Adelante Schools Inc
- Assets
- $2.8m
- Revenue
- $6.4m
- Investments
- $0.0
- Employees
- 57
- Location
- Indianapolis, IN
- Founding
- Data as of
- 06/2022
- EIN
- 84-3574341
Organization Overview
Adelante Schools Inc is located in Indianapolis, IN. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2022, Adelante Schools Inc employed 57 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Adelante Schools 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, Adelante Schools Inc generated $6.4m in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 15.2% each year . All expenses for the organization totaled $5.1m during the year ending 06/2022. While expenses have increased by 16.4% per year over the past 2 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
ADELANTE SCHOOLS IS COMMITTED TO CONTINUOUSLY IMPROVING THE EDUCATIONAL OUTCOMES FOR ITS SCHOLARS IN SOLIDARITY WITH FAMILIES AND OUR COMMUNITY. WE ARE WORKING TO CREATE A JOYOUS NEIGHBORHOOD SCHOOL, PREPARING ALL SCHOLARS TO GRADUATE FROM COLLEGE AND LEAD LIVES OF LEADERSHIP AND SERVICE TO INDIANAPOLIS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ADELANTE SCHOOLS OPERATES PUBLIC CHARTER SCHOOLS IN INDIANAPOLIS, INDIANA. IN FY22, ADELANTE SCHOOLS SAW TREMENDOUS GROWTH IN ASSESSMENT RESULTS. THEY CURRENTLY SERVE GRADES K-8 ON THE SOUTHSIDE OF INDIANAPOLIS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edward T Rangel Executive Director | Officer | 60 | $126,237 |
Jordan Habayeb Managing Director | Officer | 60 | $86,455 |
Kristy Kainrath Chair | OfficerTrustee | 2 | $0 |
Kaleigh Branson-Hutchison Treasurer | OfficerTrustee | 2 | $0 |
Ana Smith Secretary | OfficerTrustee | 1 | $0 |
Barbara Burcope Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $6,270,258 |
| All other contributions, gifts, grants, and similar amounts not included above | $125,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,395,258 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $6,396,040 |
| 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. | $231,791 |
| Compensation of current officers, directors, key employees. | $86,359 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,565,003 |
| Pension plan accruals and contributions | $54,678 |
| Other employee benefits | $251,432 |
| Payroll taxes | $207,817 |
| Fees for services: Management | $26,550 |
| Fees for services: Legal | $7,288 |
| Fees for services: Accounting | $65,999 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $601,756 |
| Advertising and promotion | $1,977 |
| Office expenses | $349,581 |
| Information technology | $58,305 |
| Royalties | $0 |
| Occupancy | $193,206 |
| Travel | $44,423 |
| 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 | $41,284 |
| Insurance | $50,558 |
| All other expenses | $29 |
| Total functional expenses | $5,130,929 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,025,270 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $556,991 |
| 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 | $181,347 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,763,608 |
| Accounts payable and accrued expenses | $148,043 |
| 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 | $148,043 |
| Net assets without donor restrictions | $2,615,565 |
| 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 | $2,763,608 |