Animal Health Institute
- Assets
- $15.9m
- Revenue
- $5.4m
- Investments
- $0.0
- Employees
- 13
- Location
- Washington, DC
- Founding
- 10/1944
- Data as of
- 12/2023
- EIN
- 42-0707629
Organization Overview
Animal Health Institute is located in Washington, DC. The organization was established in 1944. 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 12/2023, Animal Health Institute employed 13 individuals. This organization is the central organization for a national or regional group of organizations. Animal Health Institute 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 12/2023, Animal Health Institute generated $5.4m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $5.0m during the year ending 12/2023. While expenses have increased by 0.6% per year over the past 9 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
TO ENCOURAGE PRODUCTION OF PURE, SAFE AND EFFICACIOUS PRODUCTS FOR USE IN ANIMAL HEALTH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SPECIAL PROJECTS - SPONSOR AND FUND PROJECTS THAT ARE OUTSIDE THE PARAMETERS OF THE BUDGET.
PUBLIC INFORMATION - PROMOTES BETTER RELATIONS AMONG THE INDUSTRY, CONSUMER GROUPS, AND OTHER INTERESTED PARTIES.
LEGISLATIVE AND REGULATORY SERVICES - MONITORING LEGISLATION AND PARTICIPATING IN THE FORMATION OF REGULATIONS AFFECTING THE ANIMAL HEALTH INDUSTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew Ferrigno Director | Trustee | 1 | $0 |
Dylan Balsz Director | Trustee | 1 | $0 |
Randolph Legg Director | Trustee | 1 | $0 |
Joe Huff Director | Trustee | 1 | $0 |
Glen Wilkinson Director | Trustee | 1 | $0 |
Gary Bosch Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Hogan Lovells Us Llp Legal | 12/30/23 | $257,932 |
Marcum Llp Accounting | 12/30/23 | $181,701 |
Story Partners Llc Consulting | 12/30/23 | $212,901 |
Torrey Advisory Group Consulting | 12/30/23 | $180,219 |
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 | $4,507,622 |
| Investment income | $236,050 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$74 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,363,483 |
| 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. | $1,183,137 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,411,854 |
| Pension plan accruals and contributions | $160,124 |
| Other employee benefits | $177,589 |
| Payroll taxes | $139,315 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $194,061 |
| Fees for services: Accounting | $208,181 |
| Fees for services: Lobbying | $298,957 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $50,952 |
| Fees for services: Other | $247,716 |
| Advertising and promotion | $0 |
| Office expenses | $53,025 |
| Information technology | $46,540 |
| Royalties | $0 |
| Occupancy | $346,523 |
| Travel | $180,882 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $44,240 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $24,831 |
| Insurance | $30,533 |
| All other expenses | $0 |
| Total functional expenses | $5,048,563 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,185,169 |
| Savings and temporary cash investments | $34,104 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,179,847 |
| 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 | $164,802 |
| Net Land, buildings, and equipment | $111,559 |
| Investments—publicly traded securities | $9,605,796 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,642,296 |
| Total assets | $15,923,573 |
| Accounts payable and accrued expenses | $1,684,567 |
| Grants payable | $0 |
| Deferred revenue | $865,326 |
| 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 | $2,398,220 |
| Total liabilities | $4,948,113 |
| Net assets without donor restrictions | $10,975,460 |
| 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 | $15,923,573 |