Pawsitivity Service Dogs

FINANCIALS

Financials and Annual Reports for Donors and Grantmakers

Financials for Donors and Grantmakers

Your donation can change the lives of veterans and their families. Pawsitivity Service Dogs for Veterans is one of the few service dog nonprofits that has been evaluated by an independent third party. This Impact Evaluation found that our service dogs help with PTSD, anxiety, and depression, helping clients get back to work and school.

Pawsitivity has been training service dogs since 2012. We are a 501(c)(3) nonprofit organization, which means that your donations are tax-deductible. Here are our last three years of annual reports, 990s, and CPA-reviewed financials.

  

 

2023

 

2022

 

2021

 

   

Your donation is tracked.

Pawsitivity Service Dogs for Veterans is a nonprofit 501(c)(3) organization that helps veterans with disabilities. We are registered in the state of Minnesota and do not receive any money from the government. Instead, we rely on donations from individuals to provide specially trained service dogs to veterans.

Pawsitivity is committed to being accountable to its donors. We have been recognized by the Charities Review Council and Guidestar for our high standards of accountability.

Pawsitivity's annual reports include financial information like the Statement of Operations (SOP), Statement of Assets (SOA), and Statement of Functional Expenses (SFE). Here is a summary of the key elements of the 2022 report:

  • How much of Pawsitivity's 2022 expenses went to administrative and developmental costs?

    Pawsitivity Service Dogs for Veterans spent 8.41% of its money in 2022 on administrative expenses, like paying its staff and rent. It spent 7.92% of its money on developmental expenses, like marketing and fundraising. The rest of its money, 83.67%, was spent on programs, like training service dogs. 

    The Charity Review Council considers 83.67% to be a very high standard for program spending. This means that Pawsitivity is a effective organization to donate to, because most of your money will go directly to helping veterans.

  • What is Pawsitivity's Employer Identification Number (EIN)?

    Our Employer Identification Number (EIN) is 47-146634. This number is used by the government to identify Pawsitivity as a tax-exempt organization. This means that all donations to Pawsitivity are 100% tax-deductible.

    If you donate to Pawsitivity, you can deduct the amount of your donation from your taxable income. This means that you will not have to pay taxes on the money that you donate.

  • What is Pawsitivity's contact info?

    Pawsitivity Service Dogs for Veterans, 197 Griggs St N, St Paul, MN 55104. 651-321-3647, [email protected], http://www.pawsitivityservicedogs.com.

 

Your donation is wisely used.

Some people think that the best way to judge a nonprofit is by how much of their money they spend on their programs. Pawsitivity gets top marks in this area, because we spend 83.67% of your money on programs.

Other people think that there are other financial metrics that are better for judging nonprofits. Here are some other metrics that are sometimes used:

  • Pawsitivity has a 128% Operating Reserve, which is over one year of liquid unreserved net assets (LUNA). This high Primary Reserve Ratio is one reason why we were able to keep running during the Covid pandemic. This shows that Pawsitivity a responsible organization that is good at managing money.

  • Pawsitivity has no debt! That means they don't owe any money to anyone. This is called a 0% Debt Ratio. A low debt ratio is good for an organization because it means we are not in danger of going bankrupt. Pawsitivity's 0% debt ratio is one of the things that makes us a strong organization. Pawsitivity's 0% debt ratio also contributes to a High Viability Ratio. Viability ratio is a measure of an organization's ability to pay its debts. Pawsitivity's high viability ratio is another sign that we are a strong and stable organization.

Overall, Pawsitivity's finances are in very good shape. We have a high primary reserve ratio and a high viability ratio. This means that you can be confident that your donation will help continue our mission of training service dogs for veterans.

Donate online or contact us directly to discuss grants, bequests, or special donations. We are available by mail, phone, or email at Pawsitivity Service Dogs for Veterans, 197 Griggs St N, St Paul, MN 55104, 651-321-3647, [email protected].

    

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