Civic Intelligence

Adi Schools Inc

990 • Fiscal year 2015 • EIN 27-1405305

Jul 01, 2014 to Jun 30, 2015 • Filed on May 15, 2016

Organization ProfileWWW.ADICHARTERSCHOOLS.ORG
1400 N Meridian StreetIndianapolis, IN 46202

(317) 236-7324

Siviq Scores

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

Liabilities / Assets

90th percentile

0.93x

Higher debt load relative to assets than 90% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Liabilities / Revenue

86th percentile

1.74x

Higher debt load relative to revenue than 86% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Net Margin

62nd percentile

6.8%

Higher net margin than 62% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Top Officer Pay

42nd percentile

$103,714

Higher top officer pay than 42% of similar nonprofits.

Top officer pay equals 2.3% of source-year revenue.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Asset Growth

70th percentile

7.4%

Faster asset growth than 70% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2014 to 2015

Revenue Growth

17th percentile

-15%

Faster revenue growth than 17% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets90th percentile

Assets

Up

$8,516,524

Up $1,038,524 (+14%) from 2013

Net Assets

Up

$571,699

Up $1,185,719 (+193%) from 2013

Liabilities

Down

$7,944,825

Down $147,195 (-1.8%) from 2013

Revenue And Expenses
Liabilities / Revenue86th percentileNet Margin62nd percentile

Revenue

$4,576,067

No earlier filing loaded for comparison.

Expenses

Up

$4,264,425

Up $614,105 (+17%) from 2013

Net Income

$311,642

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth70th 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 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

2015

Assets$8,516,524
Liabilities$7,944,825
Net Assets$571,699
Open 2015 Filing

Operations Trend

Revenue Growth17th percentile

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

2015

Revenue$4,576,067
Expenses$4,264,425
Net Income$311,642
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
May 15, 2016
Return Version
2014v6.0
Gross Receipts
$4,576,067
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$7,059,547$6,894,942▼ $164,605
Cash and Non-Interest-Bearing Accounts$569,573$1,412,268▲ $842,695
Pledges and Grants Receivable$275,708$208,898▼ $66,810
Prepaid Expenses and Deferred Charges$12,133$270▼ $11,863
Accounts Receivable$14,962$146▼ $14,816
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$7,931,923$8,516,524▲ $584,601
Other Assets Total$0$0→ $0
Liabilities
Tax Exempt Bond Liabilities$5,769,444$5,424,495▼ $344,949
Unsecured Notes Loans Payable$1,775,000$1,775,000→ $0
Accounts Payable and Accrued Expenses$127,422$745,330▲ $617,908
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$7,671,866$7,944,825▲ $272,959
Net Assets / Fund Balance
Unrestricted Net Assets$258,450$571,699▲ $313,249
Temporarily Rstr Net Assets$1,607$0▼ $1,607
Permanently Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$260,057$571,699▲ $311,642
Total Liabilities and Net Assets / Fund Balance$7,931,923$8,516,524▲ $584,601

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$5,881,023$969,965$6,850,988
Equipment$841,690$135,456$977,146
Other Land Buildings$172,229$29,399$201,628
Compensation and Service Providers
Top Officer Pay42nd percentile

Employees

NameTitleFull / Part TimeOtherTotal
Steve GlennPrincipal - Andrew AcademyFT$103,714$103,714
Cynthia GreerPrincipal - Pauda AcademyFT$103,678$103,678

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$4,510,709
Program Service Revenue
$65,358
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$311,642

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,576,067
Total Revenue per Audited Statements
$4,576,067
Total Revenue per Form 990
$4,576,067
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,368,829
Other Expenses$1,895,596
Total Fundraising Expense$12,309
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,467,154$255,345$8,656$1,731,155
Fees for Services Other$303,901$218,833$1,502$524,236
Occupancy$415,099$103,774-$518,873
Depreciation Depletion$354,674$88,669-$443,343
Current Officers, Directors, Trustees, and Key Employees$173,983$33,409-$207,392
Other Employee Benefits$172,868$30,086$1,020$203,974
Payroll Taxes$121,600$21,163$717$143,480
Pension Plan Contributions$70,197$12,217$414$82,828
Fees for Services Accounting-$67,035-$67,035
Office Expenses$32,868$26,892-$59,760
Interest$12,461$12,969-$25,430
Fees for Services Legal-$21,078-$21,078
Travel$6,121$1,080-$7,201
Other Expenses$3,012--$3,012
Advertising$1,419--$1,419
Total Functional Expenses$3,359,566$892,550$12,309$4,264,425

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$4,264,425
Total Expenses per Audited Statements$4,264,425
Total Expenses per Form 990$4,264,425
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
AIndiana Development Finance Authority2011-06-15$3,600,000CONSTRUCTION & REFUNDING
BIndiana Developmental Finance Authority2011-06-15$2,600,000CONSTRUCTION & REFUNDING

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$3,600,000$0$0$450,000
B$2,600,000$0$0$325,505

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
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: an independent accounting firm also performs a detailed review of the 990 prior to filing. The business manager reviews the form 990 and sends a copy to the board of directors after 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

Filer Name
ADI Schools Inc
EIN
27-1405305
In Care Of
% CHRIS BRUNSON
Phone
3172367324
Address
1400 N Meridian Street, Indianapolis, IN 46202

Signing Officer

Name
Chris Brunson
Title
Business Manager
Phone
3172367324
Signed
2016-05-15
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

Firm
Bkd Llp
Address
201 N Illinois Street, Indianapolis, IN 46204
Preparer
Nicole B Fishback
Phone
3173834000
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Question 2B

“Audited financial statements: the audit of the financial statements for 6/30/15 has not been completed yet. The audit is in progress and will be completed by the end of 2016.”

Form 990 Part IX Line 11G

“Description:professional fees total fees:500762”

Form 990 Part IX Line 11G

“Description:instructional services total fees:23474”

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/InvestmentsPubTradedSecGrp/BOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/InvestTaxExemptBondsInd0false
IRS990/IRPDocumentCnt07
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt01134820
IRS990/LandBldgEquipBasisNetGrp/BOYAmt07059547
IRS990/LandBldgEquipBasisNetGrp/EOYAmt06894942
IRS990/LandBldgEquipCostOrOtherBssAmt08029762
IRS990/LegalDomicileStateCd0IN
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/NetAssetsOrFundBalancesBOYAmt0260057
IRS990/NetAssetsOrFundBalancesEOYAmt0571699
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt0103774
IRS990/OccupancyGrp/ProgramServicesAmt0415099
IRS990/OccupancyGrp/TotalAmt0518873
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt026892
IRS990/OfficeExpensesGrp/ProgramServicesAmt032868
IRS990/OfficeExpensesGrp/TotalAmt059760
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt00
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt01020
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt030086
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0172868
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0203974
IRS990/OtherExpensesGrp/Desc0NUTRITION SUPPORT
IRS990/OtherExpensesGrp/Desc1IN-STATE TRANSFER TUITION
IRS990/OtherExpensesGrp/Desc2MISCELLANEOUS
IRS990/OtherExpensesGrp/ProgramServicesAmt0217048
IRS990/OtherExpensesGrp/ProgramServicesAmt17161
IRS990/OtherExpensesGrp/ProgramServicesAmt23012
IRS990/OtherExpensesGrp/TotalAmt0217048
IRS990/OtherExpensesGrp/TotalAmt17161
IRS990/OtherExpensesGrp/TotalAmt23012
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt00
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt08656
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0255345
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01467154
IRS990/OtherSalariesAndWagesGrp/TotalAmt01731155
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt0717
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt021163
IRS990/PayrollTaxesGrp/ProgramServicesAmt0121600
IRS990/PayrollTaxesGrp/TotalAmt0143480
IRS990/PensionPlanContributionsGrp/FundraisingAmt0414
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt012217
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt070197
IRS990/PensionPlanContributionsGrp/TotalAmt082828
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt00
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0275708
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0208898
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt012133
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0270
IRS990/PrincipalOfficerNm0CHRIS BRUNSON
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/BusinessCd1611600
IRS990/ProgramServiceRevenueGrp/BusinessCd2611710
IRS990/ProgramServiceRevenueGrp/BusinessCd3611710
IRS990/ProgramServiceRevenueGrp/BusinessCd4611710
IRS990/ProgramServiceRevenueGrp/Desc0BEFORE/AFTER CARE
IRS990/ProgramServiceRevenueGrp/Desc1STUDENT FEES
IRS990/ProgramServiceRevenueGrp/Desc2SCHOOL LUNCH
IRS990/ProgramServiceRevenueGrp/Desc3SUMMER SCHOOL
IRS990/ProgramServiceRevenueGrp/Desc4OTHER REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01489
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1777
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt21673
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt319199
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt442220
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01489
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1777
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt21673
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt319199
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt442220
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt05349370
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt02044301
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt017149
IRS990/PYRevenuesLessExpensesAmt01027520
IRS990/PYSalariesCompEmpBnftPaidAmt02294698
IRS990/PYTotalExpensesAmt04338999
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt05366519
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0311642
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt065358
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt0841690
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0135456
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0977146
IRS990ScheduleD/ExpensesSubtotalAmt04264425
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt05881023
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0969965
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt06850988
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0172229
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt029399
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0201628
IRS990ScheduleD/RevenueSubtotalAmt04576067
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/TotalBookValueLandBuildingsAmt06894942
IRS990ScheduleD/TotalExpensesPerForm990Amt04264425
IRS990ScheduleD/TotalRevenuePerForm990Amt04576067
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt04576067
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt04264425
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

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$8,516,524
Liabilities
$7,944,825
Net assets
$571,699
Revenue
$4,576,067
Expenses
$4,264,425
Net income
$311,642
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
Peer Organizations

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