Indiana Veterinary Medical Association
- Assets
- $1.1m
- Revenue
- $760.6k
- Investments
- $0.0
- Employees
- 2
- Location
- Indianapolis, IN
- Founding
- 09/1977
- Data as of
- 06/2022
- 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 06/2022, 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 06/2022, Indiana Veterinary Medical Association generated $760.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $691.5k during the year ending 06/2022. While expenses have increased by 4.3% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE INDIANA VETERINARY MEDICAL ASSOCIATION (IVMA) PROMOTES ANIMAL WELL-BEING, PUBLIC HEALTH AND ADVANCES IN THE PROFESSION AND SERVES AS A VOICE FOR VETERINARIANS WHILE ADVOCATING THE HIGHEST STANDARDS AND ETHICS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PUBLICATIONS AND NEWSLETTERS
ANNUAL CONVENTION AND QUARTERLY BOARD MEETINGS
EDUCATIONAL EXPENSE FOR MEMBERS AND PUBLIC RELATIONS
MEMBER ASSISTANCE PROGRAM
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lisa Perius Executive Director | Officer | 40 | $136,463 |
Dr Aaron Johnson President | OfficerTrustee | 1 | $0 |
Dr Corey Swart Treasurer | OfficerTrustee | 1 | $0 |
Dr Greg Kurtz President-Elect | OfficerTrustee | 1 | $0 |
Dr Hilary Christner Immediate Past President | Trustee | 1 | $0 |
Dr Matthew Hobson At-Large Member | 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 | $646,283 |
| Investment income | $78,817 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $34,856 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $760,556 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $150,000 |
| Grants and other assistance to domestic individuals. | $9,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $132,430 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $40,127 |
| Pension plan accruals and contributions | $3,380 |
| Other employee benefits | $3,906 |
| Payroll taxes | $13,145 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,500 |
| Fees for services: Accounting | $10,705 |
| Fees for services: Lobbying | $26,546 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $18,191 |
| Advertising and promotion | $0 |
| Office expenses | $18,103 |
| Information technology | $15,524 |
| Royalties | $0 |
| Occupancy | $25,440 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $77,919 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,987 |
| All other expenses | $12,567 |
| Total functional expenses | $691,487 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $62,233 |
| Savings and temporary cash investments | $278,277 |
| 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 | $793,543 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,134,053 |
| 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 | $1,134,053 |
| 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 | $1,134,053 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Indiana Veterinary Medical Association has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
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 |
|---|---|---|
Bloomington Pets Alive Inc Bloomington, IN | $489,697 | $1,264,185 |
Lazarus Veterinary Clinics Inc Deforest, WI | $3,106,267 | $911,645 |
Indiana Veterinary Medical Association Indianapolis, IN | $1,134,053 | $760,556 |
Missouri Veterinary Medical Association Jefferson City, MO | $603,609 | $694,318 |
Oconnor Foundation Willow Springs, IL | $949,507 | $688,917 |
Love Pet Project Inc Zionsville, IN | $60,735 | $390,047 |
American Veterinary Medical Association Schaumburg, IL | $812,509 | $541,542 |
Kentucky Veterinary Medical Association Inc Frankfort, KY | $1,223,072 | $399,510 |
Four Precious Paws Low Cost Spay & Neuter Clinic Inc Kokomo, IN | $27,951 | $337,111 |
Chicago Veterinary Medical Association Burr Ridge, IL | $586,085 | $315,745 |
Fox Valley Veterans Council Incorporated Appleton, WI | $313,599 | $327,298 |
Public Vet Bloomington, IN | $82,001 | $230,819 |