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Nonprofiteer
← HOLT INTERNATIONAL CHILDRENS SERVICES INC

Form 990 for tax year 2023

Filed by HOLT INTERNATIONAL CHILDRENS SERVICES INC.

Totals

Total revenue
$25,073,985
Total expenses
$24,936,196
Contributions and grants received
$19,610,490
Grants paid
$5,162,134
Program service revenue
$5,038,851
Investment income
$424,644
Other revenue
$0
Total assets, end of year
$19,793,400
Total liabilities, end of year
$3,211,041
Net assets or fund balances, end of year
$16,582,359
Program services expenses (Part IX)
$19,402,464
Management and general expenses
$2,352,373
Fundraising expenses
$3,181,359
Program service expenses (Part III)
$19,402,464

Program services were 77.8% 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

    $19,610,490

  • 1g · Noncash contributions included above

    $150,958

  • 2a · Program service revenue: ADOPTION FEES

    total $5,037,202 · related or exempt $5,037,202

  • 2b · Program service revenue: TRANSPORTATION

    total $1,649 · related or exempt $1,649

  • 3 · Investment income

    total $432,355 · excluded $432,355

  • 7a · Gross sales of assets other than inventory

    securities $430,340 · other assets $47

  • 7b · Less cost or other basis and sales expenses

    securities $438,098 · other assets $0

  • 7c · Gain or loss

    securities -$7,758 · other assets $47

  • 7d · Net gain or loss

    total -$7,711 · excluded -$7,711

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,377,394 · program services $1,377,394

  • 3 · Grants to foreign organizations and individuals

    total $3,784,740 · program services $3,784,740

  • 5 · Compensation of officers, directors and key employees

    total $391,459 · program services $99,315 · management and general $217,657 · fundraising $74,487

  • 7 · Other salaries and wages

    total $6,963,116 · program services $5,634,377 · management and general $697,014 · fundraising $631,725

  • 8 · Pension plan contributions

    total $371,928 · program services $282,441 · management and general $50,588 · fundraising $38,899

  • 9 · Other employee benefits

    total $1,134,690 · program services $853,763 · management and general $146,436 · fundraising $134,491

  • 10 · Payroll taxes

    total $617,542 · program services $476,499 · management and general $77,820 · fundraising $63,223

  • 11b · Fees: legal

    total $146,397 · program services $76,038 · management and general $51,413 · fundraising $18,946

  • 11c · Fees: accounting

    total $66,723 · program services $7,355 · management and general $59,368

  • 11d · Fees: lobbying

    total $150,400 · program services $150,400

  • 11e · Fees: professional fundraising services

    total $104,772 · fundraising $104,772

  • 11f · Fees: investment management

    total $83,942 · management and general $83,942

  • 11g · Fees: other

    total $2,488,959 · program services $1,764,038 · management and general $143,798 · fundraising $581,123

  • 12 · Advertising and promotion

    total $1,501,039 · program services $367,969 · management and general $6,345 · fundraising $1,126,725

  • 13 · Office expenses

    total $1,144,501 · program services $902,840 · management and general $57,602 · fundraising $184,059

  • 14 · Information technology

    total $501,834 · program services $139,443 · management and general $282,354 · fundraising $80,037

  • 16 · Occupancy

    total $513,417 · program services $480,049 · management and general $30,029 · fundraising $3,339

  • 17 · Travel

    total $1,067,819 · program services $892,272 · management and general $61,789 · fundraising $113,758

  • 20 · Interest

    total $13,908 · management and general $13,908

  • 22 · Depreciation, depletion and amortization

    total $749,996 · program services $704,623 · management and general $25,497 · fundraising $19,876

  • 23 · Insurance

    total $292,146 · program services $252,118 · management and general $40,028

  • 24a · Other expenses: CHILD CARE/CLOTHES/MED

    total $863,219 · program services $863,219

  • 24b · Other expenses: BAD DEBT

    total $280,699 · management and general $280,699

  • 24c · Other expenses: STAFF DEVELOPMENT

    total $187,228 · program services $170,733 · management and general $15,590 · fundraising $905

  • 24d · Other expenses: OTHER

    total $138,328 · program services $122,838 · management and general $10,496 · fundraising $4,994

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $385,689 · end of year $446,332

  • 2 · Savings and temporary cash investments

    beginning of year $701,198 · end of year $709,041

  • 3 · Pledges and grants receivable

    beginning of year $511,715 · end of year $560,793

  • 4 · Accounts receivable

    beginning of year $1,070,453 · end of year $726,306

  • 8 · Inventories for sale or use

    beginning of year $6,913 · end of year $6,913

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,135,816 · end of year $1,186,961

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

    $8,298,442

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

    $4,128,788

  • 10c · Land, buildings and equipment, net

    beginning of year $4,895,221 · end of year $4,169,654

  • 11 · Investments: publicly traded securities

    beginning of year $10,309,107 · end of year $11,794,933

  • 15 · Other assets

    beginning of year $248,694 · end of year $192,467

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,494,760 · end of year $1,507,865

  • 19 · Deferred revenue

    beginning of year $1,792,736 · end of year $1,182,682

  • 25 · Other liabilities

    beginning of year $899,247 · end of year $520,494

  • 27 · Net assets without donor restrictions

    beginning of year $10,305,119 · end of year $11,341,109

  • 28 · Net assets with donor restrictions

    beginning of year $4,772,944 · end of year $5,241,250

Mission and programs · 2023

Mission

SEE SCHEDULE O.HOLT INTERNATIONAL IS A CHRISTIAN ORGANIZATION COMMITTED TO EXPRESSING GOD'S COMPASSION FOR CHILDREN. WHILE ALWAYS UPHOLDING THE HIGHEST ETHICAL STANDARDS, WE: FIND AND SUPPORT PERMANENT, LOVING FAMILIES FOR CHILDREN WHO ARE ORPHANED, ABANDONED OR AT SERIOUS RISK OF SEPARATION FROM THEIR FAMILY; PROVIDE SERVICES TO ENSURE THAT CHILDREN WILL GROW AND DEVELOP TO THEIR FULLEST POTENTIAL; LEAD THE GLOBAL COMMUNITY IN ADVOCATING ON BEHALF OF THE WORLD'S MOST VULNERABLE CHILDREN.

Activities or mission (Part I)

EXPRESSING GOD'S COMPASSION FOR CHILDREN THROUGH ADOPTION.

  • I. AROUND THE WORLD, HOLT WORKS ALONGSIDE LOCAL PARTNERS TO HELP STRENGTHEN FAMILIES AT RISK OF SEPARATION, CARE FOR ORPHANED AND VULNERABLE CHILDREN, AND HELP CHILDREN REUNITE WITH THEIR FAMILIES OR JOIN FAMILIES THROUGH ADOPTION - EITHER IN THEIR BIRTH COUNTRY OR IN THE U.S. TO DEVELOP, SUSTAIN AND GROW OUR INTERNATIONAL PROGRAMS AND SERVICES, HOLT TEAMS COLLABORATE WITH OUR PARTNERS TO PROVIDE A VARIETY OF PROFESSIONAL SERVICES AND BUILD UP THE CAPACITY OF IN-COUNTRY STAFF. THESE SERVICES INCLUDE, FOR EXAMPLE, SOCIAL WORK TRAININGS TO STRENGTHEN THE SKILLS OF LOCAL SOCIAL WORKERS WHO SUPPORT AND COUNSEL FAMILIES, PERMANENCY PLANNING FOR CHILDREN ON TRACK FOR ADOPTION, MANAGEMENT AND PROGRAM DEVELOPMENT ASSISTANCE, AND NUTRITION AND FEEDING TRAININGS TO EMPOWER PARENTS AND ORPHANAGE CAREGIVERS WITH THE KNOWLEDGE THEY NEED TO PROVIDE BETTER NUTRITION FOR THE CHILDREN IN THEIR CARE - ESPECIALLY CHILDREN WITH SPECIAL MEDICAL OR PHYSICAL NEEDS. IN MANY COUNTRIES, HOLT ALSO HELPS FACILITATE JOB SKILLS TRAINING AND DONOR-FUNDED MICROLOAN PROGRAMS TO HELP STRUGGLING FAMILIES EARN A STABLE INCOME AND INDEPENDENTLY PROVIDE FOR THEIR CHILDREN.IN 2024, THROUGH HOLT'S INTERNATIONAL PROGRAMS AND SUPPORT, 29,023 CHILDREN RECEIVED THE VITAL SERVICES THEY NEEDED TO REMAIN OR REUNITE WITH THEIR BIRTH FAMILIES. OUR CHILD-CENTERED ORPHAN AND VULNERABLE CHILDREN CARE PROGRAMS MADE IT POSSIBLE FOR 3,692 CHILDREN TO RECEIVE NURTURING CARE IN HOLT FOSTER FAMILIES, GROUP HOME OR CARE CENTERS. ANOTHER 22,567 CHILDREN AND YOUNG ADULTS RECEIVED EDUCATIONAL SUPPORT - MANY OF THEM GIRLS AT RISK OF DROPPING OUT OF SCHOOL DUE TO GENDER DISCRIMINATION. A TOTAL OF 212,655 CHILDREN RECEIVED ESSENTIAL HEALTHCARE, INCLUDING LIFESAVING OR LIFE-CHANGING SURGERIES. THROUGH HOLT'S NUTRITION AND HEALTH PROGRAMS, 8,271 CAREGIVERS RECEIVED NUTRITION AND FEEDING TRAINING AND 195,386 CHILDREN RECEIVED NUTRITIONAL SUPPORT TO IMPROVE THEIR OVERALL HEALTH AND WELLBEING. AND AROUND THE WORLD IN 2024, HOLT PROVIDED OVER 2,361,064 MEALS PROVIDED TO CHILDREN AND OTHER INDIVIDUALS IN HOLT PROGRAMS.

    Expenses $12,341,221 · Grants $5,162,134 · Revenue $1,838,669

  • Withheld by Nonprofiteer: this text may name a private individual.

    Expenses $7,061,243 · Revenue $3,200,182

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.

Listed in Part VII

  • Daniel Smith

    PRESIDENT AND CEO

    Total calculated
    $253,327
    From this org
    $236,375
    From related orgs
    $0
    Other
    $16,952
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $236,375
    Bonus
    $0
    Other
    $0
    Deferred
    $16,567
    Nontaxable benefits
    $385
    Filer's total
    $253,327

  • Richard Ericson

    VP OF INFORMATION

    Total calculated
    $155,970
    From this org
    $120,599
    From related orgs
    $0
    Other
    $35,371
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $120,599
    Bonus
    $0
    Other
    $0
    Deferred
    $9,331
    Nontaxable benefits
    $26,040
    Filer's total
    $155,970

  • Thoa Bui

    VP OF INTERNATIONAL PROGRAMS

    Total calculated
    $154,457
    From this org
    $116,830
    From related orgs
    $0
    Other
    $37,627
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $116,830
    Bonus
    $0
    Other
    $0
    Deferred
    $9,204
    Nontaxable benefits
    $28,423
    Filer's total
    $154,457

  • Rebecca Osterman

    DIRECTOR OF ACCOUNTING

    Total calculated
    $134,485
    From this org
    $114,297
    From related orgs
    $0
    Other
    $20,188
    Hours/week
    40 + 1 related

  • Megan O'Leary

    SENIOR DIRECTOR OF HUMAN RESOURCES

    Total calculated
    $126,046
    From this org
    $105,624
    From related orgs
    $0
    Other
    $20,422
    Hours/week
    40

  • Sarah Halfman

    SENIOR EXECUTIVE OF PROGRAMS

    Total calculated
    $125,242
    From this org
    $107,143
    From related orgs
    $0
    Other
    $18,099
    Hours/week
    40

  • Lisa Vertulfo

    SR. EXEC. OF INTERCOUNTRY

    Total calculated
    $123,179
    From this org
    $103,484
    From related orgs
    $0
    Other
    $19,695
    Hours/week
    40

  • Derek Parker

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Dan Dietrich

    VICE-CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Tom Feely

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Linda Voelsch

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Kristine Altwies

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Rebecca Brandt

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Yolaine Dauphin

    DIRECTOR (THROUGH 11/2023)

    Total calculated
    $0
    Hours/week
    1

  • Margaret Fitch-Hauser

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kim Lee

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Mark Loux

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Cheryl Myers

    DIRECTOR (THROUGH 02/2024)

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Mary Salvadore

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Susan Tahir

    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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants 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.

  • HOLT INTERNATIONAL FOUNDATION OF CHINA

    501(C)(3) · GRANT- MAKING TO SUPPORT INTERNATIONAL ADOPTION, FOSTER CARE AND EDUCATIONS · OR · controlled entity

    Directly controlled by HOLT INTERNATIONAL CHILDREN'S SERVICES

Provenance

Return type
form_990
Tax year
2023
Filed
3 March 2025
IRS schema version
2023v6.0
Source object
202500669349301635

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