2026-08-26T12:27:09-07:00 2025-12-31 680077572 Tarlson & Associates 220 Sansome St Ste 900 San Francisco CA 94104 990 2025-01-01 943329340 ADELANTE FOUNDATION INC ADEL 3039470865 2280 BIRCH STREET DENVER CO 80207 SUE VANDERBERG TREASURER 3039470865 2026-07-28 true George N Tarlson P01616189 4159565700 2025 2025-03-06 01:10:19Z SUSAN VANDERBERG 2280 BIRCH STREET DENVER CO 80207 1461650 false X www.adelantefoundation.org X 1999 CO THE ADELANTE FOUNDATION, INC. IS A MICROFINANCE INSTITUTION OPERATING IN HONDURAS 8 8 1 0 0 0 188066 169758 1166484 1291889 170 3 0 1354720 1461650 0 0 647263 718905 0 52653 529089 487969 1176352 1206874 178368 254776 2607900 2901387 489280 521247 2118620 2380140 THE ADELANTE FOUNDATION, INC. IS A MICROFINANCE INSTITUTION OPERATING IN HONDURAS false false 931647 0 1291889 ADELANTE SERVES 4,000 POOR WOMEN IN RURAL HONDURAS. THE LOAN PORTFOLIO TOTALED $2.3 MILLION IN 2025. THESE LOANS FINANCE SMALL BUSINESSES TO IMPROVE THE WOMENS - AND BY EXTENSION HONDURASS - 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. 931647 true true false false false false false false false false true false false false true true false false false true 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 true 0 0 1 true false true HO false false false true true false false false false false false X 8 8 false false false false false false false true true false true true true true true true true true true true false CA CO X X THE ADELANTE FOUNDATION INC 3039470865 2280 BIRCH STREET DENVER CO 80207 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 5.00 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 SUE VANDERBERG DIRECTOR/TREASURER 5.00 X X 0 0 0 TONY STONE DIRECTOR 2.00 X 0 0 0 false false false 169758 169758 MICROCREDIT INTEREST 525990 1092395 0 0 199494 0 0 1291889 3 0 3 1461650 1291889 0 3 564232 423174 112846 28212 94454 70840 18891 4723 60219 45164 12044 3011 34476 25857 6895 1724 1744 0 0 1744 85283 63962 17057 4264 57763 43322 11553 2888 24188 18141 4838 1209 745 559 149 37 17811 14249 3562 0 OTHER ADMINISTRATIVE EXPENSES 96834 72626 19367 4841 VEHICLE 55080 44064 11016 0 PROVISION FOR LOAN IMPAIRMENT 104579 104579 0 0 PROGRAM COSTS 21784 17428 4356 0 -12318 -12318 0 0 1206874 931647 222574 52653 357467 408782 192140 215592 1994095 2220693 207082 150762 64198 56320 2607900 2901387 65868 85037 423412 436210 489280 521247 X 2118620 2380140 2118620 2380140 2607900 2901387 254776 6744 X X false true true false X 0 155682 141559 154252 188066 169758 809317 0 0 155682 141559 154252 188066 169758 809317 0 809317 0 0 0 809317 1.00000 1.00000 X 0 0 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 207082 150762 56320 56320 GUARANTEED DEPOSITS 436210 436210 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 2024. Central America 5 52 PROGRAM SERVICES LOANS AND EDUCATIONAL SUPPORT 0 5 52 5 52 0 0 Central America LOAN FUNDING 85800 CASH TRANSFER 1 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. BOTH THE HONDURAN AND US OPERATIONS ARE AUDITED BY AN INDEPENDENT OUTSIDE INTERNATIONALLY RECOGNIZED AUDITING AND ACCOUNTING FIRM ON A BIANNUAL BASIS. 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 2021-2022 COMBINED AUDITED FINANCIAL STATEMENTS ARE AVAILABLE ON THE WEB SITE AND UPON REQUEST. THE FOUNDATIONS ORGANIZATIONAL AND OTHER DOCUMENTS ARE AVAILABLE ON REQUEST. Pt XII, Line 1 NO AUDIT REQUIREMENT Pt VI, Line 15a THE OFFICERS AND DIRECTORS OF THE ORGANIZATION ARE ALL NON-COMPENSATED POSITIONS. COMPENSATION FOR ANY OTHER CURRENT/FORMER PAID POSITIONS ARE BASED ON RELATIVE EXTERNAL BENCHMARKET DATA AND REVIEWED AND APPROVED ANNUALLY BY THE EXECUTIVE COMMITTEE Pt VI, Line 15b THE OFFICERS AND DIRECTORS OF THE ORGANIZATION ARE ALL NON-COMPENSATED POSITIONS. COMPENSATION FOR ANY OTHER CURRENT/FORMER PAID POSITIONS ARE BASED ON RELATIVE EXTERNAL BENCHMARKET DATA AND REVIEWED AND APPROVED ANNUALLY BY THE EXECUTIVE COMMITTEE