Addo Institute Inc
- Assets
- $33.5k
- Revenue
- $146.0k
- Investments
- $0.0
- Employees
- 2
- Location
- Atlanta, GA
- Founding
- 05/2012
- Data as of
- 12/2022
- EIN
- 30-0689824
Organization Overview
Addo Institute Inc is located in Atlanta, GA. The organization was established in 2012. According to its NTEE Classification (O53) the organization is classified as: Youth Development - Business, under the broad grouping of Youth Development and related organizations. As of 12/2022, Addo Institute Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Addo Institute Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Addo Institute Inc generated $146.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (7.6%) each year. All expenses for the organization totaled $134.2k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (12.6%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
STUDENT LEADERSHIP - WE WERE ABLE TO PROVIDE GRANTS TO MORE THAN 200 SCHOOLS IN 33 STATES TO FUND STUDENT IMPACT PROJECTS IN THEIR LOCAL COMMUNITIES. COLLECTIVELY, THESE PROJECTS INVOLVED MORE THAN 800,000 INDIVIDUALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jonathan Gravesen President | 1.5 | $0 | |
Kevin Scott Secretary-Tr | 1.5 | $0 | |
Josh Paradis Board Member | 0.25 | $0 | |
Matt Elliott Board Member | 0.25 | $0 | |
David Nicholas Board Member | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $146,000 |
| Interest on Savings | $20 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $146,020 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $132,939 |
| Total operating and administrative expenses | $134,152 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $134,152 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,492 |
| Savings and temporary cash investments | $17,977 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $33,469 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |