Adei Foundation Inc
- Assets
- $115.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Palo Alto, CA
- Founding
- 03/2019
- Data as of
- 12/2020
- EIN
- 82-2627894
Organization Overview
Adei Foundation Inc is located in Palo Alto, CA. The organization was established in 2019. According to its NTEE Classification (Q30) the organization is classified as: International Development, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Adei 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.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2020
Describe the Organization's Program Activity:
Part 3
WE DRIVE SOCIO-ECONOMIC DEVELOPMENT IN CTE DIVOIRE THROUGH TECHNOLOGY BY FOSTERING OPPORTUNITIES FOR ENTREPRENEURS, TALENT AND INNOVATION. WE ADDRESS THE TWO MAIN CHALLENGES FACED BY TECH-FOCUSED START-UPS: ACCESS TO CAPITAL AND A QUALIFIED TALENT POOL. WHILE WE FOCUS ON HIGH-POTENTIAL TALENTS AND VENTURES AS WELL AS INVEST LONG TERM IN DEVELOPING PROFESSIONAL SKILLS, EARLY-STAGE ENTREPRENEURS, AND START-UPS AT ALL STAGES OF THEIR GROWTH
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Odomitchi Anikpo President | 0 | $53,735 | |
Christos Kritikos Secretary | 0 | $0 | |
Kobenan Dassie CFO | 0 | $0 | |
Mary Rauner Trustee | 0 | $0 | |
Yusuf Bashir Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $86,378 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $67,682 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $82,981 |
| Professional fees and other payments to independent contractors | $300 |
| Occupancy, rent, utilities, and maintenance | $34,707 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $32,496 |
| Total expenses | $150,484 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $105,888 |
| Other assets | $0 |
| Total assets | $115,015 |
| Total liabilities | $189,373 |
| Net assets or fund balances | -$74,358 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Adei Foundation Inc has recieved totaling $50,556.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $25,278 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $25,278 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Asia Foundation San Francisco, CA | $76,412,898 | $96,548,436 |
Thousand Currents San Francisco, CA | $18,209,575 | $15,204,408 |
Medical Teams International Tigard, OR | $43,129,775 | $57,004,022 |
Living Goods Oakland, CA | $25,335,492 | $27,387,443 |
Transfair Usa Oakland, CA | $19,057,567 | $24,006,067 |
Hope Worldwide Ltd San Diego, CA | $8,639,959 | $19,582,305 |
World Emergency Relief San Dimas, CA | $1,123,706 | $17,740,144 |
Rippleworks Inc Redwood City, CA | $1,127,548,161 | $34,942,704 |
Project Concern International San Diego, CA | $10,331,948 | $12,210,235 |
Muso Inc San Francisco, CA | $26,014,068 | $28,737,104 |
Surgical Eye Expeditions International Inc Santa Barbara, CA | $14,555,876 | $8,599,014 |
Volunteers For Interamerican Development Assistance Berkeley, CA | $167,273 | $11,297,919 |