Adelante Center for Entrepreneurship
Nonprofit profile at a glance
- EIN
- 833751315
- IRS 990-EZ coverage
- 2020–2020
- Forms available
- Form 990-EZ 2020, Form 990-N 2019
- Location
- Waukegan, IL, USA
- Phone
- 2246565950
- Rating
- 72
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Food Banks, Pantries
Reported finances
- Revenue
- $139,189
- Expenses
- $162,842
- Assets
- $33,408
- Liabilities
- $16,119
Source: IRS Form 990-EZ. Selected filing: tax year 2020. Amounts in USD.
Leadership & pay
6 people listed
Executive titles in this filing
- Ken Barber (Executive Director)
People named in this filing
- Michael Meehan (Chairman)
- Dr Myla Patterson-Smith (Treasurer)
- James Miller (Secretary)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2020. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Adelante Center is a charitable organization that operates counseling programs for small businesses and entrepreneurs in distressed communities. Adelante is also a certified Community Development Entity that leads projects that address persistent needs in its target communities.
What it reported doing in 2020
The Post Food HUB is an innovative development project that will include food security and delivery systems. The Farm on Sheridan will serve as the base of operations for the urban farm, market and café, it will now include a food pantry, farm to school programming and a food hub that buys and sells products grown and produced nearby. It will also include space for a shared kitchen to serve as an access point for entrepreneurs and educational/training programs. Later, it may include a community kitchen serving meals as part of its hunger relief programming. Phase 1 and 2 planning began in 2020 with Phase 3 continuing in 2021.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Direct operator. The filing allocates 97% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filed totals do not add up and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 78
- Transparency & Controls: 82
- Sustainability: 12
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 81.7%; rating input score 82
- Program expense ratio: 69.8%; rating input score 70
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -17%; rating input score 8; 8th percentile among comparable filings
- Total-asset coverage ratio: 0.21; rating input score 14; 14th percentile among comparable filings
- Liabilities to assets ratio: 0.48; rating input score 15; 15th percentile among comparable filings
- Officer compensation ratio: 31%; rating input score 16; 16th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: 81.7% of revenue deployed · 69.8% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 3 filed program accomplishments · $114K in reported program spending
- Leadership: top reported pay $0 · 6 people listed
- Consistency: 8 of 9 current checks pass · 1 finding to review
- Schedules: 2 filed schedules
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Related organizations: Filed and resolved organization relationships.
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Transparency & Controls: Part I part ii net assets crosscheck did not reconcile in the filed values.
- High — Sustainability: Operating margin scored 8/100.
- High — Sustainability: Total-asset coverage ratio scored 14/100.
- High — Sustainability: Liabilities to assets ratio scored 15/100.
- High — Sustainability: Officer compensation ratio scored 16/100.