Adapta
- Assets
- $4.1m
- Revenue
- $3.3m
- Investments
- $52.4k
- Employees
- 65
- Location
- Rochester, MN
- Founding
- 09/1997
- Data as of
- 12/2022
- EIN
- 41-1863432
Organization Overview
Adapta is located in Rochester, MN. The organization was established in 1997. According to its NTEE Classification (E50) the organization is classified as: Rehabilitative Care, under the broad grouping of Health Care and related organizations. As of 12/2023, Adapta employed 65 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Adapta 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 12/2022, Adapta generated $3.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 18.8% each year . All expenses for the organization totaled $3.0m during the year ending 12/2022. While expenses have increased by 18.0% 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
ADAPTA PROMOTES THE PHYSICAL, EMOTIONAL AND SPIRITUAL WELL-BEING OF INDIVIDUALS WITH BRAIN INJURIES, MENTAL HEALTH CONDITIONS, AND SUBSTANCE USE DISORDERS, IN ADDTION TO A VARIETY OF HEALTH CONCERNS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE HOUSING AND SUPPORT SERVICES FOR 14-18 ADULTS WITH BRAIN INJURIES, MENTAL HEALTH CONDITIONS AND/OR SUBSTANCE USE DISORDERS, IN ADDITION TO A VARIETY OF HEALTH CONCERNS. ACTIVITIES FOCUS ON COMMUNITY INTEGRATION, SKILLS BUILDING, AND OVERALL WELLNESS. WE WORK COLLABORATIVELY WITH SOCIAL AND MEDICAL SERVICES TO PROVIDE PERSON-CENTERED CARE FOR INDIVIDUALS WE SUPPORT. WE STRIVE TO SUPPORT BRAIN INJURY AND MENTAL HEALTH AWARENESS AND PREVENTION THROUGHOUT THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chad Hodge President | OfficerTrustee | 2 | $0 |
Bethany Christensen-Kunz Director | Trustee | 2 | $0 |
Frank Brekke Treasurer | OfficerTrustee | 2 | $0 |
Corey Kanz Vice President | Officer | 1 | $0 |
Kasi Haglund Executive Director | Officer | 40 | $97,736 |
Cathy Finken Secretary | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,088 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,088 |
| Total Program Service Revenue | $3,326,838 |
| Investment income | $164 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$21,311 |
| 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 | $3,311,779 |
| 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. | $96,599 |
| Compensation of current officers, directors, key employees. | $38,640 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,768,884 |
| Pension plan accruals and contributions | $27,509 |
| Other employee benefits | $46,814 |
| Payroll taxes | $142,602 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $33,774 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $6,024 |
| Office expenses | $51,133 |
| Information technology | $6,690 |
| Royalties | $0 |
| Occupancy | $70,788 |
| Travel | $737 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $14,560 |
| Interest | $59,667 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $89,257 |
| Insurance | $66,513 |
| All other expenses | $119,042 |
| Total functional expenses | $2,979,659 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,633,864 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $345,113 |
| 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 | $6,382 |
| Net Land, buildings, and equipment | $2,041,114 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $52,380 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,078,853 |
| Accounts payable and accrued expenses | $203,548 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $1,419,732 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,623,280 |
| Net assets without donor restrictions | $2,455,573 |
| Net assets with donor restrictions | $0 |
| 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 | $4,078,853 |