2024-05-02T10:17:18-07:00 2023-12-31 680077572 Tarlson & Associates 220 Sansome St Ste 900 San Francisco CA 94104 990 2023-01-01 943329340 ADELANTE FOUNDATION INC ADEL 4159999647 37 UPENUF ROAD WOODSIDE CA 94062 RICH LANG TREASURER 4159999647 2024-04-30 true RICH LANG XXX-XX-XXXX true George N Tarlson P01616189 4159565700 3 AAL1 IAL1 FAL1 2023 2023-04-26 12:10:37Z X RICH LANG 37 UPENUF ROAD WOODSIDE CA 94062 1271445 false X N/A X 1999 CA THE ADELANTE FOUNDATION, INC. IS A MICROFINANCE INSTITUTION OPERATING IN HONDURAS 10 10 1 0 0 0 141559 154252 918826 1117186 7 7 0 1060392 1271445 0 0 523036 586684 0 44419 488634 553155 1011670 1139839 48722 131606 2294344 2492860 489947 497001 1804397 1995859 THE ADELANTE FOUNDATION, INC. IS A MICROFINANCE INSTITUTION OPERATING IN HONDURAS false false 904904 0 1117186 ADELANTE SERVES 4,000 POOR WOMEN IN RURAL HONDURAS. THE LOAN PORTFOLIO TOTALED $2.2 MILLION IN 2023. THESE LOANS FINANCE SMALL BUSINESSES TO IMPROVE THE WOMEN'S - AND BY EXTENSION HONDURAS'S - ECONOMY AND QUALITY OF LIFE. THE FOUNDATION HAS FIVE OFFICES IN THE COUNTRY, THREE OF WHICH ARE ALONG OR NEAR THE NORTH COAST IN THE DEPARTMENT OF ATLANTIDA, ONE IN THE DEPARTMENT OF INTIBUCA AND ONE IN THE DEPARTMENT OF CHOLUTECA. THE ORGANIZATION ALSO PROVIDES ONGOING TRAININGS ON VARIOUS BUSINESS TOPICS TO THE LOAN RECIPIENTS. 904904 true true false false false false false false false false true false false false true true false false false true true false false false false false false false false false false false false false false false false false false false false false false false false false false true 0 0 1 true false true HO false false false false false false false false false false X 10 10 false false false false false false false true true false true true true true true true false false false false false CA CO X X THE ADELANTE FOUNDATION INC 4159999647 37 UPENUF ROAD WOODSIDE CA 94062 X LINDSEY DOOLITTLE DIRECTOR/BOARD PRESIDENT 5.00 X X 0 0 0 RICH MUSAT DIRECTOR 2.00 X 0 0 0 JOHN KENDALL DIRECTOR 2.00 X 0 0 0 RICH LANG DIRECTOR/TREASURER 5.00 X X 0 0 0 DAVID FLEMING DIRECTOR 2.00 X 0 0 0 GINA CAPPUCCITTI DIRECTOR/COMPLIANCE CHAIR 5.00 X X 0 0 0 JANET LAUTENBERGER DIRECTOR/SECRETARY 5.00 X X 0 0 0 ANTHONY STONE DIRECTOR/FOUNDER 2.00 X 0 0 0 CECILIA CHI-HAM DIRECTOR 2.00 X 0 0 0 BECKY MASSIE DIRECTOR 2.00 X 0 0 0 false false false 154252 154252 MICROCREDIT INTEREST 525990 949277 0 0 167909 0 0 1117186 7 0 7 1271445 1117186 0 7 461353 346014 92271 23068 70422 52817 14084 3521 54909 41182 10982 2745 22868 17151 4574 1143 1519 0 0 1519 78205 58654 15641 3910 54414 40810 10883 2721 22582 16937 4516 1129 2245 1684 449 112 15745 12123 3622 0 OTHER ADMINISTRATIVE EXPENSES 91012 68259 18202 4551 VEHICLE 56477 45182 11295 0 PROVISION FOR LOAN IMPAIRMENT 119733 119733 0 0 PROGRAM COSTS 19986 15989 3997 0 68369 68369 0 0 1139839 904904 190516 44419 381462 279648 300779 231770 1567043 1939206 200554 158318 45060 42236 2294344 2492860 62850 55387 427097 441614 489947 497001 X 1804397 1995859 1804397 1995859 2294344 2492860 131606 59856 X X false false false X 0 110752 134582 155682 141559 154252 696827 0 0 110752 134582 155682 141559 154252 696827 0 696827 0 0 0 696827 1.00000 1.00000 X 0 0 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 200554 158318 42236 42236 GUARANTEED DEPOSITS 441614 441614 X Pt X, Line 2 THE HONDURAN GOVERNMENT ISSUED A DECREE WHICH ELIMINATED THE TAX EXEMPT STATUS GRANTED TO ORGANIZATIONS SUCH AS ADELANTE. THE DECREE PROVIDES THAT THE EXECUTIVE AGENCY OF REVENUE WILL REVIEW SUCH STATUS EACH YEAR AND MAKE A DETERMINATION REGARDING TAX EXEMPT STATUS. ADELANTE REMAINS IN COMPLIANCE WITH THE REQUIREMENTS AND HAS RECEIVED THE TAX EXEMPT STATUS ("EXONERATION") FOR 2014 THROUGH 2023. Central America 5 52 PROGRAM SERVICES LOANS AND EDUCATIONAL SUPPORT 0 5 52 5 52 0 0 false false false false false false Pt I Line 2 AS PROVIDED ELSEWHERE IN THIS FORM, THE ADELANTE FOUNDATION, INC. WAS FOUNDED TO DEVELOP A MICROFINANCE INSTITUTION IN HONDURAS. MONIES ARE RAISED IN THE USA TO CAPITALIZE THE HONDURAN OPERATION FUNDING OPERATING LOSSES, EXPANSION OF THE LOAN POOL AND ADDITIONAL LOAN PRODUCTS AND SERVICES. THE HONDURAN OPERATION HAS AN ACCOUNTING SYSTEM IN PLACE TO MEASURE THE PROGRESS OF THE INSTITUTION. MONTHLY FINANCIAL STATEMENTS ARE PREPARED AND DISTRIBUTED TO OPERATING OFFICERS AND BOARD MEMBERS. THE HONDURAN OPERATION IS AUDITED BY AN OUTSIDE INTERNATIONALLY RECOGNIZED ACCOUNTING FIRM. Pt I Line 3 Col (F) THE DETAIL FOR PROGRAM SERVICES CAN BE FOUND IN PART IX OF THIS SUBMISSION. Pt I Line 3 Col (F) REGION: HONDURAS. (E) SPECIFIC TYPES OF SERVICES IN REGION: THE PROVISION OF LOANS AND EDUCATIONAL SUPPORT TO PRIMARILY WOMEN IN RURAL HONDURAS EMPLOYING THE GRAMEEN METHODOLOGICAL MODEL. Pt VI, Line 8b EACH MEETING WAS DOCUMENTED Pt VI, Line 11b THE 990 IS CIRCULATED VIA E-MAIL TO THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS FOR REVIEW AND COMMENT PRIOR TO SUBMISSION. Pt VI, Line 12c THE ORGANIZATION MONITORS POTENTIAL CONFLICTS OF INTEREST IN ITS TWO ANNUAL MEETINGS AND REVIEWS OF THE ORGANIZATIONS FINANCES AND CONTRACTING Pt VI, Line 19 THE MOST CURRENT FORM 990 IS AVAILABLE UPON REQUEST AND POSTED ON THE FOUNDATIONS WEB PAGE. THE HONDURAN AUDITED FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. THE 2020 COMBINED AUDITED FINANCIAL STATEMENTS ARE AVAILABLE ON THE WEB SITE AND UPON REQUEST. THE FOUNDATION'S ORGANIZATIONAL AND OTHER DOCUMENTS ARE AVAILABLE ON REQUEST. Pt XII, Line 1 NO AUDIT REQUIREMENT