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← TEXAS VETERINARY MEDICAL FOUNDATION

Form 990 for tax year 2022

Filed by TEXAS VETERINARY MEDICAL FOUNDATION.

Totals

Total revenue
$448,738
Total expenses
$814,444
Contributions and grants received
$355,696
Grants paid
$138,319
Program service revenue
$0
Investment income
$93,042
Other revenue
$0
Total assets, end of year
$3,317,608
Total liabilities, end of year
$213,537
Net assets or fund balances, end of year
$3,104,071
Program services expenses (Part IX)
$651,243
Management and general expenses
$85,964
Fundraising expenses
$77,237
Program service expenses (Part III)
$651,243

Program services were 80.0% 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.

  • 1f · All other contributions, gifts and grants

    $355,696

  • 1g · Noncash contributions included above

    $88,479

  • 3 · Investment income

    total $94,110 · unrelated business $0 · excluded $94,110

  • 7b · Less cost or other basis and sales expenses

    other assets $1,068

  • 7c · Gain or loss

    other assets -$1,068

  • 7d · Net gain or loss

    total -$1,068 · related or exempt $0 · unrelated business $0 · excluded -$1,068

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $104,029 · program services $104,029

  • 2 · Grants to domestic individuals

    total $34,290 · program services $34,290

  • 7 · Other salaries and wages

    total $154,550 · program services $96,809 · management and general $7,574 · fundraising $50,167

  • 9 · Other employee benefits

    total $10,273 · program services $8,218 · management and general $2,055 · fundraising $0

  • 10 · Payroll taxes

    total $12,001 · program services $9,601 · management and general $2,400 · fundraising $0

  • 11f · Fees: investment management

    total $23,142 · program services $0 · management and general $23,142 · fundraising $0

  • 11g · Fees: other

    total $309,647 · program services $290,883 · management and general $11,216 · fundraising $7,548

  • 13 · Office expenses

    total $75,296 · program services $34,125 · management and general $21,649 · fundraising $19,522

  • 16 · Occupancy

    total $37,224 · program services $29,779 · management and general $7,445 · fundraising $0

  • 17 · Travel

    total $42,162 · program services $34,045 · management and general $8,117 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $8,715 · program services $6,972 · management and general $1,743 · fundraising $0

  • 23 · Insurance

    total $3,115 · program services $2,492 · management and general $623 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $369,829 · end of year $77,966

  • 9 · Prepaid expenses and deferred charges

    beginning of year $32,157 · end of year $35,157

  • 10a · Land, buildings and equipment: cost or other basis

    $119,804

  • 10b · Land, buildings and equipment: accumulated depreciation

    $108,060

  • 10c · Land, buildings and equipment, net

    beginning of year $19,829 · end of year $11,744

  • 11 · Investments: publicly traded securities

    beginning of year $3,051,745 · end of year $3,192,741

  • 17 · Accounts payable and accrued expenses

    beginning of year $73,811 · end of year $213,537

  • 27 · Net assets without donor restrictions

    beginning of year $2,588,013 · end of year $2,501,830

  • 28 · Net assets with donor restrictions

    beginning of year $811,736 · end of year $602,241

Mission and programs · 2022

Mission

THE TEXAS VETERINARY MEDICAL FOUNDATION IS COMMITTED TO SUPPORTING THE VETERINARY PROFESSION AND OUR COMMUNITIES IN TEXAS BY PROVIDING RESOURCES, EDUCATION, AND PROGRAMS FOR THE RESPONSIBLE STEWARDSHIP OF ANIMALS.

  • THE FOUNDATION PROVIDES PROGRAMS TO EDUCATE THE PUBLIC ABOUT THE IMPORTANCE OF RESPONSIBLE PET OWNERSHIP; ADVANCES THE PROFESSION BY PROVIDING AWARDS AND GRANTS TO VETERINARY STUDENTS; SUPPORTS SELECT PROGRAMS AND PROJECTS THAT ADVANCE THE ART AND SCIENCE OF VETERINARY MEDICINE; SUPPORTS THE VETERINARY COMMUNITY BY BEING THE PUBLIC RELATIONS AND PHILANTHROPIC ARM OF THE VETERINARY PROFESSION; AND PROVIDES GRANTS FOR DISASTER AND EMERGENCY RELIEF.

    Expenses $651,243 · Grants $138,319

As filed on the 2022 return.

Listed in Part VII

  • Chad Harris

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Tracy McAdoo

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • H Keven McShane

    TREASURER

    Total calculated
    $14,400
    From this org
    $0
    From related orgs
    $14,400
    Other
    $0
    Hours/week
    2

  • Beverly Crocker

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Jayton Bailey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Karen Cornell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Daniel Arrington

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • John Dascanio

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Nancy Turner

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Geoffe Bratton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Deb Stone

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Tracey Deiss

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Carin Ponder

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Chris Copeland

    EXECUTIVE DIRECTOR

    Total calculated
    $150,667
    From this org
    $0
    From related orgs
    $135,784
    Other
    $14,883
    Hours/week
    2

    Schedule J breakdown matched by us

    Base
    $0 + $85,784 related
    Bonus
    $0 + $50,000 related
    Other
    $0
    Deferred
    $0 + $6,053 related
    Nontaxable benefits
    $0 + $8,830 related
    Filer's total
    $0 + $150,667 related

  • Troy Alexander

    NEW EXECUTIVE DIRECTOR

    Total calculated
    $228,131
    From this org
    $0
    From related orgs
    $212,750
    Other
    $15,381
    Hours/week
    2

    Schedule J breakdown matched by us

    Base
    $0 + $204,750 related
    Bonus
    $0 + $8,000 related
    Other
    $0
    Deferred
    $0 + $8,649 related
    Nontaxable benefits
    $0 + $6,732 related
    Filer's total
    $0 + $228,131 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)

Pt I Line 3
ALL COMPENSATION PAID BY THE TEXAS VETERINARY MEDICAL ASSOCIATION.

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.

  • TEXAS VETERINARY MEDICAL ASSOCIATION

    501(c)(6) · REPRESENTS VETERINARY MEDICINE IN TEXAS · TX

  • TEXAS VETERINARY MEDICAL ASSOCIATION PAC

    527 · POLITICAL ACTION COMMITTEE · TX

    Directly controlled by TVMA

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • TVMA INC

    C · SALES · TX · 0% owned

Provenance

Return type
form_990
Tax year
2022
Filed
1 March 2024
IRS schema version
2022v5.0
Source object
202420619349300057

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