Form 990 for tax year 2022

Totals

Total revenue

$30,852,984

Total expenses

$28,679,149

Contributions and grants received

$226,150

Grants paid

$134,881

Program service revenue

$29,080,579

Investment income

$520,152

Other revenue

$1,026,103

Total assets, end of year

$27,098,945

Total liabilities, end of year

$13,567,417

Net assets or fund balances, end of year

$13,531,528

Program services expenses (Part IX)

$24,519,827

Management and general expenses

$4,159,322

Fundraising expenses

$0

Program service expenses (Part III)

$24,519,827

Program services were 85.5% 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.

Mission and programs · 2022

• NAVC's program activities consist primarily of educational activities which provide training opportunities to develop the knowledge and capabilities of individuals involved in the veterinary healthcare community. The educational opportunities provided by NAVC train participants in the most up-to-date treatment and care methodologies, which allow these participants to provide a higher quality of care for animals. The Organization presents an annual educational conference, Veterinary Meeting & Expo (VMX), to veterinary professionals and others which offers advanced learning opportunities, innovations, and meaningful connections to participants. The 2023 VMX had over 27,000 attendees for its five-day conference both in-person in Orlando, Florida, and virtually around the globe. Attendees received world-class continuing education through interactive symposia, hands-on labs, lectures, and exhibitor booths. The education at VMX allows attendees to provide a higher quality of animal care and provides necessary continuing education credits to allow veterinary professionals to meet state-mandated education and licensing requirements. NAVC also provides students and others with financial need discounted/free admissions to attend its conference and other training activities to provide greater educational opportunities to those individuals who might otherwise be unable to attend. In connection with the NAVC Conference, the Organization received approximately $278,600 of free use of medical equipment.In 2023, NAVC also offered an online product, VMX Virtual. This allowed attendees to experience VMX virtually that otherwise wouldn't be able to attend, and also gave exhibitors the opportunity to showcase their booths virtually to this audience. VMX Virtual offers both live interactive sessions as well as OnDemand content that is consumed when it is convenient for the learner.

  Expenses $13,330,663 · Grants $44,573 · Revenue $18,238,666

• The Media, (formerly Publishing), group provides world-class education and training to develop the knowledge and capabilities of individuals in the veterinary healthcare community through journals and online media. All publications are supplemented by regular digital communications and a robust website which provides key educational information to individuals involved in various aspects of animal care. Today's Veterinary Practice is published six times per year as a free educational resource for members of the veterinary community. It is provided free of charge to veterinarians, veterinary nurses/technicians, practice managers, veterinary assistants, veterinary faculty, and third-year and fourth-year veterinary students. The peer-reviewed journal is BPA media audited and certified and has a circulation of 65,000 subscribers. This publication is USPS postal verified. Today's Veterinary Nurse (previously Today's Veterinary Technician) is an official peer-reviewed print journal and is published four times per year as a free educational resource for members of the veterinary community. It is provided free of charge to veterinary nurses/technicians, veterinary assistants, veterinary technician students, and other members of the veterinary healthcare team. The journal has a circulation of 45,000 subscribers. This publication is USPS postal verified. Today's Veterinary Business is dedicated to improving the financial health of veterinary practices. It is provided free of charge as an educational resource. It is sent to 55,000 practice owners, practice managers and associate veterinarians on a bimonthly basis and features content related to finance, leadership, community, human resources, retail/merchandising and marketing. This publication is USPS postal verified. Veterinary Advantage is dedicated to providing educational resources to distribution channel representatives. Its goal is to improve the knowledge and performance of inside and outside distributor sales reps, so they can bring value to veterinary practices and ultimately help improve the quality of care. VetAdvantage is provided free of charge to 7,500 representatives on a bimonthly basis and features content related to the animal health industry.

  Expenses $5,625,721 · Grants $7,684 · Revenue $30,804

• In 2021, NAVC created a new segment of business- Virtual XP. This brand encompasses our new fully acquired online learning platform- VetFolio. This segment focuses on providing visual and interactive virtual learning programs to the veterinary community. Virtual XP houses year-round educational resources for veterinary professionals to get industry news and educational insight through video content to enhance medical care. The programming focuses on industry-wide trends and concerns as well as what it is like to be a veterinary professional. Products offered include: Vet2Vet (which is a video learning series that provides industry insights through conversations with Veterinarians); live webinars and Level Up summits; certificate programs (non-renewing educational programs); and Spark! (NAVC's in-house production team that manages all audio and visual production for VirtualXP products as well as the entire organization).VetFolio is the online learning platform for NAVC in addition to virtual event hosting that provides educational resources to over 100,000 learners. VetFolio is an online learning resource that includes 100's of hours of onDemand learning content as well as articles, podcasts and different types of CE courses. VetFolio also hosts most virtual learning events provided under the Virtual XP business unit. VetFolio was a previous joint venture that is now wholly owned by NAVC. VetFolio houses legacy products, which include a variety of: podcasts; On Demand courses (long form, short form, microlearning); journal articles; resource centers; and eCommerce for Partners (Online Courses, etc.).

  Expenses $2,931,444 · Grants $79,001 · Revenue $2,576,899

• In addition to the VMX event mentioned above, NAVC provides additional educational and training opportunities to develop the knowledge and skill of individuals in the veterinary healthcare community through the NAVC Institute and other similar events. The NAVC Institute is an annual multi-day educational program offered to veterinary professionals. Traditionally, the NAVC Institute has over 250 registrants for its eight veterinary continuing education courses over a span of five days. These courses elevated the attendees' knowledge and skill in a particular field of study through the use of classroom lectures, hands-on labs, and group discussions with course leaders. The education at the Institute allows attendees to provide a higher quality of animal care and provides necessary continuing education credits to allow veterinary professionals to meet state-mandated education and licensing requirements.

  Expenses $2,147,778 · Grants $2,969 · Revenue $1,505,117

• HIVE was established in fiscal year 2023 with the initiative to expand NAVC's footprint by providing nationwide popup events focused on specific topics related to veterinary care and the veterinary industry. Since this is a brand new segment of NAVC's business, fiscal year 2023 was dedicated to strategy and planning, and therefore, no events occurred.

  Expenses $484,221 · Grants $654 · Revenue $71,046

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

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

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

• Human Animal Bond Research Institute

  $82,500

  General support

• Pet Sustainability Coalition

  $16,521

  General 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.

• Veterinary Innovation Council

  501(c)(6) · Advancement of veterinary profession · IL · controlled entity

  Directly controlled by Eastern States Veterinary Association

Provenance

Return type

form_990

Tax year

2022

Filed

14 August 2024

IRS schema version

2022v5.0

Source object

202442289349302379

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