Civic Intelligence

Petopia Inc.

990 • Fiscal year 2023 • EIN 86-2792692

Jan 01, 2023 to Dec 31, 2023 • Filed on Aug 20, 2024

111 Winsome LaneChapel Hill, NC 27516

(520) 721-5000

Siviq Scores

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

Liabilities / Assets

26th percentile

0.00x

Higher debt load relative to assets than 26% of similar nonprofits.

2023 filings • NTEE D • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

55th percentile

0.05x

Higher debt load relative to revenue than 55% of similar nonprofits.

2023 filings • NTEE D • $1M-$5M nonprofits • Source year 2023

Net Margin

3rd percentile

-135%

Higher net margin than 3% of similar nonprofits.

2023 filings • NTEE D • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

48th percentile

$0

Higher top officer pay than 48% of similar nonprofits.

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

2023 filings • NTEE D • $1M-$5M nonprofits • Source year 2023

Asset Growth

16th percentile

-5.6%

Faster asset growth than 16% of similar nonprofits.

2023 filings • NTEE D • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

4th percentile

-75%

Faster revenue growth than 4% of similar nonprofits.

2023 filings • NTEE D • $1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Down

$2,459,744

Down $144,592 (-5.6%) from 2022

Net Assets

Down

$2,454,882

Down $141,735 (-5.5%) from 2022

Liabilities

Down

$4,862

Down $2,857 (-37%) from 2022

Revenue

Down

$104,741

Down $309,183 (-75%) from 2022

Expenses

Down

$246,476

Down $57,128 (-19%) from 2022

Net Income

Down

-$141,735

Down $252,055 (-228%) from 2022

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2021: $2,486,297Liabilities 2021: $0Net Assets 2021: $2,486,2972021Assets 2022: $2,604,336Liabilities 2022: $7,719Net Assets 2022: $2,596,6172022Assets 2023: $2,459,744Liabilities 2023: $4,862Net Assets 2023: $2,454,8822023Assets 2024: $2,210,115Liabilities 2024: $0Net Assets 2024: $2,210,1152024

Highlighted filing

2023

Assets$2,459,744
Liabilities$4,862
Net Assets$2,454,882

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2021: $2,486,297Expenses 2021: $0Net Income 2021: $2,486,2972021Revenue 2022: $413,924Expenses 2022: $303,604Net Income 2022: $110,3202022Revenue 2023: $104,741Expenses 2023: $246,476Net Income 2023: -$141,7352023Revenue 2024: $86,679Expenses 2024: $331,446Net Income 2024: -$244,7672024

Highlighted filing

2023

Revenue$104,741
Expenses$246,476
Net Income-$141,735
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Aug 20, 2024
Return Version
2023v5.1
Gross Receipts
$104,741
Mission and Program Overview

Mission

Health for EEveryone, Everything, Everywhere, Everyday! See Schedule 0.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$1,308,979$1,790,583▲ $481,604
Pledges and Grants Receivable$1,143,497$460,000▼ $683,497
Cash and Non-Interest-Bearing Accounts$148,873$207,789▲ $58,916
Prepaid Expenses and Deferred Charges$2,987$1,372▼ $1,615
Total Assets$2,604,336$2,459,744▼ $144,592
Liabilities
Accounts Payable and Accrued Expenses$7,719$4,862▼ $2,857
Total Liabilities$7,719$4,862▼ $2,857
Net Assets / Fund Balance
Net Assets With Donor Restrictions$2,574,432$2,399,312▼ $175,120
Net Assets Without Donor Restrictions$22,185$55,570▲ $33,385
Total Net Assets Fund Balance$2,596,617$2,454,882▼ $141,735
Total Liabilities and Net Assets / Fund Balance$2,604,336$2,459,744▼ $144,592
Compensation and Service Providers

Board Members and Trustees

NameTitle
Elizabeth SaulPresident
Samuel SaintongeSecretary
John BooneTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$35,136
Program Service Revenue
$0
Investment Income
$69,605
Other Revenue
$0
All Other Contributions
$35,136
Change in Net Assets
$-141,735

Audited Revenue Reconciliation

Revenue per Audited Statements
$104,741
Total Revenue per Audited Statements
$104,741
Total Revenue per Form 990
$104,741
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$215,003
Salaries, Compensation, and Employee Benefits$31,473
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$157,742--$157,742
Other Salaries and Wages$21,825$7,275-$29,100
Fees for Services Accounting-$21,382-$21,382
Travel$8,315--$8,315
Office Expenses$2,120$1,413-$3,533
Payroll Taxes$1,779$594-$2,373
Insurance$609$1,131-$1,740
All Other Expenses$499$499-$998
Other Expenses$64--$64
Total Functional Expenses$214,182$32,294$0$246,476

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$246,476
Total Expenses per Audited Statements$246,476
Total Expenses per Form 990$246,476
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Elizabeth SaulPresidentProgram managementNo$138,542
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
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

Governance Explanations

Form 990 governing body review Part VI line 11

The draft 990 will be emailed to all three board members providing them with the opportunity to ask questions, review and approve before it is finalized and submitted.

Conflict of interest policy compliance Part VI line 12C

The Board of Directors regularly and consistently monitors and enforces compliance with the conflict-of-interest policy by reviewing annual statements and taking such other actions as are necessary for effective oversight.

Form 990 availability to public Part VI line 18

The Form 990 is available to the public upon request.

Governing documents etc available to public Part VI line 19

Financial documents will be listed on the Petopia.org website as well as available by request to send via email. Other documents will be provided to each state during the state registration process and can be found on each states charity websites and will also be available upon request.

Filing and Contact Details

Filer

Filer Name
Petopia Inc
EIN
86-2792692
Address
111 Winsome Lane, Chapel Hill, NC 27516

Signing Officer

Name
Elizabeth Saul
Title
President
Signed
2024-08-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Elizabeth Saul
Formed
2021
Legal Domicile
Nc
Voting Board Members
3
Independent Board Members
2
Employees
2

Preparer

Firm
Jennifer J Phillips CPA PLLC
Address
4911 N Camino Luz, Tucson, AZ 85718
Preparer
Jennifer J Phillips
Phone
5202477087
Supplemental Narrative

Additional Explanations

List of other fees for services expenses Part IX line 11G

Other fees include contracted program management, vaccine services and independent contractors (labor).

General explanation attachment

Part 3 Line 1 Exempt Purpose:We endeavor to promote community health by supporting healthy connections between humans, animals and environment and to reduce animal suffering by providing for access to veterinary care, promoting animal welfare and preserving open space through direct support, demonstration research, projects, marketing, and support services. Statement of Program Accomplishments:Community Vaccination EventsPetopia held quarterly community vaccination events in NC throughout 2023. These events provided free vaccines to dogs and cats in low-income communities. With the assistance of Petco Love, who provided the vaccines for the events we were able to vaccinate over 4,000 pets! Internal Access to Care Our goal of providing quality veterinary care regardless of income doesnt just stop in the US. In 2023 we helped vaccinate and provide other medical care to animals in the Dominican Republic through our partner vet provider Heal. Farm Animal Sanctuary2023 was a busy year on the farm. We rescued a new pig and a new horse as well as two new chickens and a new dog. All will live out their days comfortably and well cared for at our animal sanctuary located in NC.Reno Care Desert Impact PracticeDr. Sarah Wilson has been actively building her house-call vet practice and has helped many pets with veterinary care in lower income communities. She is the first vet to be on-boarded through our partnership with the Duffield Foundation in an effort to bring more vets to Reno, NV an identified veterinary care desert. Her practice serves all of Reno with a particular focus on low-income communities.

Financial Statement Notes

Footnote for uncertain tax position under FIN 48 (Part X)

Management of Petopia considers the likelihood of changes by taxing authorities in its filed tax returns and recognizes a liability for or discloses potential significant changes if management believes it is more likely than not for a change to occur, including changes to the organizations status as a not-for-profit entity. Management believes that Petopia met the requirements to maintain its tax-exempt status and has no income subject to unrelated business income tax, therefore, no provision for income taxes has been provided in these financial statements.

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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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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Management of Petopia considers the likelihood of changes by taxing authorities in its filed tax returns and recognizes a liability for or discloses potential significant changes if management believes it is more likely than not for a change to occur, including changes to the organizations status as a not-for-profit entity. Management believes that Petopia met the requirements to maintain its tax-exempt status and has no income subject to unrelated business income tax, therefore, no provision for income taxes has been provided in these financial statements.
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IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt0During the year December 31, 2022, Petopia entered into a contract with Two Hound Dogs, LLC, ( the LLC) a company partly owned by Elizabeth Saul. Pursuant to the terms of the agreement, the LLC provides operational, management and oversight support foraccess-to-care initiatives and other activities supporting independent veterinarians providing access-to-care in vulnerable communities. The contract may be terminated byeither party upon 90 days prior written notice.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The draft 990 will be emailed to all three board members providing them with the opportunity to ask questions, review and approve before it is finalized and submitted.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Board of Directors regularly and consistently monitors and enforces compliance with the conflict-of-interest policy by reviewing annual statements and taking such other actions as are necessary for effective oversight.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Form 990 is available to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Financial documents will be listed on the Petopia.org website as well as available by request to send via email. Other documents will be provided to each state during the state registration process and can be found on each states charity websites and will also be available upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Other fees include contracted program management, vaccine services and independent contractors (labor).
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Part 3 Line 1 Exempt Purpose:We endeavor to promote community health by supporting healthy connections between humans, animals and environment and to reduce animal suffering by providing for access to veterinary care, promoting animal welfare and preserving open space through direct support, demonstration research, projects, marketing, and support services. Statement of Program Accomplishments:Community Vaccination EventsPetopia held quarterly community vaccination events in NC throughout 2023. These events provided free vaccines to dogs and cats in low-income communities. With the assistance of Petco Love, who provided the vaccines for the events we were able to vaccinate over 4,000 pets! Internal Access to Care Our goal of providing quality veterinary care regardless of income doesnt just stop in the US. In 2023 we helped vaccinate and provide other medical care to animals in the Dominican Republic through our partner vet provider Heal. Farm Animal Sanctuary2023 was a busy year on the farm. We rescued a new pig and a new horse as well as two new chickens and a new dog. All will live out their days comfortably and well cared for at our animal sanctuary located in NC.Reno Care Desert Impact PracticeDr. Sarah Wilson has been actively building her house-call vet practice and has helped many pets with veterinary care in lower income communities. She is the first vet to be on-boarded through our partnership with the Duffield Foundation in an effort to bring more vets to Reno, NV an identified veterinary care desert. Her practice serves all of Reno with a particular focus on low-income communities.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990 availability to public Part VI line 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4List of other fees for services expenses Part IX line 11g
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5General explanation attachment
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ReturnHeader/BuildTS02024-08-08 14:25:15Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Elizabeth Saul
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-08-20
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Petopia Inc
ReturnHeader/Filer/BusinessNameControlTxt0PETO
ReturnHeader/Filer/EIN0862792692
ReturnHeader/Filer/USAddress/AddressLine1Txt0111 Winsome Lane
ReturnHeader/Filer/USAddress/CityNm0Chapel Hill
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Jennifer J Phillips CPA PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt04911 N Camino Luz
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Tucson
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0AZ
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd085718
ReturnHeader/PreparerPersonGrp/PhoneNum05202477087
ReturnHeader/PreparerPersonGrp/PreparationDt02024-08-20
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Jennifer J Phillips
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02024-08-20T19:57:52-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

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