LABMEDRx for Rescued Labs

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LABMED 2006 Annual Report

A 501(c)(3) organization
A 501(c)(3) organization
3941 Legacy Drive
Suite 204, A1115
Plano, TX 75023
info@labmed.org
Virtual Headquarters: www.labmed.org

Contents:
I. Mission Statement
II. Funding Activities
III. Goals and Objectives
IV. Financial Statement
V. Directors, Officers, and Advisory Boards

I. Mission Statement and Introduction

LABMED, Inc. is a 501 (c)(3) nonprofit organization founded in 1996 to provide emergency monies to offset expenses incurred in the veterinary medical treatment of ill or injured Labrador Retrievers in a rescue situation. LABMED is a potential resource where funding medical treatment for an abandoned or rescued dog is unavailable or inadequate, owing to but not limited to: insufficient funds available through a local Labrador Retriever or general rescue organization for treatment of dogs, lack of a local Labrador Retriever or general rescue organization, or exhaustion of all other avenues of funding.

What is LABMED?

LABMED is an Internet based organization with international representation. By using the communication powers of the Internet, LABMED is able to intercede rapidly on the behalf of deserving Labrador Retrievers worldwide. The ultimate goal of LABMED is to help raise the quality of life and adoptability of rescued animals who are expected to regain good health and who display the positive temperament which so typifies the Labrador as a breed. LABMED provides these dogs with the opportunity to lead happy, healthy lives in stable loving homes. In addition, through its efforts and the example it sets, LABMED aims to stimulate a dialogue that will educate the general public about rescue animals and rescue organizations. LABMED is an organization that is meeting its challenges head on with professionalism and enthusiasm.


II. Funding Activities

2006 was a year of challenges for LABMED. During 2006, LABMED received many applications for assistance, of which 66 met our guidelines and received funding. LABMED became a victim of its own success, however, and funds ran short—so short that the organization was forced to suspend business for 8 months until we could reorganize, recruit more Board members, replenish the treasury and open again in early 2007.

Not all LABMED applications are approved. LABMED is careful to screen and double check each application making sure that guidelines are met.


III. Goals and Objective

Objective 1: Raise Public Awareness

  • Newsletter - Each issue of LABMED's new Internet newsletter reaches over 1200 subscribers and by posting on our Web site, reaches many more..
  • Club Outreach - LABMED had information/sales booths at several specialty shows and other events across the country with many more planned.
  • Outreach to other breeds-- LABMED provided information to several breed specific groups wishing to form similar organizations.
  • LABMED continues to add to the medical links on our information page. In addition, Board Members respond to many email requests from Lab owners, answering questions about general and specific health issues as well as giving advice about behavior and training or referring the Lab owner to local resources.

Objective 2: Increase Revenues

In 2006 LABMED fell short of its goal to meet the increased demand for funds by continued development of funding sources. We are planning now for ways to ensure that this does not happen again.

Objective 3: Board and Staff Development

Objective 3: Board and Staff Development Board and volunteer development efforts continued with the recruitment of new Board members. Five new Board members were recruited in 2006 and became full-fledged Directors in 2007, and volunteers were recruited for a variety of tasks.


 

LABMED

 

 

Unaudited Financial Statement

 

 

Year End December 31, 2006

 

 

 

 

 

 

Account Balance 1/1/06

$22,865.04

 

 

Inventory and Equipment

$8450.00

 

Fund Balance

 

$31,315.04

 

 

 

 

Revenue

 

 

 

Contributions

$11,716.20

 

 

Quilt Raffle

$1600.00

 

 

Merchandise

$6203.90

 

 

Interest Income

$20.50

 

 

Other Revenue

$0.00

 

Total Revenue

 

$19, 540.60

 

 

 

 

Expenses

 

 

 

Funding

$22,858.92

 

 

Administrative

$0.00

 

 

PO Box Rent, Verisign

$219.00

 

 

Shipping

$802.43

 

Total Expenses

 

$23,880.35

 

Account Balance 12/31/06

$22,317.87

 

 

Inventory and Equipment

$8450.00

 

Fund Balance

 

$30,767.87

 

 

 

 


LABMED's policy has been to ensure that direct donations are spent on funding dogs rather than on administrative costs.


V. Directors, Officers, and Advisory Boards

2006 LABMED Board of Directors

Terry Albert – California
Linda Bagby - California
Heather Bowden – Texas
Edith Bryan - Washington
Deb Clark - Maine
Jim Groenke - California
Deborah Hamele - Wisconsin
Donna Harrison – Mississippi
Susan Jenkins – Ohio
Rhonda Klark - Tennessee
Leigh Martin – Tennessee
Elizabeth Pannill, DVM - Texas
L. Dianne Walsh - Pennsylvania

LABMED'S 2006 Officers

Edith Bryan, President
Jim Groenke, Vice President
Heather Bowden, Secretary
Susan Jenkins, Treasurer

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