Low Cost Animal Medical Center
- Assets
- $1.5m
- Revenue
- $3.2m
- Investments
- $0.0
- Employees
- 36
- Location
- New Orleans, LA
- Founding
- 03/2015
- Data as of
- 12/2023
- EIN
- 47-2883629
Organization Overview
Low Cost Animal Medical Center is located in New Orleans, LA. The organization was established in 2015. According to its NTEE Classification (D40) the organization is classified as: Veterinary Services, under the broad grouping of Animal-Related and related organizations. As of 12/2023, Low Cost Animal Medical Center employed 36 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Low Cost Animal Medical Center 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, Low Cost Animal Medical Center generated $3.2m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 31.1% each year . All expenses for the organization totaled $2.6m during the year ending 12/2023. 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
OUR MISSION IS TO END THE NEEDLESS AND HORRIBLE SUFFERING AND KILLING OF DOGS AND CATS IN THE METRO NEW ORLEANS AREA BY: 1) PROVIDING HIGH QUALITY VETERINARY CARE AT SIGNIFICANTLY DISCOUNTED PRICES TO HELP MIDDLE AND LOW-INCOME PET OWNERS BETTER CARE FOR AND AFFORD TO KEEP THEIR PETS; ESPECIALLY PET OWNERS WHO HAVE NEVER BEEN TO A VETERINARIAN. 2) OFFERING HIGH VOLUME, LOW COST SPAY/NEUTER SIMILAR TO AUSTIN, JACKSONVILLE, AND ASHVILLE, CITIES THAT HAVE LOWERED THEIR EUTHANASIA RATES TO BELOW 10%. 3) CREATING A "REAL WORLD" TEACHING FACILITY FOR TULANE'S AB FREEMAN SCHOOL OF BUSINESS AND LSU'S SCHOOL OF VETERINARY MEDICINE. 4) BECOMING A RESOURCE FOR OTHER ANIMAL WELFARE GROUPS WHO NEED AFFORDABLE SPAY/NEUTER AND VETERINARY CARE. 5) SPUR OUR NEIGHBORHOOD'S ECONOMIC DEVELOPMENT WITH VETERINARY CARE, EMPLOYMENT OPPORTUNITIES, INCREASED CONSUMER TRAFFIC, AND HIGHER PROPERTY VALUES. 6) OPENING A PET FOOD BANK FOR SUPPLEMENTAL PET FOOD FOR SPAYED/NEUTERED ANIMALS OF LOW-INCOME RESIDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING 2023, LOW COST ANIMAL MEDICAL CENTER SAW DOGS AND CATS FOR VETERINARY CARE. ADDITIONALLY, THE CENTER SPAY/NEUTERED AND PERFORMED OTHER SURGICAL PROCEDURES FOR FOR 1,844 DOGS AND CATS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sidney Copey Pulitzer Chairman | OfficerTrustee | 40 | $0 |
Cleland Powell Board Member | Trustee | 1 | $0 |
Dr Laura Freeman Board Member | Trustee | 1 | $0 |
Anne Redd Board Member | Trustee | 1 | $0 |
Dr John Martin Board Member | Trustee | 1 | $0 |
Ashley Keller Nelson Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Dr Christal Lynn Broomhall Veterinarian Services | 12/30/23 | $131,793 |
Dr April Ulmer Veterinarian Services | 12/30/23 | $129,512 |
For Paws Llc Veterinarian Services | 12/30/23 | $106,393 |
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 | $632,840 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $632,840 |
| Total Program Service Revenue | $2,536,904 |
| Investment income | $16,007 |
| 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 | $3,185,751 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $737,404 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,224 |
| Payroll taxes | $60,258 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $39,733 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $728,210 |
| Advertising and promotion | $1,490 |
| 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 | $20,308 |
| Insurance | $11,131 |
| All other expenses | $63,605 |
| Total functional expenses | $2,576,281 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,160,185 |
| 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 | $77,954 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $249,190 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $744 |
| Total assets | $1,488,073 |
| Accounts payable and accrued expenses | $60,234 |
| 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 | $60,234 |
| Net assets without donor restrictions | $0 |
| 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 | $3,800 |
| Retained earnings, endowment, accumulated income, or other funds | $1,424,039 |
| Total liabilities and net assets/fund balances | $1,488,073 |