Better Business Bureau Report for
American Veterinary Medical Foundation

Better Business Bureau Report issued October 2011
Better Business Bureau Report expires October 2013


Does not meet one or more standards
This charity does not meet one or more of the 20 standards for Charity Accountability. Find out more...


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Charity Contact Information

Name: American Veterinary Medical Foundation
Address: 1931 N. Meacham Rd. Suite 100
  Schaumburg, IL 60173-4360
Phone: 800-248-2862
847-285-6691
Web Address: www.AVMF.org
Also known as:AVMF
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Better Business Bureau Comments

Year, State Incorporated: 1963, Illinois
Affiliates: None
Stated Purpose: To embrace and advance the well-being and medical care of animals.

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Evaluation Conclusions

               

American Veterinary Medical Foundation does not meet the following 2 Standards for Charity Accountability.

Standard 6: Board Policy on Effectiveness - Have a board policy of assessing, no less than every two years, the organization's performance and effectiveness and of determining future actions required to achieve its mission.

American Veterinary Medical Foundation does not meet this Standard because:

  • The board of directors does not have a written policy stating that, at least every two years, an appraisal be done assessing the organization’s performance and effectiveness and determining future actions required to achieve its mission.

Standard 7: Board Approval of Written Report on Effectiveness - Submit to the organization's governing body, for its approval, a written report that outlines the results of the aforementioned performance and effectiveness assessment and recommendations for future actions.

American Veterinary Medical Foundation does not meet this Standard because:

  • It has never completed an effectiveness assessment.
American Veterinary Medical Foundation meets the remaining 18 Standards for Charity Accountability.
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Programs

               

Research Support AVMA and Its Initiatives Humane Outreach and Animal Welfare Student Enhancement Public Awareness and Education

For the fiscal year ended December 31, 2010, American Veterinary Medical Foundation's program expenses were:

  
Scholarships-Pfizer Program 555,000
Indirect Program expenses 250,487
Disaster Relief and Response 225,041
Food Animal Veterinarian Debt Reduction 100,000
Aninal Studies 50,000
Other Scholarships and Grants 33,300
Other Direct Program Grants 27,115
Animal Shelter Assistance 15,000
Pet Wellness Coalition 12,909
Our Oath in Action 4,412
Total Program Expenses: $1,273,264
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Governance

               

Chief Executive : Michael Cathey, Executive Director
Compensation*:
 $129,095

Chair of the Board: Dr. Clark Fobian
Chair's Profession / Business Affiliation: Veterinarian

Board Size: 16

Paid Staff Size: 5

*Compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
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Fund Raising

               

Method(s) Used:

direct mail, invitations to fund raising events, grant proposals, internet, cause-related marketing, membership
Fund raising costs were 17% of related contributions. (Related contributions, which totaled $1,695,809, are donations received as a result of fund raising activities.)
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Tax Status

               

This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
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Financial

               

The following information is based on American Veterinary Medical Foundation's audited financial statements for the fiscal year ended December 31, 2010.

Source of Funds  
Donations 1,695,809
program service revenue 604,000
Investment income 47,968
Event registration income 40,625
Total Income $2,388,402


chart



Uses of Funds as a % of Total Expenses

Programs: 71%  Fund Raising: 16%  Administrative: 13% 

Total income   $2,388,402
  Program expenses $1,273,264
  Fund raising expenses 295,656
  Administrative expenses 232,420
 
Total expenses   $1,801,340
Income in Excess of Expenses   587,062
Beginning net assets   2,186,946
Ending net assets   2,774,008
Total liabilities   1,019,674
Total assets   $3,793,682


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An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the BBB Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the Council of Better Business Bureaus, Inc.

This report is not to be used for fund raising or promotional purposes.

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