Overview
What is Rivma Companion Animal Foundation?
The Rivma Companion Animal Foundation is a Rhode Island-based non-profit organization that provides financial assistance to low-income pet owners, enabling them to afford essential veterinary care for their sick or injured pets. Established with the goal of affordable healthcare for all pets, this is the first veterinary-based assistance program of its kind in the United States and currently serves as a significant resource for urgent care needs in Rhode Island. The organization, which is governed by a veterinary and community-based board of directors, has received strong support from veterinarians and the public. Eligible pet owners must meet income criteria, modeled on HUD community median income standards and participation in programs like Food Stamps and Heating Assistance. With no waiting period or burdensome documentation required, veterinarians can offer immediate treatment, ensuring that care is available when it is most needed. The organization raises funds through grants, events, individual contributions, and a veterinary patient memorial program, primarily using these funds for an annual disbursement that veterinarians use to treat their eligible clients' pets. The organization also has an endowment account to ensure it can continue serving needy pet owners in the future. The day-to-day business of the organization is managed by volunteers.
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 74% (Two-Star out of Four Star rating)
Rivma Companion Animal Foundation has received a Two-Star rating from Charity Navigator, indicating a moderate level of accountability and financial health. The score reflects a strong performance in areas such as having a majority of independent board members and maintaining a solid liabilities to assets ratio, which suggests good governance practices.
However, the foundation's overall score is affected by its program expense ratio, which falls slightly below expectations. This indicates that while the organization demonstrates strong accountability measures, there may be room for improvement in how funds are allocated towards its programs and services.
While Rivma Companion Animal Foundation shows promising governance and financial stability, potential donors might consider the program expense ratio before making contributions, as it is a key indicator of how effectively the charity utilizes its resources to fulfill its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Rivma Companion Animal Foundation legitimate?
Rivma Companion Animal Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rivma Companion Animal Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $18,000
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Rivma Companion Animal Foundation?
The Rivma Companion Animal Foundation is a non-profit organization that provides financial assistance to low-income pet owners who cannot afford necessary veterinary care for their pets. Its primary mission is to ensure affordable healthcare for all pets. Established in the United States, the organization is the first veterinary-based assistance program of its kind and currently the largest resource for meeting the urgent need for veterinary care in Rhode Island. The foundation's grants are accessible, with no waiting period or cumbersome documentation required, allowing veterinarians to offer immediate treatment plans to eligible clients. The organization raises funds through grants, events, individual contributions, and a veterinary patient memorial program, primarily using these funds for an annual disbursement to treat eligible clients' pets. The organization's administrative needs are supported by volunteers, and it also has an endowment account to ensure continued service to needy pet owners in the future.
Who is the CEO of Rivma Companion Animal Foundation?
M Christie Smith is the Secretary of Rivma Companion Animal Foundation.
What is the revenue of Rivma Companion Animal Foundation?
Rivma Companion Animal Foundation's revenue in 2022 was $201,610.
Who are the executives of Rivma Companion Animal Foundation and what are their salaries?
There 7 volunteers at Rivma Companion Animal Foundation.
Here are 8 key members and their salaries:
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Where can I find the form 990 for Rivma Companion Animal Foundation?
Rivma Companion Animal Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Rivma Companion Animal Foundation
The Rivma Companion Animal Foundation, a non-profit organization, was established with a mission to provide financial assistance to low-income pet owners who cannot afford necessary veterinary care for their pets. This Rhode Island-based foundation is the first veterinary-based assistance program of its kind in the United States and currently serves as the largest resource for meeting the overwhelming need for urgent care for pets in the state.
The organization's primary goal is to ensure affordable healthcare for all pets. It is governed by a veterinary and community-based board of directors and has received excellent support from veterinarians and the general public. To determine eligibility for assistance, the foundation uses guidelines modeled on HUD community median income standards, as well as participation in programs such as food stamps and heating assistance. This streamlined process allows veterinarians to quickly assess a client's eligibility during a patient examination.
The absence of any waiting period for funding and minimal documentation required of participants enables veterinarians to offer immediate treatment plans to eligible clients. The foundation audits 10% of grant recipients each year to verify accurate reporting, ensuring both transparency and efficiency. The foundation primarily raises funds through grants, events, individual contributions, and a veterinary patient memorial program. These funds are then used for an annual disbursement that state veterinarians use to treat their eligible clients' pets. The very modest remainder supports the organization's administrative needs, with the organization's day-to-day business being the responsibility of volunteers. The foundation has also set up an endowment account to help serve the needy pet owners into the foreseeable future.
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Impact
October, 2024
Rivma Companion Animal Foundation significantly impacts the lives of low-income pet owners by providing essential financial assistance for veterinary care. By alleviating the financial burden associated with necessary treatments, the foundation ensures that pets receive urgent medical attention without the lengthy wait times often associated with other assistance programs.
Its innovative approach, modeled on accessible income eligibility criteria, means veterinarians can determine patient eligibility at the time of examination, facilitating immediate care. This responsiveness to urgent needs has made the foundation a vital resource in Rhode Island, offering vital support where it is most needed.
Additionally, the foundation's commitment to transparency is reflected in its annual audits of fund recipients, ensuring that resources are allocated effectively. By maintaining a sustainable endowment account, it secures the ability to support needy pet owners well into the future, bolstering community confidence and veterinarian involvement. Overall, the foundation plays a crucial role in promoting affordable healthcare for all pets, transforming the landscape of veterinary care accessibility in the state.
This information is meant to be a general summary of Rivma Companion Animal Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $22,904
- Gross Receipts: $220,385
Assets and Liabilities:
- Total Assets: $740,886
- Total Liabilities: $0
- Net Assets: $740,886
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Organization Details
Founding Year
2004
Phone
(401) 751-0944Principal Officer
M Christie Smith
Main Address
11 SOUTH ANGELL STREET 311, PROVIDENCE, RI, 02906
NTEE Category
Code: D40 - Animals
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