South Florida Veterans Affairs Foundation For Research & Educaton
- Assets
- $7.9m
- Revenue
- $3.0m
- Investments
- $0.0
- Employees
- 37
- Location
- Miami, FL
- Founding
- 11/1990
- Data as of
- 09/2023
- EIN
- 65-0207903
Organization Overview
South Florida Veterans Affairs Foundation For Research & Educaton is located in Miami, FL. The organization was established in 1990. According to its NTEE Classification (W60) the organization is classified as: Financial Institutions, under the broad grouping of Public & Societal Benefit and related organizations. As of 09/2023, South Florida Veterans Affairs Foundation For Research & Educaton employed 37 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. South Florida Veterans Affairs Foundation For Research & Educaton 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 09/2023, South Florida Veterans Affairs Foundation For Research & Educaton generated $3.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $2.0m during the year ending 09/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO FACILITATE RESEARCH AND EDUCATION ACTIVITIES CONDUCTED AT THE MIAMI VETERANS AFFAIRS HEALTHCARE SYSTEM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IMMUNOLOGY RESEARCH, DIABETES RESEARCH, AND OTHER VARIOUS RESEARCH STUDIES
VARIOUS EDUCATIONAL ACTIVITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Ullman Board Member | Trustee | 0.5 | $0 |
Seth Spector Board Member, Secretary | OfficerTrustee | 0.5 | $0 |
Brian Hagenlocker Board Member, Vice Chairman | OfficerTrustee | 0.5 | $0 |
Timothy Cooke Board Member | Trustee | 0.5 | $0 |
Cory Price Board Member | Trustee | 0.5 | $0 |
Robert Jackson MD President & Chairman | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,380,381 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,490,623 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,871,004 |
| Total Program Service Revenue | $0 |
| Investment income | $146,616 |
| 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 | $3,017,620 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $57,818 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,040,103 |
| Pension plan accruals and contributions | $24,194 |
| Other employee benefits | $40,030 |
| Payroll taxes | $76,637 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $188,395 |
| Advertising and promotion | $0 |
| Office expenses | $18,494 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $29,709 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,051 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $30,990 |
| Insurance | $13,735 |
| All other expenses | $92,367 |
| Total functional expenses | $2,015,289 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $675,992 |
| Savings and temporary cash investments | $6,456,734 |
| Pledges and grants receivable | $382,240 |
| 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 | $27,918 |
| Net Land, buildings, and equipment | $78,044 |
| Investments—publicly traded securities | $289,677 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,910,605 |
| Accounts payable and accrued expenses | $75,189 |
| Grants payable | $0 |
| Deferred revenue | $995,252 |
| 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 | $45,072 |
| Total liabilities | $1,115,513 |
| Net assets without donor restrictions | $6,795,092 |
| Net assets with donor restrictions | $0 |
| 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 | $7,910,605 |
Grants Awarded
Over the last fiscal year, South Florida Veterans Affairs Foundation For Research & Educaton has awarded $57,818 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
LUNDQUIST INSTITUTE FOR BIOMEDICAL INNOVATION PURPOSE: NIH Sub-Award | $12,032 |
MEDICAL UNIVERSITY OF SOUTH CAROLINA PURPOSE: NIH Sub-Award | $45,786 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
South Florida Veterans Affairs Foundation For Research & Educaton Miami, FL | $7,910,605 | $3,017,620 |
River Garden Holding Company Inc Jacksonville, FL | $9,001,954 | $1,939,092 |
Elizabeth Bisland Wetmore T1295 Orlando, FL | $9,413,324 | $848,658 |
Commonwealth Forest Investments Atlanta, GA | $0 | $0 |
Alabama Multifamily Loan Consortium Birmingham, AL | $50,939,765 | $260,175 |
Community Trust Foundation Inc Winter Park, FL | $3,125,449 | $270,007 |
Southeastern Bankruptcy Law Institute Inc Decatur, GA | $403,692 | $209,229 |
Suc Tr Uw John T Hall Orlando, FL | $2,666,643 | $111,571 |
Hendrix Endowment Tr 51-3623360 Orlando, FL | $1,531,017 | $123,766 |
Kamlani Foundation Inc Miami Beach, FL | $134,135 | $3,339 |