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Nonprofiteer
← MINNESOTA VETERINARY MEDICAL ASSOCIATION

Form 990 for tax year 2023

Filed by MINNESOTA VETERINARY MEDICAL ASSOCIATION.

Totals

Total revenue
$1,451,906
Total expenses
$1,467,232
Contributions and grants received
$0
Grants paid
$70,027
Program service revenue
$1,250,197
Investment income
$115,595
Other revenue
$86,114
Total assets, end of year
$4,984,289
Total liabilities, end of year
$457,277
Net assets or fund balances, end of year
$4,527,012
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

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: MEMBERSHIP MEETINGS &

    total $456,561 · related or exempt $456,561

  • 2b · Program service revenue: MEMBERSHIP DUES

    total $420,123 · related or exempt $420,123

  • 2c · Program service revenue: VET TECH SERVICES

    total $146,689 · related or exempt $146,689

  • 2d · Program service revenue: ADVERTISING REVENUE

    total $87,398 · unrelated business $87,398

  • 2e · Program service revenue: CLINICS AND SEMINARS

    total $65,375 · related or exempt $65,375

  • 2f · All other program service revenue

    total $74,051 · related or exempt $74,051

  • 3 · Investment income

    total $106,842 · excluded $106,842

  • 6a · Gross rents

    real property $35,100

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $35,100

  • 6d · Net rental income or loss

    total $35,100 · excluded $35,100

  • 7a · Gross sales of assets other than inventory

    securities $263,383

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

    securities $254,630

  • 7c · Gain or loss

    securities $8,753

  • 7d · Net gain or loss

    total $8,753 · excluded $8,753

  • 11a · Other revenue: OTHER INCOME

    total $51,014 · related or exempt $51,014

  • 11e · Other revenue, total

    $51,014

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $53,027

  • 2 · Grants to domestic individuals

    total $17,000

  • 5 · Compensation of officers, directors and key employees

    total $139,497

  • 7 · Other salaries and wages

    total $287,062

  • 8 · Pension plan contributions

    total $5,605

  • 9 · Other employee benefits

    total $28,942

  • 10 · Payroll taxes

    total $36,790

  • 11b · Fees: legal

    total $3,213

  • 11c · Fees: accounting

    total $10,620

  • 11d · Fees: lobbying

    total $65,162

  • 11f · Fees: investment management

    total $35,522

  • 11g · Fees: other

    total $65,136

  • 13 · Office expenses

    total $73,356

  • 16 · Occupancy

    total $41,678

  • 19 · Conferences, conventions and meetings

    total $375,016

  • 22 · Depreciation, depletion and amortization

    total $25,669

  • 23 · Insurance

    total $7,508

  • 24a · Other expenses: INCOME TAXES

    total $3,512

  • 24b · Other expenses: PUBLIC RELATIONS

    total $74,738

  • 24c · Other expenses: EXPENSE ACCOUNTS

    total $38,161

  • 24d · Other expenses: BANK AND CREDIT CARD CH

    total $30,083

  • 24e · All other expenses

    total $49,935

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $319,799 · end of year $366,875

  • 2 · Savings and temporary cash investments

    beginning of year $100,684 · end of year $46,408

  • 9 · Prepaid expenses and deferred charges

    beginning of year $23,530 · end of year $33,346

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

    $785,564

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

    $381,720

  • 10c · Land, buildings and equipment, net

    beginning of year $429,513 · end of year $403,844

  • 11 · Investments: publicly traded securities

    beginning of year $3,664,113 · end of year $4,133,816

  • 17 · Accounts payable and accrued expenses

    beginning of year $21,633 · end of year $59,960

  • 19 · Deferred revenue

    beginning of year $308,603 · end of year $397,317

  • 27 · Net assets without donor restrictions

    beginning of year $4,207,403 · end of year $4,527,012

Mission and programs · 2023

Mission

SUPPORTING AND EMPOWERING VETERINARY PROFESSIONALS, ADVANCING ANIMAL WELL-BEING AND PROMOTING PUBLIC HEALTH.

  • CONTINUING EDUCATION - PUBLIC RELATIONS, EDUCATIONAL BROCHURES, STATE FAIR EDUCATIONAL EXHIBITS, ONLINE DIRECTORY, MN DISASTER AND EMERGENCY PREPAREDNESS, EDUCATIONAL SEMINARS AND WEBINARS. THE ASSOCIATION PRODUCES A BI-MONTHLY PUBLICATION FOR ITS MEMBERS. THE ASSOCIATION HOSTS AN ANNUAL CONVENTION, MEETINGS AND ENGAGEMENT FOR PROFESSIONALS IN THE VETERINARY INDUSTRY.

  • MEMBER SERVICES - CONVENTIONS, NETWORKING AND ENGAGEMENT OPPORTUNITIES, CONFERENCES, SPECIAL COMMITTEES AND TASK FORCES, AND PROGRAMS IN SUPPORT OF WELL-BEING AND INCREASING DIVERSITY, EQUITY AND INCLUSION IN THE PROFESSION.

  • GOVERNMENT AFFAIRS - THE MVMA HAS AN ADVOCACY PROGRAM THAT ACTIVELY MONITORS STATE AND FEDERAL LEGISLATION AFFECTING OUR PROFESSION. THE MVMA EMPLOYS SKILLED LOBBYISTS IN THE STATE TO SUPPORT NEEDED LEGISLATION OR FEND AGAINST HARMFUL LEGISLATION THAT MAY AFFECT THE VETERINARY PROFESSION.

As filed on the 2023 return.

Listed in Part VII

  • James Bennett DVM

    PRESIDENT THRU 2023, PAST-PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Ann Brownlee DVM

    PRESIDENT-ELECT THRU 2023, PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Jessica Fox DVM

    VICE PRESIDENT BEGINNING 2024

    Total calculated
    $0
    Hours/week
    0.5

  • Rob Memmen DVM

    VICE PRESIDENT THRU 2023,PRESIDENT-ELECT

    Total calculated
    $0
    Hours/week
    0.5

  • Nancy Peterson DVM

    PAST-PRESIDENT THRU 2023

    Total calculated
    $0
    Hours/week
    0.5

  • Heather Douglas DVM

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    0.5

  • Chris Anderson DVM

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Ned Patterson DVM

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Holly Rudolf DVM

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Lukas Wallerich DVM

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Travis Anderson DVM

    DIRECTOR BEGINNING 2024

    Total calculated
    $0
    Hours/week
    0.5

  • Kelly Andrews

    EXECUTIVE DIRECTOR

    Total calculated
    $130,996
    From this org
    $127,181
    From related orgs
    $0
    Other
    $3,815
    Hours/week
    40 + 5 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.

Grants on this return

  • MINNESOTA VETERINARY MEDICAL FOUNDATION

    $40,000

    SCHOLARSHIPS

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.

Provenance

Return type
form_990
Tax year
2023
Filed
13 December 2024
IRS schema version
2023v5.1
Source object
202443519349301409

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