Veterinary Innovation Council

Not tax-deductible

Orlando, FL501(c)(6)Since 2015Community DevelopmentEIN 47-5403026Revenue $479K in FY2025

On file with the IRSnavc.com/veterinary-innovation-council5144 S Orange Ave, 32809-3020 · Orlando, FLTax-exempt since May 2016

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The Organization's mission is to convene the brightest minds in the veterinary profession and industry together to tackle innovation opportunities that lift up all animal health care segments including caregivers, academia, suppliers, and consumers.

100¢ of each $1 spent went to programs.
Run by 24 volunteers.
Mission: Form 990 Part I, line 1 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average surplus $26K a year · 4% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
7 mo
of spending, in cash
Looks good: 7.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $50K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$108K
40% of total assets
Looks good: liabilities are 40% of assets; 50% or less.
Pt X · Ln 26
Independent board members
17
of 18 voting members
Looks good: 17 of 18 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$479K
-57% vs prior year
Spent
$447K
To programs
100%
Net assets
$163K
By yearFY2020–FY2025
Revenue
$479K
FY2025▼ -57%
Tap a bar for its year
Revenue by fiscal year
FY2020$326K
FY2021$571K
FY2022$755K
FY2023$292K
FY2024$1.1M
FY2025$479K
Expenses
$447K
FY2025▼ -58%
Tap a bar for its year
Expenses by fiscal year
FY2020$344K
FY2021$567K
FY2022$641K
FY2023$322K
FY2024$1.1M
FY2025$447K
Net assets
$163K
FY2025▲ +24%
Tap a bar for its year
Net assets by fiscal year
FY2020−$13K
FY2021−$9K
FY2022$105K
FY2023$75K
FY2024$132K
FY2025$163K

From the FY2025 Form 990 (year ending September 2025) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in May 2016.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $447K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

25 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Immediate Past Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
Secretary & Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member (end 12/24)
$0Pt VII · Sec A
$0Pt VII · Sec A

James Lloyd DVM PHD’s $6K as Member at Large is at the 1st percentile of top reported officer pay among 2833 $1–10M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

See Veterinary Innovation Council executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Connects veterinary leaders to drive innovation for better animal healthcare.

Questions for Veterinary Innovation Council

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Provided by the organization

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1 program · $447K · in their own filed words · FY2024
01

The Veterinary Innovation Council (VIC) first convened at the NAVC Conference 2016 in Orlando, Florida in January, 2016. The VIC was formed to act as the first veterinary organization that works industry-wide to focus on positive change and push the envelope for innovative solutions across professional boundaries.

$447Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$50K

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$479K
Ln 12
Gifts and grantsLn 1h$353K
Fees for servicesLn 2g$125K
Money outPt IX
$447K
Ln 25
Programscol B$447K
Owns and owesPt X
$163K
net assets · Ln 32
Cash and savingsLn 1–2$271K
Total assetsLn 16$271K
LiabilitiesLn 26$108K
PeoplePt VI, VII
25
listed · VII A
PaidVII A0
Voting boardVI 1a18
IndependentVI 1b17
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$353K
Fees for servicesLn 2g$125K
Total revenueLn 12$479K
Assets in detailPt X, end of year
CashLn 1$271K
Cash and savings togetherLn 1–2$271K
Total assetsLn 16$271K
LiabilitiesLn 26$108K
Net assetsLn 32$163K
OperationsPt I, VI
EmployeesI 50
VolunteersI 624
Fiscal year endsHeaderSeptember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$249K$271K
Total assetsLn 16$251K$271K
LiabilitiesLn 26$119K$108K
Net assetsLn 32$132K$163K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$17K
Other salaries and wagesLn 7$65K
Pension plan contributionsLn 8$2K
Other employee benefitsLn 9$2K
Payroll taxesLn 10$5K
Management feesLn 11a$40K
Accounting feesLn 11c$5K
Advertising and promotionLn 12$17K
Office expensesLn 13$13K
Information technologyLn 14$924
TravelLn 17$175K
Conferences, conventions and meetingsLn 19$93K
InsuranceLn 23$2K
Other expenses (24a–d)Ln 24$13K
Total functional expensesLn 25$447K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $479K$447K$31K$163K 990 PDF
FY2024 $1.1M$1.1M$56K$132K 990 PDF
FY2023 $292K$322K−$30K$75K 990 PDF
FY2022 $755K$641K$114K$105K 990 PDF
FY2021 $571K$567K$4K−$9K 990 PDF
FY2020 $326K$344K−$18K−$13K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (6 parts)
Part I · Summary $478,716 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $841,334$353,333
I-9 Program service revenuePrior year $274,312$125,383
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $1,115,646$478,716
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $147,589$90,599
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $911,560$356,619
I-18 Total expensesPrior year $1,059,149$447,218
I-19 Revenue less expensesPrior year $56,497$31,498
Part VI · Governance 17 of 18 board members independent, 1 to look at
VI-1a Voting members of the governing body18
VI-1b Independent voting members17
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $478,716 across 4 lines filed
VIII-1f All other contributions, gifts and grants$353,333
VIII-1h Total contributions, gifts and grants$353,333
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $125,383$125,383
VIII-12 Total revenueRelated to mission $125,383 · Unrelated business $0 · Excluded from tax $0$478,716
Part IX · Statement of functional expenses $447,218 across 14 lines filed
IX-5 Pay of current officers, directors and key staff$16,931
IX-7 Other salaries and wages$64,807
IX-8 Pension plan contributions$1,750
IX-9 Other employee benefits$2,250
IX-10 Payroll taxes$4,861
IX-11a Management fees$39,500
IX-11c Accounting fees$4,960
IX-12 Advertising and promotion$16,695
IX-13 Office expenses$12,792
IX-14 Information technology$924
IX-17 Travel$174,501
IX-19 Conferences, conventions and meetings$92,892
IX-23 Insurance$1,568
IX-24 Other expenses (24a–d)$12,787
IX-25 Total functional expenses$447,218
Part X · Balance sheet $271,066 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $249,329$271,066
X-16 Total assetsStart of year $250,897$271,066
X-17 Accounts payable and accrued expensesStart of year $119,132$107,803
X-26 Total liabilitiesStart of year $119,132$107,803
X-27 Net assets without donor restrictionsStart of year $131,765$163,263
X-32 Total net assets or fund balancesStart of year $131,765$163,263
X-33 Total liabilities and net assetsStart of year $250,897$271,066
Part XI · Reconciliation of net assets $163,263 net assets at year end
XI-1 Total revenue$478,716
XI-2 Total expenses$447,218
XI-3 Revenue less expenses$31,498
XI-4 Net assets at start of year$131,765
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$163,263

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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