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 12/2023, Veram employed 6 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 12/2023, Veram generated $2.4m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.2%) each year. All expenses for the organization totaled $2.3m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (2.6%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

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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Board, Officers & Key Employees

Name (title)Compensation
Richard J Schildhouse MD
Board Member
$0
Andrew G Shuman MD
Board Member
$0
Ginny Creasman Pharmd Fache
Board Member
$0
Sarah Krein PHD
President
$0
Christine Basmajian
Secretary/tr
$0
Birgit Roller MA
Executive Di
$102,351

Outside Vendors & Contractors

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

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $1,192,703
All other contributions, gifts, grants, and similar amounts not included above$229
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$1,192,932
Total Program Service Revenue$1,056,556
Investment income $136,466
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 $2,391,374

Grants Awarded

Over the last fiscal year, Veterans Education And Research Association Of Michigan has awarded $2,322,278 in support to 8 organizations.

Grant RecipientAmount

REGENTS OF THE UNIVERSITY OF MICHIG

|

|

$358,994

MEDICAL UNIVERSITY OF SOUTH CAROLIN

|

|

$441,103

MASSACHUETTE GENERAL HOSPITAL

|

|

$226,731

VETERANS MEDICAL RESEARCH FOUNDATIO

|

|

$134,311

REGENTS OF THE UNIVERSITY OF MICHIG

|

|

$358,994

MEDICAL UNIVERSITY OF SOUTH CAROLIN

|

|

$441,103
View Grant Profile

Peer Organizations

Organization NameAssets
American Legion Auxiliary
Indianapolis, IN
$10,661,337
Amvets
Sheffield Lake, OH
$3,369,527
American Legion
Lansing, MI
$3,358,121
American Legion
Indianapolis, IN
$2,654,873
American Legion Department Of Ohio Inc
Delaware, OH
$1,977,344
Veterans Education And Research Association Of Michigan
Ann Arbor, MI
$2,391,374
Michigan Veterans Foundation Inc
Detroit, MI
$1,696,591
Veterans Of Foreign Wars Of The United States Dept Of Ohio
Columbus, OH
$2,145,932
American Legion
Portage, WI
$1,824,594
Stars And Stripes Honor Flight Inc
Menomonee Falls, WI
$1,748,950
Disabled American Veterans
Fraser, MI
$1,482,169
Veterans Of Foreign Wars Of The United States Dept Of Wisconsin
Madison, WI
$1,117,792
Marine Raider Foundation
Fishers, IN
$1,167,280
American Legion
Dayton, OH
$1,387,939
George Selsam Post No 1058 Veterans Of Foreign Wars Of The United Stat
Zanesville, OH
$1,219,485
American Legion
Milan, IN
$1,545,658
Amvets
Indianapolis, IN
$1,065,669
Speedway Post 500 Inc
Speedway, IN
$1,191,591
American Legion Auxiliary
Zanesville, OH
$1,335,750
Milwaukee Homeless Veterans Initiative Inc
West Allis, WI
$884,944
Disabled American Veterans
Columbus, OH
$793,871
Veterans Of Foreign Wars Of The United States Department Of Ohio
Chillicothe, OH
$1,136,296
Vietnam Veterans Of America Inc
Battle Creek, MI
$838,564
American Legion Auxiliary
Indianapolis, IN
$884,803
Indiana Veteran Initiative Inc
Indianapolis, IN
$1,163,938

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