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Nonprofiteer
← MASSACHUSETTS ADOPTION RESOURCE EXCHANGE INC

Form 990 for tax year 2022

Filed by MASSACHUSETTS ADOPTION RESOURCE EXCHANGE INC.

Totals

Total revenue
$1,869,280
Total expenses
$1,910,480
Contributions and grants received
$903,153
Grants paid
$0
Program service revenue
$849,673
Investment income
$0
Other revenue
$116,454
Total assets, end of year
$904,673
Total liabilities, end of year
$302,168
Net assets or fund balances, end of year
$602,505
Program services expenses (Part IX)
$1,587,392
Management and general expenses
$187,879
Fundraising expenses
$135,209
Program service expenses (Part III)
$1,587,392

Program services were 83.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $903,153

  • 1g · Noncash contributions included above

    $6,220

  • 2a · Program service revenue: FEES AND CONTRACTS FRO

    total $849,673 · related or exempt $849,673

  • 8a · Fundraising events: gross income

    $151,588

  • 8b · Fundraising events: direct expenses

    $35,134

  • 8c · Net income from fundraising events

    total $116,454 · excluded $116,454

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $134,766 · program services $115,283 · management and general $9,711 · fundraising $9,772

  • 7 · Other salaries and wages

    total $1,179,006 · program services $1,007,659 · management and general $85,306 · fundraising $86,041

  • 8 · Pension plan contributions

    total $15,983 · program services $14,285 · management and general $913 · fundraising $785

  • 9 · Other employee benefits

    total $126,609 · program services $113,158 · management and general $7,233 · fundraising $6,218

  • 10 · Payroll taxes

    total $104,576 · program services $87,125 · management and general $9,135 · fundraising $8,316

  • 11c · Fees: accounting

    total $23,519 · management and general $23,519

  • 11g · Fees: other

    total $18,638 · program services $13,107 · management and general $2,764 · fundraising $2,767

  • 12 · Advertising and promotion

    total $4,677 · fundraising $4,677

  • 13 · Office expenses

    total $78,077 · program services $42,878 · management and general $25,291 · fundraising $9,908

  • 16 · Occupancy

    total $143,784 · program services $137,878 · management and general $3,220 · fundraising $2,686

  • 17 · Travel

    total $24,565 · program services $23,741 · management and general $824

  • 19 · Conferences, conventions and meetings

    total $7,353 · program services $4,519 · management and general $2,834

  • 22 · Depreciation, depletion and amortization

    total $8,147 · management and general $8,147

  • 23 · Insurance

    total $14,740 · program services $6,412 · management and general $6,330 · fundraising $1,998

  • 24a · Other expenses: ADOPTION PARTIES

    total $9,722 · program services $8,900 · fundraising $822

  • 24b · Other expenses: STAFF DEVELOPMENT

    total $9,520 · program services $6,820 · management and general $2,537 · fundraising $163

  • 24c · Other expenses: COMMUNITY OUTREACH

    total $5,627 · program services $5,627

  • 24d · Other expenses: POSTAGE

    total $1,171 · management and general $115 · fundraising $1,056

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $658,142 · end of year $617,483

  • 4 · Accounts receivable

    beginning of year $65,579 · end of year $70,806

  • 9 · Prepaid expenses and deferred charges

    beginning of year $12,109 · end of year $0

  • 10a · Land, buildings and equipment: cost or other basis

    $290,506

  • 10b · Land, buildings and equipment: accumulated depreciation

    $273,995

  • 10c · Land, buildings and equipment, net

    beginning of year $21,612 · end of year $16,511

  • 15 · Other assets

    beginning of year $20,768 · end of year $199,873

  • 17 · Accounts payable and accrued expenses

    beginning of year $96,240 · end of year $104,607

  • 19 · Deferred revenue

    beginning of year $38,265 · end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $197,561

  • 27 · Net assets without donor restrictions

    beginning of year $327,626 · end of year $471,614

  • 28 · Net assets with donor restrictions

    beginning of year $316,079 · end of year $130,891

Mission and programs · 2022

Mission

THE MASSACHUSETTS ADOPTION RESOURCE EXCHANGE EXISTS TO FIND "A PERMANENT PLACE TO CALL HOME" FOR CHILDREN IN FOSTER CARE IN MASSACHUSETTS, INCLUDING SIBLING GROUPS AND CHILDREN WHO ARE TRADITIONALLY HARDER TO PLACE. WE DO THIS BY RECRUITING, EDUCATING, SUPPORTING AND ADVOCATING FOR FAMILIES THROUGHOUT THE ADOPTION PROCESS WHILE TARGETING RECRUITMENT EFFORTS TO ATTRACT POTENTIAL PARENTS FOR SPECIFIC CHILDREN. WE ARE THE COMMONWEALTH'S CENTRAL CLEARINGHOUSE FOR ADOPTION INFORMATION AND REFERRAL, AND WE WORK TO IDENTIFY MATCHES BETWEEN CHILDREN AND FAMILIES.

Activities or mission (Part I)

FINDING ADOPTIVE HOMES FOR CHILDREN BY MATCHING CHILDREN WITH POTENTIAL ADOPTIVE PARENTS AND PROVIDING INFORMATION ON CHILDREN AWAITING ADOPTION.

  • FINDING ADOPTIVE HOMES FOR CHILDREN.

    Expenses $1,587,392 · Revenue $849,673

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Tracy Aronson

    CO-PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Shawn McNinch

    CO-PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Stephen Briggs

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Kelli Powell

    CLERK

    Total calculated
    $0
    Hours/week
    1

  • Bridget Chiaruttini

    EXECUTIVE DIRECTOR

    Total calculated
    $118,020
    From this org
    $115,410
    From related orgs
    $0
    Other
    $2,610
    Hours/week
    35

  • Dana Lehman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Tony Lacasse

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Deborah Yamin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Michele Benkis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Carly Burton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jinnie Reed

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Gary Lyon

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kevin Cotreau

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • David Gellar

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Tim Eisenstadt

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
18 April 2024
IRS schema version
2022v5.0
Source object
202401149349300935

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