Maine Veterinary Education Foundation
- Assets
- $622.5k
- Revenue
- $49.1k
- Investments
- $488.4k
- Employees
- 0
- Location
- Portland, ME
- Founding
- 11/1998
- Data as of
- 12/2021
- EIN
- 31-1599553
Organization Overview
Maine Veterinary Education Foundation is located in Portland, 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 12/2021, Maine Veterinary Education Foundation generated $49.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $41.3k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Maine Veterinary Education Foundation has awarded 61 individual grants totaling $236,400. 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
2021
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 |
|---|---|---|---|
Dr Janelle Tirrell Past President | 1 | $0 | |
Katherine Soverel Executive Director | 3 | $0 | |
Dr Joseph Sipe-Edelman Vice President | 1 | $0 | |
Dr Samantha Hodgkins Treasurer | 1 | $0 | |
Dr David Cloutier Director | 1 | $0 | |
Dr Casey Cole President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,950 |
| Interest on Savings | $6 |
| Dividends & Interest | $21,198 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $25,907 |
| Capital Gain Net Income | $25,907 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $49,061 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $759 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $906 |
| Total operating and administrative expenses | $10,837 |
| Contributions, gifts, grants paid | $30,500 |
| Total expenses and disbursements | $41,337 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,621 |
| Savings and temporary cash investments | $120,690 |
| Net Accounts receivable | $1,360 |
| 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 | $452 |
| Total assets | $622,485 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Maine Veterinary Education Foundation has awarded $30,500 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
COURTNEY ADAMS PURPOSE: EDUCATION SCHOLARSHIP | $6,250 |
SAMUEL DEVINE PURPOSE: EDUCATION SCHOLARSHIP | $6,250 |
ALEX DANNER PURPOSE: EDUCATION SCHOLARSHIP | $4,000 |
JESSICA CHILDS PURPOSE: EDUCATION SCHOLARSHIP | $4,000 |
JAIME BOULOS PURPOSE: EDUCATION SCHOLARSHIP | $4,000 |
KATRINA JONES PURPOSE: EDUCATION SCHOLARSHIP | $4,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Maine Veterinary Education Foundation has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
New England Veterinary Medical Association Portland, ME PURPOSE: PROGRAM SUPPORT | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Alfond Scholarship Foundation Portland, ME | $2,013,971 | $7,474,819 |
Island Institute Rockland, ME | $34,942,404 | $7,827,911 |
Senator George J Mitchell Scholarship Research Institute Portland, ME | $52,911,391 | $4,164,591 |
Dartmouth Educational Loan Corp Hanover, NH | $0 | $769,004 |
Maine Huts & Trails Kingfield, ME | $4,908,401 | $661,493 |
Donato J Tramuto Foundation Ogunquit, ME | $1,147,543 | $792,023 |
Lakes Region Scholarship Foundation Gilford, NH | $13,202,377 | $2,617,531 |
Harambe Endeavor Alliance Concord, NH | $2,789,573 | $314,506 |
Robert B Bunker Medical School Scholarship Trust Laconia, NH | $10,035,402 | $504,867 |
The Sukeforth Family Foundation South China, ME | $12,098,841 | $1,239,260 |
Service Credit Union Impact Foundation Portsmouth, NH | $153,778 | $370,899 |
Boothbay Region Student Aid Fund Inc Boothbay Harbor, ME | $8,673,590 | $2,669,575 |