World Vets
- Assets
- $1.2m
- Revenue
- $959.3k
- Investments
- $0.0
- Employees
- 3
- Location
- Gig Harbor, WA
- Founding
- 05/2006
- Data as of
- 12/2022
- EIN
- 20-4637447
Organization Overview
World Vets is located in Gig Harbor, WA. The organization was established in 2006. According to its NTEE Classification (D20) the organization is classified as: Animal Protection & Welfare, under the broad grouping of Animal-Related and related organizations. As of 12/2022, World Vets employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. World Vets is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, World Vets generated $959.3k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $813.9k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (1.9%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPROVE THE HEALTH & WELL-BEING OF ANIMALS THROUGH VETERINARY AID, RESPONSE, TRAINING, RESEARCH & DISASTER RELIEF WORLDWIDE. WE PROVIDE SERVICES TO COMPANION ANIMALS, EQUIDS, STREET DOGS, WILDLIFE, LIVESTOCK & MARINE ANIMALS WHILE ALSO WORKING TO PROTECT THEIR ENVIRONMENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WORLD VETS HAS PROVIDED VETERINARY AID PROGRAMS AND SUPPORT IN OVER 50 COUNTRIES ON 6 CONTINENTS PROVIDING AID TO TENS OF THOUSANDS OF ANIMALS AND THE PEOPLE AND COMMUNITIES IN WHICH THEY LIVE. PROGRAMS INCLUDE SPAY/NEUTER, PUBLIC HEALTH, STREET DOG MANAGEMENT THROUGH VACCINATION AND STERILIZATION, LIVESTOCK PROGRAMS, EQUINE PROGRAMS HELPING WORKING HORSES AND DONKEYS, DISASTER RESPONSE/ANIMAL RESCUE, MARINE ANIMAL PROGRAMS (INCLUDING STRANDING RESPONSE, RESCUE OF SICK, INJURED OR STRANDED MARINE ANIMALS IN THE WILD, RESEARCH, PROTECTION & CONSERVATION). WORLD VETS OPERATES A FULL SERVICE VETERINARY CLINIC FOR DOMESTIC ANIMALS IN THE GALAPAGOS ISLANDS AND PROVIDES WILDLIFE RESCUE SERVICES THROUGH A LARGELY VOLUNTEER WORKFORCE OF HIGHLY SKILLED PROFESSIONALS, WORLD VETS IS ABLE TO LEVERAGE RESOURCES FOR MAXIMUM IMPACT AND SUSTAINABILITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cathy King DVM PHD Ceoveterinarian | Officer | 60 | $191,100 |
Suzanne Coulson DVM Director | Trustee | 0.5 | $0 |
Erica Gillum DVM Director | Trustee | 0.5 | $0 |
Mushtaq Memon Bvssc Msc PHD Director | Trustee | 0.5 | $0 |
Susan Paseman Director | Trustee | 0.5 | $0 |
Heather Mccabe Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $23,287 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $81,079 |
| All other contributions, gifts, grants, and similar amounts not included above | $625,848 |
| Noncash contributions included in lines 1a–1f | $35,731 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $730,214 |
| Total Program Service Revenue | $178,310 |
| Investment income | $2,684 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $47,304 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $959,316 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,966 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $22,900 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $172,142 |
| Compensation of current officers, directors, key employees. | $17,215 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $48,521 |
| Pension plan accruals and contributions | $56,919 |
| Other employee benefits | $9,451 |
| Payroll taxes | $16,355 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,250 |
| Fees for services: Accounting | $5,758 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,050 |
| Fees for services: Other | $1,050 |
| Advertising and promotion | $4,487 |
| Office expenses | $15,188 |
| Information technology | $18,171 |
| Royalties | $0 |
| Occupancy | $113,355 |
| Travel | $52,730 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $75,295 |
| Insurance | $18,286 |
| All other expenses | $69,879 |
| Total functional expenses | $813,865 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $74,207 |
| Savings and temporary cash investments | $574,387 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $136,738 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $430,014 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,267 |
| Total assets | $1,224,613 |
| Accounts payable and accrued expenses | $2,428 |
| Grants payable | $0 |
| Deferred revenue | -$2,047 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $381 |
| Net assets without donor restrictions | $1,224,232 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,224,613 |
Grants Awarded
Over the last fiscal year, World Vets has awarded $11,880 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
PEOPLE FOR ANIMAL CARE & KINDNESS PURPOSE: care products | $6,380 |
ST ANTHONYS HOSPITAL PURPOSE: For COVID protection | $5,500 |