Texas Veterinary Medical Association
- Assets
- $8.0m
- Revenue
- $3.0m
- Investments
- $150.2k
- Employees
- 16
- Location
- Austin, TX
- Founding
- 08/1960
- Data as of
- 06/2022
- EIN
- 75-1094125
Organization Overview
Texas Veterinary Medical Association is located in Austin, TX. The organization was established in 1960. 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 06/2022, Texas Veterinary Medical Association employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Texas 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 06/2022, Texas Veterinary Medical Association generated $3.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.1% each year. All expenses for the organization totaled $2.6m during the year ending 06/2022. While expenses have increased by 4.9% 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
TO PROMOTE, ADVOCATE FOR AND PROTECT THE VETERINARY MEDICAL PROFESSION AND TO ADVANCE ANIMAL HEALTH FOR THE WELL-BEING OF ANIMALS AND HUMANS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TEXAS VETERINARIAN MAGAZINE - PUBLICATION OF A BI-MONTHLY MAGAZINE THAT INCLUDES COMMENTARY, FEATURE ARTICLES, NEWS BRIEFS, PROFILES OF VETERINARY LEADERS AND AWARD WINNERS, PRACTICE MANAGEMENT COLUMNS, AND THE TEXAS VETERINARY MEDICAL DIAGNOSTIC LABORATORY REPORT.
ANNUAL CONFERENCE - ANNUAL MEETING, CONTINUING EDUCATION AND EXHIBITS OF INTEREST FOR VETERINARIANS AND THOSE INTERESTED IN VETERINARY MEDICINE.
VETERINARY EMPLOYEE IMPROVEMENT PROGRAMS - SUPPORTS THE CONTINUING EDUCATION AND CERTIFICATION OF VETERINARY TECHNICIANS AND ASSISTANTS AS A MEANS TO IMPROVE BOTH THE SKILLS OF SUCH EMPLOYEES AND THE PRODUCTIVITY OF THE PRACTICE AS A WHOLE.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chris Copeland Executive Director | Officer | 40 | $178,522 |
Elizabeth Choate General Counsel | 40 | $103,120 | |
Steven Golla Immediate Past President | OfficerTrustee | 2 | $17,202 |
H Keven Mcshane Treasurer | OfficerTrustee | 2 | $13,200 |
Tamra Walthall President | OfficerTrustee | 2 | $0 |
Susan Culp Council Chair | 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 | $50,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $50,000 |
| Total Program Service Revenue | $2,095,473 |
| Investment income | $95,896 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $539,033 |
| 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 | $40,640 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,012,890 |
| 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. | $238,786 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $878,865 |
| Pension plan accruals and contributions | $37,418 |
| Other employee benefits | $61,243 |
| Payroll taxes | $77,596 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $19,690 |
| Fees for services: Lobbying | $86,101 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $28,475 |
| Fees for services: Other | $159,699 |
| Advertising and promotion | $2,448 |
| Office expenses | $146,229 |
| Information technology | $1,559 |
| Royalties | $0 |
| Occupancy | $173,641 |
| Travel | $100,807 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $397,166 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $85,357 |
| Insurance | $12,152 |
| All other expenses | $0 |
| Total functional expenses | $2,586,922 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $801,474 |
| Savings and temporary cash investments | $1,128,455 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $39,256 |
| 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 | $43,659 |
| Net Land, buildings, and equipment | $1,320,640 |
| Investments—publicly traded securities | $4,518,720 |
| Investments—other securities | $150,194 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,002,398 |
| Accounts payable and accrued expenses | $50,678 |
| Grants payable | $0 |
| Deferred revenue | $857,188 |
| 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 | $907,866 |
| Net assets without donor restrictions | $7,075,318 |
| Net assets with donor restrictions | $19,214 |
| 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 | $8,002,398 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Texas Veterinary Medical Association has recieved totaling $20,000.
| Awarding Organization | Amount |
|---|---|
Texas Veterinary Medical Foundation Austin, TX PURPOSE: TexVetPets.org | $20,000 |
Endowment Analysis
| Beg. Balance | $183,011 |
| Earnings | $1,020 |
| Admin Expense | $623 |
| Grants | $6,500 |
| Ending Balance | $176,908 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Texas Veterinary Medical Association Austin, TX | $8,002,398 | $3,012,890 |
Brownsville Spay Neuter Inc Olmito, TX | $56,024 | $1,716,803 |
Low Cost Animal Medical Center New Orleans, LA | $370,702 | $1,527,100 |
Chew Animal Clinic Dallas, TX | $695,699 | $847,126 |
Robinsons Rescue Inc Shreveport, LA | $1,284,866 | $737,500 |
Laurels House Houston, TX | $3,050 | $437,666 |
Oklahoma Veterinary Medical Association Oklahoma City, OK | $974,564 | $439,474 |
Abandoned Pet Project Boerne, TX | $111,240 | $272,225 |
Texas Foundation For Animal Care Fort Worth, TX | $65,605 | $374,028 |
Project Street Vet Albuquerque, NM | $264,213 | $488,752 |
Arkansas Veterinary Medical Association Little Rock, AR | $497,598 | $330,849 |
Save A Dogslife Carrollton, TX | $292,510 | $0 |