BBB Wise Giving Report for
Dave Thomas Foundation for Adoption

BBB Wise Giving Report issued May 2008
BBB Wise Giving Report expires May 2010


This BBB Accredited charity meets all 20 Standards for Charity Accountability and is a Seal Holder. Find out more...


Find out more about this charity:

Back To Top

Charity Contact Information

Name: Dave Thomas Foundation for Adoption
Address: 4150 Tuller Road, Suite 204
  Dublin, OH 43017
Phone: 614-764-8454
800-275-3832
Web Address: www.davethomasfoundationforadoption.org
Back To Top

BBB Wise Giving Alliance Comments

Year, State Incorporated: 1992, Ohio
Affiliates: None
Stated Purpose: "to increase the number of adoptions of waiting children in North America."

Back To Top

Evaluation Conclusions

               

Dave Thomas Foundation for Adoption (DTFA) meets the 20 Standards for Charity Accountability.
Back To Top

Programs

               

DTFA seeks to raise awareness about foster care adoption by providing funds to adoption organizations throughout the United States and Canada and to impact public policy and make foster care adoption easier and more affordable. Through its partnerships with Wendy's restaurants, DTFA supports community adoption efforts at the local level. DTFA supplies various communication materials to adoption agencies and organizations.

For the fiscal year ended June 30, 2007, DTFA's program expenses were:

  
Wendy's Wonderful Kids 7,441,480
Program grants and awareness 4,411,558
National Adoption Month/Day 282,603
Adoption Friendly Workplace 209,277
Total Program Expenses: $12,344,918
Back To Top

Governance

               

Chief Executive : Rita L. Soronen, Executive Director
Compensation*:
 $141,718

Chair of the Board: Denny Lynch
Chair's Profession / Business Affiliation: SVP Communications, Wendy's International, Inc.

Board Size: 13

Paid Staff Size: 11

*July 1, 2006 - June 30, 2007 compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
Back To Top

Fund Raising

               

Method(s) Used:

Direct mail, print advertisements, Internet appeals, cause-related marketing, and planned giving.
Fund raising costs were 10% of related contributions. (Related contributions, which totaled $12,074,305, are donations received as a result of fund raising activities.)
Back To Top

Tax Status

               

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.
Back To Top

Financial

               

The following information is based on DTFA's audited financial statements for the fiscal year ended June 30, 2007.

Source of Funds  
Contributions 9,131,916
In-kind contributions 2,870,664
Investment income 1,186,674
Donated services 71,725
Total Income $13,260,979


chart



Uses of Funds as a % of Total Expenses

Programs: 88%  Fund Raising: 9%  Administrative: 3% 

Total income   $13,260,979
  Program expenses $12,344,918
  Fund raising expenses 1,240,493
  Administrative expenses 436,598
 
Total expenses   $14,022,009
Expenses in Excess of Income   (761,030)
Beginning net assets   9,051,909
Ending net assets   8,290,879
Total liabilities   4,802,274
Total assets   $13,093,153

Note: In the 2007 financial statements DTFA reports in-kind donations in the amount of $2,942,389. Included in this amount is $2,870,664 (advertising), $50,125 (accounting, tax, legal) and $21,600 (rent).

Back To Top

An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the BBB Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the Council of Better Business Bureaus, Inc.

This report is not to be used for fund raising or promotional purposes.

Help

For Charity Admin Only:

Contact the BBB Wise Giving Alliance about your report

Send to:

Receive Updates:



What is an Accredited Charity