Civic Intelligence

Iavma

990 • Fiscal year 2020 • EIN 46-3758028

Sep 01, 2019 to Aug 31, 2020 • Filed on May 21, 2022

40951 Grimmer BlvdFremont, CA 94538

(510) 754-3555

Siviq Scores

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

Liabilities / Assets

27th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

27th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Net Margin

90th percentile

52%

Higher net margin than 90% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

51st percentile

$0

Higher top officer pay than 51% of similar nonprofits.

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

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Asset Growth

70th percentile

22%

Faster asset growth than 70% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

55th percentile

2.2%

Faster revenue growth than 55% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Assets

Up

$808,669

Up $147,273 (+22%) from 2019

Net Assets

Up

$808,669

Up $147,273 (+22%) from 2019

Liabilities

Flat

$0

Flat from 2019

Revenue

Up

$283,090

Up $5,976 (+2.2%) from 2019

Expenses

Down

$135,817

Down $107 (-0.1%) from 2019

Net Income

Up

$147,273

Up $6,083 (+4.3%) from 2019

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0Assets 2016: $86,929Liabilities 2016: $02016Assets 2019: $661,396Liabilities 2019: $0Net Assets 2019: $661,3962019Assets 2020: $808,669Liabilities 2020: $0Net Assets 2020: $808,6692020Assets 2021: $732,010Liabilities 2021: $0Net Assets 2021: $732,0102021Assets 2022: $467,503Liabilities 2022: $0Net Assets 2022: $467,5032022Assets 2023: $383,336Liabilities 2023: $0Net Assets 2023: $383,3362023Assets 2024: $113,080Liabilities 2024: $6,892Net Assets 2024: $106,1882024Assets 2025: $0Liabilities 2025: $0Net Assets 2025: $02025

Highlighted filing

2020

Assets$808,669
Liabilities$0
Net Assets$808,669

Operations Trend

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

$400K$200K$0-$200K-$400KRevenue 2016: $41,076Expenses 2016: $24,837Net Income 2016: $16,2392016Revenue 2019: $277,114Expenses 2019: $135,924Net Income 2019: $141,1902019Revenue 2020: $283,090Expenses 2020: $135,817Net Income 2020: $147,2732020Revenue 2021: $40,731Expenses 2021: $117,390Net Income 2021: -$76,6592021Revenue 2022: $48,535Expenses 2022: $313,042Net Income 2022: -$264,5072022Revenue 2023: $37,459Expenses 2023: $121,626Net Income 2023: -$84,1672023Revenue 2024: $45,330Expenses 2024: $322,478Net Income 2024: -$277,1482024Revenue 2025: $48,707Expenses 2025: $154,895Net Income 2025: -$106,1882025

Highlighted filing

2020

Revenue$283,090
Expenses$135,817
Net Income$147,273
Jump To
Filing Snapshot
Filing Period
Sep 1, 2019 to Aug 31, 2020
Signed
May 21, 2022
Return Version
2019v5.0
Gross Receipts
$283,090
Mission and Program Overview

Mission

Iavma is a non-profit organization of progressive veterinarians in north america. Its purpose is to provide education regarding and encourage the maintenance of high standards in the field of veterinary medicine.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$644,108$791,377▲ $147,269
Savings and Temporary Cash Investments$17,288$17,292▲ $4
Total Assets$661,396$808,669▲ $147,273
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$661,396$808,669▲ $147,273
Total Net Assets Fund Balance$661,396$808,669▲ $147,273
Total Liabilities and Net Assets / Fund Balance$661,396$808,669▲ $147,273

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings-$3,422$3,422
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$46,503
Program Service Revenue
$0
Investment Income
$3
Other Revenue
$236,584
All Other Contributions
$10,000
Change in Net Assets
$147,273
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$99,317
Grants and Similar Amounts Paid$36,500
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Conferences and Meetings$62,141--$62,141
Grants to Domestic Orgs$36,500--$36,500
Fees for Services Accounting-$19,082-$19,082
Fees for Services Legal-$15,093-$15,093
Insurance-$2,208-$2,208
Information Technology-$534-$534
Advertising$105--$105
Office Expenses-$89-$89
Other Expenses$65--$65
Total Functional Expenses$98,811$37,006$0$135,817
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
SahaitaFremont, CA501c3Medical Education$20,000
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

The return will be provided to the board prior to filing

Form 990, Page 6, Part VI, Line 19

Upon request, a copy will be provided.

Form 990, Part VIII

During the 2018 tax year, iavma entered into a distribution agreement (the "agreement") with an organization (the "organization") that provides revenue to iavma based upon amounts iavma members spend on the organization's services and products (the "referral income"). The net income from the agreement constitutes unrelated business taxable income ("ubti"), which is being reported on its form 990-t. When iavma entered into the agreement, it was not aware that the income would constitute ubti. As soon as iavma was made aware that the income was ubti, it sought the advice of counsel in orer to properly report the ubti and ensure compliance with treasury regulations pertaining to unrelated trade or business activity and ubtil. Iavma is now in the process of restructuring the agreement so that it reduces or eleiminates the incidence of ubti.

Filing and Contact Details

Filer

Filer Name
Iavma
EIN
46-3758028
Phone
5107543555
Address
40951 GRIMMER BLVD, FREMONT, CA 94538

Signing Officer

Name
Dr Kanwaljit Mann
Title
President
Phone
5107543555
Signed
2022-05-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dr Kanwaljit Mann
Formed
2013
Legal Domicile
CA
Voting Board Members
10
Independent Board Members
10
Employees
0
Volunteers
150

Preparer

Firm
Jr Martin & Associates
Address
1910 MARKET ST STE C, REDDING, CA 96001-1928
Preparer
Juli R Martin CPA
Phone
5302291301
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE RETURN WILL BE PROVIDED TO THE BOARD PRIOR TO FILING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1UPON REQUEST, A COPY WILL BE PROVIDED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DURING THE 2018 TAX YEAR, IAVMA ENTERED INTO A DISTRIBUTION AGREEMENT (THE "AGREEMENT") WITH AN ORGANIZATION (THE "ORGANIZATION") THAT PROVIDES REVENUE TO IAVMA BASED UPON AMOUNTS IAVMA MEMBERS SPEND ON THE ORGANIZATION'S SERVICES AND PRODUCTS (THE "REFERRAL INCOME"). THE NET INCOME FROM THE AGREEMENT CONSTITUTES UNRELATED BUSINESS TAXABLE INCOME ("UBTI"), WHICH IS BEING REPORTED ON ITS FORM 990-T. WHEN IAVMA ENTERED INTO THE AGREEMENT, IT WAS NOT AWARE THAT THE INCOME WOULD CONSTITUTE UBTI. AS SOON AS IAVMA WAS MADE AWARE THAT THE INCOME WAS UBTI, IT SOUGHT THE ADVICE OF COUNSEL IN ORER TO PROPERLY REPORT THE UBTI AND ENSURE COMPLIANCE WITH TREASURY REGULATIONS PERTAINING TO UNRELATED TRADE OR BUSINESS ACTIVITY AND UBTIL. IAVMA IS NOW IN THE PROCESS OF RESTRUCTURING THE AGREEMENT SO THAT IT REDUCES OR ELEIMINATES THE INCIDENCE OF UBTI.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VIII
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0661396
IRS990/TotalAssetsEOYAmt0808669
IRS990/TotalAssetsGrp/BOYAmt0661396
IRS990/TotalAssetsGrp/EOYAmt0808669
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt046503
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt037006
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt098811
IRS990/TotalFunctionalExpensesGrp/TotalAmt0135817
IRS990/TotalGrossUBIAmt0236584
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0661396
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0808669
IRS990/TotalProgramServiceExpensesAmt098811
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt03
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0283090
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt0236584
IRS990/TotalVolunteersCnt0150
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0661396
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0808669
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0true
IRS990/USAddress/AddressLine1Txt040951 GRIMMER BLVD
IRS990/USAddress/CityNm0FREMONT
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd094538
IRS990/VotingMembersGoverningBodyCnt010
IRS990/VotingMembersIndependentCnt010
IRS990/WebsiteAddressTxt0WWW.IAVMA.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0DR KANWALJIT MANN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum05107543555
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-05-21
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0IAVMA
ReturnHeader/Filer/BusinessNameControlTxt0IAVM
ReturnHeader/Filer/EIN0463758028
ReturnHeader/Filer/PhoneNum05107543555
ReturnHeader/Filer/USAddress/AddressLine1Txt040951 GRIMMER BLVD
ReturnHeader/Filer/USAddress/CityNm0FREMONT
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd094538
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0JR MARTIN & ASSOCIATES
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01910 MARKET ST STE C
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0REDDING
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0960011928
ReturnHeader/PreparerPersonGrp/PhoneNum05302291301
ReturnHeader/PreparerPersonGrp/PreparationDt02022-05-19
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JULI R MARTIN CPA
ReturnHeader/ReturnTs02022-05-19T15:51:51-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-09-01
ReturnHeader/TaxPeriodEndDt02020-08-31
ReturnHeader/TaxYr02019

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