Inheritance Adoptions EIN 75-2433316 Form 990 (PDF) Claim this org

Inheritance Adoptions FY2022 filing

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Connects pregnant women with adoption, parenting support, and community resources. For fiscal year 2022 it reported $250K in revenue, $209K in expenses, and $431K in net assets.Pt I

Type
Public charity (501(c)(3)) · Crime & Legal
Location
Wichita Falls, TX
Filings
5 on file (2020–2022)
Revenue
$250KFY2022
Expenses
$209K
Net assets
$431K
People
8
Filings
5
Updates
0
More identity details & actions ⌄
EIN  75-2433316 Public charity (501(c)(3)) Wichita Falls, TX
Form 990 (PDF)
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
Connects pregnant women with adoption, parenting support, and community resources.
Leadership
Leslie Howard · Executive Director · $69K
Money in and out
$250K revenue, $209K expenses
Bottom line
67% program efficiency
Where the money goes · FY2022
Total revenue
$250K
Pt VIII · Ln 12
Total expenses
$209K
Pt IX · Ln 25
Net assets
$431K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $41K
Where spending went · Part IX cols B–D
Program services $0.67 Management & general $0.25 Fundraising $0.08
Program efficiency
67%
of spending reaches programs
Operating runway
18.3mo
months of highly liquid reserves at operating expense rate
Surplus margin
+16%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$250K
FY2022▼ -3%
Expenses
$209K
FY2022▼ -4%
Total assets
$434K
FY2022▲ +11%
Total liabilities
$3K
FY2022▲ +27%
Total revenue
$250K
Pt VIII · Ln 12
Total expenses
$209K
Pt IX · Ln 25
Net assets
$431K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$41K
Total assetsPt X · Ln 16$434K
Program-expense ratioPt IX · col B67%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 47

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CInheritance Adoptions
EINHdr · item D75-2433316
Principal addressHdr · item CWichita Falls, TX
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MTX
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFCrime & Legal (I72Z)
Ruling yearIRS BMFNov 1992

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 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Executive Director
$69,048Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Leslie Howard’s $78K as Executive Director is at the 57th percentile of top reported officer pay among 1398 $100K–1M crime & legal 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 · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Leslie Howard$78,492
Leslie Howard$64,454$69,048$72,051$64,891

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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Mission & Programs · Part III

Where the work happens

2 program services account for $140K of program spending, described in the organization's own filed words · FY2021.
01

The organization provides counseling and support to pregnant women and parents to assist in making the best decisions for their children. The organization assists with medical costs transportation food toiletries child care items and living expenses.

$107Kprogram expense
02

The organization conducts educational awareness programs to promote adoption awareness and to educate parents regarding their options. This includes educational programs for parents presentations to community groups and advertising campaigns to publicize the option and benefits of adoption to the general public.

$33Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$211K · 85%
Program service revenue$38K · 15%
Contributions & grants85%$211K
Program service revenue15%$38K
Investment income$853
Total revenueLn 12$250K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.67 Management & general $0.25 Fundraising $0.08
Program services67%$140K
Management & general25%$53K
Fundraising8%$16K
Total functional expensesLn 25$209K

Balance Sheet

Part X · end of year
CashLn 1$319K
Total assetsLn 16$434K
Total liabilitiesLn 26$3K
Total net assetsLn 32$431K
Months of cash on handcomputed18.3

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $319K · Operating expenses/yr $209K
18.3 months
Where the money goes
Program services
Program services $140K · Total expenses $209K
67%
Management & General
Management & general $53K · Total expenses $209K
25%
Fundraising
Fundraising $16K · Total expenses $209K
8%
Cost to raise $1
Fundraising expense (3-yr avg) $9K · Solicited contributions (3-yr avg) $169K
$0.06 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $211K · Total revenue $250K
85%
Government reliance
Government grants $0 · Total revenue $250K
0%
Earned-income share
Program service revenue $38K · Total revenue $250K
15%
Investment reliance
Investment income $853 · Total revenue $250K
+0.3%
Program self-sufficiency
Program service revenue $38K · Total expenses $209K
18%
Growth & trend
Revenue growth (YoY)
This year $250K · Prior year $257K
-3%
Net-asset trend (YoY)
End of year $431K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $250K · Expenses $209K
+16%
Liabilities-to-Assets
Total liabilities — · Total assets $434K
Net-asset ratio
Net assets $431K · Total assets $434K
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $434K
0%
People & payroll
Highest Reported Total Compensation
Individual Leslie Howard · Reported title Executive Director · Highest reported compensation $69K · Total expenses $209K
33%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $135K · Total expenses $209K
64%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 67%
Overhead ratio 25%
Fundraising cost ratio 8%
Revenue growth -3%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 0.6%
Fundraising fee ratio 0%

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 · received and paid
Grants received · FY2025
Total grants receivedfrom 1 funder$20K
Grants paid · 14 grants · $81K · 2021–2023
Unitemized GrantFY2023$29,362
Unitemized GrantFY2023$8,533
Unitemized GrantFY2023$3,923
Unitemized GrantFY2023$997
Unitemized GrantFY2022$21,747
Unitemized GrantFY2022$5,131
Unitemized GrantFY2022$1,956
Unitemized GrantFY2022$1,299
Unitemized GrantFY2022$1,089
Unitemized GrantFY2021$4,735
Unitemized GrantFY2021$1,239
Unitemized GrantFY2021$500
Unitemized GrantFY2021$106
Unitemized GrantFY2021$76

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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)$305K revenue · ⤓ 990 PDF
FY2023$308K revenue · ⤓ 990 PDF
FY2022$250K revenue · viewing · ⤓ 990 PDF
FY2021$257K revenue · ⤓ 990 PDF
FY2020$259K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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