The Sato Project Inc
- Assets
- $1.6m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 7
- Location
- Brooklyn, NY
- Founding
- 08/2012
- Data as of
- 12/2023
- EIN
- 45-3743534
Organization Overview
The Sato Project Inc is located in Brooklyn, NY. The organization was established in 2012. 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 12/2023, Sato Project Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sato Project 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, Sato Project Inc generated $2.4m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 17.2% each year . All expenses for the organization totaled $2.6m during the year ending 12/2023. While expenses have increased by 20.0% per year over the past 9 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
TO RESCUE ABUSED AND ABANDONED DOGS IN PUERTO RICO AND TO WORK TOWARDS LONG-TERM SOLUTIONS TO THE ISLAND'S STRAY ANIMAL CRISIS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SATO PROJECT IS DEDICATED TO RESCUING ABUSED AND ABANDONED DOGS IN PUERTO RICO, LOCALLY REFERRED TO AS "SATOS". DURING OUR FIRST SEVERAL YEARS OF OPERATIONS, WE FOCUSED OUR EFFORTS ON A PLACE KNOWN AS "DEAD DOG BEACH" IN THE MUNICIPALITY OF YABUCOA, ONE OF THE ISLAND'S POOREST. SINCE HURRICANE MARIA IN 2017 WE HAVE SIGNIFICANTLY EXPANDED OUR RESCUE EFFORTS. WE HAVE RESCUED OVER 7,700 DOGS TO DATE, REHABILITATED THEM WITH THE HIGHEST STANDARDS OF VETERINARY CARE, AND PLACED THEM IN LOVING HOMES IN THE MAINLAND U.S. WE ALSO WORK TO ADDRESS THE UNDERLYING CAUSES OF OVERPOPULATION, ABANDONMENT, AND ABUSE IN PUERTO RICO THROUGH COMMUNITY OUTREACH AND OUR LOW-COST SPAY, NEUTER, AND VACCINE PROGRAM.
THE SATO PROJECT IS WORKING TO MAKE PERMANENT CHANGE FOR ANIMAL WELFARE IN PUERTO RICO BY TACKLING THE PROBLEM OF OVERPOPULATION THROUGH COMMUNITY OUTREACH AND SUBSIDIZED VETERINARY CARE AND SPAY/NEUTER PROGRAMS. TO DATE, WE HAVE SPAYED/NEUTERED OVER 10,300 DOGS AND CATS THROUGH OUR COMMUNITY OUTREACH PROGRAM, TSP ALSO INCLUDE CANINE VACCINATION CLINICS AS PART OF COMMUNITY OUTREACH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Annya Ramirez Director | Trustee | 2 | $0 |
Robert Beckles Director | Trustee | 3 | $0 |
Tracy Warren Vice President | OfficerTrustee | 2 | $0 |
Christina Beckles President | OfficerTrustee | 60 | $117,635 |
Devin Shanahan Secretary & Treasurer | OfficerTrustee | 2 | $0 |
Gannon Mcmorrow Director | Trustee | 2 | $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 | $2,239,926 |
| Noncash contributions included in lines 1a–1f | $80,945 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,239,926 |
| Total Program Service Revenue | $187,904 |
| Investment income | $15,954 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,443,784 |
| 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. | $117,635 |
| Compensation of current officers, directors, key employees. | $11,764 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $266,734 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $22,263 |
| Payroll taxes | $30,772 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,407 |
| Fees for services: Accounting | $54,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $297,927 |
| Advertising and promotion | $20,687 |
| Office expenses | $32,018 |
| Information technology | $9,981 |
| Royalties | $0 |
| Occupancy | $181,307 |
| Travel | $192,815 |
| 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 | $81,150 |
| Insurance | $25,773 |
| All other expenses | $80,081 |
| Total functional expenses | $2,612,339 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $430,044 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $43,526 |
| 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 | $261,381 |
| Investments—publicly traded securities | $415,898 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $436,704 |
| Total assets | $1,587,553 |
| Accounts payable and accrued expenses | $47,277 |
| 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 | $389,522 |
| Total liabilities | $436,799 |
| Net assets without donor restrictions | $1,150,754 |
| 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 | $1,587,553 |