Overview
What is Colorado Veterinary Medical Association Foundation?
The Colorado Veterinary Medical Association Foundation is a charitable organization based in Denver, Colorado. Established with the purpose of engaging in philanthropic and educational activities, the Foundation offers one-time financial assistance through Care Grants to private veterinary practices. These grants provide crucial support to disadvantaged pet owners, enabling them to afford essential medical or surgical interventions for their pets, thereby preventing unnecessary euthanasia, relinquishment, or prolonged suffering. The Foundation's mission is to save the lives of pets in need by offering a last-resort financial option for treatable animals.
Official website here: www.colovma.org/
What are the reviews and ratings of this charity?
Rating from Charity Navigator: One-Star out of Four Stars (51%)
The Colorado Veterinary Medical Association Foundation has received a One-Star rating due to its overall score of 51%, which is based solely on its Accountability & Finance metrics. While the organization has demonstrated strengths, such as having a majority independent board and no material diversion of assets, it has significant weaknesses in areas related to governance policies and financial ratios.
The foundation has a commendable program expense ratio of 70.44%, indicating that a substantial portion of its resources is allocated to its programs. However, it lacks critical governance policies such as a conflict of interest policy, whistleblower policy, and document retention protocols, which are essential for organizational transparency and accountability. Furthermore, the foundation's liabilities to assets ratio of 96.44% raises concerns about its financial stability.
Overall, while the Colorado Veterinary Medical Association Foundation shows promise in its program funding, its governance deficiencies and high liability ratio suggest that potential donors should approach with caution. Improving its policies and financial health could enhance its rating and impact in the community.
This AI summary has been generated from information found on Charity Navigator.
Is Colorado Veterinary Medical Association Foundation legitimate?
Colorado Veterinary Medical Association Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Colorado Veterinary Medical Association 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.colovma.org/
What is the mission statement of Colorado Veterinary Medical Association Foundation?
The Colorado Veterinary Medical Association Foundation, a charitable organization, is committed to engaging in charitable and educational activities. Specifically, their mission is to provide one-time financial assistance for emergency medical interventions for pets in need. This aid is intended to prevent the unnecessary euthanasia, relinquishment, or suffering of treatable animals whose owners are disadvantaged financially. By offering Care Grants, the Foundation aims to ensure that beloved pets receive the necessary medical care they require to live healthy lives.
Official website here: www.colovma.org/
Who is the CEO of Colorado Veterinary Medical Association Foundation?
Diane Matt is the President of Colorado Veterinary Medical Association Foundation. The CEO's salary of Colorado Veterinary Medical Association Foundation is $0 and their total compensation is $205,101.
Official website here: www.colovma.org/
What is the revenue of Colorado Veterinary Medical Association Foundation?
Colorado Veterinary Medical Association Foundation's revenue in 2022 was $1,287.
Official website here: www.colovma.org/
Who are the executives of Colorado Veterinary Medical Association Foundation and what are their salaries?
There 1 volunteer at Colorado Veterinary Medical Association Foundation.
Here are 2 key members and their salaries (Colorado Veterinary Medical Association Foundation's CEO's salary is $0 and their total compensation is $205,101):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $178,711
- Other: $26,390
Official website here: www.colovma.org/
Where can I find the form 990 for Colorado Veterinary Medical Association Foundation?
Colorado Veterinary Medical Association Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.colovma.org/
Learn more at the official website: www.colovma.org/
Mission Statement of Colorado Veterinary Medical Association Foundation
The Colorado Veterinary Medical Association Foundation, a charitable organization, is dedicated to carrying out benevolent and educational activities. Its primary mission is to engage in charitable and educational pursuits, specifically focusing on providing support for disadvantaged pet owners.
In a unique initiative, the Foundation offers Care Grants, which serve as a last-resort financial aid for private veterinary practices. These grants provide one-time medical assistance, enabling pet owners to afford life-saving surgeries or treatments for their beloved pets. The Care Grant is intended for a one-time surgical or medical intervention for an animal with a good to excellent prognosis. Without such emergency funding, an otherwise treatable animal might be unnecessarily euthanized, relinquished, or forced to endure excessive suffering.
By providing these grants, the Colorado Veterinary Medical Association Foundation aims to prevent the unnecessary loss of pets and alleviate the suffering of animals in need, thereby promoting animal welfare and strengthening the bond between pets and their owners.
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Impact
June, 2024
The Colorado Veterinary Medical Association Foundation's impact lies in providing essential Care Grants to supplement charitable care at private veterinary practices, enabling disadvantaged pet owners to save the lives of their beloved pets. This last-resort financial assistance supports critical surgical or medical interventions for animals with good to excellent prognoses, ultimately preventing unnecessary euthanasia, relinquishment, and undue suffering. By offering this crucial support, the Foundation positively impacts both pets and their owners by ensuring access to life-saving veterinary care in times of need.
This information is meant to be a general summary of Colorado Veterinary Medical Association 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: $7
- Gross Receipts: $1,287
Assets and Liabilities:
- Total Assets: $953,304
- Total Liabilities: $913,611
- Net Assets: $39,693
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Organization Details
Founding Year
2018
Phone
(303) 318-0447Principal Officer
Diane Matt
Main Address
2000 S Colorado Blvd Tower 1 250, Denver, CO, 80222
Website
www.colovma.org/NTEE Category
Code: F80 - Mental health
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