Peggy Adams Animal Rescue League 2020 Annual Report
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<strong>2020</strong> Financials<br />
Our promise is to work diligently,<br />
Saving lives.<br />
REVENUE*<br />
Contributions, Grants, Events & Retail * $9,574,806<br />
Programs $1,308,760<br />
Investment Income $1,253,396<br />
TOTAL REVENUE $12,136,962<br />
EXPENSES<br />
Programs $8,986,984<br />
General & Administrative $743,364<br />
Fundraising & Marketing $761,171<br />
TOTAL EXPENSES $10,491,519<br />
FINANCIAL POSITION<br />
Cash & Investments $37,921,020<br />
Property & Equipment, Net $67,703,903<br />
Other Assets $28,255,532<br />
TOTAL ASSETS $134,276,114<br />
skillfully and lovingly for the animals.<br />
308<br />
86 cents of every dollar supported our<br />
programs and services for the animals<br />
in <strong>2020</strong>.<br />
86 % 7 %<br />
Building a more<br />
humane community.<br />
Together.<br />
Lost Pets Reunited<br />
with Their Grateful<br />
Guardians<br />
TOTAL LIABILITIES $2,231,094<br />
Net Assets without Donor Restrictions $49,468,001<br />
Net Assets with Donor Restrictions $82,577,019<br />
TOTAL NET ASSETS $132,045,020<br />
TOTAL LIABILITIES AND NET ASSETS $134,276,114<br />
General & Administration<br />
Fundraising & Marketing<br />
Programs & Services<br />
*Due to IRS 990 reporting requirements, unrealized investment gains and changes to the fair market value of restricted assets are not included<br />
in revenue, as reported above. <strong>Peggy</strong> <strong>Adams</strong> <strong>Animal</strong> <strong>Rescue</strong> <strong>League</strong> is an annual beneficiary of a charitable foundation trust that distributed<br />
$2,486,354 in <strong>2020</strong>. We extend our warmest thanks for the continued generous support of so many caring friends here in our community and<br />
beyond. Thanks to you, we are saving lives and building a more humane Palm Beach County.<br />
7 % Non-Profit of the Year<br />
In March of 2018, <strong>Peggy</strong> <strong>Adams</strong> <strong>Animal</strong> <strong>Rescue</strong> <strong>League</strong> launched a capital campaign to build a new Pet Adoption Center. This building,<br />
which will allow us to potentially save twice as many animals, has been completed and opened to the Public as of March 2021. Per financial<br />
accounting standards, donations and pledges to the capital campaign are included in Revenues from Contributions, Grants, Events & Retail,<br />
along with revenues supporting our annual operating fund. Cumulative capital campaign funds received are reflected within the Net Assets<br />
with Donor Restrictions.<br />
A Joyful Reunion – A Long Time Coming!<br />
None of the work we do is more important than reuniting lost animals with their loving<br />
families. In <strong>2020</strong>, we witnessed 308 joyous and tearful reunions at <strong>Peggy</strong> <strong>Adams</strong>. The most<br />
amazing, emotional and heartwarming example of this happened on September 9 th when we<br />
called Sasha’s dad to tell him we had found his beloved dog. He had been searching for Sasha<br />
for six years. The beautiful photograph above of Sasha and her dad says it all.<br />
25 <strong>Peggy</strong> <strong>Adams</strong> <strong>Animal</strong> <strong>Rescue</strong> <strong>League</strong> • <strong>Peggy</strong><strong>Adams</strong>.org <strong>Annual</strong> <strong>Report</strong> <strong>2020</strong> 26