PetSmart Charities
Meets Standards
Standards For Charity Accountability
Governance
-
Board Oversight
-
Board Size
-
Board Meetings
-
Board Compensation
-
Conflict of Interest
Measuring Effectiveness
-
Effectiveness Policy
-
Effectiveness Report
Finances
-
Program Expenses
-
Fundraising Expenses
-
Accumulating Funds
-
Audit Report
-
Detailed Expense Breakdown
-
Accurate Expense Reporting
-
Budget Plan
Fundraising & Info
-
Truthful Materials
-
Annual Report
-
Website Disclosures
-
Donor Privacy
-
Cause Marketing Disclosures
-
Complaints
PetSmart Charities meets the 20 Standards for Charity Accountability.
Stated Purpose:
"to make the world a better place for pets by investing in community partners that advocate and care for the well-being of pets and all who love them."
Year, State Incorporated:
1994, AZ
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 supports programs that work to make veterinary care more accessible, help battle pet food insecurity, and provide disaster response emergency grants. Through its Connecting Pets and People program, PetSmart Charities reports that it has helped more than 400,000 pets find homes through partnerships with over 2,500 animal welfare organizations to hold in-store adoption events in PetSmart stores nationwide.
For the year ended January 29, 2023, PetSmart Charities's program expenses were:
| Connecting Pets and People | $43,066,750 |
| Supporting Pets and People | $40,239,496 |
| Total Program Expenses | $83,306,246 |
Chief Executive
Aimee Gilbreath, President
Compensation*
$754,397
Chair of the Board
J.K. Symancyk
Chair's Profession / Business Affiliation
Chief Executive Officer, PetSmart LLC
Board Size
10
Paid Staff Size
0
*2023 compensation, as reported by the organization, includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
Note: The organization reports that it does not have any paid employees and that all staff are employees of PetSmart LLC and services are provided to PetSmart Charities through a management services agreement.
Method(s) Used:
Internet, Radio, Print advertisements, Corporate solicitation
Fundraising costs were 3% of related contributions. (Related contributions, which totaled $85,667,865, 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 for the year ended January 29, 2023.
Source of Funds
| Investment income, net | $-1,283,679 |
| Special events | $2,500 |
| PetSmart LLC contributions | $4,706,591 |
| In-kind contributions | $29,593,647 |
| Contributions | $51,365,127 |
| Total Income | $84,384,186 |
Programs: 95% Fundraising: 3% Administrative: 2%
| Total Income | $84,384,186 |
| Total expenses: | $87,827,042 |
| Program expenses | $83,306,246 |
| Fundraising expenses | $2,640,954 |
| Administrative expenses | $1,879,842 |
| Other expenses | $0 |
| Income in Excess of Expenses | $-3,442,856 |
| Beginning Net Assets | $73,577,013 |
| Other Changes In Net Assets | $-871 |
| Ending Net Assets | $70,133,286 |
| Total Liabilities | $6,605,386 |
| Total Assets | $76,738,672 |
Note 1: As noted in the financial section above, “other changes in net assets” refers to loss on disposal of fixed assets.
Note 2: According to the organization's audited financial statements for the year ended January 29, 203, PetSmart Charities received in-kind contributions totaling $29,593,647 in the form of rent and supplies ($19,037,145), pet supplies ($6,021,546), advertising ($3,124,687), other goods and services ($1,072,692), and office rent ($337,577).
An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the International Association of Better Business Bureaus.
This report is not to be used for fundraising or promotional purposes.
RELATED CONTENT
-
Meets Standards
-
Standards Not Met
-
Did Not Disclose
-
Review in Progress
-
Unable to Verify
Report completed by:
BBB Wise Giving Alliance