Form 990 for tax year 2022
Filed by AMERICAN ASSOCIATION OF VETERINARY MEDICAL COLLEGES.
Totals
- Total revenue
- $7,685,759
- Total expenses
- $7,952,708
- Contributions and grants received
- $1,006,574
- Grants paid
- $916,023
- Program service revenue
- $6,601,274
- Investment income
- $46,042
- Other revenue
- $31,869
- Total assets, end of year
- $16,237,439
- Total liabilities, end of year
- $5,198,464
- Net assets or fund balances, end of year
- $11,038,975
- Program services expenses (Part IX)
- $6,630,034
- Management and general expenses
- $1,322,674
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $6,630,034
Program services were 83.4% 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.
-
1e · Government grants (contributions)
$174,814
-
1f · All other contributions, gifts and grants
$831,760
-
2a · Program service revenue: APPLICATION FEES
total $4,687,549 · related or exempt $4,687,549
-
2b · Program service revenue: MEMBERSHIP DUES
total $1,479,180 · related or exempt $1,479,180
-
2c · Program service revenue: ANNUAL MEETINGS/EVENT
total $323,540 · related or exempt $323,540
-
2d · Program service revenue: MANAGEMENT SERVICE REV
total $55,493 · related or exempt $55,493
-
2e · Program service revenue: PUBLICATIONS
total $46,492 · related or exempt $46,492
-
2f · All other program service revenue
total $9,020 · related or exempt $9,020
-
3 · Investment income
total $114,351 · excluded $114,351
-
7a · Gross sales of assets other than inventory
securities $920,000
-
7b · Less cost or other basis and sales expenses
securities $988,309
-
7c · Gain or loss
securities -$68,309
-
7d · Net gain or loss
total -$68,309 · excluded -$68,309
-
11a · Other revenue: MISCELLANEOUS
total $31,869 · excluded $31,869
-
11e · Other revenue, total
$31,869
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $883,251 · program services $883,251
-
2 · Grants to domestic individuals
total $22,772 · program services $22,772
-
3 · Grants to foreign organizations and individuals
total $10,000 · program services $10,000
-
5 · Compensation of officers, directors and key employees
total $347,193 · program services $256,923 · management and general $90,270
-
7 · Other salaries and wages
total $2,731,756 · program services $2,368,940 · management and general $362,816
-
8 · Pension plan contributions
total $183,929 · program services $159,946 · management and general $23,983
-
9 · Other employee benefits
total $250,036 · program services $213,765 · management and general $36,271
-
10 · Payroll taxes
total $217,421 · program services $185,649 · management and general $31,772
-
11b · Fees: legal
total $47,371 · management and general $47,371
-
11c · Fees: accounting
total $70,193 · program services $26,670 · management and general $43,523
-
11f · Fees: investment management
total $89,102 · management and general $89,102
-
11g · Fees: other
total $562,319 · program services $545,572 · management and general $16,747
-
13 · Office expenses
total $56,940 · program services $21,684 · management and general $35,256
-
14 · Information technology
total $391,690 · program services $300,539 · management and general $91,151
-
16 · Occupancy
total $322,715 · program services $122,616 · management and general $200,099
-
17 · Travel
total $389,904 · program services $318,306 · management and general $71,598
-
19 · Conferences, conventions and meetings
total $886,480 · program services $872,670 · management and general $13,810
-
22 · Depreciation, depletion and amortization
total $30,918 · program services $12,093 · management and general $18,825
-
23 · Insurance
total $24,066 · program services $9,144 · management and general $14,922
-
24a · Other expenses: PUBLISHING
total $150,056 · program services $150,056
-
24b · Other expenses: EQUIPMENT
total $125,112 · program services $47,537 · management and general $77,575
-
24c · Other expenses: TEMPORARY SERVICES
total $55,035 · program services $25,490 · management and general $29,545
-
24d · Other expenses: C.C. PROCESSING FEES
total $32,467 · program services $12,335 · management and general $20,132
-
24e · All other expenses
total $71,982 · program services $64,076 · management and general $7,906
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,703,720 · end of year $560,567
-
2 · Savings and temporary cash investments
beginning of year $378,546 · end of year $388,521
-
3 · Pledges and grants receivable
end of year $176,000
-
4 · Accounts receivable
beginning of year $600,860 · end of year $454,081
-
9 · Prepaid expenses and deferred charges
beginning of year $252,922 · end of year $294,123
-
10a · Land, buildings and equipment: cost or other basis
$229,430
-
10b · Land, buildings and equipment: accumulated depreciation
$154,460
-
10c · Land, buildings and equipment, net
beginning of year $334,474 · end of year $74,970
-
11 · Investments: publicly traded securities
beginning of year $9,572,475 · end of year $11,802,006
-
14 · Intangible assets
beginning of year $5,034 · end of year $4,671
-
15 · Other assets
beginning of year $279,394 · end of year $2,482,500
-
17 · Accounts payable and accrued expenses
beginning of year $527,513 · end of year $410,676
-
19 · Deferred revenue
beginning of year $774,108 · end of year $1,089,131
-
25 · Other liabilities
beginning of year $1,425,375 · end of year $3,698,657
-
27 · Net assets without donor restrictions
beginning of year $9,477,964 · end of year $10,540,791
-
28 · Net assets with donor restrictions
beginning of year $922,465 · end of year $498,184
Mission and programs · 2022
Mission
AAVMC INSPIRES INNOVATION AND PROMOTES EXCELLENCE IN ACADEMIC VETERINARY MEDICINE WORLDWIDE.
Activities or mission (Part I)
SEE PART III, LINE 1.
-
EDUCATION AND RESEARCH: UNDER EDUCATION AND RESEARCH, THE RESPONSIBILITY OF PREPARING NEW GENERATIONS OF VETERINARIANS TO CARE FOR PEOPLE AND ANIMALS IN A RAPIDLY CHANGING WORLD DEMANDS EDUCATIONAL EXCELLENCE. THE AAVMC'S MEMBER INSTITUTIONS DEVELOP CURRICULA THAT RESPOND TO CHANGING ENVIRONMENTS AND PREPARE STUDENTS FOR PROFESSIONAL SUCCESS IN A RAPIDLY EVOLVING MEDICAL DISCIPLINE. THE AAVMC DEVELOPS LEADERS IN ACADEMIES VETERINARY MEDICINE AND THROUGHOUT THE PROFESSION.
Expenses $2,535,799 · Grants $725,259
-
MEETINGS AND AWARDS: AS A REFLECTION OF ITS COMMITMENT TO EDUCATION, THE AAVMC HOSTS MEETINGS, SYMPOSIUMS AND CONFERENCES FOR CONSTITUENTS AND STAKEHOLDERS. THESE EDUCATIONAL MEETINGS AND CONFERENCES PROMOTE BEST PRACTICES IN VETERINARY MEDICAL EDUCATION, DISSEMINATE INFORMATION ABOUT VETERINARY MEDICAL EDUCATION, INFORM STUDENTS ABOUT VETERINARY CAREERS, FACILITATE COMMUNICATION WITH LEGISLATORS AND OTHER HIGH-LEVEL DECISION MAKERS, PROMOTE DIVERSITY, ADVANCE RESEARCH, FOSTER TEACHING AND LEADERSHIP SKILLS, AND CHAMPION THE IMPORTANCE OF VETERINARY MEDICAL EDUCATION.
Expenses $1,219,651 · Grants $105,695 · Revenue $332,560
-
ADMISSION AND RECRUITMENT: THE ADMISSIONS AND RECRUITMENT COMMITTEE (ARC) IS A COMMITTEE OF THE ASSEMBLY OF THE ASSOCIATION OF AMERICAN VETERINARY MEDICAL COLLEGES (AAVMC) AND IS MADE UP OF THREE WORKING GROUPS: ARC STRATEGIC GROUP; OPERATIONS WORKING GROUP; AND OUTREACH & RECRUITMENT WORKING GROUP. THE ARC STRATEGIC GROUP SERVES AS THE MAIN ARC COMMITTEE WITH OVERSIGHT OF THE OTHER GROUPS.ARC STRATEGIC GROUP IS CHARGED WITH REVIEWING AND IMPLEMENTING EVIDENCE-BASED STUDENT SELECTION PRACTICES, EMBEDDED WITHIN THE FRAMEWORK OF APPROPRIATE PEDAGOGICAL PRINCIPLES, ANALYZING STUDENT SELECTION OUTCOMES, AND PLANNING STUDENT SELECTION PROGRAMMING FOR THE AAVMC ANNUAL MEETING. COORDINATING WITH AAVMC STAFF LIAISON FOR RECOMMENDATIONS FOR INITIATIVE BUDGET, POLICY & PROCEDURES CHANGES.OPERATIONS WORKING GROUP IS CHARGED WITH OVERSEEING ISSUES RELATED TO THE VETERINARY MEDICAL COLLEGE APPLICATION SERVICE (VMCAS) AND ITS VENDOR, OPERATIONAL ADMISSIONS ISSUES, AAVMC ADMISSIONS WORKSHOP PROGRAMMING AT THE ANNUAL CONFERENCE, COORDINATING WITH THE ARC STRATEGIC GROUP ON RECOMMENDATIONS FOR INITIATIVE BUDGET, POLICY & PROCEDURE CHANGES.OUTREACH & RECRUITMENT WORKING GROUP IS CHARGED WITH OVERSEEING ACTIVITIES RELATED TO PIPELINE OUTREACH & DEVELOPMENT, RESEARCH AND STUDIES RELATED TO K-12 (AND OTHER) VETERINARY SCHOOL RECRUITMENT ACTIVITIES, OVERSIGHT OF PRE-VET / PRE-HEALTH ADVISOR DEVELOPMENT INITIATIVES, COORDINATING WITH THE OPERATIONS WORKING GROUP AND THE ARC STRATEGIC GROUP ON RECOMMENDATIONS FOR INITIATIVE BUDGET, POLICY & PROCEDURE CHANGES.
Expenses $579,905 · Grants $75,314 · Revenue $4,687,549
-
GOVERNMENT RELATIONS
Expenses $290,307 · Grants $9,755
-
DATA ANALYSIS
Expenses $595,978
-
COMMUNICATIONS
Expenses $733,604 · Revenue $46,492
-
OUTREACH AND DEVELOPMENT
Expenses $245,509 · Revenue $1,534,673
-
GOVERNANCE AND LEADERSHIP
Expenses $429,281
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Susan TornquistSUSAN TORNQUIST
PRESIDENT AND BOARD CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Ruby PerryRUBY PERRY
PRESIDENT ELECT
- Total calculated
- $0
- Hours/week
- 1
-
Mark MarkelMARK MARKEL
IMMEDIATE PAST PRESIDENT
- Total calculated
- $0
- Hours/week
- 0.5
-
Francisco Suarez-GuemesFRANCISCO SUAREZ-GUEMES
SECRETARY
- Total calculated
- $0
- Hours/week
- 0.5
-
Mark D StetterMARK D STETTER
TREASURER
- Total calculated
- $0
- Hours/week
- 0.5
-
Rustin MooreRUSTIN MOORE
AT-LARGE DIRECTOR, REGION
- Total calculated
- $0
- Hours/week
- 0.5
-
Carolyn HenryCAROLYN HENRY
AT-LARGE DIRECTOR, REGION
- Total calculated
- $0
- Hours/week
- 0.5
-
Dana ZimmelDANA ZIMMEL
AT-LARGE DIRECTOR, REGION
- Total calculated
- $0
- Hours/week
- 0.5
-
Jeffrey WichtelJEFFREY WICHTEL
AT-LARGE DIRECTOR, REGION
- Total calculated
- $0
- Hours/week
- 0.5
-
Stuart ReidSTUART REID
AT-LARGE DIRECTOR, REGION
- Total calculated
- $0
- Hours/week
- 0.5
-
Jonathan HuxleyJONATHAN HUXLEY
AT-LARGE DIRECTOR, REGION
- Total calculated
- $0
- Hours/week
- 0.5
-
Andrew T MaccabeANDREW T MACCABE
CHIEF EXECUTIVE OFFICER
- Total calculated
- $372,203
- From this org
- $342,702
- From related orgs
- $0
- Other
- $29,501
- Hours/week
- 37.5
Schedule J breakdown matched by us
- Base
- $342,702
- Bonus
- $0
- Other
- $0
- Deferred
- $27,162
- Nontaxable benefits
- $2,339
- Filer's total
- $372,203
-
Dorothy GrayDOROTHY GRAY
CHIEF OPERATING OFFICER
- Total calculated
- $239,443
- From this org
- $206,483
- From related orgs
- $0
- Other
- $32,960
- Hours/week
- 37.5
Schedule J breakdown matched by us
- Base
- $204,483
- Bonus
- $2,000
- Other
- $0
- Deferred
- $16,551
- Nontaxable benefits
- $16,409
- Filer's total
- $239,443
-
Ted MashimaTED MASHIMA
SENIOR DIRECTOR
- Total calculated
- $220,403
- From this org
- $190,495
- From related orgs
- $0
- Other
- $29,908
- Hours/week
- 37.5
Schedule J breakdown matched by us
- Base
- $188,495
- Bonus
- $2,000
- Other
- $0
- Deferred
- $15,866
- Nontaxable benefits
- $14,042
- Filer's total
- $220,403
-
Lisa GreenhillLISA GREENHILL
SENIOR DIRECTOR
- Total calculated
- $215,443
- From this org
- $191,207
- From related orgs
- $0
- Other
- $24,236
- Hours/week
- 37.5
Schedule J breakdown matched by us
- Base
- $189,207
- Bonus
- $2,000
- Other
- $0
- Deferred
- $13,337
- Nontaxable benefits
- $10,899
- Filer's total
- $215,443
-
R Kevin CainR KEVIN CAIN
DIRECTOR
- Total calculated
- $196,499
- From this org
- $168,249
- From related orgs
- $0
- Other
- $28,250
- Hours/week
- 37.5
Schedule J breakdown matched by us
- Base
- $168,249
- Bonus
- $0
- Other
- $0
- Deferred
- $14,743
- Nontaxable benefits
- $13,507
- Filer's total
- $196,499
-
Caroline CantnerCAROLINE CANTNER
DIRECTOR
- Total calculated
- $168,154
- From this org
- $153,841
- From related orgs
- $0
- Other
- $14,313
- Hours/week
- 37.5
Schedule J breakdown matched by us
- Base
- $153,841
- Bonus
- $0
- Other
- $0
- Deferred
- $12,535
- Nontaxable benefits
- $1,778
- Filer's total
- $168,154
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
- 3 · Compensation committee
- 3 · Form 990 of other organizations
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
- 7 · Other non-fixed payments
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
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- PART I, LINE 7
- DURING THE YEAR, THE FOLLOWING INDIVIDUALS RECEIVED BONUS COMPENSATION: DOROTHY GRAY $2000 TED MASHIMA $2000 LISA GREENHILL $2000
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
-
VA-MD REGIONAL COLLEGE VET MED
$20,000
RESEARCH GRANT
-
$20,000
RESEARCH GRANT
-
TEXAS A&M UNIVERSITY
$20,000
RESEARCH GRANT
-
UNIVERSITY OF WISCONSIN SYSTEM UW-MADISON GAR
$15,000
RESEARCH GRANT
-
$15,000
RESEARCH GRANT
-
LOUISIANA STATE UNIVERSITY
$15,000
RESEARCH GRANT
-
ZOETIS MERCK ANIMAL & HEALTH SCHOLARSHIP
$11,000
RESEARCH GRANT
-
TEXAS TECH UNIVERSITY
$10,000
RESEARCH GRANT
-
OKLAHOMA STATE UNIVERSITY
$10,000
RESEARCH GRANT
-
$10,000
RESEARCH GRANT
The 10 largest by cash amount. The API serves every itemized grant.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 10 May 2024
- IRS schema version
- 2022v5.0
- Source object
- 202401319349301100
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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