Tuscaloosa Research And Education Advancement Corporation

Organization Overview

Tuscaloosa Research And Education Advancement Corporation is located in Tuscaloosa, AL. The organization was established in 1993. 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 09/2022, Tuscaloosa Research And Education Advancement Corporation employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tuscaloosa Research And Education Advancement Corporation 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 09/2022, Tuscaloosa Research And Education Advancement Corporation generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.1% each year . All expenses for the organization totaled $1.3m during the year ending 09/2022. While expenses have increased by 17.0% per year over the past 7 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO IMPROVE THE LIVES OF VETERANS THROUGH THE ADVANCEMENT OF CLINICAL KNOWLEDGE THROUGH RESEARCH.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TREAC'S FY22 PROGRAM ACCOMPLISHMENTS ARE PRIMARILY RELATED TO CLINICAL TRIALS INCLUDING THE FOLLOWING: PHARMACOTHERAPIES FOR ALCOHOL AND SUBSTANCE ABUSE (PASA)AL-SBIRTINDEPENDENCE PROJECTVETERANS CARE (COORDINATED APPROACH TO RECOVERY AND EMPLOYMENT)KAPPA OPIOID RECEPTOR ANTAGONIST FOR THE TREATMENT OF ALCOHOL USE DISORDER AND COMORBID PTSD


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Board, Officers & Key Employees

Name (title)Compensation
Sandra Creel
Executive Director
$66,528
Joette Lowe
President
$0
John Merkel
Director
$0
Kathy Ridings
Treasurer
$0
Tony Davis
Chief Of Staff
$0
Lori Davis
Associate Chief Of Staff
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Veranne
Veterans Care Project
$298,417
Vacref
Pasa - Alcohol Use Disorder Project
$104,227
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $357,263
All other contributions, gifts, grants, and similar amounts not included above$7,004
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$364,267
Total Program Service Revenue$788,352
Investment income -$59
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 $1,160,258

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Tuscaloosa Research And Education Advancement Corporation has recieved totaling $24,093.

Awarding OrganizationAmount
Nonprofit Finance Fund

New York, NY

PURPOSE: SOCIAL INNOVATION FUND PAY FOR SUCCESS

$24,093
View Grant Recipient Profile

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