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← FLORIDA VETERINARY MEDICINE FACULTY ASSOCIATION INC

Form 990 for tax year 2024

Filed by FLORIDA VETERINARY MEDICINE FACULTY ASSOCIATION INC.

Totals

Total revenue
$29,915,803
Total expenses
$29,347,555
Contributions and grants received
$0
Grants paid
$27,309,225
Program service revenue
$29,873,891
Investment income
$41,487
Other revenue
$425
Total assets, end of year
$17,548,157
Total liabilities, end of year
$3,652,951
Net assets or fund balances, end of year
$13,895,206
Program services expenses (Part IX)
$29,347,555
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$29,347,555

Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: CLINICAL REVENUE

    total $29,873,891 · related or exempt $29,873,891

  • 3 · Investment income

    total $41,487 · excluded $41,487

  • 11a · Other revenue: NSF FEES

    total $425 · excluded $425

  • 11e · Other revenue, total

    $425

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $27,309,225 · program services $27,309,225

  • 11g · Fees: other

    total $65,560 · program services $65,560

  • 13 · Office expenses

    total $410,892 · program services $410,892

  • 20 · Interest

    total $5,232 · program services $5,232

  • 24a · Other expenses: BANK SERVICE CHARGES

    total $1,309,199 · program services $1,309,199

  • 24b · Other expenses: BAD DEBTS

    total $148,766 · program services $148,766

  • 24c · Other expenses: CAPITAL LEASE PAYMENTS

    total $98,681 · program services $98,681

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,376,909 · end of year $5,150

  • 2 · Savings and temporary cash investments

    beginning of year $11,600,000 · end of year $16,178,621

  • 4 · Accounts receivable

    beginning of year $1,011,311 · end of year $1,191,694

  • 15 · Other assets

    beginning of year $271,373 · end of year $172,692

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,935,507 · end of year $2,855,362

  • 19 · Deferred revenue

    beginning of year $468,678 · end of year $419,225

  • 25 · Other liabilities

    beginning of year $528,450 · end of year $378,364

  • 29 · Capital stock, trust principal or current funds

    beginning of year $13,326,958 · end of year $13,895,206

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $0 · end of year $0

Mission and programs · 2024

Mission

THE CORPORATION IS ORGANIZED EXCLUSIVELY TO SUPPORT THE SERVICE, TEACHING AND RESEARCH MISSION AND GOALS OF THE UNIVERSITY OF FLORIDA AND ITS J. HILLIS MILLER HEALTH SCIENCE CENTER AND THE COLLEGE OF VETERINARY MEDICINE, ALL AS DETERMINED BY THE UNIVERSITY OF FLORIDA BOARD OF TRUSTEES, AND IT SHALL BE OPERATED EXCLUSIVELY FOR CHARITABLE, SCIENTIFIC AND EDUCATIONAL PURPOSES AND NOT FOR PECUNIARY PROFIT.

  • PROVIDED VETERINARY MEDICAL SERVICES AND SUPERVISED PROVISION OF VETERINARY MEDICAL SERVICES BY STUDENTS OF THE COLLEGE OF VETERINARY MEDICINE.

    Expenses $29,347,555 · Grants $27,309,225 · Revenue $29,873,891

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • DANA ZIMMEL

    PRESIDENT

    Total calculated
    $471,500
    From this org
    $0
    From related orgs
    $415,870
    Other
    $55,630
    Hours/week
    3 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $415,870 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $33,474 related
    Nontaxable benefits
    $0 + $22,286 related
    Filer's total
    $0 + $471,630 related

  • KELLY SHARP

    DIRECTOR

    Total calculated
    $317,352
    From this org
    $0
    From related orgs
    $257,986
    Other
    $59,366
    Hours/week
    0.1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $255,835 related
    Bonus
    $0
    Other
    $0 + $2,151 related
    Deferred
    $0 + $35,765 related
    Nontaxable benefits
    $0 + $23,846 related
    Filer's total
    $0 + $317,597 related

  • LINDA SANCHEZ

    DIRECTOR

    Total calculated
    $300,874
    From this org
    $0
    From related orgs
    $264,905
    Other
    $35,969
    Hours/week
    0.1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $261,130 related
    Bonus
    $0
    Other
    $0 + $3,775 related
    Deferred
    $0 + $26,126 related
    Nontaxable benefits
    $0 + $9,918 related
    Filer's total
    $0 + $300,949 related

  • MICHAEL AHERNE

    DIRECTOR (OUTGOING)

    Total calculated
    $198,975
    From this org
    $0
    From related orgs
    $161,115
    Other
    $37,860
    Hours/week
    0.1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $150,093 related
    Bonus
    $0
    Other
    $0 + $11,022 related
    Deferred
    $0 + $15,213 related
    Nontaxable benefits
    $0 + $22,892 related
    Filer's total
    $0 + $199,220 related

  • DIEGO DE GASPERI

    DIRECTOR

    Total calculated
    $183,833
    From this org
    $0
    From related orgs
    $143,523
    Other
    $40,310
    Hours/week
    0.1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $134,094 related
    Bonus
    $0
    Other
    $0 + $9,429 related
    Deferred
    $0 + $14,034 related
    Nontaxable benefits
    $0 + $26,800 related
    Filer's total
    $0 + $184,357 related

  • ERIN HOTOCHIN

    TREASURER/SECRETARY (OUTGOING)

    Total calculated
    $164,635
    From this org
    $0
    From related orgs
    $128,336
    Other
    $36,299
    Hours/week
    15 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $127,306 related
    Bonus
    $0
    Other
    $0 + $1,030 related
    Deferred
    $0 + $13,140 related
    Nontaxable benefits
    $0 + $23,445 related
    Filer's total
    $0 + $164,921 related

  • CHRISTOPHER ADIN

    VICE PRESIDENT

    Total calculated
    $349,418
    From this org
    $0
    From related orgs
    $297,142
    Other
    $52,276
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $285,531 related
    Bonus
    $0
    Other
    $0 + $11,611 related
    Deferred
    $0 + $28,825 related
    Nontaxable benefits
    $0 + $23,669 related
    Filer's total
    $0 + $349,636 related

  • BOBBY LEE

    DIRECTOR

    Total calculated
    $243,568
    From this org
    $0
    From related orgs
    $193,734
    Other
    $49,834
    Hours/week
    0.1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $192,170 related
    Bonus
    $0
    Other
    $0 + $1,564 related
    Deferred
    $0 + $26,918 related
    Nontaxable benefits
    $0 + $23,226 related
    Filer's total
    $0 + $243,878 related

  • BRYAN PATRICK BULLETT

    DIRECTOR

    Total calculated
    $145,647
    From this org
    $0
    From related orgs
    $112,071
    Other
    $33,576
    Hours/week
    0.1 + 50 related

  • SARAH SHIPPY

    DIRECTOR

    Total calculated
    $194,713
    From this org
    $0
    From related orgs
    $169,486
    Other
    $25,227
    Hours/week
    0.1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $152,525 related
    Bonus
    $0
    Other
    $0 + $16,961 related
    Deferred
    $0 + $15,313 related
    Nontaxable benefits
    $0 + $10,006 related
    Filer's total
    $0 + $194,805 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART III - OTHER ADDITIONAL INFORMATION
THROUGH THE RELATED ORGANIZATION THAT EMPLOYS THEM, SOME OF THE INDIVIDUALS REPORTED IN PART VII OF FORM 990 AND IN SCHEDULE J (FORM 990) CURRENTLY PARTICIPATE IN THE FLORIDA RETIREMENT SYSTEM (FRS), A MULTI-EMPLOYER RETIREMENT SYSTEM CREATED UNDER CHAPTER 121 OF THE FLORIDA STATUTES AND ADMINISTERED BY THE FLORIDA DIVISION OF RETIREMENT. AS STATED ON THE WEBSITE OF FRS, IT IS FUNDED BY CONTRIBUTIONS PAID BY EMPLOYERS, BASED ON A PERCENTAGE OF THE EMPLOYEES' SALARIES AND A THREE PERCENT CONTRIBUTION BY THE EMPLOYEE. THE RATE OF CONTRIBUTIONS REQUIRED IS DETERMINED BY AN ACTUARIAL CONSULTING FIRM TO ASSURE COMPLIANCE WITH THE REQUIREMENTS OF THE CONSTITUTION OF THE STATE OF FLORIDA. THE INSTRUCTIONS FOR FORM 990 INDICATE THAT PART VII AND SCHEDULE J SHOULD INCLUDE A REASONABLE ESTIMATE OF THE INCREASE IN THE ACTUARIAL VALUE OF ANY QUALIFIED OR NONQUALIFIED RETIREMENT ACCRUALS UNDER A DEFINED BENEFIT PLAN. FRS HAS STATED THAT SUCH INFORMATION CURRENTLY IS NOT AVAILABLE FOR PARTICIPANTS IN ITS PLAN. THEREFORE, THE AMOUNTS REPORTED IN PART VII AND SCHEDULE J, AS APPROPRIATE, INCLUDE THE CONTRIBUTION PAID BY THE RELATED ORGANIZATION AS ITS CONTRIBUTION ON BEHALF OF THE NAME INDIVIDUAL. THIS AMOUNT IS CONSIDERED THE BEST REASONABLE ESTIMATE OF INFORMATION REQUIRED IN THIS FORM 990 AND RELATED SCHEDULES.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
2 February 2026
IRS schema version
2024v5.5
Source object
202620639349300517

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