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CHARITY REVIEW
Issued: July 2024 Expires: July 2026

Pet Partners

Standards Not Met
Standards Not Met
9
(425) 679-5503
345 118th Avenue SE, Suite 100
Bellevue, WA, 98005
https://petpartners.org/
📄 Full Report 🖨️ Print 📋 BBB Charity Standards

Standards For Charity Accountability

Governance

  1. Board Oversight
  2. Board Size
  3. Board Meetings
  4. Board Compensation
  5. Conflict of Interest

Measuring Effectiveness

  1. Effectiveness Policy
  2. Effectiveness Report

Finances

  1. Program Expenses
  2. Fundraising Expenses
  3. Accumulating Funds
  4. Audit Report
  5. Detailed Expense Breakdown
  6. Accurate Expense Reporting
  7. Budget Plan

Fundraising & Info

  1. Truthful Materials
  2. Annual Report
  3. Website Disclosures
  4. Donor Privacy
  5. Cause Marketing Disclosures
  6. Complaints

Pet Partners does not meet the following 1 Standards for Charity Accountability:

Standard 9 (Fund Raising Expense Ratio)
Spending should be no more than 35% of related contributions on fund raising. Related contributions include donations, legacies, and other gifts received as a result of fund raising efforts.

Pet Partners does not meet this Standard because:

  • According to its 2023 audited financial statements, the organization's fundraising costs were 46% ($833,489) of related contributions, which totaled $1,799,603.

Pet Partners meets the remaining 19 Standards for Charity Accountability.

Stated Purpose:
"to improve human health and well-being through the human-animal bond."

Year, State Incorporated:
1977, WA

Pet Partners promotes the health and wellness benefits of animal-assisted therapy, activities, and education. The organization's Therapy Animal Program guides volunteers through the process of becoming a therapy animal team to safely and effectively visiting clients in places such as hospitals, nursing homes, veterans' centers, and schools. Pet Partners' Read with Me program prepares therapy animal teams to conduct visits with young readers at schools, libraries, and tutor centers. Pet Partners' Walk with Me program works to motivate people in physical and occupational therapy to practice their exercises with a therapy animal and encourages seniors to stay active by walking a therapy animal. Lastly, the organization's Animal-Assisted Crisis Response (AACR) teams are trained and credentialed to provide emotional support and comfort in the wake of crisis events such as community tragedies, gun violence, and natural disasters.

For the year ended December 31, 2023, Pet Partners's program expenses were:

Program services $3,463,445
Total Program Expenses $3,463,445

Chief Executive
Catherine "Annie" Peters, President and Chief Executive Officer

Compensation*
$380,381

Chair of the Board
Dana Brooks

Chair's Profession / Business Affiliation
President and Chief Executive Officer, Pet Food Institute

Board Size
17

Paid Staff Size
26

*2022 compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.

Method(s) Used:
Direct mail appeals, Grant proposals, Internet, Direct mail appeals, Radio, Print advertisements

Fundraising costs were 46% of related contributions. (Related contributions, which totaled $1,799,603, 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 Pet Partners's audited financial statements for the year ended December 31, 2023.

Source of Funds
Other income $3,581
Merchandise sales $13,067
Special events $137,753
Bequests $175,187
Individual contributions $336,927
In-kind contributions $372,357
Registrations and workshops $682,373
Corporation and foundation contributions $777,379
Investment income $2,324,115
Total Income $4,822,739

Programs: 72% Fundraising: 17% Administrative: 11%

Total Income $4,822,739
Total expenses: $4,817,064
  Program expenses $3,463,445
  Fundraising expenses $833,489
  Administrative expenses $521,857
  Other expenses $-1,727
Income in Excess of Expenses $5,675
Beginning Net Assets $15,584,696
Other Changes In Net Assets $0
Ending Net Assets $15,586,917
Total Liabilities $543,591
Total Assets $16,130,508

Note 1: In the financial section above, "other expenses" refers to LLC operating expenses.

Note 2: According to the organization's 2023 audited financial statements - consolidated, Pet Partners received in-kind contributions totaling $372,357 in the form of digital advertising ($363,930) and goods and facilities ($8,427).

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

Report completed by:
BBB Wise Giving Alliance