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Nonprofiteer
← GIFT OF ADOPTION FUND INC

Form 990 for tax year 2024

Filed by GIFT OF ADOPTION FUND INC.

Totals

Total revenue
$4,708,452
Total expenses
$4,401,096
Contributions and grants received
$3,937,700
Grants paid
$3,005,655
Program service revenue
$50,508
Investment income
$217,267
Other revenue
$502,977
Total assets, end of year
$5,122,432
Total liabilities, end of year
$1,689,798
Net assets or fund balances, end of year
$3,432,634
Program services expenses (Part IX)
$3,485,491
Management and general expenses
$545,235
Fundraising expenses
$370,370
Program service expenses (Part III)
$3,485,491

Program services were 79.2% 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.

  • 1c · Fundraising events

    $639,401

  • 1f · All other contributions, gifts and grants

    $3,298,299

  • 1g · Noncash contributions included above

    $157,734

  • 2a · Program service revenue: GRANT APPLICATION FEES

    total $50,508 · related or exempt $50,508

  • 3 · Investment income

    total $217,315 · excluded $217,315

  • 7a · Gross sales of assets other than inventory

    securities $1,004,850

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

    securities $1,004,898

  • 7c · Gain or loss

    securities -$48

  • 7d · Net gain or loss

    total -$48 · excluded -$48

  • 8a · Fundraising events: gross income

    $1,022,934

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

    $639,401

  • 8b · Fundraising events: direct expenses

    $519,957

  • 8c · Net income from fundraising events

    total $502,977 · excluded $502,977

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,500 · program services $1,500

  • 2 · Grants to domestic individuals

    total $3,004,155 · program services $3,004,155

  • 5 · Compensation of officers, directors and key employees

    total $280,032 · program services $88,518 · management and general $112,825 · fundraising $78,689

  • 7 · Other salaries and wages

    total $667,307 · program services $210,936 · management and general $268,858 · fundraising $187,513

  • 8 · Pension plan contributions

    total $14,033 · program services $4,436 · management and general $5,654 · fundraising $3,943

  • 9 · Other employee benefits

    total $67,435 · program services $21,316 · management and general $27,170 · fundraising $18,949

  • 10 · Payroll taxes

    total $66,813 · program services $21,120 · management and general $26,919 · fundraising $18,774

  • 11c · Fees: accounting

    total $33,425 · management and general $33,425

  • 11f · Fees: investment management

    total $3,461 · management and general $3,461

  • 11g · Fees: other

    total $69,663 · program services $50,965 · management and general $8,253 · fundraising $10,445

  • 12 · Advertising and promotion

    total $12,072 · program services $760 · management and general $968 · fundraising $10,344

  • 13 · Office expenses

    total $88,182 · program services $29,943 · management and general $34,310 · fundraising $23,929

  • 14 · Information technology

    total $18,013 · program services $5,694 · management and general $7,257 · fundraising $5,062

  • 16 · Occupancy

    total $13,341 · program services $4,217 · management and general $5,375 · fundraising $3,749

  • 17 · Travel

    total $13,608 · program services $4,301 · management and general $5,483 · fundraising $3,824

  • 19 · Conferences, conventions and meetings

    total $18,299 · program services $13,724 · management and general $1,830 · fundraising $2,745

  • 23 · Insurance

    total $8,556 · program services $2,705 · management and general $3,447 · fundraising $2,404

  • 24a · Other expenses: PROVISION FOR UNCOLLECT

    total $21,201 · program services $21,201

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,704,007 · end of year $1,742,710

  • 2 · Savings and temporary cash investments

    beginning of year $1,000,000 · end of year $1,000,000

  • 3 · Pledges and grants receivable

    beginning of year $471,930 · end of year $567,943

  • 4 · Accounts receivable

    beginning of year $23,449 · end of year $21,280

  • 9 · Prepaid expenses and deferred charges

    beginning of year $11,086 · end of year $60,317

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

    $19,667

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

    $19,667

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $1,306,978 · end of year $1,636,218

  • 15 · Other assets

    beginning of year $66,245 · end of year $93,964

  • 17 · Accounts payable and accrued expenses

    beginning of year $78,139 · end of year $73,782

  • 18 · Grants payable

    beginning of year $1,341,684 · end of year $1,464,612

  • 19 · Deferred revenue

    beginning of year $32,702 · end of year $55,376

  • 25 · Other liabilities

    beginning of year $67,721 · end of year $96,028

  • 27 · Net assets without donor restrictions

    beginning of year $2,099,131 · end of year $2,158,321

  • 28 · Net assets with donor restrictions

    beginning of year $964,318 · end of year $1,274,313

Mission and programs · 2024

Mission

GIFT OF ADOPTION PROVIDES ADOPTION ASSISTANCE GRANTS TO COMPLETE THE ADOPTIONS OF CHILDREN IN VULNERABLE SITUATIONS - GIVING THEM PERMANENT FAMILIES AND THE CHANCE TO THRIVE.

Activities or mission (Part I)

PROVIDE ADOPTION FINANCIAL ASSISTANCE TO QUALIFIED PARENTS TO COMPLETE THE ADOPTIONS OF CHILDREN IN VULNERABLE SITUATIONS.

  • PROVIDE ADOPTION ASSISTANCE GRANTS TO COMPLETE THE ADOPTIONS OF CHILDREN IN VULNERABLE SITUATIONS - GIVING THEM PERMANENT FAMILIES AND THE CHANCE TO THRIVE.

    Expenses $3,485,491 · Grants $3,005,655 · Revenue $50,508

As filed on the 2024 return.

Listed in Part VII

  • PAM DEVEREUX

    CEO

    Total calculated
    $141,626
    From this org
    $121,809
    From related orgs
    $0
    Other
    $19,817
    Hours/week
    40
  • JULIE PENDELL

    CHIEF DEVELOPMENT OFFICER

    Total calculated
    $134,988
    From this org
    $117,280
    From related orgs
    $0
    Other
    $17,708
    Hours/week
    40
  • BRIAN MURPHY

    CFO & COO

    Total calculated
    $132,766
    From this org
    $127,449
    From related orgs
    $0
    Other
    $5,317
    Hours/week
    40
  • STACEY WALSTRUM

    CHAPTER NETWORK OFFICER

    Total calculated
    $118,361
    From this org
    $102,265
    From related orgs
    $0
    Other
    $16,096
    Hours/week
    40
  • SHANEETRA GROSS

    CHIEF ADMINISTRATIVE OFFICER

    Total calculated
    $103,843
    From this org
    $101,068
    From related orgs
    $0
    Other
    $2,775
    Hours/week
    40
  • ANDREW SANDQUIST

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1
  • JOHN TILSON

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1
  • ANGELA MONTEZ

    SECRETARY

    Total calculated
    $0
    Hours/week
    1
  • CAROLYN WOZNICKI

    TREASURER

    Total calculated
    $0
    Hours/week
    1
  • ANDREA ARMSTRONG

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • JONATHAN BLOCK

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • MICHAEL CONWAY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • JASON DONNER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • EKATA DOSHI

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • KITTY ELSHOT SMITH

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • JOHN FERRIE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • SUSAN GARNER WENZEL

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • KATE GIBBONS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • ALISON GUTTERMAN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • TANYA HANNAH

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • BHARATI JAIN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • CORINNE MCCLINTIC

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • KIMBERLY MIYAZAWA FRANK

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • GREGORY RUSK

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • THOMAS SOUTHALL

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • GIRISH SRINIVASAN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • GREGORY STEMLER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • DONISE BROWN

    BOARD MEMBER - TERM

    Total calculated
    $0
    Hours/week
    1
  • GREGORY EWALD

    BOARD MEMBER - TERM

    Total calculated
    $0
    Hours/week
    1
  • TODD LOVELL

    BOARD MEMBER - TERM

    Total calculated
    $0
    Hours/week
    1
  • GLEN MANGOLD

    BOARD MEMBER - TERM

    Total calculated
    $0
    Hours/week
    1
  • SIDDARTH NAYAR

    BOARD MEMBER - TERM

    Total calculated
    $0
    Hours/week
    1
  • JEFFREY RAMSON

    BOARD MEMBER - TERM

    Total calculated
    $0
    Hours/week
    1
  • MARGARET REVORD

    BOARD MEMBER - TERM

    Total calculated
    $0
    Hours/week
    1
  • KAMESH SOMANCHI

    BOARD MEMBER - TERM

    Total calculated
    $0
    Hours/week
    1
  • JAMES VINT

    BOARD MEMBER - TERM

    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
2024
Filed
27 May 2025
IRS schema version
2024v5.1
Source object
202511609349300786

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