BBB Wise Giving Report for
Dave Thomas Foundation for Adoption

BBB Wise Giving Report issued June 2010
BBB Wise Giving Report expires June 2012


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


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Charity Contact Information

Name: Dave Thomas Foundation for Adoption
Address: 525 Metro Place North, Suite 220
  Dublin, OH 43017
Phone: 800-275-3832
614-764-8454
Web Address: www.davethomasfoundationforadoption.org
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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."

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Evaluation Conclusions

               

Dave Thomas Foundation for Adoption (DTFA) meets the 20 Standards for Charity Accountability.
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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 communication materials to adoption agencies and organizations.

For the fiscal year ended June 30, 2009, DTFA's program expenses were:

  
Wendy's Wonderful Kids 7,992,014
Program grants and awareness 3,397,797
National adoption day/month 371,871
Adoption friendly workplace 109,793
Post adoption 81,368
Total Program Expenses: $11,952,843
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Governance

               

Chief Executive : Rita Soronen, Executive Director
Compensation*:
 $164,961

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

Board Size: 16

Paid Staff Size: 13

*July 1, 2008 - June 30, 2009 compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
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Fund Raising

               

Method(s) Used:

Direct mail, print advertisements, Internet appeals, cause-related marketing, and planned giving.

Fund raising costs were 19% of related contributions. (Related contributions, which totaled $14,701,691, are donations received as a result of fund raising activities.)
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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.
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Financial

               

The following information is based on DTFA's audited financial statements for the fiscal year ended June 30, 2009.

Source of Funds  
Contributions 11,091,631
In-kind contributions 3,610,060
Interest income 37,768
Investment loss -1,435,198
Total Income $13,304,261


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Uses of Funds as a % of Total Expenses

Programs: 79%  Fund Raising: 18%  Administrative: 3% 

Total income   $13,304,261
  Program expenses $11,952,843
  Fund raising expenses 2,723,241
  Administrative expenses 520,388
 
Total expenses   $15,196,472
Expenses in Excess of Income   (1,892,211)
Beginning net assets   7,882,146
Ending net assets   5,989,935
Total liabilities   5,897,071
Total assets   $11,887,006

Note: For the year ended June 30, 2009, DTFA had in-kind income in the amount of $3,610,060 which includes advertising ($3,562,079), accounting, tax, and legal services ($40,464), and rent ($7,517).

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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.

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