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Nonprofiteer
← CAROLINA ADOPTION SERVICES INC

Form 990 for tax year 2024

Filed by CAROLINA ADOPTION SERVICES INC.

Totals

Total revenue
$1,352,821
Total expenses
$1,266,547
Contributions and grants received
$190,179
Grants paid
$0
Program service revenue
$877,651
Investment income
$38,224
Other revenue
$246,767
Total assets, end of year
$477,282
Total liabilities, end of year
$668,195
Net assets or fund balances, end of year
-$190,913
Program services expenses (Part IX)
$1,088,335
Management and general expenses
$169,103
Fundraising expenses
$9,109
Program service expenses (Part III)
$1,088,335

Program services were 85.9% 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

    $61,323

  • 1f · All other contributions, gifts and grants

    $128,856

  • 2a · Program service revenue: FOSTER CARE FEES

    total $278,241 · related or exempt $278,241

  • 2b · Program service revenue: FOREIGN ADOPTION FEES

    total $212,955 · related or exempt $212,955

  • 2c · Program service revenue: HOMESTUDY FEES

    total $184,430 · related or exempt $184,430

  • 2d · Program service revenue: DOMESTIC ADOPTION FEES

    total $115,000 · related or exempt $115,000

  • 2e · Program service revenue: POST ADOPTION FEES

    total $47,025 · related or exempt $47,025

  • 2f · All other program service revenue

    total $40,000 · related or exempt $40,000

  • 3 · Investment income

    total $38,224 · excluded $38,224

  • 8a · Fundraising events: gross income

    $10,705

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

    $61,323

  • 8b · Fundraising events: direct expenses

    $16,332

  • 8c · Net income from fundraising events

    total -$5,627 · excluded -$5,627

  • 11a · Other revenue: EMPLOYEE RETENTION CRE

    total $171,088 · related or exempt $171,088

  • 11b · Other revenue: PASSTHROUGH RECEIPTS/E

    total $73,840 · related or exempt $73,840

  • 11c · Other revenue: OTHER FEES AND INCOME

    total $7,466 · related or exempt $7,466

  • 11e · Other revenue, total

    $252,394

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $97,500 · program services $96,525 · fundraising $975

  • 7 · Other salaries and wages

    total $598,424 · program services $453,255 · management and general $139,185 · fundraising $5,984

  • 9 · Other employee benefits

    total $47,259 · program services $36,625 · management and general $10,170 · fundraising $464

  • 10 · Payroll taxes

    total $56,580 · program services $44,698 · management and general $11,316 · fundraising $566

  • 11b · Fees: legal

    total $7,055 · program services $7,055

  • 11c · Fees: accounting

    total $37,600 · program services $37,600

  • 11g · Fees: other

    total $20,083 · program services $20,083

  • 12 · Advertising and promotion

    total $11,041 · program services $11,041

  • 13 · Office expenses

    total $21,711 · program services $21,711

  • 14 · Information technology

    total $39,584 · program services $39,584

  • 16 · Occupancy

    total $42,082 · program services $42,082

  • 17 · Travel

    total $41,793 · program services $41,793

  • 19 · Conferences, conventions and meetings

    total $626 · program services $626

  • 20 · Interest

    total $23,513 · program services $23,513

  • 22 · Depreciation, depletion and amortization

    total $20,090 · program services $20,090

  • 23 · Insurance

    total $29,792 · program services $29,792

  • 24a · Other expenses: FOSTER PAYOUTS

    total $119,876 · program services $119,876

  • 24b · Other expenses: MISC EXPENSES

    total $12,466 · program services $3,426 · management and general $8,240 · fundraising $800

  • 24c · Other expenses: BANK CHARGES

    total $11,654 · program services $11,654

  • 24d · Other expenses: PROGRAM DEVELOPMENT

    total $10,822 · program services $10,822

  • 24e · All other expenses

    total $16,996 · program services $16,484 · management and general $192 · fundraising $320

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $184,899 · end of year $317,037

  • 4 · Accounts receivable

    beginning of year $25,809 · end of year $102,256

  • 9 · Prepaid expenses and deferred charges

    beginning of year $3,694 · end of year $5,934

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

    $108,244

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

    $101,546

  • 10c · Land, buildings and equipment, net

    beginning of year $14,476 · end of year $6,698

  • 11 · Investments: publicly traded securities

    beginning of year $18,645 · end of year $18,642

  • 14 · Intangible assets

    beginning of year $38,588 · end of year $26,715

  • 17 · Accounts payable and accrued expenses

    beginning of year $90,752 · end of year $103,404

  • 19 · Deferred revenue

    beginning of year $100,087 · end of year $103,627

  • 24 · Unsecured notes and loans payable

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

  • 25 · Other liabilities

    beginning of year $197,459 · end of year $286,164

  • 27 · Net assets without donor restrictions

    beginning of year -$325,429 · end of year -$261,711

  • 28 · Net assets with donor restrictions

    beginning of year $48,242 · end of year $70,798

Mission and programs · 2024

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 $1,088,335 · Revenue $1,130,045

As filed on the 2024 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
    $94,915
    From this org
    $94,915
    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
2024
Filed
14 August 2025
IRS schema version
2024v5.2
Source object
202542269349300149

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