Civic Intelligence

Adelante Foundation Inc

EIN 94-3329340 • 501(c)3 • Woodside, CA

Pub. 78 Eligible

Profile

The mission of adelante is to empower enterprising women the least opportunity to achieve economic self sufficiency.

37 Upenuf RoadWoodside, CA 94062

www.adelantefoundation.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

67th percentile

0.20x

Higher debt load relative to assets than 67% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

77th percentile

0.39x

Higher debt load relative to revenue than 77% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

61st percentile

10%

Higher net margin than 61% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

52nd percentile

$0

Higher top officer pay than 52% of similar nonprofits.

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

501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

62nd percentile

8.7%

Faster asset growth than 62% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

68th percentile

20%

Faster revenue growth than 68% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets67th percentile

Assets

Up

$2,607,900

Up $115,040 (+4.6%) from 2023

Liabilities

Down

$489,280

Down $7,721 (-1.6%) from 2023

Net Assets

Up

$2,118,620

Up $122,761 (+6.2%) from 2023

Operations
Liabilities / Revenue77th percentileNet Margin61st percentile

Revenue

Up

$1,354,720

Up $83,275 (+6.5%) from 2023

Expenses

Up

$1,176,352

Up $36,513 (+3.2%) from 2023

Net Income

Up

$178,368

Up $46,762 (+36%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth62nd percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$3.0M$2.0M$1.0M$0Assets 2011: $1,439,468Liabilities 2011: $843,122Net Assets 2011: $596,3462011Assets 2012: $1,477,416Liabilities 2012: $713,435Net Assets 2012: $763,9812012Assets 2013: $1,795,278Liabilities 2013: $865,432Net Assets 2013: $929,8462013Assets 2014: $1,513,475Liabilities 2014: $603,537Net Assets 2014: $909,9382014Assets 2015: $1,860,920Liabilities 2015: $762,386Net Assets 2015: $1,098,5342015Assets 2016: $2,024,510Liabilities 2016: $729,879Net Assets 2016: $1,294,6312016Assets 2017: $2,273,613Liabilities 2017: $751,500Net Assets 2017: $1,522,1132017Assets 2018: $2,315,838Liabilities 2018: $670,210Net Assets 2018: $1,645,6282018Assets 2019: $2,324,885Liabilities 2019: $641,587Net Assets 2019: $1,683,2982019Assets 2020: $2,098,055Liabilities 2020: $573,567Net Assets 2020: $1,524,4882020Assets 2021: $2,188,726Liabilities 2021: $485,693Net Assets 2021: $1,703,0332021Assets 2022: $2,294,344Liabilities 2022: $489,947Net Assets 2022: $1,804,3972022Assets 2023: $2,492,860Liabilities 2023: $497,001Net Assets 2023: $1,995,8592023Assets 2024: $2,607,900Liabilities 2024: $489,280Net Assets 2024: $2,118,6202024

Highlighted filing

2024

Assets$2,607,900
Liabilities$489,280
Net Assets$2,118,620
Open 2024 Filing

Operations Trend

Revenue Growth68th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.5M$1.0M$500K$0-$500KRevenue 2011: $860,362Expenses 2011: $765,800Net Income 2011: $94,5622011Revenue 2012: $914,667Expenses 2012: $780,379Net Income 2012: $134,2882012Revenue 2013: $1,042,355Expenses 2013: $869,490Net Income 2013: $172,8652013Revenue 2014: $923,726Expenses 2014: $943,634Net Income 2014: -$19,9082014Revenue 2015: $1,133,845Expenses 2015: $945,249Net Income 2015: $188,5962015Revenue 2016: $1,133,476Expenses 2016: $937,379Net Income 2016: $196,0972016Revenue 2017: $1,204,947Expenses 2017: $977,467Net Income 2017: $227,4802017Revenue 2018: $1,116,237Expenses 2018: $976,611Net Income 2018: $139,6262018Revenue 2019: $1,206,507Expenses 2019: $1,135,244Net Income 2019: $71,2632019Revenue 2020: $894,170Expenses 2020: $1,083,188Net Income 2020: -$189,0182020Revenue 2021: $1,061,770Expenses 2021: $923,559Net Income 2021: $138,2112021Revenue 2022: $1,060,392Expenses 2022: $1,011,670Net Income 2022: $48,7222022Revenue 2023: $1,271,445Expenses 2023: $1,139,839Net Income 2023: $131,6062023Revenue 2024: $1,354,720Expenses 2024: $1,176,352Net Income 2024: $178,3682024

Highlighted filing

2024

Revenue$1,354,720
Expenses$1,176,352
Net Income$178,368
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,607,900
Liabilities
$489,280
Net assets
$2,118,620
Revenue
$1,354,720
Expenses
$1,176,352
Net income
$178,368
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.61$0.49$2.12$1.35$1.18$0.18
2023Detailed filing. Detailed filing data is available for this year.$2.49$0.50$2.00$1.27$1.14$0.13
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.29$0.49$1.80$1.06$1.01$0.05
2021Detailed filing. Detailed filing data is available for this year.$2.19$0.49$1.70$1.06$0.92$0.14
2020Detailed filing. Detailed filing data is available for this year.$2.10$0.57$1.52$0.89$1.08$0.19
2019Detailed filing. Detailed filing data is available for this year.$2.32$0.64$1.68$1.21$1.14$0.07
2018Summary only. Only limited summary data is available for this year.$2.32$0.67$1.65$1.12$0.98$0.14
2017Detailed filing. Detailed filing data is available for this year.$2.27$0.75$1.52$1.20$0.98$0.23
2016Detailed filing. Detailed filing data is available for this year.$2.02$0.73$1.29$1.13$0.94$0.20
2015Detailed filing. Detailed filing data is available for this year.$1.86$0.76$1.10$1.13$0.95$0.19
2014Detailed filing. Detailed filing data is available for this year.$1.51$0.60$0.91$0.92$0.94$0.02
2013Summary only. Only limited summary data is available for this year.$1.80$0.87$0.93$1.04$0.87$0.17
2012Summary only. Only limited summary data is available for this year.$1.48$0.71$0.76$0.91$0.78$0.13
2011Summary only. Only limited summary data is available for this year.$1.44$0.84$0.60$0.86$0.77$0.09
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 12, 2025
Return Version
2024v5.1
Gross Receipts
$1,354,720
Mission and Program Overview

Mission

The mission of adelante is to empower enterprising women the least opportunity to achieve economic self sufficiency.

The adelante foundation, inc. Is a microfinance institution operating in honduras

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$1,939,206$1,994,095▲ $54,889
Cash and Non-Interest-Bearing Accounts$279,648$357,467▲ $77,819
Savings and Temporary Cash Investments$231,770$192,140▼ $39,630
Land, Buildings, and Equipment, Net$42,236$64,198▲ $21,962
Total Assets$2,492,860$2,607,900▲ $115,040
Liabilities
Other Liabilities$441,614$423,412▼ $18,202
Accounts Payable and Accrued Expenses$55,387$65,868▲ $10,481
Total Liabilities$497,001$489,280▼ $7,721
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,995,859$2,118,620▲ $122,761
Total Net Assets Fund Balance$1,995,859$2,118,620▲ $122,761
Total Liabilities and Net Assets / Fund Balance$2,492,860$2,607,900▲ $115,040

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$64,198$151,857$216,055
Land$0--
Compensation and Service Providers
Top Officer Pay52nd percentile

Board Members and Trustees

NameTitle
Gina CappuccittiDirector/compliance Chair
Lindsey DoolittleDirector/board President
Becky MassieDirector
David FlemingDirector
John KendallDirector
Rich MusatDirector
Sue VanderbergDirector
Anthony StoneDirector/founder
Janet LautenbergerDirector/secretary
Rich LangDirector/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$188,066
Program Service Revenue
$1,166,484
Investment Income
$170
Other Revenue
$0
All Other Contributions
$188,066
Change in Net Assets
$178,368
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$647,263
Other Expenses$529,089
Total Fundraising Expense$51,024
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$386,636$103,103$25,775$515,514
Office Expenses$61,146$16,305$4,076$81,527
Other Employee Benefits$57,114$15,230$3,808$76,152
All Other Expenses$68,369$0$0$68,369
Occupancy$45,461$12,123$3,031$60,615
Payroll Taxes$41,697$11,119$2,781$55,597
Travel$16,456$4,388$1,097$21,941
Fees for Services Accounting$12,403$3,308$827$16,538
Other Expenses$13,115$3,278$0$16,393
Depreciation Depletion$10,949$2,737$0$13,686
Advertising$0$0$3,904$3,904
Interest$1,299$346$87$1,732
Total Functional Expenses$919,523$205,805$51,024$1,176,352
International Activity

International Summary

Offices
5
Employees
52
Spending
$0

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
Central AmericaProgram ServicesLoans and Educational Support552$0
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Guaranteed Deposits$423,412
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
Filing and Contact Details

Filer

Filer Name
Adelante Foundation Inc
EIN
94-3329340
Phone
4159999647
Address
37 UPENUF ROAD, WOODSIDE, CA 94062

Signing Officer

Name
Rich Lang
Title
Treasurer
Phone
4159999647
Signed
2025-05-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rich Lang
Formed
1999
Legal Domicile
CA
Voting Board Members
10
Independent Board Members
10
Employees
1
Volunteers
0

Preparer

Firm
Tarlson & Associates
Address
220 Sansome St Ste 900, San Francisco, CA 94104
Preparer
George N Tarlson
Phone
4159565700
Supplemental Narrative

Additional Explanations

Pt VI, Line 8B

“Each meeting was documented”

Pt VI, Line 11B

“The 990 is circulated via e-mail to the executive committee of the board of directors for review and comment prior to submission.”

Pt VI, Line 12C

“The organization monitors potential conflicts of interest in its two annual meetings and reviews of the organizations finances and contracting”

Pt VI, Line 19

“The most current form 990 is available upon request and posted on the foundations web page. The honduran audited financial statements are available upon request. The 2021-2022 combined audited financial statements are available on the web site and upon request. The foundations organizational and other documents are available on request.”

Pt XII, Line 1

“NO AUDIT REQUIREMENT”

Pt VI, Line 15A

“The officers and directors of the organization are all non-compensated positions. Compensation for any other current/former paid positions are based on relative external benchmarket data and reviewed and approved annually by the executive committee”

Pt VI, Line 15B

“The officers and directors of the organization are all non-compensated positions. Compensation for any other current/former paid positions are based on relative external benchmarket data and reviewed and approved annually by the executive committee”

Financial Statement Notes

Pt X, Line 2

“The honduran government issued a decree which eliminated the tax exempt status granted to organizations such as adelante. The decree provides that the executive agency of revenue will review such status each year and make a determination regarding tax exempt status. Adelante remains in compliance with the requirements and has received the tax exempt status (exoneration) for 2014 through 2024.”

Raw XML AppendixShowing 400 of 464 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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IRS990/Desc0ADELANTE SERVES 4,000 POOR WOMEN IN RURAL HONDURAS. THE LOAN PORTFOLIO TOTALED $2.1 MILLION IN 2024. THESE LOANS FINANCE SMALL BUSINESSES TO IMPROVE THE WOMENS - AND BY EXTENSION HONDURASS - ECONOMY AND QUALITY OF LIFE. THE FOUNDATION HAS FIVE OFFICES IN THE COUNTRY, THREE OF WHICH ARE ALONG OR NEAR THE NORTH COAST IN THE DEPARTMENT OF ATLANTIDA, ONE IN THE DEPARTMENT OF INTIBUCA AND ONE IN THE DEPARTMENT OF CHOLUTECA. THE ORGANIZATION ALSO PROVIDES ONGOING TRAININGS ON VARIOUS BUSINESS TOPICS TO THE LOAN RECIPIENTS.
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IRS990/OtherExpensesGrp/ProgramServicesAmt275040
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IRS990/PrincipalOfficerNm0RICH LANG
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IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0151857
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0216055
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0GUARANTEED DEPOSITS
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE HONDURAN GOVERNMENT ISSUED A DECREE WHICH ELIMINATED THE TAX EXEMPT STATUS GRANTED TO ORGANIZATIONS SUCH AS ADELANTE. THE DECREE PROVIDES THAT THE EXECUTIVE AGENCY OF REVENUE WILL REVIEW SUCH STATUS EACH YEAR AND MAKE A DETERMINATION REGARDING TAX EXEMPT STATUS. ADELANTE REMAINS IN COMPLIANCE WITH THE REQUIREMENTS AND HAS RECEIVED THE TAX EXEMPT STATUS (EXONERATION) FOR 2014 THROUGH 2024.
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IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt0Central America
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt0LOANS AND EDUCATIONAL SUPPORT
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt0PROGRAM SERVICES
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IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt0AS PROVIDED ELSEWHERE IN THIS FORM, THE ADELANTE FOUNDATION, INC. WAS FOUNDED TO DEVELOP A MICROFINANCE INSTITUTION IN HONDURAS. MONIES ARE RAISED IN THE USA TO CAPITALIZE THE HONDURAN OPERATION FUNDING OPERATING LOSSES, EXPANSION OF THE LOAN POOL AND ADDITIONAL LOAN PRODUCTS AND SERVICES. THE HONDURAN OPERATION HAS AN ACCOUNTING SYSTEM IN PLACE TO MEASURE THE PROGRESS OF THE INSTITUTION. MONTHLY FINANCIAL STATEMENTS ARE PREPARED AND DISTRIBUTED TO OPERATING OFFICERS AND BOARD MEMBERS. BOTH THE HONDURAN AND US OPERATIONS ARE AUDITED BY AN INDEPENDENT OUTSIDE INTERNATIONALLY RECOGNIZED AUDITING AND ACCOUNTING FIRM ON A BIANNUAL BASIS.
IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt1THE DETAIL FOR PROGRAM SERVICES CAN BE FOUND IN PART IX OF THIS SUBMISSION.
IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt2REGION: HONDURAS. (E) SPECIFIC TYPES OF SERVICES IN REGION: THE PROVISION OF LOANS AND EDUCATIONAL SUPPORT TO PRIMARILY WOMEN IN RURAL HONDURAS EMPLOYING THE GRAMEEN METHODOLOGICAL MODEL.
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IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt I Line 3 Col (F)
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt I Line 3 Col (F)
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EACH MEETING WAS DOCUMENTED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE 990 IS CIRCULATED VIA E-MAIL TO THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS FOR REVIEW AND COMMENT PRIOR TO SUBMISSION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION MONITORS POTENTIAL CONFLICTS OF INTEREST IN ITS TWO ANNUAL MEETINGS AND REVIEWS OF THE ORGANIZATIONS FINANCES AND CONTRACTING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE MOST CURRENT FORM 990 IS AVAILABLE UPON REQUEST AND POSTED ON THE FOUNDATIONS WEB PAGE. THE HONDURAN AUDITED FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. THE 2021-2022 COMBINED AUDITED FINANCIAL STATEMENTS ARE AVAILABLE ON THE WEB SITE AND UPON REQUEST. THE FOUNDATIONS ORGANIZATIONAL AND OTHER DOCUMENTS ARE AVAILABLE ON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4NO AUDIT REQUIREMENT
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE OFFICERS AND DIRECTORS OF THE ORGANIZATION ARE ALL NON-COMPENSATED POSITIONS. COMPENSATION FOR ANY OTHER CURRENT/FORMER PAID POSITIONS ARE BASED ON RELATIVE EXTERNAL BENCHMARKET DATA AND REVIEWED AND APPROVED ANNUALLY BY THE EXECUTIVE COMMITTEE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE OFFICERS AND DIRECTORS OF THE ORGANIZATION ARE ALL NON-COMPENSATED POSITIONS. COMPENSATION FOR ANY OTHER CURRENT/FORMER PAID POSITIONS ARE BASED ON RELATIVE EXTERNAL BENCHMARKET DATA AND REVIEWED AND APPROVED ANNUALLY BY THE EXECUTIVE COMMITTEE
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 11b
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt XII, Line 1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Pt VI, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Pt VI, Line 15b
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