Acvs Foundation INC FY2021 filing

Tax-deductible

Germantown, MD501(c)(3)AnimalsEIN 52-1946008

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.
73¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
Is it a real charity?
501(c)(3)
not on the IRS revocation list
IRS BMF · Auto-Revocation List
Are gifts tax-deductible?
Yes
Donations are tax-deductible
IRS Pub. 78 · IRS BMF
Is it filing on time?
FY2024
latest Form 990
IRS e-file · Filing history
Is it financially stable?
5 of 5
years in the black
Pt I · Ln 19 · 5 filings
How much reaches the programs?
73%
of spending
Pt IX · Ln 25 · col B
Do they have reserves?
17 mo
of spending, in cash
Pt X · Ln 1–2 · Pt I · Ln 18
Who is supporting them already?
2
named funders · $64K
Funders’ Sch. I, 990-PF
Do they carry debt?
$13K
liabilities
Pt X · Ln 26
Who oversees it?
11
independent of 11 voting board members
Pt VI · Ln 1a–1b
Revenue
$504K
-1% vs prior year
Spent
$171K
To programs
73%
Net assets
$4.5M
By yearFY2020–FY2024
Revenue
$504K
FY2021▼ -1%
Revenue by fiscal year
FY2020$512K
FY2021$504K
FY2022$880K
FY2023$667K
FY2024$613K
Expenses
$171K
FY2021▲ +11%
Expenses by fiscal year
FY2020$154K
FY2021$171K
FY2022$193K
FY2023$247K
FY2024$287K
Net assets
$4.5M
FY2021▲ +19%
Net assets by fiscal year
FY2020$3.8M
FY2021$4.5M
FY2022$4.9M
FY2023$5.4M
FY2024$6.0M

From the FY2021 Form 990 · see the original

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Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Legal name (IRS)Hdr · item CAcvs Foundation INC
EINHdr · item D52-1946008
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFFeb 1996
Latest filingForm 990FY2024 · Form 990
Principal addressHdr · item CGermantown, MD
NTEE classificationIRS BMFAnimals (D054)
WebsiteHdr · item Jwww.acvsfoundation.org

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.73 Management & general $0.25 Fundraising $0.01
Program services73%$125K
Management & general25%$43K
Fundraising1%$2K
Total functional expensesLn 25$171K

Financial health

Is it on solid ground?

Net inflow
+66%
revenue over expenses, this year
Pass-through gifts
30%
of revenue from contributions
Program spending
73%
of expenses reach stated programs

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Total assets
$4.5M
FY2021▲ +20%
Total assets by fiscal year
FY2020$3.8M
FY2021$4.5M
FY2022$4.9M
FY2023$5.4M
FY2024$6.0M
Total liabilities
$13K
FY2021▲ +85%
Total liabilities by fiscal year
FY2020$7K
FY2021$13K
FY2022$26K
FY2023$15K
FY2024$20K
Revenue less expensesPt I · Ln 19$333K
Total assetsPt X · Ln 16$4.5M
Program-expense ratioPt IX · col B73%
Voting members of governing bodyPt I · Ln 311
Independent voting membersPt I · Ln 411

Balance Sheet

Part X · end of year
CashLn 1$243K
Total assetsLn 16$4.5M
Total liabilitiesLn 26$13K
Total net assetsLn 32$4.5M
Months of cash on handcomputed17.0

Statement of Revenue

Part VIII
Investment income$352K · 70%
Contributions & grants$153K · 30%
Investment income70%$352K
Contributions & grants30%$153K
Total revenueLn 12$504K

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $4.5M · Operating expenses/yr $171K
314.2 months
Where the money goes
Program services
Program services $125K · Total expenses $171K
73%
Management & General
Management & general $43K · Total expenses $171K
25%
Fundraising
Fundraising $2K · Total expenses $171K
1%
Cost to raise $1
Fundraising expense (2-yr avg) $2K · Solicited contributions (2-yr avg) $178K
$0.01 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $153K · Total revenue $504K
30%
Government reliance
Government grants — · Total revenue $504K
—
Earned-income share
Program service revenue $0 · Total revenue $504K
0%
Investment reliance
Investment income $352K · Total revenue $504K
+70%
Program self-sufficiency
Program service revenue $0 · Total expenses $171K
0%
Growth & trend
Revenue growth (YoY)
This year $504K · Prior year $512K
-1%
Net-asset trend (YoY)
End of year $4.5M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $504K · Expenses $171K
+66%
Liabilities-to-Assets
Total liabilities — · Total assets $4.5M
—
Net-asset ratio
Net assets $4.5M · Total assets $4.5M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $4.2M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $4.5M
94%
People & payroll
Highest Reported Total Compensation
Individual Karen Cornell · Reported title CHAIR · Highest reported compensation $0 · Total expenses $171K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $171K
—
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 73%——
Overhead ratio 25%——
Fundraising cost ratio 2%——
Revenue growth -1%——
Investment management fee ratio 0.7%——
Accounting fee ratio 6%——

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.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

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

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Governance & Policies

Part VI
  • 11Voting board membersPt VI · Ln 1a
  • 11Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aYes
  • Whistleblower policyPt VI · Ln 13Yes
  • Document retention policyPt VI · Ln 14Yes
  • Top official’s pay independently reviewedPt VI · Ln 15aNo
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

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

Provided by the organization

This section is blank until Acvs Foundation INC claims this page.

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Mission & Programs · Part III

Where the work happens

3 program services account for $121K of program spending, described in the organization's own filed words · FY2021.
01

Research Grant Program

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

$111Kprogram expense
02

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.

$8Kprogram expense
03

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 over 2,000 with approximately 67% small animal surgeons and 33% large animal surgeons.

$3Kprogram expense

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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
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 →

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2024 Latest $613K$287K-8% 990 PDF
FY2023 $667K$247K-24% 990 PDF
FY2022 $880K$193K+74% 990 PDF
FY2021 Viewing $504K$171K-1% 990 PDF
FY2020 $512K$154K 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

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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