Addy S Hope Adoption Agency
- Assets
- $434.0k
- Revenue
- $464.9k
- Investments
- $0.0
- Employees
- 5
- Location
- Midland, TX
- Founding
- 10/2005
- Data as of
- 12/2021
- EIN
- 20-1760379
Organization Overview
Addy S Hope Adoption Agency is located in Midland, TX. The organization was established in 2005. 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, Addy S Hope Adoption Agency employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Addy S Hope Adoption Agency 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, Addy S Hope Adoption Agency generated $464.9k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 31.6% each year . All expenses for the organization totaled $423.7k during the year ending 12/2021. While expenses have increased by 25.0% 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
A NON-PROFIT CHILD PLACING AGENCY LICENSED BY THE STATE OF TEXAS DEDICATED TO UNITING CHRISTIAN FAMILIES WITH THE CHILDREN WHO NEED THEM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAMS PROVIDE HOME STUDIES FOR FAMILIES SERVED AND OFFER SERVICES TO FAMILIES AND BIRTH MOTHERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Hollyann Petree Executive Di | OfficerTrustee | 40 | $78,536 |
Skip Ziegler Vice Preside | Officer | 1 | $0 |
John Petree President | Officer | 1 | $0 |
Jimmy Boen Treasurer | Officer | 1 | $0 |
Nadine Jett Member | Trustee | 1 | $0 |
Christi Mccoy Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $49,800 |
| All other contributions, gifts, grants, and similar amounts not included above | $204,405 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $254,205 |
| Total Program Service Revenue | $208,098 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $2,573 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $464,876 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $224,928 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $57,684 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $27,464 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,599 |
| Advertising and promotion | $5,145 |
| Office expenses | $16,673 |
| Information technology | $8,269 |
| Royalties | $0 |
| Occupancy | $35,916 |
| Travel | $10,222 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,285 |
| Interest | $8,500 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $16,293 |
| All other expenses | $0 |
| Total functional expenses | $423,736 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $109,873 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $250 |
| 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 | $323,838 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $433,961 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $373,560 |
| Total liabilities | $373,560 |
| Net assets without donor restrictions | $0 |
| 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 | $60,401 |
| Total liabilities and net assets/fund balances | $433,961 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Addy S Hope Adoption Agency has recieved totaling $30,257.
| Awarding Organization | Amount |
|---|---|
Ken W Davis Foundation Fort Worth, TX PURPOSE: THEY WAIT PROGRAM | $15,000 |
Abell-Hanger Foundation Midland, TX PURPOSE: FOR UNRESTRICTED GENERAL OPERATING SUPPORT | $15,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $257 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Covenant Kids Inc Arlington, TX | $7,459,056 | $25,298,802 |
Gladney Center For Adoption Fort Worth, TX | $15,144,634 | $9,546,259 |
Miracle Foundation Inc Austin, TX | $3,952,092 | $3,731,836 |
Spaulding For Children Houston, TX | $1,803,441 | $3,566,009 |
Hope Cottage Inc Dallas, TX | $9,768,014 | $1,826,021 |
Both Ends Believing Inc Plano, TX | $1,721,695 | $2,343,528 |
Dillon International Inc Tulsa, OK | $738,849 | $1,457,400 |
Shared Beginnings Fayetteville, AR | $298,271 | $1,175,777 |
Family To Family Adoption Services Inc Richmond, TX | $107,112 | $870,385 |
Adoption Alliance San Antonio, TX | $2,559,916 | $841,559 |
Decolores Adoptions International Lake Charles, LA | $430,653 | $810,458 |
Abba Fund Inc Plano, TX | $3,396,798 | $695,056 |