Living Hope Adoption Agency
- Assets
- $534.4k
- Revenue
- $158.5k
- Investments
- $0.0
- Employees
- 11
- Location
- Fort Washington, PA
- Founding
- 04/1996
- Data as of
- 12/2023
- EIN
- 23-2820149
Organization Overview
Living Hope Adoption Agency is located in Fort Washington, PA. The organization was established in 1996. According to its NTEE Classification (P31) the organization is classified as: Adoption, under the broad grouping of Human Services and related organizations. As of 12/2023, Living Hope Adoption Agency employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Living 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 12/2023, Living Hope Adoption Agency generated $158.5k 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 (12.0%) each year. All expenses for the organization totaled $239.2k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (10.3%) 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE HOMES FOR CHINESE, HONDURAN, UGANDAN AND BULGARIAN CHILDREN WHO NEED A FUTURE AND TO DO IT WITH A LEVEL OF CARE AND COMPASSION THAT GOES BEYOND EXPECTATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE AGENCY ARRANGES ADOPTIONS BETWEEN PROSPECTIVE PARENTS AND CHINESE, HONDURAN, UGANDAN AND BULGARIAN CHILDREN. TO PROVIDE COVID-19 MEDICAL SUPPLIES AND OTHER SERVICES TO CHURCHES AND OTHER ORGANIZATIONS IN NEED
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Catherine Neimetz Advisory Board | Trustee | 1 | $0 |
Mr Dan Hoffman Director | Trustee | 1 | $0 |
Mr Robin Horner Director | Trustee | 1 | $0 |
Mr Daniel Cole Chairman Of The Board | OfficerTrustee | 2 | $0 |
Dr Samuel Fang President | OfficerTrustee | 7 | $0 |
Dr Michael Cline Treasurer | OfficerTrustee | 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 | $9,577 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,577 |
| Total Program Service Revenue | $118,404 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $29,400 |
| 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 | $158,470 |
| 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. | $11,156 |
| Compensation of current officers, directors, key employees. | $2,789 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $139,420 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,364 |
| Advertising and promotion | $339 |
| Office expenses | $1,459 |
| Information technology | $190 |
| Royalties | $0 |
| Occupancy | $1,051 |
| Travel | $117 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $23,795 |
| Insurance | $20,895 |
| All other expenses | $35,369 |
| Total functional expenses | $239,200 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $69,796 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $464,643 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $534,439 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $11,609 |
| Total liabilities | $11,609 |
| Net assets without donor restrictions | $522,830 |
| 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 | $534,439 |