Companion Animal Network Inc

Low Cost Vet Mobile

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 271643939 ✦ Fresh meadows, NY ✦ Designated as a 501(c)(3)

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Overview

What is Companion Animal Network Inc?

The Companion Animal Network Inc, also known as Low Cost Vet Mobile, is a New York-based nonprofit organization dedicated to serving the community by preventing pet euthanasia at municipal animal shelters. With three employees, they offer free and affordable veterinary services to low-income pet owners through two mobile hospitals. Their mission is rooted in the belief that every pet deserves proper medical care, regardless of their owners' financial situation. By providing essential veterinary services, Companion Animal Network Inc not only saves lives but also strengthens the bond between pet and owner.


Official website here: www.lowcostvet.org

What are the reviews and ratings of this charity?

Charity Navigator Rating 77%

Companion Animal Network Inc has received a Three-Star out of Four Star rating from Charity Navigator, indicating a solid performance in accountability and finance with a score of 77%. This score is derived entirely from the Accountability & Finance beacon, showcasing the organization's commitment to transparency and responsible financial management.

The nonprofit demonstrates exceptional governance with a fully independent board, scoring 100% for board independence, and it has strong policies in place, including conflict of interest and whistleblower policies. Additionally, the organization has shown a remarkable program expense ratio of 100%, indicating that all funds are directed towards its programs rather than administrative costs.

While the overall rating is positive, it is important to note that the score reflects only one aspect of the organization's operations. Prospective donors and supporters might want to consider additional factors such as program effectiveness and community impact for a comprehensive understanding of the nonprofit's performance.


This AI summary has been generated from information found on Charity Navigator.

Is Companion Animal Network Inc legitimate?

Companion Animal Network Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Companion Animal Network Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $551,060

For more financial information, click here


Official website here: www.lowcostvet.org

What is the mission statement of Companion Animal Network Inc?

The Companion Animal Network Inc is dedicated to preventing the euthanasia of pets in municipal animal shelters. They accomplish this mission by offering affordable veterinary services to those with financial limitations. Through the use of two mobile veterinary hospital trucks, they bring essential care directly to the pet owners in need. By providing these vital services, the organization helps keep cherished pets out of shelters and ensures they can continue to live happily with their families.


Official website here: www.lowcostvet.org

Who is the CEO of Companion Animal Network Inc?

Garo Alexanian is the Veterinarian of Companion Animal Network Inc.


Official website here: www.lowcostvet.org

What is the revenue of Companion Animal Network Inc?

Companion Animal Network Inc's revenue in 2022 was $1,361,600.


Official website here: www.lowcostvet.org

Who are the executives of Companion Animal Network Inc and what are their salaries?

The average compensation at Companion Animal Network Inc during 2022 was $183,687. There are 3 employees and 1 volunteer at Companion Animal Network Inc.


Here are 7 key members and their salaries:


Ashraf Hussein (Veterinarian)
  • Compensation: $182,492
  • Related: $0
  • Other: $0
Damascus Lopez (Operations Manager)
  • Compensation: $19,642
  • Related: $0
  • Other: $0
Garo Alexanian (President/Chairman/Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Charles Nicholas (General Counsel)
  • Compensation: $0
  • Related: $0
  • Other: $0
Peter Goetz (Vice Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bruce Eisen (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kevin Kirk (Veterinarian)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.lowcostvet.org

Where can I find the form 990 for Companion Animal Network Inc?

Companion Animal Network Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.lowcostvet.org

Learn more at the official website: www.lowcostvet.org

Mission Statement of Companion Animal Network Inc

Companion Animal Network Inc, a nonprofit organization, is dedicated to preventing the euthanasia of pets at municipal animal shelters. They achieve this mission by providing essential veterinary services to low-income pet owners at affordable costs. With two mobile veterinary hospital trucks, they bring vital healthcare solutions directly to those in need. Through their services, they aim to keep cherished family pets out of shelters, allowing them to remain with their loving families. The organization's commitment to the welfare of pets and their owners is unwavering, making a significant difference in the lives of countless animals and their human companions.

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Impact




October, 2024

Companion Animal Network Inc significantly impacts animal welfare by preventing the euthanasia of pets in municipal animal shelters. By offering free and low-cost veterinary services through two mobile veterinary hospital trucks, they provide essential medical care to low-income pet owners, ensuring that pets receive the necessary treatment to stay healthy and remain with their families. This initiative not only saves lives but also fosters stronger bonds between pets and their owners, promoting responsible pet ownership and reducing the strain on local animal shelters. Operating out of Fresh Meadows, NY, their mission directly contributes to a decrease in the number of animals surrendered to shelters, making a vital difference in the community.




This information is meant to be a general summary of Companion Animal Network Inc. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$1,361,600 (2022)
Expenses
$870,687 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $20,870
  • Program Service Revenue: $1,326,730
  • Gross Receipts: $1,361,600

Assets and Liabilities:

  • Total Assets: $4,501,858
  • Total Liabilities: $0
  • Net Assets: $4,501,858

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Organization Details

Founding Year

2008

Principal Officer

Garo Alexanian

Main Address

59-52 160 St, FResh Meadows, NY, 11365

NTEE Category

Code: D40 - Animals

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