Civic Intelligence

Adei Foundation Inc.

990EZ • Fiscal year 2020 • EIN 82-2627894

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 30, 2022

Organization Profilewww.adeiinstitute.org
3179 Stockton PlacePalo Alto, CA 94303

(402) 312-4462

Siviq Scores

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

Liabilities / Assets

97th percentile

1.65x

Higher debt load relative to assets than 97% of similar nonprofits.

2020 filings • NTEE Q30 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

97th percentile

2.80x

Higher debt load relative to revenue than 97% of similar nonprofits.

2020 filings • NTEE Q30 • <$500k nonprofits • Source year 2020

Net Margin

5th percentile

-122%

Higher net margin than 5% of similar nonprofits.

2020 filings • NTEE Q30 • <$500k nonprofits • Source year 2020

Top Officer Pay

94th percentile

$53,735

Higher top officer pay than 94% of similar nonprofits.

Top officer pay equals 79.4% of source-year revenue.

2020 filings • NTEE Q30 • <$500k nonprofits • Source year 2020

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2020

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2020

Balance Sheet
Liabilities / Assets97th percentile

Assets

$115,015

No earlier filing loaded for comparison.

Net Assets

-$74,358

No earlier filing loaded for comparison.

Liabilities

$189,373

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue97th percentileNet Margin5th percentile

Revenue

$67,682

No earlier filing loaded for comparison.

Expenses

$150,484

No earlier filing loaded for comparison.

Net Income

-$82,802

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$400K$200K$0-$200K-$400KAssets 2020: $115,015Liabilities 2020: $189,373Net Assets 2020: -$74,3582020Assets 2021: $102,742Liabilities 2021: $104,865Net Assets 2021: -$2,1232021Assets 2022: $42,576Liabilities 2022: $147,031Net Assets 2022: -$104,4562022Assets 2023: $31,735Liabilities 2023: $314,390Net Assets 2023: -$282,6552023

Highlighted filing

2020

Assets$115,015
Liabilities$189,373
Net Assets-$74,358
Open 2020 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$200K$100K$0-$100K-$200KRevenue 2020: $67,682Expenses 2020: $150,484Net Income 2020: -$82,8022020Revenue 2021: $79,710Expenses 2021: $113,180Net Income 2021: -$33,4702021Revenue 2022: $72,156Expenses 2022: $141,678Net Income 2022: -$69,5222022Revenue 2023: $67,546Expenses 2023: $179,546Net Income 2023: -$112,0002023

Highlighted filing

2020

Revenue$67,682
Expenses$150,484
Net Income-$82,802
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 30, 2022
Return Version
2020v4.0
Gross Receipts
$86,378
Mission and Program Overview

Mission

Our social enterprise is powered by African diaspora who have achieved success at the highest standard of excellence internationally. These individuals extend their knowledge expertise resources and connections to deserving talents in Africa in order to duplicate their success. We are developing a pipeline of talent capable of taking advantage of the global digital economy and leveraging opportunities in their communities and beyond.

Our social enterprise is powered by African diaspora who have achieved success at the highest standard of excellence, internationally. These individuals extend their knowledge, expertise, resources, and connections to deserving talents in Africa in order to duplicate their success.

Program Services

DescriptionGrantsExpenses
We drive socio-economic development in Cte dIvoire through technology by fostering opportunities for entrepreneurs, talent and innovation. We address the two main challenges faced by tech-focused start-ups: access to capital and a qualified talent pool. While we focus on high-potential talents and ventures as well as invest long term in developing professional skills, early-stage entrepreneurs, and start-ups at all stages of their growth-$140,196
Compensation and Service Providers
Top Officer Pay94th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Odomitchi AnikpoPresident-$53,735-$53,735
Christos KritikosSecretary-$0--
Kobenan DassieCFO-$0--
Mary RaunerTrustee-$0--
Yusuf BashirTrustee-$0--
Filing and Contact Details

Filer

Filer Name
Adei Foundation inc
EIN
82-2627894
Phone
4023124462
Address
3179 Stockton Place, Palo Alto, CA 94303

Signing Officer

Name
Odomitchi Anikpo
Title
Foundation Manager
Signed
2022-11-30
Discuss with paid preparer
Yes

Preparer

Firm
Accounting Care
Address
4128 Pine Ridge Ln, Weston, FL 33331
Preparer
Gonzalo Chirinos
Phone
7869336013
Supplemental Narrative

Additional Explanations

Other Expenses.1001

“Advertising and Promotion $948”

Other Expenses.1002

“Office Expenses $1623”

Other Expenses.1005

“Travel $25813”

Other Expenses.1012

“Insurance $1411”

Other Expenses.1

“Business Permits & Fees $1163”

Other Expenses.2

“Training $1079”

Other Expenses.3

“Rent, Parking, Utilities $240”

Other Expenses.4

“Meals $102”

Other Expenses.5

“Gas $102”

Other Expenses.6

“Bank Service Charges $15”

Other Assets.1002

“Furniture and Fixtures - Beginning $9127 Furniture and Fixtures - Ending $9127”

Other Assets.1

“- Beginning $34794 - Ending $0”

Total Liabilities.1001

“Accounts Payable and Accrued Expenses - Beginning $0 Accounts Payable and Accrued Expenses - Ending $16667”

Total Liabilities.1

“Liabilities_Other - Beginning $75442 Liabilities_Other - Ending $122706”

Total Liabilities.2

“- Beginning $0 - Ending $50000”

Raw XML Appendix173 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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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3Mary Rauner
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4Yusuf Bashir
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0President
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Secretary
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2CFO
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3Trustee
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4Trustee
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt043921
IRS990EZ/OtherAssetsTotalDetail/EOYAmt09127
IRS990EZ/OtherExpensesTotalAmt032496
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0Our social enterprise is powered by African diaspora who have achieved success at the highest standard of excellence, internationally. These individuals extend their knowledge, expertise, resources, and connections to deserving talents in Africa in order to duplicate their success.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0We drive socio-economic development in Cte dIvoire through technology by fostering opportunities for entrepreneurs, talent and innovation. We address the two main challenges faced by tech-focused start-ups: access to capital and a qualified talent pool. While we focus on high-potential talents and ventures as well as invest long term in developing professional skills, early-stage entrepreneurs, and start-ups at all stages of their growth
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt0140196
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/SalariesOtherCompEmplBnftAmt082981
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/SubjectToProxyTaxInd0false
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IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt0189373
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
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IRS990EZ/TaxReimbursedByOrganizationAmt00
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IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/WebsiteAddressTxt0https://www.adeiinstitute.org/
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IRS990ScheduleA/First5Years509Ind0X
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IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt00
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt00
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
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IRS990ScheduleA/PublicSupportTotal509Amt085932
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt085932
IRS990ScheduleA/Total509Grp/TotalAmt085932
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt085932
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt085932
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Advertising and Promotion $948
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Office Expenses $1623
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Travel $25813
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Insurance $1411
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Business Permits & Fees $1163
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Training $1079
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Rent, Parking, Utilities $240
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Meals $102
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Gas $102
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9Bank Service Charges $15
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10Furniture and Fixtures - Beginning $9127 Furniture and Fixtures - Ending $9127
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11- Beginning $34794 - Ending $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12Accounts Payable and Accrued Expenses - Beginning $0 Accounts Payable and Accrued Expenses - Ending $16667
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt13Liabilities_Other - Beginning $75442 Liabilities_Other - Ending $122706
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt14- Beginning $0 - Ending $50000
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Other Expenses.1001
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other Expenses.1012
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Other Expenses.1
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Other Expenses.4
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ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Odomitchi Anikpo
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Foundation Manager
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-11-30
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Adei Foundation inc
ReturnHeader/Filer/BusinessNameControlTxt0ADEI
ReturnHeader/Filer/EIN0822627894
ReturnHeader/Filer/PhoneNum04023124462
ReturnHeader/Filer/USAddress/AddressLine1Txt03179 Stockton Place
ReturnHeader/Filer/USAddress/CityNm0Palo Alto
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd094303
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ReturnHeader/PreparerPersonGrp/PhoneNum07869336013
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Gonzalo Chirinos
ReturnHeader/ReturnTs02022-11-30T15:08:00-08:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Odomitchi
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Anikpo
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$115,015
Liabilities
$189,373
Net assets
-$74,358
Revenue
$67,682
Expenses
$150,484
Net income
-$82,802
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$0.32$3.14$2.83$0.68$1.80$1.12
2022Detailed filing. Detailed filing data is available for this year.$0.43$1.47$1.04$0.72$1.42$0.70
2021Detailed filing. Detailed filing data is available for this year.$1.03$1.05$0.02$0.80$1.13$0.33
2020Detailed filing. Detailed filing data is available for this year.$1.15$1.89$0.74$0.68$1.50$0.83