Maine Veterinary Medical Association Inc
- Assets
- $492.5k
- Revenue
- $210.5k
- Investments
- $0.0
- Employees
- 1
- Location
- Portland, ME
- Founding
- 12/1995
- Data as of
- 12/2021
- EIN
- 01-0482076
Organization Overview
Maine Veterinary Medical Association Inc is located in Portland, ME. The organization was established in 1995. According to its NTEE Classification (D03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Animal-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Maine Veterinary Medical Association Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, Maine Veterinary Medical Association Inc generated $210.5k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.7% each year . All expenses for the organization totaled $172.1k during the year ending 12/2021. While expenses have increased by 6.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORT MAINE VETERINARIANS AS THEY WORK TO IMPROVE THE WELL-BEING OF ANIMALS, TO ENCOURAGE THE HUMAN-ANIMAL BOND, AND TO PROTECT PUBLIC HEALTH FOR THE BENEFIT OF THE VETERINARY PROFESSION AND THE CITIZENS OF MAINE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HELD CONTINUING EDUCATION SEMINARS FOR MEMBERS AND NON-MEMBERS ON TOPICS PERTAINING TO THE PRACTICE OF VETERINARY MEDICINE AND STUDENT LOAN MANAGEMENT.
PUBLISHED NEWSLETTERS CONTAINING INFORMATION OF INTEREST AND IMPORTANCE TO VETERINARIANS; MAILED COPIES OF EACH NEWSLETTER TO THE MEMBERS AND OTHER PERSONS INTERESTED IN THE PRACTICE OF VETERINARY MEDICINE.
ADVOCACY: TESTIFYING ON LEGISLATION RELATED TO ANIMAL WELFARE AND VETERINARY MEDICINE, MAINTAINING RELATIONSHIPS WITH STATE REGULATORY BODIES, MEDIA ANNOUNCEMENTS REGARDING ANIMAL HEALTH, AND PROMOTING VETERINARY EDUCATION AND VETERINARY TECHNICIAN EDUCATION.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Katherine Soverel Executive Director | Officer | 40 | $53,294 |
Dr Samantha Hodgkins Treasurer | OfficerTrustee | 2 | $0 |
Dr Joseph Sipe-Edelman Vice President | OfficerTrustee | 2 | $0 |
Dr Casey Cole President | OfficerTrustee | 2 | $0 |
Dr Janelle Tirrell Past President | OfficerTrustee | 2 | $0 |
Dr David Cloutier Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $89,400 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $13,740 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $103,140 |
| Total Program Service Revenue | $83,605 |
| Investment income | $13,853 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $9,922 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $210,520 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $53,294 |
| Compensation of current officers, directors, key employees. | $18,653 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $10,644 |
| Other employee benefits | $0 |
| Payroll taxes | $4,840 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,345 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,099 |
| Fees for services: Other | $731 |
| Advertising and promotion | $0 |
| Office expenses | $16,666 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $7,606 |
| Travel | $496 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $21,564 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $826 |
| All other expenses | $0 |
| Total functional expenses | $172,074 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $145,308 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $214 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $346,452 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $500 |
| Total assets | $492,474 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,273 |
| Total liabilities | $2,273 |
| Net assets without donor restrictions | $490,201 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $492,474 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American College Of Laboratory Animal Medcine Chester, NH | $3,309,656 | $850,459 |
Pixels Posse Inc Orrington, ME | $114,306 | $266,618 |
New England Veterinary Medical Association Portland, ME | $490,686 | $236,042 |
Maine Veterinary Medical Association Inc Portland, ME | $492,474 | $210,520 |
Massachusetts Horsemens Council Inc Seabrook, NH | $268,371 | $189,800 |
Maine Federation Of Humane Societies Inc West Kennebunk, ME | $203,585 | $0 |
Eastern Maine Agility Club Inc Hampden, ME | $44,263 | $0 |
The Lakes Region Kennel Club Inc Meredith, NH | $27,725 | $0 |