ASPCA Form 990
A Form 990 is a tax return that tax-exempt organizations, such as the ASPCA, must file with the IRS. It provides information about the organizations missions, programs, and finances. The American Society for the Prevention of Cruelty to Animals (ASPCA), a tax-exempt organization that must file a Form 990, has made it its mission to prevent cruelty to animals throughout the U.S., including program initiatives, animals health AVCS, and anit-cruelty. According to the Form 990 filed for the year 2012, the ASPCA had total revenue of $163,615,458 and total expenses of $168,616,519 resulting in a net loss of $5001,061. In 2013, they had revenues of $171665,748 and expenses of $173,064,741, which caused a net loss of $1,398,992. While they still had a net loss in 2013, that loss decreased due to the fact that the ASPCA received more revenue in 2013 and decreasing their expenses. Part 8, the Statement of Revenue, and Part 9, the Statement of functional expenses, in the Form 990 go more in depth as to why revenues increased in 2013, but also why the expenses increased as well. The Form 990 also explains additional programs of the ASPCA, such as the work of the Animals Poison Control Center (APPC), a 24-hour telephone hotline in Illinois that responds to pet emergencies for animal toxicology treatment and shelter veterinary services. Other organizations within the ASPCA include, the ASPCA Animal Hospital (AAH) and American Animal Hospital Association (AAHA). The Form 990 is very important for an accounting student to look more in depth to better understand why a non-profit organization is profitable or not.
ACTG 470 Accounting for Non-Profit Organizations
Stacey Lewis
P103