Adoption Resource Center
- Assets
- $272.5k
- Revenue
- $743.4k
- Investments
- $0.0
- Employees
- 10
- Location
- Cherry Hill, NJ
- Founding
- 12/1994
- Data as of
- 12/2021
- EIN
- 23-2761554
Organization Overview
Adoption Resource Center is located in Cherry Hill, NJ. The organization was established in 1994. According to its NTEE Classification (P50) the organization is classified as: Personal Social Services, under the broad grouping of Human Services and related organizations. As of 12/2021, Adoption Resource Center employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Adoption Resource Center 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, Adoption Resource Center generated $743.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.3%) each year. All expenses for the organization totaled $999.9k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (0.8%) per year over the past 7 years. 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
ADOPTION SERVICES- THE PRIMARY PURPOSE OF ADOPTION RESOURCE CENTER IS TO PROVIDE A COMPLETE SPECTRUM OF ADOPTION SERVICES TO BIRTH FAMILIES, CHILDREN AND ADOPTIVE FAMILIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
ADOPTION SERVICES- THE PRIMARY PURPOSE OF ADOPTION RESOURCE CENTER IS TO PROVIDE A COMPLETE SPECTRUM OF ADOPTION SERVICES TO BIRTH FAMILIES, CHILDREN AND ADOPTIVE FAMILIES
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Merle Gutterman Executive Direc | OfficerTrustee | 40 | $130,000 |
Harold Sampson CPA President | OfficerTrustee | 0 | $0 |
Deneen Young Vice President | OfficerTrustee | 0 | $0 |
Michelle Folkman MD Ms Secretary | OfficerTrustee | 0 | $0 |
Stephan Nugter Board Members | Trustee | 0 | $0 |
Tara Gutterman Ex- Executive D | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $47,400 |
| All other contributions, gifts, grants, and similar amounts not included above | $14,506 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $61,906 |
| Total Program Service Revenue | $681,539 |
| 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 | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $743,445 |
| 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. | $130,000 |
| Compensation of current officers, directors, key employees. | $15,145 |
| Compensation to disqualified persons | $99,367 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $56,261 |
| Payroll taxes | $18,922 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $93,042 |
| Fees for services: Accounting | $26,550 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,954 |
| Advertising and promotion | $363,692 |
| Office expenses | $17,303 |
| Information technology | $180 |
| Royalties | $0 |
| Occupancy | $61,241 |
| Travel | $2,135 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,795 |
| Interest | $15,973 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,230 |
| Insurance | $13,784 |
| All other expenses | $23,803 |
| Total functional expenses | $999,900 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $252,085 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $9,730 |
| Net Land, buildings, and equipment | $7,164 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,550 |
| Total assets | $272,529 |
| Accounts payable and accrued expenses | $13,096 |
| 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 | $97,741 |
| Unsecured mortgages and notes payable | $561,282 |
| Other liabilities | $10,506 |
| Total liabilities | $682,625 |
| Net assets without donor restrictions | -$410,096 |
| 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 | $272,529 |
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