Spay Neuter Initiative Program
Nonprofit profile at a glance
- EIN
- 844734799
- IRS 990-EZ coverage
- 2021–2025
- Forms available
- Form 990-EZ 2025, Form 990-N 2020
- Location
- Sanford, NC, USA
- Phone
- 9106217647
- Rating
- 95
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Veterinary Services
Reported finances
- Revenue
- $66,422
- Expenses
- $95,160
- Assets
- $164,145
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
4 people listed
Executive titles in this filing
- Cynthia Eaton (President)
- Paul Ku (Vice President)
People named in this filing
- Cynthia Eaton (President)
- Paul Ku (Vice President)
- Lisa Kivett (Secretary)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Provide subsidies for and promote spay, neuter and wellness care for ferals, owned animals in need and rescue groups. To improve access to veterinary care for owners and ensure that they are able to get the care needed.
What it reported doing in 2025
Subsidized surgeries for shelter animals, Ferals and Owned animals. Allowed owners to only pay a small copay and remaining surgery costs are covered by grant. This program was a complimation of small grants received by several small organizations to maximize benefit.
Operating model
- Revenue model
- Donor-supported. 99% of the money available for current operations came from contributions and gifts.
- Distribution model
- Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and revenue has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 100
- Transparency & Controls: 100
- Sustainability: 39
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 98.7%; rating input score 99
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: -43.3%; rating input score 13; 13th percentile among comparable filings
- Total-asset coverage ratio: 1.72; rating input score 62; 62nd percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 66; 66th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: 8.3% per year; rating input score 100; 68th percentile among comparable filings
- Revenue growth: -9% per year; rating input score 0; 26th percentile among comparable filings
- Asset growth: 21.2% per year; rating input score 100; 85th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 98.7% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 3 filed program accomplishments · $94K in reported program spending
- Leadership: top reported pay $0 · 4 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 2 filed schedules
- Filing history: 5 filing years from 2021 to 2025
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- Related organizations: Filed and resolved organization relationships.
- 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.
- High — Sustainability: Operating margin scored 13/100.
- High — Growth: Revenue growth scored 0/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.