World Pet Association Inc
- Assets
- $16.2m
- Revenue
- $11.4m
- Investments
- $0.0
- Employees
- 16
- Location
- Riverside, CA
- Founding
- 09/1966
- Data as of
- 12/2022
- EIN
- 95-2414179
Organization Overview
World Pet Association Inc is located in Riverside, CA. The organization was established in 1966. According to its NTEE Classification (D03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Animal-Related and related organizations. As of 12/2022, World Pet Association Inc employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. World Pet Association Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2022, World Pet Association Inc generated $11.4m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $9.8m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (0.3%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, World Pet Association Inc has awarded 44 individual grants totaling $7,175,781. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PET INDUSTRY TRADE ASSOCIATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
TRADE SHOWS ARE ORGANIZED FOR THE PURPOSE OF INFORMATION EXCHANGE, PRODUCT DISPLAY, EDUCATION, AND COMMUNICATIONS IN THE PET INDUSTRY. THESE EVENTS INCLUDE EDUCATIONAL PROGRAMS TO HELP INFORM THE INDUSTRY, RELATED INDUSTRIES, AND THE PUBLIC ABOUT PET RELATED ISSUES.
DUES PAID BY MEMBER ORGANIZATIONS, BUSINESSES AND INDIVIDUALS TO GAIN ACCESS TO THE ORGANIZATONS EDUCATIONAL PROGRAMS, TRADE SHOWS AND PARTICIPATION IN OTHER PET INDUSTRY RELATED ACTIVITIES.
EDUCATIONAL PROGRAMS CONDUCTED FOR THE BENEFIT OF MEMBERS, RELATED TO THE BETTERMENT OF THE CONDITIONS AND ENVIRONMENT IN THE PET INDUSTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Victor Mason President | OfficerTrustee | 40 | $383,041 |
Mike Karsting Senior VP | 40 | $213,468 | |
Pete Risana VP Of Membership | 40 | $156,501 | |
Jessica Guzman VP Marketing | 40 | $145,027 | |
Elizabeth Spivak VP Sales | 40 | $141,375 | |
Micah Kohles Director | Trustee | 2 | $6,200 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mgm Resort International Event Facility | 12/30/22 | $1,954,815 |
Marketing Design Group Event Solutions Svcs | 12/30/22 | $906,637 |
Simulocity Virtual Platform Service | 12/30/22 | $349,500 |
Global Experience Specialists Event Management | 12/30/22 | $695,772 |
Exposition Development Company Event Management | 12/30/22 | $330,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $354,066 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $359,066 |
| Total Program Service Revenue | $11,991,323 |
| Investment income | -$1,815,961 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $904,791 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,439,219 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,371,885 |
| 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. | $377,641 |
| Compensation of current officers, directors, key employees. | $377,641 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,423,913 |
| Pension plan accruals and contributions | $55,143 |
| Other employee benefits | $106,297 |
| Payroll taxes | $126,218 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $74,824 |
| Fees for services: Accounting | $36,122 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $50,785 |
| Fees for services: Other | $697,266 |
| Advertising and promotion | $368,660 |
| Office expenses | $67,135 |
| Information technology | $345,161 |
| Royalties | $0 |
| Occupancy | $38,559 |
| Travel | $108,037 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $185,314 |
| Interest | $13,129 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $26,933 |
| Insurance | $31,374 |
| All other expenses | $23,404 |
| Total functional expenses | $9,776,985 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,138,247 |
| Savings and temporary cash investments | $337,101 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,500 |
| 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 | $871,737 |
| Net Land, buildings, and equipment | $30,366 |
| Investments—publicly traded securities | $9,763,850 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $14,635 |
| Other assets | $0 |
| Total assets | $16,157,436 |
| Accounts payable and accrued expenses | $342,238 |
| Grants payable | $0 |
| Deferred revenue | $3,276,509 |
| 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 | $39,931 |
| Total liabilities | $3,658,678 |
| Net assets without donor restrictions | $12,498,758 |
| 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 | $16,157,436 |
Grants Awarded
Over the last fiscal year, World Pet Association Inc has awarded $1,371,885 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
CENTER FOR CONSUMER FREEDOM PURPOSE: Animal Well-Being Educ & Research | $50,000 |
FETCHFIND LLC PURPOSE: Digital Education | $60,000 |
NAIA TRUST PURPOSE: Animal Well Being | $150,000 |
HUMAN ANIMAL BOND RESEARCH PURPOSE: Animal Research Project | $100,000 |
PET CARE TRUST PURPOSE: Pet Companions-Humanitarian | $150,000 |
PET ADVOCACY NETWORK PURPOSE: Animal Well Being | $25,000 |