Adams Purpose FY2024 filing

Commerce City, CO · Public charity (501(c)(3)) · Since 2019 · Mental Health

✓ Tax-deductible Latest data FY2024
Revenue
$391K
▲ +88% vs prior year
Spent
$316K
To programs
64%
Net assets
$227K
By yearFY2023–FY2024
Revenue
$391K
FY2024▲ +88%
Revenue by fiscal year
FY2023$208K
FY2024$391K
FY2024$482K
Expenses
$316K
FY2024▲ +369%
Expenses by fiscal year
FY2023$67K
FY2024$316K
FY2024$439K
Net assets
$227K
FY2024▲ +49%
Net assets by fiscal year
FY2023$152K
FY2024$227K
FY2024$271K
You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2024) →

Form 990 for the fiscal year ending September 2024 (IRS tax year 2023).

Status and standing

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Foundation funders?
6 funders, incl. Caring for Denver Foundation
$675K in the latest grant year.
Spent on programs?
64% to programs
Form 990 Part IX, latest filing.
Size and trend
$100K–1M
↑ +88% vs prior year
Legal name (IRS)Hdr · item CAdams Purpose
EINHdr · item D84-3747706
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFApr 2021
Year of formationHdr · item L2019
Latest filingForm 990FY2024 · Form 990
Principal addressHdr · item CCommerce City, CO
NTEE classificationIRS BMFMental Health (F60)
WebsiteHdr · item Jwww.adamspurpose.org

Where the money goes

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.64 Management & general $0.25 Fundraising $0.12
Program services64%$200K
Management & general25%$79K
Fundraising12%$37K
Total functional expensesLn 25$316K

Financial health

Program efficiency
64%
of spending reaches programs
Operating runway
8.7mo
months of highly liquid reserves at operating expense rate
Surplus margin
+19%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Total assets
$229K
FY2024▲ +50%
Total assets by fiscal year
FY2023$152K
FY2024$229K
FY2024$301K
Total liabilities
$2K
FY2024
Total liabilities by fiscal year
FY2023$0
FY2024$2K
FY2024$31K
Revenue less expensesPt I · Ln 19$75K
Total assetsPt X · Ln 16$229K
Program-expense ratioPt IX · col B64%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45

Balance Sheet

Part X · end of year
CashLn 1$228K
Total assetsLn 16$229K
Total liabilitiesLn 26$2K
Total net assetsLn 32$227K
Months of cash on handcomputed8.7

Statement of Revenue

Part VIII
Program service revenue$269K · 69%
Contributions & grants$122K · 31%
Program service revenue69%$269K
Contributions & grants31%$122K
Investment income$2
Total revenueLn 12$391K

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $228K · Operating expenses/yr $316K
8.7 months
Where the money goes
Program services
Program services $200K · Total expenses $316K
64%
Management & General
Management & general $79K · Total expenses $316K
25%
Fundraising
Fundraising $37K · Total expenses $316K
12%
Cost to raise $1
Fundraising expense (2-yr avg) $18K · Solicited contributions (2-yr avg) $73K
$0.25 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $122K · Total revenue $391K
31%
Government reliance
Government grants — · Total revenue $391K
—
Earned-income share
Program service revenue $269K · Total revenue $391K
69%
Investment reliance
Investment income $2 · Total revenue $391K
<0.01%
Program self-sufficiency
Program service revenue $269K · Total expenses $316K
85%
Growth & trend
Revenue growth (YoY)
This year $391K · Prior year $208K
+88%
Net-asset trend (YoY)
End of year $227K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $391K · Expenses $316K
+19%
Liabilities-to-Assets
Total liabilities — · Total assets $229K
—
Net-asset ratio
Net assets $227K · Total assets $229K
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $229K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Shainika Jacobs · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $31K · Total expenses $316K
10%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $156K · Total expenses $316K
49%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 64%——
Overhead ratio 25%——
Fundraising cost ratio 30%——
Revenue growth 88%——
Legal fee ratio 4%——

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.

Leadership and pay

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Executive Director
$31,254Pt VII · Sec A
Board Treasurer
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Board President
$0Pt VII · Sec A

Shainika Jacobs’s $72K as Executive Director is at the 59th percentile of top reported officer pay among 2094 $100K–1M mental health 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 · 1 named individual · Part VII

NameFY2024FY2024FY2023
Shainika Jacobs$71,744$31,254$25,805

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.

See Adams Purpose executive salaries →

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Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b5
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

Mission and programs

Adams Purpose is a mental health nonprofit based in Commerce City, CO, formed in 2019.

Provided by the organization

This section is blank until Adams Purpose claims this page.

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Mission & Programs · Part III

Where the work happens

1 program service account for $200K of program spending, described in the organization's own filed words · FY2023.
01

Adams Purpose works to fullfill their expempt purpse through a variety of programs and initiatives such as support groups, referral to therapy and an annual conference.

$200Kprogram expense

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Funders

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

Grants

Schedule I · funders on record
Grants received · FY2024
See all 6 funders →

Filing history

YearRevenueExpensesChangeFiling
FY2024 Viewing $391K$316K+88% 990 PDF
FY2023 $208K$67K 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

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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