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Nonprofiteer
← CAROLINA ADOPTION SERVICES INC

Form 990 for tax year 2025

Filed by CAROLINA ADOPTION SERVICES INC.

Totals

Total revenue
$1,572,369
Total expenses
$1,488,026
Contributions and grants received
$289,620
Grants paid
$0
Program service revenue
$1,152,084
Investment income
$21,760
Other revenue
$108,905
Total assets, end of year
$628,907
Total liabilities, end of year
$733,050
Net assets or fund balances, end of year
-$104,143
Program services expenses (Part IX)
$1,220,120
Management and general expenses
$210,067
Fundraising expenses
$57,839
Program service expenses (Part III)
$1,220,120

Program services were 82.0% 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.

  • 1c · Fundraising events

    $7,000

  • 1e · Government grants (contributions)

    $78,008

  • 1f · All other contributions, gifts and grants

    $204,612

  • 2a · Program service revenue: FOSTER CARE FEES

    total $496,731 · related or exempt $496,731

  • 2b · Program service revenue: DOMESTIC ADOPTION FEES

    total $211,971 · related or exempt $211,971

  • 2c · Program service revenue: FOREIGN ADOPTION FEES

    total $197,466 · related or exempt $197,466

  • 2d · Program service revenue: HOMESTUDY FEES

    total $143,850 · related or exempt $143,850

  • 2e · Program service revenue: POST ADOPTION FEES

    total $74,066 · related or exempt $74,066

  • 2f · All other program service revenue

    total $28,000 · related or exempt $28,000

  • 3 · Investment income

    total $21,760 · excluded $21,760

  • 8a · Fundraising events: gross income

    $77,670

  • 8a · Fundraising events: contributions included on line 1c

    $7,000

  • 8b · Fundraising events: direct expenses

    $32,789

  • 8c · Net income from fundraising events

    total $44,881 · excluded $44,881

  • 11a · Other revenue: PASSTHROUGH RECEIPTS/E

    total $50,637 · related or exempt $50,637

  • 11b · Other revenue: MISCELLANEOUS REVENUE

    total $13,387 · related or exempt $13,387

  • 11e · Other revenue, total

    $64,024

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $99,889 · program services $98,890 · fundraising $999

  • 7 · Other salaries and wages

    total $702,540 · program services $531,442 · management and general $148,755 · fundraising $22,343

  • 10 · Payroll taxes

    total $64,940 · program services $49,955 · management and general $13,199 · fundraising $1,786

  • 11b · Fees: legal

    total $14,111 · program services $14,111

  • 11c · Fees: accounting

    total $37,891 · program services $28,418 · management and general $5,684 · fundraising $3,789

  • 11g · Fees: other

    total $28,791 · program services $27,509 · management and general $684 · fundraising $598

  • 12 · Advertising and promotion

    total $13,865 · program services $9,706 · management and general $693 · fundraising $3,466

  • 13 · Office expenses

    total $34,271 · program services $23,683 · management and general $5,294 · fundraising $5,294

  • 14 · Information technology

    total $54,674 · program services $41,861 · management and general $8,486 · fundraising $4,327

  • 16 · Occupancy

    total $43,761 · program services $34,954 · management and general $5,746 · fundraising $3,061

  • 17 · Travel

    total $9,172 · program services $8,535 · management and general $382 · fundraising $255

  • 20 · Interest

    total $7,714 · program services $5,907 · management and general $1,084 · fundraising $723

  • 22 · Depreciation, depletion and amortization

    total $14,267 · program services $12,927 · management and general $804 · fundraising $536

  • 23 · Insurance

    total $91,916 · program services $67,555 · management and general $15,802 · fundraising $8,559

  • 24a · Other expenses: FOSTER PAYOUTS

    total $180,698 · program services $180,698

  • 24b · Other expenses: TRAVEL

    total $44,477 · program services $44,477

  • 24c · Other expenses: BANK CHARGES

    total $19,256 · program services $17,968 · management and general $647 · fundraising $641

  • 24d · Other expenses: UTILITIES

    total $12,341 · program services $8,639 · management and general $2,468 · fundraising $1,234

  • 24e · All other expenses

    total $13,452 · program services $12,885 · management and general $339 · fundraising $228

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $317,037 · end of year $342,693

  • 4 · Accounts receivable

    beginning of year $102,256 · end of year $93,802

  • 9 · Prepaid expenses and deferred charges

    beginning of year $5,934 · end of year $300

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

    $111,956

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

    $97,396

  • 10c · Land, buildings and equipment, net

    beginning of year $6,698 · end of year $14,560

  • 11 · Investments: publicly traded securities

    beginning of year $18,642 · end of year $21,069

  • 14 · Intangible assets

    beginning of year $26,715 · end of year $156,483

  • 17 · Accounts payable and accrued expenses

    beginning of year $103,404 · end of year $50,276

  • 19 · Deferred revenue

    beginning of year $103,627 · end of year $100,399

  • 24 · Unsecured notes and loans payable

    beginning of year $175,000 · end of year $180,000

  • 25 · Other liabilities

    beginning of year $286,164 · end of year $402,375

  • 27 · Net assets without donor restrictions

    beginning of year -$261,711 · end of year -$134,169

  • 28 · Net assets with donor restrictions

    beginning of year $70,798 · end of year $30,026

Mission and programs · 2025

Mission

CAROLINA ADOPTION SERVICES PROVIDES INTERNATIONAL AND DOMESTIC ADOPTION SERVICES, FOSTER CARE, HOME STUDIES, AND POST ADOPTION SUPPORT FOR CHILDREN, YOUTH AND ADOPTIVE FAMILIES.

Activities or mission (Part I)

CAROLINA ADOPTION SERVICES PROVIDES INTERNATIONAL AND DOMESTIC ADOPTION SERVICES, FOSTER CARE, HOME STUDIES, AND POST ADOPTION SUPPORTS FOR CHILDREN, YOUTH AND ADOPTIVE FAMILIES.

  • CAROLINA ADOPTION SERVICES, INC. PROVIDES INTERNATIONAL AND DOMESTIC ADOPTION SERVICES, FOSTER CARE, HOME STUDIES, AND POST ADOPTION SUPPORT FOR CHILDREN, YOUTH AND ADOPTIVE FAMILIES.

    Expenses $1,220,120 · Revenue $1,216,108

As filed on the 2025 return.

Listed in Part VII

  • Doug Davis

    CHAIR

    Total calculated
    $0
    Hours/week
    0

  • Kendra Parker

    SECRETARY

    Total calculated
    $0
    Hours/week
    0

  • Kathryn Lindley

    TREASURER

    Total calculated
    $0
    Hours/week
    0

  • Angela Fuller

    MEMBER

    Total calculated
    $0
    Hours/week
    0

  • Robert Garren

    MEMBER

    Total calculated
    $0
    Hours/week
    0

  • James Kernerly

    MEMBER

    Total calculated
    $0
    Hours/week
    0

  • Phyllis Stephenson

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $99,889
    From this org
    $99,889
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

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.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2025
Filed
16 July 2026
IRS schema version
2025v4.2
Source object
202611979349300616

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