Skip to content
Nonprofiteer
← PETCO LOVE

Form 990 for tax year 2022

Filed by PETCO LOVE.

Totals

Total revenue
$37,716,744
Total expenses
$39,654,487
Contributions and grants received
$36,125,085
Grants paid
$30,687,245
Program service revenue
$0
Investment income
$75,259
Other revenue
$1,516,400
Total assets, end of year
$30,878,986
Total liabilities, end of year
$1,073,372
Net assets or fund balances, end of year
$29,805,614
Program services expenses (Part IX)
$36,858,263
Management and general expenses
$897,531
Fundraising expenses
$1,898,693
Program service expenses (Part III)
$36,858,263

Program services were 92.9% 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.

  • 1f · All other contributions, gifts and grants

    $36,125,085

  • 1g · Noncash contributions included above

    $1,500,621

  • 3 · Investment income

    total $75,259 · excluded $75,259

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

    total $0

  • 5 · Royalties

    total $1,515,948 · related or exempt $1,515,948

  • 6d · Net rental income or loss

    total $0

  • 7d · Net gain or loss

    total $0

  • 8c · Net income from fundraising events

    total $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $452

  • 10c · Net income from sales of inventory

    total $452 · related or exempt $452

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $30,630,958 · program services $30,630,958

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $56,287 · program services $56,287

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $0

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $0

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $0

  • 10 · Payroll taxes

    total $0

  • 11a · Fees: management

    total $4,362,295 · program services $3,225,112 · management and general $556,517 · fundraising $580,666

  • 11b · Fees: legal

    total $156,990 · management and general $156,990

  • 11c · Fees: accounting

    total $43,850 · management and general $43,850

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $365,445 · program services $365,445

  • 12 · Advertising and promotion

    total $2,707,453 · program services $1,469,150 · management and general $13,993 · fundraising $1,224,310

  • 13 · Office expenses

    total $26,330 · program services $16,631 · management and general $8,570 · fundraising $1,129

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $0

  • 17 · Travel

    total $239,574 · program services $164,421 · management and general $21,275 · fundraising $53,878

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $20,000 · management and general $20,000

  • 23 · Insurance

    total $0

  • 24a · Other expenses: SOFTWARE

    total $923,057 · program services $886,634 · management and general $6,115 · fundraising $30,308

  • 24b · Other expenses: Other

    total $48,051 · program services $581 · management and general $47,470

  • 24c · Other expenses: Printing and Publications

    total $33,524 · program services $23,329 · management and general $8,079 · fundraising $2,116

  • 24d · Other expenses: Postage and Shipping

    total $27,888 · program services $19,465 · management and general $6,035 · fundraising $2,388

  • 24e · All other expenses

    total $12,785 · program services $250 · management and general $8,637 · fundraising $3,898

  • 26 · Joint costs (an allocation of the lines above)

    total $4,775,868 · program services $3,495,503 · management and general $577,267 · fundraising $703,098

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    end of year $0

  • 2 · Savings and temporary cash investments

    beginning of year $10,838,927 · end of year $8,815,073

  • 3 · Pledges and grants receivable

    end of year $0

  • 4 · Accounts receivable

    beginning of year $3,567,241 · end of year $2,564,730

  • 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 $629,973 · end of year $530,046

  • 10c · Land, buildings and equipment, net

    end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $14,442,376 · end of year $14,655,737

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    beginning of year $238,474 · end of year $238,474

  • 14 · Intangible assets

    beginning of year $61,667 · end of year $41,667

  • 15 · Other assets

    beginning of year $3,640,000 · end of year $4,033,259

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,863,435 · end of year $1,073,372

  • 27 · Net assets without donor restrictions

    beginning of year $31,183,143 · end of year $29,805,614

  • 28 · Net assets with donor restrictions

    beginning of year $372,080

Mission and programs · 2022

Mission

TO RAISE THE QUALITY OF LIFE FOR PETS AND PEOPLE WHO LOVE AND NEED THEM.

  • Petco Love is a mission to end preventable euthanasia of shelter and community owned pets by empowering organizations through grant investments that make the most impact and by creating national solutions to address community needs impacting the welfare of animals. Petco Loves grant investment activities seek to empower those organizations that are the most productive and effective in accomplishing their mission as determined through a decision model designed to evaluate and assess organizations alongside their peers.Saving Pet Lives: Petco Love funds animal welfare organizations working to end the euthanasia of shelter animals by reuniting lost pets with their families or finding homes for those in need. These programs include caring for the animals temporarily, including finding foster families where pets are cared for, and preparing the animals medically and behaviorally in preparation for adoption. Petco Love supports large scale adoption events seeking to reach potential pet parents and increase visibility about the significant number of animals available for adoption. Petco Love partners with organizations that transport pets from areas of the country more in need to areas that have a greater number of potential adopters. Petco Love also partners with Petco Animal Supplies to provide animal welfare organizations with space and a venue in Petco PCC's (Petco Care Centers) to provide greater community outreach and showcase the wonderful adoptable pets to potential adopters. Some stores have adoption centers with housing where pets stay and are cared for until adoption. Access to Care: Petco Love also supports a variety of organizations to assist pet parents to care for pets in need by providing veterinary care, including wellness care, spay/neuter services, emergency and other medical care, and vaccines, and other pet care needs like, microchipping, behavior rehabilitation services and food and other pet care support. Petco Love also launched a 2 million free vaccine campaign to assure that pets do not suffer and die needlessly from preventable diseases, and to date has provided over 1,500,000 vaccines to be provided to pets in need. Reuniting Lost Pets: Petco Love launched Petco Love Lost in April 2020, a national lost and found database utilizing pet image recognition technology to reunite lost pets with their families. Petco Love is working to establish the go-to national solution to reunite lost pets by uploading a photo and connecting pet parent and finder. Since July 2021, Petco Love Lost has reunited nearly 21,000 lost pets with their families and has helped countless others by providing information and support to reunite lost pets. Disaster support: Petco Love responds to disasters like fires, floods, earthquakes, hurricanes and other natural disasters, affecting animals and the people who love them. Petco Loves disaster response includes providing support in preparation, during and after disasters with products and grants to care for pets and rebuild from destruction.Pet cancer support: for more than ten years, Petco Love has raised millions of dollars to support pet cancer treatment, awareness and research. Petco Love supports universities and organizations that are assisting pet owners who are financially unable to afford pet cancer treatment. Additionally, Petco Love has a shelter pet cancer fund to support treatment of shelter pets with cancer. Petco love also funds universities and organization for research into the causes, prevention, and treatment of pet cancer. Petco Love raises awareness about the warning signs of cancers to provided pet owners with information to minimize the risk. Service and therapy animals: through the helping heroes campaign, Petco Love supports Americas amazing service animals who dedicate their lives to helping people in their care. Petco Love supports a variety of service and therapy animal efforts prioritizing those organizations that are saving shelter pets and training them for service to others.Funding for Pets impacted by global crisis. Petco Loves primary mission is focused geographically in the United States. However, upon certain extraordinary events, Petco Love may raise and distribute funds specifically to help pets impacted by global crises. In early 2022, Petco Love raised and provided $1 million in assistance to organizations helping pets and pet families affected by the war in Ukraine. Funds were distributed to national organizations aiding shelters, rescues, and pet families fleeing the war-torn country and to support future recovery efforts and needs as they arise. All recipients of funding for use in the Ukraine crisis agreed and acknowledged to their familiarity with the terms and provisions of, and compliance with all United States anti-terrorism laws, executive orders and regulations, including compliance with United States Treasury Office of Foreign Asset Compliance (OFAC), the United States Foreign Corrupt Practices Act of 1977, as amended (the FCPA) and all applicable international and local country anti-bribery and anticorruption laws, rules, decrees, orders and regulations.

    Expenses $36,858,263 · Grants $30,687,245

As filed on the 2022 return.

Listed in Part VII

  • Katie Nauman

    Director

    Total calculated
    $0
    Hours/week
    1

  • Marcie Whichard

    Secretary

    Total calculated
    $0
    Hours/week
    1

  • Damien Harmon

    Director

    Total calculated
    $0
    Hours/week
    1

  • Daymond John

    Director

    Total calculated
    $0
    Hours/week
    1

  • Warren Rickard

    Director

    Total calculated
    $0
    Hours/week
    1

  • Tariq Hassan

    Director

    Total calculated
    $0
    Hours/week
    1

  • James Sloan

    Director

    Total calculated
    $0
    Hours/week
    1

  • Kevin Manion

    Director

    Total calculated
    $0
    Hours/week
    1

  • Paul Ramaker

    Treasurer

    Total calculated
    $0
    Hours/week
    1

  • Justin Tichy

    Chairman

    Total calculated
    $0
    Hours/week
    5

  • Susanne Kogut

    President

    Total calculated
    $0
    Hours/week
    50

  • Michael Peterson

    Vice Chair

    Total calculated
    $0
    Hours/week
    1

  • Aaron Weiss

    Director

    Total calculated
    $0
    Hours/week
    1

  • Dr Ted Mashima

    Director

    Total calculated
    $0
    Hours/week
    1

  • Ame Van Iden

    Director

    Total calculated
    $0
    Hours/week
    1

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.

Grants on this return

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • PETS REUNITED LLC

    HOLD INTELLECTUAL PROPERTY · DE · assets $3,681,667

    Directly controlled by PETCO LOVE

Provenance

Return type
form_990
Tax year
2022
Filed
3 October 2023
IRS schema version
2022v5.0
Source object
202322769349301402

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.