Maine Veterinary Medical Association Inc
- Assets
- $492.5k
- Revenue
- $210.5k
- Investments
- $0.0
- Employees
- 1
- Location
- Portland, ME
- Founding
- 12/1995
- Data as of
- 12/2021
- EIN
- 01-0482076
Organization Overview
Maine Veterinary Medical Association Inc is located in Portland, ME. The organization was established in 1995. According to its NTEE Classification (D03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Animal-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Maine Veterinary Medical Association Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, Maine Veterinary Medical Association Inc generated $210.5k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.7% each year . All expenses for the organization totaled $172.1k during the year ending 12/2021. While expenses have increased by 6.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORT MAINE VETERINARIANS AS THEY WORK TO IMPROVE THE WELL-BEING OF ANIMALS, TO ENCOURAGE THE HUMAN-ANIMAL BOND, AND TO PROTECT PUBLIC HEALTH FOR THE BENEFIT OF THE VETERINARY PROFESSION AND THE CITIZENS OF MAINE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HELD CONTINUING EDUCATION SEMINARS FOR MEMBERS AND NON-MEMBERS ON TOPICS PERTAINING TO THE PRACTICE OF VETERINARY MEDICINE AND STUDENT LOAN MANAGEMENT.
PUBLISHED NEWSLETTERS CONTAINING INFORMATION OF INTEREST AND IMPORTANCE TO VETERINARIANS; MAILED COPIES OF EACH NEWSLETTER TO THE MEMBERS AND OTHER PERSONS INTERESTED IN THE PRACTICE OF VETERINARY MEDICINE.
ADVOCACY: TESTIFYING ON LEGISLATION RELATED TO ANIMAL WELFARE AND VETERINARY MEDICINE, MAINTAINING RELATIONSHIPS WITH STATE REGULATORY BODIES, MEDIA ANNOUNCEMENTS REGARDING ANIMAL HEALTH, AND PROMOTING VETERINARY EDUCATION AND VETERINARY TECHNICIAN EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Katherine Soverel Executive Director | Officer | 40 | $53,294 |
Dr Janelle Tirrell Past President | OfficerTrustee | 2 | $0 |
Dr Joseph Sipe-Edelman Vice President | OfficerTrustee | 2 | $0 |
Dr Samantha Hodgkins Treasurer | OfficerTrustee | 2 | $0 |
Dr Casey Cole President | OfficerTrustee | 2 | $0 |
Dr David Cloutier Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $89,400 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $13,740 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $103,140 |
| Total Program Service Revenue | $83,605 |
| Investment income | $13,853 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $9,922 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $210,520 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $53,294 |
| Compensation of current officers, directors, key employees. | $18,653 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $10,644 |
| Other employee benefits | $0 |
| Payroll taxes | $4,840 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,345 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,099 |
| Fees for services: Other | $731 |
| Advertising and promotion | $0 |
| Office expenses | $16,666 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $7,606 |
| Travel | $496 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $21,564 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $826 |
| All other expenses | $0 |
| Total functional expenses | $172,074 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $145,308 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $214 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $346,452 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $500 |
| Total assets | $492,474 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,273 |
| Total liabilities | $2,273 |
| Net assets without donor restrictions | $490,201 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $492,474 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American College Of Laboratory Animal Medcine Chester, NH | $3,309,656 | $850,459 |
Pixels Posse Inc Orrington, ME | $114,306 | $266,618 |
New England Veterinary Medical Association Portland, ME | $490,686 | $236,042 |
Maine Veterinary Medical Association Inc Portland, ME | $492,474 | $210,520 |
Massachusetts Horsemens Council Inc Seabrook, NH | $268,371 | $189,800 |
Maine Federation Of Humane Societies Inc West Kennebunk, ME | $203,585 | $0 |
Eastern Maine Agility Club Inc Hampden, ME | $44,263 | $0 |
The Lakes Region Kennel Club Inc Meredith, NH | $27,725 | $0 |