Tennessee Veterinary Medical Association
- Assets
- $1.1m
- Revenue
- $677.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Fayetteville, TN
- Founding
- 06/1961
- Data as of
- 09/2022
- EIN
- 62-0681012
Organization Overview
Tennessee Veterinary Medical Association is located in Fayetteville, TN. The organization was established in 1961. 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. Tennessee 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 09/2022, Tennessee Veterinary Medical Association generated $677.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $636.4k during the year ending 09/2022. While expenses have increased by 5.0% 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
TENNESSEE VETERINARY MEDICAL ASSOCIATION IS AN ASSOCIATION ORGANIZED TO PROMOTE THE VETERINARY PROFESSION IN THE STATE OF TENNESSEE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AT THE ANNUAL MUSIC CITY VETERINARY CONFERENCE (MCVC), HOSTED BY TENNESSEE VETERINARY MEDICAL ASSOCIATION, VETERINARIANS WILL BE ABLE TO CHOOSE FROM OVER 100 HOURS OF SESSIONS AND MAY EARN UP TO 20 HOURS OF CONTINUING EDUCATION CREDIT. CONTINUING EDUCATION CREDITS ARE OFFERED IN SMALL ANIMAL, LARGE ANIMAL, PRACTICE MANAGEMENT AND TECHNICIAN CATEGORIES.
OUTSIDE OF THE MUSIC CITY VETERINARY CONFERENCE, TENNESSEE VETERINARY MEDICAL ASSOCIATIONS PROGRAM SERVICES INCLUDE, BUT ARE NOT LIMITED TO: BRIDGING THE GAP BETWEEN EMPLOYERS AND NEW VETERINARIANS AND VETERINARIAN EDUCATION AWARENESS AND RECOGNITION FOR VETERINARY PRACTICE EXCELLENCE.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matt Povlovich Immediate Past President | OfficerTrustee | 2 | $0 |
Tai Federico President | OfficerTrustee | 2 | $0 |
Forrest Reynolds Vice President | OfficerTrustee | 2 | $0 |
Bob Parker President-Elect | OfficerTrustee | 2 | $0 |
Heather Vaughn Executive Director | OfficerTrustee | 40 | $0 |
Margaret Phillips Secretary-Treasurer | OfficerTrustee | 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 | $625,522 |
| Investment income | $45,024 |
| 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 | $677,422 |
| 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. | $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 | $143,552 |
| Fees for services: Legal | $3,575 |
| Fees for services: Accounting | $5,523 |
| Fees for services: Lobbying | $45,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $5,670 |
| Information technology | $2,792 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $8,747 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $273,948 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,016 |
| All other expenses | $45,829 |
| Total functional expenses | $636,385 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $433,013 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $648,336 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,081,349 |
| Accounts payable and accrued expenses | $11,379 |
| 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 | $300 |
| Total liabilities | $11,679 |
| Net assets without donor restrictions | $1,069,670 |
| 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 | $1,081,349 |
Grants Awarded
Over the last fiscal year, Tennessee Veterinary Medical Association has awarded $25,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
TVMF - SCHOLARSHIP | | | $15,000 |
TVMF | | | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Tennessee Veterinary Medical Association has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
The Stanton Foundation New York, NY PURPOSE: TO ACHIEVE CHARITABLE PURPOSE | $4,000 |
The Stanton Foundation New York, NY PURPOSE: TO ACHIEVE CHARITABLE PURPOSE | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Paws Of Honor Inc Williamsburg, VA | $1,452,902 | $7,932,106 |
Pet Community Center Inc Nashville, TN | $1,189,232 | $2,328,198 |
North Carolina Veterinary Medical Association Raleigh, NC | $2,669,443 | $1,456,893 |
Georgia Veterinary Medical Association Inc Norcross, GA | $2,044,998 | $1,004,458 |
Missouri Veterinary Medical Association Jefferson City, MO | $603,609 | $694,318 |
Tennessee Veterinary Medical Association Fayetteville, TN | $1,081,349 | $677,422 |
Archdale Affordable Neuter & Wellness Clinic Inc Archdale, NC | $184,115 | $585,311 |
Catsnip Cares Foundation Snellville, GA | $159,651 | $637,171 |
Virginia Veterinary Medical Association Incorporated Richmond, VA | $1,151,899 | $507,087 |
Spay Today Inc Greenville, NC | $271,357 | $409,720 |
Nothing But Luck Inc Thomasville, NC | $102,149 | $445,342 |
Kentucky Veterinary Medical Association Inc Frankfort, KY | $1,223,072 | $399,510 |