2024-11-15T14:31:26-06:00 2023-12-31 521711839 COUNCILOR BUCHANAN & MITCHELL PC 7910 WOODMONT AVE STE 500 BETHESDA MD 20814 990 2023-01-01 237143276 AMERICAN COLLEGE OF VETERINARY SURGEONS AMER 3019160200 19785 CRYSTAL ROCK DRIVE 305 GERMANTOWN MD 20874 ANN T LOEW CHIEF EXECUTIVE OFFICER 3019160200 2024-11-15 1 0 DANIEL L WEAVER P01249346 3019860600 2024-11-15 2023 2024-10-15 13:58:12Z ANN T LOEW 19785 CRYSTAL ROCK DRIVE 305 GERMANTOWN MD 20874 6085837 0 X WWW.ACVS.ORG X 1965 MD AMERICAN COLLEGE OF VETERINARY SURGEONS (ACVS) IS A MEMBERSHIP ORGANIZATION COMPRISED OF VETERINARY SURGEONS FORMED TO ADVANCE THE ART AND SCIENCE OF VETERINARY SURGERY. 9 9 20 0 645964 444668 0 0 4594636 4550824 192982 233306 776124 573229 5563742 5357359 10100 0 0 0 1781325 1986220 0 0 0 3033086 3194530 4824511 5180750 739231 176609 7944890 8153638 1540417 1540206 6404473 6613432 ACVS IS A MEMBERSHIP ORGANIZATION COMPRISED OF VETERINARY SURGEONS FORMED TO ADVANCE THE ART SCIENCE OF VETERINARY SURGERY. 0 0 SURGERY SUMMIT - PROMOTES THE EDUCATION OF THE RESIDENTS AND VETERINARIANS THROUGH THE EXCHANGE OF INFORMATION, SCIENTIFIC CLASSES AND LABS IN THE MOST UP-TO-DATE PROCEDURES. EXAMINATION EVALUATION AND COMMITTEES - THERE ARE 6 GOVERNING COMMITTEES OF ACVS. DUTIES INCLUDE PLANNING FOR THE SURGERY SUMMIT, ANNUAL EXAMINATIONS AND ADMITTANCE OF NEW MEMBERS RESIDENCY PROGRAM - ENCOMPASSES MULTIPLE COMMITTEES THAT ESTABLISH STANDARDS FOR RESIDENCY TRAINING, INCLUDING INDIVIDUAL REQUIREMENTS FOR TRAINING, STANDARDS FOR TRAINING PROGRAMS, AND STRATEGIC INITIATIVES FOR THESE PROGRAM AREAS. 0 0 0 1 0 0 0 0 0 1 1 0 0 1 1 0 1 0 0 0 0 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 93 0 1 20 1 1 1 0 0 0 0 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 0 0 X THE ORGANIZATION 3019160200 19785 CRYSTAL ROCK DRIVE 305 GERMANTOWN MD 20874 JAN HAWKINS PRESIDENT 1.00 1.00 X X 0 0 0 BRYDEN J STANLEY PRESIDENT-ELECT 1.00 1.00 X X 0 0 0 RONALD M MCLAUGHLIN JR CHAIR 1.00 1.00 X X 0 0 0 JULIE D SMITH TREASURER 1.00 1.00 X X 0 0 0 LAURENT P GUIOT DIRECTORS 1.00 1.00 X 0 0 0 URSULA KROTSCHECK DIRECTORS 1.00 1.00 X 0 0 0 DAVID G LEVINE DIRECTORS 1.00 1.00 X 0 0 0 ANNETTE MCCOY DIRECTORS 1.00 1.00 X 0 0 0 CHRISTOPHER R BYRON DIRECTORS 1.00 1.00 X 0 0 0 CATRIONA M MACPHAIL DIRECTORS 1.00 1.00 X 0 0 0 ANN T LOEW CHIEF EXECUTIVE OFFICER 39.00 1.00 X 266114 0 12731 266114 0 12731 1 0 1 0 0 CONTINUING EDUCATION 900099 2199302 2199302 MEMBERSHIP DUES 900099 1071371 1071371 VETERINARY SURGERY JOU 900099 376014 237363 138651 EXAMINATION FEES 900099 345450 345450 SPONSORSHIP AND OTHER 900099 292000 292000 266687 266687 4550824 137557 137557 824227 728478 95749 95749 95749 WEBSITE 541800 507313 507313 OTHER INCOME 900099 65916 65916 573229 5357359 4478089 645964 233306 278845 1620463 23960 62952 47026 9500 25987 10945 324264 118216 74770 502485 276776 159486 CONTINUING EDUCATION 1247653 MISCELLANEOUS 254514 EXAMINATION EVALUATION 101086 COMMUNICATIONS 31475 10347 5180750 1991739 1767073 506330 401747 457322 210782 3208309 1409041 1550185 1799268 3439314 3974768 7944890 8153638 250540 131748 1036271 1228120 253606 180338 1540417 1540206 X 6404473 6613432 6404473 6613432 7944890 8153638 176609 32350 0 X X 0 1 X 1 0 0 1 0 378202 378202 1620509 616876 1003633 57479 52621 4858 1152119 739544 412575 1799268 SCHWAB FUND INVESTMENTS 3974768 C 3974768 DUE TO RELATED PARTY 180338 180338 X 5363722 32350 32350 5331372 25987 25987 5357359 5154763 0 5154763 25987 25987 5180750 PART X, LINE 2: THE AMERICAN COLLEGE OF VETERINARY SURGEONS (THE COLLEGE) IS EXEMPT FROM INCOME TAXES (EXCEPT TAXES ON UNRELATED BUSINESS INCOME, IF ANY), UNDER SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE. THE ACCOUNTING STANDARD ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ADDRESSES THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON A TAX RETURN SHOULD BE RECORDED IN THE FINANCIAL STATEMENTS. UNDER THAT GUIDANCE, THE COLLEGE MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES BASED ON THE TECHNICAL MERITS OF THE POSITION. EXAMPLES OF TAX POSITIONS INCLUDE THE TAX-EXEMPT STATUS OF THE ORGANIZATIONS AND VARIOUS POSITIONS RELATED TO THE POTENTIAL SOURCES OF UNRELATED BUSINESS INCOME TAX (UBIT). THE TAX BENEFITS RECOGNIZED IN THE CONSOLIDATED FINANCIAL STATEMENTS FROM SUCH A POSITION ARE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THE COLLEGE RECEIVES UNRELATED BUSINESS INCOME FROM ROYALTIES AND EMPLOYMENT ADVERTISEMENT. UNRELATED BUSINESS INCOME TAX EXPENSE RECORDED DURING THE YEAR ENDED DECEMBER 31, 2023, WAS APPROXIMATELY $235,000 AND IS RECOGNIZED AS A PUBLIC RELATIONS EXPENSE IN THE ACCOMPANYING CONSOLIDATED STATEMENTS OF ACTIVITIES AND FUNCTIONAL EXPENSES. THE COLLEGE'S POLICY WOULD BE TO RECOGNIZE INTEREST AND PENALTIES, IF ANY, ON TAX POSITIONS RELATED TO ITS UNRECOGNIZED TAX BENEFITS IN INCOME TAX EXPENSE IN THE CONSOLIDATED FINANCIAL STATEMENTS. NO INTEREST AND PENALTIES WERE ASSESSED OR RECORDED DURING 2023. PART XI, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT MANAGEMENT FEES PART XII, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT MANAGEMENT FEES 0 0 0 0 0 0 0 0 0 0 RESEARCH ASSISTANCE EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIU 12 18247 RESEARCH ASSISTANCE NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 12 9365 RESEARCH ASSISTANCE EAST ASIA AND THE PACIFIC 2 5299 0 0 0 0 0 0 X X X 0 0 0 ANN T LOEW CHIEF EXECUTIVE OFFICER 221114 0 45000 0 0 0 6182 0 6549 0 278845 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 ACVS IS A MEMBERSHIP ORGANIZATION COMPRISED OF VETERINARY SURGEONS THROUGHTOUT THE UNITED STATES MEETING EDUCATION AND EXAM CERTIFICATION REQUIREMENTS. FORM 990, PART VI, SECTION A, LINE 7A ELECTION OF MEMBERS AD THEIR RIGHTS MEMBERS ELECT BOARD OF DIRECTORS (REGENTS) AT ANNUAL MEETING. FORM 990, PART VI, SECTION A, LINE 7B DECISIONS SUBJECT TO APPROVAL OF MEMBES ACTIONS REQUIRING APPROVAL OF MEMBERSHIP DONE ELECTRONICALLY OR BY MAIL. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS PREPARED BY AN OUTSIDE INDEPENDENT CPA FIRM AND SUBMITTED TO THE CHIEF EXECUTIVE OFFICER AND ACCOUNTING DEPARTMENT FOR REVIEW AND APPROVAL. FORM 990 IS REVIEWED AND APPROVED BY THE TREASURER AND MADE AVAILABLE TO THE EXECUTIVE COMMITTEE AND BOARD OF REGENTS PRIOR TO ELECTRONIC SUBMISSION TO IRS. FORM 990, PART VI, SECTION B, LINE 12C POSSIBLE CONFLICTS OF INTEREST MONITORED BY BOTH CHIEF EXECUTIVE OFFICER AND BOARD OF REGENTS WHEN POTENTIAL CONFLICT OF INTERESTS ARISE IN THE COURSE OF OPERATIONS. FORM 990, PART VI, SECTION B, LINE 15A PERFORMANCE AND YEARLY COMPENSATION OF CHIEF EXECUTIVE REVIEWED AND EVALUATED BY THE "EVALUATION COMMITTEE" WHICH CONSISTS OF OUTGOING CHAIRMAN OF BOARD OF REGENTS, AN OUTGOING REGENT SELECTED BY THE BOARD OF REGENTS, PRESIDENT AND TREASURER. THE CHAIR OF THE EVALUATION COMMITTEE PREPARES A DRAFT SUMMARY OF THE REVIEW TO INCLUDE CHIEF EXECUTIVE OFFICER COMMENTS AND PROFESSIONAL DEVELOPMENT NEEDS AND DISTRIBUTES TO THE EVALUATION COMMITTEE FOR FINAL REVIEW AFTER WHICH THE BOARD OF REGENTS TAKES FINAL ACTION ON THE EVALUATION. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, FORM 990 AND 990T, POLICIES AND FINANCIAL STATEMENTS AVAILABLE TO BOARD OF REGENTS AND MEMBERS UPON REQUEST. COPIES OF ANNUAL AUDITED FINANCIAL STATEMENTS PROVIDED TO BOARD OF REGENTS PRIOR TO ANNUAL MEETING. FORM 990, PART XII AND LINE 2C THE BOARD ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THE PROCESS HAS NOT CHANGED FROM PREVIOUS YEARS. ACVS FOUNDATION 19785 CRYSTAL ROCK DRIVE SUITE 306 GERMANTOWN MD 20874 521946008 FUNDING EDUCATIONAL AND RESEARCH OPPORTUNITIES FOR VETERINARY SURGENTS MD 501(C)(3) LINE 12A, I PUBLIC 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 ACVS FOUNDATION B 156570 ACVS FOUNDATION O 120206