PetSmart Charities provides grants to fund nonprofits aligned with its mission and partners with shelters to find forever homes for pets through its in-store adoption program. The organization reports that it partners with more than 4,000 animal welfare organizations to serve pets in need. In 2018, PetSmart Charities reports that 631,277 pets were adopted through the in-store adoption programs across North America.
For the year ended February 03, 2019, PetSmart Charities's program expenses were:
Supporting bonds between people and pets |
$34,007,857 |
Preventing pet homelessness |
$18,894,286 |
Helping shelter pets thrive |
$12,964,039 |
Emergency relief and other |
$3,569,878 |
Total Program Expenses: |
$69,436,060 |
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Chief Executive
Aimee Gilbreath, President
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Compensation*
$0
-
Chair of the Board
J.K. Symancyk
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Chair's Profession / Business Affiliation
Chief Executive Officer, PetSmart, Inc
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Board Size
11
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Paid Staff Size
0
*Current compensation information not available for Aimee Gilbreath.
Note: Former President, Deborah Turcott, received $298,156 in compensation in 2019. 2019 compensation, as reported by the charity, includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
Method(s) Used:
Internet, Invitations to fund raising events, Planned giving arrangements, Cause- related marketing (affinity credit cards, consumer product sales, etc.), Other
Fundraising costs were 2% of related contributions. (Related contributions, which totaled $82,958,609, are donations received as a result of fundraising activities.)
This organization is tax-exempt under section 501(c) (3) of the Internal Revenue Code.It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
The following information is based on PetSmart Charities's audited financial statements - consolidated for the year ended February 03, 2019.
Source of Funds |
Individual contributions |
$45,964,265 |
PetSmart contributions |
$35,360,514 |
Special events, net |
$960,548 |
Corporate, foundations and vendor contributions |
$673,282 |
Investment income, net |
($1,686,898) |
Total Income |
$81,271,711 |
- Programs: 80%
- Administrative: 19%
- Fundraising: Less than 1%
Total Income |
$81,271,711 |
Program expenses |
$69,436,060 |
Fundraising expenses |
$1,410,490 |
Administrative expenses |
$16,945,225 |
Other expenses |
$0 |
Total expenses: |
$87,791,775 |
Income in Excess of Expenses |
$-6,520,064 |
Beginning Net Assets |
$53,377,922 |
Other Changes In Net Assets |
$-509,553 |
Ending Net Assets |
$46,348,305 |
Total Liabilities |
$3,888,491 |
Total Assets |
$50,236,796 |
Note 1: According to the organization's audited financial statements for the year ended February 3, 2019, PCI received in-kind gifts of $33,830,694 including space in stores for adoptions, pet food, pet supplies, office space, management personnel ($33,601,932) and advertising ($228,762).
Note 2: As noted in the above financial section, "other changes in net assets" refers to a loss on disposal of fixed assets.