A Bond of Love Adoption Agency INC

Tax-deductible

Sarasota, FL501(c)(3)Human ServicesEIN 65-0307813Revenue $274K in FY2024

On file with the IRSabondoflove.org2813 Forest Ln, 34231-6510 · Sarasota, FLTax-exempt since Dec 1997Publicly supported — 509(a)(2)

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Abl is a non-profit, licensed child-placing Agency that offers a unique blend of Adoption services to meet the growing needs of birth parents and prospective adoptive couples. The full spectrum of services available through an Adoption Agency, combined with the flexibility traditionally associated with independent attorney placements, provide for personal freedom and choices for all members of the Adoption triad. Abl performs a comprehensive home study. This in-depth process provides as much medical background and social history on the birthparents as possible. In addition, the process thoroughly screens all prospective adoptive homes to ensure their suitability for the placement of the child. As a licensed child-placing Agency, abl is able to place children with adoptive families residing throughout the united states. In addition, abl can work with birth families locally and on a national basis.

501(c)(3) charity; gifts are tax-deductible.
76¢ of each $1 spent went to programs.
$60K 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 4
filings with a surplus
Average surplus $46K a year · 15% of revenue · last 4 filings
Fine: a surplus in 3 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
76%
of spending
Looks good: 76% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$60K
to officers and key staff · 25% of spending
Top officer’s pay higher than 50% of similar orgs
Worth a look: pay to officers and key staff is 25% of spending; over 20%.
Pt VII · Sec A
Cash reserves
18 mo
of spending, in cash
Looks good: 17.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $10K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$52K
11% of total assets
Looks good: liabilities are 11% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$274K
+51% vs prior year
Spent
$241K
To programs
76%
Net assets
$400K
By yearFY2020–FY2024
Revenue
$274K
FY2024▲ +51%
Tap a bar for its year
Revenue by fiscal year
FY2020$310K
FY2021$374K
FY2022$255K
FY2023$181K
FY2024$274K
Expenses
$241K
FY2024▼ -11%
Tap a bar for its year
Expenses by fiscal year
FY2020$260K
FY2021$259K
FY2022$272K
FY2023Not on file
FY2024$241K
Net assets
$400K
FY2024▲ +9%
Tap a bar for its year
Net assets by fiscal year
FY2020$358K
FY2021$474K
FY2022$457K
FY2023$367K
FY2024$400K

From the FY2024 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Dec 1997.

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

Where the money goes

76 cents of each dollar spent went to programs.

Program services 76% · $183K Management & general 24% · $58K

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

6 people listed on the 990; $60K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$60,221Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Chairperson
$0Pt VII · Sec A

Angela Carey’s $60K as Executive Director is at the 50th percentile of top reported officer pay among 2168 $100K–1M 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
Angela Carey$60,221$55,600$57,019$57,492$57,938

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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Questions the 990 asks

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

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Places children for adoption, offering comprehensive services for birth parents and prospective adoptive families.

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Provided by the organization

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1 program · $183K · in their own filed words · FY2024
01

Extensive counseling for birthparents from first contact is provided, plus transportation (and counselor assistance) for birthmothers, financial assistance for birthmothers (I.E. Food, utilities, clothing.), counseling, childcare training and other legal issues for the adopting families.

$183Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$10K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$274K
Ln 12
Fees for servicesLn 2g$257K
Gifts and grantsLn 1h$18K
Money outPt IX
$241K
Ln 25
Programscol B$183K
Managementcol C$58K
Owns and owesPt X
$400K
net assets · Ln 32
Cash and savingsLn 1–2$352K
Total assetsLn 16$452K
LiabilitiesLn 26$52K
PeoplePt VI, VII
6
listed · VII A
PaidVII A1
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$18K
Fees for servicesLn 2g$257K
Total revenueLn 12$274K
Assets in detailPt X, end of year
CashLn 1$352K
Cash and savings togetherLn 1–2$352K
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$48K
Total assetsLn 16$452K
LiabilitiesLn 26$52K
Net assetsLn 32$400K
OperationsPt I, VI
EmployeesI 54
VolunteersI 60
Fiscal year endsHeaderDecember
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$344K$352K
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$409K$452K
LiabilitiesLn 26$42K$52K
Net assetsLn 32$367K$400K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$3K$3K
Grants to domestic individualsLn 2$11K$11K
Pay of current officers, directors and key staffLn 5$60K$42K$18K
Other salaries and wagesLn 7$44K$31K$13K
Other employee benefitsLn 9$14K$10K$4K
Payroll taxesLn 10$8K$6K$2K
Legal feesLn 11b$29K$29K
Accounting feesLn 11c$7K$7K
Other fees for servicesLn 11g$2K$2K$420
Advertising and promotionLn 12$11K$11K
Office expensesLn 13$3K$1K$2K
OccupancyLn 16$26K$18K$8K
TravelLn 17$540$378$162
Conferences, conventions and meetingsLn 19$9K$9K
InsuranceLn 23$3K$2K$686
Other expenses (24a–d)Ln 24$10K$8K$2K
Total functional expensesLn 25$241K$183K$58K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $274K$241K$34K$400K 990 PDF
FY2023 $181K$367K 990 PDF
FY2022 $255K$272K−$17K$457K 990 PDF
FY2021 $374K$259K$115K$474K 990 PDF
FY2020 $310K$260K$51K$358K 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 $274,468 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $5,313$17,785
I-9 Program service revenuePrior year $175,901$256,683
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $181,214$274,468
I-13 Grants and similar amounts paidPrior year $11,137$13,442
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $143,190$126,293
I-16a Professional fundraising feesPrior year $3,363$0
I-17 Other expensesPrior year $113,815$101,036
I-18 Total expensesPrior year $271,505$240,771
I-19 Revenue less expensesPrior year −$90,291$33,697
Part VI · Governance 5 of 5 board members independent, no flags
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-2 Family or business relationship among officers or directorsNo
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 $274,468 across 4 lines filed
VIII-1f All other contributions, gifts and grants$17,785
VIII-1h Total contributions, gifts and grants$17,785
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $256,683$256,683
VIII-12 Total revenueRelated to mission $256,683 · Unrelated business $0 · Excluded from tax $0$274,468
Part IX · Statement of functional expenses $240,771 across 16 lines filed
IX-1 Grants to domestic organizationsPrograms $2,912$2,912
IX-2 Grants to domestic individualsPrograms $10,530$10,530
IX-5 Pay of current officers, directors and key staffPrograms $42,155 · Management $18,066$60,221
IX-7 Other salaries and wagesPrograms $30,678 · Management $13,147$43,825
IX-9 Other employee benefitsPrograms $9,810 · Management $4,204$14,014
IX-10 Payroll taxesPrograms $5,763 · Management $2,470$8,233
IX-11b Legal feesPrograms $29,400$29,400
IX-11c Accounting feesManagement $6,885$6,885
IX-11g Other fees for servicesPrograms $1,914 · Management $420$2,334
IX-12 Advertising and promotionPrograms $11,207$11,207
IX-13 Office expensesPrograms $1,301 · Management $1,656$2,957
IX-16 OccupancyPrograms $18,129 · Management $8,145$26,274
IX-17 TravelPrograms $378 · Management $162$540
IX-19 Conferences, conventions and meetingsPrograms $8,962$8,962
IX-23 InsurancePrograms $2,057 · Management $686$2,743
IX-24 Other expenses (24a–d)Programs $7,706 · Management $2,028$9,734
IX-25 Total functional expensesPrograms $182,902 · Management $57,869 · Fundraising $0$240,771
Part X · Balance sheet $452,035 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $344,429$352,398
X-4 Accounts receivableStart of year $22,158$51,896
X-10c Land, buildings and equipment, netStart of year $0$0
X-15 Other assetsStart of year $42,218$47,741
X-16 Total assetsStart of year $408,805$452,035
X-17 Accounts payable and accrued expensesStart of year $258$4,265
X-25 Other liabilitiesStart of year $41,945$47,471
X-26 Total liabilitiesStart of year $42,203$51,736
X-27 Net assets without donor restrictionsStart of year $366,602$400,299
X-32 Total net assets or fund balancesStart of year $366,602$400,299
X-33 Total liabilities and net assetsStart of year $408,805$452,035
Part XI · Reconciliation of net assets $400,299 net assets at year end
XI-1 Total revenue$274,468
XI-2 Total expenses$240,771
XI-3 Revenue less expenses$33,697
XI-4 Net assets at start of year$366,602
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$400,299

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

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