Boston Va Research Institute Inc
- Assets
- $30.7m
- Revenue
- $10.9m
- Investments
- $0.0
- Employees
- 75
- Location
- Boston, MA
- Founding
- 05/1991
- Data as of
- 12/2021
- EIN
- 04-3081524
Organization Overview
Boston Va Research Institute Inc is located in Boston, MA. The organization was established in 1991. As of 12/2021, Boston VA Research Institute Inc employed 75 individuals. This organization is the central organization for a national or regional group of organizations. Boston VA Research Institute Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Boston VA Research Institute Inc generated $10.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.7%) each year. All expenses for the organization totaled $10.8m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (4.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SERVE VETERANS BY ADVANCING QUALITY HEALTHCARE THROUGH INQUIRY, INNOVATION, AND CONTINUOUS ACHIEVEMENT IN RESEARCH AND EDUCATION AT THE VA BOSTON HEALTHCARE SYSTEM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BASIC MEDICAL RESEARCH: IN 2021 BVARI ACTIVELY ENGAGED IN 29 BASIC CLINICAL AND BOPMEDICAL RESEARCH PROJECTS. A BROAD RANGE OF VETERAN RELATED RESEARCH QUESTIONS ARE BEING PURSUED IN THESE VA APROVED RESEARCH PROJECTS, INCLUDING POST TRAUMATIC STRESS DISORDER (PTSD), ONCOLOGY, OBESITY, INFORMATICS, MENTAL HEALTH, PSYCHOLOGICAL, AND SOCIAL IMPACT OF WARS AMONG ACTIVE DUTY MILIATY PERSONNEL, AND RELATIONSHIP AGGRESSION. MANY OF THESE ARE MULTI-YEAR PROJECTS AND WILL BE CONTINUED FOR SEVERAL YEARS.
CLINICAL RESEARCH: IN 2021 BVARI ACTIVELY ENGAGED IN 39 HUAMN SUBJECT CLINICAL RESEARCH PROJECTS WITH THE GOAL OF IMPROVING THE HEALTH AND HEALTHCARE OF THE VETERAN POPULATION. THE CLINICAL TRIALS RANGE FROM INVESTIGATOR INITIATED PROJECTS TO THE STUDY OF DRUG DOSING AND EFFECTIVENESS. CLINICAL TRIALS TEST THE NEWEST THERAPIES AVAILABLE FOR A RANGE OF MEDICAL ISSUES AFFECTING OUR VETERAN PATIENTS. THESE VA APPROVED TRIALS CONCENTRATE ON MANY MEDICAL CONDITIONS, INCLUDING CANCER, OBESITY, OSTEOPEROSIS, DIABETES, GASTROINTESTINAL CONDITIONS, AND GENERAL MEDICAL AND PSYCHOLOGICAL ISSUES.
EDUCATION: IN 2021 BVARI SUPPORTED 6 EDUCATIONAL EVENTS AND PROGRAMS THAT IMPROVE THE LIVES OF OUR NATIONS VETERANS AS WELL AS THE HEALTHCARE PROFESSIONALS AND TRAINEES WHO CARE FOR THEM. WE COORDINATE AND FACILITATE ATTENDANCE AT SEMINARS, LECTURES, TRAININGS, CONFERENCES, AND ON-GOING EDUCATIONAL DEVELOPMENT PROGRAMS FOR THE VETERANS, THEIR DIRECT CARE PROVIDERS, HEALTHCARE PROFESSIONALS, AND TRAINEES.
ALL OTHER RESEARCH ACITIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Juan Casas Romero Scientific Director Of Partnership | 40 | $205,393 | |
Patricia Mcnulty Ms CEO | Officer | 40 | $186,862 |
Siamack Ayandeh Big Data Architect | 40 | $166,168 | |
Sherilyn Sawyer Director Of Precision Medicine | 40 | $165,076 | |
Anthony Catanese Deputy Executive Director For Maveric | 40 | $140,372 | |
Janyce Sarmaniote Director Of Finance | Officer | 40 | $136,948 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $8,119,716 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,357,346 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,477,062 |
| Total Program Service Revenue | $836,227 |
| Investment income | $6,232 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,948,061 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $411,208 |
| Compensation of current officers, directors, key employees. | $411,208 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,232,425 |
| Pension plan accruals and contributions | $204,787 |
| Other employee benefits | $803,015 |
| Payroll taxes | $345,965 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,664 |
| Fees for services: Accounting | $49,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $871,343 |
| Advertising and promotion | $0 |
| Office expenses | $49,256 |
| Information technology | $178,963 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $6,796 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $28,334 |
| Interest | $14,864 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $18,509 |
| Insurance | $24,895 |
| All other expenses | $5,958 |
| Total functional expenses | $10,804,828 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,526,043 |
| Savings and temporary cash investments | $19,089 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,115,991 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $90,657 |
| Net Land, buildings, and equipment | $53,113 |
| Investments—publicly traded securities | $15,876,619 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $30,681,512 |
| Accounts payable and accrued expenses | $2,256,415 |
| Grants payable | $0 |
| Deferred revenue | $25,047,146 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $724,054 |
| Total liabilities | $28,027,615 |
| Net assets without donor restrictions | $2,635,897 |
| Net assets with donor restrictions | $18,000 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $30,681,512 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Boston Va Research Institute Inc has recieved totaling $50,000.
| Awarding Organization | Amount |
|---|---|
The Hope Foundation Ann Arbor, MI PURPOSE: VA INTEGRATION SUPPORT | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Boston Va Research Institute Inc Boston, MA | $30,681,512 | $10,948,061 |
Ocean State Research Institute Inc Providence, RI | $2,864,500 | $5,112,381 |
Nassau Health Care Foundation Inc East Meadow, NY | $5,049,363 | $1,757,395 |
Veterans Health Research Institute Of Central New York Inc Syracuse, NY | $983,260 | $1,749,781 |
Reliant Foundation Inc Worcester, MA | $31,984,712 | $1,697,308 |
Corporation For Advancement Of Medical Technologies Boston, MA | $930,204 | $1,270,027 |
Carl J Shapiro Institute For Education & Research At Harvard Boston, MA | $3,890,734 | $298,980 |
Mcgrorty Foundation Inc Brewster, NY | $4,472,622 | $572,849 |
The Albert And Lin Bildner Foundation Inc New York, NY | $892,022 | $85,297 |
American Federation For Medical Research Foundation Beverly, MA | $162,209 | $0 |
Cancer Research Foundation Inc Chappaqua, NY | $128,337 | $0 |