Nonprofit · EIN 30-0636501
ADAGIO INSTITUTE INC
Tax-exempt · HOUSTON, TX 77056
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $200,893 | $511,002 | -$310,109 | $913,797 | $308,416 | $605,381 |
| December 31, 2023 | 990 | $311,557 | $845,938 | -$534,381 | $645,118 | $15,883 | $629,235 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $190,309
- Investment income
- $10,584
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $74,686
- Salaries, compensation and benefits (total)
- $74,686
- Professional fundraising fees
- $0
- Accounting fees
- $18,000
- Occupancy
- $127,500
- Travel
- $24
- Depreciation
- $44,953
- Program services (functional)
- $357,668
- Management and general (functional)
- $557,918
Balance sheet and other
- Total assets, start of year
- $645,118
- Total assets, end of year
- $913,797
- Total liabilities, end of year
- $308,416
- Net assets, end of year
- $605,381
- Land, buildings and equipment
- $93,129
- Net assets without donor restrictions
- $605,381
- Gross receipts
- $200,893
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2017
- State of legal domicile
- TX
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Benjamin D | Summers Trustee or director | 0 | $74,686 |
| Arne M | Ray Trustee or director | 0 | $0 |
| Joseph | Maiullo Trustee or director | 0 | $0 |
990 for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Benjamin D | Summers Trustee or director | – | $66,464 |
| Arne M | Ray Trustee or director | – | $0 |
| Joseph | Maiullo Trustee or director | – | $0 |
Address and contacts
- Address (IRS master file)
- 5100 WESTHEIMER RD STE 115, HOUSTON, TX 77056-5507
- In care of
- % BENJAMIN D SUMMERS
- Mailing address (990-N for 2019)
- 5100 Westheimer Rd Ste 115, Houston TX 77056
- Principal officer (990 for 2024)
- Benjamin Summers, P O Box 643581, Waldo, FL 32694
- Principal officer (990-N for 2019)
- Arne Ray, 5100 Westheimer Rd Ste 115, Houston TX 77056
- Signed the 990
- BENJAMIN SUMMERS, OFFICER
- Phone
- (713) 775-1011
- Website
- www.adagioinstitute.org
Mission
Promoting financial education.
Program accomplishments
- Promotion of broad adoption of meaningful risk-adjusted investment analysis to democratize access to exclusive investment performance e.g. top performing hedge funds private equity etc. through education and services e.g. third-party risk analytics investment lubs etc. and to help deserving private alternative asset managers e.g. real estate operators hedge fund managers etc. access the capital markets.Expenses $357,668 · revenue $190,309
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 30-0636501
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2017
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Science and technology (U05)
- Assets (IRS master file)
- $913,797
- Income (IRS master file)
- $200,893
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $200,893 | $511,002 | $913,797 | IRS |
| 990 | December 2023 | $311,557 | $845,938 | $645,118 | XML |
| 990 | December 2022 | $772,344 | $1,009,842 | $1,188,856 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-N for 2019 Officer: Arne Ray | December 31, 2019 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 30-0636501).
Questions about ADAGIO INSTITUTE INC
- What is the EIN of ADAGIO INSTITUTE INC?
- The employer identification number (EIN) of ADAGIO INSTITUTE INC is 30-0636501.
- Is ADAGIO INSTITUTE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2017.
- Are donations to ADAGIO INSTITUTE INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ADAGIO INSTITUTE INC file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of ADAGIO INSTITUTE INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ADAGIO INSTITUTE INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of ADAGIO INSTITUTE INC?
- The 990 for the year ended December 31, 2024 names Benjamin Summers.
- Who are the officers and directors of ADAGIO INSTITUTE INC?
- The 990 for the year ended December 31, 2024 lists 3 people; 1 received compensation from the organization, the highest $74,686 (Benjamin D, Summers).
- How much revenue does ADAGIO INSTITUTE INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $200,893, expenses of $511,002 and total assets of $913,797 at year end.
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