Civic Intelligence

American Association of Equine Practitioners

EIN 84-6035908 • 501(c)6 • Lexington, KY

Profile

To improve the health and welfare of the horse, to further the professional development of its members, and to provide resources and leadership for the benefit of the equine industry

4033 Iron Works ParkwayLexington, KY 40511

www.aaep.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

64th percentile

0.31x

Higher debt load relative to assets than 64% of similar nonprofits.

501(c)6 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

61st percentile

0.39x

Higher debt load relative to revenue than 61% of similar nonprofits.

501(c)6 • $5M-$10M nonprofits • Source year 2024

Net Margin

51st percentile

4.9%

Higher net margin than 51% of similar nonprofits.

501(c)6 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

73rd percentile

$392,166

Higher top officer pay than 73% of similar nonprofits.

Top officer pay equals 5.1% of source-year revenue.

501(c)6 • $5M-$10M nonprofits • Source year 2024

Asset Growth

29th percentile

0.0%

Faster asset growth than 29% of similar nonprofits.

501(c)6 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

29th percentile

0.0%

Faster revenue growth than 29% of similar nonprofits.

501(c)6 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Assets

Flat

$9,777,172

Flat from 2023

Liabilities

Flat

$3,035,703

Flat from 2023

Net Assets

Flat

$6,741,469

Flat from 2023

Revenue

Flat

$7,758,128

Flat from 2023

Expenses

Flat

$7,378,865

Flat from 2023

Net Income

Flat

$379,263

Flat from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$10M$5.0M$0Assets 2010: $4,816,950Liabilities 2010: $1,542,853Net Assets 2010: $3,274,0972010Assets 2011: $4,658,553Liabilities 2011: $1,174,113Net Assets 2011: $3,484,4402011Assets 2012: $5,292,109Liabilities 2012: $1,505,699Net Assets 2012: $3,786,4102012Assets 2013: $6,297,174Liabilities 2013: $2,034,322Net Assets 2013: $4,262,8522013Assets 2014: $6,914,917Liabilities 2014: $2,350,243Net Assets 2014: $4,564,6742014Assets 2015: $7,404,449Liabilities 2015: $2,588,616Net Assets 2015: $4,815,8332015Assets 2016: $6,824,468Liabilities 2016: $1,816,790Net Assets 2016: $5,007,6782016Assets 2017: $6,853,262Liabilities 2017: $1,323,469Net Assets 2017: $5,529,7932017Assets 2018: $7,771,873Liabilities 2018: $2,423,962Net Assets 2018: $5,347,9112018Assets 2019: $8,338,438Liabilities 2019: $2,382,492Net Assets 2019: $5,955,9462019Assets 2020: $6,806,534Liabilities 2020: $1,217,459Net Assets 2020: $5,589,0752020Assets 2021: $9,067,473Liabilities 2021: $3,158,081Net Assets 2021: $5,909,3922021Assets 2022: $8,765,231Liabilities 2022: $2,916,689Net Assets 2022: $5,848,5422022Assets 2023: $9,777,172Liabilities 2023: $3,035,703Net Assets 2023: $6,741,4692023Assets 2024: $9,777,172Liabilities 2024: $3,035,703Net Assets 2024: $6,741,4692024

Highlighted filing

2024

Assets$9,777,172
Liabilities$3,035,703
Net Assets$6,741,469

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$8.0M$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $5,205,2892010Expenses 2011: $5,379,1812011Revenue 2012: $5,895,393Expenses 2012: $5,583,067Net Income 2012: $312,3262012Revenue 2013: $5,925,521Expenses 2013: $5,551,261Net Income 2013: $374,2602013Revenue 2014: $5,548,147Expenses 2014: $5,249,194Net Income 2014: $298,9532014Revenue 2015: $6,834,181Expenses 2015: $6,416,560Net Income 2015: $417,6212015Revenue 2016: $6,193,940Expenses 2016: $6,052,628Net Income 2016: $141,3122016Revenue 2017: $6,504,550Expenses 2017: $6,198,760Net Income 2017: $305,7902017Revenue 2018: $7,059,337Expenses 2018: $6,886,347Net Income 2018: $172,9902018Revenue 2019: $6,898,569Expenses 2019: $6,588,656Net Income 2019: $309,9132019Revenue 2020: $1,748,030Expenses 2020: $1,987,073Net Income 2020: -$239,0432020Revenue 2021: $4,147,111Expenses 2021: $4,238,967Net Income 2021: -$91,8562021Revenue 2022: $7,398,673Expenses 2022: $6,877,542Net Income 2022: $521,1312022Revenue 2023: $7,758,128Expenses 2023: $7,378,865Net Income 2023: $379,2632023Revenue 2024: $7,758,128Expenses 2024: $7,378,865Net Income 2024: $379,2632024

Highlighted filing

2024

Revenue$7,758,128
Expenses$7,378,865
Net Income$379,263

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.78$3.04$6.74$7.76$7.38$0.38
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.78$3.04$6.74$7.76$7.38$0.38
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.77$2.92$5.85$7.40$6.88$0.52
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.07$3.16$5.91$4.15$4.24$0.09
2020Summary only. Only limited summary data is available for this year.$6.81$1.22$5.59$1.75$1.99$0.24
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.34$2.38$5.96$6.90$6.59$0.31
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.77$2.42$5.35$7.06$6.89$0.17
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.85$1.32$5.53$6.50$6.20$0.31
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.82$1.82$5.01$6.19$6.05$0.14
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.40$2.59$4.82$6.83$6.42$0.42
2014Detailed filing. Detailed filing data is available for this year.$6.91$2.35$4.56$5.55$5.25$0.30
2013Summary only. Only limited summary data is available for this year.$6.30$2.03$4.26$5.93$5.55$0.37
2012Summary only. Only limited summary data is available for this year.$5.29$1.51$3.79$5.90$5.58$0.31
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.66$1.17$3.48$5.38
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.82$1.54$3.27$5.21
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Jul 1, 2025
Return Version
2023v6.0
Gross Receipts
$7,758,128
Mission and Program Overview

Mission

To improve the health and welfare of the horse, to further the professional development of its members, and to provide resources and leadership for the benefit of the equine industry

To aid, sponsor, promote, and contribute to education in the furtherance of the treatment, care and welfare of the horse

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$2,999,664$3,322,908▲ $323,244
Land, Buildings, and Equipment, Net$2,646,922$2,696,811▲ $49,889
Savings and Temporary Cash Investments$1,888,583$2,021,562▲ $132,979
Accounts Receivable$1,327,185$1,487,423▲ $160,238
Prepaid Expenses and Deferred Charges$143,359$162,542▲ $19,183
Cash and Non-Interest-Bearing Accounts$48,097$528▼ $47,569
Total Assets$9,220,127$9,777,172▲ $557,045
Other Assets Total$166,317$85,398▼ $80,919
Liabilities
Deferred Revenue$3,044,364$2,989,310▼ $55,054
Accounts Payable and Accrued Expenses$63,167$46,393▼ $16,774
Total Liabilities$3,107,531$3,035,703▼ $71,828
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$6,092,596$6,721,469▲ $628,873
Net Assets With Donor Restrictions$20,000$20,000→ $0
Total Net Assets Fund Balance$6,112,596$6,741,469▲ $628,873
Total Liabilities and Net Assets / Fund Balance$9,220,127$9,777,172▲ $557,045

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,492,831$605,365$3,098,196
Equipment$163,205$800,000$963,205
Other Land Buildings$40,775$280,000$320,775
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
David FoleyExecutive DirectorFT$339,933$52,233$392,166
Lori RawlsDirector of Finance and OperationsFT$147,237$24,207$171,444
Sally BakerDirector of MarketingFT$136,474$32,317$168,791
Kieth KleineDirector of Industry RelationsFT$140,518$17,335$157,853
Nick AltwiesDirector of MembershipFT$110,405$22,882$133,287

Board Members and Trustees

NameTitle
Robert P FranklinImmediate Past President
Katherine GarrettPresident
Tracy TurnerPresident Elect
Sarah RuessVice President
Elisabeth CharlesDirector
Eric MuellerDirector
Erin ContinoDirector
Jackie ChristakosDirector
Raul BrasDirector
Sara LangsamDirector
Tegan EastonDirector
Mitchell RodeTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$7,301,219
Investment Income
$173,936
Other Revenue
$282,973
Change in Net Assets
$379,263
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$5,053,038
Salaries, Compensation, and Employee Benefits$2,302,952
Total Fundraising Expense$345,073
Grants and Similar Amounts Paid$22,875
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Conferences and Meetings$2,745,980--$2,745,980
Other Salaries and Wages$971,368$215,228$66,483$1,253,079
Other Employee Benefits$275,995$106,152$42,462$424,609
Current Officers, Directors, Trustees, and Key Employees$98,042$196,083$98,042$392,167
Travel$210,930$81,127$32,450$324,507
Information Technology$156,082$60,032$24,013$240,127
All Other Expenses$148,782$20,241$8,095$177,118
Payroll Taxes$93,782$36,070$14,428$144,280
Other Expenses$129,998$65,119$26,048$129,998
Depreciation Depletion$77,339$29,746$11,898$118,983
Pension Plan Contributions$57,731$22,204$8,882$88,817
Occupancy$50,472$19,412$7,765$77,649
Office Expenses$29,297$11,268$4,507$45,072
Fees for Services Legal-$23,832-$23,832
Grants to Domestic Orgs$22,875--$22,875
Fees for Service Investment Mgmnt Fees-$20,230-$20,230
Insurance-$11,644-$11,644
Fees for Services Accounting-$7,500-$7,500
Total Functional Expenses$6,107,904$925,888$345,073$7,378,865
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
American Horse Council IncWashington, DC501(c)(6)Grant to Further Equine Promotion$12,875
Racing Medication and Testing ConsortiumLexington, KY501(c)(3)Grant to Further Equine Promotion$10,000

International Summary

Offices
0
Employees
0
Spending
$154,796

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
Central America and the CaribbeanProgram ServicesContinuing Education Seminar00$154,796
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
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
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
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

The organization has members composed of individuals from the equine industry.

Form 990, Part VI, Section A, Line 7A

All members have equal voice in electing governing representatives.

Form 990, Part VI, Section A, Line 7B

All members have the right to vote on bylaw changes at the annual meeting.

Form 990, Part VI, Section A, Line 8B

Minutes of committee meetings were noted within the governing body meeting minutes.

Form 990, Part VI, Section B, Line 11B

Form 990 is reviewed by the executive director and the director of finance and operations prior to filing with the irs.

Form 990, Part VI, Section B, Line 12C

Conflict of interest policies are reviewed with board members at the annual meeting.

Form 990, Part VI, Section B, Line 15A

Executive director compensation is reviewed by a committee which uses a compensation study. The committee makes a recommendation to the executive committee which is then sent to the board president for approval.

Form 990, Part VI, Section C, Line 19

Governing documents are published in the membership directory. Conflict of interest policy and financial statements are made available upon request.

Filing and Contact Details

Filer

Filer Name
American Association of Equine
EIN
84-6035908
Phone
8592330147
Address
4033 IRON WORKS PARKWAY, LEXINGTON, KY 40511

Signing Officer

Name
David L Foley
Title
Executive Director
Phone
8592330147
Signed
2025-07-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David L Foley
Formed
1954
Legal Domicile
Il
Voting Board Members
12
Independent Board Members
12
Employees
23
Volunteers
500

Preparer

Firm
Blue & Co LLC
Address
250 WEST MAIN STREET SUITE 2900, LEXINGTON, KY 40507
Preparer
Richard C Shields
Phone
8592531100
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E

Membership expenses: program service expenses 53,206. Management and general expenses 0. Fundraising expenses 0. Total expenses 53,206. Committees and task forces: program service expenses 31,075. Management and general expenses 11,952. Fundraising expenses 4,780. Total expenses 47,807. Apparel and soft goods: program service expenses 32,541. Management and general expenses 0. Fundraising expenses 0. Total expenses 32,541. Miscellaneous expense: program service expenses 14,118. Management and general expenses 5,430. Fundraising expenses 2,172. Total expenses 21,720. On-call program: program service expenses 10,409. Management and general expenses 0. Fundraising expenses 0. Total expenses 10,409. Equipment rental: program service expenses 4,986. Management and general expenses 1,918. Fundraising expenses 767. Total expenses 7,671. Dues and subscriptions: program service expenses 2,447. Management and general expenses 941. Fundraising expenses 376. Total expenses 3,764.

Form 990, Part XII, Line 2C

The finance committee assumes responsibility for review of the financial statements and selection of the independent accountant. The process has not changed from the prior year.

Form 990, Box B, Amended Return

The return has been amended to correct the reporting year. Due to an oversight, the previously filed return reflected a calendar year. The corrected return reflects a fiscal year from july 1, 2023 to june 30, 2024 which is consistent with prior years. There were no other changes from the initially filed return.

Financial Statement Notes

PART X, LINE 2:

Accounting principles generally accepted in the united states of america require management to evaluate tax positions taken by the organization and recognize a tax liability if the organization has taken an uncertain position that more likely than not would not be sustained upon examination by various federal and state taxing authorities. Management has analyzed the tax positions taken by the organization, and has concluded that as of june 30, 2024 there are no uncertain positions taken or expected to be taken that would require recognition of a liability or disclosure in the accompanying financial statements. The organization is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress.

Raw XML AppendixShowing 400 of 683 raw XML fields

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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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1622882
IRS990/Form990PartVIISectionAGrp/PersonNm0KATHERINE GARRETT
IRS990/Form990PartVIISectionAGrp/PersonNm1TRACY TURNER
IRS990/Form990PartVIISectionAGrp/PersonNm2SARAH RUESS
IRS990/Form990PartVIISectionAGrp/PersonNm3MITCHELL RODE
IRS990/Form990PartVIISectionAGrp/PersonNm4ROBERT P FRANKLIN
IRS990/Form990PartVIISectionAGrp/PersonNm5TEGAN EASTON
IRS990/Form990PartVIISectionAGrp/PersonNm6ERIC MUELLER
IRS990/Form990PartVIISectionAGrp/PersonNm7RAUL BRAS
IRS990/Form990PartVIISectionAGrp/PersonNm8ERIN CONTINO
IRS990/Form990PartVIISectionAGrp/PersonNm9ELISABETH CHARLES
IRS990/Form990PartVIISectionAGrp/PersonNm10JACKIE CHRISTAKOS
IRS990/Form990PartVIISectionAGrp/PersonNm11SARA LANGSAM
IRS990/Form990PartVIISectionAGrp/PersonNm12DAVID FOLEY
IRS990/Form990PartVIISectionAGrp/PersonNm13LORI RAWLS
IRS990/Form990PartVIISectionAGrp/PersonNm14SALLY BAKER
IRS990/Form990PartVIISectionAGrp/PersonNm15KIETH KLEINE
IRS990/Form990PartVIISectionAGrp/PersonNm16NICK ALTWIES
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1PRESIDENT ELECT
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4IMMEDIATE PAST PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12EXECUTIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR OF FINANCE AND OPERATIONS
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR OF MARKETING
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR OF INDUSTRY RELATIONS
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR OF MEMBERSHIP
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IRS990/GrantsToOrganizationsInd01
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IRS990/IncludeFIN48FootnoteInd01
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IRS990/MissionDesc0TO IMPROVE THE HEALTH AND WELFARE OF THE HORSE, TO FURTHER THE PROFESSIONAL DEVELOPMENT OF ITS MEMBERS, AND TO PROVIDE RESOURCES AND LEADERSHIP FOR THE BENEFIT OF THE EQUINE INDUSTRY.
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IRS990/OtherExpensesGrp/Desc0PUBLICATIONS
IRS990/OtherExpensesGrp/Desc1STATEGIC PLANNING
IRS990/OtherExpensesGrp/Desc2CREDIT CARD FEES
IRS990/OtherExpensesGrp/Desc3STUDENT PROGRAMS
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IRS990/OtherRevenueMiscGrp/BusinessCd0541800
IRS990/OtherRevenueMiscGrp/Desc0PERIODICAL ADVERTISING
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IRS990/ProgramServiceRevenueGrp/Desc0ANNUAL CONVENTION
IRS990/ProgramServiceRevenueGrp/Desc1MEMBERSHIP DUES
IRS990/ProgramServiceRevenueGrp/Desc2SPONSORSHIP INCOME
IRS990/ProgramServiceRevenueGrp/Desc3ANNUAL SEMINAR
IRS990/ProgramServiceRevenueGrp/Desc4JOB LISTINGS
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt11972142
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2664000
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt4209666
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt11972142
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt4209666
IRS990/ProgSrvcAccomActy2Grp/Desc0AAEP WORKS TO IMPROVE UPON THE CURRENT EQUINE PRACTICE MODEL IN AN EFFORT TO IMPROVE THE PRACTICE LIFE OF ITS MEMBERS AND RETENTION WITHIN THE PROFESSION. AAEP PROVIDES INNOVATION AND IMPROVEMENTS IN ITS CONTINUING EDUCATION OFFERS TO MEMBERS. EDUCATION IS MEMBERSHIP-DRIVEN AND FOCUSED ON PROVIDING EDUCATION ON TIMELY TOPICS AND ENHANCING THE MEMBER EXPERIENCE.AAEP STRIVES TO IMPROVE EQUINE WELFARE, PARTICULARLY WITH THE RACING AND PERFORMANCE HORSE SECTORS, THROUGH EDUCATION AND ADVOCACY OF APPROPRIATE BUSINESS AND ETHICAL MODELS OF PRACTICE, ENHANCED COMMUNICATIONS AMONGST MEMBERS AND THEIR CLIENTS, AS WELL AS BETWEEN THE ASSOCIATION AND INDUSTRY STAKEHOLDERS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt02634679
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt02878016
IRS990/ProgSrvcAccomActy3Grp/Desc0THE ORGANIZATION PROVIDES PUBLICATIONS, SUCH AS THE ANNUAL CONVENTION PROCEEDINGS BOOK AND MONTHLY VETERINARY SCIENTIFIC JOURNALS, TO MEMBERS TO FURTHER THE KNOWLEDGE OF VETERINARY PRACTICE.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0727245
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt0165998
IRS990/ProhibitedTaxShelterTransInd00
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IRS990/SavingsAndTempCashInvstGrp/EOYAmt02021562
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt02492831

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