Veterinary Innovation Council
- Assets
- $267.4k
- Revenue
- $571.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Orlando, FL
- Founding
- 05/2016
- Data as of
- 09/2021
- EIN
- 47-5403026
Organization Overview
Veterinary Innovation Council is located in Orlando, FL. The organization was established in 2016. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Veterinary Innovation Council 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 09/2021, Veterinary Innovation Council generated $571.4k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 39.1% each year . All expenses for the organization totaled $567.2k during the year ending 09/2021. While expenses have increased by 7.2% 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
THE ORGANIZATION'S MISSION IS TO CONVENE THE BRIGHTEST MINDS IN THE VETERINARY PROFESSION AND INDUSTRY TOGETHER TO TACKLE INNOVATION OPPORTUNITIES THAT LIFT UP ALL ANIMAL HEALTH CARE SEGMENTS INCLUDING CAREGIVERS, ACADEMIA, SUPPLIERS, AND CONSUMERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE VETERINARY INNOVATION COUNCIL (VIC) FIRST CONVENED AT THE NAVC CONFERENCE 2016 IN ORLANDO, FLORIDA IN JANUARY, 2016. THE VIC WAS FORMED TO ACT AS THE FIRST VETERINARY ORGANIZATION THAT WORKS INDUSTRY-WIDE TO FOCUS ON POSITIVE CHANGE AND PUSH THE ENVELOPE FOR INNOVATIVE SOLUTIONS ACROSS PROFESSIONAL BOUNDARIES. THE PROGRAM IS CURRENTLY FOCUSED ON INNOVATION IN THE AREA OF TELEHEALTH SOLUTIONS FOR VETERINARY PRACTICES. IN ADDITION, IT GATHERS DATA TO DEVELOP AWARENESS OF RESOURCES AVAILABLE, SUCCESS STORIES AND TOOLKITS FOR IMPLEMENTATION, AND HELPS TO CLARIFY THE LEGISLATION AROUND TELEHEALTH. IT OVERSEES THE VETERINARY ENTREPRENEURSHIP ACADEMY THAT FOCUSES ON PARTNERSHIPS BETWEEN EDUCATIONAL INSTITUTIONS, STUDENTS, AND STARTUPS. IT ALSO OVERSEES THE VETERINARY INNOVATION SUMMIT, A THREE DAY CONFERENCE FOCUSED ON VETERINARY INNOVATION. THE SUMMIT PROVIDES EDUCATION TO INTERESTED INDIVIDUALS ON INNOVATIONS IMPACTING THE VETERINARY HEALTHCARE COMMUNITY. PART OF THIS EVENT ALSO INCLUDES THE RECOGNITION OF SELECTED STUDENTS FOR THEIR RESEARCH AND IDEAS FOR FUTURE INNOVATIONS TO IMPROVE ANIMAL CARE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Charlotte Lacroix Vice Chair Of Board | OfficerTrustee | 2 | $0 |
Dr Doug Aspros Secretary-Treasurer | OfficerTrustee | 2 | $0 |
Eugene O'neill Chair Of Board | OfficerTrustee | 2 | $0 |
Marcie Whichard Executive Director | Officer | 30 | $0 |
Ken Yagi Rvt Board Member | Trustee | 1 | $0 |
Mrs Paige Allen Board Member | 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 | $476,250 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $476,250 |
| Total Program Service Revenue | $95,113 |
| Investment income | $0 |
| 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 | $571,363 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $100,000 |
| Pension plan accruals and contributions | $3,801 |
| Other employee benefits | $4,447 |
| Payroll taxes | $7,435 |
| Fees for services: Management | $29,250 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,610 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $190,069 |
| Advertising and promotion | $7,217 |
| Office expenses | $5,089 |
| Information technology | $1,863 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $18,700 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $195,557 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $112 |
| Total functional expenses | $567,150 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $267,378 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $267,378 |
| Accounts payable and accrued expenses | $166,394 |
| Grants payable | $0 |
| Deferred revenue | $110,000 |
| 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 | $276,394 |
| Net assets without donor restrictions | -$9,016 |
| 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 | $267,378 |
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