B-Adaptive Foundation Inc
- Assets
- $5.1k
- Revenue
- $17.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Irvine, CA
- Founding
- 04/2018
- Data as of
- 01/2021
- EIN
- 82-1709055
Organization Overview
B-Adaptive Foundation Inc is located in Irvine, CA. The organization was established in 2018. According to its NTEE Classification (N72) the organization is classified as: Special Olympics, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. B-Adaptive Foundation 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 01/2021, B-Adaptive Foundation Inc generated $17.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (33.7%) each year. All expenses for the organization totaled $4.2k during the year ending 01/2021. As we would expect to see with falling revenues, expenses have declined by (52.9%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION IS TO FOSTER THE GROWTH AND PARTICIPATION IN SPORTS FOR THOSE WHO ARE DISABLED BY PROVIDING OPPORTUNITIES AND FUNDING TO DISABLED ATHLETES TO STUDY, COMPETE AND TRAIN IN THE U.S., JAPAN AND ABROAD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MISSION IS TO FOSTER THE GROWTH AND PARTICIPATION IN SPORTS FOR THOSE WHO ARE DISABLED BY PROVIDING OPROVIDING OPPORTUNITIES AND FUNDING TO DISABLED ATHLETES TO STUDY, COMPETE AND TRAIN IN THE U.S., JAPAN AND ABROAD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Futoshi Hoshino President & CEO | OfficerTrustee | 0 | $0 |
Takayuki Sakai Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $17,474 |
| Investment income | $21 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $17,495 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $50 |
| Fees for services: Accounting | $1,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,620 |
| Advertising and promotion | -$17 |
| Office expenses | $370 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,936 |
| Travel | $27 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $4,162 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,056 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,056 |
| Accounts payable and accrued expenses | $8,774 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $8,774 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | -$3,718 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Special Olympics Southern California Inc Long Beach, CA | $22,014,782 | $14,976,482 |
Special Olympics Arizona Inc Goodyear, AZ | $7,921,552 | $5,818,236 |
Special Olympics Oregon Inc Beaverton, OR | $4,711,923 | $3,597,669 |
Special Olympics Hawaii Inc Ewa Beach, HI | $7,616,566 | $2,298,453 |
Girard Training Stables Goodyear, AZ | $17,968 | $0 |
Kick International Phoenix, AZ | $3,097 | $0 |
Transplant Games-Team Southern California Grand Terrace, CA | $43,445 | $0 |
Marie R Wolf Foundation For The Support Of Special Olympics Carson Ely, NV | $13,659 | $14,899 |
B-Adaptive Foundation Inc Irvine, CA | $5,056 | $17,495 |