Ohio Veterinary Medical Association
- Assets
- $4.7m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 13
- Location
- Powell, OH
- Founding
- 08/1955
- Data as of
- 06/2022
- 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 06/2022, Ohio Veterinary Medical Association employed 13 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 06/2022, Ohio Veterinary Medical Association generated $1.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $1.7m during the year ending 06/2022. 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
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 | $259,340 |
Dr Barb Musolf President | OfficerTrustee | 2 | $5,500 |
Dr Eric Gordon President-Elect | OfficerTrustee | 2 | $2,750 |
Dr Diana Cron Vice-President | OfficerTrustee | 2 | $0 |
Dr Kevin Corcoran Treasurer | OfficerTrustee | 2 | $7,000 |
Dr Michelle Harcha Secretary | OfficerTrustee | 2 | $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 | $1,843,088 |
| Investment income | $49,640 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $45,534 |
| 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 | $1,938,262 |
| 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. | $314,673 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $380,932 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $75,798 |
| Payroll taxes | $44,991 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,610 |
| Fees for services: Accounting | $37,366 |
| Fees for services: Lobbying | $17,787 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $43,240 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $47,370 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $13,282 |
| Conferences, conventions, and meetings | $547,168 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $17,720 |
| Insurance | $6,099 |
| All other expenses | $16,020 |
| Total functional expenses | $1,683,627 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $108,854 |
| Savings and temporary cash investments | $969,146 |
| 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 | $8,599 |
| Net Land, buildings, and equipment | $476,217 |
| Investments—publicly traded securities | $3,120,131 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,682,947 |
| Accounts payable and accrued expenses | $48,358 |
| Grants payable | $0 |
| Deferred revenue | $249,120 |
| 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 | $297,478 |
| Net assets without donor restrictions | $4,385,469 |
| 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 | $4,682,947 |