Gentle Giant's 2005 IRS 990EZ Return
Gentle Giant's 2004 IRS 990EZ Return
Gentle Giant's 2003 IRS 990EZ Return
(Partial Year from May 5th through December 31st )
2005 ... Total Dogs Adopted = 300 dogs
2004 ... Total Dogs Adopted = 200 dogs
2003 ... Total Dogs Adopted = 50 dogs
2005 ... Total Adoption Fees = $351,359.00
2004 ... Total Adoption Fees = $222,493.00
2003 ... Total Adoption Fee = $ 21,333.00
2005 ... Total Veterinary Costs = $57,690.00
2004 ... Total Veterinary Costs = $44,564.00
2003 ... Total Veterinary Costs = $ 22,318.00
2005 ... Tracy's Salary = $0.00
2004 ... Tracy's Salary = $47,292.00
2003 ... Tracy's Salary = $7,000.00
2005 ... Occupancy $ 29,112.00
2004 ... Occupancy $0.00
2003 ... Occupancy $0.00
2005 ... Transportation $35,144.00
2004 ... Transportation $35,020.00
2003 ... Transportation $ 3,297.00
2005 ... Training $30,159.00 (Don't they train themselves?)
(Shouldn't this be an INCOME instead of an EXPENSE?)
2005 ... Kenneling $43,350.00 (This is new ... too many dogs?)
I will let you all come to you own conclusions, but there were a few things that made me say "Hmmm" about these returns.
I have highlighted a few of the "expenses" and statistics of the past few years.
The first thing that comes to mind is the QUANTITY of dogs they have adopted out. According to their own "press" **, over the past 10 years they have adopted out over 6000 dogs.... which you all can do the math ... averages out to around 600 dogs per year. Yet, they are telling IRS that they have only adopted out only 550 dogs over a 3 year period. So ... which is it? Makes me say "Hmmmmm".
** www.gentlegiantsrescue.com/about.html
The next thing that comes to mind if the GROSS adoption fees.
- During the year 2005, their gross adoption fees came to $351,359.00. And according to what they disclosed to IRS, they only adopted out 300 dogs. Again, do the math ... that comes to an adoption fee of $1,171.19 PER DOG. (They must have run out of Great Danes and are now only dealing in Borzois)
- During the year 2004, their gross adoption fees came to $222,493.00... and disclosed to IRS a total of 200 dogs adopted. What do you know ... their adoption fees were a little bit less that year ... only came to $1,112.46 PER DOG.
- During the year 2003, their gross adoption fees came to $21,333.00 ... and disclosed to IRS a total of 50 dogs adopted. Wow, they were almost giving the dogs away that year ... only came to $426.66 PER DOG.
The only other item that I will comment on the the "Training" expense. Shouldn't this be an INCOME? Don't they do their own training. Don't they charge their customers $700.00 for a 6-month training program?
Everything else, I will let you come to your own conclusions. I would love to hear your thoughts and opinions about it.
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