Civic Intelligence

Adi Schools Inc

990 • Fiscal year 2014 • EIN 27-1405305

Jul 01, 2013 to Jun 30, 2014 • Filed on Jun 15, 2015

Organization ProfileWWW.ADICHARTERSCHOOLS.ORG
1400 N Meridian StreetSuite46202

(317) 236-7324

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

91st percentile

0.97x

Higher debt load relative to assets than 91% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Liabilities / Revenue

84th percentile

1.43x

Higher debt load relative to revenue than 84% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Net Margin

78th percentile

19%

Higher net margin than 78% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Top Officer Pay

43rd percentile

$103,714

Higher top officer pay than 43% of similar nonprofits.

Top officer pay equals 1.9% of source-year revenue.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Asset Growth

61st percentile

6.1%

Faster asset growth than 61% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2013 to 2014

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2014

Balance Sheet
Liabilities / Assets91st percentile

Assets

Up

$7,931,923

Up $453,923 (+6.1%) from 2013

Net Assets

Up

$260,057

Up $874,077 (+142%) from 2013

Liabilities

Down

$7,671,866

Down $420,154 (-5.2%) from 2013

Revenue And Expenses
Liabilities / Revenue84th percentileNet Margin78th percentile

Revenue

$5,366,519

No earlier filing loaded for comparison.

Expenses

Up

$4,338,999

Up $688,679 (+19%) from 2013

Net Income

$1,027,520

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth61st percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$10M$5.0M$0-$5.0M-$10MAssets 2012: $8,888,500Liabilities 2012: $9,973,320Net Assets 2012: -$1,084,8202012Assets 2013: $7,478,000Liabilities 2013: $8,092,020Net Assets 2013: -$614,0202013Assets 2014: $7,931,923Liabilities 2014: $7,671,866Net Assets 2014: $260,0572014Assets 2015: $8,516,524Liabilities 2015: $7,944,825Net Assets 2015: $571,6992015Assets 2017: $661,449Liabilities 2017: $7,127,202Net Assets 2017: -$6,465,7532017Assets 2018: $60,405Liabilities 2018: $60,405Net Assets 2018: $02018Assets 2019: $12,654Liabilities 2019: $15,323Net Assets 2019: -$2,6692019

Highlighted filing

2014

Assets$7,931,923
Liabilities$7,671,866
Net Assets$260,057
Open 2014 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$8.0M$6.0M$4.0M$2.0M$0-$2.0MExpenses 2012: $3,531,3112012Expenses 2013: $3,650,3202013Revenue 2014: $5,366,519Expenses 2014: $4,338,999Net Income 2014: $1,027,5202014Revenue 2015: $4,576,067Expenses 2015: $4,264,425Net Income 2015: $311,6422015Revenue 2017: $295,637Expenses 2017: $275,677Net Income 2017: $19,9602017Revenue 2018: $6,946,799Expenses 2018: $481,046Net Income 2018: $6,465,7532018Revenue 2019: $0Expenses 2019: $2,669Net Income 2019: -$2,6692019

Highlighted filing

2014

Revenue$5,366,519
Expenses$4,338,999
Net Income$1,027,520
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Jun 15, 2015
Return Version
2013v4.0
Gross Receipts
$5,366,519
Mission and Program Overview

Mission

ADI Schools, Inc. (ADI) was established in 2009 to operate two Indianapolis Mayor sponsored charter schools, Andrew Academy and Padua Academy. ADI Schools, Inc. surrendered the charters for their two schools at the end of the 2014-2015 school year (6/30/2015).

Adi schools, inc operates two separately chartered schools - padua academy and andrew academy. Both seek to serve indianapolis by educating students to become self-sufficient.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$6,531,148$7,059,547▲ $528,399
Cash and Non-Interest-Bearing Accounts$409,331$569,573▲ $160,242
Pledges and Grants Receivable$350,448$275,708▼ $74,740
Accounts Receivable$46,538$14,962▼ $31,576
Prepaid Expenses and Deferred Charges$35,008$12,133▼ $22,875
Savings and Temporary Cash Investments$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$7,478,000$7,931,923▲ $453,923
Other Assets Total$105,527$0▼ $105,527
Liabilities
Tax Exempt Bond Liabilities$6,113,889$5,769,444▼ $344,445
Unsecured Notes Loans Payable$1,864,794$1,775,000▼ $89,794
Accounts Payable and Accrued Expenses$113,337$127,422▲ $14,085
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Total Liabilities$8,092,020$7,671,866▼ $420,154
Net Assets / Fund Balance
Unrestricted Net Assets$-717,577$258,450▲ $976,027
Temporarily Rstr Net Assets$103,557$1,607▼ $101,950
Permanently Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$-614,020$260,057▲ $874,077
Total Liabilities and Net Assets / Fund Balance$7,478,000$7,931,923▲ $453,923

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$6,034,009$618,387$6,652,396
Equipment$842,654$86,358$929,012
Other Land Buildings$182,884$18,743$201,627
Compensation and Service Providers
Top Officer Pay43rd percentile

Employees

NameTitleFull / Part TimeOtherTotal
Steve GlennPrincipal - Andrew AcademyFT$103,672$103,672
Brian BurkertBoard Member-$89,057$89,057
Cynthia GreerPrincipal - Pauda AcademyFT$14,663$14,663

Board Members and Trustees

NameTitle
Marc GuessPresident
Alexandra CurlinBoard Member
Bill HermanBoard Member
Harry PlummerBoard Member
Holly MckiernanBoard Member
Jeff StumpfSecretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$5,349,370
Program Service Revenue
$17,149
Investment Income
$0
Other Revenue
$0
All Other Contributions
$116,667
Change in Net Assets
$1,027,520

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,366,519
Total Revenue per Audited Statements
$5,366,519
Total Revenue per Form 990
$5,366,519
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,294,698
Other Expenses$2,044,301
Total Fundraising Expense$12,973
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,411,968$242,612$9,357$1,663,937
Occupancy$463,623$115,906-$579,529
Fees for Services Other$298,472$218,432$1,499$518,403
Depreciation Depletion$302,412$75,603-$378,015
Other Expenses$292,965--$292,965
Other Employee Benefits$182,335$31,734$1,076$215,145
Current Officers, Directors, Trustees, and Key Employees$173,983$33,409-$207,392
Payroll Taxes$117,047$20,371$690$138,108
Fees for Services Accounting-$94,448-$94,448
Office Expenses$50,206$41,077-$91,283
Pension Plan Contributions$59,423$10,342$351$70,116
Insurance$21,753$5,438-$27,191
Interest$12,052$12,544-$24,596
Fees for Services Legal-$20,134-$20,134
Travel$7,546$1,332-$8,878
Advertising$8,859--$8,859
Total Functional Expenses$3,402,644$923,382$12,973$4,338,999

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$4,338,999
Total Expenses per Audited Statements$4,338,999
Total Expenses per Form 990$4,338,999
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Bond Issues

BondIssuerIssuedIssue PricePurpose
A35-16023162011-06-15$3,600,000CONSTRUCTION & REFUNDING
B35-16023162011-06-15$2,600,000CONSTRUCTION & REFUNDING

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$3,600,000$0$0$250,000
B$2,600,000$0$0$180,556

Bond Financing Compliance

No rebate due
No
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Question 11B

“Process to review the form 990: the business manager reviews the form 990, and the board of directors all receive a copy of the form 990 for their review and comments prior to filing. An independent accounting firm also performs a detailed review of the 990 prior to filing.”

Form 990, Part VI, Question 15A & 15B

“Review of ceo or top mgmt official compensation: the principal's pay is approved by the board of directors each year.”

Form 990, Part VI, Question 19

“Governing documents, conflict of int. Policy, and financial statements: governing documents, conflict of interest policy, and financial statements are available to the public upon request. Financial reporting is available through the indianapolis mayor's office of charter schools.”

Filing and Contact Details

Filer

EIN
27-1405305
In Care Of
% CHRIS BRUNSON
Phone
3172367324

Signing Officer

Name
Chris Brunson
Title
Business Manager
Phone
3172367324
Signed
2015-06-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Chris Brunson
Formed
2009
Legal Domicile
In
Voting Board Members
7
Independent Board Members
7
Employees
38
Volunteers
40

Preparer

Preparer
Nicole B Fishback
Phone
3172367324
Supplemental Narrative

Additional Explanations

Form 990 Part IX Line 11G

“Description:professional fees total fees:499844”

Form 990 Part IX Line 11G

“Description:instructional services total fees:18559”

Financial Statement Notes

Schedule D, Part X, Line 2

“Fin 48 disclosure: management has evaluated their income tax positions under the guidance included in asc 740. Based on their review, management has not identified any material uncertain tax positions to be recorded or disclosed in the financial statements.”

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IRS990/LoanOutstandingInd0false
IRS990/LoansFromOfficersDirectorsGrp/BOYAmt00
IRS990/LoansFromOfficersDirectorsGrp/EOYAmt00
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0ADI SCHOOLS, INC OPERATES TWO SEPARATELY CHARTERED SCHOOLS - PADUA ACADEMY AND ANDREW ACADEMY. BOTH SCHOOLS SEEK TO SERVE URBAN INDIANAPOLIS BY EDUCATING STUDENTS TO BECOME SELF-SUFFICIENT AND PRODUCTIVE LEADERS WHO ARE READY TO SUCCEED IN A DIVERSE GLOBAL SOCIETY. THE SCHOOLS HAVE A CLEAR AND CONSISTENT FOCUS ON ACADEMIC RIGOR, GROUNDED IN STRONG CHARACTER DEVELOPMENT AND CITIZENSHIP.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt00
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt00
IRS990/NetAssetsOrFundBalancesBOYAmt0-614020
IRS990/NetAssetsOrFundBalancesEOYAmt0260057
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt0115906
IRS990/OccupancyGrp/ProgramServicesAmt0463623
IRS990/OccupancyGrp/TotalAmt0579529
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt041077
IRS990/OfficeExpensesGrp/ProgramServicesAmt050206
IRS990/OfficeExpensesGrp/TotalAmt091283
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0105527
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt01076
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt031734
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0182335
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0215145
IRS990/OtherExpensesGrp/Desc0NUTRITION SUPPORT
IRS990/OtherExpensesGrp/ProgramServicesAmt0292965
IRS990/OtherExpensesGrp/TotalAmt0292965
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt00
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt09357
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0242612
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01411968
IRS990/OtherSalariesAndWagesGrp/TotalAmt01663937
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt0690
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt020371
IRS990/PayrollTaxesGrp/ProgramServicesAmt0117047
IRS990/PayrollTaxesGrp/TotalAmt0138108
IRS990/PensionPlanContributionsGrp/FundraisingAmt0351
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt010342
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt059423
IRS990/PensionPlanContributionsGrp/TotalAmt070116
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt00
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0350448
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0275708
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt035008
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt012133
IRS990/PrincipalOfficerNm0CHRIS BRUNSON
IRS990/PriorPeriodAdjustmentsAmt0-153443
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/BusinessCd1611600
IRS990/ProgramServiceRevenueGrp/BusinessCd2611710
IRS990/ProgramServiceRevenueGrp/BusinessCd3611710
IRS990/ProgramServiceRevenueGrp/Desc0BEFORE/AFTER CARE
IRS990/ProgramServiceRevenueGrp/Desc1STUDENT FEES
IRS990/ProgramServiceRevenueGrp/Desc2SCHOOL LUNCH
IRS990/ProgramServiceRevenueGrp/Desc3OTHER REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt06396
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt14993
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt21054
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt34706
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt06396
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt14993
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt21054
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt34706
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt04005869
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt01641118
IRS990/PYOtherRevenueAmt0106501
IRS990/PYProgramServiceRevenueAmt08750
IRS990/PYRevenuesLessExpensesAmt0470800
IRS990/PYSalariesCompEmpBnftPaidAmt02009202
IRS990/PYTotalExpensesAmt03650320
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt04121120
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt01027520
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt017149
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt0842654
IRS990ScheduleD/EquipmentGrp/DepreciationAmt086358
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0929012
IRS990ScheduleD/ExpensesSubtotalAmt04338999
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt06034009
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0618387
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt06652396
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0182884
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt018743
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0201627
IRS990ScheduleD/RevenueSubtotalAmt05366519
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0FIN 48 DISCLOSURE: MANAGEMENT HAS EVALUATED THEIR INCOME TAX POSITIONS UNDER THE GUIDANCE INCLUDED IN ASC 740. BASED ON THEIR REVIEW, MANAGEMENT HAS NOT IDENTIFIED ANY MATERIAL UNCERTAIN TAX POSITIONS TO BE RECORDED OR DISCLOSED IN THE FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PART X, LINE 2
IRS990ScheduleD/TotalBookValueLandBuildingsAmt07059547
IRS990ScheduleD/TotalExpensesPerForm990Amt04338999
IRS990ScheduleD/TotalLiabilityAmt00
IRS990ScheduleD/TotalRevenuePerForm990Amt05366519
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt05366519
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt04338999
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0true
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0PUBLICATION OF THE ORGANIZATION'S RACIALLY NONDISCRIMINATORY POLICY: THE ORGANIZATION IS A PUBLIC SCHOOL PURSUANT TO ENABLING STATURE IC 205522. THE ORGANIZATION IS SUBJECT TO ALL FEDERAL AND STATE LAWS THAT PROHIBIT DISCRIMINATION.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1FINANCIAL AID OR ASSISTANCE RECEIVED FROM A GOVERNMENTAL AGENCY: ADI SCHOOLS, INC. RECEIVED GOVERNMENTAL GRANTS TO SUPPORT EDUCATION.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, PART I, LINE 6A
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleK/ProceduresCorrectiveActionGrp/BondReferenceCd0A
IRS990ScheduleK/ProceduresCorrectiveActionGrp/BondReferenceCd1B
IRS990ScheduleK/ProceduresCorrectiveActionGrp/ProceduresCorrectiveActionInd0false
IRS990ScheduleK/ProceduresCorrectiveActionGrp/ProceduresCorrectiveActionInd1false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/BondReferenceCd1B
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/ExceptionToRebateInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/ExceptionToRebateInd1false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/Form8038TFiledInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/Form8038TFiledInd1false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GICProviderName/BusinessNameLine100
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GICProviderName/BusinessNameLine110

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$7,931,923
Liabilities
$7,671,866
Net assets
$260,057
Revenue
$5,366,519
Expenses
$4,338,999
Net income
$1,027,520
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.01$0.02$0.00$0.00$0.00$0.00
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.06$0.06$0.00$6.95$0.48$6.47
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.66$7.13$6.47$0.30$0.28$0.02
2015Detailed filing. Detailed filing data is available for this year.$8.52$7.94$0.57$4.58$4.26$0.31
2014Detailed filing. Detailed filing data is available for this year.$7.93$7.67$0.26$5.37$4.34$1.03
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.48$8.09$0.61$3.65
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.89$9.97$1.08$3.53