Overview
What is Dave Thomas Foundation For Adoption?
The Dave Thomas Foundation for Adoption is a renowned national nonprofit organization headquartered in Dublin, Ohio, with a mission to increase the number of adoptions from North America's foster care systems. Founded by Wendy's founder Dave Thomas, who was adopted himself, the Foundation has dedicated efforts to finding permanent homes for the over 140,000 children currently waiting in foster care. Through evidence-based, results-driven programs, they employ 68 staff members, including 500 Wendy's Wonderful Kids recruiters, who work tirelessly to match children at risk of aging out of the foster care system with adoptive families. Utilizing a child-focused recruitment strategy, these recruiters have successfully placed more than 12,780 children in loving homes and have another 961 in pre-adoptive placements, simply waiting for final court hearings.
Official website here: www.davethomasfoundation.org
What are the reviews and ratings of this charity?
99% rating from Charity Navigator
The Dave Thomas Foundation for Adoption has achieved an impressive 99% score, earning a Four-Star out of Four Star rating which highlights its strong commitment to accountability and financial health. With an accountability & finance score of 99 and a culture & community score of 95, the organization demonstrates effective management practices and a solid commitment to its mission. The board is predominantly independent, which enhances its governance and oversight capabilities.
The foundation has an excellent program expense ratio of 85.07%, indicating that a significant portion of its funds directly supports its programs. Additionally, its fundraising efficiency is strong, with only $0.07 spent to raise each dollar, showcasing effective resource allocation. The organization also adheres to comprehensive policies regarding conflict of interest, whistleblowing, and document retention, which are vital for maintaining transparency and trust.
However, while the charity's donor privacy policy is available, it utilizes an opt-out approach, which received a slightly lower score. Despite this minor limitation, the overall financial and operational metrics reflect a well-run organization dedicated to improving the lives of children in need of adoption.
This AI summary has been generated from information found on Charity Navigator.
Is Dave Thomas Foundation For Adoption legitimate?
Dave Thomas Foundation For Adoption is a legitimate nonprofit organization registered as a 501(c)(3) entity. Dave Thomas Foundation For Adoption submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $1,618,202
Professional Fundraising Fees: $1,356,819
Other Salaries and Wages: $4,492,829
For more financial information, click here
Official website here: www.davethomasfoundation.org
What is the mission statement of Dave Thomas Foundation For Adoption?
The Dave Thomas Foundation for Adoption is a national nonprofit organization committed to finding permanent homes for the over 140,000 children waiting in North America's foster care systems. Established by an adoptive father, the foundation focuses on increasing adoptions through evidence-based, results-driven programs, awareness campaigns, and innovative grantmaking initiatives. It offers free resources to organizations and prospective parents, ensuring that children in foster care can experience the stability and love of a forever family.
Official website here: www.davethomasfoundation.org
Who is the CEO of Dave Thomas Foundation For Adoption?
Rita L Soronen is the President & Ceo of Dave Thomas Foundation For Adoption. The CEO's salary of Dave Thomas Foundation For Adoption is $476,269 and their total compensation is $496,088.
Official website here: www.davethomasfoundation.org
What is the revenue of Dave Thomas Foundation For Adoption?
Dave Thomas Foundation For Adoption's revenue in 2023 was $52,421,388.
Official website here: www.davethomasfoundation.org
Who are the executives of Dave Thomas Foundation For Adoption and what are their salaries?
The average compensation at Dave Thomas Foundation For Adoption during 2023 was $89,868. There are 68 employees and 50 volunteers at Dave Thomas Foundation For Adoption.
Here are 38 key members and their salaries (Dave Thomas Foundation For Adoption's CEO's salary is $476,269 and their total compensation is $496,088):
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- Compensation: $199,531
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- Compensation: $200,841
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- Compensation: $190,708
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- Other: $32,668
- Compensation: $115,446
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- Other: $21,504
Official website here: www.davethomasfoundation.org
Where can I find the form 990 for Dave Thomas Foundation For Adoption?
Dave Thomas Foundation For Adoption's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.davethomasfoundation.org
Learn more at the official website: www.davethomasfoundation.org
Mission Statement of Dave Thomas Foundation For Adoption
The Dave Thomas Foundation for Adoption is a national nonprofit public charity, established by the late Dave Thomas, the founder of Wendy's, who was himself an adoptee. This organization is dedicated to increasing the number of adoptions of the over 140,000 children waiting in North America's foster care systems. Through evidence-based, results-driven national service programs, foster care adoption awareness campaigns, and innovative grantmaking initiatives, the Foundation strives to find permanent homes for these children.
The Dave Thomas Foundation for Adoption implements various strategies to achieve its mission. It runs programs that focus on finding families for waiting children, raising awareness about the importance of adoption, and providing resources to organizations and prospective parents. The Foundation's efforts are grounded in research and proven results. By offering free resources and implementing effective adoption campaigns, the organization aims to connect children in foster care with loving, permanent families. Additionally, the Foundation's grantmaking initiatives provide valuable support to organizations working to improve the foster care system and support families in the adoption process.
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Impact
October, 2024
The Dave Thomas Foundation for Adoption significantly impacts the lives of children awaiting adoption from North America's foster care systems. Central to its efforts is the Wendy's Wonderful Kids program, which employs a proactive, child-focused recruitment strategy aimed at finding permanent homes for the nation’s longest-waiting children. This initiative has demonstrated remarkable success; research shows that children involved in Wendy's Wonderful Kids are up to three times more likely to be adopted compared to those not receiving similar support.
By funding public and private agencies to hire specialized adoption professionals, the foundation ensures that each recruiter handles a manageable caseload. This approach allows for personalized attention to each child, crucial for effectively matching them with adoptive families. As a result, more than 12,780 children have found loving homes through this program, with an additional 961 in pre-adoptive placements, awaiting final court hearings.
Furthermore, the foundation's commitment extends to raising awareness about foster care adoption and providing free resources to organizations and prospective parents, reinforcing its mission to create lasting change in the lives of vulnerable children. With over 500 recruiters actively working across the United States, the foundation continues its dedicated efforts to help over 140,000 children waiting in the foster care system find permanent families.
This information is meant to be a general summary of Dave Thomas Foundation For Adoption. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $3,136,451
- Program Service Revenue: $143,461
- Gross Receipts: $99,930,879
Assets and Liabilities:
- Total Assets: $94,085,268
- Total Liabilities: $9,541,573
- Net Assets: $84,543,695
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE ASSISTANCE
Revenue
$143,461
Organization Details
Founding Year
1992
Phone
(800) 275-3832Principal Officer
Rita L Soronen
Main Address
4900 TUTTLE CROSSING BLVD, DUBLIN, OH, 43016
Website
www.davethomasfoundation.orgNTEE Category
Code: Z99Z - Unknown
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