Civic Intelligence

Heartsent Adoptions Inc.

990 • Fiscal year 2015 • EIN 68-0367353

Jan 01, 2015 to Dec 31, 2015 • Filed on May 09, 2016

93 Moraga Way Suite 100Orinda, CA 94563

(925) 254-8883

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

47th percentile

0.08x

Higher debt load relative to assets than 47% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

22nd percentile

0.01x

Higher debt load relative to revenue than 22% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

34th percentile

-1.9%

Higher net margin than 34% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

77th percentile

$120,128

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 7.3% of source-year revenue.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

17th percentile

-6.9%

Faster asset growth than 17% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

35th percentile

-1.7%

Faster revenue growth than 35% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Assets

Down

$281,567

Down $21,029 (-6.9%) from 2014

Net Assets

Down

$258,222

Down $30,286 (-10%) from 2014

Liabilities

Up

$23,345

Up $9,257 (+66%) from 2014

Revenue

Down

$1,650,433

Down $28,824 (-1.7%) from 2014

Expenses

Up

$1,681,978

Up $69,956 (+4.3%) from 2014

Net Income

Down

-$31,545

Down $98,780 (-147%) from 2014

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$600K$400K$200K$0Assets 2011: $225,566Liabilities 2011: $16,862Net Assets 2011: $208,7042011Assets 2012: $156,151Liabilities 2012: $76,525Net Assets 2012: $79,6262012Assets 2013: $266,585Liabilities 2013: $45,314Net Assets 2013: $221,2712013Assets 2014: $302,596Liabilities 2014: $14,088Net Assets 2014: $288,5082014Assets 2015: $281,567Liabilities 2015: $23,345Net Assets 2015: $258,2222015Assets 2016: $242,234Liabilities 2016: $106,204Net Assets 2016: $136,0302016Assets 2017: $275,840Liabilities 2017: $108,120Net Assets 2017: $167,7202017Assets 2018: $155,443Liabilities 2018: $142,929Net Assets 2018: $12,5142018Assets 2019: $152,759Liabilities 2019: $144,218Net Assets 2019: $8,5412019Assets 2020: $257,665Liabilities 2020: $74,492Net Assets 2020: $183,1732020Assets 2021: $216,190Liabilities 2021: $41,490Net Assets 2021: $174,7002021Assets 2022: $378,764Liabilities 2022: $266,918Net Assets 2022: $111,8462022Assets 2023: $462,347Liabilities 2023: $222,258Net Assets 2023: $240,0892023Assets 2024: $474,178Liabilities 2024: $178,731Net Assets 2024: $295,4472024

Highlighted filing

2015

Assets$281,567
Liabilities$23,345
Net Assets$258,222

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$2.0M$1.5M$1.0M$500K$0-$500KExpenses 2011: $1,496,5552011Revenue 2012: $1,202,481Expenses 2012: $1,242,454Net Income 2012: -$39,9732012Revenue 2013: $1,416,822Expenses 2013: $1,275,177Net Income 2013: $141,6452013Revenue 2014: $1,679,257Expenses 2014: $1,612,022Net Income 2014: $67,2352014Revenue 2015: $1,650,433Expenses 2015: $1,681,978Net Income 2015: -$31,5452015Revenue 2016: $1,454,817Expenses 2016: $1,580,633Net Income 2016: -$125,8162016Revenue 2017: $1,229,472Expenses 2017: $1,268,931Net Income 2017: -$39,4592017Revenue 2018: $887,176Expenses 2018: $1,114,927Net Income 2018: -$227,7512018Revenue 2019: $1,073,034Expenses 2019: $1,037,849Net Income 2019: $35,1852019Revenue 2020: $1,124,191Expenses 2020: $958,764Net Income 2020: $165,4272020Revenue 2021: $996,637Expenses 2021: $994,459Net Income 2021: $2,1782021Revenue 2022: $815,408Expenses 2022: $886,476Net Income 2022: -$71,0682022Revenue 2023: $805,680Expenses 2023: $677,437Net Income 2023: $128,2432023Revenue 2024: $702,916Expenses 2024: $647,558Net Income 2024: $55,3582024

Highlighted filing

2015

Revenue$1,650,433
Expenses$1,681,978
Net Income-$31,545
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
May 9, 2016
Return Version
2015v2.1
Gross Receipts
$1,650,433
Mission and Program Overview

Mission

Heartsent Adoptions Inc is a full service domestic and international adoption agency that provides assistance and education to adopting parents and families

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$260,605$224,803▼ $35,802
Prepaid Expenses and Deferred Charges$25,831$25,831→ $0
Land, Buildings, and Equipment, Net$9,605$24,378▲ $14,773
Total Assets$302,596$281,567▼ $21,029
Other Assets Total$6,555$6,555→ $0
Liabilities
Accounts Payable and Accrued Expenses$8,563$17,820▲ $9,257
Other Liabilities$5,525$5,525→ $0
Total Liabilities$14,088$23,345▲ $9,257
Net Assets / Fund Balance
Unrestricted Net Assets$288,508$258,222▼ $30,286
Total Net Assets Fund Balance$288,508$258,222▼ $30,286
Total Liabilities and Net Assets / Fund Balance$302,596$281,567▼ $21,029

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$12,730$32,261-
Equipment$11,648$128,715-
Other Assets Org$6,555--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Val FreeExecutive DirectorFT$120,128$120,128
Richard LotspiechPresidentFT$51,000$51,000
Revenue and Support

Revenue Composition

Contributions and Grants
$5,275
Program Service Revenue
$1,644,809
Investment Income
$349
Other Revenue
$0
All Other Contributions
$5,275
Change in Net Assets
$-31,545
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,052,538
Salaries, Compensation, and Employee Benefits$629,440
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$301,722$75,430-$377,152
All Other Expenses$146,258$36,026-$182,284
Current Officers, Directors, Trustees, and Key Employees$136,902$34,226-$171,128
Occupancy$93,578$23,395-$116,973
Office Expenses$40,416$10,154-$50,570
Payroll Taxes$39,145$9,786-$48,931
Travel$37,734$9,434-$47,168
Insurance$30,602$7,651-$38,253
Other Employee Benefits$25,783$6,446-$32,229
Other Expenses$15,348$3,837-$19,185
Fees for Services Accounting$10,056$2,514-$12,570
Depreciation Depletion$5,052--$5,052
Advertising$3,528$882-$4,410
Interest$2,381$595-$2,976
Total Functional Expenses$1,346,982$334,996$0$1,681,978
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Contractual Obligation$5,525
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Officer directors etc family relationship Part VI line 2

FORM 990, PART VI, LINE 2- BUSINESS OR FAMILY RELATIONSHIP OF OFFICERS, DIRECTORS, ETC.The two officer are husband and wife

Form 990 governing body review Part VI line 11

No review was or will be conducted.

CEO executive director top management comp Part VI line 15A

Heartsents compensation committee reviews managements salaries and compares them to salaries paid by other adoption agencies and nonprofit organizations in the San Francisco Bay Area. Management salaries are then voted on by the board.

Governing documents etc available to public Part VI line 19

Governing documents, policies, and financial statements are available to the general public upon request.

Filing and Contact Details

Filer

Filer Name
Heartsent Adoptions Inc
EIN
68-0367353
Address
93 Moraga Way Suite 100, Orinda, CA 94563

Signing Officer

Name
Val Free
Title
Executive Direc
Phone
9252548883
Signed
2016-05-09
Discuss with paid preparer
Yes

Organization Details

Formed
1995
Legal Domicile
CA
Voting Board Members
5
Independent Board Members
5
Employees
29
Volunteers
2

Preparer

Firm
RG Davis & Company
Address
3650 Mt Diablo Blvd Suite 105, Lafayette, CA 94549
Preparer
Rex G Davis
Phone
9252990121
Supplemental Narrative

Additional Explanations

Explanation of other changes in net assets or fund balances Part XI line 9

Contractual Oblication balance as of December 31, 2013- $5,525

List of other expenses Part IX line 24E

Automobile- $ 8,598Bank - 18,731Cleaning - 4,620Education - 1,465Dues - 290Freight - 41,273Foster Care- 3,200Cradle Care- 10,229Licenses - 7,484Prog Dev - 30,817Exp Reim - 18,603Supplies - 17,884Utilities - 1,473Meals - 2,450 Payroll Fee- 3,575Printing - 6,627 Total $182,284

Financial Statement Notes

Other revenues included on Form 990 (Part XI, line 4B)

Differences in accounting method from Accrual basis to Cash basis

Other expenses included on Form 990 (Part XII, line 4B)

Differences in amount from Accrual basis to cash basis

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01678954
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt01415677
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt01202481
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt01514628
IRS990ScheduleA/Total509Grp/TotalAmt07461824
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01650433
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01679258
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01415808
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt01202481
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt01514656
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt07462636
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt011648
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0128715
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt0140363
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt06555
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Other Assets
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt012730
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt032261
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt044991
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt05525
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Contractual Obligation
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Differences in accounting method from Accrual basis to Cash basis
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1Differences in amount from Accrual basis to cash basis
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Other revenues included on Form 990 (Part XI, line 4b)
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Other expenses included on Form 990 (Part XII, line 4b)
IRS990ScheduleD/TotalBookValueLandBuildingsAmt024378
IRS990ScheduleD/TotalBookValueOtherAssetsAmt06555
IRS990ScheduleD/TotalLiabilityAmt05525
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990, PART VI, LINE 2- BUSINESS OR FAMILY RELATIONSHIP OF OFFICERS, DIRECTORS, ETC.The two officer are husband and wife
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1No review was or will be conducted.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Heartsents compensation committee reviews managements salaries and compares them to salaries paid by other adoption agencies and nonprofit organizations in the San Francisco Bay Area. Management salaries are then voted on by the board.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Governing documents, policies, and financial statements are available to the general public upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Contractual Oblication balance as of December 31, 2013- $5,525
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Automobile- $ 8,598Bank - 18,731Cleaning - 4,620Education - 1,465Dues - 290Freight - 41,273Foster Care- 3,200Cradle Care- 10,229Licenses - 7,484Prog Dev - 30,817Exp Reim - 18,603Supplies - 17,884Utilities - 1,473Meals - 2,450 Payroll Fee- 3,575Printing - 6,627 Total $182,284
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Officer directors etc family relationship Part VI line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Explanation of other changes in net assets or fund balances Part XI line 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5List of other expenses Part IX line 24e
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0302596
IRS990/TotalAssetsEOYAmt0281567
IRS990/TotalAssetsGrp/BOYAmt0302596
IRS990/TotalAssetsGrp/EOYAmt0281567
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt05275
IRS990/TotalEmployeeCnt029
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0334996
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01346982
IRS990/TotalFunctionalExpensesGrp/TotalAmt01681978
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt014088
IRS990/TotalLiabilitiesEOYAmt023345
IRS990/TotalLiabilitiesGrp/BOYAmt014088
IRS990/TotalLiabilitiesGrp/EOYAmt023345
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0288508
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0258222
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt01346982
IRS990/TotalProgramServiceRevenueAmt01644809
IRS990/TotalReportableCompFromOrgAmt0171128
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01645158
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01650433
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt02
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0302596
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0281567
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/ManagementAndGeneralAmt09434
IRS990/TravelGrp/ProgramServicesAmt037734
IRS990/TravelGrp/TotalAmt047168
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0288508
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0258222
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0www.heartsent.org
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02016-12-15 16:53:06Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Val Free
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Executive Direc
ReturnHeader/BusinessOfficerGrp/PhoneNum09252548883
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-05-09
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Heartsent Adoptions Inc
ReturnHeader/Filer/BusinessNameControlTxt0HEAR
ReturnHeader/Filer/EIN0680367353
ReturnHeader/Filer/USAddress/AddressLine1Txt093 Moraga Way Suite 100
ReturnHeader/Filer/USAddress/CityNm0Orinda
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd094563
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0943138300
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0RG Davis & Company
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt03650 Mt Diablo Blvd Suite 105
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Lafayette
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd094549
ReturnHeader/PreparerPersonGrp/PhoneNum09252990121
ReturnHeader/PreparerPersonGrp/PreparationDt02016-05-09
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Rex G Davis
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02016-05-16T17:18:18-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-01-01
ReturnHeader/TaxPeriodEndDt02015-12-31
ReturnHeader/TaxYr02015

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.47$0.18$0.30$0.70$0.65$0.06
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.46$0.22$0.24$0.81$0.68$0.13
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.38$0.27$0.11$0.82$0.89$0.07
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.22$0.04$0.17$1.00$0.99$0.00
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.26$0.07$0.18$1.12$0.96$0.17
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.15$0.14$0.01$1.07$1.04$0.04
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.16$0.14$0.01$0.89$1.11$0.23
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.28$0.11$0.17$1.23$1.27$0.04
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.24$0.11$0.14$1.45$1.58$0.13
2015Detailed filing. Detailed filing data is available for this year.$0.28$0.02$0.26$1.65$1.68$0.03
2014Detailed filing. Detailed filing data is available for this year.$0.30$0.01$0.29$1.68$1.61$0.07
2013Detailed filing. Detailed filing data is available for this year.$0.27$0.05$0.22$1.42$1.28$0.14
2012Summary only. Only limited summary data is available for this year.$0.16$0.08$0.08$1.20$1.24$0.04
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.23$0.02$0.21$1.50