Louisana Veterinary Medical
- Assets
- $811.4k
- Revenue
- $396.1k
- Investments
- $57.4k
- Employees
- 0
- Location
- Baton Rouge, LA
- Founding
- 05/1961
- Data as of
- 08/2023
- EIN
- 72-6027344
Organization Overview
Louisana Veterinary Medical is located in Baton Rouge, LA. The organization was established in 1961. According to its NTEE Classification (D03) the organization is classified as: Professional Societies & Associations, 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. Louisana Veterinary Medical 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 08/2023, Louisana Veterinary Medical generated $396.1k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $392.4k during the year ending 08/2023. While expenses have increased by 0.9% per year over the past 8 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
TO PROMOTE VETERINARY SCIENCE AND MEDICINE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WINTER MEETING. THE LVMA WINTER MEETING IS HELD OVER A THREE DAY PERIOD AND IS TYPICALLY ATTENDED BY MORE THAN 300 VETERINARIANS AND INCLUDES AN EXPOSITION OF APPROXIMATELY 50 VENDORS. PROGRAMMING IS OFFERED FOR COMPANION ANIMAL AND LARGE ANIMAL PRACTITIONERS AND A PRACTICE MANAGEMENT TRACK IS INCLUDED.
NEWSLETTER. THE LVMA NEWSLETTER IS PUBLISHED SIX TIMES PER YEAR AND MAILED TO ALL MEMBERS.
ADVOCACY. THE LVMA IS REPRESENTED BY A LOBBYING FIRM FOR LEGISLATIVE ACTIVITIES. THE ASSOCIATION IS ALSO REPRESENTED BY A POLITICAL ACTION COMMITTEE. THE LVMA ALSO ACTIVELY MONITORS THE REGULATORY ACTIVITIES OF THE LOUISIANA BOARD OF VETERINARY MEDICINE AND LOUISIANA BOARD OF PHARMACY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Glen Ritter DVM District 1 Representative | Trustee | 1 | $300 |
Clark Cooper DVM District 2 Representative | Trustee | 1 | $300 |
Monique Matherne DVM District 3 Representative | Trustee | 1 | $200 |
Jason Poynter DVM District 4 Representative | Trustee | 1 | $200 |
John Mauterer DVM District 6 Representative | Trustee | 1 | $400 |
Paul Ritch DVM District 7 Representative | Trustee | 1 | $300 |
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 | $325 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $325 |
| Total Program Service Revenue | $323,791 |
| Investment income | $9,857 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $24,892 |
| 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 | $396,144 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $38,500 |
| Grants and other assistance to domestic individuals. | $3,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $4,300 |
| 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 | $146,496 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $48,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $8,877 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $19,290 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $40,543 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,153 |
| All other expenses | $23,920 |
| Total functional expenses | $392,368 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $181,868 |
| Savings and temporary cash investments | $207,307 |
| 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 | $26,884 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $335,345 |
| Investments—other securities | $57,444 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,548 |
| Total assets | $811,396 |
| Accounts payable and accrued expenses | $27,677 |
| 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 | $0 |
| Total liabilities | $27,677 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $783,719 |
| 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 | $811,396 |
Grants Awarded
Over the last fiscal year, Louisana Veterinary Medical has awarded $11,700 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
LSU FOUNDATION PURPOSE: TO SUPPORT THE LSU SCHOOL OF VETERINARY MEDICINE | $9,600 |
DR WALTER J ERNST JR VETERINARY MEMORIAL FOUNDATION PURPOSE: TO SUPPORT THE LSU SCHOOL OF VETERINARY MEDICINE | $2,100 |