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ADELANTE FOUNDATION INC

CHANDLER, AZ · EIN 860966575 · Form 990PF · FY2021 · NTEE T22 · Philanthropy & Grantmaking · Medium ($1M-$10M) · adelantefoundation.org
revenue
$1.3M
expenses
$50K
net assets
$4.6M
employees
—
profile · synthesized from sources

Adelante Foundation empowers women entrepreneurs in Honduras through microfinance loans and business education. The organization focuses on providing a "hand up" rather than a "handout," enabling women to start and grow small businesses, improve their livelihoods, and break cycles of poverty for their families and communities.

named programs · 4 · from sources

what they call their work

Adelante Impact Tour
A program that allows participants to experience the impact of Adelante's work firsthand.
Adelante Youth Ambassadors
Engages young global citizens to share their experiences or invite affiliates to support the foundation's mission.
Education Workshops
Offers training in business administration skills to equip entrepreneurs for success.
Microfinance Loans
Provides small loans to women entrepreneurs to start or expand their businesses, with a focus on a "hand up" approach.
activities · 3 clusters

what they do

  • Microloan Programs with Training 3 activities
    • Microfinance Loan Programs
      Provides various micro-loans, including Solidarity Group Loans, Individual Loans, Home Improvement Loans, Education Loans, and Agricultural Loans, primarily to women lacking access to traditional funding, with an average of 5,000 women served annually and a 97% repayment rate.
    • Microfinance lending to women entrepreneurs
      Provides micro loans through Solidarity Group Loans (for groups of 3–8 women who serve as mutual collateral), Individual Loans (for experienced borrowers), and specialized loan products including Agricultural Loans (90-day repayment post-harvest), Home Improvement Loans, and Education Loans. Serves an average of 5,000 women annually with a 97% repayment rate, enabling fund recycling.
    • Microfinance lending to women entrepreneurs
      Provides micro loans through Solidarity Group Loans (for groups of 3–8 women), Individual Loans (for experienced borrowers), and specialized loan products including Agricultural Loans, Home Improvement Loans, and Education Loans. Serves an average of 5,000 women annually with a 97% repayment rate, enabling fund recycling.
  • Youth Civic Leadership Development 3 activities
    • Youth Ambassador Program
      Operates a youth ambassador program where young people share their experiences and invite others to participate in service.
    • Youth engagement and leadership development
      Operates a youth ambassador program that empowers young people to share their experiences and mobilize others toward service and participation.
    • Youth engagement and leadership development
      Operates a youth ambassador program that empowers young people to share their experiences and mobilize others to participate in service activities.
  • Uncategorized 5 activities
    • Financial Literacy and Business Education
      Delivers financial literacy education and business administration training through a blended model that includes bi-monthly in-person group meetings, online modules, and one-on-one mentoring for loan recipients and entrepreneurs.
    • Financial and business education programs
      Delivers financial literacy and business administration training through a blended model combining bi-monthly or bi-weekly in-person group meetings, online modules accessible from home or community centers, and one-on-one mentoring. Educational content also includes health and hygiene topics.
    • Financial and business education programs
      Delivers comprehensive financial literacy and business administration training through a blended model of bi-monthly or bi-weekly in-person group meetings, online modules, and one-on-one mentoring. Educational content also includes health and hygiene topics.
    • Health and Hygiene Education
      Provides educational content on health and hygiene to beneficiaries in addition to financial literacy programs.
    • Remote operations and loan restructuring during emergencies
      Used in-house software to restructure 1,033 loans in 2020, enabling continued service delivery and remote operations during emergency conditions.
financials · form 990PF · fy2021

the money

revenue
Total revenue$1.30M
Contributions & grants$4K0%
Program service revenue——
Investment income$67K5%
Other revenue$1.22M
expenses
Total expenses$50K
Program expenses—
Admin / overhead—
Fundraising—
Salaries & benefits—
Grants paid out$203K
balance sheet
Total assets$4.58M
Cash—
Investments—
Liabilities—
Net assets$4.57M
2 years on record · 2020–2021
relationships · 4

who they work with

  • Ed Cohen Funder — Philanthropist and venture capitalist who supported the founding of Adelante Foundation.
  • Grameen Bank Network — Adelante Foundation is a Grameen Bank Replicator.
  • Honduras Government — Primary geographic focus for programs supporting women and families.
  • John Hatch Partner — Board member Bob Sample and Sue Davis hosted a fundraiser where John Hatch expressed support for Adelante Foundation.