Misfit Felines INC EIN 92-0800925

Misfit Felines INC

EIN  92-0800925 Public charity (501(c)(3)) Stoughton, WI
Form 990 (PDF) Compare with another nonprofit →
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Size
$100K–1M
What they do
Rescues and advocates for at-risk cats, reducing the homeless population.
Leadership
Sarah Kvalheim · Vice President / Supply Coordinator
Money in and out
$332K revenue, $271K expenses
Bottom line
100% program efficiency

Rescues and advocates for at-risk cats, reducing the homeless population. For fiscal year 2024 it reported $332K in revenue, $271K in expenses, and $63K in net assets.Pt I

Where the money goes · FY2024
Total revenue
$332K
Pt VIII · Ln 12
Total expenses
$271K
Pt IX · Ln 25
Net assets
$63K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $61K
Where spending went · Part IX cols B–D
Program services $1.00
Program efficiency
100%
of spending reaches programs
Operating runway
2.8mo
months of highly liquid reserves at operating expense rate▲ ×14 vs prior filing year
Surplus margin
+18%
revenue over expenses, this year▲ ×51 vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$332K
FY2024▲ +192%
Total revenue
$332K
Pt VIII · Ln 12
Total expenses
$271K
Pt IX · Ln 25
Net assets
$63K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$61K
Total assetsPt X · Ln 16$63K
Program-expense ratioPt IX · col B100%
Voting members of governing bodyPt I · Ln 34
Independent voting membersPt I · Ln 44
Mission & Programs · Part III

Where the work happens

1 program service account for $271K of program spending, described in the organization's own filed words · FY2024.
01

Adoption and Humane Veterinary Care

In 2024 we found adoptive homes and facilitated veterinary care for over 600 cats in our care. Most of these cats were at-risk either due to age (neonate or senior), illness, injuries, temperament or special needs.

$271Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CMisfit Felines INC
EINHdr · item D92-0800925
Principal addressHdr · item CStoughton, WI
WebsiteHdr · item Jwww.misfitfelines.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MWI
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFAnimals (D20)
Ruling yearIRS BMFNov 2022

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a4
Independent voting membersPt VI · Ln 1b4
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 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Vice President / Supply Coordinator
$0Pt VII · Sec A
President / Treasurer / Director
$0Pt VII · Sec A
Adoption Coordinator
$0Pt VII · Sec A
Foster Coordinator
$0Pt VII · Sec A
Board Member / Grant Coordinator
$0Pt VII · Sec A
Supply Coordinator
$0Pt VII · Sec A
Secretary / Fundraising Coordinator
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants$235K · 71%
Program service revenue$88K · 26%
Other revenue$10K · 3%
Contributions & grants71%$235K
Program service revenue26%$88K
Other revenue3%$10K
Total revenueLn 12$332K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $1.00
Program services100%$271K
Total functional expensesLn 25$271K

Balance Sheet

Part X · end of year
CashLn 1$63K
Total assetsLn 16$63K
Total liabilitiesLn 26$0
Total net assetsLn 32$63K
Months of cash on handcomputed2.8

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $63K · Operating expenses/yr $271K
2.8 months
Where the money goes
Program services
Program services $271K · Total expenses $271K
100%
Management & General
Management & general $0 · Total expenses $271K
0%
Fundraising
Fundraising $0 · Total expenses $271K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $235K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $235K · Total revenue $332K
71%
Government reliance
Government grants — · Total revenue $332K
Earned-income share
Program service revenue $88K · Total revenue $332K
26%
Investment reliance
Investment income $0 · Total revenue $332K
0%
Program self-sufficiency
Program service revenue $88K · Total expenses $271K
32%
Growth & trend
Revenue growth (YoY)
This year $332K · Prior year $114K
+192%
Net-asset trend (YoY)
End of year $63K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $332K · Expenses $271K
+18%
Liabilities-to-Assets
Total liabilities — · Total assets $63K
Net-asset ratio
Net assets $63K · Total assets $63K
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) $63K
0%
People & payroll
Highest Reported Total Compensation
Individual Sarah Kvalheim · Reported title Vice President / Supply Coordinator · Highest reported compensation $0 · Total expenses $271K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $0 · Total expenses $271K
0%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 100%
Overhead ratio 0%
Fundraising cost ratio 0%
Revenue growth 192%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting 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.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 3 funders$32K
See all 3 funders →

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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)$332K revenue · viewing · ⤓ 990 PDF
FY2023$114K 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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