Isu Veterinary Services Corporation is located in Des Moines, IA. The organization was established in 2013. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 06/2021, Isu Veterinary Services Corporation employed 108 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Isu Veterinary Services Corporation 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 06/2021, Isu Veterinary Services Corporation generated $7.2m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 11.5% each year . All expenses for the organization totaled $5.8m during the year ending 06/2021. While expenses have increased by 7.3% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE MISSION OF IOWA STATE UNIVERSITY (ISU) PROVIDING ISU VETERINARY STUDENTS AND RESIDENTS WITH EDUCATIONAL OPPORTUNITIES FOR LEARNING IN A VETERINARY HOSPITAL AND EMERGENCY/SPECIALTY CLINIC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXPOSURE TO A DIVERSE CASELOAD IS NOT ONLY BENEFICIAL FOR STUDENT EDUCATION; IT IS ALSO A REQUIREMENT FOR THE COLLEGE OF VETERINARY MEDICINE'S ACCREDITATION. ONE OF THE STANDARDS SET BY THE ACCREDITING AGENCY FOR VETERINARY MEDICAL COLLEGES IS THAT NORMAL AND DISEASED ANIMALS OF VARIOUS DOMESTIC AND EXOTIC SPECIES MUST BE AVAILABLE FOR INSTRUCTIONAL PURPOSES. OFF-CAMPUS EXPERIENCES ARE COUNTED TOWARD ACCREDITATION PROVIDED THAT OVERSIGHT BY THE ISU CVM ENSURES APPROPRIATE DELIVERY OF THE EDUCATIONAL PROGRAM, INCLUDING WRITTEN DOCUMENTATION OF EDUCATIONAL OBJECTIVES AND PROOF THAT THEY ARE BEING MET. AN ADDED BENEFIT FOR STUDENTS IS THAT THEY GET TO EXPERIENCE THESE 'MONITORED AND MENTORED' EXPERIENCES AT IVS IN A PRACTICE ENVIRONMENT SIMILAR TO WHAT THEY WILL ENCOUNTER UPON GRADUATION.THE ACCREDITING AGENCY EXPECTS IVS TO BE INCLUDED IN ANNUAL EVALUATIONS AND SEVEN-YEAR SITE VISITS. THE ISU COLLEGE OF VETERINARY MEDICINE HAS SEVERAL PROGRAMS AND INITIATIVES IN PROGRESS SO STUDENTS CAN GAIN ADDITIONAL CLINICAL EXPERIENCES FROM CASES INITIATED AT IVS. FOURTH-YEAR VETERINARY STUDENTS HAVE ROTATED THROUGH IVS IN THE ONCOLOGY (CANCER) ROTATION. DR. SHAWNA GREENE, BOARD CERTIFIED BY THE AMERICAN COLLEGE OF VETERINARY INTERNAL MEDICINE (ACVIM), PROVIDES THE ONCOLOGY SERVICES FOR IVS, WHICH INCLUDES CLINICAL STAGING AND INNOVATIVE CANCER CASE MANAGEMENT. IVS OFFERS SURGICAL ONCOLOGY AND CHEMOTHERAPY/IMMUNOTHERAPY/ANTI-ANGIOGENIC THERAPY AS WELL AS PAIN MANAGEMENT STRATEGIES FOR END-STAGE CANCER. ANNUAL SURVEYS OF EMPLOYERS OF ISU GRADUATES INDICATE THAT EMPHASIS SHOULD BE PLACED ON A NEED TO INCREASE PRECEPTORSHIP/CLINICAL EXPERIENCES EXTERNAL TO THE TEACHING HOSPITAL AND CLINICAL EXPERIENCES WITHIN THE TEACHING HOSPITAL. DURING THE SUMMER, IOWA STATE UNIVERSITY COLLEGE OF VETERINARY MEDICINE VM1-VM2 STUDENTS PARTICIPATE IN EMERGENCY/SPECIALTY CLINICAL MENTORSHIP PROGRAMS AT IVS. SEVERAL PROFESSIONAL STUDENTS ARE ALSO EMPLOYED PART-TIME THROUGHOUT THE YEAR. PRECEPTORSHIPS (TWO-WEEK ROTATIONS) AT IVS HAVE BEEN DEVELOPED AND APPROVED FOR FOURTH-YEAR STUDENTS. THIRD-YEAR STUDENTS HAVE THE OPPORTUNITY TO REGISTER FOR PERCEPTORSHIPS DURING SPRING SEMESTER. WHILE ENROLLED IN THE IVS PRECEPTORSHIP, A STUDENT CAN PARTICIPATE IN ONCOLOGICAL PATIENT TESTING AND TREATMENT, INTERNAL MEDICINE PATIENT TESTING AND TREATMENT UNDER THE DIRECTION OF THE BOARDED INTERNIST, SURGICAL PROCEDURES UNDER THE DIRECTION OF BOARDED SURGEONS, AND MONITORING AND TRIAGING OF MULTIPLE EMERGENCY MEDICAL CASES. THUS, THESE PRECEPTORSHIPS PROVIDE STUDENTS WITH EXCELLENT LEARNING OPPORTUNITIES AT A REFERRAL/EMERGENCY HOSPITAL LOCATED IN A METROPOLITAN AREA. ADDITIONALLY, STUDENTS GAIN BUSINESS AND MANAGEMENT EXPERIENCE, WHICH IS AN IMPORTANT ASPECT OF THEIR PROFESSIONAL EDUCATION AND A CRITICAL FACTOR IN THEIR FUTURE SUCCESS.IVS RECEIVES EMERGENCY CASES, SPECIALTY ONCOLOGY, SURGICAL, AND INTERNAL MEDICINE. ISU-LVMC RECEIVES CASES THAT IVS AND REFERRING VETERINARIANS CANNOT OR PREFER NOT TO HANDLE. THE ISU-LVMC ALSO PROVIDES STATE-OF-THE-ART DIAGNOSTIC AND TREATMENT SERVICES THAT ARE NOT TYPICALLY FOUND IN REFERRING VETERINARY PRACTICES AND UNAVAILABLE ANYWHERE ELSE IN IOWA. AS A RESULT OF ITS PARTNERSHIP WITH IVS, THE ISU-LVMC HAS RECEIVED INCREASED NUMBERS OF REFERRALS FROM DES MOINES AREA VETERINARIANS FOR CASES INVOLVING SPECIALIZED ORTHOPEDIC SURGERIES, REHABILITATION, AND ADVANCED IMAGING AND DIAGNOSTICS. AS WELL AS, ALL CASES REQUIRING SECONDARY AND TERTIARY CARE FOR MEDICINE, OPHTHALMOLOGY, CARDIOLOGY, DERMATOLOGY, AND SURGICAL TREATMENT.CLINICAL LABORATORY DIAGNOSTIC TESTING SAMPLES ARE RECEIVED AT THE COLLEGE OF VETERINARY MEDICINE FROM IVS VIA AN EXPEDITED PARTNERSHIP SERVICE WITH UPS, WHICH HAS BEEN RECENTLY STREAMLINED. THESE LABORATORY SUBMISSIONS ARE USED IN TEACHING CASE-BASED PATHOLOGY AND CLINICAL PATHOLOGY TO THIRD-YEAR AND FOURTH-YEAR VETERINARY STUDENTS. THE LABORATORY RESULTS INCLUDE BIOPSY, CYTOLOGY, HEMATOLOGY, BIOCHEMISTRY, AND URINALYSIS, WHICH ARE ALL COMMON LABORATORY TESTS ENCOUNTERED IN VETERINARY PRACTICE. IVS REGULARLY EMPLOYS 3-4 PROFESSIONAL STUDENTS. THESE STUDENTS MUST WORK CLOSELY WITH TECHNICIANS TO REVIEW ALL PROCEDURES IN THE TRAINING MANUAL, UNDERSTAND THE ROLE OF TECHNICIANS IN VETERINARY PRACTICE, AND IMPROVE THEIR SKILLS IN EMERGENCY MEDICINE.FOR THE PERIOD ENDED JUNE 30, 2021, ISU-VSC SERVED 12,600 DIFFERENT PATIENTS. OF THE PATIENTS SERVED, 8,125 WERE REFERRED BY AREA VETERINARIANS WHO FELT THAT THEIR PATIENTS NEEDED THE ADDITIONAL SPECIALTY CARE PROVIDED BY ISU-VSC. THIS SIGNIFICANT CLIENT BASE WILL PROVIDE AMPLE OPPORTUNITIES FOR IOWA STATE UNIVERSITY VETERINARY STUDENTS TO INTERACT WITH THE SPECIALISTS AND LEARN ABOUT DISEASE PROCESSES AND CASE MANAGEMENT IN A VETERINARY HOSPITAL.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Shawna Greene Oncologist | 40 | $280,128 | |
Kevin Pottorff Emergency Doctor | 40 | $196,721 | |
Shelby Mangus Emergency Doctor | 40 | $184,373 | |
Karl Bolser Emergency Doctor | 40 | $146,593 | |
Leah Braas Emergency Doctor | 40 | $137,311 | |
Julie Kelso Chief Operation Manager | Officer | 40 | $84,437 |
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 | $10,000 |
Noncash contributions included in lines 1a–1f | $10,000 |
Total Revenue from Contributions, Gifts, Grants & Similar | $10,000 |
Total Program Service Revenue | $7,117,987 |
Investment income | $15 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $10,290 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $7,166,183 |
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. | $105,241 |
Compensation of current officers, directors, key employees. | $105,241 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $3,115,790 |
Pension plan accruals and contributions | $105,157 |
Other employee benefits | $105,577 |
Payroll taxes | $237,132 |
Fees for services: Management | $0 |
Fees for services: Legal | $8,150 |
Fees for services: Accounting | $89,185 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $108,894 |
Advertising and promotion | $106,444 |
Office expenses | $42,022 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $115,080 |
Travel | $1,245 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $235,955 |
Insurance | $21,937 |
All other expenses | $38,861 |
Total functional expenses | $5,803,195 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $998,714 |
Savings and temporary cash investments | $21,624 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $3,680 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $125,000 |
Inventories for sale or use | $163,816 |
Prepaid expenses and deferred charges | $14,762 |
Net Land, buildings, and equipment | $1,665,069 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $731,206 |
Other assets | $0 |
Total assets | $3,723,871 |
Accounts payable and accrued expenses | $325,849 |
Grants payable | $0 |
Deferred revenue | $29,861 |
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 | $117,157 |
Other liabilities | $742,322 |
Total liabilities | $1,215,189 |
Net assets without donor restrictions | $1,004,086 |
Net assets with donor restrictions | $1,504,596 |
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 | $3,723,871 |
Organization Name | Assets | Revenue |
---|---|---|
Umkc Foundation Kansas City, MO | $70,681,044 | $43,162,989 |
University Of Northern Iowa Foundation Cedar Falls, IA | $173,378,893 | $31,725,389 |
Illinois State University Foundation Normal, IL | $269,993,016 | $34,747,700 |
National Assistance Foundation Des Moines, IA | $16,519,301 | $16,875,706 |
Southern Illinois University Foundation Carbondale, IL | $260,208,288 | $31,565,742 |
St Louis Charter Schools St Louis, MO | $19,224,709 | $16,300,473 |
Linda Hall Library Trust Kansas City, MO | $201,287,634 | $7,552,380 |
Sioux Falls Christian Schools Association Sioux Falls, SD | $33,580,780 | $15,294,565 |
University Research Park Inc Madison, WI | $162,117,796 | $19,527,506 |
Private Education-Employers Trust St Louis, MO | $386,613 | $11,502,248 |
Northern Illinois University Foundation Dekalb, IL | $169,106,712 | $31,131,654 |
Grinnell College Medical Benefit Plan Trust Agreement Grinnell, IA | $11,174,588 | $9,791,771 |