Michigan Veterinary Medical Assn
- Assets
- $1.4m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 7
- Location
- Okemos, MI
- Founding
- 06/1945
- Data as of
- 12/2023
- EIN
- 38-1485391
Organization Overview
Michigan Veterinary Medical Assn is located in Okemos, MI. The organization was established in 1945. According to its NTEE Classification (D40) the organization is classified as: Veterinary Services, under the broad grouping of Animal-Related and related organizations. As of 12/2023, Michigan Veterinary Medical Assn employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Michigan Veterinary Medical Assn 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 12/2023, Michigan Veterinary Medical Assn generated $1.3m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $1.4m during the year ending 12/2023. While expenses have increased by 2.4% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE SCIENCE AND ART OF VETERINARY MEDICINE AND ITS RELATED BRANCHES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MICHIGAN VETERINARY CONFERENCE/ANNUAL MEETING SERVED 733 PEOPLE. INCLUDES CONTINUING EDUCATION, OPPORTUNITIES, AND A FORUM FOR PROFESSIONAL DEVELOPMENT.
VIRTUAL SUMMER CONFERENCE SERVED 191 PEOPLE. ELEVATES STANDARDS OF VETERINARY MEDICINE BY OFFERING CONTINUING EDUCATION.
MVMA SEMINAR SERIES FOR VETERINARY EDUCATION SERVED APPROXIMATELY 766 MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Tramontana Cae Executive Director | Officer | 40 | $161,398 |
Sharon Fandel COO | Officer | 40 | $100,948 |
Megan Mcquade DVM Director | Trustee | 1 | $0 |
Chelsea Render DVM Director | Trustee | 1 | $0 |
Laurie Lockman DVM Director | Trustee | 1 | $0 |
Tim Duncan DVM 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 | $1,202,708 |
| Investment income | $35,901 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $47,595 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$29,244 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,341,925 |
| 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. | $213,950 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $302,824 |
| Pension plan accruals and contributions | $45,507 |
| Other employee benefits | $57,036 |
| Payroll taxes | $37,072 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,921 |
| Fees for services: Accounting | $23,833 |
| Fees for services: Lobbying | $34,320 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $54,913 |
| Fees for services: Other | $18,509 |
| Advertising and promotion | $18 |
| Office expenses | $18,941 |
| Information technology | $42,282 |
| Royalties | $0 |
| Occupancy | $26,069 |
| Travel | $23,011 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $374,253 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $20,007 |
| Insurance | $3,420 |
| All other expenses | $11,089 |
| Total functional expenses | $1,401,436 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $306,571 |
| Savings and temporary cash investments | $9,223 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $17,386 |
| Net Land, buildings, and equipment | $182,287 |
| Investments—publicly traded securities | $926,351 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,952 |
| Total assets | $1,444,770 |
| Accounts payable and accrued expenses | $1,037 |
| Grants payable | $0 |
| Deferred revenue | $26,879 |
| 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 | $27,916 |
| Net assets without donor restrictions | $1,416,854 |
| 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 | $1,444,770 |