Spay Neuter Charlotte
- Assets
- $5.5m
- Revenue
- $4.9m
- Investments
- $0.0
- Employees
- 69
- Location
- Charlotte, NC
- Founding
- 01/2011
- Data as of
- 12/2022
- EIN
- 27-3665227
Organization Overview
Spay Neuter Charlotte, operating under the name Stand for Animals Veterinary Clinic, is located in Charlotte, NC. The organization was established in 2011. According to its NTEE Classification (D20) the organization is classified as: Animal Protection & Welfare, under the broad grouping of Animal-Related and related organizations. As of 12/2022, Stand for Animals Veterinary Clinic employed 69 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Stand for Animals Veterinary Clinic 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 12/2022, Stand for Animals Veterinary Clinic generated $4.9m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 15.1% each year . All expenses for the organization totaled $4.5m during the year ending 12/2022. While expenses have increased by 14.2% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION STANDS FOR EVERY PET AND PET OWNER BY MAKING THE HIGHEST QUALITY VETERINARY CARE AND SPAY NEUTER SERVICES AFFORDABLE AND ACCESSIBLE, WITH THE GOAL OF REDUCING THE NUMBER OF DOGS AND CATS EUTHANIZED IN REGIONAL SHELTERS AND CREATING A COMMUNITY WITHOUT HOMELESS PETS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE RECRUITMENT AND RETENTION OF VETERINARIANS HAS PRESENTED A UNIQUE SET OF CHALLENGES SINCE WE OPENED IN 2011. IN 2022 WE FULLY REALIZED HOW DRAMATICALLY THE VETERINARY LANDSCAPE HAD CHANGED IN A POST COVID WORLD. WHILE THERE HAS ALWAYS BEEN A SHORTAGE OF VETERINARIANS, THIS ISSUE BECAME MORE ACUTE OVER THE LAST TWO YEARS. WE SURMISE THAT MANY VETERINARIANS "OPTED OUT" DUE TO THE INCREDIBLE STRESS OF PROVIDING SERVICES DURING THE PANDEMIC. THIS SITUATION WAS EXACERBATED BY THE FACT THAT VETERINARY SCHOOLS SIMPLY DO NOT PRODUCE ENOUGH VETERINARIANS TO MEET CURRENT NEEDS AND FURTHER COMPLICATED BY THE EVER GROWING TREND FOR LARGE CORPORATIONS TO BUY VETERINARY PRACTICES (85% OR MORE OF THE PRACTICES IN CHARLOTTE ARE NOW OWNED BY A CORPORATION). THE RESULT OF THIS TRIFECTA IS THAT VETERINARY COMPENSATION DRAMATICALLY INCREASED AS HAD THE DEMAND FOR A FOUR DAY WORK WEEK. ONCE WE FULLY UNDERSTOOD THE NEW MARKETPLACE DYNAMICS WE WERE ABLE TO PIVOT TO ADJUST OUR FEE STRUCTURE AND SCHEDULE TO MEET THESE REQUIREMENTS. WE HOPE TO SEE THE BENEFIT OF THESE ACCOMODATIONS IN 2023.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cary Bernstein Executive Director | Officer | 40 | $118,462 |
Wilton Conner Chairperson | OfficerTrustee | 5 | $0 |
Brett Blumenthal Vice-Chairperson | OfficerTrustee | 5 | $0 |
Renee English Secretary | OfficerTrustee | 5 | $0 |
Dylan Green Treasurer | OfficerTrustee | 5 | $0 |
Olivia Cohen Board Member | 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 | $283,052 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $283,052 |
| Total Program Service Revenue | $4,498,795 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $71,421 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,872,256 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $118,462 |
| Compensation of current officers, directors, key employees. | $53,308 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,950,124 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $166,934 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $29,264 |
| Royalties | $0 |
| Occupancy | $355,255 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $56,939 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $196,268 |
| Insurance | $114,481 |
| All other expenses | $229,190 |
| Total functional expenses | $4,460,865 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,684,701 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $18,278 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $28,478 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $2,642,860 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,138,112 |
| Total assets | $5,512,429 |
| Accounts payable and accrued expenses | $143,521 |
| 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 | $50,000 |
| Secured mortgages and notes payable | $1,286,049 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,136,146 |
| Total liabilities | $2,615,716 |
| Net assets without donor restrictions | $2,876,463 |
| Net assets with donor restrictions | $20,250 |
| 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 | $5,512,429 |