Liabilities / Assets
99th percentile
Higher debt load relative to assets than 99% of similar nonprofits.
Veterinary Innovation Council
990EZ • Fiscal year 2017 • EIN 47-5403026
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
5.32x
Liabilities / Revenue
99th percentile
Higher debt load relative to revenue than 99% of similar nonprofits.
Net Margin
16th percentile
Higher net margin than 16% of similar nonprofits.
Top Officer Pay
70th percentile
Higher top officer pay than 70% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
74th percentile
Faster asset growth than 74% of similar nonprofits.
Revenue Growth
98th percentile
Faster revenue growth than 98% of similar nonprofits.
Balance Sheet
Assets
Up$75,748
Up $10,821 (+17%) from 2016
Net Assets
Down-$326,871
Down $31,521 (-11%) from 2016
Liabilities
Up$402,619
Up $42,342 (+12%) from 2016
Revenue And Expenses
Revenue
Up$193,333
Up $114,569 (+145%) from 2016
Expenses
Down$224,854
Down $149,260 (-40%) from 2016
Net Income
Up-$31,521
Up $263,829 (+89%) from 2016
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Oct 1, 2016 to Sep 30, 2017
- Signed
- Jun 19, 2018
- Return Version
- 2016v3.0
- Gross Receipts
- $193,333
Mission and Program Overview
Mission
The Organization's mission is to convene the brightest minds in the veterinary profession and industry together to tackle innovation opportunities that lift up all animal health care segments including caregivers, academia, suppliers, and consumers.
Program Services
| Description | Grants | Expenses |
|---|---|---|
| The Veterinary Innovation Council (VIC) first convened at the NAVC Conference 2016 in Orlando, Florida in January, 2016. The VIC was formed to act as the first veterinary organization that works industry-wide to focus on positive change and push the envelope for innovative solutions across professional boundaries. The program currently assists practices with finding, and then implementing, Telehealth solutions. In addition, it gathers data to develop awareness of resources available, success stories and toolkits for implementation, and helps to clarify the legislation around Telehealth. It oversees the Veterinary Entrepreneurship Academy that focuses on partnerships between educational institutions, students, and startups. It also oversees the Veterinary Innovation Summit, a three day conference focused on veterinary innovation, which was conducted this year in collaboration with North American Veterinary Community, a related tax-exempt organization. The Summit provides education to interested individuals on innovations impacting the veterinary healthcare community. Part of this event also includes the recognition of selected students for their research and ideas for future innovations to improve animal care. | $0 | $0 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Thomas Bohn | Chair Of Board | - | $0 | - | - |
| Dr Charlotte Lacroix | Vice-Chair | - | $0 | - | - |
| Dr Doug Aspros | Secretary-Treasurer | - | $0 | - | - |
| Dr Daniel Aja | Director | - | $0 | - | - |
| Dr Andy Bane | Director (Began 02/2017) | - | $0 | - | - |
| Vincent Bradley | Director (Thru 02/2017) | - | $0 | - | - |
| Dr Gail Gibson | Director (Began 02/2017) | - | $0 | - | - |
| Dr Eleanor Green | Director | - | $0 | - | - |
| Steven Leder | Director | - | $0 | - | - |
| Dr James Lloyd | Director | - | $0 | - | - |
| Dr Ellen Lowery | Director | - | $0 | - | - |
| Dr Melinda Merck | Director (Thru 02/2017) | - | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- Veterinary Innovation Council
- EIN
- 47-5403026
- Phone
- 3522443716
- Address
- 5003 SW 41st Blvd, Gainesville, FL 32608
Signing Officer
- Name
- Gene O'Neill
- Title
- CFO
- Phone
- 3522443716
- Signed
- 2018-06-19
- Discuss with paid preparer
- Yes
Preparer
- Firm
- Batts Morrison Wales & Lee PA
- Address
- 801 North Orange Avenue Suite 800, Orlando, FL 32801
- Preparer
- Julia W James
- Phone
- 4077706000
Supplemental Narrative
Additional Explanations
Form 990-EZ, Part I, Line 10 - Grants and Similar Amounts Paid
“Activity Classification: See disclosure below. Grantee Name: Individual. Amount Given: 15,000.”
Form 990-EZ, Part I, Line 16 - Other Expenses
“Description: Marketing. Amount: 1,543. Description: Travel. Amount: 8,274. Description: Miscellaneous. Amount: 1,426. Description: Meetings. Amount: 12,923. Description: Dues & Memberships. Amount: 2,370. Total to Form 990-EZ, line 16: 26,536.”
Form 990-EZ, Part I, Line 10:
“Activity Classification: Program - Veterinary Entrepreneurship Academy Grantee Relationship: None Property Description: Cash Amount Given: $15,000 During the year, the Organization provided awards to selected students at its Veterinary Innovation Summit as part of its Veterinary Entrepreneurship Academy. Students submitted proposals to the Organization containing ideas for innovations in the veterinary profession and animal care field. The Organization selected three students to present their proposals at the Veterinary Innovation Summit educational event. The Organization granted the funds through an earmarked contribution to a related tax-exempt organization, which in turn dispersed the funds to the selected students as an administrative convenience to the Organization.”
Form 990-EZ, Part II, Line 24 - Other Assets
“Description: Trade Accounts Receivable. Beg. of Year Amount: 20,000. End of Year Amount: 22,097.”
Form 990-EZ, Part II, Line 26 - Other Liabilities
“Description: Accounts Payable. Beg. of Year Amount: 314,041. End of Year Amount: 402,619. Description: Deferred Income. Beg. of Year Amount: 46,236. End of Year Amount: 0.”
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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
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| IRS990EZ/PrimaryExemptPurposeTxt | 0 | The Organization's mission is to convene the brightest minds in the veterinary profession and industry together to tackle innovation opportunities that lift up all animal health care segments including caregivers, academia, suppliers, and consumers. |
| IRS990EZ/PrintingPublicationsPostageAmt | 0 | 1225 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | The Veterinary Innovation Council (VIC) first convened at the NAVC Conference 2016 in Orlando, Florida in January, 2016. The VIC was formed to act as the first veterinary organization that works industry-wide to focus on positive change and push the envelope for innovative solutions across professional boundaries. The program currently assists practices with finding, and then implementing, Telehealth solutions. In addition, it gathers data to develop awareness of resources available, success stories and toolkits for implementation, and helps to clarify the legislation around Telehealth. It oversees the Veterinary Entrepreneurship Academy that focuses on partnerships between educational institutions, students, and startups. It also oversees the Veterinary Innovation Summit, a three day conference focused on veterinary innovation, which was conducted this year in collaboration with North American Veterinary Community, a related tax-exempt organization. The Summit provides education to interested individuals on innovations impacting the veterinary healthcare community. Part of this event also includes the recognition of selected students for their research and ideas for future innovations to improve animal care. |
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| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 402619 |
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| IRS990EZ/TotalRevenueAmt | 0 | 193333 |
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| IRS990EZ/WebsiteAddressTxt | 0 | www.navc.com/veterinary-innovation-council |
| IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorNum | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1 | 0 | RESTRICTED |
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| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State | 0 | RESTRICTED |
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| IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt | 0 | RESTRICTED |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | Activity Classification: See disclosure below. Grantee Name: Individual. Amount Given: 15,000. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | Description: Marketing. Amount: 1,543. Description: Travel. Amount: 8,274. Description: Miscellaneous. Amount: 1,426. Description: Meetings. Amount: 12,923. Description: Dues & Memberships. Amount: 2,370. Total to Form 990-EZ, line 16: 26,536. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | Activity Classification: Program - Veterinary Entrepreneurship Academy Grantee Relationship: None Property Description: Cash Amount Given: $15,000 During the year, the Organization provided awards to selected students at its Veterinary Innovation Summit as part of its Veterinary Entrepreneurship Academy. Students submitted proposals to the Organization containing ideas for innovations in the veterinary profession and animal care field. The Organization selected three students to present their proposals at the Veterinary Innovation Summit educational event. The Organization granted the funds through an earmarked contribution to a related tax-exempt organization, which in turn dispersed the funds to the selected students as an administrative convenience to the Organization. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | Description: Trade Accounts Receivable. Beg. of Year Amount: 20,000. End of Year Amount: 22,097. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | Description: Accounts Payable. Beg. of Year Amount: 314,041. End of Year Amount: 402,619. Description: Deferred Income. Beg. of Year Amount: 46,236. End of Year Amount: 0. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Form 990-EZ, Part I, Line 10 - Grants and Similar Amounts Paid |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Form 990-EZ, Part I, Line 16 - Other Expenses |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Form 990-EZ, Part I, Line 10: |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | Form 990-EZ, Part II, Line 24 - Other Assets |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | Form 990-EZ, Part II, Line 26 - Other Liabilities |
| TransferPrsnlBnftContractsDecl/DeclarationDesc | 0 | The organization did not, during the year, receive any funds, directly,or indirectly, to pay premiums on a personal benefit contract.The organization, did not, during the year, pay any premiums, directly,or indirectly, on a personal benefit contract. |
| ReturnHeader/BuildTS | 0 | 2018-06-14 16:35:46Z |
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| ReturnHeader/FilingSecurityInformation/IPTm | 0 | 13:17:12 |
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| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 801 North Orange Avenue Suite 800 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | Orlando |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | FL |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 32801 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 4077706000 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2018-06-19 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | Julia W James |
| ReturnHeader/ReturnTs | 0 | 2018-07-11T17:47:05-05:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2016-10-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2017-09-30 |
| ReturnHeader/TaxYr | 0 | 2016 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2017 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $75,748
- Liabilities
- $402,619
- Net assets
- -$326,871
- Revenue
- $193,333
- Expenses
- $224,854
- Net income
- -$31,521