Form 990 for tax year 2023
Filed by MADISON ADOPTION ASSOCIATES LTD.
Totals
- Total revenue
- $1,782,616
- Total expenses
- $2,420,200
- Contributions and grants received
- $163,363
- Grants paid
- $222,787
- Program service revenue
- $1,594,931
- Investment income
- $24,109
- Other revenue
- $213
- Total assets, end of year
- $1,360,987
- Total liabilities, end of year
- $250,862
- Net assets or fund balances, end of year
- $1,110,125
- Program services expenses (Part IX)
- $2,231,221
- Management and general expenses
- $127,229
- Fundraising expenses
- $61,750
- Program service expenses (Part III)
- $2,231,221
Program services were 92.2% 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
$163,363
-
3 · Investment income
total $24,109 · related or exempt $24,109
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11e · Other revenue, total
$213
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $4,310 · program services $4,310
-
2 · Grants to domestic individuals
total $74,537 · program services $74,537
-
3 · Grants to foreign organizations and individuals
total $143,940 · program services $143,940
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $276,260 · program services $248,634 · management and general $13,813 · fundraising $13,813
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $958,732 · program services $862,858 · management and general $47,937 · fundraising $47,937
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $9,790 · program services $9,300 · management and general $490
-
10 · Payroll taxes
total $98,665 · program services $93,732 · management and general $4,933
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $1,000 · management and general $1,000
-
11c · Fees: accounting
total $10,000 · management and general $10,000
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $147,343 · program services $137,989 · management and general $9,354
-
12 · Advertising and promotion
total $3,928 · program services $3,732 · management and general $196
-
13 · Office expenses
total $14,926 · program services $13,433 · management and general $1,493
-
14 · Information technology
total $49,902 · program services $44,912 · management and general $4,990
-
15 · Royalties
total $0
-
16 · Occupancy
total $59,571 · program services $53,614 · management and general $5,957
-
17 · Travel
total $79,137 · program services $71,223 · management and general $7,914
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $7,300 · management and general $7,300
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $4,800 · management and general $4,800
-
23 · Insurance
total $35,198 · program services $31,678 · management and general $3,520
-
24a · Other expenses: FOREIGN ADOPTION
total $280,293 · program services $280,293
-
24b · Other expenses: PROGRAM
total $96,345 · program services $96,345
-
24c · Other expenses: Postage and Shipping
total $36,132 · program services $35,409 · management and general $723
-
24d · Other expenses: EQUIPMENT RENTAL & MAINTENANCE
total $10,063 · program services $9,057 · management and general $1,006
-
24e · All other expenses
total $18,028 · program services $16,225 · management and general $1,803
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $2,080,751 · end of year $1,333,542
-
2 · Savings and temporary cash investments
end of year $0
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
end of year $0
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
end of year $0
-
10a · Land, buildings and equipment: cost or other basis
$77,373
-
10b · Land, buildings and equipment: accumulated depreciation
$52,303
-
10c · Land, buildings and equipment, net
beginning of year $29,870 · end of year $25,070
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
beginning of year $2,375 · end of year $2,375
-
17 · Accounts payable and accrued expenses
beginning of year $27,873 · end of year $22,791
-
19 · Deferred revenue
beginning of year $6,808 · end of year $7,565
-
25 · Other liabilities
beginning of year $330,292 · end of year $220,506
-
27 · Net assets without donor restrictions
beginning of year $1,535,025 · end of year $978,806
-
28 · Net assets with donor restrictions
beginning of year $212,998 · end of year $131,319
Mission and programs · 2023
Mission
TO BRING HOPE, LOVE AND CONNECTION BY SERVING CHILDREN, INDIVIDUALS, AND FAMILIES IN THE AREAS OF ADOPTION, FOSTER CARE, AND SUPPORT SERVICES.
-
SECURING STABLE AND LOVING PERMANENT FAMILIES FOR CHILDREN THROUGH PRE-ADOPTION PREPARATION, EDUCATION, GUIDANCE, SUPPORT, AND POST ADOPTION SERVICES.
Expenses $2,231,221 · Grants $222,787 · Revenue $1,619,253
As filed on the 2023 return.
Listed in Part VII
-
Diana DegrootDIANA DEGROOT
EXECUTIVE DIR.
- Total calculated
- $143,333
- From this org
- $143,333
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Aleda MadisonALEDA MADISON
FOUNDER
- Total calculated
- $132,927
- From this org
- $132,927
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Martin KonovMARTIN KONOV
PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
Bonnie CallahanBONNIE CALLAHAN
BOARD TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Marilyn DirksMARILYN DIRKS
BOARD TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Lynne MarkowitzLYNNE MARKOWITZ
President
- Total calculated
- $0
- Hours/week
- 1
-
Michelle SmithMICHELLE SMITH
BOARD TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Donald TemmeDONALD TEMME
BOARD TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Erin SchmidtERIN SCHMIDT
BOARD TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Mia JohnsonMIA JOHNSON
BOARD TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Jeremy JohnsonJEREMY JOHNSON
BOARD ADVISOR
- Total calculated
- $0
- Hours/week
- 1
-
Michelle Coady CarterMICHELLE COADY CARTER
BOARD TRUSTEE
- 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
- 2023
- Filed
- 23 September 2024
- IRS schema version
- 2023v5.1
- Source object
- 202412679349301511
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