Adira Foundation EIN 82-5023726 Form 990 (PDF) Claim this org

Adira Foundation

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Invests in better lives for people with Alzheimer's, ALS, Huntington's, MS, and Parkinson's. For fiscal year 2022 it reported $191K in revenue, $2.2M in expenses, and $31K in net assets.Pt I

Type
Unknown exempt organization · Nonprofit
Location
Richmond, VA
Website
www.adirafoundation.org
Filings
3 on file (2020–2022)
Revenue
$191KFY2022
Expenses
$2.2M
Net assets
$31K
People
20
Filings
3
Updates
0
More identity details & actions ⌄
EIN  82-5023726 Unknown exempt organization Richmond, VA
Form 990 (PDF)
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Size
$100K–1M
What they do
Invests in better lives for people with Alzheimer's, ALS, Huntington's, MS, and Parkinson's.
Leadership
Greg Smiley - Until 121622 · Founder/CEO · $218K
Money in and out
$191K revenue, $2.2M expenses
Bottom line
-1036% surplus margin
Reported financial activity · FY2022
Total revenue
$191K
Pt VIII · Ln 12
Total expenses
$2.2M
Pt IX · Ln 25
Net assets
$31K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$2.0M
Where spending went · Part IX cols B–D
Program services $0.65 Management & general $0.18 Fundraising $0.17
Surplus margin
-1036%
revenue over expenses, this year▼ -5285% vs prior filing year
Program spending
65%
of expenses reach programs▼ -7% vs prior filing year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$191K
FY2022▼ -82%
Expenses
$2.2M
FY2022▲ +69%
Total assets
$46K
FY2022▼ -98%
Total liabilities
$15K
FY2022▼ -74%
Total revenue
$191K
Pt VIII · Ln 12
Total expenses
$2.2M
Pt IX · Ln 25
Net assets
$31K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$2.0M
Total assetsPt X · Ln 16$46K
Program-expense ratioPt IX · col B65%
Voting members of governing bodyPt I · Ln 39
Independent voting membersPt I · Ln 49

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CAdira Foundation
EINHdr · item D82-5023726
Principal addressHdr · item CRichmond, VA
WebsiteHdr · item Jwww.adirafoundation.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MVA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFpending

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a9
Independent voting membersPt VI · Ln 1b9
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$217,878Pt VII · Sec A
Chief Dev. & External Affairs Officer
$114,480Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Founder/CEO
$0Pt VII · Sec A

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2022FY2021FY2020
Greg Smiley - Until 121622$217,878
Greg Smiley$185,799$217,198
Marilyn Spinner$119,218$148,891
Marilyn Spinner -Until 10522$114,480

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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Mission & Programs · Part III

Where the work happens

1 program service account for $1.4M of program spending, described in the organization's own filed words · FY2022.
01

ADIRA FINANCED GRANTS TO QUALIFIED NON-PROFITS TO INVEST IN BETTER LIVES FOR PEOPLE WITH NEURODEGENERATIVE DISEASES, STARTING WITH FIVE COMMUNITIES: ALS, ALZHEIMERS AND RELATED DEMENTIAS, HUNTINGTONS, MULTIPLE SCLEROSIS, AND PARKINSONS.

$1.4Mprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$140K · 74%
Other revenue$35K · 18%
Investment income$15K · 8%
Contributions & grants74%$140K
Other revenue18%$35K
Investment income8%$15K
Total revenueLn 12$191K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.65 Management & general $0.18 Fundraising $0.17
Program services65%$1.4M
Management & general18%$384K
Fundraising17%$367K
Total functional expensesLn 25$2.2M

Balance Sheet

Part X · end of year
CashLn 1$26K
Total assetsLn 16$46K
Total liabilitiesLn 26$15K
Total net assetsLn 32$31K
Months of cash on handcomputed0.1

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $26K · Operating expenses/yr $2.2M
0.1 months
Where the money goes
Program services
Program services $1.4M · Total expenses $2.2M
65%
Management & General
Management & general $384K · Total expenses $2.2M
18%
Fundraising
Fundraising $367K · Total expenses $2.2M
17%
Cost to raise $1
Fundraising expense (3-yr avg) $248K · Solicited contributions (3-yr avg) $351K
$0.71 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $140K · Total revenue $191K
74%
Government reliance
Government grants — · Total revenue $191K
Earned-income share
Program service revenue $0 · Total revenue $191K
0%
Investment reliance
Investment income $15K · Total revenue $191K
+8%
Program self-sufficiency
Program service revenue $0 · Total expenses $2.2M
0%
Growth & trend
Revenue growth (YoY)
This year $191K · Prior year $1.1M
-82%
Net-asset trend (YoY)
End of year $31K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $191K · Expenses $2.2M
-1036%
Liabilities-to-Assets
Total liabilities — · Total assets $46K
Net-asset ratio
Net assets $31K · Total assets $46K
67%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $46K
0%
People & payroll
Highest Reported Total Compensation
Individual Greg Smiley - Until 121622 · Reported title Founder/CEO · Highest reported compensation $218K · Total expenses $2.2M
10%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $744K · Total expenses $2.2M
34%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 65%
Overhead ratio 18%
Fundraising cost ratio 262%
Revenue growth -82%
Investment management fee ratio 4%
Legal fee ratio 4%
Accounting fee ratio 3%
Fundraising fee ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2023
Total grants receivedfrom 1 funder$27
Grants paid · 25 grants · $1.0M · 2020–2022
University of PittsburghPA · FY2022$79,965
Memory Care Home SolutionsMO · FY2022$79,753
Discalced INCNY · FY2022$60,000
Aibs SparsVA · FY2022$36,803
Unitemized GrantFY2022$35,000
CaringkindNY · FY2021$25,000
Aibs SparsVA · FY2021$10,697
The Healthier United FundCO · FY2020$85,000
Senior NavigatorcomVA · FY2020$75,501
Compassionate Care Als INCMA · FY2020$75,000
I Am AlsIL · FY2020$75,000
Family Caregiver AllianceCA · FY2020$75,000
See all 25 grants →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2022 (Latest)$191K revenue · viewing · ⤓ 990 PDF
FY2021$1.1M revenue · ⤓ 990 PDF
FY2020$43K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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