A Bond of Love Adoption Agency Inc
Nonprofit profile at a glance
- EIN
- 650307813
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024, Form 990-EZ 2023
- Location
- Sarasota, FL, USA
- Phone
- 9419570064
- Rating
- 71
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Human Services
Reported finances
- Revenue
- $274,468
- Expenses
- $240,771
- Assets
- $452,035
- Liabilities
- $51,736
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
6 people listed
Executive titles in this filing
- ANGELA CAREY (EXECUTIVE DIRECTOR)
Highest reported compensation
- ANGELA CAREY (EXECUTIVE DIRECTOR): $60,221 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
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.
What it reported doing in 2024
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. In 2024, the organization assisted in 8 adoptions and helped 11 birthmothers.
Operating model
- Revenue model
- Earned-program. 94% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 93% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Program spending has declined or grown slowly and revenue has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 63
- Transparency & Controls: 81
- Accountability: 90
- Sustainability: 52
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 66.6%; rating input score 67
- Program expense ratio: 76%; rating input score 76
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 92.3%; rating input score 92; 22nd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: 78.3%; rating input score 78; 48th percentile among comparable filings
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 6 of 8 controls in place; rating input score 75
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 12.3%; rating input score 64; 64th percentile among comparable filings
- Total-asset coverage ratio: 1.88; rating input score 57; 57th percentile among comparable filings
- Liabilities to assets ratio: 0.11; rating input score 25; 25th percentile among comparable filings
- Officer compensation ratio: 25%; rating input score 15; 15th percentile among comparable filings
Growth
- Program expense growth: -2.6% per year; rating input score 0; 22nd percentile among comparable filings
- Revenue growth: -3.5% per year; rating input score 0; 13th percentile among comparable filings
- Asset growth: 9.3% per year; rating input score 100; 64th percentile among comparable filings
Details
- Where the money goes: 66.6% of revenue deployed · 76% of spending went to programs
- Governance: 5 of 5 board members independent · 6 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $183K in reported program spending
- Leadership: top reported pay $60K · 6 people listed
- Consistency: 28 of 29 current checks pass · 1 finding to review
- Schedules: 4 filed schedules · includes grants
- Filing history: 14 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- Review — Accountability: Governance controls: Independent financial-statement audit not reported.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
- Review — Sustainability: Total-asset coverage ratio scored 57/100.
- High — Sustainability: Officer compensation ratio scored 15/100.
- High — Sustainability: Liabilities to assets ratio scored 25/100.