Civic Intelligence

Adei Foundation Inc.

990EZ • Fiscal year 2022 • EIN 82-2627894

Jan 01, 2022 to Dec 31, 2022 • Filed on Apr 15, 2025

Organization Profilewww.adeiinstitute.org
514 F Street NEWashington, DC 20002

(415) 857-5750

Siviq Scores

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

Liabilities / Assets

97th percentile

3.45x

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

2022 filings • NTEE Q30 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

98th percentile

2.04x

Higher debt load relative to revenue than 98% of similar nonprofits.

2022 filings • NTEE Q30 • <$500k nonprofits • Source year 2022

Net Margin

10th percentile

-96%

Higher net margin than 10% of similar nonprofits.

2022 filings • NTEE Q30 • <$500k nonprofits • Source year 2022

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

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

2022 filings • NTEE Q30 • <$500k nonprofits • Source year 2022

Asset Growth

9th percentile

-59%

Faster asset growth than 9% of similar nonprofits.

2022 filings • NTEE Q30 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

42nd percentile

-9.5%

Faster revenue growth than 42% of similar nonprofits.

2022 filings • NTEE Q30 • <$500k nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets97th percentile

Assets

Down

$42,576

Down $60,166 (-59%) from 2021

Net Assets

Down

-$104,456

Down $102,333 (-4820%) from 2021

Liabilities

Up

$147,031

Up $42,166 (+40%) from 2021

Revenue And Expenses
Liabilities / Revenue98th percentileNet Margin10th percentile

Revenue

Down

$72,156

Down $7,554 (-9.5%) from 2021

Expenses

Up

$141,678

Up $28,498 (+25%) from 2021

Net Income

Down

-$69,522

Down $36,052 (-108%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth9th 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

2022

Assets$42,576
Liabilities$147,031
Net Assets-$104,456
Open 2022 Filing

Operations Trend

Revenue Growth42nd 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

2022

Revenue$72,156
Expenses$141,678
Net Income-$69,522
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Apr 15, 2025
Return Version
2022v5.0
Gross Receipts
$72,553
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.

Adei Institute of Technology development and innovation center for tech entrepreneurs and tech professionals to learn, connect, grow and innovate.

Program Services

DescriptionGrantsExpenses
Adei Institute of Technology is developing a pipeline of talent capable of taking advantage of the global digital economy$0$121,749
Compensation and Service Providers
Top Officer Pay81st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Odomitchi AnikpoPresident-$0--
Mary RaunerTrustee-$0--
Christos KritikosSecretary-$0--
Cedric Kobenan DassieTreasurer-$0--
Filing and Contact Details

Filer

Filer Name
Adei Foundation Inc
EIN
82-2627894
Phone
4158575750
Address
514 F Street NE, Washington, DC 20002

Signing Officer

Name
Odomitchi Anikpo
Title
President
Phone
4158575750
Signed
2025-04-15
Supplemental Narrative

Additional Explanations

Part I, Line 16

“606 Computer & Internet Expenses 36.00 624 Bank Service Charges 200.00 640 Advertising/Promotional 166.57 650 Insurance 1411.00 655 Travel 4225.94 668 Training & Education 1298.91 699 Uncategorized Expense 219.25”

Part I, Line 20

“-1,825.36 Depreciation computer equipment”

Part II, Line 24

“Depreciated Fixed assets (computer equipment)”

Part II, Line 26

“Current Liabiities : 231 Reimbursable Expenses 12,236.14 281 Adei Foundation Cte d'Ivoire 35,945.61 Long Term Liabilities 710 SBA EIDL Loan 98,800.00”

Raw XML Appendix133 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/BooksInCareOfDetail/USAddress/CityNm0Washington
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0President
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3Treasurer
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt05476
IRS990EZ/OtherAssetsTotalDetail/EOYAmt03651
IRS990EZ/OtherChangesInNetAssetsAmt0-1825
IRS990EZ/OtherEmployeePaidOver100kCnt00
IRS990EZ/OtherExpensesTotalAmt07558
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0Adei Institute of Technology development and innovation center for tech entrepreneurs and tech professionals to learn, connect, grow and innovate.
IRS990EZ/PrintingPublicationsPostageAmt012
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IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0www.adeiinstitute.org
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt016288
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt025534
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IRS990ScheduleA/PublicOrganization170Ind0X
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0606 Computer & Internet Expenses 36.00 624 Bank Service Charges 200.00 640 Advertising/Promotional 166.57 650 Insurance 1411.00 655 Travel 4225.94 668 Training & Education 1298.91 699 Uncategorized Expense 219.25
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1-1,825.36 Depreciation computer equipment
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Depreciated Fixed assets (computer equipment)
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Current Liabiities : 231 Reimbursable Expenses 12,236.14 281 Adei Foundation Cte d'Ivoire 35,945.61 Long Term Liabilities 710 SBA EIDL Loan 98,800.00
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Part I, Line 20
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Part II, Line 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Part II, Line 26
ReasonableCauseExplanation/ExplanationTxt0Our organization suffered consecutive failures from 4 hired accountants in 2020 which generated a backlog and created a sizable effort to sanitize our books. A specialized accounting firm was hired in Q3 2021 and assisted us over the next 18+ months. They filed the delayed 2019 and 2020 returns and prepared our 2021 return. Unfortunately, a dispute with the firm over denying responsibility for 2020 tax filing errors led to a termination of the relationship, another significant setback, which suspended the filing of the 2021 return. Considering we had already spent over $10 000 in accounting fees, our ability to seek further professional assistance was limited. Out of caution, we first conducted a multi year revision of our accounting, internally. This internal ramp up effort was slow but it allowed us to first correct prior filings, but this also delayed our 2022 fling.
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/PersonNm0Odomitchi Anikpo
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum04158575750
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-04-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ADEI FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0ADEI
ReturnHeader/Filer/EIN0822627894
ReturnHeader/Filer/PhoneNum04158575750
ReturnHeader/Filer/USAddress/AddressLine1Txt0514 F Street NE
ReturnHeader/Filer/USAddress/CityNm0Washington
ReturnHeader/Filer/USAddress/StateAbbreviationCd0DC
ReturnHeader/Filer/USAddress/ZIPCd020002
ReturnHeader/ReturnTs02025-04-16T01:18:47Z
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$42,576
Liabilities
$147,031
Net assets
-$104,456
Revenue
$72,156
Expenses
$141,678
Net income
-$69,522
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