American College Of Veterinary Surgeons
- Assets
- $7.9m
- Revenue
- $5.6m
- Investments
- $3.4m
- Employees
- 19
- Location
- Germantown, MD
- Founding
- 11/1973
- Data as of
- 12/2022
- EIN
- 23-7143276
Organization Overview
American College Of Veterinary Surgeons is located in Germantown, MD. The organization was established in 1973. According to its NTEE Classification (G03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. As of 12/2022, American College Of Veterinary Surgeons employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American College Of Veterinary Surgeons 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 12/2022, American College Of Veterinary Surgeons generated $5.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $4.8m during the year ending 12/2022. While expenses have increased by 5.1% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
AMERICAN COLLEGE OF VETERINARY SURGEONS (ACVS) IS A MEMBERSHIP ORGANIZATION COMPRISED OF VETERINARY SURGEONS FORMED TO ADVANCE THE ART AND SCIENCE OF VETERINARY SURGERY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SURGERY SUMMIT - PROMOTES THE EDUCATION OF THE RESIDENTS AND VETERINARIANS THROUGH THE EXCHANGE OF INFORMATION, SCIENTIFIC CLASSES AND LABS IN THE MOST UP-TO-DATE PROCEDURES.
EXAMINATION EVALUATION AND COMMITTEES - THERE ARE 6 GOVERNING COMMITTEES OF ACVS. DUTIES INCLUDE PLANNING FOR THE SURGERY SUMMIT, ANNUAL EXAMINATIONS AND ADMITTANCE OF NEW MEMBERS
RESIDENCY PROGRAM - ENCOMPASSES MULTIPLE COMMITTEES THAT ESTABLISH STANDARDS FOR RESIDENCY TRAINING, INCLUDING INDIVIDUAL REQUIREMENTS FOR TRAINING, STANDARDS FOR TRAINING PROGRAMS, AND STRATEGIC INITIATIVES FOR THESE PROGRAM AREAS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jan Hawkins President-Elect | OfficerTrustee | 1 | $0 |
Susan L Fubini Chair | OfficerTrustee | 1 | $0 |
Ronald M Mclaughlin Jr President | OfficerTrustee | 1 | $0 |
Julie D Smith Treasurer | OfficerTrustee | 1 | $0 |
Kelly D Farnsworth2020-2022 Regent | Trustee | 1 | $0 |
Ursula Krotscheck Regent | Trustee | 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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $4,594,636 |
| Investment income | $112,918 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $80,064 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,563,742 |
| 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 | $10,100 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $257,610 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,447,594 |
| Pension plan accruals and contributions | $31,040 |
| Other employee benefits | $0 |
| Payroll taxes | $45,081 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $40,093 |
| Fees for services: Accounting | $7,648 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $24,226 |
| Fees for services: Other | $0 |
| Advertising and promotion | $11,893 |
| Office expenses | $289,528 |
| Information technology | $104,309 |
| Royalties | $0 |
| Occupancy | $85,527 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $348,839 |
| Interest | $0 |
| Payments to affiliates | $389,459 |
| Depreciation, depletion, and amortization | $48,530 |
| Insurance | $0 |
| All other expenses | $33,563 |
| Total functional expenses | $4,824,511 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,991,739 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $506,330 |
| 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 | $457,322 |
| Net Land, buildings, and equipment | $1,550,185 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $3,439,314 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,944,890 |
| Accounts payable and accrued expenses | $250,540 |
| Grants payable | $0 |
| Deferred revenue | $1,036,271 |
| 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 | $253,606 |
| Total liabilities | $1,540,417 |
| Net assets without donor restrictions | $6,404,473 |
| 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 | $7,944,890 |