About Pets INC EIN 27-4547475 Form 990 (PDF) Claim this org

About Pets INC FY2022 filing

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Offers affordable spay/neuter and medical care to prevent pet abandonment and shelter surrenders. For fiscal year 2022 it reported $730K in revenue, $574K in expenses, and $283K in net assets.Pt I

Type
Public charity (501(c)(3)) · Animals
Location
Apollo Beach, FL
Website
www.aboutpetsinc.org
Filings
4 on file (2020–2022)
Revenue
$730KFY2022
Expenses
$574K
Net assets
$283K
People
3
Filings
4
Updates
0
More identity details & actions ⌄
EIN  27-4547475 Public charity (501(c)(3)) Apollo Beach, FL
Form 990 (PDF)
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2023) →
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Size
$100K–1M
What they do
Offers affordable spay/neuter and medical care to prevent pet abandonment and shelter surrenders.
Leadership
Gloria Wallace · Vice President /Registered Agent
Money in and out
$730K revenue, $574K expenses
Bottom line
100% program efficiency
Where the money goes · FY2022
Total revenue
$730K
Pt VIII · Ln 12
Total expenses
$574K
Pt IX · Ln 25
Net assets
$283K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $157K
Where spending went · Part IX cols B–D
Program services $1.00
Program efficiency
100%
of spending reaches programs
Operating runway
2.2mo
months of highly liquid reserves at operating expense rate
Surplus margin
+21%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$730K
FY2022-0.02%
Expenses
$574K
FY2022▼ -16%
Total assets
$283K
FY2022▲ +124%
Total liabilities
$0
FY2022
Total revenue
$730K
Pt VIII · Ln 12
Total expenses
$574K
Pt IX · Ln 25
Net assets
$283K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$157K
Total assetsPt X · Ln 16$283K
Program-expense ratioPt IX · col B100%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 43
Mission & Programs · Part III

Where the work happens

1 program service account for $574K of program spending, described in the organization's own filed words · FY2022.
01

To provide low cost spay neuter services for pets and low cost medical care to pets in order to reduce the number of cats and dogs given to shelters, abandoned, and left at animal control facilities due to a complete lack of affordable basic health care and vaccinations and affordable birth control surgery. 2021

$574Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CAbout Pets INC
EINHdr · item D27-4547475
Principal addressHdr · item CApollo Beach, FL
WebsiteHdr · item Jwww.aboutpetsinc.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MFL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFAnimals (D20)
Ruling yearIRS BMFApr 2011

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a3
Independent voting membersPt VI · Ln 1b3
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Vice President /Registered Agent
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
President
$0Pt VII · Sec A

Mark Wallace’s $40K as President is at the 90th percentile of top reported officer pay among 81 <$100K animals nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

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Statement of Revenue

Part VIII
Program service revenue100%$730K
Total revenueLn 12$730K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $1.00
Program services100%$574K
Total functional expensesLn 25$574K

Balance Sheet

Part X · end of year
CashLn 1$105K
Total assetsLn 16$283K
Total liabilitiesLn 26$0
Total net assetsLn 32$283K
Months of cash on handcomputed2.2

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $105K · Operating expenses/yr $574K
2.2 months
Where the money goes
Program services
Program services $574K · Total expenses $574K
100%
Management & General
Management & general $0 · Total expenses $574K
0%
Fundraising
Fundraising $0 · Total expenses $574K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $0
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $730K
0%
Government reliance
Government grants $0 · Total revenue $730K
0%
Earned-income share
Program service revenue $730K · Total revenue $730K
100%
Investment reliance
Investment income $0 · Total revenue $730K
0%
Program self-sufficiency
Program service revenue $730K · Total expenses $574K
127%
Growth & trend
Revenue growth (YoY)
This year $730K · Prior year $730K
-0.02%
Net-asset trend (YoY)
End of year $283K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $730K · Expenses $574K
+21%
Liabilities-to-Assets
Total liabilities — · Total assets $283K
Net-asset ratio
Net assets $283K · Total assets $283K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $283K
0%
People & payroll
Highest Reported Total Compensation
Individual Gloria Wallace · Reported title Vice President /Registered Agent · Highest reported compensation $0 · Total expenses $574K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $169K · Total expenses $574K
29%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 100%
Overhead ratio 0%
Revenue growth -0.02%
Investment management fee ratio 0%
Legal fee ratio 1%
Accounting fee ratio 1%
Fundraising fee ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2023 (Latest)$648K revenue · ⤓ 990 PDF
FY2022$730K revenue · viewing · ⤓ 990 PDF
FY2021$730K revenue · ⤓ 990 PDF
FY2020$706K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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