Eastern States Veterinary Association Inc.

“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 has adopted an executive compensation setting policy applicable to all disqualified persons, including the Organization's 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. Due to growth in the Organization over recent years, the Organization has continued to increase hiring of management-level employees during the tax year. The Organization also increased the salary of existing management-level employees to compensate these individuals for additional responsibilities resulting from the Organization's recent growth and to provide salary levels which are comparable to similar positions in other veterinary not-for-profit organizations, as suggested by comparability data obtained by the Organization.”

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

“The net loss reported at Form 990, Part VIII, Line 11c is the Organization's share of the net loss generated by the VetFolio, LLC activity for the tax year. The Organization established VetFolio, LLC in partnership with the American Animal Hospital Association, an unrelated tax-exempt organization, for the purpose of conducting activities that support the veterinary profession by providing resources, training, and other support to individuals in the profession. The activities of VetFolio, LLC are conducted in furtherance of the Organization's exempt educational activities, and therefore the net loss from VetFolio, LLC is considered to be program service revenue of the Organization.”

“Doing Business As: North American Veterinary Community”

“The Organization's contribution revenue consists primarily of non-cash contributions of medical supplies and qualified sponsorships received in connection with its program activities. There are no significant fundraising expenses associated with the generation of these contributions or qualified sponsorship revenues due to the unique nature of the contribution revenue.”

“Change in FMV of interest rate swap contract 5,717. Book-tax difference for VetFolio investment 37,670.”

“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.”