Florida Veterinary Medicine Faculty

“Part vi, section b, line 15 - compensation the top management official and officers of the organization are not employees of the organization, but of the university of florida. Their compensation is determined by the university of florida.”

“A detailed review of the final form 990 is conducted by the fiscal personnel and the treasurer of the board of directors. A final copy of the form 990 is emailed to all board members for review.”

“Florida veterinary medicine faculty association, inc. Requires all board members, officers and key employees to disclose interests that could give rise to conflicts pursuant to the university of florida's policy and procedures. Florida veterinary medicine faculty association, inc. Regularly and consistently monitors and enforces compliance with this policy. If a conflict arises, that person shall generally be recused from participating in an action involving that subject matter.”

“The organization makes its governing documents, conflict of interest policy and financial statements available to the public upon request.”

“Part vii, section a see additional information included on schedule j regarding the defined benefit plan.”

“The corporation is organized exclusively to support the service, teaching and research mission and goals of the university of florida and its j. Hillis miller health science center and the college of veterinary medicine, all as determined by the university of florida board of trustees, and it shall be operated exclusively for charitable, scientific and educational purposes and not for pecuniary profit.”

“Part x, line 2 in november 2014, the association signed a memorandum of understanding (mou) with the university of florida in which the association agrees to deposit its excess cash and investments into the universitys strategic fund. The university manages and invests these monies for the benefit of the strategic fund. All earnings, losses, and associated investment management fees are retained by the university. The university intends to repay the amounts deposited to the association, therefore, the association recorded a due from the universitys strategic fund of 9,500,000 as of june 30, 2022. Any withdrawal of monies under 10 million have same day accessibility, while withdrawals over 10 million require written notice of at least two working days.”