Civic Intelligence

Adams Township School District Foundation Inc.

990 • Fiscal year 2022 • EIN 38-3563510

Jul 01, 2021 to Jun 30, 2022 • Filed on Nov 14, 2022

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

17th percentile

0.00x

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

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

17th percentile

0.00x

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

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

73rd percentile

23%

Higher net margin than 73% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

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

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

52nd percentile

2.2%

Faster asset growth than 52% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

9th percentile

-44%

Faster revenue growth than 9% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets17th percentile

Assets

Up

$1,877,453

Up $40,599 (+2.2%) from 2021

Net Assets

Up

$1,877,453

Up $40,599 (+2.2%) from 2021

Liabilities

Flat

$0

Flat from 2021

Revenue And Expenses
Liabilities / Revenue17th percentileNet Margin73rd percentile

Revenue

Down

$177,033

Down $139,022 (-44%) from 2021

Expenses

Up

$136,434

Up $3,164 (+2.4%) from 2021

Net Income

Down

$40,599

Down $142,186 (-78%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth52nd 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

2022

Assets$1,877,453
Liabilities$0
Net Assets$1,877,453
Open 2022 Filing

Operations Trend

Revenue Growth9th 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

2022

Revenue$177,033
Expenses$136,434
Net Income$40,599
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Nov 14, 2022
Return Version
2021v4.0
Gross Receipts
$472,072
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$1,408,620$1,575,250▲ $166,630
Savings and Temporary Cash Investments$428,234$302,202▼ $126,032
Cash and Non-Interest-Bearing Accounts-$1-
Total Assets$1,836,854$1,877,453▲ $40,599
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,836,854$1,877,453▲ $40,599
Total Net Assets Fund Balance$1,836,854$1,877,453▲ $40,599
Total Liabilities and Net Assets / Fund Balance$1,836,854$1,877,453▲ $40,599
Compensation and Service Providers
Top Officer Pay39th percentile

Board Members and Trustees

NameTitle
Andrew LorenzPresident
Chris IskraBoard Member
Greg SeppanenBoard Member
Kari SloatBoard Member
Ray Bosley JrBoard Member
Steve SabatiniBoard Member
Wes FrahmBoard Member
Tim KeteriSecretary
Jay RuohonenTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$129,274
Program Service Revenue
$0
Investment Income
$47,759
Other Revenue
$0
All Other Contributions
$129,274
Change in Net Assets
$40,599
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$114,305
Other Expenses$22,129
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$87,712--$87,712
Grants to Domestic Orgs$26,593--$26,593
Fees for Service Investment Mgmnt Fees-$17,055-$17,055
Office Expenses-$2,771-$2,771
Advertising-$1,500-$1,500
Insurance-$803-$803
Total Functional Expenses$114,305$22,129$0$136,434
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Adams Township School DistrictPainesdale, MIGovGeneral Support$26,593
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 35% controlled entity
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 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
2022-11-14

Organization Details

Principal Officer
Tim Keteri
Formed
2000
Legal Domicile
Mi
Voting Board Members
9
Independent Board Members
9
Employees
0

Preparer

Firm
Rukkila Negro and Associates Cpas Pc
Address
310 SHELDEN AVENUE, HOUGHTON, MI 49931-1964
Preparer
Ryan a Markham
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 Appendix355 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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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/ExplanationTxt1DURING QUARTERLY MEETING, THE FINANCE COMMITTEE REPORTS TO THE BOARD OF GOVERNORS ON THE FORM 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DIRECTORS ARE REQUIRED TO EXCUSE THEMSELVES FROM ANY VOTE UPON WHICH THEY HAVE A CONFLICT OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3GOVERNING 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 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
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IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01836854
IRS990/TotalAssetsEOYAmt01877453
IRS990/TotalAssetsGrp/BOYAmt01836854
IRS990/TotalAssetsGrp/EOYAmt01877453
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0129274
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt022129
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0114305
IRS990/TotalFunctionalExpensesGrp/TotalAmt0136434
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01836854
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01877453
IRS990/TotalProgramServiceExpensesAmt0114305
IRS990/TotalRevenueGrp/ExclusionAmt051327
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0-3568
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0177033
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01836854
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01877453
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt043084 GOODELL STREET
IRS990/USAddress/CityNm0PAINESDALE
IRS990/USAddress/StateAbbreviationCd0MI
IRS990/USAddress/ZIPCd049955
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0WWW.ADAMS.K12.MI.US
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/PersonNm0TIM KETERI
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0SECRETARY
ReturnHeader/BusinessOfficerGrp/PhoneNum09064820599
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-11-14
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/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/PreparationDt02022-11-10
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0RYAN A MARKHAM
ReturnHeader/ReturnTs02022-11-14T10:21:56-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0TIM
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0KETERI
ReturnHeader/TaxPeriodBeginDt02021-07-01
ReturnHeader/TaxPeriodEndDt02022-06-30
ReturnHeader/TaxYr02021

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,877,453
Liabilities
$0
Net assets
$1,877,453
Revenue
$177,033
Expenses
$136,434
Net income
$40,599
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