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, DTFA provides grants allowing 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, 2021, Dave Thomas Foundation for Adoption's program expenses were:
Wendy's Wonderful Kids |
$21,189,123 |
Program grants and awareness |
$19,549,019 |
Adoption friendly workplace |
$168,787 |
National Adoption Day |
$23,950 |
Post adoption |
$17,233 |
Total Program Expenses: |
$40,948,112 |
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Chief Executive
Rita L. Soronen, President and Chief Executive Officer
-
Compensation*
$442,795
-
Chair of the Board
Joseph Turner
-
Chair's Profession / Business Affiliation
Chairman and Chief Executive Officer, First Sun Management Corporation
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Board Size
24
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Paid Staff Size
58
*2020 compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
Method(s) Used:
Direct mail appeals, Grant proposals, 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 $50,326,441, 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, 2021.
Source of Funds |
Contributions |
$31,730,787 |
Donated PSA broadcasting |
$17,905,098 |
Government contracts |
$6,384,605 |
Investment income, net |
$4,428,667 |
Paycheck Protection Program loan forgiveness |
$651,230 |
In-kind contributions |
$39,326 |
Interest income |
$7,847 |
Total Income |
$61,147,560 |
- Programs: 91%
- Fundraising: 5%
- Administrative: 4%
Total Income |
$61,147,560 |
Program expenses |
$40,948,112 |
Fundraising expenses |
$2,311,955 |
Administrative expenses |
$1,823,748 |
Other expenses |
$0 |
Total expenses: |
$45,083,815 |
Income in Excess of Expenses |
$16,063,745 |
Beginning Net Assets |
$41,333,421 |
Other Changes In Net Assets |
$0 |
Ending Net Assets |
$57,397,166 |
Total Liabilities |
$7,975,671 |
Total Assets |
$65,372,837 |
Note: According to DTFA's audited financial statements for the year ended June 30, 2021, the organization received in-kind contributions totaling $17,944,424 in the form of donation PSA broadcasting ($17,905,098) and donated services ($39,326).