Pets For Vets Inc
- Assets
- $5.7m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 4
- Location
- Wilmington, NC
- Founding
- 04/2010
- Data as of
- 12/2021
- EIN
- 27-1250302
Organization Overview
Pets For Vets Inc is located in Wilmington, NC. The organization was established in 2010. According to its NTEE Classification (W30) the organization is classified as: Military & Veterans Organizations, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2021, Pets For Vets Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pets For Vets Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Pets For Vets Inc generated $1.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $695.6k during the year ending 12/2021. While expenses have increased by 7.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PETS FOR VETS ENRICH THE LIVES OF VETERANS BY CREATING A SUPER BOND WITH CUSTOM TRAINED WORKING ANIMALS. IT IDENTIFIES VETERANS WHO COULD BENEFIT FROM AND CARE FOR A CUSTOM TRAINED ANIMAL AND THEN PAIRS THEM WITH SHELTER PETS WHICH HAVE BEEN RESCUED, REHABILITATED AND TRAINED FOR THAT PURPOSE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
* THE ORGANIZATION COMPLETED 20 VETERAN-PET MATCHES AT NO COST TO THE VETERANS.* PROVIDED ASSISTANCE TO OUR VETERANS TO HELP WITH VETERINARY AND PET FOOD EXPENSES DURING THE COVID-19 PANDEMIC.* PROVIDED ASSISTANCE TO OUR TRAINERS TO HELP WITH EXPENSES DURING THE COVID-19 PANDEMIC.* PROVIDED AN ON-BOARDING WEBINAR FOR ALL NEW APPROVED TRAINERS. * INTRODUCED THE UNIQUE PETS FOR VETS A.C.E. TRAINING STANDARDS PROTOCOLS.* DEVELOPED NEW MISSION AND VISION STATEMENTS.* PROVIDED TRAINING TO EXISTING CHAPTERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Clarissa Black Executive Dir. | Officer | 40 | $104,500 |
Ann Black President | OfficerTrustee | 40 | $0 |
Cathy Lile Secretary/treas | OfficerTrustee | 40 | $0 |
Nancy Martin Deceased Vice President | OfficerTrustee | 15 | $0 |
Ellen Fox Director | Trustee | 5 | $0 |
Marianne Upton Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $977,600 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $977,600 |
| Total Program Service Revenue | $5,537 |
| Investment income | $253,330 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $15,000 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $259,946 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,511,413 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $72,694 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $104,500 |
| Compensation of current officers, directors, key employees. | $15,675 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $159,802 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $20,291 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $27,226 |
| Fees for services: Accounting | $11,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $50,111 |
| Fees for services: Other | $76,679 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $6,641 |
| All other expenses | $0 |
| Total functional expenses | $695,616 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $299,285 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $5,389,169 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,688,454 |
| Accounts payable and accrued expenses | $24,860 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $24,860 |
| Net assets without donor restrictions | $5,643,115 |
| Net assets with donor restrictions | $20,479 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $5,688,454 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Pets For Vets Inc has recieved totaling $21,200.
| Awarding Organization | Amount |
|---|---|
Keith And Mattie Stevenson Foundation Houston, TX PURPOSE: GENERAL PURPOSE | $11,000 |
Grace Nixon Foundation Walnut Creek, CA PURPOSE: GENERAL SUPPORT | $9,000 |
The Steve Lawrence And Eydie Gorme Foundation Woodland Hills, CA PURPOSE: CHARITABLE | $1,000 |
Make Great Things Happen Foundation Clifton Park, NY PURPOSE: SUPPORT OF OUR RETURNING VETERANS | $200 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Army Emergency Relief Arlington, VA | $416,891,741 | $42,370,093 |
Navy-Marine Corps Relief Society Arlington, VA | $160,427,961 | $29,210,374 |
Military Officers Association Of America Alexandria, VA | $184,530,638 | $38,032,797 |
Military Order Of The Purple Heart Service Foundation Inc Annandale, VA | $2,548,586 | $20,677,650 |
Air Force Aid Society Inc Arlington, VA | $262,482,165 | $46,086,376 |
The National Military Family Association Alexandria, VA | $8,448,648 | $9,411,080 |
United Service Organizations Inc Fort Myer, VA | $0 | $2,240,114 |
The Independence Fund Inc Charlotte, NC | $7,812,789 | $8,567,110 |
Marine Corps Association Quantico, VA | $17,818,262 | $7,455,788 |
Armed Services Mutual Benefit Association Goodlettsville, TN | $55,566,131 | $7,665,042 |
U S Naval Sea Cadet Corps Arlington, VA | $6,985,927 | $8,234,482 |
Women In Military Service For America Memorial Foundation Inc Arlington, VA | $11,722,569 | $5,876,595 |