Texas Equine Veterinary Association Foundation
- Assets
- $191.5k
- Revenue
- $118.8k
- Investments
- $0.0
- Employees
- 0
- Location
- El Dorado, AR
- Founding
- 11/2017
- Data as of
- 12/2021
- EIN
- 82-2715475
Organization Overview
Texas Equine Veterinary Association Foundation is located in El Dorado, AR. The organization was established in 2017. According to its NTEE Classification (T11) the organization is classified as: Single Organization Support, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Texas Equine Veterinary Association Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Texas Equine Veterinary Association Foundation generated $118.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (10.1%) each year. All expenses for the organization totaled $36.3k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (13.8%) per year over the past 5 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE TEVA FOUNDATION IS THE CHARITABLE FOUNDATION OF THE TEXAS EQUINE VETERINARY ASSOCIATION (TEVA) FOUNDED IN 2017. THE FOUNDATION'S OBJECTIVE IS TO RAISE, HOLD, AND ADMINISTER FUNDS FOR THE BENEFIT OF THE CHARITABLE PURPOSES OF TEVA. THE TEVA FOUNDATION WAS ESTABLISHED TO SUPPORT BENEVOLENCE IN THE EQUINE INDUSTRY AND EQUINE WELFARE, GEARED TOWARDS REGIONS SERVED BY THE TEVA ASSOCIATION. WE ACCOMPLISH THIS THROUGH RESEARCH, EDUCATION, DISASTER RELIEF, AND OUTREACH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FUNDED SCHOLARSHIPS TO VETERINARY STUDENTS TO FURTHER THEIR EDUCATION IN THE EQUINE FIELD OF STUDY.
DISASTER RELIEF FOR HURRICANE IDA - LOADS OF HAY TO FEED HORSES IN AFFECTED AREAS.
DONATION TO THE EQUINE DISEASE COMMUNICATIONS CENTER, HOSTED BY THE AAEP FOUNDATION (NOW CALLED THE FOUNDATION OF THE HORSE). THIS PROGRAM SENDS UPDATES ON EQUINE DISEASES NATIONWIDE AND HAS PROVEN A VERY VALUABLE TOOL FOR OUR MEMBERS AND A GREAT WAY TO DISSEMINATE IMPORTANT INFORMATION.
OTHER DISASTER RELIEF - REPLACE EQUIPMENT LOST IN VETERINARY CLINIC FIRE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bart Sirman Vice President | OfficerTrustee | 0.25 | $0 |
William Rhoads Immediate Past President | OfficerTrustee | 0.25 | $0 |
Bo Brock President | OfficerTrustee | 0.25 | $0 |
Jake Wells DVM Treasurer | OfficerTrustee | 0.25 | $0 |
Jolynn Joyce President Elect | OfficerTrustee | 0.25 | $0 |
Mike Martin Director | Trustee | 0.25 | $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 | $118,753 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $118,753 |
| Total Program Service Revenue | $0 |
| Investment income | $8 |
| 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 | $118,761 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,000 |
| Grants and other assistance to domestic individuals. | $26,999 |
| 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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,810 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $36,347 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $177,399 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $14,094 |
| 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 | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $191,493 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $191,493 |
| Total liabilities and net assets/fund balances | $191,493 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Texas Equine Veterinary Association Foundation has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Aaep Foundation Inc Lexington, KY PURPOSE: GRANT TO FURTHER EQUINE PROMOTION | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bokf Foundation Tulsa, OK | $18,840,585 | $10,529,453 |
Barbara Bush Houston Literacy Foundation Houston, TX | $10,679,389 | $4,314,808 |
San Jacinto Community College Foundation Pasadena Texas Pasadena, TX | $44,430,086 | $3,138,772 |
Northshore Community Foundation Covington, LA | $35,281,290 | $6,747,266 |
Ted And Drama Russell Family Foundation Knoxville, TN | $97,704,141 | $6,828,732 |
Cardwell Foundation El Paso, TX | $19,559,398 | $1,253,367 |
Real Estate Charitable Foundation Kansas City, MO | $43,935,265 | $4,204,580 |
Boys And Girls Club Of Benton County Bentonville, AR | $4,739,597 | $3,092,938 |
Highland Dallas Foundation Inc Dallas, TX | $58,559,322 | $4,564,179 |
Tarrant County College Foundation Fort Worth, TX | $35,706,902 | $3,034,806 |
William C Schumacher Family Foundation Lafayette, LA | $29,256,069 | $1,867,606 |
Charitable Holdings Ii Austin, TX | $3,026,494 | $996,055 |