2023-08-04T11:19:04-05:00 2022-12-31 320043599 LEGACY PROFESSIONALS LLP 4 WESTBROOK CORPORATE CTR STE 700 WESTCHESTER IL 60154 990 2022-01-01 860259180 WVC WVC 7027396698 2425 EAST OQUENDO ROAD LAS VEGAS NV 891202406 EARL DAVID STEARNS SECRETARY/ TREASURER 7027396698 2023-08-04 1 EARL DAVID STEARNS 999009999 0 CHRISTINE V ERNST P01725863 3123680500 2023-08-04 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z VITICUS GROUP STEPHANIE GERLING 2425 EAST OQUENDO ROAD LAS VEGAS NV 891202406 22351220 0 X WWW.WVC.ORG X 1928 NV TO PROVIDE INNOVATIVE EDUCATION TO VETERINARY AND HUMAN HEALTHCARE PROFESSIONALS WORLDWIDE. 15 15 139 10 -22264 0 2128160 50913 17472279 22201106 3915 57384 121419 -9679 19725773 22299724 0 0 0 0 5617460 7030415 0 0 28851 13194711 14924296 18812171 21954711 913602 345013 41273604 45273915 27598893 31887371 13674711 13386544 X THE PURPOSE OF WESTERN VETERINARY CONFERENCE (WVC) IS TO PROVIDE INNOVATIVE EDUCATION TO VETERINARY AND HUMAN HEALTHCARE PROFESSIONALS WORLDWIDE. 0 0 7409914 11417655 SPANNING FOUR DAYS, THE ORGANIZATION'S ANNUAL CONFERENCE IS ONE OF THE LARGEST, MOST INFLUENTIAL EDUCATIONAL GATHERINGS OF VETERINARY PROFESSIONALS IN THE WORLD. AT THE CONFERENCE, THOUSANDS OF VETERINARY PROFESSIONALS SELECT FROM HUNDREDS OF HOURS OF CONTINUING EDUCATION ACROSS TOPIC AREAS INCLUDING SMALL ANIMAL, EQUINE, FOOD ANIMAL AND AVIAN AND EXOTICS. COURSES ARE SPECIFICALLY DESIGNED FOR DIFFERENT ROLES WITHIN VETERINARY MEDICINE, PROVIDING ONGOING EDUCATIONAL NEEDS TO THE BREADTH OF THE PROFESSION. THE EDUCATIONAL MISSION IS ALSO ENHANCED BY THE CONFERENCE TRADESHOW, WHICH FEATURES MORE THAN 500 EXHIBITORS WHO SHARE NEW PRODUCTS, SCIENTIFIC INNOVATIONS, AND A RANGE OF SERVICES SPECIFICALLY DEVELOPED FOR VETERINARY PROFESSIONALS. 10352234 9184215 IN EARLY 2009, THE ORGANIZATION OPENED THE OQUENDO CENTER, A NEARLY 70,000 SQUARE-FOOT HANDS-ON TRAINING AND EDUCATION FACILITY IN LAS VEGAS, NEVADA. IN 2021, THE ORGANIZATION OPENED A SECOND 70,000 SQUARE FOOT HANDS-ON TRAINING AND EDUCATION FACILITY LOCATED JUST ONE BLOCK FROM THE OQUENDO CENTER. THESE TWO FACILITIES ARE NOW KNOWN AS THE OQUENDO CAMPUS AND THE EASTERN CAMPUS, AND TOGETHER COMPRISE THE VITICUS CENTER (THE CENTER). THE CENTER PROVIDES AN ENVIRONMENT THAT IS ADAPTABLE TO A RANGE OF MEDICAL EDUCATION PROGRAMMING AND THE OPPORTUNITY TO DELIVER EDUCATION YEAR-ROUND. THE CENTER FEATURES EDUCATIONAL AMENITIES SUCH AS 190-SEAT THEATER, FLEXIBLE MEETING SPACE AND MULTIPLE FULLY EQUIPPED CLINICAL AND DIAGNOSTIC LABORATORIES, ALL DESIGNED TO EDUCATE PARTIES ON AND ADVANCE WORLDWIDE HEALTH SOLUTIONS. PARTICIPANTS IN THE ORGANIZATION'S COURSES EXPERIENCE A VARIETY OF LEARNING STYLES FROM HANDS-ON LABS AND LECTURES TO PROFESSIONAL AND CAREER DEVELOPMENT WORKSHOPS, AS WELL AS NETWORKING FUNCTIONS AND SPECIAL EVENTS. THE CENTER IS ONE OF THE ONLY FACILITIES OF ITS KIND, DEDICATED TO HANDS-ON CLINICAL TRAINING FOR HUMAN AND VETERINARY PROFESSIONALS. 2049845 1599236 THE CLINICAL PROFICIENCY EXAMINATION (CPE) IS THE FOURTH STEP IN ASSESSING THE EDUCATIONAL EQUIVALENCY OF FOREIGN VETERINARY SCHOOL GRADUATES. IT IS INTENDED TO ASSESS THE PRACTICAL CLINICAL SKILLS OF AN 'ENTRY-LEVEL' VETERINARIAN. CONTRACTED THROUGH THE AMERICAN VETERINARY MEDICAL ASSOCIATION (AVMA) THE CPE IS A RIGOROUS 3-DAY, 7-SECTION CLINICAL SKILLS EXAMINATION ADMINISTERED BY THE FACULTY OF A COLLEGE OF VETERINARY MEDICINE. THE CENTER IS ONE OF TWO FACILITIES IN THE UNITED STATES THAT CONDUCTS THE EXAM. THE ORGANIZATION OFFERS EXAMS AT LEAST TEN TIMES PER YEAR, WITH OVER 200 VETERINARIANS ASSESSED. 19811993 1 1 0 1 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 320 0 1 139 1 1 1 0 0 0 0 0 0 0 0 0 X 15 15 1 0 0 0 1 1 0 1 0 0 0 1 1 1 1 1 1 1 1 0 X STEPHANIE GERLING 8668007326 2425 E OQUENDO RD LAS VEGAS NV 89120 ANDREA DAVIS CHIEF EXECUTIVE OFFICER 40.00 X 410054 0 34876 DR ANTHONY PEASE CHIEF VETERINARY MEDICAL OFFICER 40.00 X 294958 0 30345 STEPHANIE GERLING CHIEF FINANCIAL OFFICER 40.00 X 273222 0 37786 AUBREY ARREOLA CHIEF OPERATIONS OFFICER 40.00 X 273152 0 32828 CRYSTAL VAQUERA DIRECTOR OF VETERINARY EVENTS 40.00 X 126422 0 13913 JOEL ALTMAN DIRECTOR OF INDUSTRY RELATIONS 40.00 X 104671 0 24831 SANDRA BAKER ACCOUNTING DIRECTOR 40.00 X 117904 0 6118 EDWARD WILLIAMS IT DIRECTOR 40.00 X 108163 0 24396 SHAWNA CLAWSON DIRECTOR OF HUMAN HEALTH PROGRAMS 40.00 X 129894 0 12708 DR DARWIN YODER DIRECTOR(THRU MARCH 2022) 2.00 X 20019 0 0 DR MEREDYTH JONES DIRECTOR 2.00 X 20007 0 0 DR WILLIAM WRIGHT DIRECTOR 2.00 X 23133 0 0 DR MORGAN MCARTHUR DIRECTOR(THRU MARCH 2022) 2.00 X 7638 0 0 DR JOAN BOWEN DIRECTOR 2.00 X 1462 0 0 DR TRAVIS MCDERMOTT DIRECTOR 2.00 X 0 0 0 DR BRIAN DARROW DIRECTOR 2.00 X 13500 0 0 DR SHAWN TSUDA DIRECTOR 2.00 X 6000 0 0 DR THOMAS TULLY DIRECTOR 2.00 X 19831 0 0 DR MIGUEL ORTIZ DIRECTOR 2.00 X 13500 0 0 DR MEGAN SKEFFINGTON DIRECTOR 2.00 X 18453 0 0 DR MICHAEL JONES DIRECTOR 2.00 X 15345 0 0 DR DUSTY NAGY DIRECTOR 2.00 X 0 0 0 MS LINDA MARKLAND DIRECTOR 2.00 X 8761 0 0 MR E DAVID STEARNS TREASURER/SECRETARY 2.00 X 23006 0 0 DR BRIAN POTEET PRESIDENT 2.00 X 0 0 0 DR DEBORAH MYCHAJLONKA PRESIDENT-ELECT / PRESIDENT 2.00 X 0 0 0 DR GARY WEDDLE VP / PRESIDENT-ELECT 2.00 X 0 0 0 MS HEATHER PRENDERGAST VP (FROM 4/2022) 2.00 X 0 0 0 2029095 0 217801 13 0 1 0 FREEMAN 3325 W SUNSET ROAD LAS VEGAS NV 89118 SHOW MANAGEMENT AND A/V SERVICES 1337410 AMERICAN TRADESHOW SERVICES 217 GENERAL PATTON AVENUE MANDEVILLE LA 70471 CONFERENCE BADGING AND IT SERVICES 423935 TALENT NETWORK INC 200 COMMERCE DR SUITE 209 MOON TWP PA 15108 TALENT AGENT AND TALENT FEES 423625 AURA INNOVATIVE TECHNOLOGY 223 W JACKSON BLVD 975 CHICAGO IL 60606 DATABASE AND WEBSITE PROGRAMMING 319938 MDG - MARKETING DESIGN GROUP 2445 5TH AVENUE SUITE 450 SAN DIEGO CA 92101 MARKETING SERVICES 191169 11 50913 50913 ANNUAL CONFERENCE 900099 11417655 11417655 VITICUS CENTER 900099 9184215 9184215 CPE EVENTS 900099 1599236 1599236 22201106 33374 33374 24010 24010 17530 51496 -33966 -33966 -22264 -11702 OTHER 900099 24287 24287 24287 22299724 22201106 -22264 69969 1516388 694414 817740 4234 61142 61142 4465739 4169979 295486 274 205561 166299 39113 149 388809 337930 50732 147 392776 317757 74735 284 29283 3256 26027 45219 4934 40285 1826174 1657424 168750 721234 718085 3149 58178 58178 406916 386772 18390 1754 609977 559664 50313 988175 927788 55226 5161 1430776 1348007 75271 7498 276115 243511 30309 2295 SUPPLIES AND SERVICES 6283320 6074822 202980 5518 FOOD AND BEVERAGE 1103217 1045051 58166 LODGING 344775 325374 19401 BANK FEES 299590 289400 10190 501347 483348 16462 1537 21954711 19811993 2113867 28851 1981692 2898059 4830212 8558177 750 1241074 886585 665998 764653 43345269 11363495 32550358 31981774 3520 184667 41273604 45273915 2633352 1125521 5925007 9342891 21192994 19024475 41298 16059 184667 27598893 31887371 X 13673961 13386544 750 0 13674711 13386544 41273604 45273915 X 345013 -633180 X 0 1 X 1 0 X 297296 13045 23892 2128160 50913 2513306 18232401 19869946 16760219 17277437 22201106 94341109 18529697 19882991 16784111 19405597 22252019 96854415 122975 5000 10000 4260 142235 571512 428135 1074070 3061141 4001490 9136348 694487 433135 1084070 3061141 4005750 9278583 87575832 30572 46307 12938 7690 74914 172421 30572 46307 12938 7690 74914 172421 371612 194842 0 566454 207 909 1116 18560269 19929505 17169570 19608129 22326933 97594406 0.89730 0.88940 0.00180 0.01510 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 19812098 19812098 1000000 250000 0 0 997880 891248 1000000 1000000 3889128 5833692 14 0 20 0 34 249470 222812 250000 250000 972282 1458423 14 0 20 0 34 3846878 3846878 32059841 6444478 25615363 1506392 430685 1075707 5588913 4251454 1337459 343245 236878 106367 31981774 OPERATING LEASE LIABILITIES 184667 184667 X 22351970 52246 52246 22299724 0 22299724 22006207 51496 51496 21954711 0 21954711 PART X, LINE 2: THE ORGANIZATION IS ORGANIZED AS A NEVADA NONPROFIT CORPORATION AND HAS BEEN RECOGNIZED BY THE INTERNAL REVENUE SERVICE (IRS) AS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(A) OF THE INTERNAL REVENUE CODE AS ORGANIZATIONS DESCRIBED IN SECTION 501(C)(3), QUALIFIES FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER SECTIONS 170(B)(1)(A), AND HAS BEEN DETERMINED NOT TO BE A PRIVATE FOUNDATION UNDER SECTION 509(A). THE ORGANIZATION IS ANNUALLY REQUIRED TO FILE A RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX (FORM 990) WITH THE IRS. IN ADDITION, THE ENTITY IS SUBJECT TO INCOME TAX ON NET INCOME THAT IS DERIVED FROM BUSINESS ACTIVITIES THAT ARE UNRELATED TO THE EXEMPT PURPOSES. MANAGEMENT HAS DETERMINED THAT THE ENTITY IS SUBJECT TO UNRELATED BUSINESS INCOME TAX AND HAS FILED AN EXEMPT ORGANIZATION BUSINESS INCOME TAX RETURN (FORM 990-T) WITH THE IRS TO REPORT ITS UNRELATED BUSINESS TAXABLE INCOME. THERE WERE NO INCOME TAXES DUE FOR UNRELATED BUSINESS ACTIVITIES FOR THE YEAR ENDED DECEMBER 31, 2022. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE THE ORGANIZATION TO EVALUATE TAX POSITIONS TAKEN BY THE ORGANIZATION AND RECOGNIZE A TAX LIABILITY IF THE ORGANIZATION HAS TAKEN AN UNCERTAIN TAX POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY TAX AUTHORITIES. THE ORGANIZATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. PART XI, LINE 2D - OTHER ADJUSTMENTS: RELEASE FROM RESTRICTIONS 750. RENTAL EXPENSE 51,496. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 51,496. X 1 1 X X X X X 0 0 0 0 0 0 0 1 0 ANDREA DAVIS CHIEF EXECUTIVE OFFICER 389798 0 20256 0 0 0 14950 0 19926 0 444930 0 0 0 DR ANTHONY PEASE CHIEF VETERINARY MEDICAL OFFICER 276702 0 18256 0 0 0 14691 0 15654 0 325303 0 0 0 STEPHANIE GERLING CHIEF FINANCIAL OFFICER 254966 0 18256 0 0 0 13971 0 23815 0 311008 0 0 0 AUBREY ARREOLA CHIEF OPERATIONS OFFICER 254896 0 18256 0 0 0 13703 0 19125 0 305980 0 0 0 PART I, LINE 1A THE ORGANIZATION OCCASIONALLY PROVIDES BONUS PAYMENTS TO EMPLOYEES WHICH ARE GROSSED-UP. THE ENTIRE AMOUNT OF THESE GROSSED-UP PAYMENTS ARE INCLUDED IN THE EMPLOYEES W-2 WAGES. PART I, LINE 7 DISCRETIONARY BONUSES ARE DETERMINED ON A MERIT BASIS FOR UNDERTAKINGS SUCH AS EXTRA PROJECTS, OR OTHER WORK, TAKEN ON OUTSIDE OF A TEAM MEMBER'S STANDARD ROLE, OR OUTSTANDING ACCOMPLISHMENTS WHICH MANAGEMENT OR THE BOARD DETERMINES A BONUS IS WARRANTED. A PUBLIC FINANCE AUTHORITY 273866124 74442PWP6 2022-02-17 915000 BUILDING 0 0 0 B PUBLIC FINANCE AUTHORITY 273866124 74442PWL5 2022-02-17 3845000 BUILDING 0 0 0 C PUBLIC FINANCE AUTHORITY 273866124 74442PWM3 2022-02-17 7215000 BUILDING 0 0 0 D PUBLIC FINANCE AUTHORITY 273866124 74442PWN1 2022-02-17 10805000 BUILDING 0 0 0 A 295000 915964 454122 378255 8966 787766 2022 0 0 1 1 B 3849053 187927 33008 37675 3310341 2022 0 0 1 1 C 7222605 352639 61890 70695 6211732 2022 0 0 1 1 D 10816388 555115 92648 105871 9302531 2022 0 0 1 1 A 0 0 0 0 0.00000 0.00080 0.00080 0 0 1 B 0 0 0 0 0.00000 0.00080 0.00080 0 0 1 C 0 0 0 0 0.00000 0.00080 0.00080 0 0 1 D 0 0 0 0 0.00000 0.00080 0.00080 0 0 1 A 0 0 0 0 0 0 0 0 1 B 0 0 0 0 0 0 0 0 1 C 0 0 0 0 0 0 0 0 1 D 0 0 0 0 0 0 0 0 1 A 1 B 1 C 1 D 1 PART II, LINE 3 THERE WAS $24,010 OF INTEREST EARNED FROM BOND REVENUE, THIS AMOUNT WAS ALLOCATED TO EACH BOND BASED ON PERCENTAGE OF TOTAL ISSUANCE. JEROME GERBER FAMILY RELATIONSHIP WITH OFFICER AUBREY ARREOLA 61142 EMPLOYEE COMPENSATION 0 FORM 990, PART VI, SECTION A, LINE 1A SECRETARY/TREASURER, PARLIAMENTARIAN, AND CEO ARE NON-VOTING MEMBERS OF THE BOARD. FORM 990, PART VI, SECTION A, LINE 2 THE COO IS RELATED TO ONE OF THE ACCOUNTING DEPARTMENT EMPLOYEES, THE CVMO IS RELATED TO ONE OF THE CPE EXAMINERS, DR. WHITE AND DR. MCDERMOTT ARE BOTH INVESTORS IN AN ANIMAL HOSPITAL, THE CVMO IS EMPLOYED PART TIME AT THE SAME COMPANY WHERE THE TREASURER IS EMPLOYED, THE COO'S HUSBAND OWNS A CONSTRUCTION COMPANY THAT DID A HOME IMPROVEMENT PROJECT FOR A KEY EMPLOYEE. FORM 990, PART VI, SECTION A, LINE 6 MEMBERS OF THE ORGANIZATION SHALL CONSIST OF THE FOLLOWING: (A) EACH VETERINARIAN WHO WAS EITHER (I) AN ATTENDEE OR SPEAKER AT THE IMMEDIATELY PRECEDING ANNUAL CONFERENCE OF WVC (THE "ANNUAL CONFERENCE"), OR (II) AN ATTENDEE OR SPEAKER AT ONE OR MORE OF THE CORPORATION'S HOSTED IN-PERSON CONFERENCES, COURSES OR EVENTS HELD DURING THE PERIOD COMMENCING ON THE DAY FOLLOWING THE CLOSING DATE OF THE IMMEDIATELY PRECEDING ANNUAL CONFERENCE THROUGH THE CLOSING DATE OF THE NEXT ANNUAL CONFERENCE, (WHICH PARTICIPATION THEREIN DESIGNATES SUCH VETERINARIAN THE STATUS AS A "VETERINARY MEMBER" OF THE CORPORATION), SHALL BE A "VETERINARY MEMBER" THROUGH AND UNTIL THE CLOSING DATE OF THE NEXT ANNUAL CONFERENCE. (B) EACH VETERINARY TECHNICIAN WHO WAS EITHER (I) AN ATTENDEE OR SPEAKER AT THE IMMEDIATELY PRECEDING ANNUAL CONFERENCE OF WVC (THE "ANNUAL CONFERENCE"), OR (II) AN ATTENDEE OR SPEAKER AT ONE OR MORE OF THE CORPORATION'S HOSTED IN-PERSON CONFERENCES, COURSES OR EVENTS HELD DURING THE PERIOD COMMENCING ON THE DAY FOLLOWING THE CLOSING DATE OF THE IMMEDIATELY PRECEDING ANNUAL CONFERENCE THROUGH THE CLOSING DATE OF THE NEXT ANNUAL CONFERENCE, (WHICH PARTICIPATION THEREIN DESIGNATES SUCH VETERINARY TECHNICIAN THE STATUS AS AN "ASSOCIATE MEMBER" OF THE CORPORATION), SHALL BE AN "ASSOCIATE MEMBER" THROUGH AND UNTIL THE CLOSING DATE OF THE NEXT ANNUAL CONFERENCE. (C) EACH PHYSICIAN OF HUMAN MEDICINE WHO WAS AN ATTENDEE OR SPEAKER AT ONE OR MORE OF THE CORPORATION'S HOSTED IN-PERSON CONFERENCES, COURSES OR EVENTS HELD DURING THE PERIOD COMMENCING ON THE DAY FOLLOWING THE CLOSING DATE OF THE IMMEDIATELY PRECEDING ANNUAL CONFERENCE OF WVC (THE "ANNUAL CONFERENCE") THROUGH THE CLOSING DATE OF THE NEXT ANNUAL CONFERENCE, (WHICH PARTICIPATION THEREIN DESIGNATES SUCH PHYSICIAN THE STATUS AS A "HUMAN MEDICINE MEMBER" OF THE CORPORATION), SHALL BE A "HUMAN MEDICINE MEMBER" THROUGH AND UNTIL THE CLOSING DATE OF THE NEXT ANNUAL CONFERENCE. FORM 990, PART VI, SECTION A, LINE 7A EACH VETERINARY MEMBER OF RECORD AS OF THE RECORD DATE AS ESTABLISHED PURSUANT TO ARTICLE III, SECTION 10 SHALL BE ENTITLED TO VOTE ON THE ELECTION OF (A) MEMBERS OF THE BOARD OF DIRECTORS WHO ARE TO SERVE AS VETERINARY DIRECTORS PURSUANT TO ARTICLE IV, SECTION 1(E), AND (B) VICE PRESIDENT PURSUANT TO ARTICLE V, SECTION 2(C). EACH ASSOCIATE MEMBER OF RECORD AS OF THE RECORD DATE AS ESTABLISHED PURSUANT TO ARTICLE III, SECTION 10 SHALL BE ENTITLED TO VOTE ON THE ELECTION OF THAT MEMBER OF THE BOARD OF DIRECTORS WHO IS TO SERVE AS THE VETERINARY TECHNICIAN DIRECTOR PURSUANT TO ARTICLE IV, SECTION 1(D). EACH ASSOCIATE MEMBER CAN ALSO VOTE FOR THE VP CANDIDATE AS THE OTHER TWO MEMBERSHIP CATEGORIES CAN. IT IS UNDER ARTICLE IV, SECTION 1 (D) AND (B) AND ARTICLE V, SECTION 2(C) OF THE 2022 BYLAWS. EACH HUMAN MEDICINE MEMBER OF RECORD AS OF THE RECORD DATE ESTABLISHED PURSUANT TO ARTICLE III, SECTION 10 SHALL BE ENTITLED TO VOTE ON THE ELECTION OF (Y) THE PERSON WHO IS TO SERVE AS THE HUMAN MEDICINE DIRECTOR PURSUANT TO ARTICLE IV, SECTION 1(F), AND (Z) VICE PRESIDENT PURSUANT TO ARTICLE V, SECTION 2(C). SUCH ELECTIONS SHALL BE HELD IN ACCORDANCE WITH THESE BYLAWS AND NRS 82.286, AND SUCH ELECTIONS MAY BE HELD ANNUALLY BY BALLOT IN ACCORDANCE WITH NRS 82.326 INSTEAD OF AT THE ANNUAL MEMBER MEETING AT THE OPTION OF THE BOARD OF DIRECTORS. THE MEMBERS SHALL HAVE NO OTHER RIGHT TO VOTE ON ANY OTHER MATTERS UNLESS THE BOARD DETERMINES, IN ITS SOLE DISCRETION, A VOTE ON SUCH MATTERS SHALL BE PRESENTED TO THE MEMBERS OR UNLESS REQUIRED BY THE ARTICLES OF INCORPORATION OR BY NRS CHAPTER 82. FORM 990, PART VI, SECTION A, LINE 8B THERE ARE NO COMMITTEES WITH BROAD AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN OUTSIDE TAX PREPARATION FIRM AND THEN REVIEWED BY THE CFO. THE TAX PREPARATION FIRM THEN GOES OVER THE 990 WITH THE BOARD AND EXPLAINS THE RETURN AND ANSWERS ANY QUESTIONS. THE BOARD THEN FORMALLY VOTES TO ACCEPT THE 990 AS PREPARED BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION'S CONFLICT OF INTEREST POLICY REQUIRES TRANSACTIONS OR INVESTMENTS BETWEEN THE ORGANIZATION AND INTERESTED PERSONS (AS HEREINAFTER DEFINED) THAT GIVE RISE TO A CONFLICT OF INTEREST UNDER THE ORGANIZATION'S CONFLICT OF INTEREST POLICY TO BE REVIEWED BY EITHER THE BOARD OF DIRECTORS OR A COMMITTEE OF THE BOARD OF DIRECTORS (THE "REVIEWING BODY"). INTERESTED PERSONS ARE REQUIRED TO REPORT CONFLICT OF INTEREST TRANSACTIONS TO THE REVIEWING BODY. THE REVIEWING BODY REVIEWS THE TRANSACTION TO DETERMINE IF A CONFLICT OF INTEREST EXISTS AND IF IT IS IN THE BEST INTEREST OF THE ORGANIZATION TO ENGAGE IN THE TRANSACTION. THE INTERESTED PERSON MAY PRESENT THE FACTS MATERIAL TO THE CONFLICT OF INTEREST TRANSACTION BUT IS PROHIBITED FROM DELIBERATING THE MERITS OF THE CONFLICT OF INTEREST TRANSACTION WITH THE REVIEWING BODY OR VOTING WITH THE REVIEWING BODY ON WHETHER THE ORGANIZATION SHOULD ENGAGE IN THE CONFLICT OF INTEREST TRANSACTION. IF AN INTERESTED PERSON FAILS TO DISCLOSE A CONFLICT OF INTEREST TRANSACTION, THEN, UPON DISCOVERY OF THE CONFLICT OF INTEREST TRANSACTION, THE REVIEWING BODY REVIEWS THE CONFLICT OF INTEREST TRANSACTION AND POSSESSES THE ABILITY TO TAKE ANY NECESSARY DISCIPLINARY AND CORRECTIVE ACTION. THE TERM "INTERESTED PERSON" INCLUDES, WITHOUT LIMITATION: A) ANY CURRENT OR FORMER SENIOR EXECUTIVE OFFICERS OF THE ORGANIZATION, INCLUDING THE CHIEF EXECUTIVE OFFICER ("CEO"), CHIEF FINANCIAL OFFICER ("CFO") AND CHIEF VETERINARY MEDICAL OFFICER ("CVMO"); B) ANY CURRENT DIRECTOR OF THE ORGANIZATION OR PERSON WHO HAS SERVED AS A DIRECTOR OF THE ORGANIZATION WITHIN THE PAST FIVE YEARS; C) ANY CURRENT OR FORMER EMPLOYEE OF ORGANIZATION WHOSE COMPENSATION IS REPORTED ON THE ORGANIZATION'S ANNUAL FORM 990 TO THE IRS AS A "KEY EMPLOYEE" (THIS THRESHOLD IS CURRENTLY ANY EMPLOYEE MAKING IN EXCESS OF $150,000 PER YEAR); D) ANY INDIVIDUAL WHO IS THE SPOUSE, BROTHER OR SISTER (WHETHER WHOLE OR HALF-BLOOD), ANCESTOR, CHILD (WHETHER NATURAL OR ADOPTED), GRANDCHILD, GREAT- GRANDCHILD, OR THE SPOUSE OF A BROTHER OR SISTER, CHILD, GRANDCHILD, OR GREAT-GRANDCHILD, OF AN INDIVIDUAL REFERENCED IN SUBPARAGRAPHS A-C, ABOVE; AND E) ANY ORGANIZATION IN WHICH AN INDIVIDUAL DESCRIBED IN SUBPARAGRAPHS A-D, ABOVE, HAS JOINT OR SOLE CONTROL OR A FIFTEEN PERCENT (15%) OR GREATER BENEFICIAL INTEREST. THOSE COVERED UNDER THE POLICY ARE REQUIRED TO SIGN AN ANNUAL DISCLOSURE STATEMENT FOR REVIEW BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 15 WVC ENGAGES PROFESSIONAL COMPENSATION ANALYSTS TO PERFORM A COMPENSATION STUDY AT A MINIMUM OF EVERY THREE YEARS. A COMPENSATION STUDY WAS DONE IN 2021 WHICH COVERED ALL OFFICERS OF THE ORGANIZATION (BOARD COMPENSATION DID NOT CHANGE). AN INDEPENDENT COMPENSATION COMMITTEE OF THE BOARD USES THE COMPENSATION STUDY TO DETERMINE COMPENSATION FOR ALL OFFICERS AND BOARD MEMBERS. FORM 990, PART VI, SECTION C, LINE 18 THE ORGANIZATION MAKES THE FORM 990 AND 990T AVAILABLE UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES THE APPLICABLE DOCUMENTS AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: LOSS ON DISPOSAL OF PROPERTY AND EQUIPMENT -62,556. PREPAYMENT PENALTY ON LOAN REFINANCE -570,624.