Acvs Foundation Inc
- Assets
- $4.5m
- Revenue
- $504.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Germantown, MD
- Founding
- 02/1996
- Data as of
- 12/2021
- EIN
- 52-1946008
Organization Overview
Acvs Foundation Inc is located in Germantown, MD. The organization was established in 1996. According to its NTEE Classification (D05) the organization is classified as: Research Institutes & Public Policy Analysis, 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. Acvs Foundation 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 12/2021, Acvs Foundation Inc generated $504.3k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $170.9k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (7.8%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Acvs Foundation Inc has awarded 62 individual grants totaling $739,958. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE ACVS FOUNDATION IS TO SUPPORT THE ADVANCEMENT OF SURGICAL CARE OF ALL ANIMALS. AS AN INDEPENDENTLY-CHARTERD NONPROFIT PHILANTHROPIC ORGANIZATION, THE ACVS FOUNDATION IS DEVOTED TO THE ADVANCEMENT OF SURGICAL CARE OF ALL ANIMALS THROUGH FUNDING OF EDUCATIONAL AND RESEARCH OPPORTUNITIES FOR VETERINARY SURGICAL RESIDENTS AND BOARD CERTIFIED VETERINARY SURGEONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESEARCH GRANT PROGRAM - THE ACVS FOUNDATION RESEARCH GRANT PROGRAMS PROVIDE FUNDING FOR SURGICALLY RELATED CLINICAL AND BASIC RESEACH.
CONTINUING EDUCATION SUPPORT PROGRAM - ACVS FOUNDATION PROVIDES SPONSORSHIPS TO SUPPORT AND CONGRATULATE FUTURE LEADERS IN VETERINARY SURGERY, SUCH AS OUTSTANDING SURGICAL RESIDENTS' AWARDS WHICH ENCOURAGES THE DEVELOPMENT OF CLINICALLY IMPORTANT RESEARCH AND THE DISSEMINATION OF THE RESULTS OF THESE INVESTIGATIONS, PARTICULARLY THOSE CONDUCTED BY SURGICAL RESIDENTS.
NEW DIPLOMATE OUTREACH PROGRAM - ACVS FOUNDATION PROVIDES CERTIFICATIONS FOR ACVS DIPLOMATES ON PASSING THE PHASE I SURGICAL KNOWLEDGE EXAMINATION AND PHASE II SURGICAL COMPETENCY EXAMINATION. THE TOTAL NUMBER OF ACVS DIPLOMATES IS NOW OVER 2,000 WITH APPROXIMATELY 67% SMALL ANIMAL SURGEONS AND 33% LARGE ANIMAL SURGEONS.
RESIDENT AND STUDENT AWARD PROGRAM - THE ACVS FOUNDATION PRESENTS AWARDS FOR OUTSTANDING SURGICAL RESIDENT PRESENTATIONS, POSTERS, AND PUBLICATIONS ANNUALLY AT THE ACVS SURGERY SUMMIT. THIS RECOGNITION ENCOURAGES THE CONTINUED DEVELOPMENT OF CLINICALLY IMPORTANT RESEARCH, PARTICULARLY THAT CONDUCTED BY SURGICAL RESIDENTS-IN-TRAINING.ON AN ANNUAL BASIS, THE ACVS FOUNDATION CONFERS THE STUDENT SURGICAL PROFICIENCY AWARD UPON SELECTED MEMBERS OF THE SENIOR CLASSES FROM EACH VETERINARY SCHOOL IN THE UNITED STATES AND CANADA. AT THE DISCRETION OF EACH INSTITUTION, UP TO TWO AWARDS MAY BE GIVEN, ONE FOR PROFICIENCY IN LARGE ANIMAL SURGERY AND ONE OF PROFICIENCY IN SMALL ANIMAL SURGERY OR ONE GENERAL CERTIFICATE. EACH AWARD IS GIVEN TO A SENIOR STUDENT WHO DEMONSTRATES EXCEPTIONAL APTITUDE THROUGH INITIATIVE, DIAGNOSTIC SKILL, DEXTERITY AND PERIOPERATIVE CARE OF ANIMALS UNDERGOING SURGERY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Spencer A Johnston Chair - Emeritus | OfficerTrustee | 1 | $0 |
Karen Cornell Chair | OfficerTrustee | 1 | $0 |
Susan L Fubini President | OfficerTrustee | 1 | $0 |
Ronald M Mclaughlin Jr President - Elect | OfficerTrustee | 1 | $0 |
Julie D Smith Treasurer | OfficerTrustee | 1 | $0 |
Ann T Loew Chief Executive Officer | Officer | 39 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $30,030 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $123,413 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $153,443 |
| Total Program Service Revenue | $0 |
| Investment income | $127,926 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $224,279 |
| Net Income from Fundraising Events | -$2,476 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $504,287 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $113,060 |
| Grants and other assistance to domestic individuals. | $1,546 |
| 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 | $10,760 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $29,768 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,043 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $170,904 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $242,761 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $9,627 |
| 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 | $1,053 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $4,232,179 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,113 |
| Total assets | $4,491,733 |
| Accounts payable and accrued expenses | $8,021 |
| 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 | $5,037 |
| Total liabilities | $13,058 |
| Net assets without donor restrictions | $4,425,233 |
| Net assets with donor restrictions | $53,442 |
| 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 | $4,491,733 |
Grants Awarded
Over the last fiscal year, Acvs Foundation Inc has awarded $113,060 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
East Lansing, MI PURPOSE: DIPLOMATE RESEARCH GRANT | $19,364 |
Gainesville, FL PURPOSE: SURGERY IN TRAINING | $14,960 |
COLORADO STATE UNIVERSITY PURPOSE: SURGERY IN TRAINING | $14,811 |
OREGON STATE UNIVERSITY PURPOSE: SURGERY IN TRAINING | $14,123 |
CURATORS UNIVERSITY OF MISSOURI PURPOSE: SURGERY IN TRAINING | $12,555 |
COLORADO STATE UNIVERSITY PURPOSE: DIPLOMATE RESEARCH GRANT | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Acvs Foundation Inc has recieved totaling $8,000.
| Awarding Organization | Amount |
|---|---|
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $8,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jane Goodall Institute For Wildlife Research Education & Conservation Washington, DC | $20,429,474 | $22,833,428 |
National Aviary Pittsburgh Inc Pittsburgh, PA | $24,896,933 | $8,459,320 |
Human Animal Bond Research Foundation Washington, DC | $1,111,532 | $2,008,382 |
Mgvp Inc Baltimore, MD | $1,483,359 | $2,025,074 |
Fats & Proteins Research Foundation Inc Alexandria, VA | $1,414,864 | $849,356 |
Center For Humane Economy Inc Bethesda, MD | $352,841 | $667,923 |
District Of Columbia Academy Of Veterinary Medicine Inc Fairfax, VA | $1,258,152 | $420,168 |
Alkylphenols & Ethoxylates Research Council Inc Washington, DC | $219,636 | $164,337 |
Acvs Foundation Inc Germantown, MD | $4,491,733 | $504,287 |
Good Nature Institute Newark, DE | $83,952 | $1,691 |
Center For Pet Safety Reston, VA | $1,011 | $0 |