Boston Va Research Institute Inc
- Assets
- $28.1m
- Revenue
- $17.1m
- Investments
- $0.0
- Employees
- 89
- Location
- Boston, MA
- Founding
- 05/1991
- Data as of
- 12/2023
- EIN
- 04-3081524
Organization Overview
Boston Va Research Institute Inc is located in Boston, MA. The organization was established in 1991. As of 12/2023, Boston VA Research Institute Inc employed 89 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 12/2023, Boston VA Research Institute Inc generated $17.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $14.9m during the year ending 12/2023. While expenses have increased by 0.2% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO SERVE VETERANS BY ADVANCING QUALITY HEALTHCARE THROUGH RESEARCH AND EDUCATION AT THE VA BOSTON HEALTHCARE SYSTEM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BASIC MEDICAL RESEARCH: IN 2023, BVARI ENGAGED IN 19 BASIC RESEARCH PROJECTS THAT EXPLORED A BROAD RANGE OF VETERAN-RELATED RESEARCH QUESTIONS, INCLUDING THOSE RELATED TO ONCOLOGY, ALZHEIMER'S DISEASE, VISION, AND MENTAL HEALTH. MANY OF THESE ARE MULTI-YEAR PROJECTS AND WILL BE CONTINUED FOR SEVERAL YEARS.
ALL OTHER RESEARCH ACITIVITIES.
CLINICAL RESEARCH: IN 2023, BVARI ACTIVELY ENGAGED IN 41 CLINICAL RESEARCH PROJECTS WITH THE GOAL OF IMPROVING THE HEALTH AND HEALTHCARE OF VETERANS. CLINICAL TRIALS RANGED FROM INVESTIGATOR-INITIATED PROJECTS TO PHASE III DRUG EFFICACY STUDIES. CLINICAL TRIALS TEST THE NEWEST THERAPIES AVAILABLE FOR A RANGE OF HEALTH ISSUES AFFECTING VETERAN PATIENTS, INCLUDING THOSE RELATED TO CANCER, GENOMICS, CARDIOVASCULAR DISEASE, SCHIZOPHRENIA, DIABETES, AND GENERAL MEDICAL AND PSYCHOLOGICAL ISSUES.
EDUCATION: IN 2023, BVARI SUPPORTED 10 EDUCATIONAL EVENTS AND PROGRAMS THAT IMPROVE THE LIVES OF VETERANS AND ENHANCE THE SKILLS OF THE HEALTHCARE PROFESSIONALS AND TRAINEES WHO CARE FOR THEM. BVARI COORDINATES AND FACILITATES ATTENDANCE AT SEMINARS, LECTURES, TRAININGS, CONFERENCES, AND ONGOING EDUCATIONAL DEVELOPMENT PROGRAMS FOR VETERANS, THEIR DIRECT CARE PROVIDERS, HEALTHCARE PROFESSIONALS, AND TRAINEES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Boden MD Facc Faha Director | Trustee | 1 | $0 |
Mary Brophy MD MPH Director | Trustee | 1 | $0 |
Michael Charness MD Director | Trustee | 1 | $0 |
Antoun Houranieh Rph Ms PHD Director/treasurer/secretary | OfficerTrustee | 7.5 | $0 |
Terence Keane PHD Director | Trustee | 7 | $0 |
Vincent Ng MBA Director | Trustee | 1.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $12,941,126 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,584,969 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,526,095 |
| Total Program Service Revenue | $1,700,259 |
| Investment income | $677,314 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $184,250 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $17,108,717 |
| 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. | $384,836 |
| Compensation of current officers, directors, key employees. | $384,836 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,155,593 |
| Pension plan accruals and contributions | $97,485 |
| Other employee benefits | $1,245,665 |
| Payroll taxes | $400,164 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,056 |
| Fees for services: Accounting | $73,804 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,471,989 |
| Advertising and promotion | $0 |
| Office expenses | $183,614 |
| Information technology | $177,221 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $148,041 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $68,796 |
| Interest | $0 |
| Payments to affiliates | $1,866,943 |
| Depreciation, depletion, and amortization | $13,545 |
| Insurance | $33,675 |
| All other expenses | $0 |
| Total functional expenses | $14,947,928 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,647,660 |
| Savings and temporary cash investments | $1,938,067 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,459,796 |
| 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 | $149,229 |
| Net Land, buildings, and equipment | $105,401 |
| Investments—publicly traded securities | $21,844,333 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $28,144,486 |
| Accounts payable and accrued expenses | $1,686,335 |
| Grants payable | $0 |
| Deferred revenue | $20,892,230 |
| 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 | $277,916 |
| Total liabilities | $22,856,481 |
| Net assets without donor restrictions | $5,270,005 |
| 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 | $28,144,486 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Boston Va Research Institute Inc Boston, MA | $28,144,486 | $17,108,717 |
Ocean State Research Institute Inc Providence, RI | $2,727,296 | $5,983,699 |
Nassau Health Care Foundation Inc East Meadow, NY | $5,128,646 | $2,169,556 |
Veterans Health Research Institute Of Central New York Inc Syracuse, NY | $890,429 | $1,597,730 |
Reliant Foundation Inc Worcester, MA | $27,900,604 | $695,207 |
Corporation For Advancement Of Medical Technologies Boston, MA | $1,504,236 | $681,017 |
Carl J Shapiro Institute For Education & Research At Harvard Boston, MA | $5,019,537 | $631,964 |
Mcgrorty Foundation Inc Brewster, NY | $4,084,476 | $208,371 |
The Albert And Lin Bildner Foundation Inc New York, NY | $785,475 | $46,590 |
American Federation For Medical Research Foundation Beverly, MA | $137,918 | $0 |
Cancer Research Foundation Inc Chappaqua, NY | $135,192 | $0 |