Indiana Veterinary Medical Association
- Assets
- $1.3m
- Revenue
- $675.3k
- Investments
- $0.0
- Employees
- 2
- Location
- Indianapolis, IN
- Founding
- 09/1977
- Data as of
- 06/2023
- EIN
- 35-6032108
Organization Overview
Indiana Veterinary Medical Association is located in Indianapolis, IN. The organization was established in 1977. According to its NTEE Classification (D40) the organization is classified as: Veterinary Services, under the broad grouping of Animal-Related and related organizations. As of 06/2023, Indiana Veterinary Medical Association employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Indiana 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 06/2023, Indiana Veterinary Medical Association generated $675.3k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $545.9k during the year ending 06/2023. While expenses have increased by 0.8% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO PROMOTE, PROTECT, AND ADVANCE VETERINARY MEDICINE AND ANIMAL HEALTH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PUBLICATIONS AND NEWSLETTERS
MEMBER ASSISTANCE PROGRAM
ANNUAL CONVENTION AND QUARTERLY BOARD MEETINGS
EDUCATIONAL EXPENSE FOR MEMBERS AND PUBLIC RELATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Greg Kurtz President | OfficerTrustee | 1 | $0 |
Dr Lindsey Hedges-Gieseking President-Elect | OfficerTrustee | 1 | $0 |
Dr Corey Swart Treasurer | OfficerTrustee | 1 | $0 |
Dr Aaron Johnson Immediate Past President | OfficerTrustee | 1 | $0 |
Dr Tai Ogg Region 1 | Trustee | 1 | $0 |
Dr Tammy Chastain Region 2 | 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 | $615,229 |
| Investment income | $54,108 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,278 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $675,315 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $9,750 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $127,114 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $44,194 |
| Pension plan accruals and contributions | $3,579 |
| Other employee benefits | $19,152 |
| Payroll taxes | $13,785 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,000 |
| Fees for services: Accounting | $7,226 |
| Fees for services: Lobbying | $27,193 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,495 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,250 |
| Office expenses | $14,507 |
| Information technology | $19,095 |
| Royalties | $0 |
| Occupancy | $18,991 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $113,037 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,502 |
| All other expenses | $0 |
| Total functional expenses | $545,852 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $204,773 |
| Savings and temporary cash investments | $160,922 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $898,030 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,263,725 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $1,263,725 |
| 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 | $1,263,725 |