North Carolina Veterinary Medical Association
- Assets
- $2.6m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 3
- Location
- Raleigh, NC
- Founding
- 10/1994
- Data as of
- 12/2023
- EIN
- 56-1849305
Organization Overview
North Carolina Veterinary Medical Association is located in Raleigh, NC. The organization was established in 1994. According to its NTEE Classification (D40) the organization is classified as: Veterinary Services, under the broad grouping of Animal-Related and related organizations. As of 12/2023, North Carolina Veterinary Medical Association employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. North Carolina Veterinary Medical Association 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 12/2023, North Carolina Veterinary Medical Association generated $1.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $1.3m during the year ending 12/2023. While expenses have increased by 4.3% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE NORTH CAROLINA VETERINARY MEDICAL ASSOCIATION IS DEDICATED TO COMPASSIONATE, QUALITY HEALTH CARE FOR ALL ANIMALS; PROTECTING THE HEALTH OF THE PUBLIC; STRENGTHENING THE HUMAN-ANIMAL BOND AND PROVIDING ADVANCED CONTINUING EDUCATION FOR OUR MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ASSOCIATION PUBLISHES A NEWSLETTER FOR ITS MEMBERS. THEY HOLD TWO MAJOR CONFERENCES AS WELL AS VARIOUS WORKSHOPS AND SEMINARS FOR CONTINUING EDUCATION.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marguerite Gleason DVM President | OfficerTrustee | 5 | $0 |
Shannon Bass DVM President-Elect | OfficerTrustee | 5 | $0 |
Karyn Smith DVM Vice President | OfficerTrustee | 5 | $0 |
Paige Harrington DVM Secretary/treasurer | OfficerTrustee | 5 | $0 |
Ed Faulkner Immediate Past President | OfficerTrustee | 5 | $0 |
Ronni Mckown DVM Director | Trustee | 2 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,474,287 |
| Investment income | $45,465 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $9,252 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,531,979 |
| 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. | $139,590 |
| Compensation of current officers, directors, key employees. | $27,918 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $119,750 |
| Pension plan accruals and contributions | $3,683 |
| Other employee benefits | $3,000 |
| Payroll taxes | $20,124 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $450 |
| Fees for services: Accounting | $5,428 |
| Fees for services: Lobbying | $24,676 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $266 |
| Fees for services: Other | $33,175 |
| Advertising and promotion | $525 |
| Office expenses | $19,201 |
| Information technology | $9,740 |
| Royalties | $0 |
| Occupancy | $3,727 |
| Travel | $8,484 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $715,869 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,281 |
| Insurance | $4,221 |
| All other expenses | $3,743 |
| Total functional expenses | $1,270,293 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $688,789 |
| Savings and temporary cash investments | $39,933 |
| 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 | $128,604 |
| Investments—publicly traded securities | $1,789,343 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,646,669 |
| Accounts payable and accrued expenses | $65,675 |
| Grants payable | $0 |
| Deferred revenue | $280,490 |
| 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 | $346,165 |
| Net assets without donor restrictions | $2,300,504 |
| 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 | $2,646,669 |