Gift Of Adoption Fund Inc
- Assets
- $3.5m
- Revenue
- $3.6m
- Investments
- $0.0
- Employees
- 9
- Location
- Northbrook, IL
- Founding
- 11/2003
- Data as of
- 12/2021
- EIN
- 39-1863217
Organization Overview
Gift Of Adoption Fund Inc is located in Northbrook, IL. The organization was established in 2003. 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, Gift Of Adoption Fund Inc employed 9 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Gift Of Adoption Fund 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, Gift Of Adoption Fund Inc generated $3.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.9% each year . All expenses for the organization totaled $2.9m during the year ending 12/2021. While expenses have increased by 11.2% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE ADOPTION FINANCIAL ASSISTANCE TO QUALIFIED PARENTS TO COMPLETE THE ADOPTIONS OF VULNERABLE CHILDREN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE ADOPTION ASSISTANCE GRANTS TO COMPLETE THE ADOPTIONS OF VULNERABLE CHILDREN - GIVING THEM PERMANENT FAMILIES AND THE CHANCE TO THRIVE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Murphy CFO & COO | 40 | $106,322 | |
Pam Devereux CEO | Officer | 40 | $95,512 |
Thomas Southall Vice President | OfficerTrustee | 1 | $0 |
James Vint President | OfficerTrustee | 1 | $0 |
Melissa Wichman Secretary | OfficerTrustee | 1 | $0 |
Andrew Sandquist Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $647,259 |
| Related organizations | $0 |
| Government grants | $104,647 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,507,801 |
| Noncash contributions included in lines 1a–1f | $236,840 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,259,707 |
| Total Program Service Revenue | $41,500 |
| Investment income | $42,886 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $7 |
| Net Income from Fundraising Events | $272,212 |
| Net Income from Gaming Activities | $14,446 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,630,758 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $7,500 |
| Grants and other assistance to domestic individuals. | $1,850,214 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $114,034 |
| Compensation of current officers, directors, key employees. | $37,232 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $583,137 |
| Pension plan accruals and contributions | $9,467 |
| Other employee benefits | $37,245 |
| Payroll taxes | $49,546 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $42,286 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,417 |
| Fees for services: Other | $26,062 |
| Advertising and promotion | $4,229 |
| Office expenses | $86,794 |
| Information technology | $14,037 |
| Royalties | $0 |
| Occupancy | $10,392 |
| Travel | $6,526 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,721 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $8,295 |
| All other expenses | $15,455 |
| Total functional expenses | $2,876,357 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,125,575 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $514,980 |
| 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 | $11,524 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $833,136 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,000 |
| Total assets | $3,486,215 |
| Accounts payable and accrued expenses | $44,385 |
| Grants payable | $956,148 |
| Deferred revenue | $10,276 |
| 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 | $110,497 |
| Other liabilities | $0 |
| Total liabilities | $1,121,306 |
| Net assets without donor restrictions | $1,565,416 |
| Net assets with donor restrictions | $799,493 |
| 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 | $3,486,215 |
Grants Recieved
Over the last fiscal year, we have identified 26 grants that Gift Of Adoption Fund Inc has recieved totaling $468,267.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $98,850 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $51,283 |
American Endowment Foundation Hudson, OH PURPOSE: HUMAN SERVICE | $50,000 |
Montei Foundation Columbus, OH PURPOSE: GENERAL CHARITABLE PURPOSES | $30,000 |
Keller Foundation Vancouver, WA PURPOSE: TO SUPPORT THE ORGANIZATION'S CHARITABLE MISSION | $26,000 |
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: COMMUNITY & HUMAN SERVICES | $25,500 |
Endowment Analysis
| Earnings | $11,977 |
| Net Contributions | $185,000 |
| Ending Balance | $196,977 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Loving Shepherd International Services And Foundation Inc Bluffton, IN | $8,964,862 | $6,717,306 |
Cradle Society Evanston, IL | $19,568,827 | $5,191,251 |
American Home Finding Association Ottumwa, IA | $2,284,857 | $4,420,062 |
Catholic Charities Of The Diocese Of Green Bay Inc Green Bay, WI | $5,651,491 | $3,271,884 |
Gift Of Adoption Fund Inc Northbrook, IL | $3,486,215 | $3,630,758 |
Greenlight Family Services Chicago, IL | $1,290,950 | $2,398,655 |
Coalition For Children Youth & Families West Allis, WI | $886,989 | $1,382,781 |
Reeces Rainbow Inc Combined Locks, WI | $2,324,783 | $1,139,768 |
Christian Family Services Inc Webster Groves, MO | $1,417,871 | $1,074,925 |
Adoption Assistance Inc Louisville, KY | $190,301 | $756,420 |
Katelyns Fund - Orphan Ministry Inc Sioux Center, IA | $235,498 | $620,717 |
Orphan Care Alliance Inc Louisville, KY | $944,171 | $676,414 |