Midwest Veterans Biomedical Research Foundation
- Assets
- $3.2m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 46
- Location
- Kansas City, MO
- Founding
- 10/1989
- Data as of
- 09/2023
- EIN
- 43-1496422
Organization Overview
Midwest Veterans Biomedical Research Foundation is located in Kansas City, MO. The organization was established in 1989. 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 09/2023, Midwest Veterans Biomedical Research Foundation employed 46 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Midwest Veterans Biomedical Research Foundation 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, Midwest Veterans Biomedical Research Foundation generated $2.3m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.9%) each year. All expenses for the organization totaled $2.3m during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (4.6%) per year over the past 7 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 PREVENT AND CURE VETERAN-SPECIFIC ILLNESSES AND INJURIES THROUGH INNOVATIVE RESEARCH AND EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORTED CLINICAL RESEARCH STUDIES THAT IMPROVE TREATMENT ANDCURE OF HEALTH PROBLEMS PREVALENT AMONG VETERAN PATIENTS AND THERELEVANT GENERAL POPULATION. SPECIAL EMPHASIS IS PLACED ONPROJECTS THAT DEVELOP NEW TECHNOLOGY, DRUG THERAPIES ANDREHABILITATION FOR THE AGING POPULATION. SUPPORT IS ALSO PROVIDEDFOR BASIC SCIENCE RESEARCH PROJECTS DESIGNED TO ACQUIRE NEWKNOWLEDGE LEADING TO IMPROVEMENTS IN THE PREVENTION, DIAGNOSIS ANDTREATMENT OF DISEASES AND DISABILITIES.
SUPPORTED EDUCATION AND TRAINING RELATED ACTIVITIES FOR THE BENEFIT OF VETERANS, THEIR FAMILIES, STAFF AND THE COMMUNITY AT LARGE. INCLUDED IN THE PROGRAM, IS A DEPARTMENT OF HEALTH & HUMAN SERVICES, HSRS FUNDED PROJECT, WHICH INVOLVES EDUCATING CAREGIVERS OF VETERANS AND IN COMPASSIONATE CARE OF VETERANS WITH DEMENTIA. THE OBJECTIVES OF THIS PROGRAM ARE: TRAINING CURRENT AND FUTURE PROVIDERS TO ASSESS AND ADDRESS THE PRIMARY CARE NEEDS OF OLDER ADULTS; TRANSFORMING CLINICAL TRAINING ENVIRONMENTS TO BECOME AGE-FRIENDLY HEALTH SYSTEMS; DELIVERING COMMUNITY-BASED PROGRAMS THAT PROVIDE PATIENTS, FAMILIES, CAREGIVERS, AND DIRECT CARE WORKERS WITH THE KNOWLEDGE AND SKILLS TO IMPROVE HEALTH OUTCOMES FOR OLDER ADULTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ramratan Sharma PHD Chairman | OfficerTrustee | 1 | $0 |
Anthony Klopfer Director | Trustee | 1 | $0 |
Willard Snyder JD Vice Chairman | OfficerTrustee | 1 | $0 |
Steve Bubb MD Director | Trustee | 1 | $0 |
Ahmad Batrash MD Director | Trustee | 1 | $0 |
Mary Oehlert PHD Treasurer | OfficerTrustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $441,737 |
| All other contributions, gifts, grants, and similar amounts not included above | $821,522 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,263,259 |
| Total Program Service Revenue | $977,095 |
| Investment income | $48,024 |
| 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 | $2,288,378 |
| 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. | $77,602 |
| Compensation of current officers, directors, key employees. | $77,602 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,608,711 |
| Pension plan accruals and contributions | $31,802 |
| Other employee benefits | $93,289 |
| Payroll taxes | $124,672 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,155 |
| Fees for services: Accounting | $103,343 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $331 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $17,670 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,537 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $27,515 |
| All other expenses | $38,737 |
| Total functional expenses | $2,302,172 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $289,652 |
| Savings and temporary cash investments | $2,086,776 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $787,499 |
| 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 | $8,739 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,172,666 |
| Accounts payable and accrued expenses | $156,079 |
| Grants payable | $0 |
| Deferred revenue | $22,170 |
| 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 | $178,249 |
| Net assets without donor restrictions | $2,994,417 |
| 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 | $3,172,666 |