Cohen Veterans Network Inc
- Assets
- $34.0m
- Revenue
- $53.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Stamford, CT
- Founding
- 08/2015
- Data as of
- 12/2022
- EIN
- 47-3950655
Organization Overview
Cohen Veterans Network Inc is located in Stamford, CT. The organization was established in 2015. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cohen Veterans Network 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 12/2022, Cohen Veterans Network Inc generated $53.1m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 36.8% each year . All expenses for the organization totaled $57.0m during the year ending 12/2022. While expenses have increased by 7.3% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Cohen Veterans Network Inc has awarded 140 individual grants totaling $159,644,035. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
CLINIC GRANTSEACH NEW CLINIC RECEIVES A MASTER GRANT AGREEMENT OUTLINING THE SERVICES TO BE APPROVED BY COHEN VETERANS NETWORK (CVN), FUNDING AND PAYMENT SCHEDULE FOR AN INITIAL THREE-YEAR PERIOD. CLINIC GRANTS PROVIDE IN-DEPTH ASSISTANCE AS WELL AS FUNDING FOR THE INITIAL BUILD OF THE MILITARY FAMILY CLINIC (MFC). CVN PROVIDES RESOURCES, GUIDANCE, AND FUNDING THROUGH THE INITIAL PROCESS, INCLUDING ALLOCATION OF SPACE, RENT, AND OPENING EXPENSES. THE FUNDS FOR THE NEXT THREE YEARS WILL BE OPERATIONS, COMMUNICATION AND MARKETING PLANS, AND TRAINING RESOURCES NEEDED FROM CVN BY THE CLINIC.
CLINIC OPERATIONS AND NETWORK DEVELOPMENTOPERATIONS OVERSEE AND IMPLEMENT BEST PRACTICES FOR THE CLINICS THROUGH PROVIDING COMPREHENSIVE GUIDELINES AND DIRECTIVES. FUNDAMENTAL PRACTICES FOR DAY-TO-DAY OPERATIONS ARE DEVELOPED FOR THE CLINICS TO ENSURE STANDARDIZATION OF DATA COLLECTION AND QUALITY OF CUSTOMER SERVICE. ELECTRONIC HEALTH RECORD (EHR) SYSTEM IS USED BY ALL CLINICS TO CENTRALLY COLLECT KEY METRICS TO DETERMINE IF CLINICS ARE ACHIEVING DESIRED GOALS STIPULATED BY THE FOUNDATION.
ACCESS TO CARE AND REDUCING STIGMACOMMUNICATIONS AND MARKETING PLANS ENCOMPASS INTERNAL AND EXTERNAL STRATEGIES. INTERNAL COMMUNICATIONS PROVIDE ASSETS RESOURCES AND RECOMMENDATIONS TO MFC'S STAFF ENSURING BEST MARKETING PRACTICES ARE FOLLOWED ON ALL COMMUNICATION PLATFORMS AT THE CLINIC LEVEL. EXTERNAL COMMUNICATION STRATEGIES INCLUDE TRADITIONAL ADVERTISING, CREATION OF MARKETING CAMPAIGNS, EARNED AND PAID MEDIA, PRESS EVENTS, COMMUNITY RELATIONS EVENTS, AND GRAND OPENING EVENTS TO PROMOTE CVN AS WELL AS THE SEPARATE CLINICS THAT IT SUPPORTS.
TRAINING, TELEHEALTH & SCHOLARSTRAINING FOR THE CLINIC STAFF IS A FUNDAMENTAL PIECE OF THE BUSINESS MODEL TO PROVIDE AND ENSURE A HIGH LEVEL OF QUALITY AND CONSISTENT CARE. CLINIC STAFF ARE TRAINED AND ROUTINELY ASSESSED ON EVIDENCE-BASED THERAPIES THROUGH PERSONAL OR GROUP SESSIONS AND EXTERNAL CONSULTANTS. TELEHEALTH SYSTEMS ARE AVAILABLE FOR CERTAIN LOCATIONS WHERE CARE DEMAND IS HIGHEST TO PROVIDE STATE-WIDE MENTAL HEALTH CARE. THE CVN SCHOLARS PROGRAM PROVIDES SCHOLARSHIPS TO STUDENTS STUDYING MILITARY MENTAL HEALTH CARE AND INCLUDES INTEGRATION INTO A CLINIC SETTING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anthony Hassan CEO & President | 50 | $500,000 | |
Alice Kim COO | 50 | $326,180 | |
General Joseph Lengyel Chairman & Director | 3 | $0 | |
Michael Sullivan Treasurer & Director | 3 | $0 | |
Courtney Billington Director (as Of 11/08/2022) | 3 | $0 | |
Douglas D Haynes Director | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Dabbs Williams General Contractors Llc | 12/30/22 | $597,202 |
Clientfit Llc | 12/30/22 | $127,177 |
Grant Thornton Llp | 12/30/22 | $93,976 |
Relias Learning Llc | 12/30/22 | $85,435 |
Clearwater Compliance Llc | 12/30/22 | $73,928 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $52,981,357 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $132,424 |
| Profit on Inventory Sales | $0 |
| Other Income | $126,728 |
| Total Revenue | $53,108,085 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $826,180 |
| Other employee salaries and wages | $7,541,577 |
| Pension plans, employee benefits | $2,664,987 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $1,786,093 |
| Occupancy | $3,893,613 |
| Travel, conferences, and meetings | $1,307,755 |
| Printing and publications | $267 |
| Other expenses | $2,399,499 |
| Total operating and administrative expenses | $24,319,993 |
| Contributions, gifts, grants paid | $32,722,565 |
| Total expenses and disbursements | $57,042,558 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,271,148 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $360,316 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,343,177 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $6,480,048 |
| Other assets | $14,512,483 |
| Total assets | $33,967,172 |
| Accounts payable and accrued expenses | $1,217,931 |
| Grants payable | $10,634,009 |
| Deferred revenue | $15,066,391 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $26,918,331 |
Grants Awarded
Over the last fiscal year, Cohen Veterans Network Inc has awarded $30,847,140 in support to 27 organizations.
| Grant Recipient | Amount |
|---|---|
ANCHORAGE COMMUNITY MENTAL HEALTH SERVICES PURPOSE: MILITARY FAMILY CLINIC | $1,503,416 |
ASPIRE HEALTH PARTNERS (HINESVILLE CLINIC) PURPOSE: MILITARY FAMILY CLINIC | $1,083,609 |
ASPIRE HEALTH PARTNERS (TAMPA CLINIC) PURPOSE: MILITARY FAMILY CLINIC | $1,687,428 |
CENTERSTONE OF TENNESSEE INC (CLARKSVILLE CLINIC) PURPOSE: MILITARY FAMILY CLINIC | $1,850,028 |
CENTERSTONE OF TENNESSEE INC (FAYETTEVILLE CLINIC) PURPOSE: MILITARY FAMILY CLINIC | $930,670 |
CENTERSTONE OF TENNESSEE INC (JACKSONVILLE CLINIC) PURPOSE: MILITARY FAMILY CLINIC | $1,227,182 |