Paws For Life Inc
- Assets
- $1.0m
- Revenue
- $317.0k
- Investments
- $0.0
- Employees
- 4
- Location
- Chesapeake City, MD
- Founding
- 01/1998
- Data as of
- 12/2023
- EIN
- 52-2042769
Organization Overview
Paws For Life Inc is located in Chesapeake City, MD. The organization was established in 1998. 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, Paws For Life Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Paws For Life 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, Paws For Life Inc generated $317.0k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 13.2% each year . All expenses for the organization totaled $77.2k during the year ending 12/2023. While expenses have increased by 0.2% 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 AND PLACE, THROUGH ADOPTION, DOGS TO PREAPPROVED FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESCUE AND PLACE, THROUGH ADOPTION, DOGS TO PREAPPROVED FAMILIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Yvonne J Reynolds Secretary/treasurer | OfficerTrustee | 15 | $9,450 |
Virginia Dupont Cole President | OfficerTrustee | 30 | $0 |
Caroline Dupont Prickett Vice President | OfficerTrustee | 2 | $0 |
Beverly Strauss Director | Trustee | 10 | $0 |
Jean Hitch Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $35,702 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $231,323 |
| Noncash contributions included in lines 1a–1f | $35,702 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $267,025 |
| Total Program Service Revenue | $0 |
| Investment income | $9,955 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $17,735 |
| Net Income from Fundraising Events | $5,149 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $16,921 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $316,992 |
| 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. | $9,450 |
| Compensation of current officers, directors, key employees. | $2,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $23,718 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,812 |
| 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 | $665 |
| Fees for services: Other | $900 |
| Advertising and promotion | $2,170 |
| Office expenses | $2,384 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $12,143 |
| 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 | $9,304 |
| Insurance | $3,381 |
| All other expenses | $1,464 |
| Total functional expenses | $77,240 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $538,740 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $697 |
| 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 | $170,595 |
| Investments—publicly traded securities | $328,965 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,038,997 |
| Accounts payable and accrued expenses | $3,599 |
| 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 | $1,290 |
| Total liabilities | $4,889 |
| 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 | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $1,034,108 |
| Total liabilities and net assets/fund balances | $1,038,997 |