Heartsent Adoptions Inc
- Assets
- $216.2k
- Revenue
- $996.6k
- Investments
- $0.0
- Employees
- 23
- Location
- Orinda, CA
- Founding
- 05/1996
- Data as of
- 12/2021
- EIN
- 68-0367353
Organization Overview
Heartsent Adoptions Inc is located in Orinda, CA. The organization was established in 1996. 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, Heartsent Adoptions Inc employed 23 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Heartsent Adoptions 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 12/2021, Heartsent Adoptions Inc generated $996.6k 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 (7.0%) each year. All expenses for the organization totaled $994.5k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (7.2%) 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
HEARTSENT ADOPTIONS INC IS A FULL SERVICE DOMESTIC AND INTERNATIONAL ADOPTION AGENCY THAT PROVIDES ASSISTANCE AND EDUCATION TO ADOPTING PARENTS AND FAMILIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
HEARTSENT ADOPTIONS INC IS A FULL SERVICE DOMESTIC AND INTERNATIONAL ADOPTION AGENCY THAT PROVIDES ASSISTANCE AND EDUCATION TO ADOPTING PARENTS AND FAMILIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Val Free Executive Director | OfficerTrustee | 40 | $93,133 |
Richard Lotspeich Treasurer | Officer | 40 | $49,834 |
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 | $250 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $250 |
| Total Program Service Revenue | $996,280 |
| Investment income | $107 |
| 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 | $996,637 |
| 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. | $136,670 |
| Compensation of current officers, directors, key employees. | $27,334 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $363,592 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $14,691 |
| Payroll taxes | $38,270 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,205 |
| Fees for services: Accounting | $14,820 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,009 |
| Office expenses | $15,795 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $93,689 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $7,745 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,111 |
| Insurance | $17,835 |
| All other expenses | $103,857 |
| Total functional expenses | $994,459 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $194,129 |
| 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 | $11,845 |
| Net Land, buildings, and equipment | $10,216 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $216,190 |
| Accounts payable and accrued expenses | $3,630 |
| 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 | $37,860 |
| Other liabilities | $0 |
| Total liabilities | $41,490 |
| Net assets without donor restrictions | $174,700 |
| 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 | $216,190 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Heartsent Adoptions Inc has recieved totaling $26,000.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $26,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Holt International Childrens Services Inc Eugene, OR | $24,744,384 | $31,010,509 |
Nightlight Christian Adoptions Santa Ana, CA | $2,692,262 | $8,666,914 |
Aid To Adoption Of Special Kids Phoenix, AZ | $31,815,568 | $10,870,362 |
Sierra Forever Families Sacramento, CA | $8,377,568 | $6,662,035 |
Independent Adoption Center Case #17-40327 Hercules, CA | $0 | $2,104,817 |
Building Arizona Families Surprise, AZ | $911,088 | $3,212,292 |
Holt International Foundation Of China Eugene, OR | $28,775 | $2,379,545 |
Latino Family Institute Inc West Covina, CA | $1,351,935 | $2,298,088 |
Legacy Behavioral Services Inc Bakersfield, CA | $317,775 | $2,288,689 |
Agape Adoption Agency Of Arizona Inc Phoenix, AZ | $602,159 | $1,471,973 |
Open Adoption & Family Services Inc Portland, OR | $1,389,687 | $1,661,234 |
Premier Adoption Agency Mesquite, NV | $2,033,840 | $1,139,441 |