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.
Form
990
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
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Lisa Funaro Executive Director | OfficerTrustee | 35 | $124,421 |
Dana Lehman President | OfficerTrustee | 1 | $0 |
Tracy Aronson Vice President | OfficerTrustee | 1 | $0 |
Stephen Briggs Treasurer | OfficerTrustee | 1 | $0 |
Michele Benkis Director | Trustee | 1 | $0 |
Shawn Mcninch Director | Trustee | 1 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Blue Cross Blue Shield Health Insurance | 6/29/21 | $147,976 |
Ubc 5 Equity Partners Rental Service | 6/29/21 | $138,976 |
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 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $151,166 |
Compensation of current officers, directors, key employees. | $17,245 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $971,964 |
Pension plan accruals and contributions | $11,874 |
Other employee benefits | $99,949 |
Payroll taxes | $98,080 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $22,500 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $41,578 |
Advertising and promotion | $961 |
Office expenses | $54,997 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $137,850 |
Travel | $9,696 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $1,975 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $9,289 |
Insurance | $13,678 |
All other expenses | $0 |
Total functional expenses | $1,645,274 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $609,613 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $65,579 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $21,218 |
Net Land, buildings, and equipment | $24,843 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $20,768 |
Total assets | $742,021 |
Accounts payable and accrued expenses | $102,593 |
Grants payable | $0 |
Deferred revenue | $47,897 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $150,490 |
Net assets without donor restrictions | $314,619 |
Net assets with donor restrictions | $276,912 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $742,021 |
Over the last fiscal year, we have identified 20 grants that Massachusetts Adoption Resource Exchange Inc has recieved totaling $487,151.
Awarding Organization | Amount |
---|---|
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 |
Organization Name | Assets | Revenue |
---|---|---|
Jewish Nursing Home Of Western Mass Inc Longmeadow, MA | $27,155,425 | $18,778,772 |
Spence-Chapin Services To Families And Children New York, NY | $55,626,653 | $6,889,323 |
Jewish Family Service Of Metrowest Inc Framingham, MA | $7,697,160 | $4,122,609 |
Adoption Rhode Island Providence, RI | $1,233,590 | $2,908,232 |
Adoption S T A R Inc Amherst, NY | $4,391,304 | $2,204,683 |
Adoptions With Love Inc Newton, MA | $6,854,503 | $2,266,222 |
New York Council On Adoptable Children Inc New York, NY | $899,039 | $1,755,117 |
Massachusetts Adoption Resource Exchange Inc Newton, MA | $742,021 | $1,930,540 |
Alliance For Children Inc Needham, MA | $373,435 | $1,274,466 |
You Gotta Believe The Older Child Adoption & Permanency Movement Brooklyn, NY | $2,225,468 | $1,518,873 |
Helpusadopt Org Inc New York, NY | $3,079,622 | $1,835,004 |
Friends In Adoption Inc Castleton, VT | $2,874,913 | $1,195,088 |