Veterans Education And Research Association Of Michigan

Organization Overview

Veterans Education And Research Association Of Michigan, operating under the name Veram, is located in Ann Arbor, MI. The organization was established in 1992. 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 12/2021, Veram employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Veram 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, Veram generated $2.1m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.2%) each year. All expenses for the organization totaled $1.7m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (5.8%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

VERAM WORKS WITH THE VA ANN ARBOR HEALTHCARE SYSTEM AND ITS SPONSORS TO CONDUCT BIOMEDICAL, CLINICAL, HEALTH SERVICES AND REHABILITATION RESEARCH IN THE AREAS SUCH AS HEALTH SERVICES RESEARCH, CARDIOLOGY, PULMONARY, INFECTIOUS, KIDNEY AND CARDIOVASCULAR DISEASES. EDUCATION FUNDS ARE DIRECTED TOWARD CONTINUING EDUCATION OF VA ANN ARBOR HEALTHCARE SYSTEM STAFF, FOUNDATION STAFF, AND THE MEDICAL COMMUNITY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

VERAM CONDUCTS SCIENTIFIC RESEARCH STUDIES TO EXPAND KNOWLEDGE AND UNDERSTANDING OF DISEASES AND MEDICAL CARE, INCLUDING HEALTH SERVICES RESEARCH, AND CARDIOVASCULAR, PSYCHIATRIC, PULMONARY, INFECTIOUS, AND KIDNEY DISEASES.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Regents Of The University Of Michiga
$453,610
Veterans Administatration Medical Ce
$604,334
University Of Michigan - Psychiatry
$240,696
Phillips Healthcare
$120,019
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $1,514,641
All other contributions, gifts, grants, and similar amounts not included above$230
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$1,514,871
Total Program Service Revenue$618,622
Investment income $500
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 $2,127,500

Grants Awarded

Over the last fiscal year, Veterans Education And Research Association Of Michigan has awarded $1,161,139 in support to 4 organizations.

Grant RecipientAmount

MEDICAL UNIVERSITY OF SOUTH CAROLIN

|

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$441,103

REGENTS OF THE UNIVERSITY OF MICHIG

Org PageRecipient Profile

Ann Arbor, MI

|

$358,994

MASSACHUETTE GENERAL HOSPITAL

Org PageRecipient Profile

Somerville, MA

|

$226,731

VETERANS MEDICAL RESEARCH FOUNDATIO

Org PageRecipient Profile

San Diego, CA

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$134,311
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 3 grants that Veterans Education And Research Association Of Michigan has recieved totaling $1,146,096.

Awarding OrganizationAmount
Fred Hutchinson Cancer Research Center

Seattle, WA

PURPOSE: VACCINE AND INFECTIOUS DISEASE

$613,176
Prostate Cancer Foundation

Santa Monica, CA

PURPOSE: CANCER RESEARCH

$500,000
Mayo Clinic Group Return

Rochester, MN

PURPOSE: SUPPORT CHARITABLE PROGRAMS

$32,920
View Grant Recipient Profile

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