Form 990 for tax year 2022
Filed by FLORIDA VETERINARY MEDICINE FACULTY ASSOCIATION INC.
Totals
- Total revenue
- $24,923,184
- Total expenses
- $27,833,074
- Contributions and grants received
- $0
- Grants paid
- $26,430,658
- Program service revenue
- $24,921,541
- Investment income
- $0
- Other revenue
- $1,643
- Total assets, end of year
- $13,065,242
- Total liabilities, end of year
- $3,883,184
- Net assets or fund balances, end of year
- $9,182,058
- Program services expenses (Part IX)
- $27,833,074
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $27,833,074
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 $24,921,541 · related or exempt $24,921,541
-
11a · Other revenue: NSF FEES
total $1,643 · excluded $1,643
-
11e · Other revenue, total
$1,643
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $26,430,658 · program services $26,430,658
-
11g · Fees: other
total $29,127 · program services $29,127
-
13 · Office expenses
total $242,707 · program services $242,707
-
24a · Other expenses: BANK SERVICE CHARGES
total $1,023,457 · program services $1,023,457
-
24b · Other expenses: BAD DEBTS
total $107,125 · program services $107,125
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $4,882,969 · end of year $2,709,847
-
2 · Savings and temporary cash investments
beginning of year $9,500,000 · end of year $8,800,000
-
4 · Accounts receivable
beginning of year $736,610 · end of year $1,185,341
-
15 · Other assets
end of year $370,054
-
17 · Accounts payable and accrued expenses
beginning of year $2,279,336 · end of year $2,942,223
-
19 · Deferred revenue
beginning of year $593,809 · end of year $447,678
-
25 · Other liabilities
beginning of year $154,486 · end of year $493,283
-
29 · Capital stock, trust principal or current funds
beginning of year $12,091,948 · end of year $9,182,058
Mission and programs · 2022
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 $27,833,074 · Grants $26,430,658 · Revenue $24,921,541
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Dana ZimmelDANA ZIMMEL
PRESIDENT
- Total calculated
- $447,312
- From this org
- $0
- From related orgs
- $396,937
- Other
- $50,375
- Hours/week
- 3 + 50 related
Schedule J breakdown matched by us
- Base
- not reported + $396,937 related
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported + $27,708 related
- Nontaxable benefits
- not reported + $22,667 related
- Filer's total
- not reported + $447,312 related
-
Curtis ReynoldsCURTIS REYNOLDS
DIRECTOR
- Total calculated
- $543,862
- From this org
- $0
- From related orgs
- $425,706
- Other
- $118,156
- Hours/week
- 0.1 + 50 related
Schedule J breakdown matched by us
- Base
- not reported + $357,633 related
- Bonus
- not reported
- Other
- not reported + $68,073 related
- Deferred
- not reported + $93,122 related
- Nontaxable benefits
- not reported + $25,034 related
- Filer's total
- not reported + $543,862 related
-
Kelly SharpKELLY SHARP
DIRECTOR
- Total calculated
- $258,275
- From this org
- $0
- From related orgs
- $210,548
- Other
- $47,727
- Hours/week
- 0.1 + 50 related
Schedule J breakdown matched by us
- Base
- not reported + $208,709 related
- Bonus
- not reported
- Other
- not reported + $1,839 related
- Deferred
- not reported + $23,242 related
- Nontaxable benefits
- not reported + $24,485 related
- Filer's total
- not reported + $258,275 related
-
Linda SanchezLINDA SANCHEZ
DIRECTOR
- Total calculated
- $278,082
- From this org
- $0
- From related orgs
- $244,761
- Other
- $33,321
- Hours/week
- 0.1 + 50 related
Schedule J breakdown matched by us
- Base
- not reported + $244,761 related
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported + $22,915 related
- Nontaxable benefits
- not reported + $10,406 related
- Filer's total
- not reported + $278,082 related
-
Michael AherneMICHAEL AHERNE
DIRECTOR
- Total calculated
- $186,154
- From this org
- $0
- From related orgs
- $162,281
- Other
- $23,873
- Hours/week
- 0.1 + 50 related
Schedule J breakdown matched by us
- Base
- not reported + $143,846 related
- Bonus
- not reported + $18,435 related
- Other
- not reported
- Deferred
- not reported + $13,467 related
- Nontaxable benefits
- not reported + $10,406 related
- Filer's total
- not reported + $186,154 related
-
Alanna JohnsonALANNA JOHNSON
DIRECTOR
- Total calculated
- $179,584
- From this org
- $0
- From related orgs
- $155,099
- Other
- $24,485
- Hours/week
- 0.1 + 50 related
Schedule J breakdown matched by us
- Base
- not reported + $143,019 related
- Bonus
- not reported + $12,080 related
- Other
- not reported
- Deferred
- not reported + $13,391 related
- Nontaxable benefits
- not reported + $11,094 related
- Filer's total
- not reported + $179,584 related
-
Diego De GasperiDIEGO DE GASPERI
DIRECTOR
- Total calculated
- $177,219
- From this org
- $0
- From related orgs
- $140,110
- Other
- $37,109
- Hours/week
- 0.1 + 50 related
Schedule J breakdown matched by us
- Base
- not reported + $129,790 related
- Bonus
- not reported + $10,320 related
- Other
- not reported
- Deferred
- not reported + $12,151 related
- Nontaxable benefits
- not reported + $24,958 related
- Filer's total
- not reported + $177,219 related
-
Erin HotochinERIN HOTOCHIN
TREASURER/SE
- Total calculated
- $140,826
- From this org
- $0
- From related orgs
- $114,173
- Other
- $26,653
- Hours/week
- 15 + 50 related
-
Christopher AdinCHRISTOPHER ADIN
VICE PRESIDE
- Total calculated
- $289,632
- From this org
- $0
- From related orgs
- $242,944
- Other
- $46,688
- Hours/week
- 1 + 50 related
Schedule J breakdown matched by us
- Base
- not reported + $240,293 related
- Bonus
- not reported + $2,651 related
- Other
- not reported
- Deferred
- not reported + $22,497 related
- Nontaxable benefits
- not reported + $24,191 related
- Filer's total
- not reported + $289,632 related
-
Michael MisonMICHAEL MISON
DIRECTOR
- Total calculated
- $187,366
- From this org
- $0
- From related orgs
- $165,828
- Other
- $21,538
- Hours/week
- 0.1 + 50 related
Schedule J breakdown matched by us
- Base
- not reported + $149,205 related
- Bonus
- not reported
- Other
- not reported + $16,623 related
- Deferred
- not reported + $13,990 related
- Nontaxable benefits
- not reported + $7,548 related
- Filer's total
- not reported + $187,366 related
-
Bobby LeeBOBBY LEE
DIRECTOR
- Total calculated
- $208,678
- From this org
- $0
- From related orgs
- $175,744
- Other
- $32,934
- Hours/week
- 0.1 + 50 related
Schedule J breakdown matched by us
- Base
- not reported + $174,303 related
- Bonus
- not reported
- Other
- not reported + $1,441 related
- Deferred
- not reported + $20,099 related
- Nontaxable benefits
- not reported + $12,835 related
- Filer's total
- not reported + $208,678 related
-
Sally Anne DenottaSALLY ANNE DENOTTA
DIRECTOR (OU
- Total calculated
- $162,809
- From this org
- $0
- From related orgs
- $140,221
- Other
- $22,588
- Hours/week
- 0.1 + 50 related
Schedule J breakdown matched by us
- Base
- not reported + $130,621 related
- Bonus
- not reported + $9,600 related
- Other
- not reported
- Deferred
- not reported + $12,229 related
- Nontaxable benefits
- not reported + $10,359 related
- Filer's total
- not reported + $162,809 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)
- SCHEDULE J, PART III
- 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
-
$26,430,658
REIM OF OPER EXP
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.
-
UNIV OF FLORIDA BOARD OF TRUSTEES
170C · EDUCATION · FL
Directly controlled by NA
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 19 March 2024
- IRS schema version
- 2022v5.0
- Source object
- 202430799349300048
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