PLATINUM2023

Gift of Adoption Fund Inc Parent

Funding adoptions for children in vulnerable circumstances

aka Gift of Adoption   |   Northbrook, IL   |  www.giftofadoption.org

Learn how to support this organization
GuideStar Charity Check

Gift of Adoption Fund Inc

EIN: 39-1863217


Mission

Gift of Adoption provides grants to complete the adoptions of children in vulnerable circumstances - giving them permanent families and a chance to thrive.

Ruling year info

2003

Chief Executive Officer

Ms. Pam Devereux

Main address

1200 Shermer Rd, Suite 111

Northbrook, IL 60062 USA

Show more contact info

EIN

39-1863217

Subject area info

Human services

Adoption

Population served info

Children and youth

Foster and adoptive children

At-risk youth

NTEE code info

Adoption (P31)

Foster Care (P32)

Children's and Youth Services (P30)

What we aim to solve

SOURCE: Self-reported by organization

Over 143 million children worldwide have been orphaned, abandoned, or taken from their parents due to extreme abuse or neglect. These children live in foster homes, institutions, and on the streets. For many of these children, adoption into a loving family is the right thing. Gift of Adoption addresses the needs of waiting children by providing grants to qualified parents to complete the process – giving children without families permanent homes and the chance to thrive. To date, we've provided over $10.8m to unite more than 3,720 children with their forever families. Half of our grants help children born in the United States. Highest priority is given to uniting biological siblings, preventing children from entering into foster care or from “aging out" of orphanages and expediting adoptions of children with critical medical conditions. Gift of Adoption provides a way for all of us to give to adoption as we give to other essential causes such as homelessness, hunger, and education.

Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Adoption Assistance Grants

Gift of Adoption has only one program — providing adoption assistance grants. In FY23 (1/1/23 – 12/31/23), we will award 520 grants. Because many grants assist families adopting biological sibling sets, those 520 grants will make it possible for 650 children to be adopted by permanent and loving families.

Population(s) Served
Children and youth
At-risk youth

Where we work

Awards

Angels in Adoption 2016

Congressional Coalition on Adoption Institute (CCAI)

Affiliations & memberships

CCAI Angel in Adoption Recognition 2016

Our results

SOURCE: Self-reported by organization

How does this organization measure their results? It's a hard question but an important one.

Number of volunteers

This metric is no longer tracked.
Totals By Year
Population(s) Served

Adults

Related Program

Adoption Assistance Grants

Type of Metric

Output - describing our activities and reach

Direction of Success

Increasing

Context Notes

Number of Volunteers reflects the numbers serving on Chapter & National Boards.

Number of children adopted with aid of our grant program

This metric is no longer tracked.
Totals By Year
Population(s) Served

Children and youth

Related Program

Adoption Assistance Grants

Type of Metric

Outcome - describing the effects on people or issues

Direction of Success

Increasing

Context Notes

FY2020 is the 5th year of a five-year plan. In FY20, GOA will help complete the adoptions of 500 children.

Number of families receiving grant assistance to complete the adoptions of vulnerable children

This metric is no longer tracked.
Totals By Year
Population(s) Served

Children and youth

Related Program

Adoption Assistance Grants

Type of Metric

Output - describing our activities and reach

Direction of Success

Increasing

Context Notes

Number of families who were able to complete their adoptions of vulnerable children with the help of a GOA grant. Many grants help siblings and multiple children.

Goals & Strategy

SOURCE: Self-reported by organization

Learn about the organization's key goals, strategies, capabilities, and progress.

Charting impact

Four powerful questions that require reflection about what really matters - results.

Our 5-Year Growth Plan calls for bridging the financial gap in the adoptions of 750 children annually by 2025.

Our 5-Year Growth Plan calls for expanding our Chapter network from 25 chapters to 35, creating a national footprint to spread awareness of our mission, to galvanize volunteers to raise funds for grants, and to attract corporate and foundation support.

The Chapter volunteer leadership will be supported by centralized expenditures in brand development and donor stewardship to build a broad, sustainable donor base and programs capable of bridging the financial gap in the adoptions of 750 children annually.

More than $10.8 Million In Adoption Assistance Grants Have Been Awarded
The Gift of Adoption Fund has reached over 3,720 children with the gift of family.

How we listen

SOURCE: Self-reported by organization

Seeking feedback from people served makes programs more responsive and effective. Here’s how this organization is listening.

done We shared information about our current feedback practices.
  • How is your organization using feedback from the people you serve?

    To identify and remedy poor client service experiences, To identify bright spots and enhance positive service experiences, To make fundamental changes to our programs and/or operations, To inform the development of new programs/projects, To identify where we are less inclusive or equitable across demographic groups, To strengthen relationships with the people we serve, To understand people's needs and how we can help them achieve their goals

  • Which of the following feedback practices does your organization routinely carry out?

    We collect feedback from the people we serve at least annually, We take steps to get feedback from marginalized or under-represented people, We aim to collect feedback from as many people we serve as possible, We take steps to ensure people feel comfortable being honest with us, We look for patterns in feedback based on demographics (e.g., race, age, gender, etc.), We look for patterns in feedback based on people’s interactions with us (e.g., site, frequency of service, etc.), We engage the people who provide feedback in looking for ways we can improve in response, We act on the feedback we receive, We share the feedback we received with the people we serve, We tell the people who gave us feedback how we acted on their feedback

  • What challenges does the organization face when collecting feedback?

    We don't have any major challenges to collecting feedback

Revenue vs. expenses:  breakdown

SOURCE: IRS Form 990 info
NET GAIN/LOSS:    in 
Note: When component data are not available, the graph displays the total Revenue and/or Expense values.

Liquidity in 2022 info

SOURCE: IRS Form 990

2.66

Average of 2.36 over 10 years

Months of cash in 2022 info

SOURCE: IRS Form 990

9.6

Average of 6.4 over 10 years

Fringe rate in 2022 info

SOURCE: IRS Form 990

15%

Average of 11% over 10 years

Funding sources info

Source: IRS Form 990

Assets & liabilities info

Source: IRS Form 990

Financial data

SOURCE: IRS Form 990

Gift of Adoption Fund Inc

Revenue & expenses

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

Fiscal year ending: cloud_download Download Data

Gift of Adoption Fund Inc

Balance sheet

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.

Fiscal year ending: cloud_download Download Data

Gift of Adoption Fund Inc

Financial trends analysis Glossary & formula definitions

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

This snapshot of Gift of Adoption Fund Inc’s financial trends applies Nonprofit Finance Fund® analysis to data hosted by GuideStar. While it highlights the data that matter most, remember that context is key – numbers only tell part of any story.

Created in partnership with

* This organization changed its fiscal year accounting period in 2020. Please refer to its 2020 990s for more information.

Business model indicators

Profitability info 2018 2019 2020 * 2021 2022
Unrestricted surplus (deficit) before depreciation -$51,548 $255,107 $115,446 $785,329 $337,158
As % of expenses -3.0% 12.7% 5.3% 27.3% 10.2%
Unrestricted surplus (deficit) after depreciation -$58,048 $252,264 $115,446 $785,329 $337,158
As % of expenses -3.4% 12.5% 5.3% 27.3% 10.2%
Revenue composition info
Total revenue (unrestricted & restricted) $1,877,431 $2,427,233 $2,195,976 $3,630,758 $3,803,685
Total revenue, % change over prior year 6.9% 29.3% -9.5% 65.3% 4.8%
Program services revenue 1.4% 1.3% 1.9% 1.1% 1.2%
Membership dues 0.0% 0.0% 0.0% 0.0% 0.0%
Investment income 0.7% 0.8% 0.9% 1.2% 1.1%
Government grants 0.0% 0.0% 0.0% 2.9% 2.9%
All other grants and contributions 97.7% 97.5% 96.9% 94.4% 94.2%
Other revenue 0.2% 0.4% 0.3% 0.4% 0.6%
Expense composition info
Total expenses before depreciation $1,725,223 $2,007,814 $2,174,274 $2,876,357 $3,292,224
Total expenses, % change over prior year 5.8% 16.4% 8.3% 32.3% 14.5%
Personnel 28.4% 27.1% 28.6% 27.6% 25.3%
Professional fees 1.5% 1.3% 2.3% 2.4% 3.6%
Occupancy 0.3% 0.6% 0.3% 0.4% 0.4%
Interest 0.0% 0.0% 0.0% 0.0% 0.0%
Pass-through 60.1% 62.6% 63.3% 64.6% 66.0%
All other expenses 9.7% 8.4% 5.5% 5.0% 4.8%
Full cost components (estimated) info 2018 2019 2020 2021 2022
Total expenses (after depreciation) $1,731,723 $2,010,657 $2,174,274 $2,876,357 $3,292,224
One month of savings $143,769 $167,318 $181,190 $239,696 $274,352
Debt principal payment $0 $0 $0 $0 $110,497
Fixed asset additions $0 $0 $0 $0 $0
Total full costs (estimated) $1,875,492 $2,177,975 $2,355,464 $3,116,053 $3,677,073

Capital structure indicators

Liquidity info 2018 2019 2020 2021 2022
Months of cash 4.6 6.2 6.4 8.9 9.6
Months of cash and investments 6.3 8.1 8.5 12.3 12.6
Months of estimated liquid unrestricted net assets 2.7 3.8 4.2 6.5 6.9
Balance sheet composition info 2018 2019 2020 2021 2022
Cash $665,404 $1,041,619 $1,159,900 $2,125,575 $2,627,653
Investments $244,121 $317,387 $377,890 $833,136 $838,195
Receivables $630,669 $606,229 $569,389 $514,980 $471,573
Gross land, buildings, equipment (LBE) $19,667 $19,667 $19,667 $19,667 $19,667
Accumulated depreciation (as a % of LBE) 85.5% 100.0% 100.0% 100.0% 100.0%
Liabilities (as a % of assets) 32.4% 25.8% 31.6% 32.2% 32.3%
Unrestricted net assets $387,516 $639,780 $755,226 $1,565,416 $1,902,574
Temporarily restricted net assets $657,669 $826,729 N/A N/A N/A
Permanently restricted net assets $0 $0 N/A N/A N/A
Total restricted net assets $657,669 $826,729 $725,689 $799,493 $830,116
Total net assets $1,045,185 $1,466,509 $1,480,915 $2,364,909 $2,732,690

Key data checks

Key data checks info 2018 2019 2020 2021 2022
Material data errors No No No No No

Operations

The people, governance practices, and partners that make the organization tick.

Documents
Form 1023/1024 is not available for this organization

Chief Executive Officer

Ms. Pam Devereux

Pam Devereux joined the Gift of Adoption Board of Directors in 2003. In August 2007 she was appointed by the Board to be the organization's CEO. Prior to Gift of Adoption, Pam was the CEO of the Make-A-Wish Foundation of Illinois for 8 years.

Number of employees

Source: IRS Form 990

Gift of Adoption Fund Inc

Officers, directors, trustees, and key employees

SOURCE: IRS Form 990

Compensation
Other
Related
Show data for fiscal year
Compensation data
Download up to 5 most recent years of officer and director compensation data for this organization

Gift of Adoption Fund Inc

Highest paid employees

SOURCE: IRS Form 990

Compensation
Other
Related
Show data for fiscal year
Compensation data
Download up to 5 most recent years of highest paid employee data for this organization

Gift of Adoption Fund Inc

Board of directors
as of 10/25/2023
SOURCE: Self-reported by organization
Board of directors data
Download the most recent year of board of directors data for this organization
Board chair

Mr. Andrew Sandquist

Newmark Knight Frank

Term: 2022 - 2023

Glen Mangold

Allianz Global Corporate & Specialty

Meg Gibson Revord

Kirkland & Ellis LLP

Jim Vint

Breakwater Solutions

Greg Ewald

Federal Reserve Bank of Richmond

Andrew Sandquist

Newmark Knight Frank

Michael Conway

Jones Day

Tom Southall

ITW

John Tilson

Brown Gibbons Lang & Company

Corinne McClintic

Northern Trust

Andrea Armstrong

Alight Solutions

Peter Grabell

Dividend Finance

Ekata Doshi

Sikich

Alison Gutterman

Jelmar

Todd Lovell

Raymond James

Angela Montez

Eversheds Sutherland (US) LLP

Jeffrey Ramson

PCG Advisory

Gregg Rusk

Retired

Kamesh Somanchi

Dallas Venture Capital

Greg Stemler

Retired

Lloyd Van Dyke

Wells Fargo

Susan Wenzel

Luxury Travel Consulting

Carolyn Woznicki

Illinois Tool Works

Board leadership practices

SOURCE: Self-reported by organization

GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.

  • Board orientation and education
    Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations? Yes
  • CEO oversight
    Has the board conducted a formal, written assessment of the chief executive within the past year ? Yes
  • Ethics and transparency
    Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year? Yes
  • Board composition
    Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership? Yes
  • Board performance
    Has the board conducted a formal, written self-assessment of its performance within the past three years? Yes

Organizational demographics

SOURCE: Self-reported; last updated 10/25/2023

Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.

Leadership

The organization's leader identifies as:

Race & ethnicity
White/Caucasian/European
Gender identity
Female, Not transgender (cisgender)
Sexual orientation
Heterosexual or straight
Disability status
Person without a disability

Race & ethnicity

Gender identity

 

Sexual orientation

Disability

We do not display disability information for organizations with fewer than 15 staff.

Equity strategies

Last updated: 10/25/2023

GuideStar partnered with Equity in the Center - an organization that works to shift mindsets, practices, and systems to increase racial equity - to create this section. Learn more

Data
  • We review compensation data across the organization (and by staff levels) to identify disparities by race.
  • We ask team members to identify racial disparities in their programs and / or portfolios.
  • We analyze disaggregated data and root causes of race disparities that impact the organization's programs, portfolios, and the populations served.
  • We disaggregate data to adjust programming goals to keep pace with changing needs of the communities we support.
  • We employ non-traditional ways of gathering feedback on programs and trainings, which may include interviews, roundtables, and external reviews with/by community stakeholders.
  • We disaggregate data by demographics, including race, in every policy and program measured.
  • We have long-term strategic plans and measurable goals for creating a culture such that one’s race identity has no influence on how they fare within the organization.
Policies and processes
  • We have a promotion process that anticipates and mitigates implicit and explicit biases about people of color serving in leadership positions.
  • We seek individuals from various race backgrounds for board and executive director/CEO positions within our organization.
  • We have community representation at the board level, either on the board itself or through a community advisory board.
  • We help senior leadership understand how to be inclusive leaders with learning approaches that emphasize reflection, iteration, and adaptability.
  • We engage everyone, from the board to staff levels of the organization, in race equity work and ensure that individuals understand their roles in creating culture such that one’s race identity has no influence on how they fare within the organization.