Pets For Vets Inc
- Assets
- $5.5m
- Revenue
- $872.8k
- Investments
- $0.0
- Employees
- 13
- Location
- Wilmington, NC
- Founding
- 04/2010
- Data as of
- 12/2023
- 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 12/2023, Pets For Vets Inc employed 13 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 12/2023, Pets For Vets Inc generated $872.8k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $1.0m during the year ending 12/2023. While expenses have increased by 9.5% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PETS FOR VETS ENRICHES THE LIVES OF VETERANS BY CREATING A SUPER BOND WITH CUSTOM TRAINED WORKING ANIMALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION WORKED WITH TRAINERS ACROSS THE UNITED STATES. WHILE COMPLETING THREE VETERAN-PET MATCHES AT NO COST TO THE VETERANS, THE ORGANIZATION'S MAIN FOCUS IN 2023 WAS THE PROVISION OF EXTENSIVE TRAINING FOR A VOLUNTEER STAFF OF MORE THAN 90 UNPAID TRAINERS IN PREPARATION FOR FUTURE VETERAN-PET MATCHE.IN CONDUCTING ITS ACTIVITIES, PETS FOR VETS HAS HISTORICALLY WORKED WITH ORGANIZATIONS ACROSS THE UNITED STATES KNOWN AS PETS FOR VETS CHAPTERS. THE CHAPTERS ARE SEPARATE ORGANIZATIONS, LEGALLY UNAFFILIATED WITH PETS FOR VETS, THAT PARTNER WITH IT TO ACHIEVE THE COMMON PURPOSE OF MATCHING VETERANS WITH SHELTER PETS ACROSS THE NATION. THE CHAPTERS ARE GRANTED A LIMITED LICENSE TO USE PETS FOR VETS INTELLECTUAL PROPERTY SUCH AS ITS LOGO. THERE ARE CURRENTLY SIX ACTIVE CHAPTERS.IN 2022 AND 2023, PETS FOR VETS BEGAN A PROCESS OF IDENTIFYING AND DIRECTLY TRAINING ANIMAL TRAINERS ACROSS THE UNITED STATES IN ADDITION TO SUPPORTING THE TRAINING ACTIVITIES OF ITS SIX CHAPTERS. VOLUNTEER TRAINERS ATTENDED REGIONAL TRAINING CONFERENCES THROUGHOUT THE YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Clarissa Black Executive Dir. | Officer | 40 | $139,000 |
Ann Black President | OfficerTrustee | 40 | $0 |
Cathy Lile Secretary/treas | OfficerTrustee | 40 | $0 |
Marianne Upton Vice President | Trustee | 5 | $0 |
Gianna Jackson 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 | $807,554 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $807,554 |
| Total Program Service Revenue | $0 |
| Investment income | $162,708 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$97,425 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $872,837 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $50,523 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $139,000 |
| Compensation of current officers, directors, key employees. | $20,850 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $304,296 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $35,941 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $20,762 |
| Fees for services: Accounting | $11,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $50,928 |
| Fees for services: Other | $69,556 |
| Advertising and promotion | $39,223 |
| Office expenses | $0 |
| Information technology | $23,316 |
| 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 | $5,669 |
| All other expenses | $0 |
| Total functional expenses | $1,002,439 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $252,529 |
| 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 | $5,202,001 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1 |
| Total assets | $5,454,531 |
| Accounts payable and accrued expenses | $29,190 |
| 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 | $29,190 |
| Net assets without donor restrictions | $5,404,862 |
| 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 | $5,454,531 |