2025-05-12T11:22:42-05:00 2024-06-30 WITHUMSMITHBROWNPC 4600 EAST WEST HWY 900 BETHESDA MD 208143423 990 2023-07-01 042227431 Massachusetts Adoption Resource Exchange Inc % BRIDGET CHIARUTTINI MASS 6179646273 19 Needham Street Suite 206 Newton MA 02461 BRIDGET CHIARUTTINI EXECUTIVE DIRECTOR 6179646273 2025-05-15 true true RICHARD RUVELSON P00234075 3012726000 2025-05-15 2023 2025-03-06 01:10:19Z BRIDGET CHIARUTTINI 19 NEEDHAM STREET SUITE 206 Newton MA 02461 1991449 false X www.mareinc.org X 1957 MA FINDING ADOPTIVE HOMES FOR CHILDREN BY MATCHING CHILDREN WITH POTENTIAL ADOPTIVE PARENTS AND PROVIDING INFORMATION ON CHILDREN AWAITING ADOPTION. 17 16 22 100 0 0 903153 975780 849673 849673 0 14254 116454 111293 1869280 1951000 0 0 0 0 1560940 1595409 0 0 161649 349540 366359 1910480 1961768 -41200 -10768 904673 902866 302168 310954 602505 591912 X THE MASSACHUSETTS ADOPTION RESOURCE EXCHANGE EXISTS TO FIND "A PERMANENT PLACE TO CALL HOME" FOR CHILDREN IN FOSTER CARE IN MASSACHUSETTS, INCLUDING SIBLING GROUPS AND CHILDREN WHO ARE TRADITIONALLY HARDER TO PLACE. WE DO THIS BY RECRUITING, EDUCATING, SUPPORTING AND ADVOCATING FOR FAMILIES THROUGHOUT THE ADOPTION PROCESS WHILE TARGETING RECRUITMENT EFFORTS TO ATTRACT POTENTIAL PARENTS FOR SPECIFIC CHILDREN. WE ARE THE COMMONWEALTH'S CENTRAL CLEARINGHOUSE FOR ADOPTION INFORMATION AND REFERRAL, AND WE WORK TO IDENTIFY MATCHES BETWEEN CHILDREN AND FAMILIES. false false 1613365 849673 FINDING ADOPTIVE HOMES FOR CHILDREN. 1613365 true true false false false false false false false false true false false true true true true false false false false false false false true false false false false false false false false false false false false false false false false false false false false false false true 3 0 true 22 true false false false false false true true false false false false false false X 17 16 false false false false false false false true true false false true true true true true true true false false MA X X BRIDGET CHIARUTTINI 6179646273 19 NEEDHAM STREET SUITE 206 NEWTON MA 02110 X BRIDGET CHIARUTTINI EXECUTIVE DIRECTOR 35.0 0.0 X X 133000 0 2525 TRACY ARONSON CO-PRESIDENT 1.0 0.0 X X 0 0 0 SHAWN MCNINCH CO-PRESIDENT 1.0 0.0 X X 0 0 0 KEVIN COTREAU TREASURER 1.0 0.0 X X 0 0 0 KELLI POWELL CLERK 1.0 0.0 X X 0 0 0 TONY LACASSE DIRECTOR 1.0 0.0 X 0 0 0 MICHELE BENKIS DIRECTOR 1.0 0.0 X 0 0 0 CARLY BURTON DIRECTOR 1.0 0.0 X 0 0 0 GARY LYON DIRECTOR 1.0 0.0 X 0 0 0 DAVID GELLAR DIRECTOR 1.0 0.0 X 0 0 0 TIM EISENSTADT DIRECTOR 1.0 0.0 X 0 0 0 JAIME CARON DIRECTOR 1.0 0.0 X 0 0 0 JIM CAMPBELL DIRECTOR 1.0 0.0 X 0 0 0 SANDRA PYRAM-LOYER DIRECTOR 1.0 0.0 X 0 0 0 DAN CULLINANE DIRECTOR 1.0 0.0 X 0 0 0 GLAVIA SMITH DIRECTOR 1.0 0.0 X 0 0 0 MARISELE ESPERANCE DIRECTOR 1.0 0.0 X 0 0 0 133000 0 2525 1 false false false UBC5 EQUITY PARTNERS 150 EAST 58TH STREET STE 2000 NEW YORK NY 10155 LEASE EXPENSE 153708 1 975780 8317 975780 GOVT FEES & CONTRACTS 624100 849673 849673 849673 14254 14254 0 0 0 0 0 0 151742 40449 111293 111293 0 0 0 0 0 0 0 1951000 849673 0 125547 0 0 0 0 138993 115320 11468 12205 0 1202084 995009 99858 107217 18075 15809 986 1280 128838 113562 7033 8243 107419 88263 8294 10862 0 0 23500 23500 0 0 0 61755 51839 2800 7116 0 52066 29522 13234 9310 0 0 144003 141437 1630 936 24460 24460 0 15513 13419 1597 497 0 0 7138 7138 15298 6408 6892 1998 ADOPTION PARTIES 9922 9531 391 Community Outreach 4467 4467 Staff Development 4247 2174 1690 383 FUNDRAISING EXPENSE 3523 2028 502 993 467 117 132 218 1961768 1613365 186754 161649 X 0 208516 617483 392159 0 0 70806 70806 0 0 0 0 0 0 0 0 0 495 294752 281134 16511 13618 0 12881 0 0 0 0 0 0 199873 204391 904673 902866 104607 118579 0 0 0 0 0 0 0 0 0 0 0 0 0 0 197561 192375 302168 310954 X 471614 421034 130891 170878 602505 591912 904673 902866 -10768 175 X X false true X true false X 534149 1017315 907721 903153 975780 4338118 0 0 534149 1017315 907721 903153 975780 4338118 292385 4045733 14254 14254 0 0 4352372 4042274 0.92955 0.98400 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 34369 32917 1452 214068 206413 7655 46315 41804 4511 13618 RIGHT OF USE ASSETS 183623 SECURITY DEPOSIT 20768 204391 0 LEASE LIABILITY 192375 192375 X 2115671 175 124047 40449 164671 1951000 1951000 2126264 124047 40449 164496 1961768 1961768 SCHEDULE D, PART X, LINE 2: MARE is exempt from federal income taxes under section 501(c)(3) of the Internal Revenue Code and therefore has made no provision for federal income taxes in the accompanying financial statements. As a not-for-profit entity exempt from income taxes, MARE may, however, be subject to tax on unrelated business income. Accounting principles generally accepted in the United States of America require an entity to assess the probability that a tax position has a "more likely than not" sustainability after review by tax authorities. If a tax position is deemed not to meet this threshold, any unrecognized tax benefits and costs are estimated and recognized. Tax returns are routinely open for review by tax authorities for three years from their due date. In certain circumstances, the statute of limitations may remain open indefinitely. SCHEDULE D, PART XI and XII, LINE 2D: Fundraising expenses - $ 40,449. WALK-A-THON 105108 105108 10580 GOLF TOURNAMENT 46634 46634 25898 0 151742 151742 36478 36478 115264 FORM 990, PART VI, SECTION B, LINE 11B: THE FINANCE COMMITTEE MEMBERS ARE INDIVIDUALLY SENT A DRAFT OF THE FORM 990 AND HAVE A CHANCE TO REVIEW, COMMENT AND ASK ANY QUESTIONS. AFTER ANY REQUIRED AMENDMENTS ARE MADE, THE FINANCE COMMITTEE SHARES THE FINAL DRAFT WITH FULL BOARD, ALONG WITH A SUMMARY OF THEIR REVIEW PROCESS AND THE RESULTS THEREOF. EACH BOARD MEMBER HAS AN OPPORTUNITY TO REVIEW THE DRAFT 990 FORM AND ASK FURTHER QUESTIONS OR REQUEST CHANGES PRIOR TO APPROVAL, EITHER BY FULL BOARD OR FINANCE COMMITTEE AS DELEGATED. FORM 990, PART VI, SECTION B, LINE 12C: TO ENSURE THE ORGANIZATION OPERATES IN A MANNER CONSISTENT WITH CHARITABLE PURPOSES AND DOES NOT ENGAGE IN ACTIVITIES THAT COULD JEOPARDIZE ITS TAX-EXEMPT STATUS, PERIODIC REVIEWS SHALL BE CONDUCTED. THE PERIODIC REVIEWS SHALL, AT A MINIMUM, INCLUDE THE FOLLOWING SUBJECTS: A. WHETHER COMPENSATION ARRANGEMENT AND BENEFITS ARE REASONABLE, BASED ON COMPETENT SURVEY INFORMATION, AND THE RESULT OF ARM'S LENGTH BARGAINING. B. WHETHER PARTNERSHIPS, JOINT VENTURES, AND ARRANGEMENTS WITH MANAGEMENT ORGANIZATIONS CONFORM TO THE ORGANIZATION'S WRITTEN POLICIES, ARE PROPERLY RECORDED, REFLECT REASONABLE INVESTMENT OR PAYMENTS FOR GOODS AND SERVICES, FUTHER CHARITABLE PURPOSES AND DO NOT RESULT IN INUREMENT, IMPERMISSIBLE PRIVATE BENEFIT OR IN AN EXCESS BENEFIT TRANSACTION. FORM 990, PART VI, SECTION B, LINE 15A: THE BOARD OF DIRECTORS REVIEWS THE EXECUTIVE DIRECTOR'S PERFORMANCE AND THE EXECUTIVE COMMITTEE DETERMINES THE COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19: THE ORGANIZATION MAKES ITS FINANCIAL STATEMENTS AND CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC BY REQUEST AS STATED ON THE ORGANIZATION'S WEBSITE. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS A FINANCE COMMITTEE THAT ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT OF THE FINANCIAL STATEMENTS AND SELECTION OF THE INDEPENDENT ACCOUNTANT. THIS PROCESS HAS NOT CHANGED FROM PRIOR YEARS.