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Nonprofiteer
← MINNESOTA VETERINARY MEDICAL FOUNDATION

Form 990 for tax year 2024

Filed by MINNESOTA VETERINARY MEDICAL FOUNDATION.

Totals

Total revenue
$371,392
Total expenses
$386,097
Contributions and grants received
$217,391
Grants paid
$263,250
Program service revenue
$0
Investment income
$68,538
Other revenue
$85,463
Total assets, end of year
$1,996,095
Total liabilities, end of year
$15,874
Net assets or fund balances, end of year
$1,980,221
Program services expenses (Part IX)
$281,696
Management and general expenses
$47,127
Fundraising expenses
$57,274
Program service expenses (Part III)
$281,696

Program services were 73.0% 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.

  • 1f · All other contributions, gifts and grants

    $217,391

  • 3 · Investment income

    total $52,992 · excluded $52,992

  • 7a · Gross sales of assets other than inventory

    securities $318,871

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

    securities $303,325

  • 7c · Gain or loss

    securities $15,546

  • 7d · Net gain or loss

    total $15,546 · excluded $15,546

  • 8a · Fundraising events: gross income

    $218,575

  • 8b · Fundraising events: direct expenses

    $133,112

  • 8c · Net income from fundraising events

    total $85,463 · excluded $85,463

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $98,500 · program services $98,500

  • 2 · Grants to domestic individuals

    total $164,750 · program services $164,750

  • 11b · Fees: legal

    total $825 · management and general $825

  • 11c · Fees: accounting

    total $11,364 · management and general $11,364

  • 11f · Fees: investment management

    total $16,032 · management and general $16,032

  • 11g · Fees: other

    total $59,118 · program services $14,780 · fundraising $44,338

  • 13 · Office expenses

    total $23,079 · program services $1,860 · management and general $16,381 · fundraising $4,838

  • 19 · Conferences, conventions and meetings

    total $4,688 · fundraising $4,688

  • 24a · Other expenses: ADMINISTRATIVE SUPPORT

    total $7,410 · program services $1,500 · management and general $2,500 · fundraising $3,410

  • 24b · Other expenses: SCHOLARSHIP ADMINISTRAT

    total $306 · program services $306

  • 24c · Other expenses: STATE FILING FEES

    total $25 · management and general $25

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $176,913 · end of year $168,149

  • 9 · Prepaid expenses and deferred charges

    beginning of year $150 · end of year $5,795

  • 11 · Investments: publicly traded securities

    beginning of year $1,728,632 · end of year $1,822,151

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,499 · end of year $9,084

  • 19 · Deferred revenue

    beginning of year $17,170 · end of year $6,790

  • 27 · Net assets without donor restrictions

    beginning of year $1,599,234 · end of year $1,661,373

  • 28 · Net assets with donor restrictions

    beginning of year $285,792 · end of year $318,848

Mission and programs · 2024

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 $281,696 · Grants $263,250

As filed on the 2024 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

  • Heidi Mittelsteadt DVM

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Erin Burton DVM

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5

  • Linda Spengler

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    1

  • James Bennett DVM

    DIRECTOR, PAST PRESIDENT MVMA

    Total calculated
    $0
    Hours/week
    0.5

  • Matt Kruse DVM

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Jennifer Scott-Dodd DVM

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • William Butler

    DIRECTOR BEGINNING 2024

    Total calculated
    $0
    Hours/week
    0.5

  • Amber Olson DVM

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Jason Nordaune DVM

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Chris Anderson DVM

    DIRECTOR BEGINNING 2024

    Total calculated
    $0
    Hours/week
    0.5

  • Karl Omdahl

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Amy O'Brien DVM

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Tom Wetzell DVM

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Kelly Andrews

    EXECUTIVE DIRECTOR

    Total calculated
    $156,637
    From this org
    $0
    From related orgs
    $140,587
    Other
    $16,050
    Hours/week
    5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $140,587 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $4,218 related
    Nontaxable benefits
    $0 + $11,832 related
    Filer's total
    $0 + $156,637 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)

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 EXECUTIVE 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

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
2024
Filed
17 December 2025
IRS schema version
2024v5.2
Source object
202503529349300005

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