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Nonprofiteer
← ADVENTURE PROJECT CORP

Form 990 for tax year 2024

Filed by ADVENTURE PROJECT CORP.

Totals

Total revenue
$678,383
Total expenses
$697,914
Contributions and grants received
$655,830
Grants paid
$130,000
Program service revenue
$0
Investment income
$5
Other revenue
$22,548
Total assets, end of year
$332,909
Total liabilities, end of year
$304,100
Net assets or fund balances, end of year
$28,809
Program services expenses (Part IX)
$450,215
Management and general expenses
$96,738
Fundraising expenses
$150,961
Program service expenses (Part III)
$174,488

Program services were 64.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $62,813

  • 1f · All other contributions, gifts and grants

    $593,017

  • 1g · Noncash contributions included above

    $33,378

  • 3 · Investment income

    total $5 · related or exempt $5

  • 8a · Fundraising events: gross income

    $37,825

  • 8a · Fundraising events: contributions included on line 1c

    $62,813

  • 8b · Fundraising events: direct expenses

    $15,201

  • 8c · Net income from fundraising events

    total $22,624

  • 10a · Gross sales of inventory

    $1,023

  • 10b · Cost of goods sold

    $1,099

  • 10c · Net income from sales of inventory

    total -$76

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $130,000 · program services $130,000

  • 5 · Compensation of officers, directors and key employees

    total $277,916 · program services $201,624 · management and general $10,000 · fundraising $66,292

  • 9 · Other employee benefits

    total $10,339 · program services $9,811 · management and general $528

  • 10 · Payroll taxes

    total $21,990 · program services $21,990

  • 11a · Fees: management

    total $98,887 · program services $46,389 · management and general $34,052 · fundraising $18,446

  • 11c · Fees: accounting

    total $27,540 · program services $20,655 · management and general $2,754 · fundraising $4,131

  • 12 · Advertising and promotion

    total $8,477 · program services $2,119 · management and general $2,543 · fundraising $3,815

  • 13 · Office expenses

    total $26,772 · program services $9,239 · management and general $15,835 · fundraising $1,698

  • 14 · Information technology

    total $24,447 · program services $2,299 · management and general $11,038 · fundraising $11,110

  • 16 · Occupancy

    total $600 · management and general $600

  • 17 · Travel

    total $17,224 · program services $6,089 · fundraising $11,135

  • 20 · Interest

    total $14,184 · management and general $14,184

  • 23 · Insurance

    total $2,428 · management and general $2,428

  • 24a · Other expenses: FUNDRAISING EVENT COSTS

    total $34,334 · fundraising $34,334

  • 24b · Other expenses: UTILITIES

    total $2,776 · management and general $2,776

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $29,562 · end of year $38,114

  • 2 · Savings and temporary cash investments

    end of year $1,973

  • 4 · Accounts receivable

    beginning of year $326,454 · end of year $287,388

  • 8 · Inventories for sale or use

    beginning of year $1,385 · end of year $286

  • 9 · Prepaid expenses and deferred charges

    beginning of year $4,075 · end of year $5,098

  • 15 · Other assets

    beginning of year $650 · end of year $50

  • 17 · Accounts payable and accrued expenses

    beginning of year $91,503 · end of year $119,050

  • 18 · Grants payable

    beginning of year $202,500 · end of year $185,000

  • 25 · Other liabilities

    beginning of year $650 · end of year $50

  • 27 · Net assets without donor restrictions

    beginning of year -$192,527 · end of year -$181,191

  • 28 · Net assets with donor restrictions

    beginning of year $260,000 · end of year $210,000

Mission and programs · 2024

Mission

See Schedule O

Activities or mission (Part I)

The Adventure Project creates jobs that empower communities in Africa to work their way out of extreme poverty for good

  • Health - An estimated 5 million children under 5 die every year, mostly from treatable or preventable causes. This fiscal year, The Adventure Project funded a team of Community Health Workers, rural ambulance drivers, and health educators in Togo to complete an estimated 15,300 patient vists, 2,900 health consultations for children under 5, and 54 rural ambulance transports.

    Expenses $45,000 · Grants $10,000

  • Water - Over half of the worlds 703 million people who lack basic drinking water live in sub-saharan Africa. As a result more than 250,000 children in sub-saharan Africa die each year because of inadequate water, sanitation, and hygiene. This fiscal year, The Adventure Project funded the rehabilitation of 6 broken water boreholes and the hiring and training of 6 Community Water Operators in Ghana. These Community Water Operators are ensuring more than 2,400 people will gain year-round access to safe, reliable drinking water.

    Expenses $50,226 · Grants $10,000

  • Hunger - an estimated 278 million people in sub-saharan Africa are undernourished and about 140 million are facing acute food insecurity. We equip subsistence farmers with irrigation and training so they can launch profitable farming businesses. This fiscal year, The Adventure Project funded the creation of an estimated 375 new farming enterprises in Kenya and Rwanda by equipping subsistence farmers with improved irrigation systems. Moreover, we trained 20 new irrigation agents to earn a sustainable living by renting irrigation pumps and providing irrigation services to local farmers.

    Expenses $79,262 · Grants $10,000

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Michael Pelehach

    CHIEF OPS OFFICER

    Total calculated
    $130,000
    From this org
    $130,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40
  • Ashley Dittmar

    CHIEF DEV OFFICER

    Total calculated
    $75,833
    From this org
    $75,833
    From related orgs
    $0
    Other
    $0
    Hours/week
    40
  • Rebecca Straw

    EXECUTIVE DIRECTOR

    Total calculated
    $70,000
    From this org
    $70,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40
  • Jody Landers

    DIRECTOR

    Total calculated
    $2,083
    From this org
    $2,083
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.5
  • Cassie Stewart

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5
  • Brady Norvall

    CHAIR

    Total calculated
    $0
    Hours/week
    0.5
  • Christian Borges

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Albert Swantner

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Amanda Beisel

    TREASURER

    Total calculated
    $0
    Hours/week
    0.5
  • Shawn Budde

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Adrienne Dorison

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

Provenance

Return type
form_990
Tax year
2024
Filed
5 August 2026
IRS schema version
2024v5.2
Source object
202632179349301953

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