Acvs Foundation INC EIN 52-1946008 Form 990 (PDF) Claim this org

Acvs Foundation INC FY2022 filing

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Funds education and research to advance surgical care for all animals. For fiscal year 2022 it reported $880K in revenue, $193K in expenses, and $4.9M in net assets.Pt I

Type
Supporting organization · Animals
Location
Germantown, MD
Website
www.acvsfoundation.org
Filings
5 on file (2020–2022)
Revenue
$880KFY2022
Expenses
$193K
Net assets
$4.9M
People
11
Filings
5
Updates
0
More identity details & actions ⌄
EIN  52-1946008 Supporting organization Germantown, MD
Form 990 (PDF)
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
Funds education and research to advance surgical care for all animals.
Leadership
Susan L Fubini · Chair
Money in and out
$880K revenue, $193K expenses
Bottom line
+78% net inflow
Money in and out · FY2022
Total revenue
$880K
Pt VIII · Ln 12
Total expenses
$193K
Pt IX · Ln 25
Net assets
$4.9M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $687K
Where spending went · Part IX cols B–D
Program services $0.71 Management & general $0.24 Fundraising $0.05
Net inflow
+78%
revenue over expenses, this year
Pass-through gifts
74%
of revenue from contributions
Program spending
71%
of expenses reach stated programs

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$880K
FY2022▲ +74%
Expenses
$193K
FY2022▲ +13%
Total assets
$4.9M
FY2022▲ +10%
Total liabilities
$26K
FY2022▲ +100%
Total revenue
$880K
Pt VIII · Ln 12
Total expenses
$193K
Pt IX · Ln 25
Net assets
$4.9M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$687K
Total assetsPt X · Ln 16$4.9M
Program-expense ratioPt IX · col B71%
Voting members of governing bodyPt I · Ln 311
Independent voting membersPt I · Ln 411

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 1a11
Independent voting membersPt VI · Ln 1b11
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
$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-Elect
$0Pt VII · Sec A
See Acvs Foundation INC executive salaries →

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Mission & Programs · Part III

Where the work happens

3 program services account for $133K of program spending, described in the organization's own filed words · FY2022.
01

Research Grant Program

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

$111Kprogram 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 over 2,000 with approximately 67% small animal surgeons and 33% large animal surgeons.

$14Kprogram 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.

$9Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$652K · 74%
Investment income$234K · 27%
Contributions & grants74%$652K
Investment income27%$234K
Total revenueLn 12$880K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.71 Management & general $0.24 Fundraising $0.05
Program services71%$138K
Management & general24%$47K
Fundraising5%$9K
Total functional expensesLn 25$193K

Balance Sheet

Part X · end of year
CashLn 1$288K
Total assetsLn 16$4.9M
Total liabilitiesLn 26$26K
Total net assetsLn 32$4.9M
Months of cash on handcomputed17.9

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $4.7M · Operating expenses/yr $193K
289.7 months
Where the money goes
Program services
Program services $138K · Total expenses $193K
71%
Management & General
Management & general $47K · Total expenses $193K
24%
Fundraising
Fundraising $9K · Total expenses $193K
5%
Cost to raise $1
Fundraising expense (3-yr avg) $5K · Solicited contributions (3-yr avg) $336K
$0.01 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $652K · Total revenue $880K
74%
Government reliance
Government grants — · Total revenue $880K
Earned-income share
Program service revenue $0 · Total revenue $880K
0%
Investment reliance
Investment income $234K · Total revenue $880K
+27%
Program self-sufficiency
Program service revenue $0 · Total expenses $193K
0%
Growth & trend
Revenue growth (YoY)
This year $880K · Prior year $504K
+74%
Net-asset trend (YoY)
End of year $4.9M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $880K · Expenses $193K
+78%
Liabilities-to-Assets
Total liabilities — · Total assets $4.9M
Net-asset ratio
Net assets $4.9M · Total assets $4.9M
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $4.4M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $4.9M
89%
People & payroll
Highest Reported Total Compensation
Individual Susan L Fubini · Reported title CHAIR · Highest reported compensation $0 · Total expenses $193K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $193K
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 71%
Overhead ratio 24%
Fundraising cost ratio 1%
Revenue growth 74%
Investment management fee ratio 0.6%
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.

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 · ⤓ 990 PDF
FY2023$667K revenue · ⤓ 990 PDF
FY2022$880K revenue · viewing · ⤓ 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) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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