Holy Family Adoption Agency
- Assets
- $843.0k
- Revenue
- $204.3k
- Investments
- $0.0
- Employees
- 5
- Location
- Crystal, MN
- Founding
- 10/2001
- Data as of
- 12/2023
- EIN
- 41-1968883
Organization Overview
Holy Family Adoption Agency, operating under the name Holy Family Catholic Adoptionagency, is located in Crystal, MN. The organization was established in 2001. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 12/2023, Holy Family Catholic Adoptionagency employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Holy Family Catholic Adoptionagency 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, Holy Family Catholic Adoptionagency generated $204.3k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 8.3% each year. All expenses for the organization totaled $165.2k during the year ending 12/2023. While expenses have increased by 9.7% per year over the past 5 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
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED ADOPTION INFORMATION, EDUCATION AND ASSISTANCE TO ELEVEN PROSPECTIVE ADOPTIVE COUPLES AND SOME ASSISTANCE TO FOUR ADOPTIVE COUPLES WHO ADOPTED CHILDREN IN THE PAST THROUGH HOLY FAMILY ADOPTION AGENCY.THE ADOPTION INFORMATION, EDUCATION AND ASSISTANCE INCLUDE BUT ARE NOT LIMITED TO THE FOLLOWING - FACILITATING BACKGROUND STUDIES, GATHERING INFORMATION FROM THEIR ANSWERS TO QUESTIONS AND FROM MEETINGS WITH THEM IN ORDER TO COMPLETE THE HOME STUDY ASSESSMENT AND THE HOME STUDY ASSESSMENT UPDATE WHICH ARE REQUIRED FOR AN ADOPTIVE COUPLE TO ADOPT AN INFANT OR CHILD. THE ASSISTANCE PROVIDED TO THE ADOPTIVE COUPLES WHO ADOPTED IN THE PAST FROM HOLY FAMILY ADOPTION AGENCY WAS TO PROVIDE COUNSEL AND INFORMATION IN REPONSE TO THEIR QUESTIONS AND/OR CONCERNS.
PROVIDE ADOPTION COUNSELING TO TWO BIRTH MOTHERS WHO IN THE PAST HAVE PLACED THEIR BABIES IN ADOPTION THROUGH HOLY FAMILY ADOPTION AGENCY.THE COUNSELING CONSISTED BUT WAS NOT LIMITED TO THE FOLLOWING - ADOPTION EDUCATION, GRIEF AND LOSS COUNSELING, SPIRITUAL ENRICHMENT AND RESOURCES TO SUPPORT THEIR RESOLVE AND RESILIENCE. ALSO PROVIDED COUNSELING ABOUT ADOPTION TO TWO BIRTH MOTHERS WHO DID NOT PLACE THEIR BABIES IN ADOPTION THROUGH HOLY FAMILY ADOPTION AGENCY.
ADVERTISING EXPENSES TO PROMOTE HOLY FAMILY ADOPTION AGENCY. OBTAINING LEGAL ADVICE ON DIFFERENT MATTERS RELATED TO ADOPTION.INFORMATION TECHNOLOGY AND PROFESSIONAL INSURANCE FOR THE AGENCY SOCIAL WORKER. EDUCATION TRAINING AND THE PROGRAM FEE FOR THE MINNESOTA ADOPTION AGENCY LICENSURE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary L Ball Pres/ex. Dir | OfficerTrustee | 30 | $58,240 |
Father Robert Altier Board Chairm | OfficerTrustee | 0.12 | $0 |
Audrey Moy Secretary | OfficerTrustee | 0.12 | $0 |
Kurt Virnig Treasurer | OfficerTrustee | 0.12 | $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 | $129,850 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $129,850 |
| Total Program Service Revenue | $0 |
| Investment income | $61,450 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $12,933 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $204,333 |
| 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. | $58,240 |
| Compensation of current officers, directors, key employees. | $14,560 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $60,466 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,089 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,027 |
| Fees for services: Accounting | $3,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,361 |
| Advertising and promotion | $8,091 |
| Office expenses | $9,463 |
| Information technology | $523 |
| Royalties | $0 |
| Occupancy | $2,715 |
| Travel | $98 |
| 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 | $0 |
| Insurance | $1,277 |
| All other expenses | $0 |
| Total functional expenses | $165,233 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $121,119 |
| 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 | $0 |
| Investments—publicly traded securities | $721,873 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $842,992 |
| Accounts payable and accrued expenses | $4,370 |
| 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 | $0 |
| Total liabilities | $4,370 |
| Net assets without donor restrictions | $0 |
| 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 | $838,622 |
| Total liabilities and net assets/fund balances | $842,992 |