AMERICAN VETERINARY MEDICAL FOUNDATION

EIN: 366117739 501(c)(3) Animal-Related

SCHAUMBURG, IL

Total Revenue
$3,746,200
Total Expenses
$2,644,920
Total Assets
$11,927,388
Net Assets
$11,453,815
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1963
Legal Domicile
IL
Principal Officer
LORI TELLER
Phone
8479258070
Tax Period
2023-01-01 to 2023-12-31

AMERICAN VETERINARY MEDICAL FOUNDATION, founded in 1963, is a community nonprofit in the Animal-Related sector that reported $3.7M in total revenue in fiscal year 2023. The organization ran a surplus of $1.1M, a strong 29% operating margin.

Mission

THE FOUNDATION DEVELOPS RESOURCES TO ADVANCE THE SCIENCE AND PRACTICE OF VETERINARY MEDICINE TO IMPROVE ANIMAL AND HUMAN HEALTH. DONATIONS HELP SUPPORT CARE FOR ANIMALS IN NEED, VETERINARY STUDENT SCHOLARSHIPS, RESEARCH, AND COMMUNITY SERVICE ACTIVITIES.

Program Service Accomplishments

Program 1
Expenses: $182,952

DISASTER RELIEF - THROUGH DISASTER REIMBURSEMENT GRANTS, THE AVMF PROVIDES FUNDS TO VETERINARIANS AND OTHER ALLIED HEALTH ORGANIZATIONS THAT HELP BEFORE, DURING, AND AFTER DISASTERS WITH THE...

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DISASTER RELIEF - THROUGH DISASTER REIMBURSEMENT GRANTS, THE AVMF PROVIDES FUNDS TO VETERINARIANS AND OTHER ALLIED HEALTH ORGANIZATIONS THAT HELP BEFORE, DURING, AND AFTER DISASTERS WITH THE TRANSPORT, SHELTER, AND MEDICAL TREATMENT OF ANIMAL VICTIMS. DISASTERS INCLUDE HURRICANES, FLOODS, FIRES, TORNADOES, EARTHQUAKES, AND OTHER EXTREME WEATHER CONDITIONS THAT PUT ANIMALS IN NEED OF EMERGENCY CARE. THROUGH DISASTER RELIEF GRANTS, THE AVMF PROVIDES FUNDS TO VETERINARIANS AND VETERINARY STUDENTS WHO NEED EMERGENCY RELIEF TO HELP WITH THE COSTS OF HOUSING, FOOD, TRANSPORTATION, AND CLOTHING IMMEDIATELY FOLLOWING A DISASTER.

Program 2
Expenses: $535,425

ANIMAL WELFARE - THROUGH THE AVMF VETERINARY CARE CHARITABLE FUND PROGRAM, VETERINARIANS HAVE A SIMPLE AND EFFECTIVE WAY TO OFFER CHARITABLE VETERINARY SERVICES TO CLIENTS FACING PERSONAL HARDSHIPS...

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ANIMAL WELFARE - THROUGH THE AVMF VETERINARY CARE CHARITABLE FUND PROGRAM, VETERINARIANS HAVE A SIMPLE AND EFFECTIVE WAY TO OFFER CHARITABLE VETERINARY SERVICES TO CLIENTS FACING PERSONAL HARDSHIPS AS WELL AS A MEANS TO SUPPORT INJURED, ABUSED, OR ABANDONED ANIMALS. USING DONATIONS TO THE FUND, VETERINARY HOSPITALS CAN OFFER LOW OR NO-COST SERVICES TO CLIENTS WHO MIGHT OTHERWISE BE FORCED TO SURRENDER OR EUTHANIZE THEIR BELOVED PETS. VETERINARY PRACTICES IN ALL 50 STATES, PUERTO RICO AND GUAM PARTICIPATE IN THE PROGRAM.LED BY THE AVMA AND THE AMERICAN ANIMAL HOSPITAL ASSOCIATION, PARTNERS FOR HEALTHY PETS PROVIDES TOOLS AND RESOURCES THAT HELP COMMUNICATE THE VALUE AND BENEFIT OF PREVENTIVE CARE.

Program 3
Expenses: $1,371,826

EDUCATION - AVMF PROVIDES SCHOLARSHIPS TO OUTSTANDING VETERINARY STUDENTS TO ENSURE THAT FUTURE VETERINARIANS HAVE THE SKILLS AND TRAINING NECESSARY TO TREAT OUR PETS, SAFEGUARD OUR FOOD SUPPLY AND...

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EDUCATION - AVMF PROVIDES SCHOLARSHIPS TO OUTSTANDING VETERINARY STUDENTS TO ENSURE THAT FUTURE VETERINARIANS HAVE THE SKILLS AND TRAINING NECESSARY TO TREAT OUR PETS, SAFEGUARD OUR FOOD SUPPLY AND PROTECT PUBLIC HEALTH. THROUGH THE ALL FOR STUDENTS PROGRAM, STUDENT CHAPTERS OF THE AVMA USE THIS FUNDING TO PROVIDE PROGRAMMING IN FOUR KEY AREAS: DIVERSITY, EQUITY, AND INCLUSION; WELLBEING; PROFESSIONAL DEVELOPMENT; AND COMMUNITY OUTREACH.

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $3,878,001
Program Service Revenue $0
Investment Income $-131,801
Other Revenue $0
TOTAL REVENUE $3,746,200

Expense Breakdown

Grants Paid $2,160,319
Salaries & Benefits $0
Fundraising Expenses $127,557
Program Expenses $2,279,156
Other Expenses $484,601
TOTAL EXPENSES $2,644,920

Year-over-Year Comparison

2023 2022 Change
Revenue $3,746,200 $3,576,713 +0.0%
Expenses $2,644,920 $2,398,349 +0.1%
Net Income $1,101,280 $1,178,364 -0.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
10
Independent Members
7
Employees
N/A
Volunteers
160

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$136,039
Total Directors
25
$765,463
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LORI TELLER CHAIR 5.00
Officer Director
$0 $0 $98,981
JOSE ARCE CHAIR - PAST 5.00
Officer Director
$0 $0 $27,058
JON PENNELL TREASURER 5.00
Officer Director
$0 $0 $10,000
HEATHER CASE DIRECTOR 5.00
Director
$0 $0 $0
JOE DIPETRO DIRECTOR 5.00
Director
$0 $0 $0
JANET DONLIN DIRECTOR 5.00
Director
$0 $48,852 $481,220
KIMBERLY LITTLETON TOPPER DIRECTOR 5.00
Director
$0 $0 $0
MELANIE MARSDEN DIRECTOR 5.00
Director
$0 $0 $10,137
SAM MILLER DIRECTOR 5.00
Director
$0 $0 $10,000
MAX PAULSON DIRECTOR 5.00
Director
$0 $0 $0
SAUNDRA WILLIS DIRECTOR 5.00
Director
$0 $0 $10,000
DOUGLAS KRATT DIRECTOR - PAST 5.00
Director
$0 $0 $0
MICHAEL BAILEY DIRECTOR - PAST 5.00
Director
$0 $0 $5,129
GEORGE BISHOP DIRECTOR - PAST 5.00
Director
$0 $0 $0
KAREN BRADLEY DIRECTOR - PAST 5.00
Director
$0 $0 $0
GRACE BRANSFORD DIRECTOR - PAST 5.00
Director
$0 $0 $0
MARY ERGEN DIRECTOR - PAST 5.00
Director
$0 $0 $10,000
SANDRA FAEH DIRECTOR - PAST 5.00
Director
$0 $0 $37,656
RONALD GILL DIRECTOR - PAST 5.00
Director
$0 $0 $12,508
ARNOLD GOLDMAN DIRECTOR - PAST 5.00
Director
$0 $0 $10,140
ROBERT KNAPP DIRECTOR - PAST 5.00
Director
$0 $0 $12,500
CHUCK LEMME DIRECTOR - PAST 5.00
Director
$0 $0 $20,000
SEYEDMEHDI MOBINI DIRECTOR - PAST 5.00
Director
$0 $0 $10,134
LORI TELLER DIRECTOR - PAST 5.00
Director
$0 $0 $0
JOHN PENNELL DIRECTOR - PAST 5.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $3,746,200 $2,644,920 $11,927,388 $1,101,280
2022 $3,576,713 $2,398,349 $9,539,753 $1,178,364
2021 $3,036,219 $1,742,722 $9,767,890 $1,293,497
2020 $2,684,199 $1,990,614 $8,778,096 $693,585
2019 $3,156,265 $1,939,161 $7,596,586 $1,217,104
2018 $2,231,297 $2,180,926 $5,814,180 $50,371
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