Civic Intelligence

Pet Refuge Inc.

990 • Fiscal year 2019 • EIN 31-0936469

May 01, 2018 to Apr 30, 2019 • Filed on Aug 16, 2019

4626 S Burnett DriveSouth Bend, IN 46614

(574) 231-1122

Siviq Scores

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

Liabilities / Assets

49th percentile

0.07x

Higher debt load relative to assets than 49% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

64th percentile

0.18x

Higher debt load relative to revenue than 64% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

48th percentile

2.4%

Higher net margin than 48% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

36th percentile

$0

Higher top officer pay than 36% of similar nonprofits.

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

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

32nd percentile

-1.8%

Faster asset growth than 32% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

17th percentile

-16%

Faster revenue growth than 17% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Down

$3,067,995

Down $57,067 (-1.8%) from 2018

Net Assets

Up

$2,840,184

Up $30,620 (+1.1%) from 2018

Liabilities

Down

$227,811

Down $87,687 (-28%) from 2018

Revenue

Down

$1,256,341

Down $234,527 (-16%) from 2018

Expenses

Down

$1,226,312

Down $21,970 (-1.8%) from 2018

Net Income

Down

$30,029

Down $212,557 (-88%) from 2018

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2016: $2,803,389Liabilities 2016: $382,655Net Assets 2016: $2,420,7342016Assets 2017: $2,923,181Liabilities 2017: $373,136Net Assets 2017: $2,550,0452017Assets 2018: $3,125,062Liabilities 2018: $315,498Net Assets 2018: $2,809,5642018Assets 2019: $3,067,995Liabilities 2019: $227,811Net Assets 2019: $2,840,1842019Assets 2020: $3,204,337Liabilities 2020: $204,895Net Assets 2020: $2,999,4422020Assets 2021: $3,630,695Liabilities 2021: $156,734Net Assets 2021: $3,473,9612021Assets 2022: $3,548,314Liabilities 2022: $32,106Net Assets 2022: $3,516,2082022Assets 2023: $3,609,824Liabilities 2023: $26,473Net Assets 2023: $3,583,3512023Assets 2024: $4,192,292Liabilities 2024: $60,110Net Assets 2024: $4,132,1822024Assets 2025: $4,635,839Liabilities 2025: $29,357Net Assets 2025: $4,606,4822025

Highlighted filing

2019

Assets$3,067,995
Liabilities$227,811
Net Assets$2,840,184

Operations Trend

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

$3.0M$2.0M$1.0M$0Revenue 2016: $1,457,307Expenses 2016: $1,178,007Net Income 2016: $279,3002016Revenue 2017: $1,401,884Expenses 2017: $1,279,835Net Income 2017: $122,0492017Revenue 2018: $1,490,868Expenses 2018: $1,248,282Net Income 2018: $242,5862018Revenue 2019: $1,256,341Expenses 2019: $1,226,312Net Income 2019: $30,0292019Revenue 2020: $1,493,554Expenses 2020: $1,317,298Net Income 2020: $176,2562020Revenue 2021: $1,857,074Expenses 2021: $1,395,366Net Income 2021: $461,7082021Revenue 2022: $1,612,300Expenses 2022: $1,525,207Net Income 2022: $87,0932022Revenue 2023: $1,715,449Expenses 2023: $1,652,810Net Income 2023: $62,6392023Revenue 2024: $2,216,785Expenses 2024: $1,707,825Net Income 2024: $508,9602024Revenue 2025: $2,311,532Expenses 2025: $1,880,644Net Income 2025: $430,8882025

Highlighted filing

2019

Revenue$1,256,341
Expenses$1,226,312
Net Income$30,029
Jump To
Filing Snapshot
Filing Period
May 1, 2018 to Apr 30, 2019
Signed
Aug 16, 2019
Return Version
2018v3.1
Gross Receipts
$1,269,076
Mission and Program Overview

Mission

Primary mission is to place unwanted animals in adoptive homes. Secondary mission is to perform low-cost spay and neuter surgeries for pets in the community. We also educate the community on preventitive care of animals.

Primary mission is to place unwanted animals in adoptive homes. Secondary mission is to perform low-cost spay and neuter surgeries for pets in the community. We also educate the community on preventive care of animals.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,599,805$1,539,199▼ $60,606
Savings and Temporary Cash Investments$921,306$910,915▼ $10,391
Investments in Publicly Traded Securities$299,984$311,956▲ $11,972
Cash and Non-Interest-Bearing Accounts$218,646$232,040▲ $13,394
Accounts Receivable$33,511$28,610▼ $4,901
Prepaid Expenses and Deferred Charges$20,741$13,591▼ $7,150
Inventories for Sale or Use$2,249$1,745▼ $504
Total Assets$3,125,062$3,067,995▼ $57,067
Other Assets Total$28,820$29,939▲ $1,119
Liabilities
Mortgage Notes Payable Secured by Investment Property$263,511$187,463▼ $76,048
Accounts Payable and Accrued Expenses$51,987$40,348▼ $11,639
Total Liabilities$315,498$227,811▼ $87,687
Net Assets / Fund Balance
Unrestricted Net Assets$2,791,341$2,805,714▲ $14,373
Temporarily Rstr Net Assets$18,223$34,470▲ $16,247
Total Net Assets Fund Balance$2,809,564$2,840,184▲ $30,620
Total Liabilities and Net Assets / Fund Balance$3,125,062$3,067,995▼ $57,067

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,375,017$378,438$1,753,455
Equipment$145,612$93,510$239,122
Land$18,570-$18,570

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2018$27,942-▲ $1,800$681$29,061
2017$27,561-▲ $1,051$670$27,942
2016$25,620-▲ $1,941-$27,561
2015$0$25,000▲ $620-$25,620
Compensation and Service Providers

Board Members and Trustees

NameTitle
Kirk SahaChair (part year)
Pam ComerPresident (part year)
Sherry TehraniVice Chair (part year)
Nancy WhitemanVice President (part year)
Aliceann O'BryantDirector
Angela WrightDirector
Angie PritchardDirector
Bonnie RichardsonDirector
Brad FausDirector
Dawn BraniffDirector
Dawn KellerDirector
Jenn SargentDirector
Kathleen MurphyDirector
Ken ActonDirector
Kristina SwartzDirector
Megan VargaDirector
Michelle BeckDirector
Molly AshermanDirector
Nicole BailyDirector
Pam BalintDirector
Paula FaddenDirector
Kelly WatsonSecretary (part year)
Jessie MaloneTreasurer (part year)
Revenue and Support

Revenue Composition

Contributions and Grants
$443,737
Program Service Revenue
$772,290
Investment Income
$17,013
Other Revenue
$23,301
All Other Contributions
$344,054
Change in Net Assets
$30,029

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,236,391
Revenue Not Reported on Financial Statements
$19,950
Revenue Not Reported on Form 990
$13,326
Other Revenue Adjustments
$16,124
Total Revenue per Audited Statements
$1,249,717
Total Revenue per Form 990
$1,256,341
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$759,506
Salaries, Compensation, and Employee Benefits$466,806
Total Fundraising Expense$50,639
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$366,097$48,509$0$414,606
Depreciation Depletion$81,507$0$0$81,507
Occupancy$56,672$0$0$56,672
All Other Expenses$31,668$21,050$0$52,718
Other Expenses$0$0$42,492$42,492
Payroll Taxes$29,636$3,926$0$33,562
Advertising$24,173$595$8,147$32,915
Insurance$23,677$3,723$0$27,400
Office Expenses$0$19,442$0$19,442
Other Employee Benefits$16,457$2,181$0$18,638
Interest$9,731$0$0$9,731
Fees for Services Accounting$0$9,600$0$9,600
Fees for Service Investment Mgmnt Fees$0$3,826$0$3,826
Fees for Services Other$530$70$0$600
Total Functional Expenses$1,062,751$112,922$50,639$1,226,312

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$1,226,312
Total Expenses per Audited Statements$1,219,097
Expenses per Audited Statements$1,206,362
Expenses Not Reported on Financial Statements$19,950
Other Expense Adjustments$16,124
Expenses Not Reported on Form 990$12,735
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Auction$60,197$0$20,708$-20,708
Store sales$6,223$0$4,282$-4,282
Total Events$77,445$0$39,185$-39,185
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Pet Refuge Inc
EIN
31-0936469
Phone
5742311122
Address
4626 S Burnett Drive, South Bend, IN 46614

Signing Officer

Name
Kirk Saha
Title
Chairman
Phone
5742311122
Signed
2019-08-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kirk Saha
Formed
1978
Legal Domicile
In
Voting Board Members
9
Independent Board Members
9
Employees
21
Volunteers
150

Preparer

Firm
CULLAR & ASSOCIATES PC CPA'S
Address
218 W WASHINGTON ST SUITE 300, SOUTH BEND, IN 46601
Preparer
Richard J Cullar CPA
Phone
5742888320
Supplemental Narrative

Additional Explanations

Pt VI, Line 6

The Organization has one class of members. Members have only the rights to vote upon the Board of Directors and on any other significant matters. Members have no rights to distributions of earnings or of net assets.

Pt VI, Line 7A

The Organization's one class of members has the right to vote upon the Board of Directors.

Pt VI, Line 11B

The entire Board of Directors was provided a complete copy of Form 990 prior to the February 2020 Board meeting, at which it was reviewed with the preparer and then approved for filing.

Pt VI, Line 12C

The Organization requires Board members to sign an ackowledgement of the conflict of interest policy annually and to disclose any such conflicts. Members with a conflict of interest are prohibited from participating in the discussion of the related matter and from voting on it.

Pt VI, Line 15A

This question is answered "no" because there are no paid officers or other key employees.

Pt VI, Line 15B

This question is answered "no" because this no paid top management official.

Pt VI, Line 19

The Organization provides a copy of its governing documents and financial statements to members of the public upon request. However, the Organization does not have a conflict of interest policy.

Pt XI

Line 9. Other changes in net assets of $1,119 represents the change in value of the beneficial interest in assets held by Community Foundation of St. Joseph County, Inc.

Form 990, Part IX, Line 24E

Repairs and maintenance 7891. 7891. 0. 0.

Form 990, Part IX, Line 24E

Equipment expenses 2842. 2842. 0. 0.

Form 990, Part IX, Line 24E

Other 7486. 7486. 0. 0.

Form 990, Part IX, Line 24E

Training 1212. 1070. 142. 0.

Form 990, Part IX, Line 24E

Continuing education 2313. 2042. 271. 0.

Form 990, Part IX, Line 24E

Bank & transaction fees 19268. 0. 19268. 0.

Form 990, Part IX, Line 24E

Other personnel 2264. 1999. 265. 0.

Form 990, Part IX, Line 24E

Recruiting 9442. 8338. 1104. 0.

Financial Statement Notes

Pt V, Line 4

Income from the Organization's endowment, which is held by the Community Foundation of st. Joseph County, Inc., is to used to provide support for the Organization's spay and neuter and adoption programs.

Pt XI, Line 2D

Increase in value of beneficial interest in assets held by Community Foundation of St. Joseph County, Inc. of $1,119, and cost of goods sold of $12,735.

Pt XI, Line 4B

Cost of direct benefits to donors of $16,124.

Pt XII, Line 2D

Cost of goods sold of $12,735.

Pt XII, Line 4B

Cost of direct benefits to donors of $16,124.

Pt X, Line 2

We recognize the tax benefit from an uncertain tax position only if it is more likely than not that the position will be sustained on examination by taxing authorities based on the technical merits of the position. The tax benefits recognized in the financial statements from such a position are measured based on the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement. Examples of tax positions include our tax-exempt status and positions related to the potential sources of unrelated business taxable income. We have not identified any uncertain tax positions taken or expected to be taken in a tax return, and there are no unrecognized tax benefits recorded as liabilities in the accompanying financial statements. We classify interest and penalties, if any, associated with uncertain tax positions as a component of income tax expense, and there was no accrued interest or any penalties related to unrecognized tax benefits at either April 30, 2019 or 2018, or any interest or penalties expense related to unrecognized tax benefits for the years then ended. We are no longer subject to examination by the Internal Revenue Service or the State of Indiana for years prior to April 30, 2016.

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IRS990/Form990PartVIISectionAGrp/PersonNm19Sherry Tehrani
IRS990/Form990PartVIISectionAGrp/PersonNm20Nancy Whiteman
IRS990/Form990PartVIISectionAGrp/PersonNm21Kelly Watson
IRS990/Form990PartVIISectionAGrp/PersonNm22Jessie Malone
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