Massachusetts Veterinary Medical Association
- Assets
- $548.7k
- Revenue
- $364.2k
- Investments
- $0.0
- Employees
- 2
- Location
- Marlborough, MA
- Founding
- 01/1975
- Data as of
- 12/2021
- EIN
- 04-2446458
Organization Overview
Massachusetts Veterinary Medical Association is located in Marlborough, MA. The organization was established in 1975. According to its NTEE Classification (D40) the organization is classified as: Veterinary Services, under the broad grouping of Animal-Related and related organizations. As of 12/2021, Massachusetts Veterinary Medical Association employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Massachusetts Veterinary Medical Association 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, Massachusetts Veterinary Medical Association generated $364.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.4%) each year. All expenses for the organization totaled $263.1k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (8.2%) per year over the past 7 years. 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
PROVIDE QUALITY VETERINARY EDUCATION AND NETWORKING OPPORTUNITIES TO MEMBERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ASSOCIATION CONDUCTS MEETINGS AND EDUCATION FOR VETERINARIANS.
MVMA'S JOB BANK ALLOWS VISITORS TO POST AND READ EMPLOYMENT OPPORTUNITIES FOR VETERINARIANS, TECHNICIANS, AND OTHER VETERINARY OFFICE STAFF, OR PRACTICES AND ITEMS FOR SALE.
MVMA PUBLISHES THE MASSVET NEWS SIX TIMES PER YEAR AND DISTRIBUTES IT AT NO CHARGE TO MEMBER VETERINARIANS AND VETERINARY STUDENTS. THE MASSVET NEWS IS AVAILABLE ONLINE IN A MEMBERS-ONLY SECTION OF THE WEBSITE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jamie Falzone Executive Director | Officer | 40 | $77,355 |
Dr Bonnie Smith President | OfficerTrustee | 1 | $0 |
Dr Monica Mansfield President-Elect | OfficerTrustee | 1 | $0 |
Dr April Paul Treasurer | OfficerTrustee | 1 | $0 |
Dr Ilene Segal Past President | OfficerTrustee | 1 | $0 |
Dr Michelle Belvin Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $61,234 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $61,234 |
| Total Program Service Revenue | $295,752 |
| Investment income | $3,638 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $3,604 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $364,228 |
| 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. | $77,355 |
| Compensation of current officers, directors, key employees. | $30,942 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $51,400 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,575 |
| Payroll taxes | $14,052 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,638 |
| Fees for services: Accounting | $13,144 |
| Fees for services: Lobbying | $806 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,314 |
| Office expenses | $8,647 |
| Information technology | $11,560 |
| Royalties | $0 |
| Occupancy | $18,168 |
| Travel | $3,280 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $12,447 |
| Interest | $2,008 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,967 |
| Insurance | $6,194 |
| All other expenses | $2,010 |
| Total functional expenses | $263,051 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $189,404 |
| Savings and temporary cash investments | $152,541 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $25,790 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $10,010 |
| Net Land, buildings, and equipment | $108,830 |
| Investments—publicly traded securities | $62,133 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $548,708 |
| Accounts payable and accrued expenses | $15,934 |
| Grants payable | $0 |
| Deferred revenue | $159,935 |
| 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 | $47,877 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $223,746 |
| Net assets without donor restrictions | $324,962 |
| 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 | $548,708 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Animal Medical Center New York, NY | $176,948,997 | $102,313,636 |
Speak Animal Hospital Pc Binghamton, NY | $862,491 | $2,539,772 |
Rescue City Inc Brooklyn, NY | $156,502 | $527,111 |
Animal Rescue Veterinary Services Londonderry, NH | $562,749 | $461,896 |
Massachusetts Veterinary Medical Association Marlborough, MA | $548,708 | $364,228 |
Encompass Animal Health Inc Hamburg, NY | $69,882 | $298,058 |
Vermont Veterinary Medical Association Essex Junction, VT | $185,008 | $0 |
Rhode Island Veterinary Medical Association Providence, RI | $343,179 | $227,179 |
The Connecticut Veterinary Medical Association Providence, RI | $244,972 | $162,686 |
New Hampshire Veterinary Medical Association Amherst, NH | $370,111 | $192,637 |
Long Island Veterinary Medical Association Inc Garden City, NY | $234,401 | $0 |
Veterinary Medical Association Of Nyc Inc New York, NY | $618,286 | $64,411 |