North Carolina Veterinary Medical Association
- Assets
- $2.7m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 3
- Location
- Raleigh, NC
- Founding
- 10/1994
- Data as of
- 12/2021
- EIN
- 56-1849305
Organization Overview
North Carolina Veterinary Medical Association is located in Raleigh, NC. The organization was established in 1994. 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 12/2021, North Carolina Veterinary Medical Association employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. North Carolina 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 12/2021, North Carolina Veterinary Medical Association generated $1.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $838.0k during the year ending 12/2021. 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
THE NORTH CAROLINA VETERINARY MEDICAL ASSOCIATION IS DEDICATED TO COMPASSIONATE, QUALITY HEALTH CARE FOR ALL AMIMALS; PROTECTING THE HEALTH OF THE PUBLIC; STRENGTHING THE HUMAN-ANIMAL BOND AND PROVIDING ADVANCED CONTINUING EDUCATION FOR OUR MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ASSOCIATION PUBLISHES A NEWSLETTER FOR ITS MEMBERS. THEY HOLD TWO MAJOR CONFERENCES AS WELL AS VARIOUS WORKSHOPS AND SEMINARS FOR CONTINUING EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dante Martin President | OfficerTrustee | 5 | $0 |
Marguerite Gleason Vice Preside | OfficerTrustee | 5 | $0 |
Shannon Bass Secretary-Tr | OfficerTrustee | 5 | $0 |
Jennifer Jones Shults DVM Past Preside | OfficerTrustee | 5 | $0 |
Ed Faulkner President El | OfficerTrustee | 5 | $0 |
Bradley Mills DVM Director | Trustee | 2 | $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 | $793,990 |
| Investment income | $34,649 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $39,345 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,456,893 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $233,631 |
| Pension plan accruals and contributions | $7,001 |
| Other employee benefits | $11,382 |
| Payroll taxes | $19,386 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $415 |
| Fees for services: Accounting | $4,359 |
| Fees for services: Lobbying | $26,764 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $144,290 |
| Office expenses | $20,025 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $3,883 |
| Travel | $5,092 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $177,170 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,220 |
| Insurance | $4,718 |
| All other expenses | $31,146 |
| Total functional expenses | $838,043 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $469,240 |
| Savings and temporary cash investments | $462,080 |
| 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 | $137,639 |
| Investments—publicly traded securities | $1,583,348 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $17,136 |
| Total assets | $2,669,443 |
| Accounts payable and accrued expenses | $8,587 |
| Grants payable | $0 |
| Deferred revenue | $347,396 |
| 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 | $355,983 |
| Net assets without donor restrictions | $2,313,460 |
| 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 | $2,669,443 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that North Carolina Veterinary Medical Association has recieved totaling $50,000.
| Awarding Organization | Amount |
|---|---|
Randleigh Foundation Chapel Hill, NC PURPOSE: W.R. KENAN MEMORIAL SCHOLARSHIP ENDOWMENT | $40,000 |
Randleigh Foundation Chapel Hill, NC PURPOSE: KENAN SCHOLARS FINANCIAL SUPPORT | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Paws Of Honor Inc Williamsburg, VA | $1,452,902 | $7,932,106 |
Pet Community Center Inc Nashville, TN | $1,189,232 | $2,328,198 |
Snipwell Spay Neuter & Wellness Clinic Inc Fort Mill, SC | $341,001 | $939,844 |
North Carolina Veterinary Medical Association Raleigh, NC | $2,669,443 | $1,456,893 |
Georgia Veterinary Medical Association Inc Norcross, GA | $2,044,998 | $1,004,458 |
Tennessee Veterinary Medical Association Fayetteville, TN | $1,081,349 | $677,422 |
Archdale Affordable Neuter & Wellness Clinic Inc Archdale, NC | $184,115 | $585,311 |
Catsnip Cares Foundation Snellville, GA | $159,651 | $637,171 |
Virginia Veterinary Medical Association Incorporated Richmond, VA | $1,151,899 | $507,087 |
Spay Today Inc Greenville, NC | $271,357 | $409,720 |
Nothing But Luck Inc Thomasville, NC | $102,149 | $445,342 |
American Board Of Veterinary Practitioners Inc Mt Juliet, TN | $941,163 | $390,790 |