International Adoption Net
- Assets
- $1.6m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 15
- Location
- Englewood, CO
- Founding
- 01/2003
- Data as of
- 12/2022
- EIN
- 84-1608994
Organization Overview
International Adoption Net is located in Englewood, CO. The organization was established in 2003. 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, International Adoption Net employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. International Adoption Net 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, International Adoption Net generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 13.9% each year . All expenses for the organization totaled $729.6k during the year ending 12/2022. 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
FACILITATE INTERNATIONAL ADOPTIONS FROM CHINA,UKRAINE,INDIA AND OTHER COUNTRIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
OFFERED ADOPTION COUNSELING TO PROSPECTIVE PARENTS IN PREPARATION OF MEETING THEIR OBLIGATIONS AS NEW PARENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joan T Strauss Executive Director | OfficerTrustee | 40 | $164,000 |
Julie Seagraves Director | Trustee | 2 | $200 |
Peggy Mckay Director | Trustee | 2 | $200 |
Carter Sales Director | Trustee | 2 | $200 |
Mimi Hu Brouillette Director | Trustee | 2 | $300 |
Brenda Retrum Director | Trustee | 2 | $200 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,187,863 |
| Investment income | $18,254 |
| Tax Exempt Bond Proceeds | $570 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$54,173 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,152,514 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $100 |
| 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. | $165,100 |
| Compensation of current officers, directors, key employees. | $50,100 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $330,280 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $8,647 |
| Payroll taxes | $42,024 |
| Fees for services: Management | $2,826 |
| Fees for services: Legal | $1,843 |
| Fees for services: Accounting | $36,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $12,035 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,278 |
| Office expenses | $15,195 |
| Information technology | $833 |
| Royalties | $0 |
| Occupancy | $45,332 |
| Travel | $7,362 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $382 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $6,917 |
| All other expenses | $31,033 |
| Total functional expenses | $729,559 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $809,583 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,108 |
| 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 | $43,348 |
| Investments—publicly traded securities | $792,252 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,648,291 |
| Accounts payable and accrued expenses | $134,939 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $35,025 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $169,964 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $14,516 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $1,463,811 |
| Total liabilities and net assets/fund balances | $1,648,291 |