Minnesota Veterinary Medical Foundation
Public records show a registered, tax-exempt organization in good standing.
What it says it does
THE MISSION OF MINNESOTA VETERINARY MEDICAL FOUNDATION IS TO PROVIDE SCHOLARSHIPS AND EDUCATIONAL GRANTS TO BENEFIT ANIMAL HEALTH AND ENSURE THE FUTURE OF VETERINARY MEDICINE.
- Income
- $371,392
- Spending
- $386,097
- Spent on programs
- 73%
- Reserves
- 51.6 months of spending
- Largest source of income
- donations and private grants, 59%
- Employees
- 0
- Volunteers
- 50
- Highest pay
- $156,637, executive director
Source: Form 990 for the year ending July 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Good: 83 out of 100. Higher than 54% of charities in its peer group (animals, $250k to $1m).
Reserves
35 of 35Spendable reserves would cover 51.6 months of spending.
Debt
20 of 20It owes 1% of what it owns.
Living within its means
8 of 15Spending exceeded income by 4% of income.
Income trend
5 of 15Income fell 18% on the year before.
Spending floor
15 of 1573% of spending went to programs and raising each dollar of donations cost 26 cents.
Source: Form 990 for the year ending July 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Good: 87 out of 100. Higher than 85% of charities in its peer group (animals, $250k to $1m).
Independent board
25 of 2513 of 13 voting board members are independent.
Conflict of interest policy
15 of 15Has a written conflict of interest policy.
Whistleblower policy
8 of 8Has a written whistleblower policy.
Record keeping policy
7 of 7Has a written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
0 of 10Did not give the board a copy of this return before filing it.
Pay set independently
5 of 5Sets its chief executive's pay through independent review and comparison.
Independent check of accounts
12 of 15Its accounts were reviewed or compiled by an independent accountant, but not audited.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending July 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (1)
- $281,696 spent. THE MVMF SEEKS TO BOLSTER THE FUTURE OF THE VETERINARY COMMUNITY ACROSS MINNESOTA THROUGH SCHOLARSHIPS AND GRANTS. SCHOLARSHIPS ARE AWARDED TO DVM AND POST-GRADUATE STUDENTS AT THE UNIVERSITY OF MINNESOTA, AND VETERINARY TECHNICIANS AT RIDGEWATER COLLEGE, ROCHESTER COMMUNITY AND TECHNICAL COLLEGE, MINNESOTA NORTH COLLEGE, NORTHWOOD TECHNICAL COLLEGE, AND DAKOTA COUNTY TECHNICAL COLLEGE. FOR SOME SCHOLARSHIPS, PRIORITY IS GIVEN TO THOSE LIVING IN A CERTAIN REGION IN MINNESOTA OR WHO GRADUATED FROM A MINNESOTA HIGH SCHOOL.GRANTS ARE AWARDED TO A VARIETY OF NONPROFIT ORGANIZATIONS AND FOUNDATIONS, STUDENT GROUPS, PROFESSIONAL ORGANIZATIONS, AND INDIVIDUALS, THAT HAVE PROGRAMS OR RESOURCES THAT BENEFIT THE VETERINARY COMMUNITY AND/OR ANIMAL HEALTH IN MINNESOTA.THE MVMF IS A 501(C)(3) NONPROFIT ORGANIZATION CREATED TO SERVE AS THE PHILANTHROPIC PARTNER OF THE MINNESOTA VETERINARY MEDICAL ASSOCIATION. RAISING FUNDS THROUGH PLANNED GIVING, EVENTS, AND INDIVIDUAL CONTRIBUTIONS IS AN ESSENTIAL COMPONENT THAT POWERS THE MVMF MISSION.WE HAVE INCREASED OUR PAID STAFFS' WORK HOURS AND HAVE A FIRST ANNUAL VET GALA SCHEDULED FOR THIS SPRING. WE ARE GROWING AND EXPANDING OUR REACH!OUR EVENT COMMITTEES, VOLUNTEERS, AND BOARD OF DIRECTORS HAVE CONTINUED TO RAISE THE CRITICAL FUNDS NEEDED TO SUPPORT THE FUTURE OF VETERINARY MEDICINE. ONCE AGAIN, OUR PROFESSION HAS PROVED TO BE GENEROUS AND SUPPORTIVE. OUR $200 CLUB, SILENT AUCTION, GOLF CLASSIC, AND CLAY SHOOT RAISED OVER $100,000 FOR STUDENT SCHOLARSHIPS IN 2024-25!
Source: Form 990 for the year ending July 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending July 2025.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since December 1991.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.