Civic Intelligence

Adi Schools Inc

990 • Fiscal year 2012 • EIN 27-1405305

Jul 01, 2011 to Jun 30, 2012 • Filed on May 15, 2013

Organization Profilewww.archindy.org
1400 N Meridian Street46202
Siviq Scores

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

Liabilities / Assets

95th percentile

1.12x

Higher debt load relative to assets than 95% of similar nonprofits.

2012 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2012

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2012

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2012

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2012

Asset Growth

Score unavailable

No value available

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

Source year 2012

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Balance Sheet
Liabilities / Assets95th percentile

Assets

$8,888,500

No earlier filing loaded for comparison.

Net Assets

-$1,084,820

No earlier filing loaded for comparison.

Liabilities

$9,973,320

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

-

No earlier filing loaded for comparison.

Expenses

$3,531,311

No earlier filing loaded for comparison.

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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 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

2012

Assets$8,888,500
Liabilities$9,973,320
Net Assets-$1,084,820
Open 2012 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 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

2012

Revenue-
Expenses$3,531,311
Net Income-
Open 2012 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2011 to Jun 30, 2012
Signed
May 15, 2013
Return Version
2011v1.5
Gross Receipts
$2,868,644
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).

Filing and Contact Details

Filer

EIN
27-1405305
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IRS990/ActivityOrMissionDescription0ADI 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.
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IRS990/Description0ADI SCHOOLS, INC. IS COMMITTED TO PROVIDING A SCHOOL ENVIRONMENT WHERE EDUCATORS, STUDENTS, AND PARENTS ARE DEDICATED TO CREATING A SECURE, CONSTRUCTIVE LEARNING ENVIRONMENT FOR ALL STUDENTS. CURRICULUM SUPPORTS THE NATIONAL CORE CURRICULUM STANDARDS IN MATHEMATICS AND LANGUAGE ARTS AND INCORPORATES A VARIETY OF INSTRUCTION, INDIVIDUAL AND GROUP PROJECTS, AND EXPERIENTIAL LEARNING. CURRICULUM ALSO INCLUDES SOCIAL STUDIES, VISUAL ARTS, MUSIC, AND PHYSICAL EDUCATION. CHARACTER DEVELOPMENT, SELF-ESTEEM, AND COMMUNITY PRIDE ARE EMPHASIZED ACROSS ALL COURSES OF STUDY AS PART OF A WHOLE STUDENT PHILOSOPHY.
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IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation0ADI SCHOOLS, INC. HAS ADOPTED THE PROVISIONS OF UNCERTAIN TAX POSITIONS DISCLOSURE TOPICS OF FASB ASC, WHICH PRESCRIBES A RECOGNITION THRESHOLD OF MORE-LIKELY-THAN-NOT TO BE SUSTAINED UPON EXAMINATION. MEASUREMENT OF THE TAX UNCERTAINTY OCCURS IF THE RECOGNITION THRESHOLD HAS NOT BEEN MET. THIS GUIDANCE ALSO ADDRESSES DE-RECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, DISCLOSURE, AND TRANSITION. IN THE NORMAL COURSE OF BUSINESS, THE SCHOOL IS SUBJECT TO EXAMINATION BY TAXING AUTHORITIES. THE SCHOOLS TAX RETURNS FOR YEARS SUBSEQUENT TO FISCAL YEAR 2010 ARE OPEN, BY STATUTE, FOR REVIEW BY AUTHORITIES. HOWEVER, AT PRESENT THERE ARE NO ONGOING INCOME TAX AUDITS OR UNRESOLVED DISPUTES WITH THE VARIOUS TAX AUTHORITIES THAT THE SCHOOL CURRENTLY FILES OR HAS FILED.
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IRS990ScheduleK/Form990ScheduleKPartI/IssuerName/BusinessNameLine10INDIANA DEVELOPEMENT FINANCE AUTHRT
IRS990ScheduleK/Form990ScheduleKPartI/IssuerName/BusinessNameLine11INDIANA DEVELOPMENTAL FINANCE AUTHR
IRS990ScheduleK/Form990ScheduleKPartII/TotalProceeds03600000
IRS990ScheduleK/Form990ScheduleKPartII/TotalProceeds12600000
IRS990ScheduleK/Form990ScheduleKPartI/OnBehalfOfIssuer0false
IRS990ScheduleK/Form990ScheduleKPartI/OnBehalfOfIssuer1false
IRS990ScheduleK/Form990ScheduleKPartI/PoolFinancing0false
IRS990ScheduleK/Form990ScheduleKPartI/PoolFinancing1false
IRS990ScheduleK/Form990ScheduleKPartIV/ExceptionToRebate0false
IRS990ScheduleK/Form990ScheduleKPartIV/ExceptionToRebate1false
IRS990ScheduleK/Form990ScheduleKPartIV/Form8038TFiled0false
IRS990ScheduleK/Form990ScheduleKPartIV/Form8038TFiled1false
IRS990ScheduleK/Form990ScheduleKPartIV/GrossProceedsInvested0false
IRS990ScheduleK/Form990ScheduleKPartIV/GrossProceedsInvested1false
IRS990ScheduleK/Form990ScheduleKPartIV/GrossProceedsInvestedInGIC0false
IRS990ScheduleK/Form990ScheduleKPartIV/GrossProceedsInvestedInGIC1false
IRS990ScheduleK/Form990ScheduleKPartIV/HedgeIdentifiedInBooksAndRecds0false
IRS990ScheduleK/Form990ScheduleKPartIV/HedgeIdentifiedInBooksAndRecds1false
IRS990ScheduleK/Form990ScheduleKPartIV/VariableRateIssue0false
IRS990ScheduleK/Form990ScheduleKPartIV/VariableRateIssue1false
IRS990ScheduleO/GeneralExplanation/Explanation0ADI 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.
IRS990ScheduleO/GeneralExplanation/Explanation1THE BUSINESS MANAGER REVIEWS THE FORM 990, AND THE BOARD OF DIRECTORS. ALL BOARD MEMBERS RECEIVE A COPY OF THE FORM 990 FOR THEIR REVIEW AND COMMENTS PRIOR TO FILING.
IRS990ScheduleO/GeneralExplanation/Explanation2THE PRINCIPAL'S PAY IS APPROVED BY THE BOARD OF DIRECTORS EACH YEAR. THE INITIAL
IRS990ScheduleO/GeneralExplanation/Explanation3THE OGANIZATION'S GOVERNING DOCUMENTS ARE AVAILBLE TO THE PUBLIC AT THE SCHOOLS. IN ADDITION, FINANCIAL REPORTING IS AVAIBLABLE THROUGH THE INDIANAPOLIS MAYOR'S OFICCE OF CHARTER SCHOOLS.
IRS990ScheduleO/GeneralExplanation/Identifier0ORGANIZATION'S MISSION
IRS990ScheduleO/GeneralExplanation/Identifier1ORGANIZATION'S PROCESS USED TO REVIEW FORM 990
IRS990ScheduleO/GeneralExplanation/Identifier2COMPENSATION PROCESS FOR TOP OFFICIAL
IRS990ScheduleO/GeneralExplanation/Identifier3GOVERNING DOCUMENTS DISCLOSURE EXPLANATION
IRS990ScheduleO/GeneralExplanation/ReturnReference0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/GeneralExplanation/ReturnReference1FORM 990, PAGE 6, PART VI, LINE 11B

Document Assets

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Filings

Displayed year

2012 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$8,888,500
Liabilities
$9,973,320
Net assets
-$1,084,820
Revenue
-
Expenses
$3,531,311
Net income
-
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
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