Civic Intelligence

Foundation for Veterinary Dentistry

990 • Fiscal year 2019 • EIN 20-3032950

Jan 01, 2019 to Dec 31, 2019 • Filed on Sep 10, 2020

PO Box 1311Meridian, ID 83680

(208) 367-0071

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

32nd percentile

0.02x

Higher debt load relative to assets than 32% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

29th percentile

0.02x

Higher debt load relative to revenue than 29% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

75th percentile

17%

Higher net margin than 75% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

36th percentile

$0

Higher top officer pay than 36% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

79th percentile

20%

Faster asset growth than 79% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

62nd percentile

9.6%

Faster revenue growth than 62% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Up

$1,544,081

Up $252,832 (+20%) from 2018

Net Assets

Up

$1,518,230

Up $250,774 (+20%) from 2018

Liabilities

Up

$25,851

Up $2,058 (+8.6%) from 2018

Revenue

Up

$1,182,387

Up $103,510 (+9.6%) from 2018

Expenses

Up

$979,305

Up $59,442 (+6.5%) from 2018

Net Income

Up

$203,082

Up $44,068 (+28%) from 2018

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$3.0M$2.0M$1.0M$0Assets 2016: $1,084,379Liabilities 2016: $1,009Net Assets 2016: $1,083,3702016Assets 2017: $1,159,791Liabilities 2017: $19,535Net Assets 2017: $1,140,2562017Assets 2018: $1,291,249Liabilities 2018: $23,793Net Assets 2018: $1,267,4562018Assets 2019: $1,544,081Liabilities 2019: $25,851Net Assets 2019: $1,518,2302019Assets 2020: $1,665,640Liabilities 2020: $72,040Net Assets 2020: $1,593,6002020Assets 2021: $1,814,792Liabilities 2021: $65,224Net Assets 2021: $1,749,5682021Assets 2022: $1,916,071Liabilities 2022: $82,017Net Assets 2022: $1,834,0542022Assets 2023: $2,714,118Liabilities 2023: $224,490Net Assets 2023: $2,489,6282023Assets 2024: $2,351,853Liabilities 2024: $53,097Net Assets 2024: $2,298,7562024

Highlighted filing

2019

Assets$1,544,081
Liabilities$25,851
Net Assets$1,518,230

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.5M$1.0M$500K$0Revenue 2016: $889,792Expenses 2016: $723,621Net Income 2016: $166,1712016Revenue 2017: $953,503Expenses 2017: $896,267Net Income 2017: $57,2362017Revenue 2018: $1,078,877Expenses 2018: $919,863Net Income 2018: $159,0142018Revenue 2019: $1,182,387Expenses 2019: $979,305Net Income 2019: $203,0822019Revenue 2020: $448,264Expenses 2020: $448,216Net Income 2020: $482020Revenue 2021: $1,004,541Expenses 2021: $881,084Net Income 2021: $123,4572021Revenue 2022: $1,258,935Expenses 2022: $1,010,348Net Income 2022: $248,5872022Revenue 2023: $1,437,763Expenses 2023: $1,320,709Net Income 2023: $117,0542023Revenue 2024: $1,498,197Expenses 2024: $1,302,136Net Income 2024: $196,0612024

Highlighted filing

2019

Revenue$1,182,387
Expenses$979,305
Net Income$203,082
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Sep 10, 2020
Return Version
2019v5.0
Gross Receipts
$1,183,173
Mission and Program Overview

Mission

To promote education and excellence in veterinary dentistry through education, training, support of scientific research, advocacy and service to the public and to make charitable distributions to support such purposes.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$800,753$736,325▼ $64,428
Investments in Publicly Traded Securities$378,109$516,759▲ $138,650
Prepaid Expenses and Deferred Charges$5,000$0▼ $5,000
Accounts Receivable$5,104$3,000▼ $2,104
Cash and Non-Interest-Bearing Accounts-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$1,291,249$1,544,081▲ $252,832
Other Assets Total$102,283$287,997▲ $185,714
Liabilities
Deferred Revenue$22,610$19,170▼ $3,440
Accounts Payable and Accrued Expenses$1,183$6,681▲ $5,498
Total Liabilities$23,793$25,851▲ $2,058
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,145,123$1,215,233▲ $70,110
Net Assets With Donor Restrictions$122,333$302,997▲ $180,664
Total Net Assets Fund Balance$1,267,456$1,518,230▲ $250,774
Total Liabilities and Net Assets / Fund Balance$1,291,249$1,544,081▲ $252,832

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2019$77,283$170,000▲ $27,718-$262,997
2018$82,807-▼ $3,861-$77,033
2017$73,945-▲ $10,108-$82,807
2016$69,557-▲ $5,519-$73,945
Compensation and Service Providers

Board Members and Trustees

NameTitle
Dr Jan BellowsPresident
Dr Barden GreenfieldVice President
Dr Boaz ArziDirector
Dr David ClarkeDirector
Dr Kathy QueckDirector
Mr Andrew SchultzDirector
Ms Carol WeldinDirector
CHRIS DANIELMatrixAMCExecutive Director
Dr Susan CrowderSecretary
Dr Curt CoffmanTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
MatrixAMC IncMgmnt, Admin, Public Rel1404 N MAIN ST, Meridian, ID 83642$217,836
Revenue and Support

Revenue Composition

Contributions and Grants
$214,828
Program Service Revenue
$903,058
Investment Income
$35,470
Other Revenue
$29,031
All Other Contributions
$214,828
Change in Net Assets
$203,082
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$942,345
Total Fundraising Expense$51,833
Grants and Similar Amounts Paid$36,960
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Conferences and Meetings$531,877-$27,994$559,871
Fees for Services Management$108,246$57,731$14,433$180,410
Fees for Services Other$66,422--$66,422
Grants to Domestic Orgs$20,000--$20,000
Grants to Domestic Individuals$16,960--$16,960
Fees for Services Legal-$12,912-$12,912
All Other Expenses$5,460$5,321-$10,781
Other Expenses$21,603$1,335$9,327$9,327
Fees for Service Investment Mgmnt Fees-$4,983-$4,983
Office Expenses$501$2,837$79$3,417
Information Technology$627$2,507-$3,134
Fees for Services Accounting-$2,150-$2,150
Total Functional Expenses$837,696$89,776$51,833$979,305
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
University of CaliforniaDavis, CA-Improve Dental Care to Animals$10,000
Veterinary Dental ServicesBoxborough, MA-Research$10,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-EXDIR OWN35%Mgmt, Svcs, Etc.No$217,836

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

Executive Director receives 990 and reviews with treasurer.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

Members are required to disclose conflicts. Disclosure forms are kept on file for posterity.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

The Board of Directors evaluates and reviews the contract for the management company which includes the services of the executive director including review of comparability data and substantiation of the deliberation.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

No documents available to the public.

Filing and Contact Details

Filer

Filer Name
Foundation for Veterinary Dentistry
EIN
20-3032950
Phone
2083670071
Address
PO BOX 1311, MERIDIAN, ID 83680

Signing Officer

Name
Chris Daniel
Title
Executive Director
Signed
2020-09-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dr Jan Bellows
Formed
2007
Legal Domicile
Tn
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
67

Preparer

Firm
Crandall-Swenson PLLC
Address
1110 N Five Mile Rd, Boise, ID 83713
Preparer
Wendy K Clausen CPA
Phone
2083237655
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 2: New Services

Tuskegee University College of Veterinary Medicine was chosen as the pilot program for the RCDEC. The Regional Collaborative Dental Education Center (RCDEC) as way to leverage funding and resources to create dental education opportunities. This program was created to provide veterinary schools with inadequate dental education, resources and financial assistance from the FVD. This funding creates centers of learning at veterinary schools to improve dental education for their students, veterinary clinicians, and veterinary para-professionals from their region. By providing a "bootstrapping" grant through the FVD, these schools can rapidly improve their level of dental education for their students and maximize the impact of this dental education with career-long improvement in dental competency for each successive class of graduates. At the same time, the equipment purchased with this funding provided continuing education opportunities which also benefits local clinicians, and their staff members, to raise the bar of dental care standards in the region. The program is designed to be self-sustaining by creating a revenue stream from continuing education programs; utilizing the same FVD-funded equipment for educating regional clinicians and paraprofessionals. This income will be utilized to provide maintenance and new equipment purchases to sustain the student education program into the future.

Financial Statement Notes

Part V, Line 4: Intended uses of the endowment fund.

Scholarships and grants advancing veterinary dentistry

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