Adoption Options
- Assets
- $1.1m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 26
- Location
- Denver, CO
- Founding
- 07/1983
- Data as of
- 12/2022
- EIN
- 84-0867014
Organization Overview
Adoption Options is located in Denver, CO. The organization was established in 1983. According to its NTEE Classification (P31) the organization is classified as: Adoption, under the broad grouping of Human Services and related organizations. As of 12/2022, Adoption Options employed 26 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Adoption Options 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, Adoption Options generated $2.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.0% each year. All expenses for the organization totaled $1.7m during the year ending 12/2022. While expenses have increased by 5.0% per year over the past 8 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
ADOPTION OPTIONS IS A NON-PROFIT,COLORADO CORPORATION, DEDICATED TO PROVIDING THE STATE OF COLORADO WITH A RANGE OF PRIVATE, NON-SECRETARIAN CHILD PLACEMENT SERVICES. USING QUALIFIED PROFESSIONALS OUR GOAL IS TO FACILITATE SERVICES FOR ALL MEMBERS OF THE ADOPTION CIRCLE, ADOPTEE,BIRTHPARENTS AND ADOPTIVE PARENTS, THROUGH DECISION-MAKING COUNSELING OF BIRTHPARENTS CONSIDERING RELINQUISHMENT, AND THE PLACEMENT OF INFANTS AND SPECIAL NEEDS CHILDREN WITH ADOPTIVE FAMILIES. EACH YEAR SERVICES ARE PROVIDED TO OVER 100 BIRTHPARENTS CONSIDERING RELINQUISHMENT AND TO APPROXIMATELY 100 COUPLES SEEKING TO BUILD A FAMILY THROUGH ADOPTION. OVER 3,000 VOLUNTEER HOURS ARE DONATED, THE MAJOR PART OF THESE BY FOSTER FAMILIES PROVIDING IN-HOME CARE FOR CHILDREN AND VOLUNTEERS INVOLVED IN FUNDRAISING EVENTS AND OFFICE RELATED ACTIVITIES.ADOPTION OPTIONS SERVES ADOPTIVE PARENTS THROUGH COUNSELING, EMOTIONAL SUPPORT DURING THE WAITING TIME, PLACEMENT SERVICES, POST-PLACEMENT SUPERVISION, EDUCATIONAL WORKSH
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOSTER CARE/FLEXIBLE FAMILY - ADOPTION OPTIONS ADMINISTERS PLACEMENT OF CHILDREN WITH APPROVED ADOPTIVE FAMILIES WHO ARE IN THE CARE AND CUSTODY OF THE LOCAL DEPARTMENTS OF HUMAN SERVICES. PROVIDE ADOPTION SERVICES FOR FAMILIES SEEKING OLDER CHILDREN AND CHILDREN WITH SPECIAL NEEDS.
FOSTERING HEALTHY FUTURES - ADOPTION OPTIONS PROVIDES ONE ON ONE MENTORING AND THERAPEUTIC SKILLS TO KIDS THAT HAVE BEEN AFFECTED BY THE CHILD WELFARE SYSTEM.
INFANT ADOPTIONS - PROVIDES SERVICES FOR ADOPTIVE FAMILIES SEEKING AN INFANT AND PROVIDES COUNSELING TO BIRTHPARENTS SEEKING ADOPTION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Megan Mclean Executive Dir. | Officer | 40 | $92,929 |
Bill Flynn Chair | OfficerTrustee | 2 | $0 |
Steve Loux Committee Chair | OfficerTrustee | 2 | $0 |
Brian Rosen Member | Trustee | 1 | $0 |
Denise Johnson Member | Trustee | 1 | $0 |
Kelsey Worfler Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $96,268 |
| Related organizations | $0 |
| Government grants | $199,846 |
| All other contributions, gifts, grants, and similar amounts not included above | $115,766 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $411,880 |
| Total Program Service Revenue | $1,594,192 |
| Investment income | -$2,382 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $18,000 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$43,276 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,986,374 |
| 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. | $94,788 |
| Compensation of current officers, directors, key employees. | $14,218 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $596,385 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $52,470 |
| Payroll taxes | $47,024 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $82,683 |
| Advertising and promotion | $30,742 |
| Office expenses | $19,608 |
| Information technology | $43,105 |
| Royalties | $0 |
| Occupancy | $92,469 |
| Travel | $31,421 |
| 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 | $1,494 |
| Insurance | $10,790 |
| All other expenses | $35,918 |
| Total functional expenses | $1,715,600 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $346,741 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $27,927 |
| Accounts receivable, net | $159,166 |
| 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 | $32,916 |
| Net Land, buildings, and equipment | $3,147 |
| Investments—publicly traded securities | $351,250 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $162,556 |
| Total assets | $1,083,703 |
| Accounts payable and accrued expenses | $100,281 |
| Grants payable | $0 |
| Deferred revenue | $17,200 |
| 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 | $163,952 |
| Total liabilities | $281,433 |
| Net assets without donor restrictions | $774,343 |
| Net assets with donor restrictions | $27,927 |
| 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 | $1,083,703 |