The Adventure Project Corp FY2021 filing

Tax-deductible

New York, NY501(c)(3)Since 2010InternationalEIN 27-3809595Revenue $695K in FY2021

On file with the IRStheadventureproject.org228 Park Ave S Pmb 86132, 10003-1502 · New York, NYTax-exempt since Dec 2010Publicly supported charity — 170(b)(1)(A)(vi)

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501(c)(3) charity; gifts are tax-deductible.
72¢ of each $1 spent went to programs.
$255K paid to officers and key staff.
Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 6
filings with a surplus
Average deficit $6 a year · under 1% of revenue · last 6 filings
Concern: a surplus in 2 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
72%
of spending
Fine: 72% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$255K
to officers and key staff · 34% of spending
Concern: pay to officers and key staff is 34% of spending; over 30%.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.9 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $7K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$168K
226% of total assets
Concern: liabilities are 226% of assets; over 80%.
Pt X · Ln 26
Independent board members
0
of 9 voting members
Concern: none of 9 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$695K
+33% vs prior year
Spent
$761K
To programs
72%
Net assets
−$94K
By yearFY2020–FY2025
Revenue
$695K
FY2021▲ +33%
Tap a bar for its year
Revenue by fiscal year
FY2020$522K
FY2021$695K
FY2022$589K
FY2023$630K
FY2024$935K
FY2025$678K
Expenses
$761K
FY2021▲ +25%
Tap a bar for its year
Expenses by fiscal year
FY2020$610K
FY2021$761K
FY2022$876K
FY2023$511K
FY2024$593K
FY2025$698K
Net assets
−$94K
FY2021▼ -239%
Tap a bar for its year
Net assets by fiscal year
FY2020−$28K
FY2021−$94K
FY2022−$393K
FY2023−$275K
FY2024$67K
FY2025$29K

From the FY2021 Form 990 (year ending October 2021) · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Dec 2010.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

72 cents of each dollar spent went to programs.

Program services 72% · $546K Management & general 18% · $134K Fundraising 17% · $133K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

27 people listed on the 990; $255K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Executive Dir.
$83,333Pt VII · Sec A
Executive Dir.
$83,333Pt VII · Sec A
Executive Dir.
$83,333Pt VII · Sec A
Director
$1,776Pt VII · Sec A
Director
$1,776Pt VII · Sec A
Director
$1,776Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Michael Pelehach’s $130K as Chief Ops Officer is at the 91st percentile of top reported officer pay among 1636 $100K–1M international nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 5 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Michael Pelehach$130,000$130,000$130,000$127,292——
Terri Nicole Yates——$66,305$95,423——
Rebecca Straw$70,000$70,000$74,621$72,353$83,333$83,876
Ashley Dittmar$75,833—————
Jody Landers$2,083$4,280——$1,776—

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Funds entrepreneurs in developing countries to create jobs and solve global problems.

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Provided by the organization

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4 programs · $718K · in their own filed words · FY2020
01

Water

Over one-third of all wells drilled in the last twenty years are now brokeen-- 50,000 are currently broken in Africa alone. We are working with Water for People to train local well mechanics to fix and maintain wells in Uganda, as well as build pipelines to families' homes.

$202Kprogram expense
02

Water

Over one-third of all wells drilled in the last twenty years are now brokeen-- 50,000 are currently broken in Africa alone. We are working with Water for People to train local well mechanics to fix and maintain wells in Uganda, as well as build pipelines to families' homes.

$202Kprogram expense
03

Water

Over one-third of all wells drilled in the last twenty years are now brokeen-- 50,000 are currently broken in Africa alone. We are working with Water for People to train local well mechanics to fix and maintain wells in Uganda, as well as build pipelines to families' homes.

$189Kprogram expense
04

Hunger

80% of the poor Sub-Saharan Africa work as rural farmers. Each night, 75% of their children go hungry because they struggle to grow enough to feed their families. We equip farmers with irrigation pumps and drought-resistant seeds. 12-15 million farmers in Africa would benefit from irrigation.

$126Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 1 funder$7K
Grants paid · 44 grants · $2.0M · 2019–2024
Kickstart International INCCA · FY2024$100,000
Integrate Health INCNC · FY2024$45,000
Saha Global INCNY · FY2024$25,000
Integrate Health INCNC · FY2023$95,000
Saha Global INCNY · FY2023$72,594
Kickstart International INCCA · FY2023$25,000
Living GoodsCA · FY2023$10,000
Integrate Health INCNC · FY2022$45,000
Saha Global INCNY · FY2022$22,594
Integrate Health INCNC · FY2021$100,000
Individual RecipientFY2021$85,000
Saha Global INCNY · FY2021$75,000
Kickstart International INCCA · FY2021$75,000
Living GoodsCA · FY2021$50,000
Saha Global INCNY · FY2020$100,000
Saha Global INCNY · FY2020$100,000
Saha Global INCNY · FY2020$100,000
Integrate Health INCNC · FY2020$50,018
See all 44 grants →

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$695K
Ln 12
Gifts and grantsLn 1h$560K
Other incomeLn 4–11$135K
Investment incomeLn 3$15
Money outPt IX
$761K
Ln 25
Programscol B$546K
Managementcol C$134K
Fundraisingcol D$133K
Owns and owesPt X
−$94K
net assets · Ln 32
Cash and savingsLn 1–2$57K
Total assetsLn 16$74K
LiabilitiesLn 26$168K
PeoplePt VI, VII
27
listed · VII A
PaidVII A6
Voting boardVI 1a9
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$560K
Investment incomeLn 3$15
Other incomeLn 4–11$135K
Total revenueLn 12$695K
Assets in detailPt X, end of year
Cash and savings togetherLn 1–2$57K
Total assetsLn 16$74K
LiabilitiesLn 26$168K
Net assetsLn 32−$94K
OperationsPt I, VI
EmployeesI 54
VolunteersI 65
Fiscal year endsHeaderOctober
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $678K$698K−$20K$29K 990 PDF
FY2024 $935K$593K$342K$67K 990 PDF
FY2023 $630K$511K$119K−$275K 990 PDF
FY2022 $589K$876K−$288K−$393K 990 PDF
FY2021 Viewing $695K$761K−$66K−$94K 990 PDF
FY2020 $522K$610K−$88K−$28K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (1 part)
Part VI · Governance 0 of 9 board members independent, 3 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members0
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-15a Process for setting top official's payYes

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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