The Way Home Adoption Inc
- Assets
- $340.7k
- Revenue
- $272.5k
- Investments
- $0.0
- Employees
- 7
- Location
- Houston, TX
- Founding
- 10/2014
- Data as of
- 06/2022
- EIN
- 46-4059832
Organization Overview
The Way Home Adoption Inc is located in Houston, TX. The organization was established in 2014. According to its NTEE Classification (P31) the organization is classified as: Adoption, under the broad grouping of Human Services and related organizations. As of 06/2022, Way Home Adoption Inc employed 7 individuals. This organization is the central organization for a national or regional group of organizations. Way Home Adoption 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 06/2022, Way Home Adoption Inc generated $272.5k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 17.8% each year . All expenses for the organization totaled $257.9k during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION RECEIVES REFERRALS FROM JUDGES, CHILD PROTECTIVE SERVICES, CHILD PLACEMENT AGENCIES, EMERGENCY SHELTERS, ETC. TO BE AN ACTIVE MEMBER ON A CHILD'S CASE. SEE SCHEDULE O-ORGANIZATION'S PRIMARY EXEMPT PURPOSE
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE OPENED 18 NEW CASES AND SERVED 60 YOUTH. WE HELD 11 ENRICH & ENGAGE EVENTS, AND 52% OF OUR YOUTH WERE ENGAGED WITH AN INTERESTED PERMANENT ADULT THROUGHOUT THE YEAR. THESE EVENTS ENCOURAGE SELF-CONFIDENCE, EMOTIONAL GROWTH, POSITIVE INTERACTION WITH PEERS, TEAMWORK, AND COMMUNITY BUILDING WITH OTHER YOUTH AND ADULTS.
OUR HEARTS WHO NEED HOMES GALLERY WAS DISPLAYED IN 16 LOCATIONS BOTH PHYSICAL AND VIRTUAL. INTERESTED POTENTIAL FAMILIES THEN GO THROUGH A SERIES OF REQUIREMENTS INCLUDING A TRAINING, BACKGROUND CHECK, AND A ONE-ON-ONE INTERVIEW BEFORE HAVING THE OPPORTUNITY TO MEET ANY OF OUR YOUTH. WE REACHED AN ESTIMATED 1,000,000 PEOPLE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ashley Fields Program Director | OfficerTrustee | 40 | $60,000 |
Kendall Moore Development Director | OfficerTrustee | 20 | $25,000 |
Julie Knapp Board Chair | Trustee | 2 | $0 |
Adam Faust Board Member | Trustee | 2 | $0 |
Matt Merhan Board Member | Trustee | 2 | $0 |
Chris Garcia Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $59,133 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $213,335 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $272,468 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $272,468 |
| 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. | $85,000 |
| Compensation of current officers, directors, key employees. | $15,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $80,108 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $13,032 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $31,161 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $9,749 |
| Travel | $0 |
| 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 | $8,279 |
| All other expenses | $27,026 |
| Total functional expenses | $257,934 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $340,748 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $340,748 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $340,748 |
| 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 | $340,748 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that The Way Home Adoption Inc has recieved totaling $57,643.
| Awarding Organization | Amount |
|---|---|
Cocatalyst Impact Inc Palo Alto, CA PURPOSE: GENERAL SUPPORT | $19,643 |
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: COMMUNITY & HUMAN SERVICES | $10,000 |
Fred And Mabel R Parks Foundation Sugar Land, TX PURPOSE: PROGRAM SUPPORT | $10,000 |
Fred And Mabel R Parks Foundation Sugar Land, TX PURPOSE: PROGRAM SUPPORT | $10,000 |
Yvonne H Simard Foundation Corpus Christi, TX PURPOSE: SUPPORT PROGRAMS | $8,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Covenant Kids Inc Arlington, TX | $7,459,056 | $25,298,802 |
Gladney Center For Adoption Fort Worth, TX | $15,144,634 | $9,546,259 |
Miracle Foundation Inc Austin, TX | $3,952,092 | $3,731,836 |
Spaulding For Children Houston, TX | $1,803,441 | $3,566,009 |
Hope Cottage Inc Dallas, TX | $9,768,014 | $1,826,021 |
Both Ends Believing Inc Plano, TX | $1,721,695 | $2,343,528 |
Dillon International Inc Tulsa, OK | $738,849 | $1,457,400 |
Shared Beginnings Fayetteville, AR | $298,271 | $1,175,777 |
Family To Family Adoption Services Inc Richmond, TX | $107,112 | $870,385 |
Adoption Alliance San Antonio, TX | $2,559,916 | $841,559 |
Decolores Adoptions International Lake Charles, LA | $430,653 | $810,458 |
Abba Fund Inc Plano, TX | $3,396,798 | $695,056 |