Massachusetts Adoption Resource Exchange Inc

Organization Overview

Massachusetts Adoption Resource Exchange Inc is located in Newton, MA. The organization was established in 1976. According to its NTEE Classification (P31) the organization is classified as: Adoption, under the broad grouping of Human Services and related organizations. As of 06/2021, Massachusetts Adoption Resource Exchange Inc employed 24 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Massachusetts Adoption Resource Exchange Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 06/2021, Massachusetts Adoption Resource Exchange Inc generated $1.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.6% each year. All expenses for the organization totaled $1.6m during the year ending 06/2021. While expenses have increased by 4.5% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

FINDING ADOPTIVE HOMES FOR CHILDREN BY MATCHING CHILDREN WITH POTENTIAL ADOPTIVE PARENTS AND PROVIDING INFORMATION ON CHILDREN AWAITING ADOPTION.

Describe the Organization's Program Activity:

Part 3 - Line 4a

FINDING ADOPTIVE HOMES FOR CHILDREN


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Board, Officers & Key Employees

Name (title)Compensation
Lisa Funaro
Executive Director
$124,421
Dana Lehman
President
$0
Tracy Aronson
Vice President
$0
Stephen Briggs
Treasurer
$0
Michele Benkis
Director
$0
Shawn Mcninch
Director
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Blue Cross Blue Shield
Health Insurance
$147,976
Ubc 5 Equity Partners
Rental Service
$138,976
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $210,341
All other contributions, gifts, grants, and similar amounts not included above$806,974
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$1,017,315
Total Program Service Revenue$786,948
Investment income $0
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $126,277
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,930,540

Grants Recieved

Over the last fiscal year, we have identified 20 grants that Massachusetts Adoption Resource Exchange Inc has recieved totaling $487,151.

Awarding OrganizationAmount
Dave Thomas Foundation For Adoption

Dublin, OH

PURPOSE: WENDY'S WONDERFUL KIDS GRANTS

$150,000
Liberty Mutual Foundation Inc

Boston, MA

PURPOSE: COVID-19 PHASE III RESPONSE (2021) - FOSTER CARE

$125,000
Jack & Marci Williams Endowment For Wednesdays Child Inc

Weston, MA

PURPOSE: ASSIST SPECIAL NEEDS, ADOPTIVE, AND/OR OTHER CHILDREN WITH FINDING PERMANENT HOMES.

$50,000
George Frederick Jewett Foundation East

St Paul, MN

PURPOSE: SUPPORT FAMILIES OF COLOR OUTREACH COORDINATOR POSITION

$50,000
Philanthropy Connection Inc

Cambridge, MA

PURPOSE: To provide funding

$25,000
American Online Giving Foundation Inc

Newark, DE

PURPOSE: GENERAL SUPPORT

$12,767
View Grant Recipient Profile

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