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Mission and Programs

Mission

PetSmart Charities'' mission is to improve the quality of life for all companion animals by creating and supporting programs that save the lives of homeless pets and promote healthy relationships between people and pets. Our vision is "a lifelong, loving home for every pet."

Programs

Over the past 14 years, PetSmart Charities has provided funding in excess of $70 million to more than 3,700 nonprofit animal welfare organizations to help save the lives of homeless pets through adoptions(over 1,000 per day), spay/neuter programs (to prevent unwanted kittens and puppies), and retention programs (to keep pets in their adopted homes). PetSmart Charities also funds pilot tests of innovative, "best practices" programs which can be replicated nationwide. The Rescue Waggin' Program was created to help save the lives of homeless dogs and puppies through partnership and collaboration with local animal welfare agencies. The program also works to proactively reduce pet overpopulation in those areas of the country that need the most help. During times of natural disasters, our Emergency Relief Waggin' program provides funding to nonprofit animal welfare agencies to treat injured pets and provide food and supplies. We also provide assistance for rescues of abused and neglected animals from hoarders and "puppy mills."

Program / Activities (NTEE Code)

Animal Protection and Welfare (includes Humane Societies and SPCAs)
Fund Raising and/or Fund Distribution
Veterinary Services

Accomplishments for Fiscal Year Ending 02/03/2008

1. Celebrated our 3 millionth adoption in June 2007. More than 400,000 pets were adopted through our in-store adoption centers in 2007.
2. Nearly 5,900 dogs were transported through the Rescue Waggin' program in 2007. Since 2005, more than 17,500 dogs have been saved through this program which operates 3 routes in 21 states partnering with 54 shelters.
3. Provided more than $16 million in funding through grants and programs.

1. Provide more than $23 million in support through grants and programs. This represents an increase of more than 40% from the previous year.
2. Expand Rescue Waggin' and Emergency Relief Waggin' programs to help save the lives of more pets. The Rescue Waggin' program will add a route in the Gulf Coast.
3. Increase the number of in-store adoption centersfrom 1,000 to 1,100. We anticipate more than 430,000 pets will find new homes in 2008 through our in-store adoption program which partners with more than 3,400 local animal welfare organizations.

PETsMART Charities utilizes the expertise of Board of Director Members, volunteer consultants, and independent organizations (i.e. Charity Navigator) to rigorously assess the effectiveness of our programs as well as those of our grantees.

Chief Executive Profile

Ms. Della Maddalena has been involved in animal welfare organizations for decades. She has been a Board Member for Friends of Animal Care & Control as well as having a successful career in "for profit" companies including Northern Trust Bank. She is the proud pet parent of 3 dogs and 1 horse.

Additional Comments

>> 2006 marked the FOURTH CONSECUTIVE year PetSmart Charities has received a FOUR-STAR RATING from Charity Navigator, America's largest independent evaluator of charities. (Only 12% of charities that Charity Navigator have rated have received at least two consecutive four star evaluations.)
>> The 2006 San Jose (California) Business Journal ranked PetSmart Charities #22 in its Journal Top 35 Corporate Givers for 2005.
>> The Sacramento (California)SPCA awarded PetSmart Charities its 2006 Humane-itarian of the Year.
>> In 2005, PetSmart Charities received the Certificate of Special Congressional Recognition.
>> The Humane Society of the United States,
awarded PetSmart Charities for Helping to Save Animals Affected by Disaster in 2005 for our work in the aftermath of Hurricane Katrina and Rita.
>> In 2004, PetSmart Charities received the Legends? Circle Award from United Animal Nations.
>> The Society of Animal Welfare Administrators awarded PetSmart Charities the Platinum Collar Award in 2004.

Financial Data
From the organization's FORM 990

Revenue and Expenses: Fiscal Year Ending February 3, 2008

Revenue			Expenses
Contributions $23,137,871 Government Grants $0 Program Services $0 Investments $1,456,416 Special Events $37,387 Sales $0 Other $1,018,298			Program Services $16,534,989 Administration $738,297 Other $1,788,623 Total Expenditures $19,061,909
Total Revenue	$25,649,972		NET GAIN/LOSS	$6,588,063

Balance Sheet: Fiscal Year Ending February 3, 2008

Notes
The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot long survive, but the types of assets and liabilities also must be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.

Assets	Jan 30, 2007	Feb 3, 2008	Change
Cash & Equivalent	$2,877,160	$3,457,580	$580,420
Accounts Receivable	$1,251,573	$2,101,743	$850,170
Pledges & Grants Receivable	$0	$0	$0
Receivables/Other	$0	$0	$0
Inventories for Sale or Use	$0	$0	$0
Investments/Securities	$16,151,235	$19,473,378	$3,322,143
Investments/Other	$0	$0	$0
Fixed Assets	$169,477	$187,684	$18,207
Other	$401,090	$406,407	$5,317
Total Assets	$20,850,535	$25,626,792	$4,776,257
Liabilities	Jan 30, 2007	Feb 3, 2008	Change
Accounts Payable	$487,378	$625,354	$137,976
Grants Payable	$3,063,201	$1,206,991	$(1,856,210)
Deferred Revenue	$290,550	$492,100	$201,550
Loans and Notes	$0	$0	$0
Tax-Exempt Bond Liabilities	$0	$0	$0
Other	$0	$0	$0
Total Liabilities	$3,841,129	$2,324,445	$(1,516,684)
FUND BALANCE	$17,009,406	$23,302,347	$6,292,941

Comments from the organization
PetSmart Charities is funded by private donations, mainly from individuals. PetSmart Inc., a $6 Billion, publicly traded corporation, provides some funding as well and all PetSmart Charities financials are secured by the assets of the corporation.

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