Friends of Indianapolis Animal Care & Control Foundation Inc

Nonprofit profile at a glance

EIN
320099654
IRS 990 coverage
2020–2024
Forms available
Form 990 2024
Location
Indianapolis, IN, USA
Phone
3172077868
Rating
74
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Animal Protection and Welfare

Official website

Reported finances

Revenue
$2,636,048
Expenses
$1,224,454
Assets
$5,598,702
Liabilities
$9,044

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

16 people listed

Executive titles in this filing

  • Becky Honeywell (Executive Director)
  • Jason Larrison (President)
  • Marie Koenig (Vice President)

Highest reported compensation

  • Becky Honeywell (Executive Director): $120,000 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The Friends of Indy Animals works alongside Indianapolis Animal Care Services to strategically provide essential support for the agency and to improve the quality of life for animals in Indianapolis.

What it reported doing in 2024

Adopter Support Program -- Once animals are adopted we want to equip their new families with the tools they need to be successful so their pets remain in loving homes and don't end up back at the shelter. Animals in the shelter can develop behavior issues if their stay is too long. To improve chances for adoption success, we provide training assistance for adopters whose newly adopted pets may have short-term issues. We also offer free classes to the public so they can learn more about what they can do to set their dogs up for success after bringing them home from the shelter.

Operating model

Revenue model
Donor-supported. 92% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 92% of its reported program spending out as grants.

The verdict

SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and fundraising costs are high for each dollar raised.

Rating breakdown

  • Financial Efficiency: 49
  • Transparency & Controls: 90
  • Accountability: 90
  • Sustainability: 82
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 38.4%; rating input score 38
  • Program expense ratio: 71.3%; rating input score 71
  • Fundraising efficiency: $11.37 raised per $1 spent on fundraising; rating input score 42; 42nd percentile among comparable filings

Transparency & Controls

  • Consistency checks: 93.3%; rating input score 93; 17th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 6 of 8 controls in place; rating input score 75
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 53.5%; rating input score 93; 93rd percentile among comparable filings
  • Total-asset coverage ratio: 4.57; rating input score 82; 82nd percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 92; 92nd percentile among comparable filings
  • Officer compensation ratio: 9.8%; rating input score 30; 30th percentile among comparable filings

Growth

  • Program expense growth: 26.9% per year; rating input score 100; 91st percentile among comparable filings
  • Revenue growth: 33.1% per year; rating input score 100; 95th percentile among comparable filings
  • Asset growth: 46.6% per year; rating input score 100; 97th percentile among comparable filings

Details

  • Where the money goes: 38.4% of revenue deployed · 71.3% of spending went to programs
  • Governance: 13 of 13 board members independent · 6 of 8 filing controls reported
  • Programs: 5 filed program accomplishments · $873K in reported program spending
  • Leadership: top reported pay $120K · 16 people listed
  • Consistency: 43 of 44 current checks pass · 1 finding to review
  • Schedules: 5 filed schedules · includes major donors and grants
  • Filing history: 4 filing years from 2020 to 2024
  • Contacts: How to reach this organization
  • Money network: 4 filed money-flow records
  • Related organizations: 3 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Financial Efficiency: Mission deployment rate scored 38/100.
  • Moderate — Financial Efficiency: Fundraising efficiency scored 42/100.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • Moderate — Sustainability: Officer compensation ratio scored 30/100.
  • Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.