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Acvs Foundation INC

Tax-deductible

Germantown, MD501(c)(3)Animals EIN 52-1946008Revenue $613K in FY2024

On file with the IRSacvsfoundation.org19785 Crystal Rock Dr Ste 305, 20874-4732 · Germantown, MDTax-exempt since Feb 1996Supporting organization — 509(a)(3)

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The mission of the Acvs Foundation is to support the advancement of surgical care of all animals. As an independently-charterd nonprofit philanthropic organization, the Acvs Foundation is devoted to the advancement of surgical care of all animals through funding of educational and research opportunities for veterinary surgical residents and board certified veterinary surgeons.

501(c)(3) charity; gifts are tax-deductible.
82¢ of each $1 spent went to programs.
Run by 282 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

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FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
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
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $425K a year · 67% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
82%
of spending
Looks good: 82% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
15 mo
of spending, in cash
Plus $5.7M in investments, Pt X · Ln 11–13
Looks good: 14.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $64K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$20K
0.3% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$613K
-8% vs prior year
Spent
$287K
To programs
82%
Net assets
$6.0M
By yearFY2020–FY2024
Revenue
$613K
FY2024▼ -8%
Tap a bar for its year
Revenue by fiscal year
FY2020$512K
FY2021$504K
FY2022$880K
FY2023$667K
FY2024$613K
Expenses
$287K
FY2024▲ +16%
Tap a bar for its year
Expenses by fiscal year
FY2020$154K
FY2021$171K
FY2022$193K
FY2023$247K
FY2024$287K
Net assets
$6.0M
FY2024▲ +12%
Tap a bar for its year
Net assets by fiscal year
FY2020$3.8M
FY2021$4.5M
FY2022$4.9M
FY2023$5.4M
FY2024$6.0M

From the FY2024 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Feb 1996.

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

Where the money goes

82 cents of each dollar spent went to programs.

Program services 82% · $234K Management & general 18% · $52K Fundraising 0% · $606

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

11 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Julie D Smith
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Jan Hawkins
President
$0Pt VII · Sec A
$0Pt VII · Sec A
See Acvs Foundation INC 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

Funds education and research to advance surgical care for all animals.

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Provided by the organization

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3 programs · $234K · in their own filed words · FY2024
01

Research Grant Program

The acvs foundation research grant programs provide funding for surgically related clinical and basic reseach.

$197Kprogram expense
02

New Diplomate Outreach Program

Acvs foundation provides certifications for acvs diplomates on passing the phase I surgical knowledge examination and phase ii surgical competency examination. The total number of acvs diplomates is now about 2,013 with approximately 70% small animal surgeons and 30% large animal surgeons.

$21Kprogram expense
03

Continuing Education Support Program

Acvs foundation provides sponsorships to support and congratulate future leaders in veterinary surgery, such as outstanding surgical residents' awards which encourages the development of clinically important research and the dissemination of the results of these investigations, particularly those conducted by surgical residents.

$16Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2024
Fidelity Investments Charitable Gift FundFY2024$63K
Sharon & Bob Ford FoundationFY2024$1K
Total grants receivedfrom 2 funders$64K
Grants paid · 45 grants · $627K · 2020–2024
Colorado State UniversityFY2024$38,544
Cornell UniversityNY · FY2024$20,000
Colorado State UniversityFY2024$20,000
The Ohio State UniversityOH · FY2024$19,929
North Carolina State UniversityFY2024$19,190
Oregon State UniversityFY2024$17,561
Texas Tech UniversityFY2024$16,850
University of Georgia Research Foundation INCGA · FY2024$13,488
University of GeorgiaFY2024$8,590
North Carolina State UniversityFY2024$8,422
Oregon State UniversityFY2024$8,235
Auburn UniversityFY2023$34,500
The University of MinnesotaFY2023$19,906
Louisiana State University and A&mLA · FY2023$19,620
North Carolina State UniversityFY2023$15,000
Trustees of Purdue UniversityIN · FY2023$12,465
Texas A&m Agrilife ResearchFY2023$11,644
Cornell UniversityNY · FY2023$11,600
See all 45 grants →

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$613K
Ln 12
Investment incomeLn 3$429K
Gifts and grantsLn 1h$183K
Other incomeLn 4–11$870
Money outPt IX
$287K
Ln 25
Programscol B$234K
Managementcol C$52K
Fundraisingcol D$606
Owns and owesPt X
$6.0M
net assets · Ln 32
Cash and savingsLn 1–2$349K
Total assetsLn 16$6.0M
LiabilitiesLn 26$20K
PeoplePt VI, VII
11
listed · VII A
PaidVII A0
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$183K
Investment incomeLn 3$429K
Other incomeLn 4–11$870
Gains on assetsLn 7$237K
Total revenueLn 12$613K
Assets in detailPt X, end of year
CashLn 1$349K
Cash and savings togetherLn 1–2$349K
InvestmentsLn 11–13$5.7M
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$13K
Total assetsLn 16$6.0M
LiabilitiesLn 26$20K
Net assetsLn 32$6.0M
OperationsPt I, VI
EmployeesI 50
VolunteersI 6282
Fiscal year endsHeaderDecember
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 FY24End FY24
Cash and savingsLn 1–2$293K$349K
InvestmentsLn 11–13$4.9M$5.7M
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$5.4M$6.0M
LiabilitiesLn 26$15K$20K
Net assetsLn 32$5.4M$6.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$186K$186K
Grants to domestic individualsLn 2$11K$11K
Accounting feesLn 11c$12K$12K
Investment management feesLn 11f$36K$36K
Office expensesLn 13$465$465
Conferences, conventions and meetingsLn 19$1K$1K
Other expenses (24a–d)Ln 24$40K$37K$2K$606
Total functional expensesLn 25$287K$234K$52K$606

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $613K$287K$326K$6.0M 990 PDF
FY2023 $667K$247K$420K$5.4M 990 PDF
FY2022 $880K$193K$687K$4.9M 990 PDF
FY2021 $504K$171K$333K$4.5M 990 PDF
FY2020 $512K$154K$358K$3.8M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $612,850 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $308,789$183,323
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $359,546$428,657
I-11 Other revenuePrior year −$1,291$870
I-12 Total revenuePrior year $667,044$612,850
I-13 Grants and similar amounts paidPrior year $164,478$196,561
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $82,848$90,064
I-18 Total expensesPrior year $247,326$286,625
I-19 Revenue less expensesPrior year $419,718$326,225
Part VI · Governance 10 of 10 board members independent, 1 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
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 $612,850 across 7 lines filed
VIII-1f All other contributions, gifts and grants$183,323
VIII-1h Total contributions, gifts and grants$183,323
VIII-3 Investment incomeExcluded from tax $191,959$191,959
VIII-7 Net gain or loss on sales of assetsExcluded from tax $236,698$236,698
VIII-8 Net income from fundraising eventsExcluded from tax −$804−$804
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $1,674$1,674
VIII-12 Total revenueRelated to mission $1,674 · Unrelated business $0 · Excluded from tax $427,853$612,850
Part IX · Statement of functional expenses $286,625 across 7 lines filed
IX-1 Grants to domestic organizationsPrograms $185,948$185,948
IX-2 Grants to domestic individualsPrograms $10,613$10,613
IX-11c Accounting feesManagement $11,900$11,900
IX-11f Investment management feesManagement $36,454$36,454
IX-13 Office expensesManagement $465$465
IX-19 Conferences, conventions and meetingsManagement $1,024$1,024
IX-24 Other expenses (24a–d)Programs $37,220 · Management $2,395 · Fundraising $606$40,221
IX-25 Total functional expensesPrograms $233,781 · Management $52,238 · Fundraising $606$286,625
Part X · Balance sheet $6,034,578 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $292,633$348,844
X-4 Accounts receivableStart of year $13,772$13,361
X-9 Prepaid expenses and deferred chargesStart of year $248$1,292
X-10c Land, buildings and equipment, netStart of year $0$0
X-11 Publicly traded securitiesStart of year $4,879,479$5,658,066
X-15 Other assetsStart of year $180,338$13,015
X-16 Total assetsStart of year $5,366,470$6,034,578
X-17 Accounts payable and accrued expensesStart of year $8,945$13,213
X-25 Other liabilitiesStart of year $6,429$6,956
X-26 Total liabilitiesStart of year $15,374$20,169
X-27 Net assets without donor restrictionsStart of year $5,305,639$5,966,285
X-28 Net assets with donor restrictionsStart of year $45,457$48,124
X-32 Total net assets or fund balancesStart of year $5,351,096$6,014,409
X-33 Total liabilities and net assetsStart of year $5,366,470$6,034,578
Part XI · Reconciliation of net assets $6,014,409 net assets at year end
XI-1 Total revenue$612,850
XI-2 Total expenses$286,625
XI-3 Revenue less expenses$326,225
XI-4 Net assets at start of year$5,351,096
XI-5 Net unrealized gains (losses) on investments$337,088
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$6,014,409

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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