Civic Intelligence

Flourish Adoption Ministries Inc.

990 • Fiscal year 2019 • EIN 81-3001140

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 13, 2020

403 Pettigru StreetGreenville, SC 29601

(864) 373-9644

Siviq Scores

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

Liabilities / Assets

88th percentile

0.62x

Higher debt load relative to assets than 88% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Liabilities / Revenue

66th percentile

0.09x

Higher debt load relative to revenue than 66% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Net Margin

6th percentile

-48%

Higher net margin than 6% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Top Officer Pay

89th percentile

$108,325

Higher top officer pay than 89% of similar nonprofits.

Top officer pay equals 16.6% of source-year revenue.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Asset Growth

1st percentile

-72%

Faster asset growth than 1% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Revenue Growth

5th percentile

-53%

Faster revenue growth than 5% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Assets

Down

$98,482

Down $36,629 (-27%) from 2017

Net Assets

Down

$37,481

Down $97,630 (-72%) from 2017

Liabilities

Up

$61,001

Up $61,001 from 2017

Revenue

Up

$652,179

Up $289,342 (+80%) from 2017

Expenses

Up

$967,592

Up $739,866 (+325%) from 2017

Net Income

Down

-$315,413

Down $450,524 (-333%) from 2017

Historical Trend

Balance Sheet Trend

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

$300K$200K$100K$0Assets 2017: $135,111Liabilities 2017: $0Net Assets 2017: $135,1112017Assets 2019: $98,482Liabilities 2019: $61,001Net Assets 2019: $37,4812019Assets 2020: $238,587Liabilities 2020: $129,389Net Assets 2020: $109,1982020Assets 2021: $243,569Liabilities 2021: $56,265Net Assets 2021: $187,3042021Assets 2022: $273,738Liabilities 2022: $44,188Net Assets 2022: $229,5502022Assets 2024: $263,692Liabilities 2024: $39,630Net Assets 2024: $224,0622024

Highlighted filing

2019

Assets$98,482
Liabilities$61,001
Net Assets$37,481

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2017: $362,837Expenses 2017: $227,726Net Income 2017: $135,1112017Revenue 2019: $652,179Expenses 2019: $967,592Net Income 2019: -$315,4132019Revenue 2020: $626,090Expenses 2020: $555,254Net Income 2020: $70,8362020Revenue 2021: $653,646Expenses 2021: $578,924Net Income 2021: $74,7222021Revenue 2022: $726,287Expenses 2022: $679,541Net Income 2022: $46,7462022Revenue 2024: $624,165Expenses 2024: $669,608Net Income 2024: -$45,4432024

Highlighted filing

2019

Revenue$652,179
Expenses$967,592
Net Income-$315,413
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 13, 2020
Return Version
2019v5.1
Gross Receipts
$683,636
Mission and Program Overview

Mission

Flourish Adoption Ministries exists to build families as God designed, to offer affordable adoptions with integrity, and to provide support in a way that honors everyone.

The purpose of quiver full adoptions is to support building families through private adoption, to provide emotional encouragement during each step in a couple's adoption journey, to provide an affordable option for families pursuing adoption, thus growing the number of potential waiting families and acting as a bugger to the number of children in foster care, and to provide pre-adoptive and post-adoptive support to birth families, thus fostering the emotional support and resources needed to empower birth families to improve their lives and take steps toward a stable future.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$123,922$46,521▼ $77,401
Investments Other Securities$60,083$42,498▼ $17,585
Accounts Receivable$157,940$9,463▼ $148,477
Land, Buildings, and Equipment, Net$5,872$0▼ $5,872
Total Assets$347,817$98,482▼ $249,335
Liabilities
Accounts Payable and Accrued Expenses$5,032$47,779▲ $42,747
Deferred Revenue-$13,222-
Total Liabilities$5,032$61,001▲ $55,969
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$342,785$37,481▼ $305,304
Total Net Assets Fund Balance$342,785$37,481▼ $305,304
Total Liabilities and Net Assets / Fund Balance$347,817$98,482▼ $249,335

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$2,000--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Casey BrownOperations DirectorFT$108,325$108,325
Elizabeth BordeauxExecutive DirectorFT$108,325$108,325

Board Members and Trustees

NameTitle
Jeremy BouknightPresident
Rebecca AdamsVice President
Ashleigh CraftDirector
Barbara McferronDirector
Hunter BallewDirector
Kelli IngramDirector
Justin BroomeSecretary
Brandon LongTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$60,210
Program Service Revenue
$590,498
Investment Income
$1,876
Other Revenue
$-405
All Other Contributions
$53,210
Change in Net Assets
$-315,413
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$591,370
Salaries, Compensation, and Employee Benefits$376,222
Total Fundraising Expense$18,838
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$129,990$86,660-$216,650
Other Salaries and Wages$131,758--$131,758
Advertising$88,611-$18,838$107,449
Occupancy$74,832--$74,832
Fees for Services Other$54,302--$54,302
Office Expenses$49,292--$49,292
Insurance$34,107--$34,107
Payroll Taxes$27,814--$27,814
Travel$12,518--$12,518
Conferences and Meetings$10,017--$10,017
Other Expenses$7,327--$7,327
All Other Expenses$3,801--$3,801
Fees for Services Legal$2,130--$2,130
Fees for Service Investment Mgmnt Fees$722--$722
Total Functional Expenses$862,094$86,660$18,838$967,592
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$1,750
Fundraising Gross Income$1,345
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
The Promise Summit$8,345$1,345$1,750$-405
Total Events$8,345$1,345$1,750$-405
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
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 35% controlled entity
No
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
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The board receives a copy of the 990 for their review and approval prior to filing.

Form 990, Part VI, Section B, Line 12C

The board of trustees evaluates all potential conflicts of interest on an annual basis. In the event of a conflict, the board will consider the nature of the conflict, and if warranted, the individual is asked to recuse himself/herself from discussion and voting. Alternatively, if there is a potential business conflict, the board may be asked to evaluate appropriateness and, if necessary, mandate a change to or discontinue the relationship.

Form 990, Part VI, Section B, Line 15

All compensation is reviewed and approved by the board of directors with use of comparable data.

Form 990, Part VI, Section C, Line 19

Quiver full adoptions inc makes its governing documents, conflict of interest policy, form 990, and annual report available upon request. Many of these documents are also available on its website.

Filing and Contact Details

Filer

Filer Name
Quiver Full Adoptions Inc
EIN
81-3001140
Phone
8643739644
Address
403 PETTIGRU STREET, GREENVILLE, SC 29601

Signing Officer

Name
Jeremy Bouknight
Title
President
Phone
8643739644
Signed
2020-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jeremy Bouknight
Formed
2016
Legal Domicile
Sc
Voting Board Members
8
Independent Board Members
5
Employees
8
Volunteers
35

Preparer

Firm
Elliott Davis Llcpllc
Address
500 EAST MOREHEAD STREET SUITE 700, CHARLOTTE, NC 28202
Preparer
Janice a Ratica
Phone
7043338881
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Contractors: program service expenses 10,261. Management and general expenses 0. Fundraising expenses 0. Total expenses 10,261. Professional services: program service expenses 44,041. Management and general expenses 0. Fundraising expenses 0. Total expenses 44,041.

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IRS990/ProgSrvcAccomActyOtherGrp/Desc0SUPPORT FOR ADOPTEES: PROVIDING EDUCATION AND SUPPORT FOR ADOPTEES WITH OUR ADOPTEE FLASH CARDS CREATED BY AN ADULT ADOPTEE TO HELP ADOPTIVE PARENTS ANSWER QUESTIONS AND BEGIN EARLY CONVERSATIONS WITH THE ADOPTEE FROM A YOUNG AGE.
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt034334
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt03000
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt014556
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt055
IRS990/PYOtherExpensesAmt0583327
IRS990/PYOtherRevenueAmt08444
IRS990/PYProgramServiceRevenueAmt01365330
IRS990/PYRevenuesLessExpensesAmt0202970
IRS990/PYSalariesCompEmpBnftPaidAmt0602088
IRS990/PYTotalExpensesAmt01185415
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01388385
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-315413
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/First5Years509Ind0X
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt060210
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt033417
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt093627
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt01876
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt01876
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0590498
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt01334433
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0362837
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt02287768
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt01876
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt01876
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportTotal509Amt02381395
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0650708
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01367850
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0362837
IRS990ScheduleA/Total509Grp/TotalAmt02381395
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0652584
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01367850
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0362837
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02383271
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt040498
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt12000
IRS990ScheduleD/OtherSecuritiesGrp/Desc0EDWARD JONES
IRS990ScheduleD/OtherSecuritiesGrp/Desc1PREPAIDS
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1C
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueSecuritiesAmt042498
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt07000
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt07000
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt01750
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0THE PROMISE SUMMIT
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt08345
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt08345
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt01345
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt01345
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-405
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt01750
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt01750
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BOARD RECEIVES A COPY OF THE 990 FOR THEIR REVIEW AND APPROVAL PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD OF TRUSTEES EVALUATES ALL POTENTIAL CONFLICTS OF INTEREST ON AN ANNUAL BASIS. IN THE EVENT OF A CONFLICT, THE BOARD WILL CONSIDER THE NATURE OF THE CONFLICT, AND IF WARRANTED, THE INDIVIDUAL IS ASKED TO RECUSE HIMSELF/HERSELF FROM DISCUSSION AND VOTING. ALTERNATIVELY, IF THERE IS A POTENTIAL BUSINESS CONFLICT, THE BOARD MAY BE ASKED TO EVALUATE APPROPRIATENESS AND, IF NECESSARY, MANDATE A CHANGE TO OR DISCONTINUE THE RELATIONSHIP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL COMPENSATION IS REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS WITH USE OF COMPARABLE DATA.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3QUIVER FULL ADOPTIONS INC MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FORM 990, AND ANNUAL REPORT AVAILABLE UPON REQUEST. MANY OF THESE DOCUMENTS ARE ALSO AVAILABLE ON ITS WEBSITE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4CONTRACTORS: PROGRAM SERVICE EXPENSES 10,261. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 10,261. PROFESSIONAL SERVICES: PROGRAM SERVICE EXPENSES 44,041. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 44,041.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0SC
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0347817
IRS990/TotalAssetsEOYAmt098482
IRS990/TotalAssetsGrp/BOYAmt0347817
IRS990/TotalAssetsGrp/EOYAmt098482
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt060210
IRS990/TotalEmployeeCnt08
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt018838
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt086660
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0862094
IRS990/TotalFunctionalExpensesGrp/TotalAmt0967592
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt05032
IRS990/TotalLiabilitiesEOYAmt061001
IRS990/TotalLiabilitiesGrp/BOYAmt05032
IRS990/TotalLiabilitiesGrp/EOYAmt061001
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0342785
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt037481
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOtherProgSrvcExpenseAmt034334
IRS990/TotalOtherProgSrvcRevenueAmt03000
IRS990/TotalProgramServiceExpensesAmt0862094
IRS990/TotalProgramServiceRevenueAmt0590498
IRS990/TotalReportableCompFromOrgAmt0216650
IRS990/TotalRevenueGrp/ExclusionAmt01471
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0590498
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0652179
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt035
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0347817
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt098482
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt012518
IRS990/TravelGrp/TotalAmt012518
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X

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