Illinois State Veterinary Medical Association
- Assets
- $1.3m
- Revenue
- $873.6k
- Investments
- $0.0
- Employees
- 5
- Location
- Springfield, IL
- Founding
- 00/0000
- Data as of
- 06/2024
- EIN
- 36-2064654
Organization Overview
Illinois State Veterinary Medical Association is located in Springfield, IL. The organization was established in 0000. 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 06/2024, Illinois State Veterinary Medical Association employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Illinois State 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 06/2024, Illinois State Veterinary Medical Association generated $873.6k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.0% each year. All expenses for the organization totaled $916.8k during the year ending 06/2024. While expenses have increased by 2.3% 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
ADVANCING THE WELL-BEING OF VETERINARY MEDICAL PROFESSIONALS, ANIMALS, THE PUBLIC AND THE ENVIRONMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TRAINING AND INFORMATION TO MEMBERSHIP, INFORMING PUBLIC ABOUT SERVICES AVAILABLE FROM MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Joanne Carlson Past President | OfficerTrustee | 1 | $0 |
Dr Nikki Johnson President | OfficerTrustee | 1 | $0 |
Dr Matt Bussan President-Elect | OfficerTrustee | 1 | $0 |
Dr Lynda Gould Treasurer | OfficerTrustee | 1 | $0 |
Dr Wendy Probpst Director | Trustee | 1 | $0 |
Dr Edmar Schreiber Director | 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 | $825,685 |
| Investment income | $12,083 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $32,738 |
| 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 | $873,582 |
| 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. | $137,654 |
| Compensation of current officers, directors, key employees. | $27,531 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $215,426 |
| Pension plan accruals and contributions | $18,047 |
| Other employee benefits | $19,896 |
| Payroll taxes | $25,738 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $825 |
| Fees for services: Accounting | $11,582 |
| Fees for services: Lobbying | $40,800 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $91,787 |
| Information technology | $1,963 |
| Royalties | $0 |
| Occupancy | $30,295 |
| Travel | $14,071 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $277,501 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $19,440 |
| Insurance | $11,771 |
| All other expenses | $0 |
| Total functional expenses | $916,796 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $572,178 |
| Savings and temporary cash investments | $263,476 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $19,910 |
| 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 | $93,675 |
| Net Land, buildings, and equipment | $342,811 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,891 |
| Total assets | $1,296,941 |
| Accounts payable and accrued expenses | $41,083 |
| Grants payable | $0 |
| Deferred revenue | $287,536 |
| 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 | $4,891 |
| Total liabilities | $333,510 |
| Net assets without donor restrictions | $963,431 |
| 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 | $1,296,941 |
Grants Awarded
Over the last fiscal year, Illinois State Veterinary Medical Association has awarded $11,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
KIDZEUM OF HEALTH AND SCIENCE PURPOSE: TO HELP FUND THE BUILDING OF THE VETERINARY DISPLAY AT THE SPRINGFIELD KIDZEUM. | $10,000 |
ILLINOIS PORK PRODUCERS ASSOCIATION PURPOSE: TO HELP FUND THE ORGANIZATION'S ANNUAL MEETING. | $1,000 |