Veterinary Innovation Council

“The Organization's top management official and top financial official each review the Form 990 prior to its filing with the IRS. A copy of the final Form 990 is also provided to the voting members of the Organization's governing body prior to its filing with the IRS.”

“The Organization's conflict of interest policy is distributed to each member of the Organization's governing body, its officers and its key employees on an annual basis. Each such individual provides an annual disclosure statement indicating that they have received, read, understood and agreed to comply with the policy, certifying that: (1) they have no relationships or interests that present a conflict of interest, (2) they have one or more conflicts of interest that have been fully disclosed as required by the policy and have been properly administered in conformity with the policy, or (3) they have previously undisclosed conflicts of interest and disclosing the details of such conflicts. Any disclosure statements with previously undisclosed conflicts of interest are forwarded to appropriate Organization officials to take appropriate actions as required by the policy.”

“The Organization does not pay any direct salaries, and therefore does not have a process for determining compensation as outlined in Form 990, Part VI, Section B, Line 15. The salaries reported in Form 990, Part VII were paid by a related organization, North American Veterinary Community ("NAVC"), which has adopted an executive compensation setting policy applicable to its CEO, officers, and key employees. Under the policy, an independent committee of the Board of Directors annually reviews and approves the compensation levels of all individuals subject to the policy. The deliberations and decisions of the committee are contemporaneously substantiated. The committee utilizes comparability data in its deliberations, including Forms 990 of comparable organizations and other available compensation surveys and studies from independent outside organizations. The Organization reimburses NAVC for the cost of certain employee time spent managing the Organization's activities.”

“The Organization provides, upon request, copies of its Articles of Incorporation, bylaws, conflict of interest policy, and its financial statements.”

“Other Professional 106,857.”

“The Organization's Board of Directors, or a committee thereof, assumes responsibility for the oversight of the audit of its financial statements and the selection of an independent accountant. This process has not changed from the prior year.”

“Services are provided to the Organization by the employees of a related tax-exempt organization. In a previous tax year, an intercompany payable was recognized from the Organization to the related organization for the cost of employee time devoted to the activities of the Organization. During the tax year, the related organization forgave the intercompany payable amount. The cost of this employee time which was donated from the related organization to the Organization has been reported as a donated service at Part XI, Line 6.”