Addy S Hope Adoption Agency
- Assets
- $754.8k
- Revenue
- $425.6k
- Investments
- $0.0
- Employees
- 5
- Location
- Midland, TX
- Founding
- 10/2005
- Data as of
- 12/2022
- EIN
- 20-1760379
Organization Overview
Addy S Hope Adoption Agency is located in Midland, TX. The organization was established in 2005. According to its NTEE Classification (P31) the organization is classified as: Adoption, under the broad grouping of Human Services and related organizations. As of 12/2022, Addy S Hope Adoption Agency employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Addy S Hope Adoption Agency 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 12/2022, Addy S Hope Adoption Agency generated $425.6k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 25.7% each year . All expenses for the organization totaled $421.0k during the year ending 12/2022. While expenses have increased by 21.5% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
A NON-PROFIT CHILD PLACING AGENCY LICENSED BY THE STATE OF TEXAS DEDICATED TO UNITING CHRISTIAN FAMILIES WITH THE CHILDREN WHO NEED THEM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOR THE YEAR ENDED DECEMBER 31, 2022, THE ORGANIZATION OPERATED THE FOLLOWING PROGRAMS:BEAUTY FROM ASHES-OUR TRADITIONAL INFANT ADOPTION PROGRAM. SERVICES PROVIDED INCLUDE: SUPPORT OF BIRTH MOTHERS, ADOPTION PLANNING, TRAINING, HOME STUDY SERVICES, PLACEMENT, AND MONITORING OF THE PLACEMENT. OUR CASE MANAGERS ARE AVAILABLE TO BOTH THE BIRTH MOTHER AS WELL AS THE ADOPTIVE FAMILY FROM THE TIME OF MATCH UNTIL SERVICES ARE NO LONGER NEEDED, INCLUDING AFTER THE CHILD IS PLACED.THEY WAIT-OUR CHILD WAITING PROGRAM IN WHICH CHILDREN IN THE CUSTODY OF TEXAS DFPS AND ARE LEGALLY FREE FOR ADOPTION ARE PLACED INTO ADOPTIVE HOMES. THE SERVICES PROVIDED TO THE FAMILIES INCLUDE: RECRUITMENT AND TRAINING OF ADOPTIVE PARENTS, HOME STUDY SERVICES, CHILD MATCHING, PLACEMENT MONITORING, AND SUPPORT TO CHILDREN AND FAMILIES THROUGH THE ENTIRE PROCESS.SUSTAINING HOPE-OUR POST-ADOPT PROGRAM THAT SUPPORT ANY OF OUR AGENCYS FAMILIES WHO HAVE COMPLETED AN ADOPTION. SERVICES INCLUDE CRISIS INTERVENTION, BEHAVIORAL INTERVENTION, HELP WITH LOCATING FACILITIES AND PROVIDERS FOR NEEDED SERVICES, AS WELL AS FAMILY PRESERVATION SUPPORT. AS AN AGENCY WE HAVE WORKED WITH OVER 100 FAMILIES AND ALL POST-ADOPT SERVICES ARE AVAILABLE TO EACH OF THEM.FUTURE HOPE-OUR PROGRAM FOR YOUNG MEN WHO ARE AGING OUT OF FOSTER CARE. FUTURE HOPE SERVES YOUNG MEN 18-22 TRANSITIONING TO SUCCESS IN LIFE FROM THE FOSTER CARE SYSTEM BY: PROVIDING A FURNISHED STUDIO APARTMENT, EQUIPPING THEM WITH LIFE SKILLS, SUPPORTING THEM THROUGH RELATIONSHIPS, AND LINKING THEM TO EDUCATION, MENTORS, AND COMMUNITY PARTNERS. THIS PROGRAM INCLUDES HOPE CROSSING, A 14 UNIT APARTMENT COMPLEX BUILT ON OUR PROPERTY. YOUNG MEN WHO ARE PART OF THIS PROGRAM WILL LIE AT HOPE CROSSING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Hollyann Petree Executive Director | 40 | $79,235 | |
John Petree President | OfficerTrustee | 2 | $0 |
Skip Ziegler Vice President | OfficerTrustee | 2 | $0 |
Jimmy Boen Treasurer | OfficerTrustee | 2 | $0 |
Ciana Smith Director | Trustee | 1 | $0 |
Will Culpepper Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $196,592 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $196,592 |
| Total Program Service Revenue | $217,893 |
| 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 | $4,667 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $425,614 |
| 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. | $79,235 |
| Compensation of current officers, directors, key employees. | $15,847 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $175,194 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,417 |
| Payroll taxes | $25,904 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,882 |
| Advertising and promotion | $8,271 |
| Office expenses | $4,518 |
| Information technology | $22,608 |
| Royalties | $0 |
| Occupancy | $27,546 |
| Travel | $8,161 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $604 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,198 |
| Insurance | $24,884 |
| All other expenses | $9,391 |
| Total functional expenses | $421,048 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $201,960 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $250 |
| 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 | $0 |
| Net Land, buildings, and equipment | $552,583 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $754,793 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $198,446 |
| Unsecured mortgages and notes payable | $499,900 |
| Other liabilities | $2,753 |
| Total liabilities | $701,099 |
| Net assets without donor restrictions | $53,694 |
| Net assets with donor restrictions | $0 |
| 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 | $754,793 |