Civic Intelligence

Adira Foundation

990 • Fiscal year 2021 • EIN 82-5023726

Jan 01, 2021 to Dec 31, 2021 • Filed on Aug 25, 2022

7330 Staples Mill Road 288Richmond, VA 23228

(877) 426-0712

Siviq Scores

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

Liabilities / Assets

39th percentile

0.03x

Higher debt load relative to assets than 39% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

42nd percentile

0.06x

Higher debt load relative to revenue than 42% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

11th percentile

-19%

Higher net margin than 11% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

91st percentile

$211,799

Higher top officer pay than 91% of similar nonprofits.

Top officer pay equals 19.7% of source-year revenue.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

3rd percentile

-27%

Faster asset growth than 3% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

99th percentile

2386%

Faster revenue growth than 99% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Down

$2,118,169

Down $798,172 (-27%) from 2020

Net Assets

Down

$2,058,461

Down $303,023 (-13%) from 2020

Liabilities

Down

$59,708

Down $495,149 (-89%) from 2020

Revenue

Up

$1,074,322

Up $1,031,100 (+2386%) from 2020

Expenses

Down

$1,281,083

Down $648,334 (-34%) from 2020

Net Income

Up

-$206,761

Up $1,679,434 (+89%) from 2020

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2019: $142,611Liabilities 2019: $42,912Net Assets 2019: $99,6992019Assets 2020: $2,916,341Liabilities 2020: $554,857Net Assets 2020: $2,361,4842020Assets 2021: $2,118,169Liabilities 2021: $59,708Net Assets 2021: $2,058,4612021Assets 2022: $46,085Liabilities 2022: $15,310Net Assets 2022: $30,7752022Assets 2023: $0Net Assets 2023: $02023

Highlighted filing

2021

Assets$2,118,169
Liabilities$59,708
Net Assets$2,058,461

Operations Trend

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

$4.0M$2.0M$0-$2.0MRevenue 2019: $3,899Expenses 2019: $1,702,442Net Income 2019: -$1,698,5432019Revenue 2020: $43,222Expenses 2020: $1,929,417Net Income 2020: -$1,886,1952020Revenue 2021: $1,074,322Expenses 2021: $1,281,083Net Income 2021: -$206,7612021Revenue 2022: $190,912Expenses 2022: $2,169,415Net Income 2022: -$1,978,5032022Revenue 2023: $3,306Expenses 2023: $34,081Net Income 2023: -$30,7752023

Highlighted filing

2021

Revenue$1,074,322
Expenses$1,281,083
Net Income-$206,761
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Aug 25, 2022
Return Version
2021v4.0
Gross Receipts
$1,074,322
Mission and Program Overview

Mission

To invest in better lives for people with neurodegenerative diseases, in adira's early years, we will focus principally, though not exclusively, on five neurodegenerative diseases: als, alzheimer's and related dementias, huntington's disease, multiple sclerosis, and parkinson's disease. At adira we accelerate the design and funding of better, more integrated help for people who need it now. We assemble a handful of diseases that struggle with many of the same big things. We take them out of isolation where they're defined not by their diagnosis but by their struggle. From a bird's-eye view, we see the common themes and trends. We speak with people going through this journey to design better programs "with" them, not just "for" them. Then we fund those bigger, common problems with which they say they need the most help. Some examples of our work to date focus on caregiving, navigation of different services, disability, equity, measurements for quality of life, and mental health.

To invest in better lives for people with neurodegenerative diseases. Initially, adira foundation (adira) will focus on five neurodegenerative diseases that are highly complex and have much in common: alzheimer's disease and related dementias, als, huntington's disease, multiple sclerosis, and parkinson's disease.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$483,398$615,954▲ $132,556
Investments Other Securities$2,094,016$553,021▼ $1,540,995
Pledges and Grants Receivable-$535,749-
Cash and Non-Interest-Bearing Accounts$321,714$386,254▲ $64,540
Accounts Receivable-$13,905-
Land, Buildings, and Equipment, Net$12,699$9,487▼ $3,212
Prepaid Expenses and Deferred Charges$3,695$3,799▲ $104
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$2,916,341$2,118,169▼ $798,172
Other Assets Total$819$0▼ $819
Liabilities
Grants Payable$360,000--
Other Liabilities$133,620--
Accounts Payable and Accrued Expenses$61,237$59,708▼ $1,529
Total Liabilities$554,857$59,708▼ $495,149
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,361,484$1,262,745▼ $1,098,739
Net Assets With Donor Restrictions-$795,716-
Total Net Assets Fund Balance$2,361,484$2,058,461▼ $303,023
Total Liabilities and Net Assets / Fund Balance$2,916,341$2,118,169▼ $798,172

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$9,487$23,132$32,619
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Greg SmileyFounder/CEOFT$185,799$26,000$211,799
Marilyn SpinnerChief Dev. & External Affairs OfficerFT$119,218$26,000$145,218

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$1,005,163
Program Service Revenue
$0
Investment Income
$69,159
Other Revenue
$0
All Other Contributions
$871,543
Change in Net Assets
$-206,761

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,067,985
Revenue Not Reported on Financial Statements
$6,337
Revenue Not Reported on Form 990
$-27,961
Total Revenue per Audited Statements
$1,040,024
Total Revenue per Form 990
$1,074,322
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$829,174
Other Expenses$355,914
Grants and Similar Amounts Paid$95,995
Total Fundraising Expense$81,448
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$346,514$78,131$24,162$448,807
Current Officers, Directors, Trustees, and Key Employees$163,526$36,871$11,402$211,799
Fees for Services Accounting$29,023$87,072-$116,095
Grants to Domestic Orgs$95,995--$95,995
Other Employee Benefits$71,551$16,133$4,989$92,673
Advertising$62,758$14,151$4,376$81,285
Payroll Taxes$38,750$8,737$2,702$50,189
Fees for Services Other$2,830$8,487$28,229$39,546
Fees for Services Legal$8,632$25,897-$34,529
Pension Plan Contributions$19,847$4,475$1,384$25,706
Occupancy$7,005$1,580$488$9,073
Office Expenses$6,711$1,513$467$8,691
Fees for Service Investment Mgmnt Fees-$6,337-$6,337
Travel$4,487$1,012$313$5,812
Depreciation Depletion$3,082$695$215$3,992
Other Expenses$136$31$9$176
Total Functional Expenses$899,743$299,892$81,448$1,281,083

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,343,047
Total Expenses per Form 990$1,281,083
Expenses per Audited Statements$1,274,746
Expenses Not Reported on Form 990$68,301
Expenses Not Reported on Financial Statements$6,337
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Nat Alliance for CaregivingWashington, DC501(c)(3)Phase 2 NAC Help Me Care grant$53,298
CaringKindNew York, NY501(c)(3)Contribution to MAP project$25,000
Aibs SparsHerndon, VA501(c)(3)Pervasive Need Grant$10,697
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
No
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

Form 990, Part VI, Line 11B: Form 990 Review Process

Adira engages fractional chief financial officer (cfo) consultants to serve the financial management function, including review of business practices and financial controls in accordance with generally accepted accounting principles. Adira will look to make that job function permanent and brought in-house as our needs and capacity demands. Organization's process to review form 990: the cfo and chief executive officer (ceo) review and discuss the 990. After which they present the 990 to the board for their review before it is filed with the irs.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

Enforcement of conflicts policy: any potential conflict of interest is required to be disclosed. Each member of the board must annually declare and attest to any potential conflict of interest. At the annual meeting the board discusses those attestations and approves of how to proceed in response, in alignment with the conflict of interest policy.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

The board meets annually to determine the compensation and benefits package of the organization's ceo. The board evaluates performance relative to annual targets set. The board also factors in comparability data, cash on hand, and current independent compensation analyses. The board then approves annual compensation for the ceo and documents contemporaneous substantiation of their deliberation and decision.

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

The board works with the ceo and cfo annually to develop and approve the budget for the following fiscal year which includes a compensation for key employees.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Adira foundation makes its governing documents and conflict of interest policy available to the public through the virginia state corporation commission, other media, and is available upon request.

Filing and Contact Details

Filer

Filer Name
Adira Foundation
EIN
82-5023726
Phone
8774260712
Address
7330 STAPLES MILL ROAD 288, RICHMOND, VA 23228

Signing Officer

Name
Greg Smiley
Title
CEO
Signed
2022-08-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Greg Smiley
Formed
2018
Legal Domicile
Va
Voting Board Members
9
Independent Board Members
9
Employees
8
Volunteers
30

Preparer

Firm
CEA Scholtes and Associates
Address
106 Tunbridge Rd, Baltimore, MD 21212
Preparer
Chris Scholtes CPA
Phone
4103230010
Supplemental Narrative

Additional Explanations

FORM 990, PART III, LINE 4A, PROGRAM SERVICE ACCOMPLISHMENTS:

Since its founding, Adira Foundation continues to build and fund better and more responsive services, co-designed from the patient/caregiver point-of-view. We do that through multiple listening and learning activities, but also in funding non-profits throughout the United States in both direct awards and competitive grants. From $100,000 in Round 1 to $260,000 in Round 2, Adiras 2021 Active program year continues to grow by investing in non-profits. (Round 3 was funded in early 2022). Simply put, we ask people what they still need but arent getting, and we ask what better help would look like. Then we fund those things most important to them, and in the ways they want to see it. We take on those common, cross-cutting issues that appear too big for anyone to own, such as caregiving, mental health, navigation of services, making clinical research easier, Disability, Life after leaving the workforce, and similar issues. Moving forward, our commitment to fund better, more responsive programs comes from building Round 4 and other projects through activities such as our Neurodegenerative Disease (ND) Congress. There, At ND Congress events, we bring patients and caregiversacross multiple disease statesin congress with those stakeholders who provide those services, including private, non-profit, and public-sector entities. By the numbers in 2022, Adira monitored implementation of 17 competitive grants from two rounds of funding, nurtured 4 ongoing demonstration projects in caregiving, navigation, story collection, and Social Security Disability. We sponsored three events, one blog series, one peer support program, and reported out on extensive research project among 50+ tools measuring quality of life to find best practices and common ground, towards standardizing something more usable and responsive. Lessons from our second round of competitive grants (obligated in December 2020) led to our third round (announced in Fall 2021) for three areas: simplifying clinical research, preparing for threats to livelihood, and on building confidence and relationships by thriving again through common pursuits. Our Impact Reports detailing these annual activities can be found on our website: https://adirafoundation.org

Financial Statement Notes

Part X : FIN48 Footnote

The Foundation follows Financial Accounting Standards Board (FASB) guidance for how uncertain tax positions should be recognized, measured, disclosed, and presented in the accompanying financial statements. This requires the evaluation of tax positions taken or expected to be taken in the course of preparing the Foundations tax returns to determine whether the tax positions are morelikely-than-not of being sustained when challenged or when examined by the applicable tax authority. Tax positions not deemed to meet the more-likely-than-not threshold would be recorded as a tax expense and liability in the current year. Management evaluated the Foundations tax positions that could require adjustment to the financial statements to comply with the provisions of this guidance and concluded that the Foundation had no significant financial statement exposure to uncertain tax positions at of December 31, 2021 and 2020. The Foundation is not currently under audit by any tax jurisdiction.

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IRS990/Form990PartVIISectionAGrp/TitleTxt4Treasurer
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IRS990/MissionDesc0TO INVEST IN BETTER LIVES FOR PEOPLE WITH NEURODEGENERATIVE DISEASES, IN ADIRA'S EARLY YEARS, WE WILL FOCUS PRINCIPALLY, THOUGH NOT EXCLUSIVELY, ON FIVE NEURODEGENERATIVE DISEASES: ALS, ALZHEIMER'S AND RELATED DEMENTIAS, HUNTINGTON'S DISEASE, MULTIPLE SCLEROSIS, AND PARKINSON'S DISEASE. AT ADIRA WE ACCELERATE THE DESIGN AND FUNDING OF BETTER, MORE INTEGRATED HELP FOR PEOPLE WHO NEED IT NOW. WE ASSEMBLE A HANDFUL OF DISEASES THAT STRUGGLE WITH MANY OF THE SAME BIG THINGS. WE TAKE THEM OUT OF ISOLATION WHERE THEY'RE DEFINED NOT BY THEIR DIAGNOSIS BUT BY THEIR STRUGGLE. FROM A BIRD'S-EYE VIEW, WE SEE THE COMMON THEMES AND TRENDS. WE SPEAK WITH PEOPLE GOING THROUGH THIS JOURNEY TO DESIGN BETTER PROGRAMS "WITH" THEM, NOT JUST "FOR" THEM. THEN WE FUND THOSE BIGGER, COMMON PROBLEMS WITH WHICH THEY SAY THEY NEED THE MOST HELP. SOME EXAMPLES OF OUR WORK TO DATE FOCUS ON CAREGIVING, NAVIGATION OF DIFFERENT SERVICES, DISABILITY, EQUITY, MEASUREMENTS FOR QUALITY OF LIFE, AND MENTAL HEALTH.
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Foundation follows Financial Accounting Standards Board (FASB) guidance for how uncertain tax positions should be recognized, measured, disclosed, and presented in the accompanying financial statements. This requires the evaluation of tax positions taken or expected to be taken in the course of preparing the Foundations tax returns to determine whether the tax positions are morelikely-than-not of being sustained when challenged or when examined by the applicable tax authority. Tax positions not deemed to meet the more-likely-than-not threshold would be recorded as a tax expense and liability in the current year. Management evaluated the Foundations tax positions that could require adjustment to the financial statements to comply with the provisions of this guidance and concluded that the Foundation had no significant financial statement exposure to uncertain tax positions at of December 31, 2021 and 2020. The Foundation is not currently under audit by any tax jurisdiction.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
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