Lake Norman Humane Inc
- Assets
- $3.3m
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 16
- Location
- Mooresville, NC
- Founding
- 01/2008
- Data as of
- 12/2021
- EIN
- 86-1160840
Organization Overview
Lake Norman Humane Inc is located in Mooresville, NC. The organization was established in 2008. 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 12/2021, Lake Norman Humane Inc employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lake Norman Humane Inc 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 12/2021, Lake Norman Humane Inc generated $1.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 26.0% each year . All expenses for the organization totaled $766.9k during the year ending 12/2021. While expenses have increased by 20.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO RESCUE, REHABILITATE AND REHOME HOMELESS PETS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESPONSIBLE PET OWNERSHIP, SPAY/NEUTER SERVICES,ADOPTION OF HOMELESS PETS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Josh Tucker President | OfficerTrustee | 2 | $0 |
Jonathan Zulman Secretary | OfficerTrustee | 2 | $0 |
Kevin Donaldson Vice President | OfficerTrustee | 2 | $0 |
Maria Roberson Treasurer | OfficerTrustee | 2 | $0 |
Greg Biffle Board Member | Trustee | 2 | $0 |
Mick Longo Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $43,529 |
| All other contributions, gifts, grants, and similar amounts not included above | $811,453 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $854,982 |
| Total Program Service Revenue | $0 |
| Investment income | $344 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $152,534 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,007,860 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $281,764 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $28,140 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $926 |
| Office expenses | $7,375 |
| Information technology | $425 |
| Royalties | $0 |
| Occupancy | $17,611 |
| Travel | $993 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $67,740 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $137,026 |
| Insurance | $23,269 |
| All other expenses | $5,613 |
| Total functional expenses | $766,929 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $28,263 |
| Savings and temporary cash investments | $106,878 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $3,122,997 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $1,840 |
| Other assets | $0 |
| Total assets | $3,259,978 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $757,193 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $8,876 |
| Total liabilities | $766,069 |
| Net assets without donor restrictions | $2,493,909 |
| 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 | $3,259,978 |
Grants Recieved
Over the last fiscal year, we have identified 18 grants that Lake Norman Humane Inc has recieved totaling $39,204.
| Awarding Organization | Amount |
|---|---|
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $32,057 |
Samuel Schneider Foundation Inc Statesville, NC PURPOSE: PUBLIC SUPPORT | $3,000 |
Jena And Bob Gallagher Foundation Mooresville, NC PURPOSE: PROGRAM SUPPORT | $1,500 |
Evernham Family-Racing For A Reason Foundation Mooresville, NC PURPOSE: CONTRIBUTION | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $838 |
The Duke Energy Foundation Charlotte, NC PURPOSE: MATCHING GIFTS | $300 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lifeline Animal Project Inc Atlanta, GA | $5,896,275 | $14,518,102 |
Atlanta Humane Society & Society Prevention Of Cruelty To Animals Atlanta, GA | $45,392,577 | $23,205,036 |
Richmond Society For The Prevention Of Cruelty To Animals Richmond, VA | $57,425,937 | $15,802,293 |
Charleston Animal Society North Charleston, SC | $28,152,121 | $9,669,520 |
Anicira Veterinary Center Harrisonburg, VA | $6,192,293 | $8,154,970 |
Young-Williams Animal Center Of East Tennessee Knoxville, TN | $5,944,535 | $6,893,843 |
Pawmettolifeline Inc Columbia, SC | $7,562,707 | $6,187,446 |
Albemarle Society For The Prevention Of Cruelty To Animals Charlottesville, VA | $17,853,969 | $7,966,157 |
Old Friends Senior Dogs Mount Juliet, TN | $27,002,076 | $5,158,675 |
South Carolina Society For The Prevention Of Cruelty To Animals Greenville, SC | $13,019,022 | $6,372,674 |
Asheville Humane Society Inc Asheville, NC | $5,134,448 | $5,816,882 |
Spay Neuter Charlotte Charlotte, NC | $4,163,905 | $5,867,470 |