The teva Foundation is the charitable Foundation of the Texas Equine Veterinary Association (teva) founded in 2017. The foundation's objective is to raise, hold, and administer funds for the benefit of the charitable purposes of teva. The teva Foundation was established to support benevolence in the Equine industry and Equine welfare, geared towards regions served by the teva Association. We accomplish this through research, education, disaster relief, and outreach.

501(c)(3) charity; gifts are tax-deductible.
76¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

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
4 of 5
filings with a surplus
Average surplus $66K a year · 34% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
76%
of spending
Looks good: 76% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
14 mo
of spending, in cash
Looks good: 14.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $15K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$420K
+73% vs prior year
Spent
$324K
To programs
76%
Net assets
$457K
By yearFY2020–FY2024
Revenue
$420K
FY2024▲ +73%
Tap a bar for its year
Revenue by fiscal year
FY2020$6K
FY2021$119K
FY2022$169K
FY2023$242K
FY2024$420K
Expenses
$324K
FY2024▲ +99%
Tap a bar for its year
Expenses by fiscal year
FY2020$32K
FY2021$36K
FY2022$72K
FY2023$163K
FY2024$324K
Net assets
$457K
FY2024▲ +27%
Tap a bar for its year
Net assets by fiscal year
FY2020$102K
FY2021$191K
FY2022$289K
FY2023$361K
FY2024$457K

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 Nov 2017.

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

Where the money goes

76 cents of each dollar spent went to programs.

Program services 76% · $247K Management & general 22% · $72K Fundraising 2% · $5K

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

8 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Immediate Past President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Texas Equine Veterinary Association Foundation 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

Supports equine welfare and industry through research, education, and disaster relief.

Questions for Texas Equine Veterinary Association Foundation

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Provided by the organization

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3 programs · $230K · in their own filed words · FY2024
01

Veterinary Student Support

Sponsored programs that support pre-veterinary and veterinary students in their education to become equine vetrinarians.

$125Kprogram expense
02

Disaster Relief

Provided relief to equine veterinarians and horses in crisis (medical bills, hay and feed).

$95Kprogram expense
03

Grant the foundation of the horse for their equine disease communications center, which sends updates on equine diseases nationwide.

$10Kprogram 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
Brooke USA INCFY2024$10K
Total grants receivedfrom 2 funders$15K
Grants paid · 9 grants · $56K · 2020–2024
Unitemized GrantFY2024$9,000
Unitemized GrantFY2021$5,000
Unitemized GrantFY2021$2,500
Unitemized GrantFY2020$7,500
Unitemized GrantFY2020$6,000
Unitemized GrantFY2020$5,541
Unitemized GrantFY2020$5,000

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$420K
Ln 12
Gifts and grantsLn 1h$420K
Investment incomeLn 3$33
Money outPt IX
$324K
Ln 25
Programscol B$247K
Managementcol C$72K
Fundraisingcol D$5K
Owns and owesPt X
$457K
net assets · Ln 32
Cash and savingsLn 1–2$389K
Total assetsLn 16$457K
LiabilitiesLn 26$0
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$420K
Investment incomeLn 3$33
Total revenueLn 12$420K
Assets in detailPt X, end of year
CashLn 1$389K
Cash and savings togetherLn 1–2$389K
Other assetsLn 15$58K
Total assetsLn 16$457K
LiabilitiesLn 26$0
Net assetsLn 32$457K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$354K$389K
Total assetsLn 16$361K$457K
LiabilitiesLn 26$0$0
Net assetsLn 32$361K$457K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$10K$10K
Grants to domestic individualsLn 2$9K$9K
Accounting feesLn 11c$10K$10K
Other fees for servicesLn 11g$228K$228K
Advertising and promotionLn 12$2K$2K
Other expenses (24a–d)Ln 24$64K$58K$5K
All other expensesLn 24e$829$829
Total functional expensesLn 25$324K$247K$72K$5K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $420K$324K$96K$457K 990 PDF
FY2023 $242K$163K$80K$361K 990 PDF
FY2022 $169K$72K$98K$289K 990 PDF
FY2021 $119K$36K$82K$191K 990 PDF
FY2020 $6K$32K−$27K$102K 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 $420,314 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $242,433$420,281
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $13$33
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $242,446$420,314
I-13 Grants and similar amounts paidPrior year $20,500$19,000
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 $142,109$305,117
I-18 Total expensesPrior year $162,609$324,117
I-19 Revenue less expensesPrior year $79,837$96,197
Part VI · Governance 7 of 7 board members independent, 4 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $420,314 across 4 lines filed
VIII-1f All other contributions, gifts and grants$420,281
VIII-1h Total contributions, gifts and grants$420,281
VIII-3 Investment incomeUnrelated business $33$33
VIII-12 Total revenueRelated to mission $0 · Unrelated business $33 · Excluded from tax $0$420,314
Part IX · Statement of functional expenses $324,117 across 7 lines filed
IX-1 Grants to domestic organizationsPrograms $10,000$10,000
IX-2 Grants to domestic individualsPrograms $9,000$9,000
IX-11c Accounting feesManagement $10,450$10,450
IX-11g Other fees for servicesPrograms $227,829$227,829
IX-12 Advertising and promotionManagement $2,286$2,286
IX-24 Other expenses (24a–d)Management $58,492 · Fundraising $5,231$63,723
IX-24e All other expensesManagement $829$829
IX-25 Total functional expensesPrograms $246,829 · Management $72,057 · Fundraising $5,231$324,117
Part X · Balance sheet $457,437 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $354,096$388,684
X-4 Accounts receivableStart of year $7,146$10,654
X-15 Other assetsStart of year $0$58,099
X-16 Total assetsStart of year $361,242$457,437
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $361,242$457,437
X-33 Total liabilities and net assetsStart of year $361,242$457,437
Part XI · Reconciliation of net assets $457,437 net assets at year end
XI-1 Total revenue$420,314
XI-2 Total expenses$324,117
XI-3 Revenue less expenses$96,197
XI-4 Net assets at start of year$361,242
XI-9 Other changes in net assets−$2
XI-10 Net assets at end of year$457,437

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

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