Petco Love
- Assets
- $30.9m
- Revenue
- $37.7m
- Investments
- $0.0
- Employees
- 0
- Location
- San Antonio, TX
- Founding
- 05/1999
- Data as of
- 04/2023
- EIN
- 33-0845930
Organization Overview
Petco Love is located in San Antonio, TX. The organization was established in 1999. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Petco Love 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 04/2023, Petco Love generated $37.7m in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $39.7m during the year ending 04/2023. While expenses have increased by 7.5% per year over the past 3 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.
Since 2022, Petco Love has awarded 16 individual grants totaling $273,959. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO RAISE THE QUALITY OF LIFE FOR PETS AND PEOPLE WHO LOVE AND NEED THEM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PETCO LOVE IS A MISSION TO END PREVENTABLE EUTHANASIA OF SHELTER AND COMMUNITY OWNED PETS BY EMPOWERING ORGANIZATIONS THROUGH GRANT INVESTMENTS THAT MAKE THE MOST IMPACT AND BY CREATING NATIONAL SOLUTIONS TO ADDRESS COMMUNITY NEEDS IMPACTING THE WELFARE OF ANIMALS. PETCO LOVES GRANT INVESTMENT ACTIVITIES SEEK TO EMPOWER THOSE ORGANIZATIONS THAT ARE THE MOST PRODUCTIVE AND EFFECTIVE IN ACCOMPLISHING THEIR MISSION AS DETERMINED THROUGH A DECISION MODEL DESIGNED TO EVALUATE AND ASSESS ORGANIZATIONS ALONGSIDE THEIR PEERS.SAVING PET LIVES: PETCO LOVE FUNDS ANIMAL WELFARE ORGANIZATIONS WORKING TO END THE EUTHANASIA OF SHELTER ANIMALS BY REUNITING LOST PETS WITH THEIR FAMILIES OR FINDING HOMES FOR THOSE IN NEED. THESE PROGRAMS INCLUDE CARING FOR THE ANIMALS TEMPORARILY, INCLUDING FINDING FOSTER FAMILIES WHERE PETS ARE CARED FOR, AND PREPARING THE ANIMALS MEDICALLY AND BEHAVIORALLY IN PREPARATION FOR ADOPTION. PETCO LOVE SUPPORTS LARGE SCALE ADOPTION EVENTS SEEKING TO REACH POTENTIAL PET PARENTS AND INCREASE VISIBILITY ABOUT THE SIGNIFICANT NUMBER OF ANIMALS AVAILABLE FOR ADOPTION. PETCO LOVE PARTNERS WITH ORGANIZATIONS THAT TRANSPORT PETS FROM AREAS OF THE COUNTRY MORE IN NEED TO AREAS THAT HAVE A GREATER NUMBER OF POTENTIAL ADOPTERS. PETCO LOVE ALSO PARTNERS WITH PETCO ANIMAL SUPPLIES TO PROVIDE ANIMAL WELFARE ORGANIZATIONS WITH SPACE AND A VENUE IN PETCO PCC'S (PETCO CARE CENTERS) TO PROVIDE GREATER COMMUNITY OUTREACH AND SHOWCASE THE WONDERFUL ADOPTABLE PETS TO POTENTIAL ADOPTERS. SOME STORES HAVE ADOPTION CENTERS WITH HOUSING WHERE PETS STAY AND ARE CARED FOR UNTIL ADOPTION. ACCESS TO CARE: PETCO LOVE ALSO SUPPORTS A VARIETY OF ORGANIZATIONS TO ASSIST PET PARENTS TO CARE FOR PETS IN NEED BY PROVIDING VETERINARY CARE, INCLUDING WELLNESS CARE, SPAY/NEUTER SERVICES, EMERGENCY AND OTHER MEDICAL CARE, AND VACCINES, AND OTHER PET CARE NEEDS LIKE, MICROCHIPPING, BEHAVIOR REHABILITATION SERVICES AND FOOD AND OTHER PET CARE SUPPORT. PETCO LOVE ALSO LAUNCHED A 2 MILLION FREE VACCINE CAMPAIGN TO ASSURE THAT PETS DO NOT SUFFER AND DIE NEEDLESSLY FROM PREVENTABLE DISEASES, AND TO DATE HAS PROVIDED OVER 1,500,000 VACCINES TO BE PROVIDED TO PETS IN NEED. REUNITING LOST PETS: PETCO LOVE LAUNCHED PETCO LOVE LOST IN APRIL 2020, A NATIONAL LOST AND FOUND DATABASE UTILIZING PET IMAGE RECOGNITION TECHNOLOGY TO REUNITE LOST PETS WITH THEIR FAMILIES. PETCO LOVE IS WORKING TO ESTABLISH THE GO-TO NATIONAL SOLUTION TO REUNITE LOST PETS BY UPLOADING A PHOTO AND CONNECTING PET PARENT AND FINDER. SINCE JULY 2021, PETCO LOVE LOST HAS REUNITED NEARLY 21,000 LOST PETS WITH THEIR FAMILIES AND HAS HELPED COUNTLESS OTHERS BY PROVIDING INFORMATION AND SUPPORT TO REUNITE LOST PETS. DISASTER SUPPORT: PETCO LOVE RESPONDS TO DISASTERS LIKE FIRES, FLOODS, EARTHQUAKES, HURRICANES AND OTHER NATURAL DISASTERS, AFFECTING ANIMALS AND THE PEOPLE WHO LOVE THEM. PETCO LOVES DISASTER RESPONSE INCLUDES PROVIDING SUPPORT IN PREPARATION, DURING AND AFTER DISASTERS WITH PRODUCTS AND GRANTS TO CARE FOR PETS AND REBUILD FROM DESTRUCTION.PET CANCER SUPPORT: FOR MORE THAN TEN YEARS, PETCO LOVE HAS RAISED MILLIONS OF DOLLARS TO SUPPORT PET CANCER TREATMENT, AWARENESS AND RESEARCH. PETCO LOVE SUPPORTS UNIVERSITIES AND ORGANIZATIONS THAT ARE ASSISTING PET OWNERS WHO ARE FINANCIALLY UNABLE TO AFFORD PET CANCER TREATMENT. ADDITIONALLY, PETCO LOVE HAS A SHELTER PET CANCER FUND TO SUPPORT TREATMENT OF SHELTER PETS WITH CANCER. PETCO LOVE ALSO FUNDS UNIVERSITIES AND ORGANIZATION FOR RESEARCH INTO THE CAUSES, PREVENTION, AND TREATMENT OF PET CANCER. PETCO LOVE RAISES AWARENESS ABOUT THE WARNING SIGNS OF CANCERS TO PROVIDED PET OWNERS WITH INFORMATION TO MINIMIZE THE RISK. SERVICE AND THERAPY ANIMALS: THROUGH THE HELPING HEROES CAMPAIGN, PETCO LOVE SUPPORTS AMERICAS AMAZING SERVICE ANIMALS WHO DEDICATE THEIR LIVES TO HELPING PEOPLE IN THEIR CARE. PETCO LOVE SUPPORTS A VARIETY OF SERVICE AND THERAPY ANIMAL EFFORTS PRIORITIZING THOSE ORGANIZATIONS THAT ARE SAVING SHELTER PETS AND TRAINING THEM FOR SERVICE TO OTHERS.FUNDING FOR PETS IMPACTED BY GLOBAL CRISIS. PETCO LOVES PRIMARY MISSION IS FOCUSED GEOGRAPHICALLY IN THE UNITED STATES. HOWEVER, UPON CERTAIN EXTRAORDINARY EVENTS, PETCO LOVE MAY RAISE AND DISTRIBUTE FUNDS SPECIFICALLY TO HELP PETS IMPACTED BY GLOBAL CRISES. IN EARLY 2022, PETCO LOVE RAISED AND PROVIDED $1 MILLION IN ASSISTANCE TO ORGANIZATIONS HELPING PETS AND PET FAMILIES AFFECTED BY THE WAR IN UKRAINE. FUNDS WERE DISTRIBUTED TO NATIONAL ORGANIZATIONS AIDING SHELTERS, RESCUES, AND PET FAMILIES FLEEING THE WAR-TORN COUNTRY AND TO SUPPORT FUTURE RECOVERY EFFORTS AND NEEDS AS THEY ARISE. ALL RECIPIENTS OF FUNDING FOR USE IN THE UKRAINE CRISIS AGREED AND ACKNOWLEDGED TO THEIR FAMILIARITY WITH THE TERMS AND PROVISIONS OF, AND COMPLIANCE WITH ALL UNITED STATES ANTI-TERRORISM LAWS, EXECUTIVE ORDERS AND REGULATIONS, INCLUDING COMPLIANCE WITH UNITED STATES TREASURY OFFICE OF FOREIGN ASSET COMPLIANCE (OFAC), THE UNITED STATES FOREIGN CORRUPT PRACTICES ACT OF 1977, AS AMENDED (THE FCPA) AND ALL APPLICABLE INTERNATIONAL AND LOCAL COUNTRY ANTI-BRIBERY AND ANTICORRUPTION LAWS, RULES, DECREES, ORDERS AND REGULATIONS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Katie Nauman Director | Trustee | 1 | $0 |
Marcie Whichard Secretary | OfficerTrustee | 1 | $0 |
Damien Harmon Director | Trustee | 1 | $0 |
Daymond John Director | Trustee | 1 | $0 |
Warren Rickard Director | Trustee | 1 | $0 |
Tariq Hassan Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Petco Animal Supplies Stores Inc Management/promotion | 4/28/23 | $7,458,493 |
Whitney Promotions Inc Promotion | 4/28/23 | $251,272 |
Google Llc Digital Marketing | 4/28/23 | $905,452 |
Epromos Promotional Products Llc Promotion | 4/28/23 | $183,043 |
Mittera Group Inc Promotion | 4/28/23 | $245,669 |
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 | $36,125,085 |
| Noncash contributions included in lines 1a–1f | $1,500,621 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $36,125,085 |
| Total Program Service Revenue | $0 |
| Investment income | $75,259 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $1,515,948 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $452 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $37,716,744 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $30,630,958 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $56,287 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $4,362,295 |
| Fees for services: Legal | $156,990 |
| Fees for services: Accounting | $43,850 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $365,445 |
| Advertising and promotion | $2,707,453 |
| Office expenses | $26,330 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $239,574 |
| 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 | $20,000 |
| Insurance | $0 |
| All other expenses | $12,785 |
| Total functional expenses | $39,654,487 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $8,815,073 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,564,730 |
| 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 | $530,046 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $14,655,737 |
| Investments—other securities | $0 |
| Investments—program-related | $238,474 |
| Intangible assets | $41,667 |
| Other assets | $4,033,259 |
| Total assets | $30,878,986 |
| Accounts payable and accrued expenses | $1,073,372 |
| 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 | $1,073,372 |
| Net assets without donor restrictions | $29,805,614 |
| Net assets with donor restrictions | $0 |
| 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 | $30,878,986 |
Grants Awarded
Over the last fiscal year, Petco Love has awarded $170,339 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
2 HANDS SAVING 4 PAWS HUMANE PURPOSE: GENERAL SUPPORT | $35,760 |
2ND CHANCE PET ADOPTIONS PURPOSE: GENERAL SUPPORT | $6,500 |
4 PAWS 4 PATRIOTS PURPOSE: GENERAL SUPPORT | $35,000 |
A PROMISE LAND ANIMAL RESCUE PURPOSE: GENERAL SUPPORT | $32,171 |
A SECOND CHANCE PUPPIES PURPOSE: GENERAL SUPPORT | $14,628 |
4 PAWS RESCUE TEAM PURPOSE: GENERAL SUPPORT | $12,947 |