Adopt America Network
- Assets
- $2.1m
- Revenue
- $3.4m
- Investments
- $0.0
- Employees
- 49
- Location
- Toledo, OH
- Founding
- 06/1983
- Data as of
- 12/2023
- EIN
- 34-1396924
Organization Overview
Adopt America Network is located in Toledo, OH. The organization was established in 1983. 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, Adopt America Network employed 49 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Adopt America Network 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, Adopt America Network generated $3.4m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 22.9% each year . All expenses for the organization totaled $2.9m during the year ending 12/2023. While expenses have increased by 20.8% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PLACEMENT OF CHILDREN FROM U.S. FOSTER CARE INTO ADOPTIVE HOMES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION RECEIVED A NUMBER OF REFERRALS, PLACED 31 CHILDREN FROM U.S. FOSTER CARE INTO ADOPTIVE HOMES, RECRUITED 927 FAMILIES (PROSPECTIVE ADOPTIVE FAMILIES), AND REGISTERED 50 NEW CHILDREN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wendy Spoerl President | Officer | 40 | $127,821 |
Matthew Armstrong Past Chair | OfficerTrustee | 1 | $0 |
Brooke Budion Board Member | Trustee | 1 | $0 |
Tammy Corral Board Member | Trustee | 1 | $0 |
Julia D'arcangelo Board Member | Trustee | 1 | $0 |
Brandon Daniels Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $11,280 |
| Membership dues | $0 |
| Fundraising events | $55,710 |
| Related organizations | $0 |
| Government grants | $1,839,854 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,435,909 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,342,753 |
| Total Program Service Revenue | $0 |
| Investment income | $29,519 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $35,489 |
| Net Income from Gaming Activities | $9,175 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,416,936 |
| 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. | $127,821 |
| Compensation of current officers, directors, key employees. | $19,173 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,557,132 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $60,667 |
| Payroll taxes | $148,184 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $30,920 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $61,784 |
| Travel | $507,336 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $230 |
| Interest | $21 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,776 |
| Insurance | $68,960 |
| All other expenses | $71,757 |
| Total functional expenses | $2,915,435 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,240,195 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $420,800 |
| Accounts receivable, net | $256,746 |
| 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 | $12,954 |
| Net Land, buildings, and equipment | $22,799 |
| Investments—publicly traded securities | $122,332 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,605 |
| Total assets | $2,077,431 |
| Accounts payable and accrued expenses | $18,654 |
| 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 | $83,026 |
| Total liabilities | $101,680 |
| Net assets without donor restrictions | $1,371,390 |
| Net assets with donor restrictions | $604,361 |
| 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 | $2,077,431 |