Dave Thomas Foundation for Adoption FY2024 filing

Tax-deductible

Dublin, OH501(c)(3)Since 1992UnclassifiedEIN 31-1356151Revenue $56.1M in FY2024

On file with the IRSdavethomasfoundation.org4900 Tuttle Crossing Blvd, 43016-1532 · Dublin, OHTax-exempt since Dec 1992Publicly supported — 509(a)(2)

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The Dave Thomas Foundation for Adoption will dramatically increase the number of adoptions of waiting children from north america's foster care systems.

501(c)(3) charity; gifts are tax-deductible.
83¢ of each $1 spent went to programs.
$2.1M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $10.3M a year · 20% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
83%
of spending
Looks good: 83% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$2.1M
to officers and key staff · 5% of spending
Looks good: pay to officers and key staff is 5% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
6 mo
of spending, in cash
Looks good: 5.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
4
named funders · $8K
Looks good: 4 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$7.1M
7% of total assets
Looks good: liabilities are 7% of assets; 50% or less.
Pt X · Ln 26
Independent board members
21
of 22 voting members
Looks good: 21 of 22 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$56.1M
+7% vs prior year
Spent
$44.6M
To programs
83%
Net assets
$100.3M
By yearFY2021–FY2025
Revenue
$56.1M
FY2024▲ +7%
Tap a bar for its year
Revenue by fiscal year
FY2021$39.2M
FY2022$45.8M
FY2023$52.4M
FY2024$56.1M
FY2025$61.6M
Expenses
$44.6M
FY2024▲ +10%
Tap a bar for its year
Expenses by fiscal year
FY2021$28.8M
FY2022$36.8M
FY2023$40.5M
FY2024$44.6M
FY2025$52.9M
Net assets
$100.3M
FY2024▲ +19%
Tap a bar for its year
Net assets by fiscal year
FY2021$57.4M
FY2022$72.1M
FY2023$84.5M
FY2024$100.3M
FY2025$109.5M

From the FY2024 Form 990 (year ending June 2024) · figures checked against the IRS filing · see the original

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You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Dec 1992.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

83 cents of each dollar spent went to programs.

Program services 83% · $37.2M Management & general 7% · $3.3M Fundraising 9% · $4.1M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

33 people listed on the 990; $2.1M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
President & CEO
$479,248Pt VII · Sec A
SVP, Strategic Program Development
$213,552Pt VII · Sec A
SVP, Marketing & Development
$212,198Pt VII · Sec A
SVP, Business Development
$200,023Pt VII · Sec A
SVP & General Counsel
$197,869Pt VII · Sec A
Senior VP, CFO
$188,697Pt VII · Sec A
VP, Marketing & Communications
$145,196Pt VII · Sec A
VP, Development
$132,801Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Rita L Soronen$489,694$479,248$476,269$406,287$423,831
Jennifer Justice$230,848$213,552$200,841$191,515$186,388
Jill Crumbacher$228,821$212,198$199,531$190,448$185,281
Melinda Haggerty$222,366$197,869$184,696$176,059$174,225
Eric Spires$204,390$188,697$129,596——
David Frissora$153,825$200,023$190,708$182,488$174,209
Scott Kriss———$188,989$95,214
Julianne Nichols$162,379$145,196$136,517$123,573$121,230

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Dave Thomas Foundation for Adoption executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Increases foster care adoptions across North America and provides free educational resources to support families after their adoptions are finalized.

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Provided by the organization

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3 programs · $37.1M · in their own filed words · FY2023
01

Wendy's Wonderful Kids

Wendy's wonderful kids, a signature program of the foundation, is making a difference for thousands of children across the nation - one child at a time. The dave thomas foundation for adoption awards grants to public and private agencies to hire adoption professionals who implement an evidence-based, child-focused recruitment strategy…

$31.1Mprogram expense
02

Program Grants & Awareness

The foundation is committed to nationally communicating the urgency of foster care adoption and to encouraging everyone to become an ambassador for waiting children. Year-round awareness efforts include daily social media communications; marketing programs dispelling myths and misperceptions surrounding the issue of foster care adoption…

$5.7Mprogram expense
03

Adoption-Friendly Workplace

In 1990, president george H.W. Bush asked dave thomas, founder of wendy's, to be the spokesperson for a new adoption initiative. Dave, an adoptee and adoption advocate, enthusiastically accepted the challenge and began to speak out publicly, asking people to consider foster care adoption and encouraging other business leaders to offer…

$307Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 4 funders$8K
See all 4 funders →
Grants paid · 634 grants · $128.7M · 2020–2024
Villages of Indiana INCIN · FY2024$3,056,524
Caring for Kids INCOH · FY2024$2,116,250
Raise the FutureCO · FY2024$2,060,348
Massachusetts Department of Children and FamiliesFY2024$1,251,562
Adopt America NetworkOH · FY2024$1,186,500
Northeast Ohio Adoption ServicesOH · FY2024$1,131,000
Bethany Christian ServicesMI · FY2024$954,800
Franklin County Children ServicesFY2024$557,800
Gateway-Longview FoundationNY · FY2024$550,000
Focus on Youth INCOH · FY2024$528,600
Hamilton County Department of Job and Family ServicesFY2024$465,000
Sjrc Texas INCTX · FY2024$461,250
Parsons Child & Family CenterNY · FY2024$440,000
Hillside Childrens CenterNY · FY2024$440,000
Puerto Rico Department of the FamilyFY2024$385,000
See all 634 grants →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$56.1M
Ln 12
Gifts and grantsLn 1h$51.3M
Investment incomeLn 3$4.3M
Other incomeLn 4–11$362K
Money outPt IX
$44.6M
Ln 25
Programscol B$37.2M
Managementcol C$3.3M
Fundraisingcol D$4.1M
Owns and owesPt X
$100.3M
net assets · Ln 32
Cash and savingsLn 1–2$21.5M
Total assetsLn 16$107.3M
LiabilitiesLn 26$7.1M
PeoplePt VI, VII
33
listed · VII A
PaidVII A11
Voting boardVI 1a22
IndependentVI 1b21
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$51.3M
Government grantsLn 1e$13.8M
Noncash giftsLn 1g$52K
Fundraising eventsLn 1c$37K
Fees for servicesLn 2g$148K
Investment incomeLn 3$4.3M
Other incomeLn 4–11$362K
Gains on assetsLn 7$1.4M
Total revenueLn 12$56.1M
Assets in detailPt X, end of year
CashLn 1$24K
SavingsLn 2$21.4M
Cash and savings togetherLn 1–2$21.5M
InvestmentsLn 11–13$76.7M
Land, buildings, equipmentLn 10c$6.5M
Other assetsLn 15$55K
Total assetsLn 16$107.3M
LiabilitiesLn 26$7.1M
Net assetsLn 32$100.3M
OperationsPt I, VI
EmployeesI 559
VolunteersI 650
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$18.6M$21.5M
InvestmentsLn 11–13$65.5M$76.7M
Land, buildings, equipmentLn 10c$6.9M$6.5M
Total assetsLn 16$94.1M$107.3M
LiabilitiesLn 26$9.5M$7.1M
Net assetsLn 32$84.5M$100.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$26.5M$26.5M
Grants and assistance to foreign recipientsLn 3$148K$148K
Pay of current officers, directors and key staffLn 5$1.7M$820K$645K$239K
Other salaries and wagesLn 7$5.2M$3.1M$1.2M$927K
Pension plan contributionsLn 8$140K$88K$23K$29K
Other employee benefitsLn 9$1.2M$682K$283K$223K
Payroll taxesLn 10$385K$220K$99K$66K
Legal feesLn 11b$3K$3K
Accounting feesLn 11c$57K$57K
Lobbying feesLn 11d$1K$1K
Professional fundraising feesLn 11e$1.8M$1.8M
Investment management feesLn 11f$262K$262K
Other fees for servicesLn 11g$195K$106K$89K
Advertising and promotionLn 12$2.9M$2.9M$31K$9K
Office expensesLn 13$246K$70K$51K$125K
Information technologyLn 14$1.0M$780K$223K
OccupancyLn 16$451K$250K$122K$79K
TravelLn 17$245K$128K$13K$103K
Conferences, conventions and meetingsLn 19$58K$8K$43K$7K
Depreciation, depletion and amortizationLn 22$351K$295K$31K$25K
InsuranceLn 23$67K$67K
Other expenses (24a–d)Ln 24$1.5M$1.1M$409K
All other expensesLn 24e$75K$8K$57K$11K
Total functional expensesLn 25$44.6M$37.2M$3.3M$4.1M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $61.6M$52.9M$8.8M$109.5M 990 PDF
FY2024 Viewing $56.1M$44.6M$11.6M$100.3M 990 PDF
FY2023 $52.4M$40.5M$12.0M$84.5M 990 PDF
FY2022 $45.8M$36.8M$8.9M$72.1M 990 PDF
FY2021 $39.2M$28.8M$10.4M$57.4M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $56,121,707 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $48,712,466$51,321,470
I-9 Program service revenuePrior year $143,461$148,178
I-10 Investment incomePrior year $3,136,451$4,290,037
I-11 Other revenuePrior year $429,010$362,022
I-12 Total revenuePrior year $52,421,388$56,121,707
I-13 Grants and similar amounts paidPrior year $25,769,423$26,671,479
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $7,526,012$8,612,374
I-16a Professional fundraising feesPrior year $1,356,819$1,829,712
I-17 Other expensesPrior year $5,803,119$7,442,360
I-18 Total expensesPrior year $40,455,373$44,555,925
I-19 Revenue less expensesPrior year $11,966,015$11,565,782
Part VI · Governance 21 of 22 board members independent, 1 to look at
VI-1a Voting members of the governing body22
VI-1b Independent voting members21
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $56,121,707 across 11 lines filed
VIII-1a Federated campaigns$1,055
VIII-1c Fundraising events$36,759
VIII-1e Government grants$13,785,869
VIII-1f All other contributions, gifts and grants$37,497,787
VIII-1g Noncash contributions (included above)$51,997
VIII-1h Total contributions, gifts and grants$51,321,470
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $148,178$148,178
VIII-3 Investment incomeExcluded from tax $2,872,153$2,872,153
VIII-7 Net gain or loss on sales of assetsExcluded from tax $1,417,884$1,417,884
VIII-8 Net income from fundraising eventsExcluded from tax $362,022$362,022
VIII-12 Total revenueRelated to mission $148,178 · Unrelated business $0 · Excluded from tax $4,652,059$56,121,707
Part IX · Statement of functional expenses $44,555,925 across 23 lines filed
IX-1 Grants to domestic organizationsPrograms $26,523,301$26,523,301
IX-3 Grants and assistance to foreign recipientsPrograms $148,178$148,178
IX-5 Pay of current officers, directors and key staffPrograms $819,710 · Management $645,354 · Fundraising $239,226$1,704,290
IX-7 Other salaries and wagesPrograms $3,068,409 · Management $1,199,201 · Fundraising $927,245$5,194,855
IX-8 Pension plan contributionsPrograms $87,792 · Management $22,940 · Fundraising $29,248$139,980
IX-9 Other employee benefitsPrograms $682,261 · Management $283,454 · Fundraising $222,696$1,188,411
IX-10 Payroll taxesPrograms $219,597 · Management $98,845 · Fundraising $66,396$384,838
IX-11b Legal feesManagement $2,603$2,603
IX-11c Accounting feesManagement $57,480$57,480
IX-11d Lobbying feesManagement $1,143$1,143
IX-11e Professional fundraising feesFundraising $1,829,712$1,829,712
IX-11f Investment management feesManagement $261,706$261,706
IX-11g Other fees for servicesPrograms $106,242 · Management $89,000$195,242
IX-12 Advertising and promotionPrograms $2,866,165 · Management $31,179 · Fundraising $9,395$2,906,739
IX-13 Office expensesPrograms $70,155 · Management $51,281 · Fundraising $125,011$246,447
IX-14 Information technologyPrograms $779,715 · Management $223,062$1,002,777
IX-16 OccupancyPrograms $249,986 · Management $121,765 · Fundraising $78,947$450,698
IX-17 TravelPrograms $128,358 · Management $13,164 · Fundraising $103,259$244,781
IX-19 Conferences, conventions and meetingsPrograms $8,463 · Management $42,768 · Fundraising $6,544$57,775
IX-22 Depreciation, depletion and amortizationPrograms $295,248 · Management $30,704 · Fundraising $24,930$350,882
IX-23 InsuranceManagement $67,497$67,497
IX-24 Other expenses (24a–d)Programs $1,111,776 · Fundraising $409,316$1,521,092
IX-24e All other expensesPrograms $7,649 · Management $57,111 · Fundraising $10,738$75,498
IX-25 Total functional expensesPrograms $37,173,005 · Management $3,300,257 · Fundraising $4,082,663$44,555,925
Part X · Balance sheet $107,334,376 assets, 18 lines filed
X-1 Cash, non-interest-bearingStart of year $33,827$24,283
X-2 Savings and temporary cash investmentsStart of year $18,584,271$21,426,014
X-3 Pledges and grants receivableStart of year $2,711,298$2,279,579
X-8 Inventories for sale or useStart of year $56,742$111,645
X-9 Prepaid expenses and deferred chargesStart of year $185,937$156,596
X-10c Land, buildings and equipment, netStart of year $6,858,764$6,545,701
X-11 Publicly traded securitiesStart of year $65,468,176$76,735,983
X-15 Other assetsStart of year $186,253$54,575
X-16 Total assetsStart of year $94,085,268$107,334,376
X-17 Accounts payable and accrued expensesStart of year $77,823$311,437
X-18 Grants payableStart of year $8,906,899$6,151,660
X-19 Deferred revenue$16,500
X-25 Other liabilitiesStart of year $556,851$573,639
X-26 Total liabilitiesStart of year $9,541,573$7,053,236
X-27 Net assets without donor restrictionsStart of year $80,403,028$97,012,578
X-28 Net assets with donor restrictionsStart of year $4,140,667$3,268,562
X-32 Total net assets or fund balancesStart of year $84,543,695$100,281,140
X-33 Total liabilities and net assetsStart of year $94,085,268$107,334,376
Part XI · Reconciliation of net assets $100,281,140 net assets at year end
XI-1 Total revenue$56,121,707
XI-2 Total expenses$44,555,925
XI-3 Revenue less expenses$11,565,782
XI-4 Net assets at start of year$84,543,695
XI-5 Net unrealized gains (losses) on investments$2,946,988
XI-9 Other changes in net assets$1,224,675
XI-10 Net assets at end of year$100,281,140

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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