Wisconsin Veterinary Medical Association
- Assets
- $1.5m
- Revenue
- $771.7k
- Investments
- $0.0
- Employees
- 6
- Location
- Madison, WI
- Founding
- 12/1963
- Data as of
- 12/2022
- EIN
- 39-0815822
Organization Overview
Wisconsin Veterinary Medical Association is located in Madison, WI. The organization was established in 1963. 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 12/2022, Wisconsin Veterinary Medical Association employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wisconsin 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 12/2022, Wisconsin Veterinary Medical Association generated $771.7k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.9%) each year. All expenses for the organization totaled $688.0k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (4.6%) per year over the past 8 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 ADVOCATE AND PROMOTE VETERINARY MEDICINE WHILE ENRICHING ANIMAL AND HUMAN HEALTH
Describe the Organization's Program Activity:
Part 3 - Line 4a
PUBLIC POLICY REPRESENTATION ON TOPICS IMPORTANT TO VETERINARY MEDICINE AND SMALL BUSINESS
PUBLIC RELATIONS AND PROMOTION OF THE VETERINARY PROFESSION
ANNUAL CONVENTION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Becky Johnson Director | Trustee | 0 | $0 |
Brian Darkow Director | Trustee | 0 | $0 |
David Brown Director | Trustee | 0 | $0 |
David Jeans Trasurer | OfficerTrustee | 0 | $0 |
Howard Ketover President | OfficerTrustee | 0 | $0 |
Jennifer Rediske Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $412,424 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $142,668 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $555,092 |
| Total Program Service Revenue | $182,192 |
| Investment income | $23,559 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $10,763 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $771,719 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $147,705 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $163,352 |
| Pension plan accruals and contributions | $4,125 |
| Other employee benefits | $4,415 |
| Payroll taxes | $24,414 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,030 |
| Fees for services: Accounting | $19,908 |
| Fees for services: Lobbying | $22,008 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,737 |
| Fees for services: Other | $12,232 |
| Advertising and promotion | $0 |
| Office expenses | $19,140 |
| Information technology | $25,717 |
| Royalties | $0 |
| Occupancy | $57,775 |
| Travel | $395 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $59,165 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,003 |
| Insurance | $1,080 |
| All other expenses | $12,261 |
| Total functional expenses | $687,959 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $784,993 |
| 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 | $0 |
| Net Land, buildings, and equipment | $470 |
| Investments—publicly traded securities | $706,609 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $30,301 |
| Total assets | $1,522,373 |
| Accounts payable and accrued expenses | $11,247 |
| Grants payable | $0 |
| Deferred revenue | $516,738 |
| 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 | $527,985 |
| Net assets without donor restrictions | $973,042 |
| Net assets with donor restrictions | $21,346 |
| 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 | $1,522,373 |