Pet Adoption Fund
- Assets
- $6.0m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 4
- Location
- Canoga Park, CA
- Founding
- 07/1983
- Data as of
- 12/2023
- EIN
- 95-3842460
Organization Overview
Pet Adoption Fund is located in Canoga Park, CA. The organization was established in 1983. 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, Pet Adoption Fund employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pet Adoption Fund 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, Pet Adoption Fund generated $1.3m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 9.4% each year. All expenses for the organization totaled $511.6k 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
PROMOTION OF HUMANE TREATMENT OF DOGS AND CATS ALONG WITH A PROGRAM TO FIND NEW HOMES FOR HOMELESS DOGS AND CATS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE EXEMPT PURPOSE IS THE CARE OF AND ADOPTION PROGRAM FOR HOMELESS DOGS AND CATS. DURING THE PAST YEAR APPROX. 250 PETS WERE PLACED IN HOMES AND ABOUT 90 PETS WERE CARED FOR DAILY. THE PETS ARE RESCUED FROM PUBLIC SHELTERS AND PEOPLE WHO CAN NO LONGER CARE FOR THEM. ALL PETS CARED FOR ARE SPAYED OR NEUTERED. RECIPIENTS OF PETS ARE EDUCATED REGARDING SPAYING OR NEUTERING OF THE PET.
PRODUCTION AND MAILING OF SEMI-ANNUAL NEWSLETTERS WITH EDUCATIONAL AND PLACEMENT INFORMATION TO APPROXIMATELY 13,000 HOMES.
MAILINGS TO OVER 300,000 HOMES THAT INCLUDED EDUCATING AND RAISING THE AWARENESS OF RECIPIENTS AS TO THE ALTERNATIVE OF ADOPTION PROGRAMS FOR THE HUMANE TREATMENT OF ANIMALS, RATHER THAN DESTROYING THEM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Megan Watson Director | Trustee | 10 | $0 |
Mark Segal Director | Trustee | 1 | $0 |
Margaret Turner President | OfficerTrustee | 25 | $0 |
Neil Margolin Corporate Secretary | OfficerTrustee | 1 | $0 |
Vicki Margolin Treasurer | OfficerTrustee | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $25,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,133,415 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,158,415 |
| Total Program Service Revenue | $0 |
| Investment income | $173,258 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$62,864 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,268,809 |
| 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 | $222,472 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $17,824 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,863 |
| Fees for services: Accounting | $17,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $29,785 |
| Fees for services: Other | $0 |
| Advertising and promotion | $42 |
| Office expenses | $2,845 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $37,346 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $92 |
| Interest | $242 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,400 |
| Insurance | $30,524 |
| All other expenses | $68,287 |
| Total functional expenses | $511,632 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $603,596 |
| Savings and temporary cash investments | $386,609 |
| 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 | $140,262 |
| Investments—publicly traded securities | $4,820,463 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,950,930 |
| Accounts payable and accrued expenses | $1,467 |
| 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 | $1,467 |
| Net assets without donor restrictions | $5,949,463 |
| 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 | $5,950,930 |