Dave Thomas Foundation for Adoption meets the 20 Standards for Charity Accountability.
The Dave Thomas Foundation for Adoption (DTFA) focuses exclusively on foster care adoption. Through its signature program, Wendy?s Wonderful Kids?, the Foundation provides grants to adoption agencies to hire recruiters who use an evidence-based, child-focused recruitment model to find loving, permanent homes for children waiting in foster care. The Foundation works closely with child welfare advocates and policymakers, provides free resources about foster care adoption, and raises awareness through social media campaigns, public service announcements, and events.
For the year ended June 30, 2019, Dave Thomas Foundation for Adoption's program expenses were:
Wendy's Wonderful Kids |
$19,588,000 |
Program grants and awareness |
$10,130,502 |
Adoption friendly workplace |
$110,809 |
National Adoption Day/Month |
$22,261 |
Post adoption |
$9,964 |
Total Program Expenses: |
$29,861,536 |
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Chief Executive
Rita Soronen, President and CEO
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Compensation*
$322,115
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Chair of the Board
Mary Schell
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Chair's Profession / Business Affiliation
Chief Public Affairs Officer, Wendy's Company
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Board Size
22
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Paid Staff Size
39
*2018 compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
Method(s) Used:
Direct mail appeals, Internet, Invitations to fund raising events, Planned giving arrangements, Print advertisements (newspapers, magazines, etc.), Radio, Cause- related marketing (affinity credit cards, consumer product sales, etc.), Television
Fundraising costs were 5% of related contributions. (Related contributions, which totaled $31,795,696, are donations received as a result of fundraising activities.)
This organization is tax-exempt under section 501(c) (3) of the Internal Revenue Code.It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
The following information is based on Dave Thomas Foundation for Adoption's audited financial statements for the year ended June 30, 2019.
Source of Funds |
Contributions |
$23,395,337 |
Donated public service announcement broadcasting |
$8,367,241 |
Government contracts |
$5,916,993 |
Investment income, net |
$1,253,272 |
Interest income |
$436,181 |
In-kind contributions |
$33,118 |
Total Income |
$39,402,142 |
- Programs: 91%
- Fundraising: 5%
- Administrative: 4%
Total Income |
$39,402,142 |
Program expenses |
$29,861,536 |
Fundraising expenses |
$1,537,623 |
Administrative expenses |
$1,459,551 |
Other expenses |
$0 |
Total expenses: |
$32,858,710 |
Income in Excess of Expenses |
$6,543,432 |
Beginning Net Assets |
$35,398,923 |
Other Changes In Net Assets |
$0 |
Ending Net Assets |
$41,942,355 |
Total Liabilities |
$8,181,289 |
Total Assets |
$50,123,644 |
Note: According to DTFA's audited financial statements for the year ended June 30, 2019, the organization received in-kind contributions totaling $8,400,359 in the form of donated public service announcement broadcasting ($8,367,241) and donated services ($33,118).