Maryland Veterinary Foundation
- Assets
- $672.0k
- Revenue
- $50.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Hershey, PA
- Founding
- 08/1983
- Data as of
- 06/2022
- EIN
- 52-1299768
Organization Overview
Maryland Veterinary Foundation is located in Hershey, PA. The organization was established in 1983. According to its NTEE Classification (D40) the organization is classified as: Veterinary Services, 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. Maryland Veterinary 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 06/2022, Maryland Veterinary Foundation generated $50.6k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 33.3% each year . All expenses for the organization totaled $46.1k during the year ending 06/2022. While expenses have increased by 7.9% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATIONAL ASSISTANCE
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS TO VETERINARY MEDICINE STUDENTS TO HELP FURTHER THEIR EDUCATIONAL GOALS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Richard Streett Co-Chairperson/trustee | OfficerTrustee | 3 | $0 |
Dr Michael D Erskine Chairperson | OfficerTrustee | 2 | $0 |
Dr Pamela Armstrong Trustee | Trustee | 1 | $0 |
Dr Bob Silcox Trustee | Trustee | 1 | $0 |
Dr John Moffa Trustee | Trustee | 1 | $0 |
Dr Fred Lewis Sr Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $2,626 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $320 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,946 |
| Total Program Service Revenue | $0 |
| Investment income | $10,932 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $36,730 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $50,608 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $22,500 |
| 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 | $5,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $8,284 |
| Fees for services: Other | $8,542 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,369 |
| All other expenses | $0 |
| Total functional expenses | $46,095 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $296,788 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $50 |
| 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 | $873 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $374,254 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $671,965 |
| Accounts payable and accrued expenses | $904 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $904 |
| Net assets without donor restrictions | $380,434 |
| Net assets with donor restrictions | $290,627 |
| 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 | $671,965 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Maryland Veterinary Foundation has recieved totaling $64.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $64 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Speak Animal Hospital Pc Binghamton, NY | $862,491 | $2,539,772 |
Pennsylvania Veterinary Medical Association Hummelstown, PA | $1,132,847 | $1,299,566 |
Altercare Animal Clinic Canton, OH | $398,802 | $974,570 |
United Veterinary Services Association Inc Rockville, MD | $752,140 | $633,618 |
Rescue City Inc Brooklyn, NY | $156,502 | $527,111 |
National Association Of Veterinary Technician In America Inc Bridgewater, NJ | $1,044,891 | $788,144 |
Maryland Veterinary Medical Association Inc Hershey, PA | $230,742 | $328,367 |
Encompass Animal Health Inc Hamburg, NY | $69,882 | $298,058 |
Delaware Veterinary Medical Association Inc Newark, DE | $171,674 | $0 |
Global Solace Inc Beallsville, MD | $134,757 | $243,461 |
Long Island Veterinary Medical Association Inc Garden City, NY | $234,401 | $0 |
Pennsylvania Veterinary Foundation Hummelstown, PA | $302,253 | $80,335 |