Flourish Adoption Ministries Inc
- Assets
- $273.7k
- Revenue
- $726.3k
- Investments
- $230.0k
- Employees
- 7
- Location
- Greenville, SC
- Founding
- 06/2017
- Data as of
- 12/2022
- EIN
- 81-3001140
Organization Overview
Flourish Adoption Ministries Inc is located in Greenville, SC. The organization was established in 2017. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 12/2022, Flourish Adoption Ministries Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Flourish Adoption Ministries 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 12/2022, Flourish Adoption Ministries Inc generated $726.3k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 12.3% each year . All expenses for the organization totaled $679.5k during the year ending 12/2022. While expenses have increased by 20.0% per year over the past 6 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE OF QUIVER FULL ADOPTIONS IS TO SUPPORT BUILDING FAMILIES THROUGH PRIVATE ADOPTION, TO PROVIDE EMOTIONAL ENCOURAGEMENT DURING EACH STEP IN A COUPLE'S ADOPTION JOURNEY, TO PROVIDE AN AFFORDABLE OPTION FOR FAMILIES PURSUING ADOPTION, THUS GROWING THE NUMBER OF POTENTIAL WAITING FAMILIES AND ACTING AS A BUFFER TO THE NUMBER OF CHILDREN IN FOSTER CARE, AND TO PROVIDE PRE-ADOPTIVE AND POST ADOPTIVE SUPPORT TO BIRTH FAMILIES, THUS FOSTERING THE EMOTIONAL SUPPORT AND RESOURCES NEEDED TO EMPOWER BIRTH FAMLIES TO IMPROVE THEIR LIVES AND TAKE STEPS TOWARD A STABLE FUTURE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AFFORDABLE ADOPTIONS FOR HOPEFUL ADOPTIVE FAMILIES: AVERAGE COST IS $25,000 WHEREAS AVERAGE NATIONAL COST IS $40,000 - $60,000. ON TOP OF THE $25,000 AVERAGE, WE HAVE HELPED THE FAMILIES RECEIVE AN AVERAGE OF $16,000 IN GRANTS.
EDUCATION FOR ADOPTED FAMILIES: PROVIDING FREE EDUCATION FOR ADOPTIVE AND HOPEFUL ADOPTIVE FAMILIES THROUGH OUR PODCAST: THE QUIVER FULL ADOPTIONS PODCAST
LIFETIME POST PLACEMENT PROGRAM: MONTHLY SUPPORT GROUPS AND LIFETIME COUNSELING PROVIDED TO ANY BIRTH MOTHER POST PLACEMENT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth Bordeaux Executive Dir. | Officer | 50 | $114,231 |
Jeremy Bouknight President | OfficerTrustee | 5 | $0 |
Justin Broome Director | Trustee | 5 | $0 |
Brandon Long Treasurer | OfficerTrustee | 5 | $0 |
Rebecca Adams Secretary | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $72,491 |
| All other contributions, gifts, grants, and similar amounts not included above | $47,968 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $120,459 |
| Total Program Service Revenue | $603,875 |
| Investment income | $1,953 |
| 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 | $726,287 |
| 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. | $114,231 |
| Compensation of current officers, directors, key employees. | $11,423 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $195,683 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $9,833 |
| Payroll taxes | $23,861 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $264 |
| Fees for services: Accounting | $25,635 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $392 |
| Fees for services: Other | $0 |
| Advertising and promotion | $27,519 |
| Office expenses | $29,131 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $31,573 |
| Travel | $37 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,325 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $32,623 |
| All other expenses | $196 |
| Total functional expenses | $679,541 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,126 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,429 |
| 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 | $34,217 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $229,966 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $273,738 |
| Accounts payable and accrued expenses | $16,538 |
| Grants payable | $0 |
| Deferred revenue | $19,670 |
| 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 | $7,980 |
| Total liabilities | $44,188 |
| Net assets without donor restrictions | $229,550 |
| 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 | $273,738 |