The information for Precious Paws Rescue Inc is as of the organization's most recent filing in December '21. This organization is located in Warrior, AL. It has been in existence for 4 years, following its founding in 2017.
The IRS classifies organizations according to the National Taxonomy of Exempt Entities (NTEE) system. The NTEE system helps the IRS assign a 3-character code to each organization to describe the organization's activities.
Precious Paws Rescue Inc is an organization dedicated to animal welfare. Its NTEE code is D20, indicating that it falls under the category of Animal-Related organizations. Specifically, it is classified as an Animal Protection & Welfare organization. This means that Precious Paws Rescue Inc works to provide humane care, protection, and control for animals, as well as investigates instances of cruelty to animals. In addition, the organization is also classified under section 3 of the Internal Revenue Code, which includes Religious, Educational, Charitable, Scientific, Literary, Testing for Public Safety, to Foster National or International Amateur Sports Competition, or Prevention of Cruelty to Children or Animals Organizations.
Within the program area of animal rescue, long-distance transportation, and adoption, Precious Paws reported the rescue and transportation of over 800 homeless dogs from Alabama to northern states where there is a lower supply of adoptable pets.
Precious Paws Rescue Inc is run by Timoth Yancey, who is the President of the organization. The organization does not have any employees, as all tasks and responsibilities are carried out by volunteers. Currently, there are 17 dedicated volunteers who contribute their time and efforts to support the mission of Precious Paws Rescue Inc.
Precious Paws Rescue Inc, a nonprofit organization, has experienced mixed growth over the given time period. While contributions and grants received decreased from $23.7K in 2019 to $4.8K in 2020, program service revenue increased significantly from $62.4K in 2018 to $112.3K in 2021. This resulted in an overall increase in total revenue from $79.4K in 2018 to $115.4K in 2021. However, total expenses decreased from $288.9K in 2019 to $231.3K in 2020. Additionally, the number of volunteers decreased from 19 in 2019 to 17 in 2020. Therefore, while the organization experienced growth in program service revenue and total revenue, it faced decreases in contributions and grants received, total expenses, and the number of volunteers.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Sharon Boone Vice President | 12 | $0 | |
Terry Shields Secretary | 4 | $0 | |
Rebecca Yancey Vice President | 30 | $0 | |
Susan Mcsourley Adoption Coordinator | 15 | $0 | |
Timoth Yancey President | 25 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $3,075 |
Total Program Service Revenue | $112,313 |
Membership dues | $0 |
Investment income | $0 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | $0 |
Other Revenue | $0 |
Total Revenue | $115,388 |
Statement of Expenses | |
---|---|
Grants and similar amounts paid | $0 |
Benefits paid to or for members | $0 |
Salaries, other compensation, and employee benefits | $0 |
Professional fees and other payments to independent contractors | $0 |
Occupancy, rent, utilities, and maintenance | $0 |
Printing, publications, postage, and shipping | $0 |
Other expenses | $122,792 |
Total expenses | $122,792 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $5,686 |
Other assets | $0 |
Total assets | $20,320 |
Total liabilities | $0 |
Net assets or fund balances | $20,320 |
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