Adoption Resource Services Inc
- Assets
- $204.5k
- Revenue
- $48.6k
- Investments
- $196.7k
- Employees
- 0
- Location
- Elkhart, IN
- Founding
- 01/1987
- Data as of
- 12/2021
- EIN
- 35-1658551
Organization Overview
Adoption Resource Services Inc is located in Elkhart, IN. The organization was established in 1987. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Adoption Resource Services Inc 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, Adoption Resource Services Inc generated $48.6k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 57.5% each year . All expenses for the organization totaled $222.3k during the year ending 12/2021. While expenses have increased by 61.3% per year over the past 7 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
ADOPTION SERVICES, BIRTH MOTHER ASSISTANCE & HOMESTUDY SERVICES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ruth A Mark President/director | 40 | $150,000 | |
Wayne Mark Treasurer/director | 0.1 | $50,000 | |
Sue Rock Secretary/director | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,674 |
| Interest on Savings | $0 |
| Dividends & Interest | $51 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $43,907 |
| Capital Gain Net Income | $43,907 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,924 |
| Total Revenue | $48,556 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $200,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,007 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $342 |
| Printing and publications | $0 |
| Other expenses | $4,990 |
| Total operating and administrative expenses | $222,278 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $222,278 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,523 |
| Savings and temporary cash investments | $1,264 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $16,288 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $204,488 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
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