2025-03-18T17:01:49-04:00 2024-06-30 590548468 PURVIS GRAY & COMPANY LLP 222 NORTH EAST FIRST STREET GAINESVILLE FL 32601 990 2023-07-01 593609357 FLORIDA VETERINARY MEDICINE FACULTY ASSOCIATION INC FLOR 3522944648 PO BOX 100125 GAINESVILLE FL 326100125 ERIN HOTOCHIN TREASURER/SECRETARY 3523924700 2025-03-12 true true LISA M MAROUSKY CPA P01965450 3523782461 2025-03-12 2023 2025-03-06 01:10:19Z DANA ZIMMEL PO BOX 100125 GAINESVILLE FL 326100125 28236376 false X N/A X 1999 FL THE CORPORATION IS ORGANIZED EXCLUSIVELY TO SUPPORT THE SERVICE, TEACHING AND RESEARCH MISSION AND GOALS OF THE UNIVERSITY OF FLORIDA AND ITS J. HILLIS MILLER HEALTH SCIENCE CENTER AND THE COLLEGE OF VETERINARY MEDICINE, ALL AS DETERMINED BY THE UNIVERSITY OF FLORIDA BOARD OF TRUSTEES, AND IT SHALL BE OPERATED EXCLUSIVELY FOR CHARITABLE, SCIENTIFIC AND EDUCATIONAL PURPOSES AND NOT FOR PECUNIARY PROFIT. 10 0 0 0 0 24921541 28235776 0 1643 600 24923184 28236376 26430658 22263222 0 0 0 0 1402416 1828254 27833074 24091476 -2909890 4144900 13065242 17259593 3883184 3932635 9182058 13326958 X THE CORPORATION IS ORGANIZED EXCLUSIVELY TO SUPPORT THE SERVICE, TEACHING AND RESEARCH MISSION AND GOALS OF THE UNIVERSITY OF FLORIDA AND ITS J. HILLIS MILLER HEALTH SCIENCE CENTER AND THE COLLEGE OF VETERINARY MEDICINE, ALL AS DETERMINED BY THE UNIVERSITY OF FLORIDA BOARD OF TRUSTEES, AND IT SHALL BE OPERATED EXCLUSIVELY FOR CHARITABLE, SCIENTIFIC AND EDUCATIONAL PURPOSES AND NOT FOR PECUNIARY PROFIT. false false 24091476 22263222 28235776 PROVIDED VETERINARY MEDICAL SERVICES AND SUPERVISED PROVISION OF VETERINARY MEDICAL SERVICES BY STUDENTS OF THE COLLEGE OF VETERINARY MEDICINE. 24091476 true false false false false false false false false false false false false false true true true true false false false false false false false false false true false true false false false false false false false false false false false false false true false true false true 0 0 0 false false false false false false false false false false false false false false X 10 0 false false false false false false false true true false false true true true true true true false false false X ERIN HOTOCHIN 3522944648 PO BOX 100125 GAINESVILLE FL 326100125 X DANA ZIMMEL PRESIDENT 3.00 50.00 X X 0 405991 50965 CURTIS REYNOLDS DIRECTOR (OU 0.10 50.00 X 0 365655 113801 KELLY SHARP DIRECTOR 0.10 50.00 X 0 251176 54561 LINDA SANCHEZ DIRECTOR 0.10 50.00 X 0 256648 34683 MICHAEL AHERNE DIRECTOR 0.10 50.00 X 0 161419 25972 ALANNA JOHNSON DIRECTOR (OU 0.10 50.00 X 0 162411 26132 DIEGO DE GASPERI DIRECTOR 0.10 50.00 X 0 139745 39888 ERIN HOTOCHIN TREASURER/SE 15.00 50.00 X X 0 118300 33978 CHRISTOPHER ADIN VICE PRESIDE 1.00 50.00 X X 0 284367 50973 MICHAEL MISON DIRECTOR (OU 0.10 50.00 X 0 263246 35736 BOBBY LEE DIRECTOR 0.10 50.00 X 0 186288 47959 BRYAN PATRICK BULLETT DIRECTOR 0.10 50.00 X 0 84026 30661 SARAH SHIPPY DIRECTOR 0.10 50.00 X 0 170724 24110 2849996 569419 false true false CLINICAL REVENUE 611710 28235776 28235776 28235776 NSF FEES 900099 600 600 600 28236376 28235776 600 22263222 22263222 27017 27017 338767 338767 6670 6670 BANK SERVICE CHARGES 1185309 1185309 BAD DEBTS 171810 171810 CAPITAL LEASE PAYMENTS 98681 98681 24091476 24091476 0 0 X 2709847 4376909 8800000 11600000 1185341 1011311 370054 271373 13065242 17259593 2942223 2935507 447678 468678 493283 528450 3883184 3932635 X 9182058 13326958 9182058 13326958 13065242 17259593 4144900 X false true X true false X X 1 UNIVERSITY OF FLORIDA UNIVERSITY OF FLORIDA 596002052 2 true 22263222 0 1 22263222 0 true false false false false false false false false false false false false false false true false DEPOSITS AND REFUNDS DUE 251881 LEASE LIABILITY - NONCURRENT 179643 LEASE LIABILITY 96926 528450 X 28236376 28236376 28236376 24091476 24091476 24091476 SCHEDULE D, PAGE 3, PART X THE ASSOCIATION IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. IT IS MANAGEMENT'S POLICY TO EVALUATE ITS TAX POSITIONS ON AN ONGOING BASIS AND TO DISCLOSE ANY SUCH POSITIONS IT BELIEVES WOULD HAVE A MATERIAL IMPACT ON THE FINANCIAL STATEMENTS AND RELATED NOTES. MANAGEMENT ALSO BELIEVES THAT NO SUCH REQUIRED DISCLOSURES CURRENTLY EXIST. THE ASSOCIATION IS SUBJECT TO U.S. FEDERAL OR STATE INCOME TAX EXAMINATIONS FOR THE PREVIOUS THREE YEARS. IF APPLICABLE, THE ASSOCIATION WOULD RECOGNIZE INTEREST ACCRUED RELATED TO UNRECOGNIZED TAX BENEFITS IN INTEREST EXPENSE AND PENALTIES IN OPERATING EXPENSE. true UNIVERSITY OF FLORIDA 207 TIGERT HALL GAINESVILLE FL 32611 596002052 170(C) 22263222 COST REIM OF OPER EXP 1 SCHEDULE I, PAGE 1, PART I, LINE 2 EACH MONTH THE DEPARTMENT WILL RUN THE MONTHLY ACCOUNTING RECONCILIATION REPORTS FOR ALL ACCOUNTS (BOTH PAYROLL AND NON SALARY EXPENDITURES) AND RECONCILE THESE TO THE UNIVERSITY'S MONTHLY REPORTS. THESE RECONCILIATIONS ARE COMPLETED NO LATER THAN 30 DAYS AFTER THE END OF THE MONTH. ALL NON SALARY EXPENDITURES MUST BE VERIFIED TO THE ACTUAL DOCUMENTATION TO MAKE SURE THE CHARGE BELONGED ON THE GIVEN ACCOUNT. false false false false false false false false false DANA ZIMMEL PRESIDENT 405991 28862 22103 456956 CURTIS REYNOLDS DIRECTOR (OUTGOING) 347265 18390 89474 24476 479456 KELLY SHARP DIRECTOR 249291 1885 30899 23906 305737 LINDA SANCHEZ DIRECTOR 256157 491 24847 9836 291331 MICHAEL AHERNE DIRECTOR 149373 12046 14543 11429 187391 ALANNA JOHNSON DIRECTOR (OUTGOING) 157900 4511 15408 10724 188543 DIEGO DE GASPERI DIRECTOR 129499 10246 13165 26723 179633 ERIN HOTOCHIN TREASURER/SECRETARY 117304 996 11707 22271 152278 CHRISTOPHER ADIN VICE PRESIDENT 280930 3437 27492 23481 335340 MICHAEL MISON DIRECTOR (OUTGOING) 256428 6818 24874 10862 298982 BOBBY LEE DIRECTOR 184793 1495 24280 23679 234247 SARAH SHIPPY DIRECTOR 145634 25090 14185 9925 194834 SCHEDULE J, PART III THROUGH THE RELATED ORGANIZATION THAT EMPLOYS THEM, SOME OF THE INDIVIDUALS REPORTED IN PART VII OF FORM 990 AND IN SCHEDULE J (FORM 990) CURRENTLY PARTICIPATE IN THE FLORIDA RETIREMENT SYSTEM (FRS), A MULTI-EMPLOYER RETIREMENT SYSTEM CREATED UNDER CHAPTER 121 OF THE FLORIDA STATUTES AND ADMINISTERED BY THE FLORIDA DIVISION OF RETIREMENT. AS STATED ON THE WEBSITE OF FRS, IT IS FUNDED BY CONTRIBUTIONS PAID BY EMPLOYERS, BASED ON A PERCENTAGE OF THE EMPLOYEES' SALARIES AND A THREE PERCENT CONTRIBUTION BY THE EMPLOYEE. THE RATE OF CONTRIBUTIONS REQUIRED IS DETERMINED BY AN ACTUARIAL CONSULTING FIRM TO ASSURE COMPLIANCE WITH THE REQUIREMENTS OF THE CONSTITUTION OF THE STATE OF FLORIDA. THE INSTRUCTIONS FOR FORM 990 INDICATE THAT PART VII AND SCHEDULE J SHOULD INCLUDE A REASONABLE ESTIMATE OF THE INCREASE IN THE ACTUARIAL VALUE OF ANY QUALIFIED OR NONQUALIFIED RETIREMENT ACCRUALS UNDER A DEFINED BENEFIT PLAN. FRS HAS STATED THAT SUCH INFORMATION CURRENTLY IS NOT AVAILABLE FOR PARTICIPANTS IN ITS PLAN. THEREFORE, THE AMOUNTS REPORTED IN PART VII AND SCHEDULE J, AS APPROPRIATE, INCLUDE THE CONTRIBUTION PAID BY THE RELATED ORGANIZATION AS ITS CONTRIBUTION ON BEHALF OF THE NAME INDIVIDUAL. THIS AMOUNT IS CONSIDERED THE BEST REASONABLE ESTIMATE OF INFORMATION REQUIRED IN THIS FORM 990 AND RELATED SCHEDULES. FORM 990 - ORGANIZATION'S MISSION THE CORPORATION IS ORGANIZED EXCLUSIVELY TO SUPPORT THE SERVICE, TEACHING AND RESEARCH MISSION AND GOALS OF THE UNIVERSITY OF FLORIDA AND ITS J. HILLIS MILLER HEALTH SCIENCE CENTER AND THE COLLEGE OF VETERINARY MEDICINE, ALL AS DETERMINED BY THE UNIVERSITY OF FLORIDA BOARD OF TRUSTEES, AND IT SHALL BE OPERATED EXCLUSIVELY FOR CHARITABLE, SCIENTIFIC AND EDUCATIONAL PURPOSES AND NOT FOR PECUNIARY PROFIT. FORM 990, PART VI PART VI, SECTION B, LINE 15 - COMPENSATION THE TOP MANAGEMENT OFFICIAL AND OFFICERS OF THE ORGANIZATION ARE NOT EMPLOYEES OF THE ORGANIZATION, BUT OF THE UNIVERSITY OF FLORIDA. THEIR COMPENSATION IS DETERMINED BY THE UNIVERSITY OF FLORIDA. FORM 990, PAGE 6, PART VI, LINE 11B A DETAILED REVIEW OF THE FINAL FORM 990 IS CONDUCTED BY THE FISCAL PERSONNEL AND THE TREASURER OF THE BOARD OF DIRECTORS. A FINAL COPY OF THE FORM 990 IS EMAILED TO ALL BOARD MEMBERS FOR REVIEW. FORM 990, PAGE 6, PART VI, LINE 12C FLORIDA VETERINARY MEDICINE FACULTY ASSOCIATION, INC. REQUIRES ALL BOARD MEMBERS, OFFICERS AND KEY EMPLOYEES TO DISCLOSE INTERESTS THAT COULD GIVE RISE TO CONFLICTS PURSUANT TO THE UNIVERSITY OF FLORIDA'S POLICY AND PROCEDURES. FLORIDA VETERINARY MEDICINE FACULTY ASSOCIATION, INC. REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH THIS POLICY. IF A CONFLICT ARISES, THAT PERSON SHALL GENERALLY BE RECUSED FROM PARTICIPATING IN AN ACTION INVOLVING THAT SUBJECT MATTER. FORM 990, PAGE 6, PART VI, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART VII PART VII, SECTION A SEE ADDITIONAL INFORMATION INCLUDED ON SCHEDULE J REGARDING THE DEFINED BENEFIT PLAN. FORM 990, PART X PART X, LINE 2 IN NOVEMBER 2014, THE ASSOCIATION SIGNED A MEMORANDUM OF UNDERSTANDING (MOU) WITH THE UNIVERSITY OF FLORIDA IN WHICH THE ASSOCIATION AGREES TO DEPOSIT ITS EXCESS CASH AND INVESTMENTS INTO THE UNIVERSITYS STRATEGIC FUND. THE UNIVERSITY MANAGES AND INVESTS THESE MONIES FOR THE BENEFIT OF THE STRATEGIC FUND. ALL EARNINGS, LOSSES, AND ASSOCIATED INVESTMENT MANAGEMENT FEES ARE RETAINED BY THE UNIVERSITY. THE UNIVERSITY INTENDS TO REPAY THE AMOUNTS DEPOSITED TO THE ASSOCIATION, THEREFORE, THE ASSOCIATION RECORDED A DUE FROM THE UNIVERSITYS STRATEGIC FUND OF 11,600,000 AS OF JUNE 30, 2024. ANY WITHDRAWAL OF MONIES UNDER 10 MILLION HAVE SAME DAY ACCESSIBILITY, WHILE WITHDRAWALS OVER 10 MILLION REQUIRE WRITTEN NOTICE OF AT LEAST TWO WORKING DAYS. UNIV OF FLORIDA BOARD OF TRUSTEES 207 TIGERT HALL GAINESVILLE FL 32611 596002052 EDUCATION FL 170C 2 NA false false true false false false false false false false false false false false true true false false true false UNIVERSITY OF FLORIDA B 22263222 COST UNIVERSITY OF FLORIDA N AMOUNT NOT DETERMINED UNIVERSITY OF FLORIDA O AMOUNT NOT DETERMINED UNIVERSITY OF FLORIDA R 11600000 COST SCHEDULE R PART V, LINE 2 THE AMOUNTS INVOLVED FOR ITEM NUMBER 2 AND 3 ON LINE 2 HAVE NOT BEEN DETERMINED. ADDITIONAL INFORMATION IS AVAILABLE UPON REQUEST. PART V, LINE 2, ITEM 4 - DUE FROM UNIVERSITY OF FLORIDA UNIVERSITY STRATEGIC FUND IN NOVEMBER 2014, THE ASSOCIATION SIGNED A MEMORANDUM OF UNDERSTANDING (MOU) WITH THE UNIVERSITY OF FLORIDA IN WHICH THE ASSOCIATION AGREES TO DEPOSIT ITS EXCESS CASH AND INVESTMENTS INTO THE UNIVERSITYS STRATEGIC FUND. THE UNIVERSITY MANAGES AND INVESTS THESE MONIES FOR THE BENEFIT OF THE STRATEGIC FUND. ALL EARNINGS, LOSSES, AND ASSOCIATED INVESTMENT MANAGEMENT FEES ARE RETAINED BY THE UNIVERSITY. THE UNIVERSITY INTENDS TO REPAY THE AMOUNTS DEPOSITED TO THE ASSOCIATION, THEREFORE, THE ASSOCIATION RECORDED A DUE FROM THE UNIVERSITYS STRATEGIC FUND OF 11,600,000 AS OF JUNE 30, 2024. ANY WITHDRAWAL OF MONIES UNDER 10 MILLION HAVE SAME DAY ACCESSIBILITY, WHILE WITHDRAWALS OVER 10 MILLION REQUIRE WRITTEN NOTICE OF AT LEAST TWO WORKING DAYS.