Alabama Veterinary Medical Association
- Assets
- $742.5k
- Revenue
- $354.1k
- Investments
- $262.3k
- Employees
- 0
- Location
- Fayetteville, TN
- Founding
- 02/1967
- Data as of
- 12/2022
- EIN
- 63-0513253
Organization Overview
Alabama Veterinary Medical Association is located in Fayetteville, TN. The organization was established in 1967. 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. Alabama 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 12/2022, Alabama Veterinary Medical Association generated $354.1k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $286.7k during the year ending 12/2022. 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
TO ADVANCE AND PROMOTE THE ART AND SCIENCE OF VETERINARY MEDICINE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANNUAL CONVENTION AND CONFERENCES TO PROVIDE PROFESSIONAL EDUCATION AND SHARE SCIENTIFIC KNOWLEDGE WITH MEMBERSHIP OF APPROXIMATELY 750 AND WITH OTHERS IN ATTENDANCE.
THE ASSOCIATION PROVIDES SUPPORT FOR EDUCATIONAL INSTITUTIONS WITHIN ALABAMA FOR VETERINARY MEDICINE AND AWARDS STUDENTS AND VETERINARIANS IN ALABAMA FOR EXCEPTIONAL PERFORMANCE.
THE ALABAMA VETERINARIAN IS THE PRINTED COMMUNICATION CHANNEL FOR ALVMA. PUBLISHED TWICE PER YEAR IN THE SPRING AND FALL, THIS 4-COLOR MAGAZINE PROVIDES INFORMATION ON CURRENT ISSUES IN THE FIELD OF VETERINARY MEDICINE AS WELL ENTERTAINING STORIES ABOUT ITS MEMBERS. THE SPRING ISSUE CONTAINS INFORMATION ABOUT THE SUMMER CONVENTION; THE FALL ISSUE COVERS THE SUMMER CONVENTIONS ACTIVITY AND CONTAINS INFORMATION ABOUT THE WINTER PRODUCTION ANIMAL CONFERENCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Heather Vaughn Executive Director | Trustee | 40 | $0 |
Bradley Harris Vice President | OfficerTrustee | 2 | $0 |
Frances Phillips Kendrick President-Elect | OfficerTrustee | 2 | $0 |
Babette Authement Board Member At Large | OfficerTrustee | 0 | $0 |
Randy Davis Immediate Past President | OfficerTrustee | 2 | $0 |
Susan Parsons 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 | $320,416 |
| Investment income | $17,973 |
| 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 | $354,053 |
| 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 | $120,160 |
| Fees for services: Legal | $2,969 |
| Fees for services: Accounting | $2,675 |
| Fees for services: Lobbying | $40,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,513 |
| Advertising and promotion | $0 |
| Office expenses | $432 |
| Information technology | $14,320 |
| 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 | $29,791 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,508 |
| All other expenses | $9,402 |
| Total functional expenses | $286,713 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $53,556 |
| Savings and temporary cash investments | $293,694 |
| 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 | $0 |
| Investments—other securities | $262,338 |
| Investments—program-related | $132,582 |
| Intangible assets | $0 |
| Other assets | $280 |
| Total assets | $742,450 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $68,884 |
| 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 | $1,489 |
| Total liabilities | $70,373 |
| Net assets without donor restrictions | $672,077 |
| 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 | $742,450 |