TY 2022 Form 990 Schedule L

efile Public Visual Render ObjectId: 202322279349302007 - Submission: 2023-08-15 TIN: 93-1140967

Schedule L
(Form 990)

Department of the Treasury
Internal Revenue Service

Transactions with Interested Persons

Complete if the organization answered "Yes" on Form 990, Part IV, lines 25a, 25b, 26, 27, 28a, 28b, or 28c, or Form 990-EZ, Part V, line 38a or 40b.
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Attach to Form 990 or Form 990-EZ.
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Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047

2022

Open to Public Inspection

Name of the organization

PETSMART CHARITIES INC

Employer identification number

93-1140967

Part I

Excess Benefit Transactions (section 501(c)(3), section 501(c)(4), and section 501(c)(29) organizations only).
Complete if the organization answered "Yes" on Form 990, Part IV, line 25a or 25b, or Form 990-EZ, Part V, line 40b.

1(a) Name of disqualified person	(c) Description of transaction	(d) Corrected?
1(a) Name of disqualified person	(c) Description of transaction	Yes	No

Enter the amount of tax incurred by the organization managers or disqualified persons during the year under section 4958. ........................... right arrow

Enter the amount of tax, if any, on line 2, above, reimbursed by the organization ........ right arrow

Part II

Loans to and/or From Interested Persons.
Complete if the organization answered "Yes" on Form 990-EZ, Part V, line 38a, or Form 990, Part IV, line 26; or if the organization reported an amount on Form 990, Part X, line 5, 6, or 22

(a) Name of interested person	(b) Relationship with organization	(c) Purpose of loan	(d) Loan to or from the organization?		(e) Original principal amount	(f) Balance due	(g) In default?		(h) Approved by board or committee?		(i) Written agreement?
(a) Name of interested person	(b) Relationship with organization	(c) Purpose of loan	To	From	(e) Original principal amount	(f) Balance due	Yes	No	Yes	No	Yes	No




Total ............... $

Part III

Grants or Assistance Benefiting Interested Persons.
Complete if the organization answered "Yes" on Form 990, Part IV, line 27.

(a) Name of interested person	(b) Relationship between interested person and the organization	(c) Amount of assistance	(d) Type of assistance	(e) Purpose of assistance

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.

Cat. No. 50056A

Schedule L (Form 990) 2022

Part IV

Business Transactions Involving Interested Persons.
Complete if the organization answered "Yes" on Form 990, Part IV, line 28a, 28b, or 28c.

(a) Name of interested person	(b) Relationship between interested person and the organization	(c) Amount of transaction	(d) Description of transaction	(e) Sharing of organization's revenues?
(a) Name of interested person		(c) Amount of transaction	(d) Description of transaction	Yes	No
(1) PETSMART LLC	SUBSTANTIAL CONTRIBUTOR	6,059,480	MANAGEMENT FEE		No
(2) PETSMART LLC	SUBSTANTIAL CONTRIBUTOR	4,507,842	ROYALTY INCOME		No

Part V

Supplemental Information
Provide additional information for responses to questions on Schedule L (see instructions).

Return Reference	Explanation
PART IV	THE FEE PAID TO PETSMART LLC IS CAPPED ANNUALLY AND THE VALUE OF THE USE OF REAL PROPERTY, MANAGEMENT AND ADMINISTRATIVE SERVICES, PRODUCTS AND SUPPLIES RECEIVED BY PCI UNDER THE AGREEMENT OVERWHELMINGLY EXCEEDS THE PAYMENTS MADE TO PETSMART LLC, BY A RATIO GREATER THAN 3.9:1. PCI INCURRED $6,059,480 OF EXPENSES UNDER THE MANAGEMENT SERVICES AGREEMENT WITH PETSMART LLC FOR THE FISCAL YEAR ENDED JANUARY 29, 2023.

Return Reference

Explanation

PART IV

THE FEE PAID TO PETSMART LLC IS CAPPED ANNUALLY AND THE VALUE OF THE USE OF REAL PROPERTY, MANAGEMENT AND ADMINISTRATIVE SERVICES, PRODUCTS AND SUPPLIES RECEIVED BY PCI UNDER THE AGREEMENT OVERWHELMINGLY EXCEEDS THE PAYMENTS MADE TO PETSMART LLC, BY A RATIO GREATER THAN 3.9:1. PCI INCURRED $6,059,480 OF EXPENSES UNDER THE MANAGEMENT SERVICES AGREEMENT WITH PETSMART LLC FOR THE FISCAL YEAR ENDED JANUARY 29, 2023.

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