Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1a · Federated campaigns

  $46,578

• 1c · Fundraising events

  $1,402,114

• 1d · Related organizations

  $158,906

• 1f · All other contributions, gifts and grants

  $21,213,551

• 1g · Noncash contributions included above

  $1,114,458

• 3 · Investment income

  total $1,583,252 · excluded $1,583,252

• 7a · Gross sales of assets other than inventory

  securities $16,461,622 · other assets $25

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

  securities $17,417,765 · other assets $122,694

• 7c · Gain or loss

  securities -$956,143 · other assets -$122,669

• 7d · Net gain or loss

  total -$1,078,812 · excluded -$1,078,812

• 8a · Fundraising events: gross income

  $0

• 8a · Fundraising events: contributions included on line 1c

  $1,402,114

• 8b · Fundraising events: direct expenses

  $432,150

• 8c · Net income from fundraising events

  total -$432,150 · excluded -$432,150

• 10a · Gross sales of inventory

  $66,193

• 10b · Cost of goods sold

  $49,093

• 10c · Net income from sales of inventory

  total $17,100 · excluded $17,100

• 11a · Other revenue: Public adoption revenue

  total $174,000 · related or exempt $174,000

• 11b · Other revenue: Program revenue

  total $64,315 · related or exempt $64,315

• 11c · Other revenue: Marketing revenue

  total $40,275 · related or exempt $10,460 · unrelated business $29,815

• 11e · Other revenue, total

  $278,590

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $1,581,100 · program services $974,433 · management and general $393,473 · fundraising $213,194

• 7 · Other salaries and wages

  total $7,750,446 · program services $6,314,451 · management and general $180,322 · fundraising $1,255,673

• 8 · Pension plan contributions

  total $159,656 · program services $133,513 · fundraising $26,143

• 9 · Other employee benefits

  total $736,603 · program services $601,382 · management and general $15,683 · fundraising $119,538

• 10 · Payroll taxes

  total $641,407 · program services $504,619 · management and general $35,574 · fundraising $101,214

• 11b · Fees: legal

  total $25,117 · management and general $25,117

• 11c · Fees: accounting

  total $42,480 · management and general $42,480

• 11d · Fees: lobbying

  total $10,000 · management and general $10,000

• 11f · Fees: investment management

  total $172,196 · management and general $172,196

• 11g · Fees: other

  total $182,205 · program services $108,867 · management and general $47,178 · fundraising $26,160

• 12 · Advertising and promotion

  total $1,331,688 · program services $1,324,552 · management and general $7,136

• 13 · Office expenses

  total $277,812 · program services $195,394 · management and general $26,413 · fundraising $56,005

• 14 · Information technology

  total $75,890 · program services $75,890

• 16 · Occupancy

  total $312,373 · program services $257,544 · management and general $30,977 · fundraising $23,852

• 17 · Travel

  total $390,506 · program services $363,635 · management and general $1,173 · fundraising $25,698

• 20 · Interest

  total $39,617 · management and general $39,617

• 22 · Depreciation, depletion and amortization

  total $1,302,442 · program services $1,041,954 · management and general $260,488

• 23 · Insurance

  total $293,889 · program services $227,012 · management and general $19,572 · fundraising $47,305

• 24a · Other expenses: Breeding/Vet/Kennel Exp

  total $905,533 · program services $905,521 · management and general $12

• 24b · Other expenses: Maintenance and Equipme

  total $835,342 · program services $794,898 · management and general $16,608 · fundraising $23,836

• 24c · Other expenses: Supplies

  total $167,009 · program services $144,900 · management and general $14,041 · fundraising $8,068

• 24d · Other expenses: Dues & Fees

  total $94,985 · program services $62,614 · management and general $24,602 · fundraising $7,769

• 24e · All other expenses

  total $473,537 · program services $171,357 · management and general $42,662 · fundraising $259,518

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $600 · end of year $600

• 2 · Savings and temporary cash investments

  beginning of year $3,654,817 · end of year $8,446,130

• 3 · Pledges and grants receivable

  beginning of year $946,289 · end of year $1,594,129

• 7 · Other notes and loans receivable

  beginning of year $90,912 · end of year $86,714

• 8 · Inventories for sale or use

  beginning of year $40,731 · end of year $44,107

• 9 · Prepaid expenses and deferred charges

  beginning of year $107,113 · end of year $207,269

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

  $38,780,247

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

  $9,527,653

• 10c · Land, buildings and equipment, net

  beginning of year $26,706,659 · end of year $29,252,594

• 11 · Investments: publicly traded securities

  beginning of year $46,547,363 · end of year $47,563,035

• 15 · Other assets

  beginning of year $654,218 · end of year $1,323,698

• 17 · Accounts payable and accrued expenses

  beginning of year $1,096,226 · end of year $1,475,158

• 23 · Secured mortgages and notes payable

  end of year $2,510,776

• 25 · Other liabilities

  beginning of year $27,434 · end of year $25,457

• 27 · Net assets without donor restrictions

  beginning of year $59,993,251 · end of year $64,918,825

• 28 · Net assets with donor restrictions

  beginning of year $17,631,791 · end of year $19,588,060

The filer's explanations (Part III)

Part I, Line 7

The Executive Review and Compensation Committee is composed of six independent board members. A written evaluation is prepared after input has been solicited from all board members. Performance is gauged on the evaluation and particularly against specific targets that were predefined by the board. The committee reviews compensation data supplied by an outside compensation consultant based on organizations of similar size. Additionally, the committee looks at 990 data from other similar organizations.

Part II - Deferred Compensation Plan

During 2015, the organization adopted a deferred compensation agreement for the CEO under Internal Revenue Code 457. The organization's reserve under the deferred compensation plan totaled $302,291 for the year ended June 30, 2023, and is included in accrued expenses together with an amount representing investment earnings on the unpaid balance. This amount represents five years' worth of contributions/disbursements. The employee will have no rights nor will be paid until five years following each contribution date provided the employee has been employed by the organization continuously until that time.