Ohio Veterinary Medical Association
- Assets
- $4.6m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 12
- Location
- Powell, OH
- Founding
- 08/1955
- Data as of
- 06/2021
- EIN
- 31-4425770
Organization Overview
Ohio Veterinary Medical Association is located in Powell, OH. The organization was established in 1955. According to its NTEE Classification (D03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Animal-Related and related organizations. As of 06/2021, Ohio Veterinary Medical Association employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ohio 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 06/2021, Ohio Veterinary Medical Association generated $1.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (7.8%) each year. All expenses for the organization totaled $1.3m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (4.9%) per year over the past 6 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
TO FOSTER LIFE LONG LEARNING, STEWARDSHIP, COMPASSION AND COMMUNITY IN VETERINARY MEDICINE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONVENTION: THE OBJECTIVES OF THE ASSOCIATION ARE TO ELEVATE THE STANDARDS OF VETERINARY EDUCATION AND TO PROVIDE KNOWLEDGE TO THE PUBLIC ABOUT THE PROFESSION. THE CONVENTION PROVIDES A FORUM FOR THIS PURPOSE. THE 2021 CONVENTION WAS HELD VIRTUALLY. THERE WERE 3,546 ATTENDEES.
NEWSLETTER: THE BI-MONTHLY NEWSLETTER PROVIDES A FORMAT FOR THE ASSOCIATION TO KEEP MEMBERS INFORMED OF CURRENT DEVELOPMENTS AND PRACTICES IN THE PROFESSION. THERE ARE APPROXIMATELY 3,179 MEMBERS PARTICIPATING IN THE NEWSLETTER SERVICE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jack Advent Executive Director | Officer | 50 | $252,885 |
Dr Kevin Corcoran Treasurer | OfficerTrustee | 2 | $7,000 |
Dr Gregg Hass Immediate Past President | OfficerTrustee | 2 | $6,168 |
Dr Ed Biggie President | OfficerTrustee | 2 | $3,250 |
Dr Barb Musolf President-Elect | OfficerTrustee | 2 | $0 |
Dr Diana Cron 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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,007,041 |
| Investment income | $64,133 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $67,635 |
| Net Rental Income | $0 |
| 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 | $1,138,809 |
| 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. | $304,573 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $383,532 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $60,376 |
| Payroll taxes | $42,963 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $788 |
| Fees for services: Accounting | $5,400 |
| Fees for services: Lobbying | $3,300 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,241 |
| Advertising and promotion | $0 |
| Office expenses | $62,401 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $40,088 |
| Travel | $2,118 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $263,589 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,959 |
| All other expenses | $15,240 |
| Total functional expenses | $1,297,989 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $198 |
| Savings and temporary cash investments | $637,706 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $19,758 |
| Net Land, buildings, and equipment | $511,133 |
| Investments—publicly traded securities | $3,434,844 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,603,639 |
| Accounts payable and accrued expenses | $51,161 |
| Grants payable | $0 |
| Deferred revenue | $356,590 |
| 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 | $0 |
| Total liabilities | $407,751 |
| Net assets without donor restrictions | $4,195,888 |
| 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 | $4,603,639 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Ohio Veterinary Medical Association has recieved totaling $12,500.
| Awarding Organization | Amount |
|---|---|
The Stanton Foundation New York, NY PURPOSE: TO ACHIEVE CHARITABLE PURPOSE | $7,500 |
The Stanton Foundation New York, NY PURPOSE: TO ACHIEVE CHARITABLE PURPOSE | $4,000 |
The Stanton Foundation New York, NY PURPOSE: TO ACHIEVE CHARITABLE PURPOSE | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
United States Trotting Association Westerville, OH | $13,007,257 | $9,527,709 |
American Saddlebred Horse Association Inc Lexington, KY | $2,691,444 | $1,823,861 |
Ohio Veterinary Medical Association Powell, OH | $4,603,639 | $1,138,809 |
American College Of Veterinary Radiology West Chester, PA | $3,565,569 | $1,391,033 |
Pet Industry Distributors Association Southeastern, PA | $2,928,455 | $469,966 |
North American Equine Ranching Information Council Inc Louisville, KY | $1,506,129 | $900,964 |
American Rabbit Breeders Association Inc Clarion, PA | $555,696 | $661,715 |
North American Deer Farmers Association Inc Canton, OH | $271,378 | $460,385 |
Pennsylvania Society For Biomedical Research Mechanicsburg, PA | $413,891 | $364,835 |
Bernese Mountain Dog Club Of America Anderson, IN | $412,958 | $376,060 |
Deer Creek Cemetery Association Cheswick, PA | $2,736,425 | $373,564 |
Fluid Sealing Association Wayne, PA | $145,317 | $214,650 |