Bedford Va Research Corporation
- Assets
- $1.0m
- Revenue
- $892.6k
- Investments
- $0.0
- Employees
- 17
- Location
- Bedford, MA
- Founding
- 12/2016
- Data as of
- 06/2023
- EIN
- 04-3512440
Organization Overview
Bedford Va Research Corporation, operating under the name Brci, is located in Bedford, MA. The organization was established in 2016. 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 06/2023, Brci employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Brci 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 06/2023, Brci generated $892.6k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.0% each year. All expenses for the organization totaled $931.2k during the year ending 06/2023. While expenses have increased by 0.7% 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
OUR MISSION IS TO PROVIDE VETERANS WITH THE OPPORTUNITY TO PARTICIPATE IN EDUCATIONAL PROGRAMS AND INNOVATIVE RESEARCH THAT SUPPORT THEIR HEALTH AND WELL-BEING. WE STRIVE TO FACILITATE AND ADVANCE THE EDUCATION AND RESEARCH MISSION OF THE DEPARTMENT OF VETERANS AFFAIRS WITH SPECIFIC FOCUS ON THE RESEARCH AND EDUCATIONAL ACTIVITIES AT THE VA BEDFORD HEALTHCARE SYSTEM. BY DEVELOPING NEW PARTNERSHIPS AND COLLABORATING WITH FOUNDATIONS, CORPORATIONS, UNIVERSITIES, GOVERNMENT AGENCIES, AND DONORS, WE PROVIDE A CLEAR AND STRAIGHTFORWARD MECHANISM BY WHICH WE CAN WORK WITH THE VA BEDFORD HEALTHCARE SYSTEM TO ADVANCE EDUCATION PROGRAMS AND NOVEL RESEARCH TO IMPROVE THE LIVES OF THOSE WHO SERVED AS WELL AS THE GENERAL POPULATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
VARIOUS RESEARCH PROJECTS APPROVED BY THE EDITH NOURSE ROGERS MEMORIAL VA HOSPITAL IN BEDFORD, MASSACHUSETTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carmen Mincy Acting Execu | Officer | 20 | $34,253 |
Barbara Bokhour Director | Trustee | 1 | $0 |
Vicki Callahan Director | Trustee | 1 | $0 |
Herimone L Chappell Director | Trustee | 1 | $0 |
Joan Clifford Director | Trustee | 1 | $0 |
Paul Jensen Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $15,396 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,396 |
| Total Program Service Revenue | $860,807 |
| Investment income | $16,264 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $102 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $892,569 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $355,745 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $51,094 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $650 |
| Fees for services: Accounting | $14,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $414,062 |
| Advertising and promotion | $0 |
| Office expenses | $2,063 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $37,333 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $7,701 |
| All other expenses | $0 |
| Total functional expenses | $931,195 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $463,798 |
| Savings and temporary cash investments | $409,916 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $164,723 |
| 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 | $10,821 |
| 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 | $1,049,258 |
| Accounts payable and accrued expenses | $388,766 |
| Grants payable | $0 |
| Deferred revenue | $131,871 |
| 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 | $25,000 |
| Total liabilities | $545,637 |
| Net assets without donor restrictions | $371,056 |
| Net assets with donor restrictions | $132,565 |
| 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 | $1,049,258 |