Gift Of Adoption Fund Inc
- Assets
- $4.6m
- Revenue
- $4.2m
- Investments
- $0.0
- Employees
- 9
- Location
- Northbrook, IL
- Founding
- 11/2003
- Data as of
- 12/2023
- EIN
- 39-1863217
Organization Overview
Gift Of Adoption Fund Inc is located in Northbrook, IL. 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 12/2023, Gift Of Adoption Fund Inc employed 9 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Gift Of Adoption Fund 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 12/2023, Gift Of Adoption Fund Inc generated $4.2m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 11.8% each year . All expenses for the organization totaled $4.0m during the year ending 12/2023. While expenses have increased by 12.7% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE ADOPTION FINANCIAL ASSISTANCE TO QUALIFIED PARENTS TO COMPLETE THE ADOPTIONS OF CHILDREN IN VULNERABLE SITUATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE ADOPTION ASSISTANCE GRANTS TO COMPLETE THE ADOPTIONS OF CHILDREN IN VULNERABLE SITUATIONS - GIVING THEM PERMANENT FAMILIES AND THE CHANCE TO THRIVE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew Sandquist President | OfficerTrustee | 1 | $0 |
Thomas Southall Vice President | OfficerTrustee | 1 | $0 |
Angela Montez Secretary | OfficerTrustee | 1 | $0 |
Carolyn Woznicki Treasurer | OfficerTrustee | 1 | $0 |
Andrea Armstrong Board Member | Trustee | 1 | $0 |
Michael Conway Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $647,378 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,995,783 |
| Noncash contributions included in lines 1a–1f | $232,539 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,643,161 |
| Total Program Service Revenue | $48,400 |
| Investment income | $122,921 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $39 |
| Net Income from Fundraising Events | $424,677 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,239,198 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,500 |
| Grants and other assistance to domestic individuals. | $2,694,272 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $253,726 |
| Compensation of current officers, directors, key employees. | $93,016 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $590,671 |
| Pension plan accruals and contributions | $11,285 |
| Other employee benefits | $84,421 |
| Payroll taxes | $60,048 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $32,420 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,272 |
| Fees for services: Other | $57,904 |
| Advertising and promotion | $480 |
| Office expenses | $102,913 |
| Information technology | $13,178 |
| Royalties | $0 |
| Occupancy | $13,066 |
| Travel | $8,070 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $58,055 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $8,323 |
| All other expenses | $8,250 |
| Total functional expenses | $4,000,854 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,704,007 |
| Savings and temporary cash investments | $1,000,000 |
| Pledges and grants receivable | $471,930 |
| Accounts receivable, net | $23,449 |
| 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 | $11,086 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,306,978 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $66,245 |
| Total assets | $4,583,695 |
| Accounts payable and accrued expenses | $78,139 |
| Grants payable | $1,341,684 |
| Deferred revenue | $32,702 |
| 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 | $67,721 |
| Total liabilities | $1,520,246 |
| Net assets without donor restrictions | $2,099,131 |
| Net assets with donor restrictions | $964,318 |
| 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 | $4,583,695 |