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Operation Spay Bay INC

Tax-deductible

Panama City, FL501(c)(3)AnimalsEIN 45-2931723

Reduce the amount of unwanted cats and dogs through high volume, low cost spay and neuter services. Provide affordable veterinary care and wellness services. Assist in the placement of healthy cats and dogs through adoption and transport programs.

501(c)(3) charity; gifts are tax-deductible.
96¢ of each $1 spent went to programs.
Run by 10 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $224K a year · 11% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
96%
of spending
Looks good: 96% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$189K
to officers and key staff · 7% of spending
Top officer’s pay higher than 84% of similar orgs
Looks good: pay to officers and key staff is 7% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Concern: 0.4 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $450K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$1.4M
46% of total assets
Looks good: liabilities are 46% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 7 voting members
Looks good: 6 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$3.3M
+30% vs prior year
Spent
$2.7M
To programs
96%
Net assets
$1.7M
By yearFY2020–FY2024
Revenue
$3.3M
FY2024▲ +30%
Revenue by fiscal year
FY2020$1.6M
FY2021$1.5M
FY2022$1.8M
FY2023$2.5M
FY2024$3.3M
Expenses
$2.7M
FY2024▲ +27%
Expenses by fiscal year
FY2020$1.3M
FY2021$1.6M
FY2022$1.7M
FY2023$2.2M
FY2024$2.7M
Net assets
$1.7M
FY2024▲ +22%
Net assets by fiscal year
FY2020$1.1M
FY2021$1.0M
FY2022$1.0M
FY2023$1.4M
FY2024$1.7M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Give Claim

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Legal name (IRS)Hdr · item COperation Spay Bay INC
EINHdr · item D45-2931723
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFJul 2012
Latest filingForm 990FY2024 · Form 990
Principal addressHdr · item CPanama City, FL
NTEE classificationIRS BMFAnimals (D20)
WebsiteHdr · item Jspaybay.com

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.96 Management & general $0.04 Fundraising $0.00
Program services96%$2.6M
Management & general4%$112K
Fundraising$100
Total functional expensesLn 25$2.7M

Finances

Money in and out, what it owns and owes

Spent on programs
96%
of spending reaches programs▼ -4% vs prior filing year
Months of spending covered by cash
0.4mo
months of spending covered by cash and easy-to-sell investments▼ -76% vs prior filing year
Surplus or deficit
+16%
as % of revenue, this year▲ +17% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Total assets
$3.1M
FY2024▲ +16%
Total assets by fiscal year
FY2020$1.1M
FY2021$1.0M
FY2022$1.0M
FY2023$2.7M
FY2024$3.1M
Total liabilities
$1.4M
FY2024▲ +10%
Total liabilities by fiscal year
FY2020$0
FY2021$0
FY2022$0
FY2023$1.3M
FY2024$1.4M
Revenue less expensesPt I · Ln 19$524K
Total assetsPt X · Ln 16$3.1M
Spent on programsPt IX · col B96%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 46

Balance Sheet

Part X · end of year
CashLn 1$94K
Total assetsLn 16$3.1M
Total liabilitiesLn 26$1.4M
Total net assetsLn 32$1.7M
Months of cash on handcomputed0.4

Statement of Revenue

Part VIII
Program service revenue$2.2M · 68%
Contributions & grants$1.0M · 31%
Program service revenue68%$2.2M
Contributions & grants31%$1.0M
Investment income$5K
Total revenueLn 12$3.3M

Money in detail

Form 990 · FY2024 · each figure shown with the dollars behind it
Cash and giving out
Months of spending covered by cash
Cash and easy-to-sell investments $94K · Operating expenses/yr $2.7M
0.4 months
Where the money goes
Program services
Program services $2.6M · Total expenses $2.7M
96%
Management & General
Management & general $112K · Total expenses $2.7M
4%
Fundraising
Fundraising $100 · Total expenses $2.7M
<0.01%
Cost to raise $1
Fundraising expense (3-yr avg) $598 · Solicited contributions (3-yr avg) $599K
$0.00 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $1.0M · Total revenue $3.3M
31%
Government reliance
Government grants — · Total revenue $3.3M
—
Earned-income share
Program service revenue $2.2M · Total revenue $3.3M
68%
Investment reliance
Investment income $5K · Total revenue $3.3M
+0.2%
Program self-sufficiency
Program service revenue $2.2M · Total expenses $2.7M
82%
Growth & trend
Revenue change from last year
This year $3.3M · Prior year $2.5M
+30%
Revenue, average yearly change over 5 years
FY2020 $1.6M · FY2024 $3.3M
+20%
Net assets change over the year
End of year $1.7M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus or deficit, as % of revenue
Revenue $3.3M · Expenses $2.7M
+16%
Debts compared to what it owns
Total liabilities — · Total assets $3.1M
—
Net assets compared to what it owns
Net assets $1.7M · Total assets $3.1M
54%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $3.1M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Dr Alicia Bays · Reported title VET-MEDICAL · Highest reported compensation $167K · Total expenses $2.7M
6%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $1.4M · Total expenses $2.7M
51%
Peer comparison

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

MetricThis orgPeer medianPercentile
Spent on programs 96%——
Spent on management, % of spending 4%——
Fundraising cost, % of gifts <0.01%——
Revenue growth 30%——
Legal fees, % of spending 0.1%——

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

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Dr Alicia Bays
Vet-Medical
$167,073Pt VII · Sec A
Terry Cotter
Treasurer
$22,308Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Erin James
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Beverly Sheen
Secretary
$0Pt VII · Sec A

Dr Alicia Bays’s $167K as Vet-Medical is at the 84th percentile of top reported officer pay among 1137 $1–10M 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.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Dr Alicia Bays$167,073————
Dr Alicia Bays—$151,225$131,950$116,350$85,800
Dr Emily Brown———$96,621$75,660
Dr Amiee Smith———$62,686$55,440
Jessica Hendrix—$61,636$49,898——
Amy Wetzel————$35,000
Terry Cotter$22,308————
Terry Cotter—$14,565———

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Governance & Policies

Part VI
  • 7Voting board membersPt VI · Ln 1a
  • 6Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aYes
  • Whistleblower policyPt VI · Ln 13No
  • Document retention policyPt VI · Ln 14No
  • Top official’s pay independently reviewedPt VI · Ln 15aNo
  • Family or business ties among leadersPt VI · Ln 2Yes

Mission and programs

What it does.

Spay, neuter, and adopt out pets to reduce unwanted animal populations and provide affordable care.

Provided by the organization

This section is blank until Operation Spay Bay INC claims this page.

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Mission & Programs · Part III

Where the work happens

2 program services account for $2.6M of program spending, described in the organization's own filed words · FY2024.
01

In the year 2024 13,539 SPAY/NEUTER surgeries were performed. 28,887 vaccines were given to promote a healthy pet. Additionally 34,103 services were provided to include dental, DISASE/SICKNESS diagnostics, exams, lab work, x-rays, wound repair, additional surgical procedures, microchipping, testing, preventatives and parasite control.

$2.5Mprogram expense
02

Osb has entered into a partnership with castaway cats and dogs by purchasing a property with a restricted donation to house cats and dogs for rescue locally and to tranpsot to other areas of the country. Castaway cats and dogs is responsible for the vetting and care of the animals. Osb maintains the property expenses.

$94Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2025
Petsmart Charities INCFY2025$450K
Total grants receivedfrom 1 funder$450K

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2024 Latest Viewing $3.3M$2.7M+30% 990 PDF
FY2023 $2.5M$2.2M+42% 990 PDF
FY2022 $1.8M$1.7M+20% 990 PDF
FY2021 $1.5M$1.6M-7% 990 PDF
FY2020 $1.6M$1.3M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Full filing: Form 990 for FY2024

Every line we hold from the return, cited to its Part and line.
Part VIII · Statement of revenue $3,264,011 across 5 lines filed
VIII-1f All other contributions, gifts and grants$1,024,542
VIII-1h Total contributions, gifts and grants$1,024,542
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $2,234,108$2,234,108
VIII-3 Investment incomeRelated to mission $5,361$5,361
VIII-12 Total revenueRelated to mission $2,239,469$3,264,011
Part IX · Statement of functional expenses $2,739,963 across 16 lines filed
IX-7 Other salaries and wagesPrograms $1,183,659 · Management $66,706$1,250,365
IX-8 Pension plan contributionsManagement $23,274$23,274
IX-9 Other employee benefitsPrograms $11,024$11,024
IX-10 Payroll taxesPrograms $98,880 · Management $5,204$104,084
IX-11a Management feesManagement $1,407$1,407
IX-11b Legal feesManagement $3,511$3,511
IX-11g Other fees for servicesPrograms $229,462$229,462
IX-12 Advertising and promotionPrograms $4,324 · Fundraising $100$4,424
IX-13 Office expensesPrograms $3,011 · Management $2,326$5,337
IX-14 Information technologyPrograms $5,297$5,297
IX-16 OccupancyPrograms $150,649$150,649
IX-17 TravelPrograms $37,641 · Management $1,653$39,294
IX-22 Depreciation, depletion and amortizationPrograms $113,223$113,223
IX-23 InsurancePrograms $61,244 · Management $3,133$64,377
IX-24 Other expenses (24a–d)Programs $706,159 · Management $3,888$710,047
IX-24e All other expensesPrograms $23,110 · Management $1,078$24,188
IX-25 Total functional expensesPrograms $2,627,683 · Management $112,180 · Fundraising $100$2,739,963
Part X · Balance sheet $3,137,456 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $28,406$48,992
X-2 Savings and temporary cash investmentsStart of year $270,278$44,609
X-8 Inventories for sale or useStart of year $68,583$150,000
X-9 Prepaid expenses and deferred charges$5,611
X-10c Land, buildings and equipment, netStart of year $2,310,359$2,888,244
X-16 Total assetsStart of year $2,677,626$3,137,456
X-17 Accounts payable and accrued expenses$141,578
X-24 Unsecured notes and loans payableStart of year $1,323,296$1,307,616
X-26 Total liabilitiesStart of year $1,323,296$1,449,194
X-27 Net assets without donor restrictionsStart of year $1,354,330$1,688,262
X-32 Total net assets or fund balancesStart of year $1,354,330$1,688,262
X-33 Total liabilities and net assetsStart of year $2,677,626$3,137,456
Part XI · Reconciliation of net assets $1,688,262 net assets at year end
XI-1 Total revenue$3,264,011
XI-2 Total expenses$2,739,963
XI-3 Revenue less expenses$524,048
XI-4 Net assets at start of year$1,354,330
XI-8 Prior period adjustments−$190,116
XI-10 Net assets at end of year$1,688,262

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

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