Form 990 for tax year 2022
Filed by MINNESOTA VETERINARY MEDICAL FOUNDATION.
Totals
- Total revenue
- $383,762
- Total expenses
- $346,207
- Contributions and grants received
- $298,659
- Grants paid
- $257,788
- Program service revenue
- $0
- Investment income
- $16,102
- Other revenue
- $69,001
- Total assets, end of year
- $1,733,097
- Total liabilities, end of year
- $27,620
- Net assets or fund balances, end of year
- $1,705,477
- Program services expenses (Part IX)
- $262,169
- Management and general expenses
- $72,339
- Fundraising expenses
- $11,699
- Program service expenses (Part III)
- $262,169
Program services were 75.7% 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
$298,659
-
3 · Investment income
total $38,930 · excluded $38,930
-
7a · Gross sales of assets other than inventory
securities $541,807
-
7b · Less cost or other basis and sales expenses
securities $564,635
-
7c · Gain or loss
securities -$22,828
-
7d · Net gain or loss
total -$22,828 · excluded -$22,828
-
8a · Fundraising events: gross income
$125,216
-
8b · Fundraising events: direct expenses
$56,215
-
8c · Net income from fundraising events
total $69,001 · excluded $69,001
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $64,200 · program services $64,200
-
2 · Grants to domestic individuals
total $193,588 · program services $193,588
-
11c · Fees: accounting
total $9,279 · management and general $9,279
-
11f · Fees: investment management
total $13,548 · management and general $13,548
-
11g · Fees: other
total $42,182 · management and general $42,182
-
13 · Office expenses
total $14,536 · program services $2,843 · management and general $7,330 · fundraising $4,363
-
19 · Conferences, conventions and meetings
total $2,026 · fundraising $2,026
-
24a · Other expenses: ADMINISTRATIVE SUPPORT
total $6,848 · program services $1,538 · fundraising $5,310
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $173,583 · end of year $114,032
-
9 · Prepaid expenses and deferred charges
beginning of year $7,093 · end of year $3,571
-
11 · Investments: publicly traded securities
beginning of year $1,429,878 · end of year $1,615,494
-
19 · Deferred revenue
beginning of year $18,215 · end of year $27,620
-
27 · Net assets without donor restrictions
beginning of year $1,362,327 · end of year $1,443,561
-
28 · Net assets with donor restrictions
beginning of year $230,012 · end of year $261,916
Mission and programs · 2022
Mission
THE MISSION OF MINNESOTA VETERINARY MEDICAL FOUNDATION IS TO PROVIDE SCHOLARSHIPS AND EDUCATIONAL GRANTS TO BENEFIT ANIMAL HEALTH AND ENSURE THE FUTURE OF VETERINARY MEDICINE.
Activities or mission (Part I)
TO PROVIDE SCHOLARSHIPS AND EDUCATIONAL GRANTS TO BENEFIT ANIMAL HEALTH AND ENSURE THE FUTURE OF VETERINARY MEDICINE
-
Withheld by Nonprofiteer: this text may name a private individual.
Expenses $262,169 · Grants $257,788
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.
Listed in Part VII
-
Kelly AndrewsKELLY ANDREWS
EXECUTIVE DIRECTOR
- Total calculated
- $127,749
- From this org
- $0
- From related orgs
- $124,045
- Other
- $3,704
- Hours/week
- 5 + 40 related
-
Nona NessethNONA NESSETH
PRESIDENT THROUGH 2022
- Total calculated
- $0
- Hours/week
- 0.33
-
Heidi Mittelsteadt DVMHEIDI MITTELSTEADT DVM
DIRECTOR THROUGH 2022, PRESIDENT 2023
- Total calculated
- $0
- Hours/week
- 0.33
-
Paul Draheim DVMPAUL DRAHEIM DVM
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 0.33
-
James OstlundJAMES OSTLUND
SECRETARY/TREASURER
- Total calculated
- $0
- Hours/week
- 0.33
-
John Baillie DVMJOHN BAILLIE DVM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.33
-
Dave Brewer DVMDAVE BREWER DVM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.33
-
Erin Burton DVMERIN BURTON DVM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.33
-
Nicholas Grossapoulos DVMNICHOLAS GROSSAPOULOS DVM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.33
-
Jason Nordaune DVMJASON NORDAUNE DVM
DIRECTOR BEGINNING 2023
- Total calculated
- $0
- Hours/week
- 0.33
-
Nancy Peterson DVMNANCY PETERSON DVM
DIRECTOR BEGINNING 2023
- Total calculated
- $0
- Hours/week
- 0.33
-
Connie Sillerud DVMCONNIE SILLERUD DVM
DIRECTOR THROUGH 2022
- Total calculated
- $0
- Hours/week
- 0.33
-
Jeremy Smith DVMJEREMY SMITH DVM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.33
-
Linda SpenglerLINDA SPENGLER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.33
-
Jerry Sprau DVMJERRY SPRAU DVM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.33
-
Tom Wetzell DVMTOM WETZELL DVM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.33
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.
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 I, LINE 3
- THE EXECUTIVE DIRECTOR OF THE FOUNDATION IS AN EMPLOYEE OF MINNESOTA VETERINARY MEDICAL ASSOCIATION, A RELATED ORGANIZATION. THE RELATED ORGANIZATION DETERMINES THE COMPENSATION OF THE EXCUTIVE DIRECTOR.
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
-
PROFESSIONAL AND PUBLIC EDUCATION GRANTS
-
PROGRAM SUPPORT
-
PROGRAM SUPPORT
-
PROGRAM SUPPORT
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.
-
MINNESOTA VETERINARY MEDICAL ASSOCIATION
501(C)(6) · PROMOTION OF VETERINARY MEDICINE · MN
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 22 January 2024
- IRS schema version
- 2022v5.0
- Source object
- 202440379349301709
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