African Development Initiative Inc

Nonprofit profile at a glance

EIN
272494029
IRS 990-EZ coverage
2011–2016
Forms available
Form 990-EZ 2016, Form 990-N 2010
Location
Randolph, MA, USA
Rating
95
Verdict
STRONG
Rating confidence
Moderate
Sector
Ethnic, Immigrant Centers

Reported finances

Revenue
$185,902
Expenses
$184,847
Assets
$24,516
Liabilities
$6,591

Source: IRS Form 990-EZ. Selected filing: tax year 2016. Amounts in USD.

Leadership & pay

9 people listed

Executive titles in this filing

  • SANGU DELLE (PRESIDENT)

People named in this filing

  • SANGU DELLE (PRESIDENT)
  • HENRY LOUIS GATES (DIRECTOR)
  • EVELYN B HIGGINBOTHAM (DIRECTOR)

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 2016. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Adi is a social entrepreneurial 501(c)(3) non-profit organization dedicated to investing in opportunities to improve the health, education, and economies of communities in low-resource settings. The history of adi adi was co-founded in 2007 by sangu delle and darryl finkton as undergraduates at harvard university. Sangu, a native of ghana with a background in finance and economics, and darryl, from the u.s. With a biology and global health interest, aimed to combine the rigor of academic research with the utility of business to create social change and development. The first adi project, access to clean water for agyementi (acwa), did just that by proving potable water supplies, installing sanitation facilities, and promoting safe hygiene in a ghanaian village. Adi continues to fund and implement, as well as consult self-sustaining development projects in low-resource settings throughout the world. Adi was officially incorporated as a 501(c)(3) non-profit organization in 2010

What it reported doing in 2016

The organization has completed water projects in 45 communities in ghana (39 in nandom district and 6 in suham district) a social entrepreneurial approach the entrepreneurial approach has two valuable advantages: creative energy and accountability. Entrepreneurs take a risk by investing in an endeavour they believe will succeed, accepting the responsibility of providing their customers with a desirable product. The entrepreneurial approach demands us to constantly question if there is a better, more efficient, more enjoyable way of providing a good or service. With the social entrepreneurial model, we take that energy and channel it towards social good. Rather than focusing solely on profit generation, we work to ensure at the onset of our projects that the success of our work will make substantial improvements to either the educational services, health outcomes, and/or economic development where we work. We then reinvest these profits back into our communities. Self-sustaining projects adi does not give things away. While this is a common approach with many non-profit organizations, we instead seek a buy-in from the communities where we work. This of course makes our jobs much more difficult, but results in projects that provide community stakeholders with choice and a quality service from an organization that is accountable to its customers. In order to make this work, we partner with local governments, traditional leaders, locally embedded ngos, universities, the private sector, and development institutions. Together, we aim to create empowerment, not dependence. The rigor of research and academia adi is dedicated to research and financial responsibility. We understand that each community and village has its own needs and will require a unique solution. With all of our development projects, we aim to maximize the social returns on all of the resources we utilize. First, we conduct rigorous background research on the best-practices and case studies for any project we undertake. Then, we begin with a diligent formative assessment to understand the needs and demands in our communities. During the implementation of our project, we continue to evaluate our efforts, constantly using feedback from these reports to improve as we implement. Finally, we scrutinize our projects at their termination to evaluate our outcomes and ensure that we achieved what we set out to do. Using market solutions although we are a non-profit organization, we implement our projects as if we are aiming to maximize profits. Doing this ensures that our solutions to these social problems are culturally and regionally appropriate. If people do not like our products or ideas, they will not purchase them. It is then up to us to either make the product more attractive, less expensive, or easier to use for our customers. With the income generated from the sale of our products and services, we are then able to reinvest in new projects, having a recycling fund for development.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% 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

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 97
  • Transparency & Controls: 100
  • Sustainability: 31
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 96.7%; rating input score 97
  • Program expense ratio: 97.3%; rating input score 97

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: 0.6%; rating input score 36; 36th percentile among comparable filings
  • Total-asset coverage ratio: 0.13; rating input score 13; 13th percentile among comparable filings
  • Liabilities to assets ratio: 0.27; rating input score 21; 21st percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 65; 65th percentile among comparable filings

Growth

  • Program expense growth: 51.5% per year; rating input score 100; 93rd percentile among comparable filings
  • Revenue growth: 42.1% per year; rating input score 100; 95th percentile among comparable filings
  • Asset growth: 2.3% per year; rating input score 100; 39th percentile among comparable filings

Details

  • Where the money goes: 96.7% of revenue deployed · 97.3% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $180K in reported program spending
  • Leadership: top reported pay $0 · 9 people listed
  • Consistency: 8 of 8 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 6 filing years from 2011 to 2016
  • Contacts: How to reach this organization
  • 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.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • Moderate — Sustainability: Operating margin scored 36/100.
  • High — Sustainability: Total-asset coverage ratio scored 13/100.
  • High — Sustainability: Liabilities to assets ratio scored 21/100.
  • High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.