Civic Intelligence

Adelante Foundation Inc

990 • Fiscal year 2014 • EIN 94-3329340

Jan 01, 2014 to Dec 31, 2014 • Filed on Nov 13, 2015

Organization Profilewww.ADELANTEFOUNDATION.ORG
280 Olive StreetDenver, CO 80220

(303) 340-0965

Siviq Scores

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

Liabilities / Assets

74th percentile

0.40x

Higher debt load relative to assets than 74% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

80th percentile

0.65x

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

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Net Margin

33rd percentile

-2.2%

Higher net margin than 33% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

34th percentile

$0

Higher top officer pay than 34% of similar nonprofits.

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

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Asset Growth

8th percentile

-16%

Faster asset growth than 8% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

20th percentile

-11%

Faster revenue growth than 20% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets74th percentile

Assets

Down

$1,513,475

Down $281,803 (-16%) from 2013

Net Assets

Down

$909,938

Down $19,908 (-2.1%) from 2013

Liabilities

Down

$603,537

Down $261,895 (-30%) from 2013

Revenue And Expenses
Liabilities / Revenue80th percentileNet Margin33rd percentile

Revenue

Down

$923,726

Down $118,629 (-11%) from 2013

Expenses

Up

$943,634

Up $74,144 (+8.5%) from 2013

Net Income

Down

-$19,908

Down $192,773 (-112%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth8th percentile

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

$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

2014

Assets$1,513,475
Liabilities$603,537
Net Assets$909,938
Open 2014 Filing

Operations Trend

Revenue Growth20th percentile

Revenue, expenses, and net income across loaded years, with this 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

2014

Revenue$923,726
Expenses$943,634
Net Income-$19,908
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Nov 13, 2015
Return Version
2014v5.0
Gross Receipts
$923,726
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$1,222,622$1,164,358▼ $58,264
Cash and Non-Interest-Bearing Accounts$422,797$118,826▼ $303,971
Land, Buildings, and Equipment, Net$140,292$112,487▼ $27,805
Savings and Temporary Cash Investments-$108,542-
Loans From Officers Directors$50,000$0▼ $50,000
Total Assets$1,795,278$1,513,475▼ $281,803
Other Assets Total$9,567$9,262▼ $305
Liabilities
Other Liabilities$392,946$410,323▲ $17,377
Unsecured Notes Loans Payable$145,500$107,500▼ $38,000
Accounts Payable and Accrued Expenses$82,470$70,590▼ $11,880
Mortgage Notes Payable Secured by Investment Property$194,516$15,124▼ $179,392
Total Liabilities$865,432$603,537▼ $261,895
Net Assets / Fund Balance
Unrestricted Net Assets$882,596$882,004▼ $592
Temporarily Rstr Net Assets$47,250$27,934▼ $19,316
Total Net Assets Fund Balance$929,846$909,938▼ $19,908
Total Liabilities and Net Assets / Fund Balance$1,795,278$1,513,475▼ $281,803

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$112,487$94,536$207,023
Compensation and Service Providers
Top Officer Pay34th percentile

Board Members and Trustees

NameTitle
Richard HayesPresident
Belkis NiswongerDirector
Bob SampleDirector
Bonnie FleimingDirector
Christianne AriasDirector
Elizabeth DalrympleDirector
Janet WiesnerDirector
John KelsenDirector
John KendallDirector
Julio CastilloDirector
Pat WiesnerDirector
Ramon RhodasDirector
Robert JohnsonDirector
Sophia AndersonDirector
Anthony StoneDirector/founder
Revenue and Support

Revenue Composition

Contributions and Grants
$188,232
Program Service Revenue
$735,494
Investment Income
$0
Other Revenue
$0
All Other Contributions
$188,232
Change in Net Assets
$-19,908

Audited Revenue Reconciliation

Revenue per Audited Statements
$923,726
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$923,726
Total Revenue per Form 990
$923,726
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$479,862
Other Expenses$463,772
Total Fundraising Expense$90,720
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$351,605$75,554$52,703$479,862
Interest$51,061$9,145-$60,206
Office Expenses$47,356$9,699-$57,055
Occupancy$38,974$7,983$1,725$48,682
Travel$26,238$5,904$7,900$40,042
Depreciation Depletion$25,508$6,470-$31,978
All Other Expenses$26,419$5,411-$31,830
Other Expenses$22,128$4,532$17,804$26,660
Fees for Services Accounting$19,915$4,128-$24,043
Fees for Services Other$3,176$1,361$10,588$15,125
Fees for Services Legal$4,473$981-$5,454
Advertising$4,131$846-$4,977
Total Functional Expenses$710,761$142,153$90,720$943,634

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$943,634
Total Expenses per Audited Statements$943,634
Total Expenses per Form 990$943,634
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

International Summary

Offices
5
Employees
43
Spending
$740,000

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
HondurasThe Offices in Honduras Are Dedicated to Program Services.The Provision of Loans and Educational Support to Primarily Women in Rural Honduras Employing the Grameen Methodological Model.543$740,000
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
Loans from Officers, Directors, Trustees, and Key Employees$50,000$0▼ $50,000
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deposits of Guarantee$410,323
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
No
Other officer compensation reviewed
No
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 A, line 2

“There are two married couples who serve on the board of directors.”

Form 990, Part VI, Section B, line 11

“The 990 is circulated via e-mail to all board members and selected executives for review and comment prior to submission.”

Form 990, Part VI, Section B, line 12C

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

Form 990, Part VI, Section C, 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 2014 audited financial statements are available on the web site and upon request. The foundations organizational and other documents are available upon request.”

Filing and Contact Details

Filer

Filer Name
Adelante Foundation Inc
EIN
94-3329340
Phone
3033400965
Address
280 OLIVE STREET, DENVER, CO 80220

Signing Officer

Name
Richard B Hayes
Title
President
Phone
3033400965
Signed
2015-11-13

Organization Details

Principal Officer
Richard B Hayes
Formed
1999
Legal Domicile
Co
Voting Board Members
15
Independent Board Members
0
Employees
5
Volunteers
0
Supplemental Narrative

Financial Statement Notes

Part X, Line 2:

“The management of adelante has not identified any uncertain tax positions that would require the recording of a liability as of december 31, 2014.”

Raw XML AppendixShowing 400 of 476 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/LegalDomicileStateCd0CO
IRS990/LoanOutstandingInd00
IRS990/LoansFromOfficersDirectorsGrp/BOYAmt050000
IRS990/LoansFromOfficersDirectorsGrp/EOYAmt00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE MISSION OF ADELANTE IS TO EMPOWER ENTERPRISING WOMEN THE LEAST OPPORTUNITY TO ACHIEVE ECONOMIC SELF SUFFICIENCY.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt0194516
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt015124
IRS990/NetAssetsOrFundBalancesBOYAmt0929846
IRS990/NetAssetsOrFundBalancesEOYAmt0909938
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt01725
IRS990/OccupancyGrp/ManagementAndGeneralAmt07983
IRS990/OccupancyGrp/ProgramServicesAmt038974
IRS990/OccupancyGrp/TotalAmt048682
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt09699
IRS990/OfficeExpensesGrp/ProgramServicesAmt047356
IRS990/OfficeExpensesGrp/TotalAmt057055
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt09567
IRS990/OtherAssetsTotalGrp/EOYAmt09262
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0FOREIGN EXCHANGE RATE L
IRS990/OtherExpensesGrp/Desc1OTHER ADMINISTRATIVE EX
IRS990/OtherExpensesGrp/Desc2VEHICLE COSTS
IRS990/OtherExpensesGrp/Desc3LOAN IMPAIRMENT
IRS990/OtherExpensesGrp/FundraisingAmt017804
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt05250
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt14889
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt24532
IRS990/OtherExpensesGrp/ProgramServicesAmt046112
IRS990/OtherExpensesGrp/ProgramServicesAmt119797
IRS990/OtherExpensesGrp/ProgramServicesAmt223868
IRS990/OtherExpensesGrp/ProgramServicesAmt322128
IRS990/OtherExpensesGrp/TotalAmt046112
IRS990/OtherExpensesGrp/TotalAmt142851
IRS990/OtherExpensesGrp/TotalAmt228757
IRS990/OtherExpensesGrp/TotalAmt326660
IRS990/OtherLiabilitiesGrp/BOYAmt0392946
IRS990/OtherLiabilitiesGrp/EOYAmt0410323
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt052703
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt075554
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0351605
IRS990/OtherSalariesAndWagesGrp/TotalAmt0479862
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0RICHARD B HAYES
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0525990
IRS990/ProgramServiceRevenueGrp/Desc0MICROCREDIT INTEREST
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0735494
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0735494
IRS990/ProgSrvcAccomActy2Grp/Desc0ADELANTE MADE OVER 6,600 EDUCATIONAL PRESENTATIONS TO ITS CLIENTS IN 2014. IT HAS FOCUSED ITS EDUCATIONAL CONTENT TOWARD BUSINESS TOPICS BASED ON THE FEEDBACK OF CLIENTS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt017171
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0176015
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt0451114
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0866340
IRS990/PYRevenuesLessExpensesAmt0172865
IRS990/PYSalariesCompEmpBnftPaidAmt0418376
IRS990/PYTotalExpensesAmt0869490
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01042355
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-19908
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0735494
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0108542
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0188233
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0176015
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt096280
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0130957
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0279150
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0870635
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct01.00000
IRS990ScheduleA/PublicSupportPY170Pct01.00000
IRS990ScheduleA/PublicSupportTotal170Amt0870635
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0188233
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0176015
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt096280
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0130957
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0279150
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0870635
IRS990ScheduleA/TotalSupportAmt0870635
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0943634
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0112487
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt094536
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0207023
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0410323
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DEPOSITS OF GUARANTEE
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0923726
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE MANAGEMENT OF ADELANTE HAS NOT IDENTIFIED ANY UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE THE RECORDING OF A LIABILITY AS OF DECEMBER 31, 2014.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0112487
IRS990ScheduleD/TotalExpensesPerForm990Amt0943634
IRS990ScheduleD/TotalLiabilityAmt0410323
IRS990ScheduleD/TotalRevenuePerForm990Amt0923726
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0923726
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0943634
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt043
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt05
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt0740000
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt0HONDURAS
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt0THE PROVISION OF LOANS AND EDUCATIONAL SUPPORT TO PRIMARILY WOMEN IN RURAL HONDURAS EMPLOYING THE GRAMEEN METHODOLOGICAL MODEL.
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt0THE OFFICES IN HONDURAS ARE DEDICATED TO PROGRAM SERVICES.
IRS990ScheduleF/BoycottCountriesInd00
IRS990ScheduleF/ContinuationSpentAmt00
IRS990ScheduleF/ContinutationTotalEmployeeCnt00
IRS990ScheduleF/ContinutationTotalOfficeCnt00
IRS990ScheduleF/ForeignCorpOwnershipInd00
IRS990ScheduleF/ForeignPartnershipInd00
IRS990ScheduleF/InterestInForeignTrustInd00
IRS990ScheduleF/PassiveForeignInvestmestCoInd00
IRS990ScheduleF/SubtotalEmployeesCnt043
IRS990ScheduleF/SubtotalOfficesCnt05
IRS990ScheduleF/SubtotalSpentAmt0740000
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 AND PROVIDING LOAN FUNDS. 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. THE HONDURAN OPERATION IS AUDITED BY AN OUTSIDE INTERNATIONALLY RECOGNIZED ACCOUNTING FIRM.
IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt1THE DETAIL FOR PROGRAM SERVICES CAN BE FOUND IN PART IX OF THIS SUBMISSION.
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, Line 2:
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc1Part I, line 3:
IRS990ScheduleF/TotalEmployeeCnt043
IRS990ScheduleF/TotalOfficeCnt05
IRS990ScheduleF/TotalSpentAmt0740000
IRS990ScheduleF/TransferToForeignCorpInd00
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THERE ARE TWO MARRIED COUPLES WHO SERVE ON THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE 990 IS CIRCULATED VIA E-MAIL TO ALL BOARD MEMBERS AND SELECTED EXECUTIVES FOR REVIEW AND COMMENT PRIOR TO SUBMISSION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION MONITORS POTENTIAL CONFLICTS OF INTEREST IN ITS TWO ANNUAL MEETINGS AND REVIEW 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 2014 AUDITED FINANCIAL STATEMENTS ARE AVAILABLE ON THE WEB SITE AND UPON REQUEST. THE FOUNDATIONS ORGANIZATIONAL AND OTHER DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, line 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0CA

Document Assets

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Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,513,475
Liabilities
$603,537
Net assets
$909,938
Revenue
$923,726
Expenses
$943,634
Net income
-$19,908
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