BBB Wise Giving Report for
PetSmart Charities

BBB Wise Giving Report issued February 2011
BBB Wise Giving Report expires February 2013


This BBB Accredited charity meets all 20 Standards for Charity Accountability and is a Seal Holder. Find out more...


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Charity Contact Information

Name: PetSmart Charities
Address: 19601 North 27th Avenue
  Phoenix, AZ 85027
Phone: 800-423-7387
623-580-6100
Web Address: www.petsmartcharities.org
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BBB Wise Giving Alliance Comments

Year, State Incorporated: 1994, Arizona
Affiliates: PetSmart Charities of Canada, Inc.
Stated Purpose: "to help address pet overpopulation and champion the cause of saving the lives of homeless pets."

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Evaluation Conclusions

               

PetSmart Charities (PetSmart) meets the 20 Standards for Charity Accountability.
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Programs

               

PetSmart creates and supports programs that help save the lives of homeless pets and promote healthy relationships between people and pets. PetSmart grants funding to nonprofit animal welfare organizations in order to save the lives of homeless pets through an in-store adoption program (the PetSmart stores are owned and operated by PetSmart, Inc., a retailer of pet food, pet supplies, accessories and professional pet services throughout North America), spay/neuter programs to prevent the birth of unwanted kittens and puppies, and retention programs to keep pets in their adopted homes. During times of natural or man-made disasters, PetSmart provides funding to treat injured pets and purchase food and supplies.

For the fiscal year ended January 31, 2010, PetSmart's program expenses were:

  
Adoption grants and programs 12,678,047
Contributed rent, goods, and services 11,192,745
Spay/Neuter grants and programs 9,534,436
Emergency grants and Emergency Relief Waggin' 1,071,130
Education and field advancement 859,115
Total Program Expenses: $35,335,473
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Governance

               

Chief Executive : Susana M. Della Maddalena, Vice President and Executive Director
Compensation*:
 $258,753

Chair of the Board: Philip L. Francis
Chair's Profession / Business Affiliation: Executive Chairman, PetSmart, Inc.

Board Size: 11

Paid Staff Size: 0

*February 1, 2009 - January 31, 2010 compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
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Fund Raising

               

Method(s) Used:

Direct mail, special events, radio, Internet appeals, and cause-related marketing.
Fund raising costs were 7% of related contributions. (Related contributions, which totaled $33,156,418, are donations received as a result of fund raising activities.)
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Tax Status

               

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.
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Financial

               

The following information is based on PetSmart's audited financial statements for the fiscal year ended January 31, 2010.

Source of Funds  
Individual contributions 30,643,108
PetSmart Inc contributions 12,016,236
Investment income 1,997,802
Corporate contributions 1,015,275
Special events revenue 752,227
Private foundation contributions 346,128
Cause-related contributions 308,981
Conference donations and fees 90,699
Total Income $47,170,456


chart



Uses of Funds as a % of Total Expenses

Programs: 89%  Fund Raising: 6%  Administrative: 5% 

Total income   $47,170,456
  Program expenses $35,335,473
  Fund raising expenses 2,428,472
  Administrative expenses 1,836,108
 
Total expenses   $39,600,053
Income in Excess of Expenses   7,570,403
Beginning net assets   23,178,432
Ending net assets   30,748,835
Total liabilities   6,141,966
Total assets   $36,890,801

Note: According to PetSmart Charities audited financial statements for the year ended January 31, 2010, in-kind contributions included program rent, goods and services for a total contribution of $11,460,000.

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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 BBB 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 Council of Better Business Bureaus, Inc.

This report is not to be used for fund raising or promotional purposes.

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