Saturday, July 26, 2008

EUROPEAN ADOPTION CONSULTANTS: LIVING LARGE OFF THE MISERY OF OTHERS


Curious minds wonder. Just how much does European Adoption Consultants, the placing agency of two Russian children who ended up dead at the hands of their Forever Families,* rake in each year? Since I'm not an accountant, I'm not going to pretend to interpret their IRS 990s, available on Guidestar (free registration required). There's a lot more than these figures: salaries, expenses, inventory. Perhaps somebody else can elaborate. In the meantime, here's a sample:

GROSS
2004: $7,568,621
2005: $8,197,469 (adjusted to $8,257,994 on 2006 990 form)
2006: $ 7,809,150
TOTAL: $23,565,240 (adjusted to $23,635,765)

NET ASSETS AND DEFERRED BALANCES
2004: $890,593
2005: $1,044,505
2006: $890,141
TOTAL: $2,835,229


EAC Director Margaret Cole-Hughes' salary:
2004: $194,000 + $70,000 in benefits and deferred compensation
2005: $194,000
2006: $194,000
TOTAL: $582,000+70,000

I guess the day of the kindly but poor social worker played by Beulah Bondi has gone the way of...well...Beulah Bondi.

EAC is a Hague Accredited by the Council for Accreditation, It is a member of The Joint Council on International Children's Services and the National Council for Adoption.


*Logan Higginbotham, November 25, 1998
Dmitry Yakolev/Chase Harrison, July 8, 2008

2 comments:

Deb said...

Do you know how many Russian Citizens are on the payroll of EAC? These people would otherwise have nothing. Doesn't seem like the CEO makes too much to me, runs a huge company employing hundreds (maybe thousands) of people. I can tell you the personal JOY (not misery) EAC brought to our family and thousands others is priceless. Blame the social workers for this not EAC. If the social workers hadn't approved the families EAC would not have accepted their applications.

Daniel Case said...

Yeah, isn't that just like an agency shill to say this? Never mind that the social workers know damn well that if they don't approve everybody who comes to them they don't get work. Is it any wonder some of them have been known to do this over the phone?

Yes, we know how many Russian citizens are on the payroll of EAC. Most of them also happen to be Russian officials in charge of approving adoptions. Hmm ... Foreign Corrupt Practices Act? What Foreign Corrupt Practices Act?