Minnesota Veterinary Medical Foundation
- Assets
- $1.6m
- Revenue
- $317.1k
- Investments
- $0.0
- Employees
- 0
- Location
- South St Paul, MN
- Founding
- 12/1991
- Data as of
- 07/2022
- EIN
- 41-1678571
Organization Overview
Minnesota Veterinary Medical Foundation is located in South St Paul, MN. The organization was established in 1991. According to its NTEE Classification (D12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Animal-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Minnesota Veterinary Medical Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 07/2022, Minnesota Veterinary Medical Foundation generated $317.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $274.8k during the year ending 07/2022. While expenses have increased by 5.6% 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.
Since 2015, Minnesota Veterinary Medical Foundation has awarded 16 individual grants totaling $156,800. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SCHOLARSHIPS AND EDUCATIONAL GRANTS TO BENEFIT ANIMAL HEALTH AND ENSURE THE FUTURE OF VETERINARY MEDICINE
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MVMF SEEKS TO BOLSTER THE FUTURE OF THE VETERINARY COMMUNITY ACROSS MINNESOTA THROUGH SCHOLARSHIPS AND GRANTS. SCHOLARSHIPS ARE AWARDED TO DVM AND POST-GRADUATE STUDENTS AT THE UNIVERSITY OF MINNESOTA, AND VETERINARY TECHNICIANS AT RIDGEWATER COLLEGE, ROCHESTER COMMUNITY AND TECHNICAL COLLEGE, VERMILION COMMUNITY COLLEGE, WISCONSIN INDIANHEAD TECHNICAL COLLEGE, AND DAKOTA COUNTY TECHNICAL COLLEGE. FOR SOME SCHOLARSHIPS, PRIORITY IS GIVEN TO THOSE LIVING IN A CERTAIN REGION IN MINNESOTA OR WHO GRADUATED FROM A MINNESOTA HIGH SCHOOL.GRANTS ARE AWARDED TO A VARIETY OF NONPROFIT ORGANIZATIONS AND FOUNDATIONS, STUDENT GROUPS, PROFESSIONAL ORGANIZATIONS, AND INDIVIDUALS, THAT HAVE PROGRAMS OR RESOURCES THAT BENEFIT THE VETERINARY COMMUNITY AND/OR ANIMAL HEALTH IN MINNESOTA.THE MVMF IS A 501(C)(3) NONPROFIT ORGANIZATION CREATED TO SERVE AS THE PHILANTHROPIC PARTNER OF THE MINNESOTA VETERINARY MEDICAL ASSOCIATION. RAISING FUNDS THROUGH PLANNED GIVING, EVENTS, AND CONTRIBUTIONS IS AN ESSENTIAL COMPONENT THAT POWERS THE MVMF MISSION.OUR EVENT COMMITTEES, VOLUNTEERS, AND BOARD OF DIRECTORS HAVE CONTINUED TO ADAPT TO UNPRECEDENTED CIRCUMSTANCES TO ENSURE THAT WE CONTINUE TO RAISE THE CRITICAL FUNDS NEEDED TO SUPPORT THE FUTURE OF VETERINARY MEDICINE. ONCE AGAIN, OUR PROFESSION HAS PROVED TO BE GENEROUS AND SUPPORTIVE. OUR $200 CLUB REALIZED GOOD REVENUE, DESPITE THE MVMA ANNUAL MEETING BEING HELD AS A VIRTUAL EVENT. OUR $200 CLUB, SILENT AUCTION, GOLF CLASSIC, AND CLAY SHOOT RAISED OVER $100,000 FOR STUDENT SCHOLARSHIPS IN 2022!
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Ostlund Secretary/treasurer | OfficerTrustee | 0.33 | $0 |
Paul Draheim DVM Vice President | OfficerTrustee | 0.33 | $0 |
Nona Nesseth President | OfficerTrustee | 0.33 | $0 |
Daniel Tjornehoj Executive Director Thru 3/31/22 | Officer | 5 | $0 |
Kelly Andrews Executive Director Beginning 1/01/22 | Officer | 5 | $0 |
John Baillie DVM Director | Trustee | 0.33 | $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 | $143,798 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $143,798 |
| Total Program Service Revenue | $0 |
| Investment income | $32,267 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $54,777 |
| Net Income from Fundraising Events | $86,272 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $317,114 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $26,899 |
| Grants and other assistance to domestic individuals. | $168,675 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,051 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $14,421 |
| Fees for services: Other | $36,000 |
| Advertising and promotion | $0 |
| Office expenses | $10,151 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,610 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $6,970 |
| Total functional expenses | $274,777 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $173,583 |
| Savings and temporary cash investments | $0 |
| 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 | $7,093 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,429,878 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,610,554 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $18,215 |
| 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 | $18,215 |
| Net assets without donor restrictions | $1,362,327 |
| Net assets with donor restrictions | $230,012 |
| 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 | $1,610,554 |
Grants Awarded
Over the last fiscal year, Minnesota Veterinary Medical Foundation has awarded $20,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Minneapolis, MN PURPOSE: GENERAL OPERATING BUDGET | $10,000 |
Minneapolis, MN PURPOSE: PRV AND MED CARE TO ANIMALS | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Minnesota Veterinary Medical Foundation has recieved totaling $10,200.
| Awarding Organization | Amount |
|---|---|
American Gift Fund Wilmington, DE PURPOSE: OPERATIONS | $10,000 |
Synchrony Foundation Stamford, CT PURPOSE: EMPLOYER MATCHING GIFT PROGRAM | $200 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Stray Dog Support Inc Kewaskum, WI | $102,169 | $397,699 |
Minnesota Veterinary Medical Foundation South St Paul, MN | $1,610,554 | $317,114 |
Saola Foundation Milwaukee, WI | $192,791 | $313,978 |
Milton S Olson Small Animal Benefit Foundation Williston, ND | $2,383,479 | $312,828 |
Emma Loves Dogs Inc Hartland, WI | $61,104 | $144,195 |
Give Back Wisconsin Corp Greendale, WI | $20,976 | $0 |
Deshazer Wildlife Charitable Tr Milwaukee, WI | $1,082,696 | $78,963 |
Miccio Foundation Iowa City, IA | $1,003,434 | $71,148 |
Ralph K Morris Foundation Minneapolis, MN | $457,182 | $53,715 |
Council Of Contributors Inc Brooklyn Park, MN | $58,931 | $0 |
Bite Size Vegan Iowa City, IA | $60,523 | $69,336 |
Select Charity Horse Association Cedar Falls, IA | $2,625 | $3,369 |