National Association Of Veterans Research And Education Foundations
- Assets
- $1.4m
- Revenue
- $793.6k
- Investments
- $0.0
- Employees
- 6
- Location
- Washington, DC
- Founding
- 01/1993
- Data as of
- 09/2023
- EIN
- 52-1784596
Organization Overview
National Association Of Veterans Research And Education Foundations is located in Washington, DC. The organization was established in 1993. According to its NTEE Classification (A99) the organization is classified as: Arts, Culture & Humanities N.E.C., under the broad grouping of Arts, Culture & Humanities and related organizations. As of 09/2023, National Association Of Veterans Research And Education Foundations employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National Association Of Veterans Research And Education Foundations 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, National Association Of Veterans Research And Education Foundations generated $793.6k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $905.6k during the year ending 09/2023. While expenses have increased by 4.9% per year over the past 8 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
NAVREF'S MISSION IS TO ADVANCE THE SUCCESS OF THE VA-AFFILIATED NONPROFIT RESEARCH AND EDUCATION CORPORATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION: EDUCATION IS A CRITICAL COMPONENT OF NAVREF'S VISION, MISSION AND VALUES. NAVREF OFFERS A VARIETY OF EDUCATIONAL OPPORTUNITIES TO ITS MEMBERS. THESE INCLUDE: (1) TRAINING WORKSHOPS- TYPICALLY 2-DAY EVENTS FOCUSED ON TOPICS OF INTEREST, (2) A MONTHLY WEBINAR SERIES- A MEMBER- DRIVEN ONLINE SERIES THAT DELIVERS EDUCATIONAL CONTACT EACH MONTH TO ADDRESS EVOLVING NPC-RELATED TOPICS AND PRESENT SERVICES TO MEMBERS, AND (3) REGULAR FORUM CALLS - BIWEEKLY VIDEO CALLS WHERE MEMBERS CAN DISCUSS ANY EMERGING CONCERN OR ISSUE THEY ARE FACING LOCALLY AT THEIR NPC. IN ADDITION, NAVREF OFFERS MEMBERS FREE BEST PRACTICE CONSULTATION SERVICES WHICH INVOLVES AN INTENSE PREPARATORY REVIEW OF BYLAWS, STRATEGY, POLICIES, PROCEDURES, AND FINANCES FOLLOWED BY A SITE VISIT TO DISCUSS SPECIFIC ISSUES AND SOLUTIONS WITH THE NPC'S EXECUTIVES AND BOARD OF DIRECTORS. THE CENTERPIECE OF NAVREF'S EDUCATIONAL PROGRAM IS OUR ANNUAL CONFERENCE. THE 3-DAY EVENT AVERAGES 200 ATTENDEES FROM MEMBER ORGANIZATIONS AND FOCUSES ON THE MOST RELEVANT TOPICS RELATED TO ADMINISTRATION, GOVERNANCE, FINANCIAL MANAGEMENT, HUMAN RESOURCES, AND REVENUE DEVELOPMENT. PLENARY SPEAKERS FROM THE U.S. CONGRESS, DEPARTMENT OF VETERANS AFFAIRS, NATIONAL INSTITUTES OF NATIONAL ASSOCIATION OF VETERANS' HEALTH, AND THE LIFE SCIENCES INDUSTRY PROVIDE KEEN INSIGHT ON DEVELOPING TRENDS AND INITIATIVES. NAVREF ALSO COORDINATES WITH OUR MEMBERS AND OTHER NON-PROFIT ORGANIZATIONS TO PROVIDE ADDITIONAL EDUCATIONAL CONTENT FOR MEMBER EMPLOYEES AND VA AFFILIATED PERSONNEL AT NO COST TO THE MEMBERS.
MEMBER COMMUNICATIONS & SERVICES: NAVREF ENSURES THE SUCCESS OF ITS MEMBERS BY PROVIDING BOTH DIRECT AND INDIRECT SERVICES. MEMBERS ARE ENCOURAGED TO REACH OUT TO NAVREF STAFF BY PHONE OR EMAIL FOR TECHNICAL ASSISTANCE AND SUPPORT. INFORMATION IS ALSO DISSEMINATED TO MEMBERS VIA THE ORGANIZATION'S WEBSITE, EMAIL, AND THE QUARTERLY NEWSLETTER PRODUCED BY STAFF. THIS NEWSLETTER CONTAINS ARTICLES, COLUMNS, AND REMINDERS KEEPING ALL MEMBERS UP-TO-DATE ON CURENT ACTIVITIES WITHIN THE NON-PROFIT SECTOR, THE CLINICAL RESEARCH INDUSTRY, AND THE VETERAN RESEARCH COMMUNITY. OVER ITS 32-YEAR HISTORY, NAVREF HAS DEVELOPED CONTACTS WITH NUMEROUS EXPERTS IN NPC GOVERNANCE, FINANCES, HUMAN RESOURCES, GRANTS MANAGEMENT, ADVOCACY, AND RESEARCH ADMINISTRATION. MANY OF THESE EXPERTS MAKE THEMSELVES AVAILABLE TO NAVREF AND ITS' MEMBERS TO ADDRESS EMERGING ISSUES. IN KEEPING WITH ITS VISION TO PROMOTE PARTNERSHIPS TO ADVANCE VETERAN HEALTH, NAVREF PROVIDES A CLINICAL TRIAL MATCHMAKING SERVICES WHICH CONNECTS MEMBER ORGANIZATIONS WITH CLINICAL RESEARCH OPPORTUNITIES FOR VETERANS. NAVREF STAFF ACTIVELY PURSUE RELATIONSHIPS WITH PHARMACEUTICAL COMPANIES AND CONTRACT RESEARCH ORGANIZATIONS INTERESTED IN CONDUCTING RESEARCH STUDIES AT VA MEDICAL CENTERS. NAVREF NEGOTIATES WITH VENDORS TO PROVIDE SERVICES FOR MEMBER ORGANIZATIONS AT GROUP DISCOUNTS.
PROGRAM DEVELOPMENT: IN COLLABORATION WITH VA OFFICE OF RESEARCH & DEVELOPMENT, NAVREF INITIATED THE ACCESS TO CLINICAL TRIALS FOR VETERANS (ACT FOR VETERANS) PROGRAM IN 2017. THIS WAS A MULTIYEAR EFFORT DESIGNED TO PROVIDE VETERANS WITH GREATER ACCESS TO INDUSTRY SPONSORED CLINICAL TRIALS AND MAKE VA A PARTNER OF CHOICE FOR INDUSTRY SPONSORED TRIALS. ONE CRITICAL OUTCOME OF THIS EFFORT WAS THE LAUNCH OF NAVREF'S INDUSTRY PARTNER CONSORTIUM IN XXX. THE INDUSTRY PARTNER CONSORTIUM SERVES AS A PLATFORM FOR INDUSTRY SPONSORS, NONPROFIT ORGANIZATIONS, AND OTHER EXTERNAL PARTNERS TO IDENTIFY, COLLABORATE, AND OVERCOME CHALLENGES WITHIN VA RESEARCH THAT HINDER OUR NATION'S VETERANS FROM ACCESSING CUTTING-EDGE CLINICAL TRIAL OPPORTUNITIES. THE CONSORTIUM CONVENES REGULARLY AND REPRESENTS STAKEHOLDERS FROM A VARIETY OF HEALTH CARE INDUSTRIES. ONE OF THE MOST SIGNIFICANT PRODUCTS OF THE INDUSTRY PARTNER CONSORTIUM HAS BEEN THE JOINT ESTABLISHMENT WITH VA OF THE PARTNERED RESEARCH PROGRAM (PRP), A DEDICATED RESOURCE FOR INTERNAL AND EXTERNAL STAKEHOLDERS INTERESTED IN CONDUCTING MULTISITE TRIALS WITHINWITHIN VA. NAVREF ALSO OFFERS NO-COST CLINICAL TRIALS CONSULTATIONS TO ALL RESEARCH PARTNERS THAT MAY BE INTERESTED IN BRINGING MORE CLINICAL RESEARCH OPPORTUNITIES TO VETERANS. THROUGH REGUALR OUTREACH, NAVREF IS HEIGHTENING AWARENESS OF VA RESEARCH AND THE NONPROFITS AND EXPLORING OPPORTUNITIES TO PARTNER AND COLLABORATE TO BENEFIT VETERANS' HEALTH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Hawk V Tran COO | Officer | 40 | $126,645 |
Rashi Romanoff CEO | Officer | 40 | $0 |
Ronald W Hakes Chair | OfficerTrustee | 1 | $0 |
Peggy Bradley Vice Chair | OfficerTrustee | 1 | $0 |
Rebecca Rosales Secretatry/t | OfficerTrustee | 1 | $0 |
Cindy Reutzel Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,872 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,872 |
| Total Program Service Revenue | $733,630 |
| Investment income | $39,675 |
| 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 | $793,553 |
| 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. | $166,507 |
| Compensation of current officers, directors, key employees. | $13,332 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $198,950 |
| Pension plan accruals and contributions | $11,522 |
| Other employee benefits | $8,815 |
| Payroll taxes | $30,268 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $53,305 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $37,284 |
| Advertising and promotion | $0 |
| Office expenses | $49,263 |
| Information technology | $11,104 |
| Royalties | $0 |
| Occupancy | $3,821 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $279,669 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,782 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $905,632 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $198,192 |
| Savings and temporary cash investments | $1,138,434 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $47,093 |
| 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 | $10,539 |
| Net Land, buildings, and equipment | $7,436 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,401,694 |
| Accounts payable and accrued expenses | $6,500 |
| Grants payable | $0 |
| Deferred revenue | $352,506 |
| 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 | $359,006 |
| Net assets without donor restrictions | $982,688 |
| Net assets with donor restrictions | $60,000 |
| 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 | $1,401,694 |