Bronx Veterans Medical Research Foundation Inc
- Assets
- $9.1m
- Revenue
- $8.3m
- Investments
- $0.0
- Employees
- 76
- Location
- Bronx, NY
- Founding
- 06/1993
- Data as of
- 12/2021
- EIN
- 13-3699250
Organization Overview
Bronx Veterans Medical Research Foundation Inc is located in Bronx, NY. The organization was established in 1993. 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 12/2021, Bronx Veterans Medical Research Foundation Inc employed 76 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bronx Veterans Medical Research Foundation 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 12/2021, Bronx Veterans Medical Research Foundation Inc generated $8.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.6% each year . All expenses for the organization totaled $6.3m during the year ending 12/2021. While expenses have increased by 8.3% 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
THE FOUNDATION HAVE A BROAD RANGE OF RESEARCH ACTIVITIES THAT ENCOMPASSES BIOMEDICAL, HEALTH SERVICES, REHABILITATION ENGINEERING, MENTAL HEALTH AND GERIATRIC RESEARCH ENDEAVORS. THE FOUNDATION ALSO SUPPORTS VARIOUS EDUCATIONAL INITIATIVES AND OTHER LEARNING EXPERIENCES OF BENEFIT TO EMPLOYEES AND VETERANS. THE FOUNDATION'S RESEARCH IS CONDUCTED IN CONJUNCTION WITH THE UNITED STATES DEPARTMENT OF VETERANS AFFAIRS MEDICAL CENTER, AS AUTHORIZED BY TITLE 38 UNITED STATES CODE (USC), "VETERANS' BENEFITS", SECTION 7362.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESEARCH AND EDUCATION PROGRAMIN 2021, THE FOUNDATION HAD RESEARCH ACTIVITIES THAT ENCOMPASSES BIOMEDICAL, HEALTH SERVICES, REHABILITATION ENGINEERING, MENTAL HEALTH AND GERIATRIC RESEARCH ENDEAVORS. THESE RESEARCH ACTIVITIES WERE DIRECTLY FUNDED THROUGH FEDERAL PROGRAMS OR PASS THROUGH ENTITIES, AND BY PARTICIPATING PHARMACEUTICAL COMPANIES. THERE WERE VARIOUS STUDIES COMPLETED AND ON-GOING DURING THE YEAR.
RESEARCH AND EDUCATION PROGRAMIN 2021, THE FOUNDATION HAD RESEARCH ACTIVITIES THAT ENCOMPASSES BIOMEDICAL, HEALTH SERVICES, REHABILITATION ENGINEERING, MENTAL HEALTH AND GERIATRIC RESEARCH ENDEAVORS. THESE RESEARCH ACTIVITIES WERE DIRECTLY FUNDED THROUGH FEDERAL PROGRAMS OR PASS THROUGH ENTITIES, AND BY PARTICIPATING PHARMACEUTICAL COMPANIES. THERE WERE VARIOUS STUDIES COMPLETED AND ON-GOING DURING THE YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maryann Musumeci RN MA Executive Director | Officer | 16 | $68,572 |
Meenakshi Zaidi MD Board Member | OfficerTrustee | 5 | $0 |
Margaret Caplan Chairman | OfficerTrustee | 5 | $0 |
Dr Mary Sano Secretary/treasurer | OfficerTrustee | 4 | $0 |
Robert Siegel MD Board Member | OfficerTrustee | 1 | $0 |
Phyllis Schnepf Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $982,571 |
| Government grants | $5,640,786 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,647,787 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,271,144 |
| Total Program Service Revenue | $0 |
| Investment income | $585 |
| 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 | $8,272,955 |
| 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. | $68,572 |
| Compensation of current officers, directors, key employees. | $68,572 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,129,693 |
| Pension plan accruals and contributions | $34,586 |
| Other employee benefits | $163,410 |
| Payroll taxes | $325,912 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,317,583 |
| Advertising and promotion | $19,840 |
| Office expenses | $88,231 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $10,669 |
| 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 | $44,444 |
| Insurance | $5,931 |
| All other expenses | $72,083 |
| Total functional expenses | $6,293,043 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $6,827,216 |
| Pledges and grants receivable | $2,146,463 |
| 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 | $0 |
| Net Land, buildings, and equipment | $104,389 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $9,078,068 |
| Accounts payable and accrued expenses | $751,231 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $751,231 |
| Net assets without donor restrictions | $6,844,640 |
| Net assets with donor restrictions | $1,482,197 |
| 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 | $9,078,068 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Bronx Veterans Medical Research Foundation Inc has recieved totaling $1,045,704.
| Awarding Organization | Amount |
|---|---|
Prostate Cancer Foundation Santa Monica, CA PURPOSE: CANCER RESEARCH | $500,000 |
Foundation For Atlanta Veterans Education And Research Inc Decatur, GA PURPOSE: COLLABORATION TO QUANTIFY THE BURDEN OF NOROVIRUS GASTRO | $358,469 |
Fred Hutchinson Cancer Research Center Seattle, WA PURPOSE: VACCINE AND INFECTIOUS DISEASE | $110,426 |
New York State Health Foundation New York, NY PURPOSE: LETHAL MEANS SAFETY TRAINING FOR FAMILIES AND LOVED ONES OF AT-RISK VETERANS | $31,809 |
Jonas Philanthropies Inc New York, NY PURPOSE: TO IMPROVE THE VISION OF VETERANS' CARED FOR AT JAMES J PETERS VA MEDICAL CENTER, BRONX, N.Y. | $25,000 |
Cdh International Foundation Inc Garden City, NY PURPOSE: GENERAL OPERATING SUPPORT | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lankenau Institute For Medical Research Wynnewood, PA | $8,021,343 | $9,109,367 |
Tri-Institutional Therapeutics Discovery Institute Inc New York, NY | $5,819,394 | $16,905,997 |
Community Partners In Action Inc Hartford, CT | $16,042,672 | $16,238,720 |
Zachary And Elizabeth M Fisher Center For Alzheimers Research Fdn New York, NY | $40,802,431 | $10,021,313 |
Coalition Of Cancer Cooperative Groups Philadelphia, PA | $21,235,863 | $14,701,631 |
American Thrombosis And Hemostasisnetwork Inc Rochester, NY | $10,168,996 | $13,364,540 |
Football Research Inc New York, NY | $4,325,864 | $9,164,438 |
Institute For Protein Innovation Inc Boston, MA | $219,080,402 | $200,786,087 |
Center For Information And Study On Clinical Research Participation Boston, MA | $5,283,770 | $9,262,941 |
Vermont Oxford Network Inc Burlington, VT | $14,865,425 | $8,539,572 |
National Disease Research Interchange Philadelphia, PA | $6,059,781 | $7,072,153 |
Bronx Veterans Medical Research Foundation Inc Bronx, NY | $9,078,068 | $8,272,955 |