Adoption Resource Center
- Assets
- $212.8k
- Revenue
- $749.6k
- Investments
- $0.0
- Employees
- 10
- Location
- Cherry Hill, NJ
- Founding
- 12/1994
- Data as of
- 12/2022
- EIN
- 23-2761554
Organization Overview
Adoption Resource Center is located in Cherry Hill, NJ. The organization was established in 1994. According to its NTEE Classification (P50) the organization is classified as: Personal Social Services, under the broad grouping of Human Services and related organizations. As of 12/2022, Adoption Resource Center employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Adoption Resource Center 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, Adoption Resource Center generated $749.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.7%) each year. All expenses for the organization totaled $792.2k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (3.6%) per year over the past 8 years. 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
ADOPTION SERVICES- THE PRIMARY PURPOSE OF ADOPTION RESOURCE CENTER IS TO PROVIDE A COMPLETE SPECTRUM OF ADOPTION SERVICES TO BIRTH FAMILIES, CHILDREN AND ADOPTIVE FAMILIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
ADOPTION SERVICES- THE PRIMARY PURPOSE OF ADOPTION RESOURCE CENTER IS TO PROVIDE A COMPLETE SPECTRUM OF ADOPTION SERVICES TO BIRTH FAMILIES, CHILDREN AND ADOPTIVE FAMILIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Merle Gutterman Executive Direc | OfficerTrustee | 40 | $130,000 |
Harold Sampson CPA President | OfficerTrustee | 0 | $0 |
Deneen Young Vice President | OfficerTrustee | 0 | $0 |
Michelle Folkman MD Ms Secretary | OfficerTrustee | 0 | $0 |
Stephan Nugter Board Members | Trustee | 0 | $0 |
Tara Gutterman Ex- Executive D | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $110,252 |
| All other contributions, gifts, grants, and similar amounts not included above | $23,254 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $133,506 |
| Total Program Service Revenue | $616,086 |
| 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 | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $749,592 |
| 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. | $130,000 |
| Compensation of current officers, directors, key employees. | $15,145 |
| Compensation to disqualified persons | $102,772 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $50,276 |
| Payroll taxes | $18,790 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $96,950 |
| Fees for services: Accounting | $25,001 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $158,364 |
| Office expenses | $14,566 |
| Information technology | $443 |
| Royalties | $0 |
| Occupancy | $65,983 |
| Travel | $1,112 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $12,821 |
| Interest | $18,938 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,086 |
| Insurance | $16,176 |
| All other expenses | $23,282 |
| Total functional expenses | $792,248 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $152,547 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,162 |
| 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 | $12,659 |
| Net Land, buildings, and equipment | $4,078 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $42,326 |
| Total assets | $212,772 |
| Accounts payable and accrued expenses | $18,145 |
| 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 | $97,741 |
| Unsecured mortgages and notes payable | $496,731 |
| Other liabilities | $52,907 |
| Total liabilities | $665,524 |
| Net assets without donor restrictions | -$452,752 |
| 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 | $212,772 |