Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $2,262,288

• 1f · All other contributions, gifts and grants

  $12,874,792

• 1g · Noncash contributions included above

  $1,785,561

• 2a · Program service revenue: PATIENT SERVICES

  total $78,800,944 · related or exempt $78,800,944

• 2b · Program service revenue: LABORATORY FEES

  total $70,148 · related or exempt $70,148

• 2c · Program service revenue: RESEARCH STUDIES

  total $2,648 · related or exempt $2,648

• 2d · Program service revenue: EDUCATION

  total $1,885 · related or exempt $1,885

• 3 · Investment income

  total $1,690,163 · excluded $1,690,163

• 6a · Gross rents

  real property $1,721,413

• 6b · Less rental expenses

  real property $2,874,277

• 6c · Rental income or loss

  real property -$1,152,864

• 6d · Net rental income or loss

  total -$1,152,864 · unrelated business -$1,048,274 · excluded -$104,590

• 7a · Gross sales of assets other than inventory

  securities $73,044,515

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

  securities $70,426,848

• 7c · Gain or loss

  securities $2,617,667

• 7d · Net gain or loss

  total $2,617,667 · excluded $2,617,667

• 8a · Fundraising events: gross income

  $59,920

• 8a · Fundraising events: contributions included on line 1c

  $2,262,288

• 8b · Fundraising events: direct expenses

  $706,136

• 8c · Net income from fundraising events

  total -$646,216 · excluded -$646,216

• 11a · Other revenue: PET SUPP. REBATES/REFUNDS

  total $214,291 · related or exempt $214,291

• 11e · Other revenue, total

  $214,291

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $824,668 · program services $824,668

• 2 · Grants to domestic individuals

  total $3,429,956 · program services $3,429,956

• 5 · Compensation of officers, directors and key employees

  total $2,141,921 · management and general $2,141,921

• 7 · Other salaries and wages

  total $48,682,557 · program services $42,256,444 · management and general $5,076,692 · fundraising $1,349,421

• 8 · Pension plan contributions

  total $290,035 · program services $246,221 · management and general $36,113 · fundraising $7,701

• 9 · Other employee benefits

  total $6,459,319 · program services $5,507,691 · management and general $803,144 · fundraising $148,484

• 10 · Payroll taxes

  total $3,442,239 · program services $2,923,686 · management and general $428,535 · fundraising $90,018

• 11b · Fees: legal

  total $246,985 · management and general $183,653 · fundraising $63,332

• 11c · Fees: accounting

  total $126,539 · management and general $126,539

• 11e · Fees: professional fundraising services

  total $502,500 · fundraising $502,500

• 11f · Fees: investment management

  total $304,793 · management and general $304,793

• 11g · Fees: other

  total $5,778,324 · program services $3,205,327 · management and general $2,505,655 · fundraising $67,342

• 12 · Advertising and promotion

  total $186,487 · management and general $186,487

• 13 · Office expenses

  total $13,181,854 · program services $10,990,453 · management and general $1,937,839 · fundraising $253,562

• 14 · Information technology

  total $749,122 · management and general $748,107 · fundraising $1,015

• 16 · Occupancy

  total $1,387,230 · program services $780,316 · management and general $563,563 · fundraising $43,351

• 17 · Travel

  total $31,711 · management and general $31,711

• 19 · Conferences, conventions and meetings

  total $55,431 · program services $6,819 · management and general $48,347 · fundraising $265

• 22 · Depreciation, depletion and amortization

  total $4,659,758 · program services $2,400,882 · management and general $2,253,306 · fundraising $5,570

• 23 · Insurance

  total $711,808 · program services $355,904 · management and general $355,904

• 24a · Other expenses: OTHER EXPENSES

  total $1,512,387 · program services $610,554 · management and general $783,553 · fundraising $118,280

• 24b · Other expenses: EQUIPMENT

  total $593,984 · program services $382,616 · management and general $210,625 · fundraising $743

• 24c · Other expenses: BAD DEBT EXPENSE

  total $469,222 · program services $469,222

• 24d · Other expenses: EDUCATION

  total $348,838 · program services $69,902 · management and general $222,057 · fundraising $56,879

• 24e · All other expenses

  total $249,193 · program services $95,688 · management and general $133,951 · fundraising $19,554

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $3,417,311 · end of year $827,342

• 2 · Savings and temporary cash investments

  beginning of year $16,428,068 · end of year $921,566

• 3 · Pledges and grants receivable

  beginning of year $11,198,250 · end of year $7,880,397

• 4 · Accounts receivable

  beginning of year $1,530,359 · end of year $3,026,805

• 8 · Inventories for sale or use

  beginning of year $456,104 · end of year $424,969

• 9 · Prepaid expenses and deferred charges

  beginning of year $912,177 · end of year $1,266,777

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

  $221,929,448

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

  $63,334,325

• 10c · Land, buildings and equipment, net

  beginning of year $132,318,565 · end of year $158,595,123

• 11 · Investments: publicly traded securities

  beginning of year $47,980,567 · end of year $44,155,390

• 12 · Investments: other securities

  beginning of year $1,256,332 · end of year $1,079,025

• 15 · Other assets

  beginning of year $5,068,093 · end of year $7,547,229

• 17 · Accounts payable and accrued expenses

  beginning of year $17,885,868 · end of year $17,188,984

• 19 · Deferred revenue

  beginning of year $87,518 · end of year $196,596

• 23 · Secured mortgages and notes payable

  beginning of year $8,679,496 · end of year $8,427,095

• 25 · Other liabilities

  beginning of year $1,835,533 · end of year $4,283,243

• 27 · Net assets without donor restrictions

  beginning of year $139,142,022 · end of year $138,547,352

• 28 · Net assets with donor restrictions

  beginning of year $52,935,389 · end of year $57,081,353

The filer's explanations (Part III)

PART I, LINE 1A

THE ANIMAL MEDICAL CENTER PROVIDES DISCOUNTED PET CARE TO ITS EMPLOYEES AS A BENEFIT OF THEIR EMPLOYMENT. THE VALUE OF THE DISCOUNTED PET CARE IS INCLUDED IN THE EMPLOYEES TAXABLE COMPENSATION AND EMPLOYEES RECEIVE A TAX GROSS-UP PAYMENT ON THAT AMOUNT.

SCHEDULE J, PART II:

IN 2024, FORMER PRESIDENT & CEO KATHRYN COYNE RECEIVED A SEPARATION PAYMENT IN THE AMOUNT OF $250,000. THE AMOUNT IS TAXABLE AND IS INCLUDED IN COLUMN B(III), AS WELL AS COLUMN (F) AS IT WAS REPORTED AS DEFERRED ON A PRIOR FORM 990.