Acvs Foundation INC EIN 52-1946008

Acvs Foundation INC

EIN  52-1946008 Supporting organization Germantown, MD
Form 990 (PDF) Compare with another nonprofit →
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Size
$100K–1M
What they do
Funds education and research to advance surgical care for all animals.
Leadership
Money in and out
$613K revenue, $287K expenses
Bottom line
+53% net inflow

Funds education and research to advance surgical care for all animals. For fiscal year 2024 it reported $613K in revenue, $287K in expenses, and $6.0M in net assets.Pt I

Money in and out · FY2024
Total revenue
$613K
Pt VIII · Ln 12
Total expenses
$287K
Pt IX · Ln 25
Net assets
$6.0M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $326K
Where spending went · Part IX cols B–D
Program services $0.82 Management & general $0.18 Fundraising $0.00
Net inflow
+53%
revenue over expenses, this year▼ -15% vs prior filing year
Pass-through gifts
30%
of revenue from contributions▼ -35% vs prior filing year
Program spending
82%
of expenses reach stated programs▲ +3% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$613K
FY2024▼ -8%
Expenses
$287K
FY2024▲ +16%
Total assets
$6.0M
FY2024▲ +12%
Total liabilities
$20K
FY2024▲ +31%
Total revenue
$613K
Pt VIII · Ln 12
Total expenses
$287K
Pt IX · Ln 25
Net assets
$6.0M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$326K
Total assetsPt X · Ln 16$6.0M
Program-expense ratioPt IX · col B82%
Voting members of governing bodyPt I · Ln 310
Independent voting membersPt I · Ln 410
Mission & Programs · Part III

Where the work happens

3 program services account for $234K of program spending, described in the organization's 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

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CAcvs Foundation INC
EINHdr · item D52-1946008
Principal addressHdr · item CGermantown, MD
WebsiteHdr · item Jwww.acvsfoundation.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMD
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFAnimals (D054)
Ruling yearIRS BMFFeb 1996

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a10
Independent voting membersPt VI · Ln 1b10
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
See Acvs Foundation INC executive salaries →

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Statement of Revenue

Part VIII
Investment income$429K · 70%
Contributions & grants$183K · 30%
Investment income70%$429K
Contributions & grants30%$183K
Other revenue$870
Total revenueLn 12$613K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.82 Management & general $0.18 Fundraising $0.00
Program services82%$234K
Management & general18%$52K
Fundraising$606
Total functional expensesLn 25$287K

Balance Sheet

Part X · end of year
CashLn 1$349K
Total assetsLn 16$6.0M
Total liabilitiesLn 26$20K
Total net assetsLn 32$6.0M
Months of cash on handcomputed14.6

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $6.0M · Operating expenses/yr $287K
251.5 months
Where the money goes
Program services
Program services $234K · Total expenses $287K
82%
Management & General
Management & general $52K · Total expenses $287K
18%
Fundraising
Fundraising $606 · Total expenses $287K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $4K · Solicited contributions (3-yr avg) $382K
$0.01 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $183K · Total revenue $613K
30%
Government reliance
Government grants — · Total revenue $613K
Earned-income share
Program service revenue $0 · Total revenue $613K
0%
Investment reliance
Investment income $429K · Total revenue $613K
+70%
Program self-sufficiency
Program service revenue $0 · Total expenses $287K
0%
Growth & trend
Revenue growth (YoY)
This year $613K · Prior year $667K
-8%
Revenue CAGR
FY2020 $512K · FY2024 $613K
+5%
Net-asset trend (YoY)
End of year $6.0M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $613K · Expenses $287K
+53%
Liabilities-to-Assets
Total liabilities — · Total assets $6.0M
Net-asset ratio
Net assets $6.0M · Total assets $6.0M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $5.7M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $6.0M
94%
People & payroll
Highest Reported Total Compensation
Individual Ronald M McLaughlin JR · Reported title CHAIR · Highest reported compensation $0 · Total expenses $287K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $287K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 82%
Overhead ratio 18%
Fundraising cost ratio 0%
Revenue growth -8%
Investment management fee ratio 1%
Accounting fee ratio 4%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
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 GeorgiaFY2024$8,590
North Carolina State UniversityFY2024$8,422
Oregon State UniversityFY2024$8,235
Auburn UniversityFY2023$34,500
The University of MinnesotaFY2023$19,906
North Carolina State UniversityFY2023$15,000
Texas A&m Agrilife ResearchFY2023$11,644
Cornell UniversityNY · FY2023$11,600
See all 45 grants →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$613K revenue · viewing · ⤓ 990 PDF
FY2023$667K revenue · ⤓ 990 PDF
FY2022$880K revenue · ⤓ 990 PDF
FY2021$504K revenue · ⤓ 990 PDF
FY2020$512K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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