Civic Intelligence

Adams Township School District Foundation Inc.

990 • Fiscal year 2017 • EIN 38-3563510

Jul 01, 2016 to Jun 30, 2017 • Filed on Nov 10, 2017

Organization ProfileWWW.ADAMS.K12.MI.US
PO Box 37Painesdale, MI 49955

(906) 482-0599

Siviq Scores

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

Liabilities / Assets

14th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

14th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

86th percentile

35%

Higher net margin than 86% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

51st percentile

3.4%

Faster asset growth than 51% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

10th percentile

-25%

Faster revenue growth than 10% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets14th percentile

Assets

Up

$1,834,159

Up $60,832 (+3.4%) from 2016

Net Assets

Up

$1,834,159

Up $65,427 (+3.7%) from 2016

Liabilities

Down

$0

Down $4,595 (-100%) from 2016

Revenue And Expenses
Liabilities / Revenue14th percentileNet Margin86th percentile

Revenue

Down

$189,623

Down $64,252 (-25%) from 2016

Expenses

Down

$124,196

Down $446,308 (-78%) from 2016

Net Income

Up

$65,427

Up $382,056 (+121%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth51st percentile

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

$3.0M$2.0M$1.0M$0Assets 2012: $1,634,007Liabilities 2012: $0Net Assets 2012: $1,634,0072012Assets 2013: $1,697,582Liabilities 2013: $0Net Assets 2013: $1,697,5822013Assets 2014: $1,727,976Liabilities 2014: $0Net Assets 2014: $1,727,9762014Assets 2015: $2,085,361Liabilities 2015: $0Net Assets 2015: $2,085,3612015Assets 2016: $1,773,327Liabilities 2016: $4,595Net Assets 2016: $1,768,7322016Assets 2017: $1,834,159Liabilities 2017: $0Net Assets 2017: $1,834,1592017Assets 2018: $1,655,393Liabilities 2018: $0Net Assets 2018: $1,655,3932018Assets 2019: $1,719,776Liabilities 2019: $0Net Assets 2019: $1,719,7762019Assets 2020: $1,654,069Liabilities 2020: $0Net Assets 2020: $1,654,0692020Assets 2021: $1,836,854Liabilities 2021: $0Net Assets 2021: $1,836,8542021Assets 2022: $1,877,453Liabilities 2022: $0Net Assets 2022: $1,877,4532022Assets 2023: $1,939,149Liabilities 2023: $0Net Assets 2023: $1,939,1492023Assets 2024: $2,168,203Liabilities 2024: $0Net Assets 2024: $2,168,2032024

Highlighted filing

2017

Assets$1,834,159
Liabilities$0
Net Assets$1,834,159
Open 2017 Filing

Operations Trend

Revenue Growth10th percentile

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

$1.0M$500K$0-$500KRevenue 2012: $65,220Expenses 2012: $63,314Net Income 2012: $1,9062012Revenue 2013: $141,828Expenses 2013: $78,253Net Income 2013: $63,5752013Revenue 2014: $190,659Expenses 2014: $160,265Net Income 2014: $30,3942014Revenue 2015: $567,954Expenses 2015: $210,569Net Income 2015: $357,3852015Revenue 2016: $253,875Expenses 2016: $570,504Net Income 2016: -$316,6292016Revenue 2017: $189,623Expenses 2017: $124,196Net Income 2017: $65,4272017Revenue 2018: $123,054Expenses 2018: $301,820Net Income 2018: -$178,7662018Revenue 2019: $183,666Expenses 2019: $119,283Net Income 2019: $64,3832019Revenue 2020: $106,527Expenses 2020: $172,234Net Income 2020: -$65,7072020Revenue 2021: $316,055Expenses 2021: $133,270Net Income 2021: $182,7852021Revenue 2022: $177,033Expenses 2022: $136,434Net Income 2022: $40,5992022Revenue 2023: $173,527Expenses 2023: $111,831Net Income 2023: $61,6962023Revenue 2024: $382,450Expenses 2024: $153,396Net Income 2024: $229,0542024

Highlighted filing

2017

Revenue$189,623
Expenses$124,196
Net Income$65,427
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Nov 10, 2017
Return Version
2016v3.0
Gross Receipts
$392,979
Mission and Program Overview

Mission

Assist in the development, implementation, or maintenance of educational programs which significantly contribute to the education of students in the adams township school district.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,146,067$1,098,738▼ $47,329
Savings and Temporary Cash Investments$627,260$735,420▲ $108,160
Cash and Non-Interest-Bearing Accounts-$1-
Total Assets$1,773,327$1,834,159▲ $60,832
Liabilities
Accounts Payable and Accrued Expenses$4,595--
Total Liabilities$4,595$0▼ $4,595
Net Assets / Fund Balance
Unrestricted Net Assets$1,768,732$1,834,159▲ $65,427
Total Net Assets Fund Balance$1,768,732$1,834,159▲ $65,427
Total Liabilities and Net Assets / Fund Balance$1,773,327$1,834,159▲ $60,832
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
Martin IskraPresident
Chris IskraBoard Member
Jay RuohonenBoard Member
Lorraine TomasiBoard Member
Marti RashleighBoard Member
Martin JohnsonBoard Member
Ray Bosley JrBoard Member
Robert MarcheschiBoard Member
Ron AntilaBoard Member
Steve NicholasBoard Member
Steve SabatiniBoard Member
Tim KeteriSecretary
John BaimaTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$105,396
Program Service Revenue
$0
Investment Income
$84,227
Other Revenue
$0
All Other Contributions
$105,396
Change in Net Assets
$65,427
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$106,847
Other Expenses$17,349
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$88,617--$88,617
Grants to Domestic Orgs$18,230--$18,230
Fees for Service Investment Mgmnt Fees-$12,406-$12,406
Office Expenses-$3,289-$3,289
Fees for Services Accounting-$1,275-$1,275
Insurance-$265-$265
Other Expenses$114--$114
Total Functional Expenses$106,961$17,235$0$124,196
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Adams Township School DistrictPainesdale, MIGovAssist Education$18,230
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
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
No
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, Page 6, Part VI, Line 2

“Martin iskra chris iskra president board member father/son”

Form 990, Page 6, Part VI, Line 11B

“During quarterly meeting, the finance committee reports to the board of governors on the form 990.”

Form 990, Page 6, Part VI, Line 12C

“Directors are required to excuse themselves from any vote upon which they have a conflict of interest.”

Form 990, Page 6, Part VI, Line 19

“Governing documents are made available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Adams Twp School District
EIN
38-3563510
Phone
9064820599
Address
PO BOX 37, PAINESDALE, MI 49955

Signing Officer

Name
Tim Keteri
Title
Secretary
Phone
9064820599
Signed
2017-11-10

Organization Details

Principal Officer
Tim Keteri
Formed
2000
Legal Domicile
Mi
Voting Board Members
13
Independent Board Members
13
Employees
0
Volunteers
12

Preparer

Firm
Rukkila Negro and Associates Cpas Pc
Address
310 SHELDEN AVENUE, HOUGHTON, MI 49931-1964
Preparer
Peter a Negro
Phone
9064826601
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“Assist in the development, implementation, or maintenance of educational programs which significantly contribute to the education of students in the adams township school district.”

Raw XML Appendix389 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleA/SubstantialContributorsTotAmt0160168
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0105396
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0203183
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0160498
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0122347
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt050304
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0641728
IRS990ScheduleA/TotalSupportAmt0878580
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt088617
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt034
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc0CASH
IRS990ScheduleI/RecipientTable/CashGrantAmt018230
IRS990ScheduleI/RecipientTable/IRCSectionDesc0GOV
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0ASSIST EDUCATION
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0ADAMS TOWNSHIP SCHOOL DISTRICT
IRS990ScheduleI/RecipientTable/RecipientEIN0386001475
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt043084 GOODELL STREET
IRS990ScheduleI/RecipientTable/USAddress/CityNm0PAINESDALE
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0MI
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd049955
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc0CASH
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION PROVIDES GRANTS TO ADAMS TOWNSHIP SCHOOL DISTRICT TO SUPPORT PROGRAMMING IN THE SCHOOL. ADAMS TOWNSHIP SCHOOL IS RESPONSIBLE FOR SELECTING INDIVIDUAL STUDENTS WHO ARE ELIGIBLE FOR SCHOLARSHIP DISTRIBUTIONS. THE SCHOOL MAINTAINS RECORDS PERTAINING TO THE SELECTION CRITERIA USED AND MONITORS THE USE OF THE SCHOLARSHIPS. ADAMS TOWNSHIP SCHOOL DISTRICT PROVIDES CHECKS IN THE NAMES OF THE INDIVIDUAL STUDENTS AT THE DIRECTION OF THE SCHOOL.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE I, PAGE 4, PART IV
IRS990ScheduleI/Total501c3OrgCnt01
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ASSIST IN THE DEVELOPMENT, IMPLEMENTATION, OR MAINTENANCE OF EDUCATIONAL PROGRAMS WHICH SIGNIFICANTLY CONTRIBUTE TO THE EDUCATION OF STUDENTS IN THE ADAMS TOWNSHIP SCHOOL DISTRICT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MARTIN ISKRA CHRIS ISKRA PRESIDENT BOARD MEMBER FATHER/SON
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DURING QUARTERLY MEETING, THE FINANCE COMMITTEE REPORTS TO THE BOARD OF GOVERNORS ON THE FORM 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DIRECTORS ARE REQUIRED TO EXCUSE THEMSELVES FROM ANY VOTE UPON WHICH THEY HAVE A CONFLICT OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0MI
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01773327
IRS990/TotalAssetsEOYAmt01834159
IRS990/TotalAssetsGrp/BOYAmt01773327
IRS990/TotalAssetsGrp/EOYAmt01834159
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0105396
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt017235
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0106961
IRS990/TotalFunctionalExpensesGrp/TotalAmt0124196
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt04595
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt04595
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01768732
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01834159
IRS990/TotalProgramServiceExpensesAmt0106961
IRS990/TotalRevenueGrp/ExclusionAmt084227
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0189623
IRS990/TotalVolunteersCnt012
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01773327
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01834159
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt01768732
IRS990/UnrestrictedNetAssetsGrp/EOYAmt01834159
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt043084 GOODELL STREET
IRS990/USAddress/CityNm0PAINESDALE
IRS990/USAddress/StateAbbreviationCd0MI
IRS990/USAddress/ZIPCd049955
IRS990/VotingMembersGoverningBodyCnt013
IRS990/VotingMembersIndependentCnt013
IRS990/WebsiteAddressTxt0WWW.ADAMS.K12.MI.US
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/PersonNm0TIM KETERI
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0SECRETARY
ReturnHeader/BusinessOfficerGrp/PhoneNum09064820599
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-11-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ADAMS TWP SCHOOL DISTRICT
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0ADAM
ReturnHeader/Filer/EIN0383563510
ReturnHeader/Filer/PhoneNum09064820599
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 37
ReturnHeader/Filer/USAddress/CityNm0PAINESDALE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MI
ReturnHeader/Filer/USAddress/ZIPCd049955
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId07CA6A6CB54638CB91D145F8E0188B76AB335EB8A
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0256691838CE90A2440BD6ACA45594FE1CB481A7B
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0383435918
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0RUKKILA NEGRO AND ASSOCIATES CPAS PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0310 SHELDEN AVENUE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0HOUGHTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0499311964
ReturnHeader/PreparerPersonGrp/PhoneNum09064826601
ReturnHeader/PreparerPersonGrp/PreparationDt02017-11-09
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0PETER A NEGRO
ReturnHeader/ReturnTs02018-01-31T12:52:16-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-07-01
ReturnHeader/TaxPeriodEndDt02017-06-30
ReturnHeader/TaxYr02016

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,834,159
Liabilities
$0
Net assets
$1,834,159
Revenue
$189,623
Expenses
$124,196
Net income
$65,427
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.17$0.00$2.17$0.38$0.15$0.23
2023Detailed filing. Detailed filing data is available for this year.$1.94$0.00$1.94$0.17$0.11$0.06
2022Detailed filing. Detailed filing data is available for this year.$1.88$0.00$1.88$0.18$0.14$0.04
2021Detailed filing. Detailed filing data is available for this year.$1.84$0.00$1.84$0.32$0.13$0.18
2020Detailed filing. Detailed filing data is available for this year.$1.65$0.00$1.65$0.11$0.17$0.07
2019Detailed filing. Detailed filing data is available for this year.$1.72$0.00$1.72$0.18$0.12$0.06
2018Detailed filing. Detailed filing data is available for this year.$1.66$0.00$1.66$0.12$0.30$0.18
2017Detailed filing. Detailed filing data is available for this year.$1.83$0.00$1.83$0.19$0.12$0.07
2016Detailed filing. Detailed filing data is available for this year.$1.77$0.00$1.77$0.25$0.57$0.32
2015Detailed filing. Detailed filing data is available for this year.$2.09$0.00$2.09$0.57$0.21$0.36
2014Detailed filing. Detailed filing data is available for this year.$1.73$0.00$1.73$0.19$0.16$0.03
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.70$0.00$1.70$0.14$0.08$0.06
2012Summary only. Only limited summary data is available for this year.$1.63$0.00$1.63$0.07$0.06$0.00