Civic Intelligence

Laughing Eyes Kennels

990EZ • Fiscal year 2015 • EIN 26-1391996

Jan 01, 2015 to Dec 31, 2015 • Filed on May 12, 2016

201 Nogal Canyon RdNogal, NM 88341-9502

(575) 354-4342

Siviq Scores

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

Liabilities / Assets

93rd percentile

0.81x

Higher debt load relative to assets than 93% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Liabilities / Revenue

70th percentile

0.03x

Higher debt load relative to revenue than 70% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Net Margin

62nd percentile

9.3%

Higher net margin than 62% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Top Officer Pay

75th percentile

$0

Higher top officer pay than 75% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Asset Growth

3rd percentile

-84%

Faster asset growth than 3% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Revenue Growth

20th percentile

-25%

Faster revenue growth than 20% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Assets

Down

$664

Down $3,580 (-84%) from 2014

Net Assets

Up

$123

Up $1,982 (+107%) from 2014

Liabilities

Down

$541

Down $5,562 (-91%) from 2014

Revenue

Down

$21,348

Down $6,943 (-25%) from 2014

Expenses

Down

$19,366

Down $11,069 (-36%) from 2014

Net Income

Up

$1,982

Up $4,126 (+192%) from 2014

Historical Trend

Balance Sheet Trend

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

$30K$20K$10K$0-$10KAssets 2010: $25,199Liabilities 2010: $4,910Net Assets 2010: $20,2892010Assets 2011: $18,874Liabilities 2011: $10,283Net Assets 2011: $8,5912011Assets 2012: $13,524Liabilities 2012: $14,870Net Assets 2012: -$1,3462012Assets 2013: $13,476Liabilities 2013: $13,191Net Assets 2013: $2852013Assets 2014: $4,244Liabilities 2014: $6,103Net Assets 2014: -$1,8592014Assets 2015: $664Liabilities 2015: $541Net Assets 2015: $1232015Assets 2016: $0Net Assets 2016: $02016

Highlighted filing

2015

Assets$664
Liabilities$541
Net Assets$123

Operations Trend

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

$80K$60K$40K$20K$0-$20KRevenue 2010: $44,784Expenses 2010: $40,346Net Income 2010: $4,4382010Revenue 2011: $35,614Expenses 2011: $47,312Net Income 2011: -$11,6982011Revenue 2012: $52,582Expenses 2012: $62,519Net Income 2012: -$9,9372012Revenue 2013: $65,311Expenses 2013: $63,680Net Income 2013: $1,6312013Revenue 2014: $28,291Expenses 2014: $30,435Net Income 2014: -$2,1442014Revenue 2015: $21,348Expenses 2015: $19,366Net Income 2015: $1,9822015Revenue 2016: $1,243Expenses 2016: $1,366Net Income 2016: -$1232016

Highlighted filing

2015

Revenue$21,348
Expenses$19,366
Net Income$1,982
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
May 12, 2016
Return Version
2015v2.1
Gross Receipts
$22,220
Mission and Program Overview

Mission

Breed and train service dogs for the disabled. Educate public about training and handling of service dogs.

Program Services

DescriptionGrantsExpenses
IN 2015, LAUGHING EYES KENNELS DECIDED TO FOCUS ON WINDING UP OPERATIONS. THE ORGANIZATION PLACED ALL REMAINING DOGS DEEMED SUITABLE FOR THE DISABLED AND BEGAN DONATING ASSETS TO RELATED CHARITABLE ORGANIZATIONS. THE ORGANIZATION PLANS TO FINALIZE DISSOLUTION OF THE CORPORATION SOMETIME IN 2016. DURING 2015, THREE SERVICE DOGS WERE PLACED WITH LAUGHING EYES' DISABLED CLIENTS. LAUGHIN EYES ALSO MADE EDUCATIONAL PRESENTATIONS TO CHILDREN, AT LIBRARY AND LITERACY PROGRAMS, WHO WERE LEARNING ABOUT SERVICE ANIMALS. DURING THE YEAR, THREE DOGS WHO HAD RECEIVED EXTENSIVE TRAINING WERE DEEMED INSUFFICIENTLY STABLE FOR TEH DISABLED, AND THEREFORE WERE RELEASED FROM THE TRAINING PROGRAM. TWO OTHER DOGS WHO WERE DONATED RESCUES WERE TRAINED BRIEFLY AND THEN RELEASED AS UNSUITABLE FOR PLACEMENT WITH DISABLED PERSONS. THREE OF THESE FIVE DOGS WERE SOLD TO PET HOMES DURING 2015. AT THE END OF THE YEAR, TWO DOGS REMAINIED (ONE RELEASED TRAINEE AND ONE DONATED RESCUE) FOR WHICH LAUGHIN EYES WAS STILL SEEKING SUITABLE PET HOMES.-$16,460
DEPRECIATION ON ASSETS USED FOR ALL PROGRAM SERVICE ACTIVITIES-$979
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
TARYN MCCAINPres/Sec/Director-$0--
CHRIS LONGVice-Preside-$0--
GAIL HOVIOUSTreasurer/Di-$0--
MIKE BUDDDirector-$0--
ROB HOVIOUSDirector-$0--
Filing and Contact Details

Filer

Filer Name
Laughing Eyes Kennels
EIN
26-1391996
Address
201 NOGAL CANYON RD, NOGAL, NM 88341-9502

Signing Officer

Name
Taryn Mccain
Title
Pres/sec/Director
Phone
5753544342
Signed
2016-05-12
Discuss with paid preparer
Yes

Preparer

Firm
Phyllis M Bewley CPA Pc
Address
445 MECHEM, RUIDOSO, NM 88345
Preparer
Phyllis M Bewley CPA
Phone
5752575182
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

Expenses advertising 287 insurance 2,056 bank service charge 52 contract service 315 dog food, etc 1,880 interest expense-cc 690 shipping-dog 447 supplies 95 telephone 1,299 vet 697 vehicle expense 1,683 non-investment depreciation 979 total 10,480

Form 990-ez, Part II, Line 24

Accounts receivable 700 250 depreciable assets 21,095 1,539 less accumulated depreciation 19,340 1,299 donated grooming table 336 0 total 2,791 490

Form 990-ez, Part II, Line 26

Accounts payable and accrued expenses 6,103 541

Form 990-ez, Part III

Breed and train service dogs for the disabled. Educate public about training and handling of service dogs.

Form 990-ez, Part III, Line 28

In 2015, laughing eyes kennels decided to focus on winding up operations. The organization placed all remaining dogs deemed suitable for the disabled and began donating assets to related charitable organizations. The organization plans to finalize dissolution of the corporation sometime in 2016. During 2015, three service dogs were placed with laughing eyes' disabled clients. Laughin eyes also made educational presentations to children, at library and literacy programs, who were learning about service animals. During the year, three dogs who had received extensive training were deemed insufficiently stable for teh disabled, and therefore were released from the training program. Two other dogs who were donated rescues were trained briefly and then released as unsuitable for placement with disabled persons. Three of these five dogs were sold to pet homes during 2015. At the end of the year, two dogs remainied (one released trainee and one donated rescue) for which laughin eyes was still seeking suitable pet homes.

Form 990-ez, Part III, Line 31

Depreciation on assets used for all program service activities

Raw XML Appendix160 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990EZ/ProgramServiceRevenueAmt05800
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0IN 2015, LAUGHING EYES KENNELS DECIDED TO FOCUS ON WINDING UP OPERATIONS. THE ORGANIZATION PLACED ALL REMAINING DOGS DEEMED SUITABLE FOR THE DISABLED AND BEGAN DONATING ASSETS TO RELATED CHARITABLE ORGANIZATIONS. THE ORGANIZATION PLANS TO FINALIZE DISSOLUTION OF THE CORPORATION SOMETIME IN 2016. DURING 2015, THREE SERVICE DOGS WERE PLACED WITH LAUGHING EYES' DISABLED CLIENTS. LAUGHIN EYES ALSO MADE EDUCATIONAL PRESENTATIONS TO CHILDREN, AT LIBRARY AND LITERACY PROGRAMS, WHO WERE LEARNING ABOUT SERVICE ANIMALS. DURING THE YEAR, THREE DOGS WHO HAD RECEIVED EXTENSIVE TRAINING WERE DEEMED INSUFFICIENTLY STABLE FOR TEH DISABLED, AND THEREFORE WERE RELEASED FROM THE TRAINING PROGRAM. TWO OTHER DOGS WHO WERE DONATED RESCUES WERE TRAINED BRIEFLY AND THEN RELEASED AS UNSUITABLE FOR PLACEMENT WITH DISABLED PERSONS. THREE OF THESE FIVE DOGS WERE SOLD TO PET HOMES DURING 2015. AT THE END OF THE YEAR, TWO DOGS REMAINIED (ONE RELEASED TRAINEE AND ONE DONATED RESCUE) FOR WHICH LAUGHIN EYES WAS STILL SEEKING SUITABLE PET HOMES.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES ADVERTISING 287 INSURANCE 2,056 BANK SERVICE CHARGE 52 CONTRACT SERVICE 315 DOG FOOD, ETC 1,880 INTEREST EXPENSE-CC 690 SHIPPING-DOG 447 SUPPLIES 95 TELEPHONE 1,299 VET 697 VEHICLE EXPENSE 1,683 NON-INVESTMENT DEPRECIATION 979 TOTAL 10,480
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ACCOUNTS RECEIVABLE 700 250 DEPRECIABLE ASSETS 21,095 1,539 LESS ACCUMULATED DEPRECIATION 19,340 1,299 DONATED GROOMING TABLE 336 0 TOTAL 2,791 490
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ACCOUNTS PAYABLE AND ACCRUED EXPENSES 6,103 541
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3BREED AND TRAIN SERVICE DOGS FOR THE DISABLED. EDUCATE PUBLIC ABOUT TRAINING AND HANDLING OF SERVICE DOGS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4IN 2015, LAUGHING EYES KENNELS DECIDED TO FOCUS ON WINDING UP OPERATIONS. THE ORGANIZATION PLACED ALL REMAINING DOGS DEEMED SUITABLE FOR THE DISABLED AND BEGAN DONATING ASSETS TO RELATED CHARITABLE ORGANIZATIONS. THE ORGANIZATION PLANS TO FINALIZE DISSOLUTION OF THE CORPORATION SOMETIME IN 2016. DURING 2015, THREE SERVICE DOGS WERE PLACED WITH LAUGHING EYES' DISABLED CLIENTS. LAUGHIN EYES ALSO MADE EDUCATIONAL PRESENTATIONS TO CHILDREN, AT LIBRARY AND LITERACY PROGRAMS, WHO WERE LEARNING ABOUT SERVICE ANIMALS. DURING THE YEAR, THREE DOGS WHO HAD RECEIVED EXTENSIVE TRAINING WERE DEEMED INSUFFICIENTLY STABLE FOR TEH DISABLED, AND THEREFORE WERE RELEASED FROM THE TRAINING PROGRAM. TWO OTHER DOGS WHO WERE DONATED RESCUES WERE TRAINED BRIEFLY AND THEN RELEASED AS UNSUITABLE FOR PLACEMENT WITH DISABLED PERSONS. THREE OF THESE FIVE DOGS WERE SOLD TO PET HOMES DURING 2015. AT THE END OF THE YEAR, TWO DOGS REMAINIED (ONE RELEASED TRAINEE AND ONE DONATED RESCUE) FOR WHICH LAUGHIN EYES WAS STILL SEEKING SUITABLE PET HOMES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5DEPRECIATION ON ASSETS USED FOR ALL PROGRAM SERVICE ACTIVITIES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART II, LINE 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990-EZ, PART III, LINE 28
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990-EZ, PART III, LINE 31
ReturnHeader/BuildTS02016-09-27 15:27:22Z
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ReturnHeader/Filer/EIN0261391996
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ReturnHeader/PreparerPersonGrp/PreparationDt02016-05-12
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0PHYLLIS M BEWLEY CPA
ReturnHeader/ReturnTs02016-05-12T16:24:00-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02015-01-01
ReturnHeader/TaxPeriodEndDt02015-12-31
ReturnHeader/TaxYr02015

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