Adea Foundation
- Assets
- $29.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Seattle, WA
- Founding
- 06/2006
- Data as of
- 12/2023
- EIN
- 83-0393515
Organization Overview
Adea Foundation is located in Seattle, WA. The organization was established in 2006. 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. Adea Foundation 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 12/2023, Adea Foundation generated $158.1k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 20.2% each year . All expenses for the organization totaled $151.4k during the year ending 12/2023. While expenses have increased by 20.1% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Douglas Mcfalls Director | 60 | $5,238 | |
Don Foster Board Member | 0.1 | $0 | |
Brad Sund Board Member | 0.5 | $0 | |
Todd Drummond Board Member | 0.1 | $0 | |
Peter Gilbert Board Member | 0.1 | $0 | |
Reyna Sund Board Member | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $158,086 |
| 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 | $158,086 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $5,238 |
| Professional fees and other payments to independent contractors | $981 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $648 |
| Other expenses | $944 |
| Total expenses | $151,359 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $29,375 |
| Other assets | $0 |
| Total assets | $29,375 |
| Total liabilities | $0 |
| Net assets or fund balances | $29,375 |