Illinois State Veterinary Medical Association
- Assets
- $1.3m
- Revenue
- $730.8k
- Investments
- $0.0
- Employees
- 6
- Location
- Springfield, IL
- Founding
- 00/0000
- Data as of
- 06/2022
- EIN
- 36-2064654
Organization Overview
Illinois State Veterinary Medical Association is located in Springfield, IL. The organization was established in 0000. According to its NTEE Classification (D03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Animal-Related and related organizations. As of 06/2022, Illinois State Veterinary Medical Association employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Illinois State Veterinary Medical Association 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 06/2022, Illinois State Veterinary Medical Association generated $730.8k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.4%) each year. All expenses for the organization totaled $707.8k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (1.1%) per year over the past 7 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE VETERINARY PROFESSION, ANIMALS, THE PUBLIC HEALTH AND THE ENVIRONMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TRAINING AND INFORMATION TO MEMBERSHIP, INFORMING PUBLIC ABOUT SERVICES AVAILABLE FROM MEMBERS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deborah Lakamp Executive Director | Officer | 40 | $130,432 |
Dr Devon Hague President | OfficerTrustee | 1 | $0 |
Dr Nicole Johnson Vice-President | OfficerTrustee | 1 | $0 |
Dr Lynda Gould Treasurer | OfficerTrustee | 1 | $0 |
Dr Joanne Carlson President-Elect | OfficerTrustee | 1 | $0 |
Dr Edmar Schreiber Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $0 |
| Total Program Service Revenue | $691,959 |
| Investment income | $1,758 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $37,011 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $730,828 |
| 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. | $130,432 |
| Compensation of current officers, directors, key employees. | $26,087 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $153,340 |
| Pension plan accruals and contributions | $20,626 |
| Other employee benefits | $12,642 |
| Payroll taxes | $21,515 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,600 |
| Fees for services: Accounting | $8,967 |
| Fees for services: Lobbying | $41,151 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $79,855 |
| Information technology | $1,081 |
| Royalties | $0 |
| Occupancy | $30,540 |
| Travel | $3,645 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $177,178 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $14,235 |
| Insurance | $11,004 |
| All other expenses | $0 |
| Total functional expenses | $707,811 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $773,558 |
| Savings and temporary cash investments | $157,525 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $9,578 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $46,084 |
| Net Land, buildings, and equipment | $310,034 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,296,779 |
| Accounts payable and accrued expenses | $38,567 |
| Grants payable | $0 |
| Deferred revenue | $349,633 |
| 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 | $0 |
| Total liabilities | $388,200 |
| Net assets without donor restrictions | $908,579 |
| 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 | $1,296,779 |
Grants Awarded
Over the last fiscal year, Illinois State Veterinary Medical Association has awarded $11,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
KIDZEUM OF HEALTH AND SCIENCE PURPOSE: TO HELP FUND THE BUILDING OF THE VETERINARY DISPLAY AT THE SPRINGFIELD KIDZEUM. | $10,000 |
Springfield, IL PURPOSE: TO HELP FUND THE ORGANIZATION'S ANNUAL MEETING. | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fass Inc Champaign, IL | $2,738,049 | $2,334,774 |
American Saddlebred Horse Association Inc Lexington, KY | $2,691,444 | $1,823,861 |
Bearing Specialists Association Glen Ellyn, IL | $444,792 | $1,248,054 |
Wisconsin State Horse Council Incorporated Columbus, WI | $2,198,959 | $1,909,508 |
American College Of Veterinary Pathologists Chicago, IL | $6,357,168 | $4,214,506 |
Animal Behavior Society Inc Glenview, IL | $2,680,141 | $618,698 |
Illinois State Veterinary Medical Association Springfield, IL | $1,296,779 | $730,828 |
North American Equine Ranching Information Council Inc Louisville, KY | $1,506,129 | $900,964 |
Wisconsin Veterinary Medical Association Madison, WI | $1,657,355 | $809,167 |
American Black Hereford Assoc Inc Jefferson City, MO | $258,791 | $632,944 |
International Slurry Seal Association Glen Ellyn, IL | $1,542,530 | $445,429 |
Bernese Mountain Dog Club Of America Anderson, IN | $412,958 | $376,060 |