Saving Grace K9s EIN 46-2355291 Form 990 (PDF) Claim this org

Saving Grace K9s FY2023 filing

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Saving Grace K9s is a public foundation based in Lexington, NC. For fiscal year 2023 it reported $245K in revenue, $194K in expenses, and $395K in net assets.Pt I

Type
Public foundation / grantmaker · Foundations & Grantmakers
Location
Lexington, NC
Filings
5 on file (2020–2023)
Revenue
$245KFY2023
Expenses
$194K
Net assets
$395K
People
5
Filings
5
Updates
0
More identity details & actions ⌄
EIN  46-2355291 Public foundation / grantmaker Lexington, NC
Form 990 (PDF)
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
a public foundation
Leadership
Brigette Parsons · Director · $24K
Money in and out
$245K revenue, $194K expenses
Bottom line
0% program efficiency
Grants paid & assets · FY2023
Total revenue
$245K
Pt VIII · Ln 12
Total expenses
$194K
Pt IX · Ln 25
Net assets
$395K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $51K
Where spending went · Part IX cols B–D
Fundraising $1.00
Program efficiency
0%
of spending reaches programs
Operating runway
11.3mo
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 2023 · Form 990
Revenue
$245K
FY2023▼ -11%
Expenses
$194K
FY2023▲ +10%
Total assets
$496K
FY2023▲ +5%
Total liabilities
$101K
FY2023▼ -20%
Total revenue
$245K
Pt VIII · Ln 12
Total expenses
$194K
Pt IX · Ln 25
Net assets
$395K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$51K
Total assetsPt X · Ln 16$496K
Program-expense ratioPt IX · col B0%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 47

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CSaving Grace K9s
EINHdr · item D46-2355291
Principal addressHdr · item CLexington, NC
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNC
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T30)
Ruling yearIRS BMFJul 2014

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a7
Independent voting membersPt VI · Ln 1b7
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$24,000Pt VII · Sec A
$0Pt VII · Sec A
Chairman
$0Pt VII · Sec A
Vice Chairman
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A

Brigette Parsons’s $30K as Director is at the 27th percentile of top reported officer pay among 1263 $100K–1M philanthropy & grantmaking 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 · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2021
Brigette Parsons$30,000$24,000
Brigette Parsons$18,000$18,000

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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Mission & Programs · Part III

Where the work happens

1 program service, described in the organization's own filed words · FY2023.
01

Train Dogs for Veterans

Pt IX · col B

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Statement of Revenue

Part VIII
Contributions & grants100%$245K
Total revenueLn 12$245K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Fundraising $1.00
Fundraising100%$194K
Total functional expensesLn 25$194K

Balance Sheet

Part X · end of year
CashLn 1$183K
Total assetsLn 16$496K
Total liabilitiesLn 26$101K
Total net assetsLn 32$395K
Months of cash on handcomputed11.3

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $183K · Operating expenses/yr $194K
11.3 months
Where the money goes
Program services
Program services $0 · Total expenses $194K
0%
Management & General
Management & general $0 · Total expenses $194K
0%
Fundraising
Fundraising $194K · Total expenses $194K
100%
Cost to raise $1
Fundraising expense (2-yr avg) $186K · Solicited contributions (2-yr avg) $260K
$0.71 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $245K · Total revenue $245K
100%
Government reliance
Government grants — · Total revenue $245K
Earned-income share
Program service revenue $0 · Total revenue $245K
0%
Investment reliance
Investment income $0 · Total revenue $245K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $194K
0%
Growth & trend
Revenue growth (YoY)
This year $245K · Prior year $275K
-11%
Net-asset trend (YoY)
End of year $395K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $245K · Expenses $194K
+21%
Liabilities-to-Assets
Total liabilities — · Total assets $496K
Net-asset ratio
Net assets $395K · Total assets $496K
80%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $496K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Brigette Parsons · Reported title Director · Highest reported compensation $24K · Total expenses $194K
12%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $99K · Total expenses $194K
51%
Peer comparison

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

MetricThis orgPeer medianPercentile
Overhead ratio 0%
Fundraising cost ratio 79%
Revenue growth -11%
Legal fee ratio 3%

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.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 3 funders$42K
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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
FY2024 (Latest)$147K revenue · ⤓ 990 PDF
FY2023$245K revenue · viewing · ⤓ 990 PDF
FY2022$275K revenue · ⤓ 990 PDF
FY2021$142K revenue · ⤓ 990 PDF
FY2020$188K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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