Veterans Research Foundation
- Assets
- $4.9m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 26
- Location
- Pittsburgh, PA
- Founding
- 07/1992
- Data as of
- 12/2021
- EIN
- 25-1666090
Organization Overview
Veterans Research Foundation is located in Pittsburgh, PA. The organization was established in 1992. According to its NTEE Classification (W30) the organization is classified as: Military & Veterans Organizations, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2021, Veterans Research Foundation employed 26 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Veterans Research 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 12/2021, Veterans Research Foundation generated $2.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $2.9m during the year ending 12/2021. While expenses have increased by 6.6% per year over the past 7 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 ENHANCE THE HEALTH AND WELL BEING OF VETERANS BY SUPPORTING AND ADVANCING RESEARCH AND EDUCATION AT THE VA PITTSBURGH HEALTHCARE SYSTEM WHILE OBSERVING THE HIGHEST ETHICAL STANDARDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION WAS ESTABLISHED TO PROVIDE A FLEXIBLE MECHANISM TO FACILITATE THE CONDUCT OF APPROVED MEDICAL RESEARCH AT AND IN CONJUNCTION WITH THE VA PITTSBURGH HEALTHCARE SYSTEM. THE PURPOSE IS TO ENCOURAGE THE PERFORMANCE OF MEDICAL RESEARCH WHICH WILL RESULT IN IMPROVED MEDICAL CARE AND TREATMENT FOR VETERANS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alanna Caffas Chief Executive Officer | Officer | 40 | $132,510 |
Steven H Graham MD Secretary/treasurer | OfficerTrustee | 0.4 | $0 |
Ali Sonel MD Chairman | OfficerTrustee | 0.4 | $0 |
Donald Koenig JD Board Member | Trustee | 0.3 | $0 |
Marlon Ferguson Board Member | Trustee | 0.3 | $0 |
D James Mcmahon CPA Board Member | Trustee | 0.3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,525,708 |
| All other contributions, gifts, grants, and similar amounts not included above | $140,338 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,666,046 |
| Total Program Service Revenue | $832,052 |
| Investment income | $34,669 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $324 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,533,091 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $325,788 |
| 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. | $149,565 |
| Compensation of current officers, directors, key employees. | $149,565 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,165,094 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $152,323 |
| Payroll taxes | $107,379 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $645 |
| Fees for services: Accounting | $43,984 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $7,181 |
| Fees for services: Other | $633,870 |
| Advertising and promotion | $28,898 |
| Office expenses | $1,812 |
| Information technology | $12,468 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $17,920 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,336 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $16,264 |
| Insurance | $8,935 |
| All other expenses | $11,140 |
| Total functional expenses | $2,945,354 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,697,167 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $471,998 |
| 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 | $11,209 |
| Net Land, buildings, and equipment | $42,103 |
| Investments—publicly traded securities | $2,638,794 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,286 |
| Total assets | $4,865,557 |
| Accounts payable and accrued expenses | $452,443 |
| Grants payable | $0 |
| Deferred revenue | $41,066 |
| 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 | $75,207 |
| Total liabilities | $568,716 |
| Net assets without donor restrictions | $2,735,646 |
| Net assets with donor restrictions | $1,561,195 |
| 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 | $4,865,557 |
Grants Awarded
Over the last fiscal year, Veterans Research Foundation has awarded $250,083 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Minneapolis, MN PURPOSE: RESEARCH | $126,906 |
PORTLAND STATE UNIVERSITY PURPOSE: RESEARCH | $75,656 |
THE PENNSYLVANIA STATE UNIVERSITY PURPOSE: RESEARCH | $31,168 |
OREGON HEALTH & SCIENCE UNIVERSITY PURPOSE: RESEARCH | $16,353 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Veterans Research Foundation has recieved totaling $306,699.
| Awarding Organization | Amount |
|---|---|
American Heart Association Inc Dallas, TX PURPOSE: RESEARCH | $298,536 |
Mayo Clinic Group Return Rochester, MN PURPOSE: SUPPORT CHARITABLE PROGRAMS | $8,150 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $13 |
Endowment Analysis
| Beg. Balance | $1,004,373 |
| Earnings | -$16,450 |
| Admin Expense | $625,371 |
| Net Contributions | $666,912 |
| Ending Balance | $1,029,464 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Veterans Multi-Service Center Inc Philadelphia, PA | $4,990,474 | $14,923,218 |
Americas Vetdogs The Veterans K9 Corps Inc Smithtown, NY | $4,103,216 | $9,390,820 |
Vietnam Veterans Of America Inc Silver Spring, MD | $22,711,920 | $10,930,074 |
United Spinal Association Inc Kew Gardens, NY | $8,457,849 | $8,910,555 |
Veterans Leadership Program Of Western Pennsylvania Inc Pittsburgh, PA | $2,368,240 | $7,560,705 |
Naval Academy Sailing Foundation Inc Annapolis, MD | $38,236,455 | $2,114,798 |
Amvets Lanham, MD | $9,484,148 | $3,609,128 |
Veterans Outreach Center Inc Rochester, NY | $10,292,940 | $5,967,513 |
Air Force Sergeants Association Suitland, MD | $6,098,663 | $3,171,289 |
Veterans Research Foundation Pittsburgh, PA | $4,865,557 | $2,533,091 |
American Legion Wormleysburg, PA | $6,891,300 | $3,184,606 |
Common Defense Civic Engagement New York, NY | $599,694 | $2,910,495 |