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Nonprofit · EIN 42-6079040

IOWA-VETERINARY MEDICAL ASSOCIATION FOUNDATION

Tax-exempt · ANKENY, IA 50023

Financials

$116K$79K2023$116K$82K2024
Revenue Expenses · by fiscal year end
Financials of IOWA-VETERINARY MEDICAL ASSOCIATION FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990-EZ$116,206$82,395$33,811$448,682–$448,682
December 31, 2023990-EZ$115,845$78,763$37,082$414,871$0$414,871
Financial details: 990-EZ for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$38,169
Program service revenue
$0
Investment income
$18,497
Net gain from sales of assets
$49,220
Net income from fundraising events
$10,320

Expenses

Grants and similar amounts paid
$77,500
Compensation of officers, directors and key employees
$0
Professional fees and payments to contractors
$1,800
Other expenses
$3,095
Program services (functional)
$77,500

Balance sheet and other

Total assets, start of year
$414,871
Total assets, end of year
$448,682
Total liabilities, end of year
–
Net assets, end of year
$448,682
Cash, savings and investments
$447,332
Gross receipts
$172,047

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990-EZ for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
DR DAVID LARSONPRESIDENT1$0
DR ABBEY SMITHVICE PRESIDENT1$0
DR KIM VAN DRIELSECRETARY/TREASURER1$0
DR ROBERT FREESEBOARD MEMBER1$0
DR PATRICK SIMONSENBOARD MEMBER1$0
DR SCOTT CURRYBOARD MEMBER1$0
990-EZ for the year ended December 31, 2023: 7 people
NameTitleHours / weekCompensation
DR JARED DANIELSONDIRECTOR1$0
DR ROBERT FREESEDIRECTOR1$0
DR PATRICK SIMONSENDIRECTOR1$0
DR RANDY WHEELEREXECUTIVE DIRECTOR1$0
DR DAVID LARSONPRESIDENT1$0
DR KIM VAN DRIELSECRETARY/TREASURER1$0
DR ABBEY SMITHVICE PRESIDENT1$0

Address and contacts

Address (IRS master file)
1605 N ANKENY BLVD STE 100, ANKENY, IA 50023-4163
Signed the 990-EZ
RANDY WHEELER, EXECUTIVE DIRECTOR
Phone
(515) 965-9237
Return prepared by
Desmond CPA PLC

Mission

THE FOUNDATION PROMOTES THE ADVANCEMENT OF VETERINARY MEDICINE THROUGH RESEARCH AND EDUCATION

990-EZ for the year ended December 31, 2024

Program accomplishments

  • SCHOLARSHIP FUNDING AND FINANCIAL SUPPORT IS PROVIDEDBOTH TO IOWA STATE UNIVERSITY AND TO SELECTED INDIVIDUALSTUDENTS ATTENDING THE UNIVERSITYS SCHOOL OF VETERINARY MEDICINE.
    Expenses $77,500 · grants $77,500

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990-EZ on file
2023December 31, 2023May 15, 2024990-EZ on file

IRS record

EIN
42-6079040
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (509(a)(2))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1966
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$448,682
Income (IRS master file)
$172,047

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-EZDecember 2024$116,206$82,395$448,682XML
990-EZDecember 2023$115,845$78,763$414,871XML
990-EZDecember 2022–––IRS
990-EZDecember 2021–––IRS
990-EZDecember 2020–––IRS
990-EZDecember 2019–––IRS
990-EZDecember 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 42-6079040).

Questions about IOWA-VETERINARY MEDICAL ASSOCIATION FOUNDATION

What is the EIN of IOWA-VETERINARY MEDICAL ASSOCIATION FOUNDATION?
The employer identification number (EIN) of IOWA-VETERINARY MEDICAL ASSOCIATION FOUNDATION is 42-6079040.
Is IOWA-VETERINARY MEDICAL ASSOCIATION FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1966.
Are donations to IOWA-VETERINARY MEDICAL ASSOCIATION FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does IOWA-VETERINARY MEDICAL ASSOCIATION FOUNDATION file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of IOWA-VETERINARY MEDICAL ASSOCIATION FOUNDATION due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did IOWA-VETERINARY MEDICAL ASSOCIATION FOUNDATION last file with the IRS?
The latest return in the IRS public files is the 990-EZ for the year ended December 2024.
Who are the officers and directors of IOWA-VETERINARY MEDICAL ASSOCIATION FOUNDATION?
The 990-EZ for the year ended December 31, 2024 lists 6 people; 0 received compensation from the organization.
How much revenue does IOWA-VETERINARY MEDICAL ASSOCIATION FOUNDATION have?
On its 990-EZ for the year ended December 31, 2024 it reported revenue of $116,206, expenses of $82,395 and total assets of $448,682 at year end.

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