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Nonprofiteer
← WORLD PET ASSOCIATION INC

Form 990 for tax year 2023

Filed by WORLD PET ASSOCIATION INC.

Totals

Total revenue
$14,296,726
Total expenses
$11,029,549
Contributions and grants received
$112,000
Grants paid
$1,279,492
Program service revenue
$13,456,765
Investment income
$727,961
Other revenue
$0
Total assets, end of year
$21,899,085
Total liabilities, end of year
$4,877,730
Net assets or fund balances, end of year
$17,021,355
Program services expenses (Part IX)
$9,201,856
Management and general expenses
$1,451,493
Fundraising expenses
$0
Program service expenses (Part III)
$9,201,856

Program services were 83.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $112,000

  • 2a · Program service revenue: Membership Dues

    total $317,000 · excluded $317,000

  • 2b · Program service revenue: Misc & Education Programs

    total $42,780 · excluded $42,780

  • 2c · Program service revenue: Trade Show

    total $13,096,985 · excluded $13,096,985

  • 3 · Investment income

    total $646,397 · excluded $646,397

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6d · Net rental income or loss

    total $0

  • 7a · Gross sales of assets other than inventory

    securities $530,274 · other assets $104,150

  • 7b · Less cost or other basis and sales expenses

    securities $552,860

  • 7c · Gain or loss

    securities -$22,586 · other assets $104,150

  • 7d · Net gain or loss

    total $81,564 · related or exempt $81,564

  • 8c · Net income from fundraising events

    total $0

  • 9c · Net income from gaming

    total $0

  • 10c · Net income from sales of inventory

    total $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,279,492 · program services $1,279,492

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $376,200

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $1,753,296 · program services $1,483,288 · management and general $270,008

  • 8 · Pension plan contributions

    total $83,964 · program services $71,034 · management and general $12,930

  • 9 · Other employee benefits

    total $120,318 · program services $101,789 · management and general $18,529

  • 10 · Payroll taxes

    total $147,778 · program services $125,020 · management and general $22,758

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $61,400 · program services $51,944 · management and general $9,456

  • 11c · Fees: accounting

    total $36,408 · program services $30,801 · management and general $5,607

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $51,157 · program services $43,279 · management and general $7,878

  • 11g · Fees: other

    total $699,544 · program services $591,815 · management and general $107,729

  • 12 · Advertising and promotion

    total $381,464 · program services $322,719 · management and general $58,745

  • 13 · Office expenses

    total $35,833 · program services $30,315 · management and general $5,518

  • 14 · Information technology

    total $1,010,333 · program services $854,742 · management and general $155,591

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $34,445 · program services $29,140 · management and general $5,305

  • 17 · Travel

    total $108,416 · program services $91,720 · management and general $16,696

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $236,033 · program services $199,684 · management and general $36,349

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $11,476 · program services $9,709 · management and general $1,767

  • 23 · Insurance

    total $35,837 · program services $30,318 · management and general $5,519

  • 24a · Other expenses: Superzoo Trade Show

    total $3,929,717 · program services $3,324,541 · management and general $605,176

  • 24b · Other expenses: Groom D

    total $487,070 · program services $412,061 · management and general $75,009

  • 24c · Other expenses: WPA365

    total $74,500 · program services $63,027 · management and general $11,473

  • 24d · Other expenses: Telephone

    total $37,301 · program services $31,557 · management and general $5,744

  • 24e · All other expenses

    total $37,567 · program services $23,861 · management and general $13,706

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $5,138,247 · end of year $282,453

  • 2 · Savings and temporary cash investments

    beginning of year $337,101 · end of year $8,918,526

  • 3 · Pledges and grants receivable

    end of year $0

  • 4 · Accounts receivable

    beginning of year $1,500 · end of year $0

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    end of year $0

  • 8 · Inventories for sale or use

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $871,737 · end of year $1,176,261

  • 10a · Land, buildings and equipment: cost or other basis

    $255,139

  • 10b · Land, buildings and equipment: accumulated depreciation

    $221,862

  • 10c · Land, buildings and equipment, net

    beginning of year $30,366 · end of year $33,277

  • 11 · Investments: publicly traded securities

    beginning of year $9,763,850 · end of year $11,475,264

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    beginning of year $14,635 · end of year $13,304

  • 15 · Other assets

    end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $342,238 · end of year $225,664

  • 19 · Deferred revenue

    beginning of year $3,276,509 · end of year $4,591,917

  • 25 · Other liabilities

    beginning of year $39,931 · end of year $60,149

  • 27 · Net assets without donor restrictions

    beginning of year $12,498,758 · end of year $17,021,355

Mission and programs · 2023

Mission

Pet Industry Trade Association

  • Trade shows are organized for the purpose of information exchange, product display, education, and communications in the pet industry. These events include educational programs to help inform the industry, related industries, and the public about pet related issues.

    Expenses $9,110,189 · Grants $1,279,492 · Revenue $13,096,985

  • Dues paid by member organizations, businesses and individuals to gain access to the organizatons educational programs, trade shows and participation in other pet industry related activities.

    Expenses $80,767 · Revenue $317,000

  • Educational Programs conducted for the benefit of members, related to the betterment of the conditions and environment in the pet industry.

    Expenses $10,900 · Revenue $42,780

As filed on the 2023 return.

Listed in Part VII

  • Victor Mason

    President

    Total calculated
    $411,578
    From this org
    $381,600
    From related orgs
    $0
    Other
    $29,978
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $324,923
    Bonus
    $51,277
    Other
    $5,400
    Deferred
    $16,500
    Nontaxable benefits
    $13,478
    Filer's total
    $411,578

  • Mike Karsting

    Senior VP

    Total calculated
    $250,206
    From this org
    $239,200
    From related orgs
    $0
    Other
    $11,006
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $194,615
    Bonus
    $40,385
    Other
    $4,200
    Deferred
    $10,000
    Nontaxable benefits
    $1,006
    Filer's total
    $250,206

  • Jessica Guzman

    VP Marketing

    Total calculated
    $183,972
    From this org
    $175,000
    From related orgs
    $0
    Other
    $8,972
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $138,308
    Bonus
    $36,692
    Other
    not reported
    Deferred
    $7,250
    Nontaxable benefits
    $1,722
    Filer's total
    $183,972

  • Elizabeth Spivak

    VP Sales

    Total calculated
    $176,806
    From this org
    $169,018
    From related orgs
    $0
    Other
    $7,788
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $130,038
    Bonus
    $38,980
    Other
    not reported
    Deferred
    $6,900
    Nontaxable benefits
    $888
    Filer's total
    $176,806

  • James R Keyston

    Sales & Exhibitor

    Total calculated
    $130,582
    From this org
    $115,468
    From related orgs
    $0
    Other
    $15,114
    Hours/week
    40

  • Micah Kohles

    2nd Chair

    Total calculated
    $4,500
    From this org
    $4,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Michael Johnson

    Director

    Total calculated
    $1,000
    From this org
    $1,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $1,000
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $1,000

  • Chris Clevers

    Chair Emeritus

    Total calculated
    $0
    Hours/week
    2

  • Michael Lasky

    Director

    Total calculated
    $0
    Hours/week
    2

  • Michael Lou

    CFO

    Total calculated
    $0
    Hours/week
    2

  • Jennifer Larsen

    Director

    Total calculated
    $0
    Hours/week
    0

  • David Dieter

    Secretary

    Total calculated
    $0
    Hours/week
    2

  • Sarah Goldberger

    Director

    Total calculated
    $0
    Hours/week
    2

  • Sandy Moore

    Director

    Total calculated
    $0
    Hours/week
    2

  • Heather Coots

    1st Chair

    Total calculated
    $0
    Hours/week
    2

  • Jeff San Souci

    Chairman

    Total calculated
    $0
    Hours/week
    2

  • Antoine Seailles

    Director

    Total calculated
    $0
    Hours/week
    2

  • Bill Trufant

    Director

    Total calculated
    $0
    Hours/week
    2

  • Jay Springer

    Director

    Total calculated
    $0
    Hours/week
    0

  • Keryn Rod

    Director

    Total calculated
    $0
    Hours/week
    2

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Provenance

Return type
form_990
Tax year
2023
Filed
13 November 2024
IRS schema version
2023v5.1
Source object
202413189349310191

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