Loma Linda Veterans Association For Research And Education
- Assets
- $5.0m
- Revenue
- $3.5m
- Investments
- $0.0
- Employees
- 0
- Location
- San Bernardino, CA
- Founding
- 02/1994
- Data as of
- 09/2023
- EIN
- 33-0305099
Organization Overview
Loma Linda Veterans Association For Research And Education is located in San Bernardino, CA. The organization was established in 1994. According to its NTEE Classification (H05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Medical Research and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Loma Linda Veterans Association For Research And Education 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 09/2023, Loma Linda Veterans Association For Research And Education generated $3.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.4% each year. All expenses for the organization totaled $4.4m during the year ending 09/2023. 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
SEE SCHEDULE O.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN THE FISCAL YEAR ENDING SEPTEMBER 30, 2023, LLVARE WAS ENGAGED IN 47 CLINICAL AND BASIC RESEARCH PROJECTS. THESE PROJECTS INCLUDED INVESTIGATIONS IN AREAS INCLUDING DIABETES, ONCOLOGY, CARDIOVASCULAR DISEASE, MUSCULOSKELETAL DISEASE, AUDIOLOGY AND HEARING IMPAIRMENT, GASTROENTEROLOGY, AND MENTAL HEALTH. THE PROJECTS THAT LLVARE SUPPORTS ARE PREDOMINANTLY MULTI-YEAR BASIC SCIENCE STUDIES AND CLINICAL TRIALS THAT SEEK TO UNDERSTAND THE BASIS OF HUMAN DISEASE, IN ORDER TO RELIEVE SUFFERING AND IMPROVE THE QUALITY OF LIFE FOR THIS NATION'S MILITARY VETERAN POPULATION. SEE SCHEDULE O FOR MORE INFORMATION.
LLVARE PROVIDES SUPPORT TO CLINICIANS AND BASIC SCIENTISTS THAT SERVES TO ENHANCE THE PRODUCTIVITY OF A RANGE OF RESEARCH PROGRAMS CONDUCTED AT THE VA LOMA LINDA HEALTHCARE SYSTEM. RESEARCH SUPPORT INCLUDES FUNDING FOR INVESTIGATORS AND RESEARCH STAFF TO ATTEND LECTURES, SEMINARS, TRAINING PROGRAM AND CONFERENCES. THESE PROGRAMS PROVIDE OPPORTUNITIES FOR RESEARCHERS TO INTERACT WITH OTHER RESEARCHERS, TO PRESENT THE RESULTS OF THEIR OWN RESEARCH, AND TO KEEP ABREAST OF CURRENT ADVANCES IN THEIR RESPECTIVE FIELDS OF RESEARCH.SEE SCHEDULE O FOR MORE INFORMATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
V Franklin Sechriest II Secretary | OfficerTrustee | 2 | $0 |
Hana El Ado Mikdachi Board Member | Trustee | 2 | $0 |
Karandeep S Sraon Board Member | Trustee | 2 | $0 |
Subburaman Mohan Board Member | Trustee | 2 | $0 |
Colin Rasmussen Executive Dir. | Officer | 40 | $154,427 |
Wei Dong Research Scientist | 40 | $135,589 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,083,378 |
| All other contributions, gifts, grants, and similar amounts not included above | $196,859 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,280,237 |
| Total Program Service Revenue | $2,184,960 |
| Investment income | $63,609 |
| 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 | $3,528,806 |
| 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. | $290,330 |
| Compensation of current officers, directors, key employees. | $290,330 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,367 |
| Fees for services: Accounting | $2,000 |
| 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 | $13,605 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $21,868 |
| Travel | $91,511 |
| 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 | $10,655 |
| Insurance | $8,375 |
| All other expenses | $30,144 |
| Total functional expenses | $4,377,553 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,541,532 |
| Pledges and grants receivable | $3,378,596 |
| Accounts receivable, net | $2,354 |
| 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 | $90,030 |
| Net Land, buildings, and equipment | $31,529 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,044,041 |
| Accounts payable and accrued expenses | $386,308 |
| 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 | $386,308 |
| Net assets without donor restrictions | $4,657,733 |
| 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 | $5,044,041 |