Civic Intelligence

The Akc Humane Fund Inc

990 • Fiscal year 2016 • EIN 26-0542468

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 07, 2017

260 MADISON AVENUE Suite 4TH FLNew York, NY 10016

(212) 696-8200

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

78th percentile

0.19x

Higher debt load relative to assets than 78% of similar nonprofits.

2016 filings • NTEE D • $500k-$1M nonprofits • Source year 2016

Liabilities / Revenue

92nd percentile

0.99x

Higher debt load relative to revenue than 92% of similar nonprofits.

2016 filings • NTEE D • $500k-$1M nonprofits • Source year 2016

Net Margin

4th percentile

-68%

Higher net margin than 4% of similar nonprofits.

2016 filings • NTEE D • $500k-$1M nonprofits • Source year 2016

Top Officer Pay

98th percentile

$330,187

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 310.0% of source-year revenue.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Asset Growth

24th percentile

-3.8%

Faster asset growth than 24% of similar nonprofits.

2016 filings • NTEE D • $500k-$1M nonprofits • Annualized from 2015 to 2016

Revenue Growth

17th percentile

-30%

Faster revenue growth than 17% of similar nonprofits.

2016 filings • NTEE D • $500k-$1M nonprofits • Annualized from 2015 to 2016

Assets

Down

$548,163

Down $21,590 (-3.8%) from 2015

Net Assets

Down

$442,721

Down $53,456 (-11%) from 2015

Liabilities

Up

$105,442

Up $31,866 (+43%) from 2015

Revenue

Down

$106,498

Down $46,180 (-30%) from 2015

Expenses

Down

$179,165

Down $101,419 (-36%) from 2015

Net Income

Up

-$72,667

Up $55,239 (+43%) from 2015

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.5M$1.0M$500K$0Assets 2010: $410,576Liabilities 2010: $614Net Assets 2010: $409,9622010Assets 2011: $534,756Liabilities 2011: $19,484Net Assets 2011: $515,2722011Assets 2012: $722,882Liabilities 2012: $26,619Net Assets 2012: $696,2632012Assets 2013: $836,466Liabilities 2013: $47,750Net Assets 2013: $788,7162013Assets 2014: $770,349Liabilities 2014: $109,156Net Assets 2014: $661,1932014Assets 2015: $569,753Liabilities 2015: $73,576Net Assets 2015: $496,1772015Assets 2016: $548,163Liabilities 2016: $105,442Net Assets 2016: $442,7212016Assets 2017: $538,453Liabilities 2017: $171,894Net Assets 2017: $366,5592017Assets 2018: $562,473Liabilities 2018: $172,447Net Assets 2018: $390,0262018Assets 2019: $625,730Liabilities 2019: $120,584Net Assets 2019: $505,1462019Assets 2020: $679,475Liabilities 2020: $40,570Net Assets 2020: $638,9052020Assets 2021: $853,844Liabilities 2021: $16,432Net Assets 2021: $837,4122021Assets 2022: $1,026,642Liabilities 2022: $39,410Net Assets 2022: $987,2322022Assets 2023: $1,246,190Liabilities 2023: $187,097Net Assets 2023: $1,059,0932023Assets 2024: $1,378,853Liabilities 2024: $162,249Net Assets 2024: $1,216,6042024

Highlighted filing

2016

Assets$548,163
Liabilities$105,442
Net Assets$442,721

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$600K$400K$200K$0-$200KRevenue 2010: $176,382Expenses 2010: $69,868Net Income 2010: $106,5142010Expenses 2011: $124,9162011Expenses 2012: $185,4572012Revenue 2013: $308,005Expenses 2013: $240,230Net Income 2013: $67,7752013Revenue 2014: $144,758Expenses 2014: $272,071Net Income 2014: -$127,3132014Revenue 2015: $152,678Expenses 2015: $280,584Net Income 2015: -$127,9062015Revenue 2016: $106,498Expenses 2016: $179,165Net Income 2016: -$72,6672016Revenue 2017: $195,604Expenses 2017: $287,501Net Income 2017: -$91,8972017Revenue 2018: $168,128Expenses 2018: $155,542Net Income 2018: $12,5862018Revenue 2019: $200,836Expenses 2019: $133,529Net Income 2019: $67,3072019Revenue 2020: $336,515Expenses 2020: $230,616Net Income 2020: $105,8992020Revenue 2021: $199,381Expenses 2021: $42,816Net Income 2021: $156,5652021Revenue 2022: $278,639Expenses 2022: $103,009Net Income 2022: $175,6302022Revenue 2023: $403,071Expenses 2023: $406,472Net Income 2023: -$3,4012023Revenue 2024: $532,353Expenses 2024: $281,979Net Income 2024: $250,3742024

Highlighted filing

2016

Revenue$106,498
Expenses$179,165
Net Income-$72,667
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 7, 2017
Return Version
2016v3.1
Gross Receipts
$106,498
Mission and Program Overview

Mission

The akc humane fund's mission is to unite a broad spectrum of animal lovers in promoting the joy and value of responsible pet ownership through education,outreach and grant-making.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$503,617$537,070▲ $33,453
Cash and Non-Interest-Bearing Accounts$66,086$10,378▼ $55,708
Accounts Receivable$50$715▲ $665
Savings and Temporary Cash Investments$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Land, Buildings, and Equipment, Net$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$569,753$548,163▼ $21,590
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$73,576$105,442▲ $31,866
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$73,576$105,442▲ $31,866
Net Assets / Fund Balance
Unrestricted Net Assets$496,177$442,721▼ $53,456
Permanently Rstr Net Assets$0$0→ $0
Temporarily Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$496,177$442,721▼ $53,456
Total Liabilities and Net Assets / Fund Balance$569,753$548,163▼ $21,590

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$202,541--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Doug LjungrenPresident
Gina DinardoDirector
Daphna StrausSecretary
Joseph BaffutoTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
none---
Revenue and Support

Revenue Composition

Contributions and Grants
$92,256
Program Service Revenue
$0
Investment Income
$14,242
Other Revenue
$0
All Other Contributions
$92,256
Change in Net Assets
$-72,667

Audited Revenue Reconciliation

Revenue per Audited Statements
$106,498
Revenue Not Reported on Form 990
$19,211
Total Revenue per Audited Statements
$125,709
Total Revenue per Form 990
$106,498
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$96,750
Other Expenses$48,062
Salaries, Compensation, and Employee Benefits$34,353
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$96,750--$96,750
Current Officers, Directors, Trustees, and Key Employees$30,237$367-$30,604
Fees for Services Management-$15,455-$15,455
Other Expenses$7,210--$7,210
Depreciation Depletion$2,432--$2,432
Office Expenses$1,665--$1,665
Payroll Taxes$1,612$20-$1,632
Other Salaries and Wages$1,230$15-$1,245
Pension Plan Contributions$862$10-$872
Total Functional Expenses$163,298$15,867$0$179,165

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$179,165
Total Expenses per Audited Statements$179,165
Total Expenses per Form 990$179,165
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
The Akc Humane Fund Inc
EIN
26-0542468
In Care Of
% JOSEPH V BAFFUTO JR
Phone
2126968200
Address
260 MADISON AVENUE Suite 4TH FL, NEW YORK, NY 10016

Signing Officer

Name
Doug Ljungren
Title
President
Phone
2126968200
Signed
2017-11-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Doug Ljungren
Formed
2007
Legal Domicile
Ny
Voting Board Members
4
Independent Board Members
0
Employees
0
Volunteers
0

Preparer

Firm
Kpmg Llp
Address
345 Park Avenue, New York, NY 10154-0102
Preparer
David M Highfill
Phone
2127589700
Supplemental Narrative

Additional Explanations

Awards & Scholarships

Form 990, part iii - program service, line 4c the akc humane fund gives certain awards and scholarships. Awards for canine excellence (ace) recognizes a dog that has performed some exemplary act, whether large or seemingly small, that has significantly benefited a community or individual. The george ward scholarship fund program was established to recognize and reward registered handler apprentice program (rhp) apprentices who are learning dog handling through working for an rhp member and are pursuing college-level education. This scholarship can be used for their course studies toward a college degree, business or veterinary courses in pursuit of becoming a professional dog handler.

Other Program Service Accomplishments

Form 990, part iii, line 4d the akc humane fund other program expenses serve those whose daily services to pets have been directly affected and interrupted by a natural disaster, such as clubs and animal hospitals.

Collection of Works of Art

Form 990, part iv, line 8 and schedule d, part xiii the akc humane fund maintains a collection and library of artwork. However, the fund does not record these collections as assets on the balance sheet. Purchases for the library's collection are expensed in the year in which the items are acquired. The items in the library are not circulated. The collections are held for public exhibition and educational and research purposes. Each of the items is preserved and cared for and maintenance activities are performed continuously. The collections are generally not sold. In the event of sale, the proceeds could be reinvested to acquire other items for collections.

Number of Employees

Form 990, part v, line 2a the akc humane fund inc. Had no employees employed through the reporting period ended december 31, 2016. However, all of the individuals reported on part vii are employed by and paid by american kennel club inc., a related entity. To accurately account for the expenses of the akc humane fund inc., compensation expense allocable to this entity from related entity, american kennel club inc., is reported on part ix, lines 5-10.

Board Review of Form 990

Form 990, part vi, line 11b the form 990 is prepared by an independent accounting firm based on information provided by the akc humane fund, inc. In consultation with its staff. The draft prepared by the accounting firm is then carefully reviewed by the akc's finance department, a related organization. The final version is then made available for the board of directors for review and comment prior to filing with the internal revenue service.

Compliance With Conflict of Interest Policy

Form 990, part vi, line 12c the akc humane fund, inc. Follows the conflict of interest policy of the american kennel club inc. ("the club"), a related organization. It is the policy of the club that all employees avoid any conflict between their interests and those of the club. The club expects all employees to support its mission, policies and programs and to conduct themselves in an ethical and appropriate manner in the performance of their job duties. In addition, every employee of the club has certain responsibilities regarding access to and disclosure of confidential information. The policy is reviewed and signed by all parties on an annual basis. Annual basis.

Compensation Review Process

Form 990, part vi, line 15a the akc humane fund inc. Follows the compensation policies of the american kennel club inc. ("the club"), a related organization. A component of the club's board approved executive compensation program is based upon review with external consultants of the club's overall performance in combination with the individual's performance. The program is administered and reviewed by the compensation committee of the club's board of directors and adheres to the conflict of interest policy. No board member with a conflict of interest is permitted to participate in the discussion or vote on the matter. The compensation review program includes review of the current marketplace environment and comparison to other organizations of similar size to ensure that compensation is reasonable in the context of market rates for comparable positions. Determination of compensation is documented contemporaneously in the club's records.

Available to the Public

Form 990, part vi, line 19 the akc humane fund, inc. Makes its governing documents, conflict of interest policy and financial statements available upon specific request.

Financial Statement Notes

Uncertain Tax Positions

Schedule d, part x, line 2 the fund is included in the consolidated audited financial statements of american kennel club inc. ("the club"), a related organization. The club follows the provisions of asc 740-10, income taxes - overall, relating to uncertainty in income taxes. For the club, asc 740-10 is primarily applicable to the incurrence of unrelated business income tax (ubit) attributable to certain of its investments. Asc 740-10 establishes a minimum threshold for financial statement recognition of the benefits position taken, or expected to be taken, in filing tax returns. It requires the evaluation of tax positions taken, or expected to be taken in the course of preparing the club's income tax returns to determine whether the tax positions are "more-likely than-not" of being sustained by the applicable tax authority. Tax positions not deemed to meet the "more-likely than-not" threshold are recorded as tax expense. There were no such tax positions for the year ended december 31, 2016.

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IRS990/ProgSrvcAccomActy2Grp/Desc0BREED SPECIFIC RESCUE THE AKC HUMANE FUND MAKES GRANTS TO BREED-SPECIFIC RESCUE ORGANIZATIONS TO HELP THEM RESCUE DOGS NATIONWIDE.
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IRS990/ProgSrvcAccomActy3Grp/Desc0AWARDS AND SCHOLARSHIPS - SEE SCHEDULE O
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IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt079644
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IRS990ScheduleA/InvestmentIncomeCYPct00.06752
IRS990ScheduleA/InvestmentIncomePYPct00.05794
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IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01179572
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IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt1166927
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt266103
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt3202541
IRS990ScheduleD/OtherSecuritiesGrp/Desc0ST INVESTMENTS-MONEY MARKET
IRS990ScheduleD/OtherSecuritiesGrp/Desc1LT LOOMIS SAYLES BOND FUND
IRS990ScheduleD/OtherSecuritiesGrp/Desc2LT PIMCO LOW DURATION
IRS990ScheduleD/OtherSecuritiesGrp/Desc3LT FPA CRESCENT FUND
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IRS990ScheduleD/SolicitedAssetsSaleInd0false
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0SCHEDULE D, PART X, LINE 2 THE FUND IS INCLUDED IN THE CONSOLIDATED AUDITED FINANCIAL STATEMENTS OF AMERICAN KENNEL CLUB INC. ("THE CLUB"), A RELATED ORGANIZATION. THE CLUB FOLLOWS THE PROVISIONS OF ASC 740-10, INCOME TAXES - OVERALL, RELATING TO UNCERTAINTY IN INCOME TAXES. FOR THE CLUB, ASC 740-10 IS PRIMARILY APPLICABLE TO THE INCURRENCE OF UNRELATED BUSINESS INCOME TAX (UBIT) ATTRIBUTABLE TO CERTAIN OF ITS INVESTMENTS. ASC 740-10 ESTABLISHES A MINIMUM THRESHOLD FOR FINANCIAL STATEMENT RECOGNITION OF THE BENEFITS POSITION TAKEN, OR EXPECTED TO BE TAKEN, IN FILING TAX RETURNS. IT REQUIRES THE EVALUATION OF TAX POSITIONS TAKEN, OR EXPECTED TO BE TAKEN IN THE COURSE OF PREPARING THE CLUB'S INCOME TAX RETURNS TO DETERMINE WHETHER THE TAX POSITIONS ARE "MORE-LIKELY THAN-NOT" OF BEING SUSTAINED BY THE APPLICABLE TAX AUTHORITY. TAX POSITIONS NOT DEEMED TO MEET THE "MORE-LIKELY THAN-NOT" THRESHOLD ARE RECORDED AS TAX EXPENSE. THERE WERE NO SUCH TAX POSITIONS FOR THE YEAR ENDED DECEMBER 31, 2016.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0UNCERTAIN TAX POSITIONS
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt3169066
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt021024

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.38$0.16$1.22$0.53$0.28$0.25
2023Detailed filing. Detailed filing data is available for this year.$1.25$0.19$1.06$0.40$0.41$0.00
2022Detailed filing. Detailed filing data is available for this year.$1.03$0.04$0.99$0.28$0.10$0.18
2021Detailed filing. Detailed filing data is available for this year.$0.85$0.02$0.84$0.20$0.04$0.16
2020Detailed filing. Detailed filing data is available for this year.$0.68$0.04$0.64$0.34$0.23$0.11
2019Detailed filing. Detailed filing data is available for this year.$0.63$0.12$0.51$0.20$0.13$0.07
2018Detailed filing. Detailed filing data is available for this year.$0.56$0.17$0.39$0.17$0.16$0.01
2017Detailed filing. Detailed filing data is available for this year.$0.54$0.17$0.37$0.20$0.29$0.09
2016Detailed filing. Detailed filing data is available for this year.$0.55$0.11$0.44$0.11$0.18$0.07
2015Detailed filing. Detailed filing data is available for this year.$0.57$0.07$0.50$0.15$0.28$0.13
2014Detailed filing. Detailed filing data is available for this year.$0.77$0.11$0.66$0.14$0.27$0.13
2013Detailed filing. Detailed filing data is available for this year.$0.84$0.05$0.79$0.31$0.24$0.07
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.72$0.03$0.70$0.19
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.53$0.02$0.52$0.12
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.41$0.00$0.41$0.18$0.07$0.11