Kentucky Veterinary Medical Association Inc
- Assets
- $1.2m
- Revenue
- $399.5k
- Investments
- $0.0
- Employees
- 1
- Location
- Frankfort, KY
- Founding
- 04/1988
- Data as of
- 12/2021
- EIN
- 61-0621044
Organization Overview
Kentucky Veterinary Medical Association Inc is located in Frankfort, KY. The organization was established in 1988. According to its NTEE Classification (D40) the organization is classified as: Veterinary Services, 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. Kentucky 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, Kentucky Veterinary Medical Association Inc generated $399.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $361.8k during the year ending 12/2021. While expenses have increased by 0.5% 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
PROTECT AND IMPROVE WELFARE OF THE VETERINARY PROFESSION IN KENTUCKY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE INFORMATION THROUGH QUARTERLY NEWSLETTERS & CONTINUING EDUCATION. THE ASSOCIATION SERVES APPROXIMATELY 1064 MEMBERS & OTHER NON-MEMBRES ATTENDING PROGRAMS.
TO PROVIDE THE PUBLIC WITH INFORMATION REGARDING VETERINARY ISSUES AND THE VETERINARY PROFESSION THROUGH PUBLIC EDUCATION BROCHURES, ANNOUNCEMENTS AND CONFERENCES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Jason Rodgers President | OfficerTrustee | 3 | $0 |
Dr Wade King Sec/treas | OfficerTrustee | 2 | $0 |
Dr Bridgette Dean-Hines President Elect | OfficerTrustee | 2 | $0 |
Dr Ben Redmon Vice President | OfficerTrustee | 2 | $0 |
Dr Lee Cundiff Director | Trustee | 1 | $0 |
Dr Lauren Mirus 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 | $363,208 |
| Investment income | $21,448 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| 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 | $399,510 |
| 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 | $73,372 |
| Pension plan accruals and contributions | $4,666 |
| Other employee benefits | $0 |
| Payroll taxes | $5,766 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $5,420 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $8,400 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $153,274 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $399 |
| Insurance | $3,914 |
| All other expenses | $45,888 |
| Total functional expenses | $361,826 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $17,598 |
| Savings and temporary cash investments | $480,476 |
| 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 | $1,396 |
| Investments—publicly traded securities | $723,602 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,223,072 |
| Accounts payable and accrued expenses | $650 |
| 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 | $2,361 |
| Total liabilities | $3,011 |
| Net assets without donor restrictions | $1,140,762 |
| Net assets with donor restrictions | $79,299 |
| 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 | $1,223,072 |
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 |
Bloomington Pets Alive Inc Bloomington, IN | $489,697 | $1,264,185 |
Altercare Animal Clinic Canton, OH | $398,802 | $974,570 |
Indiana Veterinary Medical Association Indianapolis, IN | $1,134,053 | $760,556 |
Missouri Veterinary Medical Association Jefferson City, MO | $603,609 | $694,318 |
Oconnor Foundation Willow Springs, IL | $949,507 | $688,917 |
Tennessee Veterinary Medical Association Fayetteville, TN | $1,081,349 | $677,422 |
Love Pet Project Inc Zionsville, IN | $60,735 | $390,047 |
American Veterinary Medical Association Schaumburg, IL | $812,509 | $541,542 |
Virginia Veterinary Medical Association Incorporated Richmond, VA | $1,151,899 | $507,087 |
Kentucky Veterinary Medical Association Inc Frankfort, KY | $1,223,072 | $399,510 |