Philadelphia Research & Education Foundation
- Assets
- $2.6m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 20
- Location
- Philadelphia, PA
- Founding
- 06/2002
- Data as of
- 06/2021
- EIN
- 23-3066002
Organization Overview
Philadelphia Research & Education Foundation is located in Philadelphia, PA. The organization was established in 2002. According to its NTEE Classification (H99) the organization is classified as: Medical Research N.E.C., under the broad grouping of Medical Research and related organizations. As of 06/2021, Philadelphia Research & Education Foundation employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Philadelphia Research & Education Foundation 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 06/2021, Philadelphia Research & Education Foundation generated $2.0m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 13.6% each year . All expenses for the organization totaled $1.4m during the year ending 06/2021. While expenses have increased by 5.3% per year over the past 6 years. They've been increasing with an increasing level of total revenue. 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 FACILITATE AND SERVE THE CORPORAL MICHAEL J. CRESCENZ VETERAN ADMINISTRATION MEDICAL CENTER'S (CMCVAMC) RESEARCH AND EDUCATION PROGRAMS
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE A FLEXIBLE MECHANISM TO FACILITATE THE CONDUCT OF APPROVED MEDICAL RESEARCH & EDUCATION IN CONJUNCTION WITH THE MISSION OF THE CMCVAMC. TO ENCOURAGE & SUPPORT THE PERFORMANCE OF MEDICAL RESEARCH & EDUCATION WHICH WILL RESULT IN IMPROVED MEDICAL CARE & TREATMENT FOR VETERANS & SOCIETY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tinesar Forrest Executive Director | Officer | 40 | $82,276 |
John J Kelly Vice Chair/ Chief Of Staff | OfficerTrustee | 0.25 | $0 |
Kyong-Mi Chang MD Treasurer, Associate Chief Of Staff | OfficerTrustee | 0.25 | $0 |
Karen Flaherty-Oxler Chairman/president | OfficerTrustee | 0.25 | $0 |
Edna Schwab MD Secretary, Associate Chief Of Staff | OfficerTrustee | 0.25 | $0 |
Louis Soslowsky PHD Director | Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $629,507 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,323,619 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,953,126 |
| Total Program Service Revenue | $0 |
| Investment income | $1,325 |
| 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 | $1,954,451 |
| 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. | $89,894 |
| Compensation of current officers, directors, key employees. | $11,776 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $505,506 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $68,343 |
| Payroll taxes | $43,998 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $31,582 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,151 |
| Advertising and promotion | $0 |
| Office expenses | $15,997 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $12,866 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,549 |
| All other expenses | $11,906 |
| Total functional expenses | $1,386,509 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $165,721 |
| Savings and temporary cash investments | $2,366,373 |
| Pledges and grants receivable | $67,293 |
| Accounts receivable, net | $0 |
| 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 | $18,779 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,618,166 |
| Accounts payable and accrued expenses | $243,991 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $1,298,476 |
| Total liabilities | $1,542,467 |
| Net assets without donor restrictions | $456,830 |
| Net assets with donor restrictions | $618,869 |
| 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 | $2,618,166 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Philadelphia Research & Education Foundation has recieved totaling $2,314,001.
| Awarding Organization | Amount |
|---|---|
The Harry & Jeanette Weinberg Foundation Inc Owings Mills, MD PURPOSE: TO SUPPORT IMPLEMENTATION OF CAPABLE ACROSS 9 VA MEDICAL CENTERS (WILKES-BARRE, PHILADELPHIA, PITTSBURGH, ALTOONA, BUTLER, COATESVILLE, ERIE, LEBANON, WILMINGTON, DE) AND 45 SURROUNDING COMMUNITY-BASED OUTPATIENT CLINICS. | $1,250,000 |
Prostate Cancer Foundation Santa Monica, CA PURPOSE: CANCER RESEARCH | $500,000 |
The Harry & Jeanette Weinberg Foundation Inc Owings Mills, MD PURPOSE: TO SUPPORT IMPLEMENTATION OF CAPABLE ACROSS 9 VA MEDICAL CENTERS (WILKES-BARRE, PHILADELPHIA, PITTSBURGH, ALTOONA, BUTLER, COATESVILLE, ERIE, LEBANON, WILMINGTON, DE) AND 45 SURROUNDING COMMUNITY-BASED OUTPATIENT CLINICS. | $250,000 |
Michael J Fox Foundation For Parkinsons Research New York, NY PURPOSE: PARKINSON'S RESEARCH | $237,751 |
The Hope Foundation Ann Arbor, MI PURPOSE: VA INTEGRATION SUPPORT | $50,000 |
American Society For Surgery Of The Hand Chicago, IL PURPOSE: FAST TRACK BASIC SCIENCE GRANT | $26,250 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lankenau Institute For Medical Research Wynnewood, PA | $8,021,343 | $9,109,367 |
Tri-Institutional Therapeutics Discovery Institute Inc New York, NY | $5,819,394 | $16,905,997 |
Zachary And Elizabeth M Fisher Center For Alzheimers Research Fdn New York, NY | $40,802,431 | $10,021,313 |
Coalition Of Cancer Cooperative Groups Philadelphia, PA | $21,235,863 | $14,701,631 |
American Thrombosis And Hemostasisnetwork Inc Rochester, NY | $10,168,996 | $13,364,540 |
University Of Maryland Family Medicine Associates Pa Baltimore, MD | $1,189,573 | $10,954,092 |
Football Research Inc New York, NY | $4,325,864 | $9,164,438 |
National Disease Research Interchange Philadelphia, PA | $6,059,781 | $7,072,153 |
Bronx Veterans Medical Research Foundation Inc Bronx, NY | $9,078,068 | $8,272,955 |
Citizens Committee For Children Of New York New York, NY | $3,634,711 | $3,821,090 |
Cleveland Va Medical Research And Education Foundation Cleveland, OH | $5,763,350 | $4,153,737 |
Pennsylvania Economy League Inc Philadelphia, PA | $2,641,467 | $4,041,486 |