Adapt Incorporated
- Assets
- $2.9m
- Revenue
- $4.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Coldwater, MI
- Founding
- 06/1998
- Data as of
- 09/2022
- EIN
- 91-1963349
Organization Overview
Adapt Incorporated is located in Coldwater, MI. The organization was established in 1998. According to its NTEE Classification (P82) the organization is classified as: Developmentally Disabled Centers, under the broad grouping of Human Services and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Adapt Incorporated 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 09/2022, Adapt Incorporated generated $4.2m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.7%) each year. All expenses for the organization totaled $4.3m during the year ending 09/2022. As we would expect to see with falling revenues, expenses have declined by (0.5%) per year over the past 7 years. 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
ASSIST DEVELOPMENTALLY DISABLED ADULTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESIDENCE HOMES - GROUP HOMES FOR DEVELOPMENTALLY DISABLED ADULTS.
ACTIVITY CENTERS - PROVIDE ACTIVITIES DURING THE DAY FOR DEVELOPMENTALLY DISABLED ADULTS SUCH AS EDUCATION, PERSONAL CARE AND ENTERTAINMENT.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Hutchinson President | Officer | 1 | $0 |
Bruce Sweet Vice Preside | Officer | 1 | $0 |
Jack Branham Member | Trustee | 1 | $0 |
Mike Clark Member | Trustee | 1 | $0 |
Michelle Sandahl Executive Di | Trustee | 1 | $0 |
Deb Shire Member | Trustee | 1 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $4,230,637 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $15,616 |
| 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 | $4,246,253 |
| 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 | $3,153,743 |
| Pension plan accruals and contributions | $24,949 |
| Other employee benefits | $258,253 |
| Payroll taxes | $235,204 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $68,615 |
| Insurance | $0 |
| All other expenses | $317,379 |
| Total functional expenses | $4,327,554 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $391,680 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,465,868 |
| Total assets | $2,857,548 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $2,857,548 |
| 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 | $2,857,548 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hope Network Grand Rapids, MI | $12,436,110 | $11,996,326 |
Knox County Association For Remarkable Citizens Inc Vincennes, IN | $24,536,291 | $19,956,533 |
Buckeye Community Services Incorporated Jackson, OH | $11,917,792 | $19,993,213 |
Paladin Inc Michigan City, IN | $9,460,565 | $15,902,073 |
Hillcroft Services Inc Muncie, IN | $16,936,926 | $14,933,830 |
Bona Vista Programs Inc Kokomo, IN | $19,070,860 | $15,130,764 |
New Avenues To Independence Inc Cleveland, OH | $9,548,486 | $16,971,104 |
Services To Enhance Potential Dearborn, MI | $17,804,002 | $13,713,254 |
Sycamore Rehabilitation Services Hendricks County Arc Inc Danville, IN | $24,418,697 | $15,506,732 |
Carey Services Inc Marion, IN | $16,864,409 | $13,337,022 |
Jarc Bloomfield Hills, MI | $5,696,625 | $12,003,795 |
Frontier Community Services Chillicothe, OH | $40,364,021 | $14,425,667 |