Maine Veterinary Education Foundation
- Assets
- $520.6k
- Revenue
- $29.7k
- Investments
- $417.6k
- Employees
- 0
- Location
- Augusta, ME
- Founding
- 11/1998
- Data as of
- 12/2022
- EIN
- 31-1599553
Organization Overview
Maine Veterinary Education Foundation is located in Augusta, ME. The organization was established in 1998. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Maine Veterinary Education Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Maine Veterinary Education Foundation generated $29.7k 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 (4.8%) each year. All expenses for the organization totaled $42.1k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Maine Veterinary Education Foundation has awarded 75 individual grants totaling $295,400. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED FUNDING FOR COLLEGE-LEVEL EDUCATION SCHOLARSHIPS; THE EXEMPT PURPOSE OF THE ORGANIZATION IS TO PROVIDE SCHOLARSHIP ASSISTANCE TO FULL-TIME STUDENTS OF VETERINARY MEDICINE AND VETERINARY TECHNICIAN STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Katherine Soverel Executive Director | 3 | $0 | |
Dr Janelle Tirrell Past President | 1 | $0 | |
Dr Samantha Hodgkins Treasurer | 1 | $0 | |
Dr David Cloutier Director | 1 | $0 | |
Dr Casey Cole President | 1 | $0 | |
Dr Kate Domenico Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,460 |
| Interest on Savings | $16 |
| Dividends & Interest | $16,323 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $11,891 |
| Capital Gain Net Income | $11,891 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $29,690 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $488 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $575 |
| Total operating and administrative expenses | $10,074 |
| Contributions, gifts, grants paid | $32,000 |
| Total expenses and disbursements | $42,074 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $25,088 |
| Savings and temporary cash investments | $76,944 |
| Net Accounts receivable | $795 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $160 |
| Total assets | $520,625 |
| Accounts payable and accrued expenses | $1,541 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $5,000 |
| Total liabilities | $6,541 |
Grants Awarded
Over the last fiscal year, Maine Veterinary Education Foundation has awarded $32,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
ALEX DANNER PURPOSE: EDUCATION SCHOLARSHIP | $5,000 |
SYDNEY PAGE PURPOSE: EDUCATION SCHOLARSHIP | $5,000 |
NATALIE JURIS PURPOSE: EDUCATION SCHOLARSHIP | $5,000 |
NICOLE HOFACKER PURPOSE: EDUCATION SCHOLARSHIP | $7,500 |
CASSANDRA MILLER PURPOSE: EDUCATION SCHOLARSHIP | $7,500 |
LIBERTY CHESTNUT PURPOSE: EDUCATION SCHOLARSHIP | $2,000 |