Civic Intelligence

Adei Foundation Inc.

990EZ • Fiscal year 2023 • EIN 82-2627894

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 16, 2024

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

(415) 857-5750

Siviq Scores

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

Liabilities / Assets

97th percentile

9.91x

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

2023 filings • NTEE Q30 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

97th percentile

4.65x

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

2023 filings • NTEE Q30 • <$500k nonprofits • Source year 2023

Net Margin

7th percentile

-166%

Higher net margin than 7% of similar nonprofits.

2023 filings • NTEE Q30 • <$500k nonprofits • Source year 2023

Top Officer Pay

83rd percentile

$0

Higher top officer pay than 83% of similar nonprofits.

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

2023 filings • NTEE Q30 • <$500k nonprofits • Source year 2023

Asset Growth

36th percentile

-25%

Faster asset growth than 36% of similar nonprofits.

2023 filings • NTEE Q30 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

50th percentile

-6.4%

Faster revenue growth than 50% of similar nonprofits.

2023 filings • NTEE Q30 • <$500k nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets97th percentile

Assets

Down

$31,735

Down $10,841 (-25%) from 2022

Net Assets

Down

-$282,655

Down $178,199 (-171%) from 2022

Liabilities

Up

$314,390

Up $167,359 (+114%) from 2022

Revenue And Expenses
Liabilities / Revenue97th percentileNet Margin7th percentile

Revenue

Down

$67,546

Down $4,610 (-6.4%) from 2022

Expenses

Up

$179,546

Up $37,868 (+27%) from 2022

Net Income

Down

-$112,000

Down $42,478 (-61%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth36th percentile

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

2023

Assets$31,735
Liabilities$314,390
Net Assets-$282,655
Open 2023 Filing

Operations Trend

Revenue Growth50th percentile

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

2023

Revenue$67,546
Expenses$179,546
Net Income-$112,000
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 16, 2024
Return Version
2023v5.1
Gross Receipts
$67,707
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.

Program Services

DescriptionGrantsExpenses
Adei Institute of Technology development and innovation center for tech entrepreneurs and tech professionals to learn connect grow and innovate.$67,707$52,832
Compensation and Service Providers
Top Officer Pay83rd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Odomitchi AnikpoExecutive Director-$0--
Kobenan DassieTreasurer-$0--
Christos KritikosSecretary-$0--
Filing and Contact Details

Filer

Filer Name
Adei Foundation Inc
EIN
82-2627894
In Care Of
% Kobenan C Dassie
Address
3179 Stockton Place, Palo Alto, CA 94303

Signing Officer

Name
Kobenan Dassie
Title
Treasurer
Signed
2024-11-16
Supplemental Narrative

Additional Explanations

Part I, line 16

“| Other Expenses:, Amount:| Facilities 32,767 ; Insurance1,267.20; Travel 58,206; Training & Education 3,395; Uncategorized Expense1,255; IoT Operating Expenses 115; Recurring Fees Dues & Subscriptions 450, $99281|”

Part II, line 24

“| Explanation:, BOYAmount:, EOYAmount:| furniture and equipment, $3651, $1825|”

Part II, line 26

“| Explanation:, BOYAmount:, EOYAmount:| Includes long term Note payables and short term reimbursable expenses, $213231, $314390|”

Raw XML Appendix147 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/TitleTxt2Secretary
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IRS990EZ/OtherExpensesTotalAmt099281
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IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0Adei Institute of Technology development and innovation center for tech entrepreneurs and tech professionals to learn connect grow and innovate.
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IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0| Other Expenses:, Amount:| Facilities 32,767 ; Insurance1,267.20; Travel 58,206; Training & Education 3,395; Uncategorized Expense1,255; IoT Operating Expenses 115; Recurring Fees Dues & Subscriptions 450, $99281|
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1| Explanation:, BOYAmount:, EOYAmount:| furniture and equipment, $3651, $1825|
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2| Explanation:, BOYAmount:, EOYAmount:| Includes long term Note payables and short term reimbursable expenses, $213231, $314390|
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Part II, line 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Part II, line 26
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/PersonNm0Kobenan Dassie
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-11-16
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Adei Foundation Inc
ReturnHeader/Filer/BusinessNameControlTxt0ADEI
ReturnHeader/Filer/EIN0822627894
ReturnHeader/Filer/ForeignPhoneNum04158575750
ReturnHeader/Filer/InCareOfNm0% Kobenan C Dassie
ReturnHeader/Filer/USAddress/AddressLine1Txt03179 Stockton Place
ReturnHeader/Filer/USAddress/CityNm0Palo Alto
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd094303
ReturnHeader/ReturnTs02024-11-16T02:31:49-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$31,735
Liabilities
$314,390
Net assets
-$282,655
Revenue
$67,546
Expenses
$179,546
Net income
-$112,000
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