Chicago Veterinary Medical Association
- Assets
- $600.5k
- Revenue
- $277.0k
- Investments
- $0.0
- Employees
- 4
- Location
- Burr Ridge, IL
- Founding
- 03/1968
- Data as of
- 09/2023
- EIN
- 36-6126178
Organization Overview
Chicago Veterinary Medical Association is located in Burr Ridge, IL. The organization was established in 1968. 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 09/2023, Chicago Veterinary Medical Association employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chicago 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 09/2023, Chicago Veterinary Medical Association generated $277.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (4.7%) each year. All expenses for the organization totaled $345.5k during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (2.2%) per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE ITS MEMBERS OPPORTUNITIES FOR PROFESSIONAL ENRICHMENT AND COMMUNICATION, QUALITY CONTINUING EDUCATION AND DISSEMINATION OF INFORMATION TO THE PUBLIC PROMOTING THE HEALTH AND WELL BEING OF ANIMALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL PROGRAMS AND SEMINARS TO MAINTAIN AND IMPROVE THE KNOWLEDGE OF THOSE IN THE VETERINARY MEDICAL PROFESSION
EDUCATIONAL PROGRAMS TO PROMOTE AND FOSTER RESPONSIBLE PET OWNERSHIP IN THE GENERAL PUBLIC.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ray Mcgury Executive Di | OfficerTrustee | 40 | $101,000 |
Jagjit Brar Director | Trustee | $0 | |
Kelly Cairns Director | Trustee | $0 | |
Bryan Ernsting Director | Trustee | $0 | |
Sophia Gill Director | Trustee | $0 | |
Muhammad Jawad Ul Hassan Secretary | Trustee | $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 | $252,988 |
| Investment income | $1,590 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| 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 | $277,019 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $8,550 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $185,259 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $14,204 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $19,417 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $7,385 |
| Information technology | $8,904 |
| Royalties | $0 |
| Occupancy | -$317 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $816 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $14,802 |
| Insurance | $3,923 |
| All other expenses | $0 |
| Total functional expenses | $345,481 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $298,351 |
| 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 | $1,944 |
| Net Land, buildings, and equipment | $70,224 |
| Investments—publicly traded securities | $230,005 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $600,524 |
| Accounts payable and accrued expenses | $28,331 |
| Grants payable | $0 |
| Deferred revenue | $35,100 |
| 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 | $62,114 |
| Total liabilities | $125,545 |
| Net assets without donor restrictions | $474,979 |
| 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 | $600,524 |