Laurel Cats INC EIN 47-0989931 Form 990 (PDF) Claim this org

Laurel Cats INC

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Educates and mobilizes citizens to humanely reduce the local feral cat population for community health. For fiscal year 2024 it reported $271K in revenue, $227K in expenses, and $316K in net assets.Pt I

Type
Public charity (501(c)(3)) · Animals
Location
Laurel, MD
Website
www.laurelcats.org
Filings
6 on file (2019–2024)
Revenue
$271KFY2024
Expenses
$227K
Net assets
$316K
People
8
Filings
6
Updates
0
More identity details & actions ⌄
EIN  47-0989931 Public charity (501(c)(3)) Laurel, MD
Form 990 (PDF)
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Size
$100K–1M
What they do
Educates and mobilizes citizens to humanely reduce the local feral cat population for community health.
Leadership
Edith Vasco · Director
Money in and out
$271K revenue, $227K expenses
Bottom line
95% program efficiency
Where the money goes · FY2024
Total revenue
$271K
Pt VIII · Ln 12
Total expenses
$227K
Pt IX · Ln 25
Net assets
$316K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $43K
Where spending went · Part IX cols B–D
Program services $0.95 Management & general $0.05
Program efficiency
95%
of spending reaches programs▲ +3% vs prior filing year
Operating runway
19.6mo
months of highly liquid reserves at operating expense rate▲ +1% vs prior filing year
Surplus margin
+16%
revenue over expenses, this year▼ -38% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$271K
FY2024▲ +13%
Expenses
$227K
FY2024▲ +28%
Total assets
$328K
FY2024▲ +15%
Total liabilities
$12K
FY2024▲ +4%
Total revenue
$271K
Pt VIII · Ln 12
Total expenses
$227K
Pt IX · Ln 25
Net assets
$316K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$43K
Total assetsPt X · Ln 16$328K
Program-expense ratioPt IX · col B95%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 46

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CLaurel Cats INC
EINHdr · item D47-0989931
Principal addressHdr · item CLaurel, MD
WebsiteHdr · item Jwww.laurelcats.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMD
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFAnimals (D20)
Ruling yearIRS BMFJul 2014

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a6
Independent voting membersPt VI · Ln 1b6
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

2 program services account for $215K of program spending, described in the organization's own filed words · FY2024.
01

(1) laurel cats, inc. Is primarily a cat TVNR (TRAP/VACCINATE/NEUTER/RETURN) organization. (2) the organization traps feral cats in the laurel & beltsville, maryland areas, arranges for neutering & the provision of all necessary vaccinations.

$215Kprogram expense
02

All program service accomplishments listed below are performed by volunteers and incur no expenses nor generate revenue (1) stabilize, reduce, and eventually bring the free-roaming cat population to zero through TVNR and natural attrition (2) assist colony caretakers, property owners & managers in finding ways for cats to live…

Pt IX · col B

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Statement of Revenue

Part VIII
Contributions & grants$224K · 83%
Program service revenue$35K · 13%
Investment income$11K · 4%
Contributions & grants83%$224K
Program service revenue13%$35K
Investment income4%$11K
Other revenue$1K
— government grantsLn 1e$31K
Total revenueLn 12$271K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.95 Management & general $0.05
Program services95%$215K
Management & general5%$12K
Total functional expensesLn 25$227K

Balance Sheet

Part X · end of year
CashLn 1$320K
Total assetsLn 16$328K
Total liabilitiesLn 26$12K
Total net assetsLn 32$316K
Months of cash on handcomputed16.9

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $320K · Operating expenses (Pt IX) $227K · Less non-cash grants $32K · Cash operating expenses/yr $196K
19.6 months
Where the money goes
Program services
Program services $215K · Total expenses $227K
95%
Management & General
Management & general $12K · Total expenses $227K
5%
Fundraising
Fundraising $0 · Total expenses $227K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $161K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $224K · Total revenue $271K
83%
Government reliance
Government grants $31K · Total revenue $271K
12%
Earned-income share
Program service revenue $35K · Total revenue $271K
13%
Investment reliance
Investment income $11K · Total revenue $271K
+4%
Program self-sufficiency
Program service revenue $35K · Total expenses $227K
15%
Growth & trend
Revenue growth (YoY)
This year $271K · Prior year $240K
+13%
Revenue CAGR
FY2019 $133K · FY2024 $271K
+15%
Net-asset trend (YoY)
End of year $316K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $271K · Expenses $227K
+16%
Liabilities-to-Assets
Total liabilities — · Total assets $328K
Net-asset ratio
Net assets $316K · Total assets $328K
96%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $328K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Edith Vasco · Reported title DIRECTOR · Highest reported compensation $0 · Total expenses $227K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $227K
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 95%
Overhead ratio 5%
Fundraising cost ratio 0%
Revenue growth 13%
Accounting fee ratio 0.7%

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 · received and paid
Grants received · FY2024
Total grants receivedfrom 4 funders$80K
See all 4 funders →
Grants paid · 1 grant · $14K · 2020–2020

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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)$271K revenue · viewing · ⤓ 990 PDF
FY2023$240K revenue · ⤓ 990 PDF
FY2022$180K revenue · ⤓ 990 PDF
FY2021$162K revenue · ⤓ 990 PDF
FY2020$169K revenue · ⤓ 990 PDF
FY2019$133K revenue · ⤓ 990 PDF

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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
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