International Veterinary Acupuncture Society Inc
- Assets
- $986.5k
- Revenue
- $511.0k
- Investments
- $248.8k
- Employees
- 3
- Location
- Portland, TX
- Founding
- 05/1976
- Data as of
- 06/2023
- EIN
- 51-0190918
Organization Overview
International Veterinary Acupuncture Society Inc is located in Portland, TX. The organization was established in 1976. 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 06/2023, International Veterinary Acupuncture Society Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. International Veterinary Acupuncture Society Inc 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 06/2023, International Veterinary Acupuncture Society Inc generated $511.0k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.5%) each year. All expenses for the organization totaled $533.8k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (3.5%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
INTERNATIONAL VETERINARY ACUPUNCTURE SOCIETY IS DEDICATED TO PROMOTING EXCELLENCE IN THE PRACTICE OF VETERINARY ACUPUNCTURE AS AN INTEGRATIVE PART OF VETERINARY MEDICINE.
Describe the Organization's Program Activity:
WE SUPPORTED VETERINARY ACUPUNCTURE AND RELATED TREATMENT MODALITIES THROUGH QUALITY BASIC, ADVANCED, AND CONTINUING EDUCATION; CERTIFICATION FOR VETERINARIANS; AND REASONABLE RESEARCH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Katja Gorts President | OfficerTrustee | 1 | $0 |
Birgitte Langvad President-Elect | OfficerTrustee | 1 | $0 |
Delores Craig Past-President | OfficerTrustee | 1 | $0 |
Dorte Doring House Of Delegates | OfficerTrustee | 1 | $0 |
Pamela Dragos Treasurer | OfficerTrustee | 1 | $0 |
Leslie Phillips Director | 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 | $2,794 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,794 |
| Total Program Service Revenue | $495,784 |
| Investment income | $12,408 |
| 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 | $510,986 |
| 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. | $72,557 |
| Compensation of current officers, directors, key employees. | $20,316 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $74,044 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $24,569 |
| Payroll taxes | $11,138 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $5,268 |
| Office expenses | $2,875 |
| Information technology | $8,804 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $99,166 |
| 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 | $144 |
| Insurance | $5,618 |
| All other expenses | $15,458 |
| Total functional expenses | $533,786 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $88,681 |
| Savings and temporary cash investments | $460,704 |
| 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 | $39,502 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $148,835 |
| Investments—other securities | $248,816 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $986,538 |
| Accounts payable and accrued expenses | $15,575 |
| Grants payable | $0 |
| Deferred revenue | $163,098 |
| 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 | $178,673 |
| Net assets without donor restrictions | $776,640 |
| Net assets with donor restrictions | $31,225 |
| 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 | $986,538 |