01483966
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt02103116
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt01364359
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt01618649
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt08639567
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt0102273
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt0110690
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt0128690
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0341653
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.89930
IRS990ScheduleA/PublicSupportPY170Pct00.87890
IRS990ScheduleA/PublicSupportTotal170Amt08076891
IRS990ScheduleA/SubstantialContributorsTotAmt0562676
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt02069477
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt01364359
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt01618649
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt08639567
IRS990ScheduleA/TotalSupportAmt08981220
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IRS990ScheduleD/EquipmentGrp/DepreciationAmt0126673
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0126673
IRS990ScheduleD/ExpensesSubtotalAmt01474261
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0152495
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0230488
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0382983
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0125000
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0GymOffice Security Deposit
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0-1927
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt160453
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Credit Cards Payable
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Deferred Rent
IRS990ScheduleD/RevenueSubtotalAmt02088571
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0152495
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0125000
IRS990ScheduleD/TotalExpensesPerForm990Amt01474261
IRS990ScheduleD/TotalLiabilityAmt058526
IRS990ScheduleD/TotalRevenuePerForm990Amt02088571
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02088571
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01474261
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0David Vobora and Sarah Vobora are spouses
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Sarah Vobora co-founder and Treasurer Adam Zeitsiff will review form prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A worksheet was completed at the start of each board members term to ensure they were not in conflict of interest with Adaptive Training Foundations bylawas and board members are asked at each meeting if they are still in compliance.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3An Executive sub-committee was formed by 4 members of the board to discuss compensation of all officers, key employees, and paid staff members.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4An Executive sub-committee was formed by 4 members of the board to discuss compensation of all officers, key employees, and paid staff members.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5The organizations governing documents, conflict of interest policy, and financial statements are available upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Officer directors etc family relationship Part VI line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Other officer or key employee compensation Part VI line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Governing documents etc available to public Part VI line 19
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IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsEOYAmt02484661
IRS990/TotalAssetsGrp/BOYAmt01872397
IRS990/TotalAssetsGrp/EOYAmt02484661
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt02069477
IRS990/TotalEmployeeCnt09
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt071140
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0142606
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01260515
IRS990/TotalFunctionalExpensesGrp/TotalAmt01474261
IRS990/TotalGrossUBIAmt019004
IRS990/TotalLiabilitiesBOYAmt061380
IRS990/TotalLiabilitiesEOYAmt059424
IRS990/TotalLiabilitiesGrp/BOYAmt061380
IRS990/TotalLiabilitiesGrp/EOYAmt059424
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01811017
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02425237
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt01260515
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02088481
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt019004
IRS990/TotalVolunteersCnt0100
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01872397
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02484661
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/ManagementAndGeneralAmt0328
IRS990/TravelGrp/TotalAmt0328
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false

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