Academic Development Institute Inc
- Assets
- $921.2k
- Revenue
- $2.7m
- Investments
- $0.0
- Employees
- 30
- Location
- Lincoln, IL
- Founding
- 04/1984
- Data as of
- 06/2024
- EIN
- 37-1153267
Organization Overview
Academic Development Institute Inc is located in Lincoln, IL. The organization was established in 1984. As of 06/2024, Academic Development Institute Inc employed 30 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Academic Development Institute 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, Academic Development Institute Inc generated $2.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $3.1m during the year ending 06/2024. While expenses have increased by 6.0% per year over the past 8 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
TO ASSIST FAMILIES, SCHOOLS AND COMMUNITIES WITH THE ACADEMIC AND PERSONAL DEVELOPMENT OF CHILDREN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE INSTITUTE OPERATES THE FOLLOWING PROGRAMS: NATIONAL COMPREHENSIVE CENTER AND REGIONAL COMPREHENSIVE CENTERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Pam Sheley Executive Di | Officer | 40 | $96,962 |
Deb Page Director | Trustee | 1 | $0 |
Susan J Paik Director | Trustee | 1 | $0 |
Catilin Howley PHD Director | Trustee | 1 | $0 |
Mark Williams Director | Trustee | 1 | $0 |
Emily Gerdts Secretary | Officer | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,282,367 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,282,367 |
| Total Program Service Revenue | $449,139 |
| Investment income | $128 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,736,068 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,170,583 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $52,302 |
| Payroll taxes | $90,353 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,502 |
| Fees for services: Accounting | $18,109 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $992,315 |
| Advertising and promotion | $0 |
| Office expenses | $39,288 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $77,910 |
| Travel | $222,593 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $633 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,333 |
| Insurance | $16,212 |
| All other expenses | $58,585 |
| Total functional expenses | $3,117,674 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $574,517 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $303,442 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $35,589 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,688 |
| Total assets | $921,236 |
| Accounts payable and accrued expenses | $117,921 |
| Grants payable | $0 |
| Deferred revenue | $45,750 |
| 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 | $13,526 |
| Other liabilities | $7,688 |
| Total liabilities | $184,885 |
| Net assets without donor restrictions | $697,735 |
| Net assets with donor restrictions | $38,616 |
| 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 | $921,236 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Scan Inc Fort Wayne, IN | $9,770,674 | $14,023,821 |
Breckinridge-Grayson Programs Inc Leitchfield, KY | $2,876,985 | $4,667,867 |
Academic Development Institute Inc Lincoln, IL | $921,236 | $2,736,068 |
Family Centered Services Inc Bluffton, IN | $1,189,168 | $1,030,816 |
Tuesdays Child Chicago, IL | $1,080,778 | $921,898 |
Lakeland Family Resource Center Inc Spooner, WI | $529,603 | $776,887 |