Adec Inc
- Assets
- $41.8m
- Revenue
- $23.1m
- Investments
- $0.0
- Employees
- 554
- Location
- Bristol, IN
- Founding
- 06/1953
- Data as of
- 06/2024
- EIN
- 35-1060633
Organization Overview
Adec Inc is located in Bristol, IN. The organization was established in 1953. According to its NTEE Classification (P80) the organization is classified as: Centers to Support the Independence of Specific Populations, under the broad grouping of Human Services and related organizations. As of 06/2024, Adec Inc employed 554 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Adec Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2024, Adec Inc generated $23.1m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $22.5m during the year ending 06/2024. While expenses have increased by 3.2% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
ADEC PROUDLY ADVOCATES FOR AND SERVES PEOPLE WITH DEVELOPMENTAL AND INTELLECTUAL DISABILITIES SO THEY LIVE LIVES FULL OF INFORMED CHOICE AND POSSIBILITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESIDENTIAL SERVICES INCLUDES SUPERVISED GROUP LIVING AND SUPPORTED LIVING SERVICES. BOTH SERVE ADULTS WITH INTELLECTUAL DISABILITIES IN EITHER A GROUP HOME SETTING OR THEIR OWN HOME OR APARTMENT WITH THE SUPPORT OF TRAINED STAFF ASSISTANCE. ADEC'S GROUP RESIDENCES ARE LOCATED IN COMMUNITY NEIGHBORHOODS. WE PROVIDE INDIVIDUALIZED SUPPORT AND TEACHING IN THE AREA OF PERSONAL DEVELOPMENT AND SOCIALIZATION. WE ARE PERSON CENTERED AND SUPPORT INDIVIDUALS WITH VARIOUS EMOTIONAL AND BEHAVIORAL NEEDS. INDIVIDUALS HAVE THE OPPORTUNITY TO ATTEND SOCIAL ACTIVITIES ON A DAILY BASIS. HOMES ARE LOCATED IN RESIDENTIAL AREAS WHERE THE INDIVIDUALS CAN BE FULL PARTICIPANTS IN THEIR COMMUNITY. RESIDENTS ARE PROVIDED WITH MANY OF ADEC'S SERVICES AND TRAINING IN BEHAVIOR MANAGEMENT, COMMUNICATION, ADULT DAILY LIVING SKILLS, EMPLOYMENT AND COMMUNITY INTERACTION. SUPPORTED LIVING PROVIDES RESIDENTIAL SUPPORTS TO PEOPLE ON THE COMMUNITY INTEGRATION AND HABILITATION WAIVER, FAMILY SUPPORT WAIVER AND BDDS STATE FUNDING BUDGETS. (CONTINUED ON SCHEDULE O)
FAMILY SERVICES INCLUDES FAMILY SERVICES AND RECREATIONAL AND MUSIC THERAPY SERVICES AND BEHAVIOR MANAGEMENT. ADEC FAMILY SERVICES OFFERS VALUABLE SERVICES THROUGH EXTENDED DAY AND SUMMER CAMP PROGRAMS. EACH PROGRAM STRIVES TO PROVIDE FAMILIES WITH VITAL SUPPORT THROUGH MEANINGFUL ACTIVITIES FOR THEIR SCHOOL AGED CHILDREN WITH DEVELOPMENTAL DISABILITIES. RELIEF AND ASSISTANCE FOR FAMILIES WITH CHILDREN OF ALL AGES AND/OR ADULTS WITH DISABILITIES AND/OR EMOTIONAL /MENTAL ILLNESS IS ALSO PROVIDED THROUGH ADEC'S RESPITE SERVICES. (CONTINUED ON SCHEDULE O)
ADULT TRAINING AND VOCATIONAL SERVICES INCLUDE EMPLOYMENT SERVICES, ADULT HABILITATION AND INTEGRATED COMMUNITY EMPLOYMENT AT ADEC INDUSTRIES. AT ADEC, WE PROMOTE CHOICE AND POSSIBILITY BY PROVIDING QUALITY EMPLOYMENT SERVICES FOR INDIVIDUALS EXPERIENCING LIFE WITH A DISABILITY OR BARRIER. WE WORK WITH EACH OF OUR CLIENTS ONE-ON-ONE ENSURING HIS OR HER GOALS, INTERESTS AND ABILITIES ARE TAKEN INTO CONSIDERATION. WE SEEK TO DEVELOP MEANINGFUL EMPLOYMENT OPPORTUNITIES WHILE HELPING THEM BECOME A QUALIFIED CANDIDATE FOR COMPETITIVE EMPLOYMENT THROUGH A VARIETY OF SERVICES, WHICH MAY INCLUDE: BENEFIT ANALYSIS, VOCATIONAL TESTING, SITUATIONAL ASSESSMENT, JOB SHADOW, WORK EXPERIENCE, JOB READINESS TRAINING, JOB DEVELOPMENT/SEARCH, RESUME HELP, INTERVIEW SKILLS, PUBLIC TRANSPORTATION TRAINING, AND SHOPPING ASSISTANCE. AFTER GAINING EMPLOYMENT, ADEC WILL CONTINUE TO SUPPORT THE CLIENT AND EMPLOYER AS THEY TRANSITION AND ADJUST. DEPENDING ON THE INDIVIDUAL'S NEEDS, SUPPORT MAY INCLUDE ADDITIONAL TRAINING, JOB COACHING ON OR OFF SITE,(CONTINUED ON SCHEDULE O)
TRANSPORTATION SERVICES IN ELKHART COUNTY ARE PROVIDED TO ADEC DAY SERVICES CLIENTS WHO LIVE AT HOME AND USE SERVICES AT THE ELKHART AND BRISTOL CAMPUSES, AS WELL AS OUR GOSHEN AND MIDDLEBURY DAY SERVICE LOCATIONS. GROUP HOME AND SUPPORTED LIVING STAFF PROVIDE TRANSPORTATION FOR RESIDENTS IN THOSE SERVICES. TRANSPORTATION BRINGS CLIENTS WHO LIVE AT HOME AND WORK DAILY AT ADEC INDUSTRIES IN INTEGRATED COMMUNITY EMPLOYMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Board Member/vice Chairperson | OfficerTrustee | 1 | $0 |
Name Not Listed Board Member/treasurer (through Sept23) | OfficerTrustee | 1 | $0 |
Name Not Listed Board Member/chairperson | OfficerTrustee | 1 | $0 |
Name Not Listed Board Member/treasurer | OfficerTrustee | 1 | $0 |
Name Not Listed Board Member/secretary | OfficerTrustee | 1 | $0 |
Name Not Listed Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Dj Construction Co Inc Construction Services | 6/29/24 | $208,435 |
Goshen Floor Mart Corp Construction Services | 6/29/24 | $101,515 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $842,428 |
| All other contributions, gifts, grants, and similar amounts not included above | $538,199 |
| Noncash contributions included in lines 1a–1f | $12,861 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,380,627 |
| Total Program Service Revenue | $20,567,837 |
| Investment income | $844,062 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $129,239 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $155,930 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $23,102,781 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,500 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $492,156 |
| Compensation of current officers, directors, key employees. | $492,156 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $14,063,861 |
| Pension plan accruals and contributions | $131,188 |
| Other employee benefits | $1,081,416 |
| Payroll taxes | $1,107,456 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,676 |
| Fees for services: Accounting | $110,895 |
| Fees for services: Lobbying | $2,681 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $124,602 |
| Fees for services: Other | $188,233 |
| Advertising and promotion | $16,210 |
| Office expenses | $1,140,304 |
| Information technology | $338,331 |
| Royalties | $0 |
| Occupancy | $1,101,282 |
| Travel | $589,864 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $31,629 |
| Interest | $54 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $716,449 |
| Insurance | $279,087 |
| All other expenses | $54,175 |
| Total functional expenses | $22,533,363 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $214,305 |
| Savings and temporary cash investments | $3,721,213 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,184,843 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $273,519 |
| Prepaid expenses and deferred charges | $132,577 |
| Net Land, buildings, and equipment | $9,550,677 |
| Investments—publicly traded securities | $26,215,218 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $488,203 |
| Total assets | $41,780,555 |
| Accounts payable and accrued expenses | $1,469,116 |
| Grants payable | $0 |
| Deferred revenue | $116,331 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $496,088 |
| Total liabilities | $2,081,535 |
| Net assets without donor restrictions | $37,881,873 |
| Net assets with donor restrictions | $1,817,147 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $41,780,555 |