Kentucky Veterinary Medical Association Inc
- Assets
- $1.3m
- Revenue
- $481.9k
- Investments
- $0.0
- Employees
- 1
- Location
- Frankfort, KY
- Founding
- 04/1988
- Data as of
- 12/2023
- EIN
- 61-0621044
Organization Overview
Kentucky Veterinary Medical Association Inc is located in Frankfort, KY. The organization was established in 1988. 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. Kentucky Veterinary Medical Association Inc 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, Kentucky Veterinary Medical Association Inc generated $481.9k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $456.8k during the year ending 12/2023. While expenses have increased by 3.0% per year over the past 9 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
PROTECT AND IMPROVE WELFARE OF THE VETERINARY PROFESSION IN KENTUCKY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE INFORMATION THROUGH QUARTERLY NEWSLETTERS & CONTINUING EDUCATION. THE ASSOCIATION SERVES APPROXIMATELY 1064 MEMBERS & OTHER NON-MEMBERS ATTENDING PROGRAMS.
TO PROVIDE THE PUBLIC WITH INFORMATION REGARDING VETERINARY ISSUES AND THE VETERINARY PROFESSION THROUGH PUBLIC EDUCATION BROCHURES, ANNOUNCEMENTS AND CONFERENCES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Debra Hambelback Executive Director | 40 | $90,870 | |
Dr Jason Rodgers Director | Trustee | 2 | $0 |
Dr Bridgette Dean-Hines President Elect | OfficerTrustee | 2 | $0 |
Dr Ben Redmon Vice President | OfficerTrustee | 2 | $0 |
Dr Lauren Mirus Sec/treas | OfficerTrustee | 2 | $0 |
Dr Ernie Martinez 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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $440,739 |
| Investment income | $29,698 |
| 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 | $481,883 |
| 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. | $90,870 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $3,151 |
| Other employee benefits | $0 |
| Payroll taxes | $9,270 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,755 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $31,505 |
| Advertising and promotion | $0 |
| Office expenses | $11,830 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $8,400 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $185,200 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $399 |
| Insurance | $5,845 |
| All other expenses | $42,559 |
| Total functional expenses | $456,774 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $74,130 |
| Savings and temporary cash investments | $143,235 |
| 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 | $10,000 |
| Net Land, buildings, and equipment | $598 |
| Investments—publicly traded securities | $1,045,893 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,273,856 |
| Accounts payable and accrued expenses | $0 |
| 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 | $2,789 |
| Total liabilities | $2,789 |
| Net assets without donor restrictions | $1,206,608 |
| Net assets with donor restrictions | $64,459 |
| 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 | $1,273,856 |