Friends In Adoption Inc
- Assets
- $2.6m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 15
- Location
- Castleton, VT
- Founding
- 04/1994
- Data as of
- 12/2023
- EIN
- 52-1571672
Organization Overview
Friends In Adoption Inc is located in Castleton, VT. The organization was established in 1994. 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, Friends In Adoption Inc employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friends In 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 12/2023, Friends In Adoption Inc generated $1.1m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $873.7k during the year ending 12/2023. While expenses have increased by 0.5% per year over the past 9 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
THE ORGANIZATION PROVIDES EDUCATION AND SUPPORT TO CLIENTS CONSIDERING AND COMPLETING PRIVATE ADOPTION OF CHILDREN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDES EDUCATION AND SUPPORT TO CLIENTS CONSIDERING AND COMPLETING PRIVATE ADOPTION OF CHILDREN.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tara Saltis Executive Director | Officer | 40 | $123,308 |
Brink Hartman President | OfficerTrustee | 2 | $0 |
George Zutell Treasurer | OfficerTrustee | 2 | $0 |
Bob Sheehan Director | Trustee | 2 | $0 |
Gerard Cattie Vice President | OfficerTrustee | 2 | $0 |
Ashley Simpson Director | Trustee | 2 | $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 | $41,835 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $41,835 |
| Total Program Service Revenue | $980,427 |
| Investment income | $52,432 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$15,531 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,059,163 |
| 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. | $123,308 |
| Compensation of current officers, directors, key employees. | $61,654 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $357,951 |
| Pension plan accruals and contributions | $7,861 |
| Other employee benefits | $0 |
| Payroll taxes | $37,887 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,431 |
| Fees for services: Accounting | $1,150 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $11,229 |
| Fees for services: Other | $14,823 |
| Advertising and promotion | $150,714 |
| Office expenses | $15,462 |
| Information technology | $32,851 |
| Royalties | $0 |
| Occupancy | $16,181 |
| Travel | $8,207 |
| 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 | $17,511 |
| Insurance | $20,118 |
| All other expenses | $0 |
| Total functional expenses | $873,676 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $548,149 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $13,500 |
| 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 | $1,958,221 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $77,959 |
| Other assets | $0 |
| Total assets | $2,597,829 |
| Accounts payable and accrued expenses | $26,412 |
| Grants payable | $0 |
| Deferred revenue | $445,500 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $88,264 |
| 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 | $26,310 |
| Total liabilities | $586,486 |
| Net assets without donor restrictions | $2,011,343 |
| 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 | $2,597,829 |