Madison Adoption Associates Ltd
- Assets
- $2.1m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 37
- Location
- Claymont, DE
- Founding
- 05/2000
- Data as of
- 12/2021
- 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 12/2021, Madison Adoption Associates Ltd employed 37 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 12/2021, Madison Adoption Associates Ltd generated $2.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $1.9m during the year ending 12/2021. While expenses have increased by 0.7% 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 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 Director | Officer | 40 | $99,606 |
Aleda Madison Founder & Adoption Consultant | Officer | 40 | $40,000 |
Martin Konov President Of The Board | OfficerTrustee | 2 | $0 |
Lynne Markowitz MA Ed Board Trustee | Trustee | 1 | $0 |
Marilyn Dirks ESQ Board Trustee | Trustee | 1 | $0 |
Michelle Smith Board Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $171,760 |
| All other contributions, gifts, grants, and similar amounts not included above | $62,564 |
| Noncash contributions included in lines 1a–1f | $9,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $234,324 |
| Total Program Service Revenue | $1,889,069 |
| Investment income | $10,800 |
| 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 | $2,134,193 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $14,653 |
| Grants and other assistance to domestic individuals. | $219,744 |
| Grants and other assistance to Foreign Orgs/Individuals | $38,406 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $139,606 |
| Compensation of current officers, directors, key employees. | $6,980 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $692,540 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $8,198 |
| Payroll taxes | $66,669 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,930 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $64,237 |
| Advertising and promotion | $15,610 |
| Office expenses | $9,774 |
| Information technology | $47,739 |
| Royalties | $0 |
| Occupancy | $45,468 |
| Travel | $22,531 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,457 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,485 |
| Insurance | $28,725 |
| All other expenses | $16,950 |
| Total functional expenses | $1,870,926 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,070,370 |
| 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 | $34,797 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,375 |
| Total assets | $2,107,542 |
| Accounts payable and accrued expenses | $11,082 |
| Grants payable | $0 |
| Deferred revenue | $6,139 |
| 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 | $456,597 |
| Total liabilities | $473,818 |
| Net assets without donor restrictions | $1,557,429 |
| Net assets with donor restrictions | $76,295 |
| 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 | $2,107,542 |
Grants Awarded
Over the last fiscal year, Madison Adoption Associates Ltd has awarded $40,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Saint Petersburg, FL PURPOSE: ORPHANED CHILD | $20,000 |
Beaver, PA PURPOSE: FOSTER CHILD | $10,000 |
West Palm Beach, FL PURPOSE: MEDICAL TREATMENT | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Madison Adoption Associates Ltd has recieved totaling $477,385.
| Awarding Organization | Amount |
|---|---|
Operation Underground Railroad Inc Anaheim, CA PURPOSE: ADOPTION EXPENSES | $386,500 |
Brittanys Hope Elizabethtown, PA PURPOSE: ADOPTION SUPPORT | $85,000 |
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: GROWTH | $5,300 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $585 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Adoption Exchange Association Inc Linthicum, MD | $2,268,874 | $6,440,305 |
Adoptions From The Heart Inc Wynnewood, PA | $4,106,626 | $4,132,540 |
The Barker Adoption Foundation Bethesda, MD | $2,101,443 | $3,852,713 |
Childrens Aid Home Programs Of Somerset County Inc Somerset, PA | $454,918 | $3,534,315 |
Three Rivers Adoption Council Pittsburgh, PA | $2,802,890 | $3,351,442 |
Adoption Connection Pa Beaver, PA | $2,468,328 | $2,346,082 |
Madison Adoption Associates Ltd Claymont, DE | $2,107,542 | $2,134,193 |
Child To Family Connections Inc Meadville, PA | $1,566,151 | $1,368,041 |
Common Sense Adoption Services Mechanicsburg, PA | $621,652 | $1,043,143 |
Adoption Center Philadelphia, PA | $1,123,631 | $652,398 |
Cradle Of Hope Adoption Center Inc Silver Spring, MD | $1,632,963 | $570,726 |
Mazi Adoption And Family Services Exton, PA | $181,167 | $633,126 |