Mid-South Greyhound Adoption Option Inc
- Assets
- $442.7k
- Revenue
- $229.9k
- Investments
- $0.0
- Employees
- 0
- Location
- West Memphis, AR
- Founding
- 08/1992
- Data as of
- 12/2022
- EIN
- 71-0715700
Organization Overview
Mid-South Greyhound Adoption Option Inc is located in West Memphis, AR. The organization was established in 1992. According to its NTEE Classification (D20) the organization is classified as: Animal Protection & Welfare, under the broad grouping of Animal-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mid-South Greyhound Adoption Option 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 12/2022, Mid-South Greyhound Adoption Option Inc generated $229.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (6.1%) each year. All expenses for the organization totaled $321.3k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (2.9%) per year over the past 6 years. 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
CARING AND ADOPTION FOR RETIRED RACING GREYHOUNDS WITH THE GOAL OF PLACING THESE DOGS IN PERMANENT HOMES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GREYHOUND DOG ADOPTIONS228 GREYHOUNDS WERE PLACED IN HOMES AND WITH OTHER GREYHOUND ADOPTION GROUPS DURING 2022EXPENSES INCLUDE DOG FEED AND KENNEL SUPPLIES IN AMOUNTS OF 16,016 AND VETERINARIAN SERVICES OF 105,696
BOARDING OF GREYHOUNDS246 GREYHOUNDS WERE BOARDED DURING THE YEAR
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ric Chetter President | Officer | 0.25 | $0 |
Darren Henry Officer | Officer | 0 | $0 |
Vicki Cohen Officer | Officer | 3 | $0 |
Barbara Williams Secretary | Officer | 6 | $0 |
Sue Arlotta Officer | Officer | 2 | $0 |
Robert Dingler Treasurer | Officer | 2.5 | $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 | $167,840 |
| Noncash contributions included in lines 1a–1f | $11,883 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $167,840 |
| Total Program Service Revenue | $97,999 |
| Investment income | $11,061 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$80,825 |
| Net Income from Fundraising Events | $19,355 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $229,923 |
| 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. | $48,767 |
| Compensation of current officers, directors, key employees. | $48,767 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $98,970 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $165 |
| Payroll taxes | $22,590 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,775 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,958 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $665 |
| 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 | $1,697 |
| Insurance | $4,990 |
| All other expenses | $8,087 |
| Total functional expenses | $321,264 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $39,527 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $403,159 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $442,686 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| 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 | $442,686 |
| Total liabilities and net assets/fund balances | $442,686 |