Civic Intelligence

Adams Township School District Foundation Inc.

990 • Fiscal year 2019 • EIN 38-3563510

Jul 01, 2018 to Jun 30, 2019 • Filed on Feb 20, 2020

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

15th percentile

0.00x

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

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

15th percentile

0.00x

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

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

86th percentile

35%

Higher net margin than 86% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

36th percentile

$0

Higher top officer pay than 36% of similar nonprofits.

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

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

53rd percentile

3.9%

Faster asset growth than 53% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

87th percentile

49%

Faster revenue growth than 87% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets15th percentile

Assets

Up

$1,719,776

Up $64,383 (+3.9%) from 2018

Net Assets

Up

$1,719,776

Up $64,383 (+3.9%) from 2018

Liabilities

Flat

$0

Flat from 2018

Revenue And Expenses
Liabilities / Revenue15th percentileNet Margin86th percentile

Revenue

Up

$183,666

Up $60,612 (+49%) from 2018

Expenses

Down

$119,283

Down $182,537 (-60%) from 2018

Net Income

Up

$64,383

Up $243,149 (+136%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth53rd 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

2019

Assets$1,719,776
Liabilities$0
Net Assets$1,719,776
Open 2019 Filing

Operations Trend

Revenue Growth87th 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

2019

Revenue$183,666
Expenses$119,283
Net Income$64,383
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Feb 20, 2020
Return Version
2018v3.2
Gross Receipts
$449,819
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$1,052,728$1,067,111▲ $14,383
Savings and Temporary Cash Investments$602,665$652,665▲ $50,000
Total Assets$1,655,393$1,719,776▲ $64,383
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$1,655,393$1,719,776▲ $64,383
Total Net Assets Fund Balance$1,655,393$1,719,776▲ $64,383
Total Liabilities and Net Assets / Fund Balance$1,655,393$1,719,776▲ $64,383
Compensation and Service Providers
Top Officer Pay36th percentile

Board Members and Trustees

NameTitle
Greg SeppanenPresident
Andrew LorenzBoard Member
Chris IskraBoard Member
Darren NiemiBoard Member
Jay RuohonenBoard Member
Lorraine TomasiBoard Member
Marti RashleighBoard Member
Martin IskraBoard Member
Martin JohnsonBoard Member
Michael BendaBoard Member
Ray Bosley JrBoard Member
Robert MarcheschiBoard Member
Ron AntilaBoard Member
Steve SabatiniBoard Member
Tim KeteriSecretary
John BaimaTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$121,029
Program Service Revenue
$0
Investment Income
$47,810
Other Revenue
$14,827
All Other Contributions
$120,159
Change in Net Assets
$64,383
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$106,855
Other Expenses$12,428
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$97,755--$97,755
Fees for Service Investment Mgmnt Fees-$12,381-$12,381
Grants to Domestic Orgs$9,100--$9,100
Office Expenses-$47-$47
Total Functional Expenses$106,855$12,428$0$119,283
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Adams Township School DistrictPainesdale, MIGovGeneral Support$9,100
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$20,905
Fundraising Direct Expenses$6,078
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala Fundraiser$21,775$20,905-$20,905
Total Events$21,775$20,905$6,078$14,827
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
2020-02-20

Organization Details

Principal Officer
Tim Keteri
Formed
2000
Legal Domicile
Mi
Voting Board Members
16
Independent Board Members
16
Employees
0
Volunteers
4

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 AppendixShowing 400 of 427 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/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt040080
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IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt044875
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IRS990ScheduleA/PublicSupportPY170Pct00.54180
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0160498
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0650089
IRS990ScheduleA/TotalSupportAmt0875915
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IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
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IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt0870
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt06078
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0GALA FUNDRAISER
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt05208
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt05208
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt021775
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt021775
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt020905
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt020905
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt014827
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesEvent1Amt0870
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesTotalEventsAmt0870
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt097755
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS
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IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc0CASH
IRS990ScheduleI/RecipientTable/CashGrantAmt09100
IRS990ScheduleI/RecipientTable/IRCSectionDesc0GOV
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0GENERAL SUPPORT
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0ADAMS TOWNSHIP SCHOOL DISTRICT
IRS990ScheduleI/RecipientTable/RecipientEIN0386001475
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt043084 GOODELL STREET
IRS990ScheduleI/RecipientTable/USAddress/CityNm0PAINESDALE
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0MI
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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
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IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0183666
IRS990/TotalVolunteersCnt04
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IRS990/TypeOfOrganizationCorpInd0X
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IRS990/UnrestrictedNetAssetsGrp/BOYAmt01655393
IRS990/UnrestrictedNetAssetsGrp/EOYAmt01719776
IRS990/UponRequestInd0X
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IRS990/USAddress/CityNm0PAINESDALE
IRS990/USAddress/StateAbbreviationCd0MI
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IRS990/WebsiteAddressTxt0WWW.ADAMS.K12.MI.US
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02020-09-23 17:36:50Z
ReturnHeader/BusinessOfficerGrp/PersonNm0TIM KETERI
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0SECRETARY
ReturnHeader/BusinessOfficerGrp/PhoneNum09064820599
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-02-20
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ADAMS TWP SCHOOL DISTRICT
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0ADAM

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,719,776
Liabilities
$0
Net assets
$1,719,776
Revenue
$183,666
Expenses
$119,283
Net income
$64,383
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