Academic Development Institute Inc
- Assets
- $1.4m
- Revenue
- $3.0m
- Investments
- $0.0
- Employees
- 22
- Location
- Lincoln, IL
- Founding
- 04/1984
- Data as of
- 06/2022
- EIN
- 37-1153267
Organization Overview
Academic Development Institute Inc is located in Lincoln, IL. The organization was established in 1984. As of 06/2022, Academic Development Institute Inc employed 22 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 06/2022, Academic Development Institute Inc generated $3.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.7% each year. All expenses for the organization totaled $3.1m during the year ending 06/2022. While expenses have increased by 7.0% per year over the past 7 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
2022
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 | $94,516 |
Teresa Luken Treasurer | Officer | 20 | $0 |
Bi Vuong Vice Chair | Officer | 1 | $0 |
Emily Sheley Secretary | Officer | 40 | $0 |
Jr Hoyer Director | Trustee | 1 | $0 |
Todd Johnson Chair | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,121,014 |
| 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 | $1,121,014 |
| Total Program Service Revenue | $1,882,020 |
| Investment income | $496 |
| 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 | $3,006,720 |
| 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 | $1,027,386 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $138,599 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,375 |
| Fees for services: Accounting | $13,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,494,155 |
| Advertising and promotion | $0 |
| Office expenses | $104,069 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $87,292 |
| Travel | $112,305 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,256 |
| Insurance | $8,503 |
| All other expenses | $11,826 |
| Total functional expenses | $3,121,100 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $288,544 |
| Savings and temporary cash investments | $385,187 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $652,771 |
| 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 | $585 |
| Net Land, buildings, and equipment | $28,955 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,356,042 |
| Accounts payable and accrued expenses | $129,877 |
| Grants payable | $0 |
| Deferred revenue | $42,850 |
| 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 | $0 |
| Total liabilities | $172,727 |
| Net assets without donor restrictions | $960,016 |
| Net assets with donor restrictions | $223,299 |
| 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 | $1,356,042 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Academic Development Institute Inc has recieved totaling $148,916.
| Awarding Organization | Amount |
|---|---|
Woods Foundation Lincoln, IL PURPOSE: SCHOLARSHIP PROGRAM | $148,916 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Scan Inc Fort Wayne, IN | $8,049,144 | $12,581,027 |
Breckinridge-Grayson Programs Inc Leitchfield, KY | $2,965,719 | $4,051,162 |
Academic Development Institute Inc Lincoln, IL | $1,356,042 | $3,006,720 |
Family Centered Services Inc Bluffton, IN | $1,426,304 | $926,923 |
Tuesdays Child Chicago, IL | $1,080,778 | $921,898 |
Lakeland Family Resource Center Inc Spooner, WI | $267,856 | $450,380 |