Friends in Adoption INC EIN 52-1571672

Friends in Adoption INC

EIN  52-1571672 Public charity (501(c)(3)) Castleton, VT
Form 990 (PDF) Compare with another nonprofit →
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Size
$1–10M
What they do
Educates and supports people considering and completing private adoptions.
Leadership
Tara Saltis · Executive Director · $127K
Money in and out
$1.1M revenue, $896K expenses
Bottom line
86% program efficiency

Educates and supports people considering and completing private adoptions. For fiscal year 2024 it reported $1.1M in revenue, $896K in expenses, and $2.3M in net assets.Pt I

Where the money goes · FY2024
Total revenue
$1.1M
Pt VIII · Ln 12
Total expenses
$896K
Pt IX · Ln 25
Net assets
$2.3M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $207K
Where spending went · Part IX cols B–D
Program services $0.86 Management & general $0.14
Program efficiency
86%
of spending reaches programs0% vs prior filing year
Operating runway
40.1mo
months of highly liquid reserves at operating expense rate▲ +17% vs prior filing year
Surplus margin
+19%
revenue over expenses, this year▲ +7% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$1.1M
FY2024▲ +4%
Expenses
$896K
FY2024▲ +3%
Total assets
$3.1M
FY2024▲ +21%
Total liabilities
$786K
FY2024▲ +34%
Total revenue
$1.1M
Pt VIII · Ln 12
Total expenses
$896K
Pt IX · Ln 25
Net assets
$2.3M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$207K
Total assetsPt X · Ln 16$3.1M
Program-expense ratioPt IX · col B86%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 47
Mission & Programs · Part III

Where the work happens

1 program service account for $774K of program spending, described in the organization's own filed words · FY2024.
01

The organization provides education and support to clients considering and completing private adoption of children.

$774Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CFriends in Adoption INC
EINHdr · item D52-1571672
Principal addressHdr · item CCastleton, VT
WebsiteHdr · item Jwww.friendsinadoption.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MVT
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P31Z)
Ruling yearIRS BMFApr 1994

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a7
Independent voting membersPt VI · Ln 1b7
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$127,200Pt VII · Sec A
President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A

Tara Saltis’s $127K as Executive Director is at the 60th percentile of top reported officer pay among 3864 $1–10M human services nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Tara Saltis$127,200$123,308$115,500$108,992$86,920

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.

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Statement of Revenue

Part VIII
Program service revenue$986K · 89%
Investment income$67K · 6%
Contributions & grants$49K · 4%
Program service revenue89%$986K
Investment income6%$67K
Contributions & grants4%$49K
Total revenueLn 12$1.1M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.86 Management & general $0.14
Program services86%$774K
Management & general14%$122K
Total functional expensesLn 25$896K

Balance Sheet

Part X · end of year
CashLn 1$863K
Total assetsLn 16$3.1M
Total liabilitiesLn 26$786K
Total net assetsLn 32$2.3M
Months of cash on handcomputed11.6

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $3.0M · Operating expenses/yr $896K
40.1 months
Where the money goes
Program services
Program services $774K · Total expenses $896K
86%
Management & General
Management & general $122K · Total expenses $896K
14%
Fundraising
Fundraising $0 · Total expenses $896K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $43K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $49K · Total revenue $1.1M
4%
Government reliance
Government grants — · Total revenue $1.1M
Earned-income share
Program service revenue $986K · Total revenue $1.1M
89%
Investment reliance
Investment income $67K · Total revenue $1.1M
+6%
Program self-sufficiency
Program service revenue $986K · Total expenses $896K
110%
Growth & trend
Revenue growth (YoY)
This year $1.1M · Prior year $1.1M
+4%
Revenue CAGR
FY2020 $1.2M · FY2024 $1.1M
-2%
Net-asset trend (YoY)
End of year $2.3M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $1.1M · Expenses $896K
+19%
Liabilities-to-Assets
Total liabilities — · Total assets $3.1M
Net-asset ratio
Net assets $2.3M · Total assets $3.1M
75%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $2.1M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $3.1M
68%
People & payroll
Highest Reported Total Compensation
Individual Tara Saltis · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $127K · Total expenses $896K
14%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $562K · Total expenses $896K
63%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 86%
Overhead ratio 14%
Fundraising cost ratio 0%
Revenue growth 4%
Investment management fee ratio 0%
Legal fee ratio 1%
Accounting fee ratio 1%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
GE FoundationFY2024$150
Total grants receivedfrom 3 funders$7K
See all 3 funders →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$1.1M revenue · viewing · ⤓ 990 PDF
FY2023$1.1M revenue · ⤓ 990 PDF
FY2022$820K revenue · ⤓ 990 PDF
FY2021$1.3M revenue · ⤓ 990 PDF
FY2020$1.2M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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