Adoption Option Inc
- Assets
- $1.3m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 59
- Location
- Midland, MI
- Founding
- 02/2005
- Data as of
- 12/2021
- EIN
- 43-2017657
Organization Overview
Adoption Option Inc is located in Midland, MI. The organization was established in 2005. 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, Adoption Option Inc employed 59 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Adoption Option 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 Option Inc generated $2.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.9% each year. All expenses for the organization totaled $2.3m during the year ending 12/2021. While expenses have increased by 7.7% 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
TO PROVIDE ADOPTION AND OTHER CHILD WELFARE SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHILD WELFARE SERVICES, INCLUDING: ADOPTION AND POST-ADOPTION SERVICES, FOSTER-TO-ADOPT, LICENSING, MENTORING, SUPERVISED VISITATION, PARENT EDUCATION AND OTHER SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Delois Leapheart President/ceo | Officer | 40 | $80,856 |
Perry Holmon Treasurer | Officer | 0.1 | $0 |
Sharon Leenhouts Secretary | Officer | 0.1 | $0 |
Theophilus Leapheart Member | Trustee | 0.1 | $0 |
Smallwood Holoman Member | Trustee | 0.1 | $0 |
Wally Mayton Member | Trustee | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $15,300 |
| All other contributions, gifts, grants, and similar amounts not included above | $107,844 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $123,144 |
| Total Program Service Revenue | $2,172,634 |
| Investment income | $543 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $2,305,089 |
| 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 | $1,494,216 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $41,438 |
| Payroll taxes | $114,624 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,511 |
| Fees for services: Accounting | $16,248 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $346,464 |
| Advertising and promotion | $10,619 |
| Office expenses | $66,279 |
| Information technology | $24,345 |
| Royalties | $0 |
| Occupancy | $31,213 |
| Travel | $87,030 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,634 |
| Interest | $816 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $18,627 |
| Insurance | $31,672 |
| All other expenses | $0 |
| Total functional expenses | $2,319,812 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $702,959 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $468,020 |
| 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 | $9,509 |
| Net Land, buildings, and equipment | $77,535 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $16,329 |
| Total assets | $1,274,352 |
| Accounts payable and accrued expenses | $50,337 |
| 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 | $200,455 |
| Total liabilities | $250,792 |
| Net assets without donor restrictions | $1,023,560 |
| 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 | $1,274,352 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Adoption Option Inc has recieved totaling $7,750.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $7,000 |
Wallace And Irene Bronner Family Charitable Foundation Frankenmuth, MI PURPOSE: GENERAL UNRESTRICTED | $750 |
Endowment Analysis
| Beg. Balance | $14,225 |
| Earnings | $2,241 |
| Admin Expense | $137 |
| Ending Balance | $16,329 |
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 |
Loving Shepherd International Services And Foundation Inc Bluffton, IN | $8,964,862 | $6,717,306 |
Lutheran Adoption Services Inc Detroit, MI | $2,453,871 | $3,808,020 |
Adoption And Foster Care Specialist Inc Swartz Creek, MI | $2,643,450 | $3,544,160 |
Hands Across The Water Inc Ann Arbor, MI | $1,450,759 | $3,266,574 |
Hoping Hearts Foundation Inc Waynesville, OH | $3,389,539 | $3,262,277 |
Catholic Charities Of The Diocese Of Green Bay Inc Green Bay, WI | $5,651,491 | $3,271,884 |
Adoption Option Inc Midland, MI | $1,274,352 | $2,305,089 |
Northeast Ohio Adoption Services Warren, OH | $885,923 | $1,874,241 |
Adoption Associates Inc Jenison, MI | $2,320,775 | $1,228,663 |
Hope Rising Pregnancy Center Inc Dayton, OH | $2,054,594 | $1,567,674 |