Civic Intelligence

Adira Foundation

990 • Fiscal year 2022 • EIN 82-5023726

Jan 01, 2022 to Dec 31, 2022 • Filed on Feb 17, 2023

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

87th percentile

0.33x

Higher debt load relative to assets than 87% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

80th percentile

0.08x

Higher debt load relative to revenue than 80% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

2nd percentile

-1036%

Higher net margin than 2% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

99th percentile

$244,878

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 128.3% of source-year revenue.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

3rd percentile

-98%

Faster asset growth than 3% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

5th percentile

-82%

Faster revenue growth than 5% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Assets

Down

$46,085

Down $2,072,084 (-98%) from 2021

Net Assets

Down

$30,775

Down $2,027,686 (-99%) from 2021

Liabilities

Down

$15,310

Down $44,398 (-74%) from 2021

Revenue

Down

$190,912

Down $883,410 (-82%) from 2021

Expenses

Up

$2,169,415

Up $888,332 (+69%) from 2021

Net Income

Down

-$1,978,503

Down $1,771,742 (-857%) from 2021

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

2022

Assets$46,085
Liabilities$15,310
Net Assets$30,775

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

2022

Revenue$190,912
Expenses$2,169,415
Net Income-$1,978,503
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Feb 17, 2023
Return Version
2022v4.1
Gross Receipts
$190,912
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$615,954$0▼ $615,954
Investments Other Securities$553,021$0▼ $553,021
Pledges and Grants Receivable$535,749$0▼ $535,749
Cash and Non-Interest-Bearing Accounts$386,254$25,892▼ $360,362
Accounts Receivable$13,905$11,093▼ $2,812
Land, Buildings, and Equipment, Net$9,487$0▼ $9,487
Prepaid Expenses and Deferred Charges$3,799$9,062▲ $5,263
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$2,118,169$46,085▼ $2,072,084
Other Assets Total-$38-
Liabilities
Accounts Payable and Accrued Expenses$59,708$15,310▼ $44,398
Total Liabilities$59,708$15,310▼ $44,398
Net Assets / Fund Balance
Net Assets With Donor Restrictions$795,716--
Net Assets Without Donor Restrictions$1,262,745$30,775▼ $1,231,970
Total Net Assets Fund Balance$2,058,461$30,775▼ $2,027,686
Total Liabilities and Net Assets / Fund Balance$2,118,169$46,085▼ $2,072,084
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Greg Smiley - Until 121622Founder/CEOFT$217,878$27,000$244,878
Marilyn Spinner -until 10522Chief Dev. & External Affairs OfficerFT$114,480$26,844$141,324

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$140,363
Program Service Revenue
$0
Investment Income
$15,247
Other Revenue
$35,302
All Other Contributions
$140,363
Change in Net Assets
$-1,978,503
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,108,756
Salaries, Compensation, and Employee Benefits$744,138
Total Fundraising Expense$367,069
Grants and Similar Amounts Paid$316,521
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$195,892$39,259$119,075$354,226
Grants to Domestic Orgs$281,521--$281,521
Current Officers, Directors, Trustees, and Key Employees$135,421$27,140$82,317$244,878
Travel$44,138$23,144$37,004$104,286
Fees for Services Legal-$90,561-$90,561
Other Employee Benefits$45,967$9,212$27,942$83,121
Advertising$3,666$4,834$73,902$82,402
Fees for Services Accounting-$74,268-$74,268
Fees for Services Other$250$40,740$4,708$45,698
Payroll Taxes$23,719$4,754$14,418$42,891
Grants to Domestic Individuals$35,000--$35,000
Occupancy-$26,578-$26,578
Other Expenses$2$21,999$891$22,892
All Other Expenses$14,728$5,768-$20,496
Pension Plan Contributions$10,520$2,108$6,394$19,022
Office Expenses$240$7,992$418$8,650
Depreciation Depletion-$3,720-$3,720
Fees for Service Investment Mgmnt Fees-$2,048-$2,048
Total Functional Expenses$1,418,221$384,125$367,069$2,169,415
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
University of PittsburghPittsburgh, PA501(c)(3)School of Nursing competitive$79,965
Memory Care Home SolutionsSaint Louis, MO501(c)(3)Pervasive Needs Grant$79,753
Discalced IncBrooklyn, NY501(c)(3)Pervasive Needs Grants$60,000
Aibs SparsHerndon, VA501(c)(3)Pervasive Need Grant$36,803
Institute for Public HealthWashington, DC501(c)(3)Rural Neurodegenerative Support$25,000
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
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, Section B, Line 11B

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, Section B, Line 12C

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, Section B, Line 15A

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, Section B, Line 15B

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, Section C, Line 19

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
Dr Cynthia Gomez
Title
Chair
Signed
2023-02-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dr Cynthia Gomez
Formed
2018
Legal Domicile
Va
Voting Board Members
9
Independent Board Members
9
Employees
9
Volunteers
9

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:

Adira Foundation made significant, consequential impact before entering dissolution at the end of 2022. During the short time we were active, we completed 5 special projects, awarded 20 grants, held 3 neurodegenerative disease congress events, assessed fifty quality of life measurement tools, hosted numerous listening and learning events, and issued substantive reports, all culminating in our final ND Congress Report as well as our Blueprint for Action. Both of these reports as well as details on all of our activities can be found on our legacy website: https://adirafoundation.org SINCE ITS FOUNDING, ADIRA FOUNDATION AIMED TO BUILD AND FUND BETTER AND MORE RESPONSIVE SERVICES, CO-DESIGNED FROM THE PATIENT/CAREGIVER POINT-OF-VIEW. WE did that 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. In 2022, we implemented a third round of competitive grantmaking on three key topics: simplifying clinical research, preparing for financial threats, and helping people thrive again. This third round of $281,521 WAS FUNDED IN EARLY 2022. SIMPLY PUT, WE ASKed PEOPLE WHAT THEY STILL NEED BUT ARENT GETTING, AND WE ASKed WHAT BETTER HELP WOULD LOOK LIKE. THEN WE FUNDed THOSE THINGS MOST IMPORTANT TO THEM, AND IN THE WAYS THEY WANT TO SEE IT. WE Took 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. Our aim for the future had been to build Round 4 and other activities by bringing patients and caregivers with lived expertise in congress with those with career expertise to design better help together. We did this through three ND Congress events throughout 2022. Unfortunately, we were forced to close at the end of the year before being able to action a Round 4 of competitive grants. Again, OUR IMPACT REPORTS DETAILING all of these ACTIVITIES CAN BE FOUND ON OUR legacy WEBSITE: HTTPS://ADIRAFOUNDATION.ORG.

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IRS990/Form990PartVIISectionAGrp/TitleTxt5Secretary
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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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