Living Hope Adoption Agency
- Assets
- $614.7k
- Revenue
- $232.9k
- Investments
- $0.0
- Employees
- 10
- Location
- Fort Washington, PA
- Founding
- 04/1996
- Data as of
- 12/2021
- 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 12/2021, Living Hope Adoption Agency employed 10 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 12/2021, Living Hope Adoption Agency generated $232.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (8.7%) each year. All expenses for the organization totaled $243.4k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (11.5%) per year over the past 7 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
2021
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 |
|---|---|---|---|
Mr Daniel Cole Chairman Of The Board | OfficerTrustee | 2 | $0 |
Dr Samuel Fang President | OfficerTrustee | 10 | $0 |
Dr Michael Cline Treasurer | OfficerTrustee | 1 | $0 |
Dr Priscilla Tsao Secretary | OfficerTrustee | 1 | $0 |
Dr Catherine Neimetz Advisory Board | Trustee | 1 | $0 |
Mr Robin Horner 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 | $25,938 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $25,938 |
| Total Program Service Revenue | $172,171 |
| Investment income | $12 |
| 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 | $232,876 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $119,883 |
| 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 | $1,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,134 |
| Advertising and promotion | $1,764 |
| Office expenses | $1,128 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,705 |
| Travel | $2,320 |
| 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 | $24,811 |
| Insurance | $3,373 |
| All other expenses | $65,174 |
| Total functional expenses | $243,401 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $99,142 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,450 |
| 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 | $513,071 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $614,663 |
| Accounts payable and accrued expenses | $6,353 |
| 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 | $10,213 |
| Total liabilities | $16,566 |
| Net assets without donor restrictions | $598,097 |
| 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 | $614,663 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Living Hope Adoption Agency has recieved totaling $67.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $67 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kinnect Cleveland, OH | $1,973,106 | $10,701,974 |
Heartbeat International Inc Columbus, OH | $3,966,225 | $7,256,822 |
Spence-Chapin Services To Families And Children New York, NY | $55,626,653 | $6,889,323 |
Adoption Exchange Association Inc Linthicum, MD | $2,268,874 | $6,440,305 |
Adoptions From The Heart Inc Wynnewood, PA | $4,106,626 | $4,132,540 |
The Barker Adoption Foundation Bethesda, MD | $2,101,443 | $3,852,713 |
Childrens Aid Home Programs Of Somerset County Inc Somerset, PA | $454,918 | $3,534,315 |
Three Rivers Adoption Council Pittsburgh, PA | $2,802,890 | $3,351,442 |
Hoping Hearts Foundation Inc Waynesville, OH | $3,389,539 | $3,262,277 |
Adoption S T A R Inc Amherst, NY | $4,391,304 | $2,204,683 |
Adoption Connection Pa Beaver, PA | $2,468,328 | $2,346,082 |
Northeast Ohio Adoption Services Warren, OH | $885,923 | $1,874,241 |