Greater Los Angeles Veterans Research & Education Foundation
- Assets
- $8.1m
- Revenue
- $7.2m
- Investments
- $488.2k
- Employees
- 127
- Location
- Los Angeles, CA
- Founding
- 07/2019
- Data as of
- 09/2022
- EIN
- 83-2316783
Organization Overview
Greater Los Angeles Veterans Research & Education Foundation is located in Los Angeles, CA. The organization was established in 2019. According to its NTEE Classification (E05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Health Care and related organizations. As of 09/2022, Greater Los Angeles Veterans Research & Education Foundation employed 127 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greater Los Angeles Veterans 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 09/2022, Greater Los Angeles Veterans Research & Education Foundation generated $7.2m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 11.5% each year . All expenses for the organization totaled $6.6m during the year ending 09/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
ADVANCE THE RESEARCH MISSION OF THE DEPARTMENT OF VETERANS AFFAIRS (THE "VA") THROUGH SUPPORT OF RESEARCH-RELATED ACTIVITIES AT THE VA GREATER LOS ANGELES HEALTHCARE SYSTEM ("GLA") AND TO FURTHER ANY EDUCATIONAL PURPOSE FOR VA-RELATED RESEARCH.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven Braverman Medical Center Director | Trustee | 4 | $0 |
Linda Godleski Acos-Education | Trustee | 4 | $0 |
Steven Simon Chief Of Staff | Trustee | 4 | $0 |
David Beenhouwer Chair, Community Director | Trustee | 4 | $0 |
Mary Baker Community Director | Trustee | 4 | $0 |
Robert Baker Community Director | Trustee | 4 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Blue Shield Of California Health Insurance | 9/29/20 | $1,594,426 |
Terumo Medical Supplies | 9/29/20 | $1,091,914 |
Ameriprise Financial Services | 9/29/20 | $722,063 |
Uc Regents Personel | 9/29/20 | $331,847 |
Lab Corporation Diagnostic Testing | 9/29/20 | $316,073 |
Blue Shield Of California Health Insurance | 9/29/20 | $1,594,426 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,460,708 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,183,474 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,644,182 |
| Total Program Service Revenue | $568,719 |
| Investment income | $22,619 |
| 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 | $7,243,470 |
| 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. | $752,917 |
| Compensation of current officers, directors, key employees. | $311,732 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,169,637 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $824,376 |
| Payroll taxes | $342,885 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $22,205 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $59,977 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $19,720 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $43,861 |
| Insurance | $37,984 |
| All other expenses | $376,572 |
| Total functional expenses | $6,582,386 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,249,813 |
| Savings and temporary cash investments | $4,865,058 |
| Pledges and grants receivable | $1,217,142 |
| 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 | $77,910 |
| Net Land, buildings, and equipment | $210,976 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $488,195 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,109,094 |
| Accounts payable and accrued expenses | $692,384 |
| Grants payable | $0 |
| Deferred revenue | $1,543,950 |
| 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 | $0 |
| Total liabilities | $2,236,334 |
| Net assets without donor restrictions | $5,872,760 |
| 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 | $8,109,094 |