Madison Adoption Associates Ltd
- Assets
- $1.4m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 41
- Location
- Claymont, DE
- Founding
- 05/2000
- Data as of
- 12/2023
- EIN
- 51-0399000
Organization Overview
Madison Adoption Associates Ltd is located in Claymont, DE. The organization was established in 2000. According to its NTEE Classification (P31) the organization is classified as: Adoption, under the broad grouping of Human Services and related organizations. As of 12/2023, Madison Adoption Associates Ltd employed 41 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Madison Adoption Associates Ltd 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, Madison Adoption Associates Ltd generated $1.8m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (1.1%) each year. All expenses for the organization totaled $2.4m during the year ending 12/2023. 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
TO BRING HOPE, LOVE AND CONNECTION BY SERVING CHILDREN, INDIVIDUALS, AND FAMILIES IN THE AREAS OF ADOPTION, FOSTER CARE, AND SUPPORT SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SECURING STABLE AND LOVING PERMANENT FAMILIES FOR CHILDREN THROUGH PRE-ADOPTION PREPARATION, EDUCATION, GUIDANCE, SUPPORT, AND POST ADOPTION SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Diana Degroot Executive Dir. | Officer | 40 | $143,333 |
Aleda Madison Founder | Officer | 40 | $132,927 |
Martin Konov President | OfficerTrustee | 2 | $0 |
Bonnie Callahan Board Trustee | Trustee | 1 | $0 |
Marilyn Dirks Board Trustee | Trustee | 1 | $0 |
Lynne Markowitz President | Trustee | 1 | $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 | $163,363 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $163,363 |
| Total Program Service Revenue | $1,594,931 |
| Investment income | $24,109 |
| 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 | $1,782,616 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,310 |
| Grants and other assistance to domestic individuals. | $74,537 |
| Grants and other assistance to Foreign Orgs/Individuals | $143,940 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $276,260 |
| Compensation of current officers, directors, key employees. | $13,813 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $958,732 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $9,790 |
| Payroll taxes | $98,665 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,000 |
| Fees for services: Accounting | $10,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $147,343 |
| Advertising and promotion | $3,928 |
| Office expenses | $14,926 |
| Information technology | $49,902 |
| Royalties | $0 |
| Occupancy | $59,571 |
| Travel | $79,137 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,300 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,800 |
| Insurance | $35,198 |
| All other expenses | $18,028 |
| Total functional expenses | $2,420,200 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,333,542 |
| 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 | $25,070 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,375 |
| Total assets | $1,360,987 |
| Accounts payable and accrued expenses | $22,791 |
| Grants payable | $0 |
| Deferred revenue | $7,565 |
| 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 | $220,506 |
| Total liabilities | $250,862 |
| Net assets without donor restrictions | $978,806 |
| Net assets with donor restrictions | $131,319 |
| 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 | $1,360,987 |
Grants Awarded
Over the last fiscal year, Madison Adoption Associates Ltd has awarded $40,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
ADOPTION CONNECTION PURPOSE: FOSTER CHILD | $10,000 |
LOVE WITHOUT BOUNDARIES PURPOSE: ORPHANED CHILD | $20,000 |
QUANTUM HOUSE PURPOSE: MEDICAL TREATMENT | $10,000 |