Overview
What is Minnesota Veterinary Medical Foundation?
The Minnesota Veterinary Medical Foundation is a 501(C)(3) nonprofit organization serving as the philanthropic partner of the Minnesota Veterinary Medical Association. Based in South St. Paul, Minnesota, they grant scholarships and awards to veterinary students and technicians, primarily in Minnesota institutions, and provide educational grants to various nonprofits, student groups, professional organizations, and individuals that benefit animal health and the future of veterinary medicine. The foundation's activities include hosting events like golf classics, clay shoots, and silent auctions, with the support of volunteers and the Board of Directors. Their mission to provide scholarships and educational grants for animal health and the future of veterinary medicine has raised over $100,000 in 2022.
Official website here: www.mvmfcares.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Star rating)
The Minnesota Veterinary Medical Foundation has received an impressive Four-Star rating from Charity Navigator, reflecting a strong commitment to accountability and financial transparency. With a perfect score in several key areas, the foundation demonstrates significant independence among its board members, as well as a solid financial performance with a program expense ratio of 74.42%, meaning a large portion of its funds is directed toward its mission.
The foundation has established robust policies, including conflict of interest and whistleblower protections, which are critical for maintaining ethical standards and transparency. Additionally, the organization's fiscal health is underscored by its minimal liabilities relative to assets, showcasing a stable financial position.
While the rating reflects exceptional organizational practices, it is essential for potential donors to consider how these strengths translate into tangible impacts on the veterinary community in Minnesota. Overall, the foundation appears to be a well-run organization, but further insights into program effectiveness could enhance its appeal to supporters.
This AI summary has been generated from information found on Charity Navigator.
Is Minnesota Veterinary Medical Foundation legitimate?
Minnesota Veterinary Medical Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Minnesota Veterinary Medical 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: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.mvmfcares.org
What is the mission statement of Minnesota Veterinary Medical Foundation?
The Minnesota Veterinary Medical Foundation is dedicated to enhancing animal health and securing the future of veterinary medicine. Through scholarships and educational grants, the organization supports students pursuing veterinary careers at various colleges and universities, as well as veterinary technicians. Scholarship recipients may receive priority based on specific criteria, such as their region or high school graduation location. In addition to funding individuals, the foundation grants funds to nonprofit organizations, student groups, professional organizations, and individuals, whose programs or resources benefit the veterinary community and animal health in Minnesota. As a 500(C)(3) nonprofit organization, the Minnesota Veterinary Medical Foundation relies on donations, events, and contributions to fulfill its mission. Despite unprecedented circumstances, the foundation's events, including the $200 Club, silent auction, golf classic, and clay shoot, raised over $100,000 for student scholarships in 2022.
Official website here: www.mvmfcares.org
Who is the CEO of Minnesota Veterinary Medical Foundation?
Kelly Andrews is the President of Minnesota Veterinary Medical Foundation.
Official website here: www.mvmfcares.org
What is the revenue of Minnesota Veterinary Medical Foundation?
Minnesota Veterinary Medical Foundation's revenue in 2022 was $317,114.
Official website here: www.mvmfcares.org
Who are the executives of Minnesota Veterinary Medical Foundation and what are their salaries?
There 40 volunteers at Minnesota Veterinary Medical Foundation.
Here are 15 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $184,000
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.mvmfcares.org
Where can I find the form 990 for Minnesota Veterinary Medical Foundation?
Minnesota Veterinary Medical Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mvmfcares.org
Learn more at the official website: www.mvmfcares.org
Mission Statement of Minnesota Veterinary Medical Foundation
The Minnesota Veterinary Medical Foundation (MVMF) is a dedicated nonprofit organization that aims to bolster the future of veterinary medicine and animal health in Minnesota. By providing scholarships and educational grants, MVMF plays a vital role in nurturing the next generation of veterinarians and supporting existing professionals in the field.
Scholarships are awarded to students pursuing degrees in veterinary medicine at the University of Minnesota, as well as veterinary technicians attending Ridgewater College, Rochester Community and Technical College, Vermilion Community College, Wisconsin Indianhead Technical College, and Dakota County Technical College. In some cases, priority is given to students from certain regions in Minnesota or those who have graduated from Minnesota high schools.
MVMF also grants funds to nonprofit organizations, foundations, student groups, professional organizations, and individuals that offer programs or resources beneficial to the veterinary community and animal health in Minnesota. The foundation serves as the philanthropic partner of the Minnesota Veterinary Medical Association, and its mission is powered by donations raised through planned giving, events, and contributions.
Despite unprecedented circumstances, the MVMF has continued to adapt and generate essential funds for the cause. The organization's $200 Club, silent auction, golf classic, and clay shoot raised over $100,000 for student scholarships in 2022. The generosity and support of the veterinary community have proven crucial to the foundation's mission.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
The Minnesota Veterinary Medical Foundation significantly impacts animal health and the future of veterinary medicine in Minnesota through its dedicated efforts in providing scholarships and educational grants. By supporting DVM and post-graduate students at the University of Minnesota, as well as veterinary technicians at various colleges, the Foundation ensures that aspiring veterinarians and technicians are well-equipped to meet the evolving challenges in the field.
Scholarship priorities often focus on individuals from specific regions in Minnesota or those who have graduated from Minnesota high schools, fostering local talent and encouraging community engagement. Additionally, the Foundation awards grants to a diverse array of organizations, student groups, and professional entities that contribute to the veterinary community and enhance animal health resources in the state.
Through fundraising efforts—including events like the $200 Club, silent auctions, and golf classics—the Foundation raised over $100,000 for student scholarships in 2022 alone, demonstrating robust community support for veterinary education. These initiatives not only bolster financial assistance for students but also help cultivate a highly skilled veterinary workforce, ensuring the sustainability and growth of veterinary services in Minnesota for years to come.
This information is meant to be a general summary of Minnesota Veterinary Medical 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: $87,044
- Gross Receipts: $856,764
Assets and Liabilities:
- Total Assets: $1,610,554
- Total Liabilities: $18,215
- Net Assets: $1,592,339
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
1990
Phone
(651) 645-7533Principal Officer
Kelly Andrews
Main Address
101 BRIDGEPOINT WAY 100, SOUTH ST PAUL, MN, 55075
Website
www.mvmfcares.orgNTEE Category
Code: D124 - Animals
If you are a representative of Minnesota Veterinary Medical Foundation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.