Veterans Bio-Medical Research Institute Inc
- Assets
- $912.8k
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 37
- Location
- East Orange, NJ
- Founding
- 03/1991
- Data as of
- 12/2023
- EIN
- 22-2995785
Organization Overview
Veterans Bio-Medical Research Institute Inc is located in East Orange, NJ. The organization was established in 1991. According to its NTEE Classification (W30) the organization is classified as: Military & Veterans Organizations, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2023, Veterans Bio-Medical Research Institute Inc employed 37 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Veterans Bio-Medical 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, Veterans Bio-Medical Research Institute Inc generated $2.4m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $2.6m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (1.1%) per year over the past 9 years. 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 SUPPORT MEDICAL RESEARCH AND EDUCATION PROGRAMS FOR VETERANS IN NEW JERSEY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CLINICAL RESEARCH. IN 2023, VBRI'S CLINICAL RESEARCH PROGRAM SUPPORTED TEN PROJECTS SERVING NEARLY 75 VETERAN AND CAREGIVER RESEARCH PARTICIPANTS IN THE AREAS OF AIRBORNE HAZARDS/TOXIC EXPOSURES AND OTHER DEPLOYMENT RELATED ILLNESSES, CANCER, DIABETES AND HYPERTENSION, GULF WAR ILLNESS, MENTAL ILLNESS AND BEHAVIORAL HEALTH, NEUROLOGICAL DISORDERS, PULMONARY FUNCTION, SPINAL CORD DISORDERS, AND TRAUMATIC BRAIN INJURY. RESEARCH PROJECTS WERE FUNDED BY GRANTS FROM THE NATIONAL INSTITUTES OF HEALTH, DEPARTMENT OF DEFENSE, NEW JERSEY COMMISSION FOR BRAIN INJURY RESEARCH AND INDUSTRY SPONSORS.
BIOMEDICAL RESEARCH. IN 2023, VBRI'S BIOMEDICAL RESEARCH PROGRAM SUPPORTED SIX PROJECTS IN THE AREAS OF DIABETES AND HYPERTENSION, GULF WAR ILLNESS, MENTAL ILLNESS AND BEHAVIORAL HEALTH, NEUROLOGICAL DISORDERS INCLUDING MULTIPLE SCLEROSIS AND ALZHEIMER'S DISEASE, AND TRAUMATIC BRAIN INJURY. RESEARCH PROJECTS WERE FUNDED BY GRANTS FROM THE NATIONAL INSTITUTES OF HEALTH, DEPARTMENT OF DEFENSE, AND NEW JERSEY COMMISSION FOR BRAIN INJURY RESEARCH.
EDUCATION. IN 2023, VBRI EXPANDED ITS COLON, LUNG AND SKIN CANCER SCREENING EDUCATION PROGRAM FOR VETERANS, FAMILY MEMBERS, CAREGIVERS AND HEALTHCARE PROVIDERS WITH 16 EDUCATIONAL EVENTS HELD ENGAGING OVER 600 PARTICIPANTS. IN ADDITION, VBRI SUPPORTED EDUCATIONAL ACTIVITY THAT INCLUDED TRAINING FOR VETERANS, FAMILY MEMBERS, CAREGIVERS AND HEALTHCARE PROVIDERS IN A VARIETY OF DEPLOYMENT RELATED HEALTH CONCERNS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michele A Young MD Trustee | Trustee | 1 | $0 |
Jeffrey Linfante DMD Vice President | OfficerTrustee | 1 | $0 |
David Cennimo MD Trustee | Trustee | 1 | $0 |
Patricia O'kane Mss Trustee | Trustee | 1 | $0 |
Kevin Beck PHD President | OfficerTrustee | 5 | $0 |
Kristen Bourgerie Executive Director | Officer | 40 | $154,741 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $887,464 |
| All other contributions, gifts, grants, and similar amounts not included above | $200 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $887,664 |
| Total Program Service Revenue | $1,498,943 |
| Investment income | $2,149 |
| 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 | $2,388,756 |
| 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. | $164,816 |
| Compensation of current officers, directors, key employees. | $164,816 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $501,094 |
| Pension plan accruals and contributions | $7,854 |
| Other employee benefits | $34,761 |
| Payroll taxes | $55,036 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $503 |
| Fees for services: Accounting | $27,532 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $150 |
| Fees for services: Other | $21,539 |
| Advertising and promotion | $0 |
| Office expenses | $13,659 |
| Information technology | $10,116 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,532 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $945 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,261 |
| Insurance | $25,149 |
| All other expenses | $3,634 |
| Total functional expenses | $2,562,010 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $101,504 |
| Savings and temporary cash investments | $2,107 |
| Pledges and grants receivable | $784,524 |
| 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 | $3,352 |
| Net Land, buildings, and equipment | $21,355 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $912,842 |
| Accounts payable and accrued expenses | $222,487 |
| Grants payable | $0 |
| Deferred revenue | $63,620 |
| 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 | $286,107 |
| Net assets without donor restrictions | $563,326 |
| Net assets with donor restrictions | $63,409 |
| 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 | $912,842 |