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.
Form
990
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
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Sandra Creel Executive Director | Officer | 40 | $66,528 |
John Merkel Director | OfficerTrustee | 2 | $0 |
Joette Lowe President | OfficerTrustee | 2 | $0 |
Kathy Ridings Treasurer | OfficerTrustee | 3 | $0 |
Shane Sears Community Member | Trustee | 2 | $0 |
Marshanda Burrell Chief Of Education And Dev | Trustee | 2 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Veranne Veterans Care Project | 9/29/22 | $298,417 |
Vacref Pasa - Alcohol Use Disorder Project | 9/29/22 | $104,227 |
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 |
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. | $77,366 |
Compensation of current officers, directors, key employees. | $77,366 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $370,659 |
Pension plan accruals and contributions | $15,064 |
Other employee benefits | $44,662 |
Payroll taxes | $33,701 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $7,500 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $21,337 |
Advertising and promotion | $1,607 |
Office expenses | $3,618 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
Travel | $17,380 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $215 |
Interest | $119 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $3,991 |
All other expenses | $215 |
Total functional expenses | $1,265,308 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $630,674 |
Savings and temporary cash investments | $99,882 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $300,090 |
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 | $9,849 |
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 | $1,040,495 |
Accounts payable and accrued expenses | $312,026 |
Grants payable | $0 |
Deferred revenue | $65,015 |
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 | $377,041 |
Net assets without donor restrictions | $332,406 |
Net assets with donor restrictions | $331,048 |
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 | $1,040,495 |
Over the last fiscal year, we have identified 1 grants that Tuscaloosa Research And Education Advancement Corporation has recieved totaling $24,093.
Awarding Organization | Amount |
---|---|
Nonprofit Finance Fund New York, NY PURPOSE: SOCIAL INNOVATION FUND PAY FOR SUCCESS | $24,093 |
Organization Name | Assets | Revenue |
---|---|---|
Foundation For Atlanta Veterans Education And Research Inc Decatur, GA | $10,222,891 | $13,848,947 |
Roskamp Institute Inc Sarasota, FL | $9,416,640 | $7,403,056 |
American Peanut Shellers Assoc Inc Albany, GA | $1,751,167 | $3,704,531 |
Associated General Contractors Of Georgia Inc Atlanta, GA | $12,373,819 | $3,538,884 |
Sunrise Community Of Northeast Florida Inc Miami, FL | $4,026,506 | $2,436,293 |
Resilient Floor Covering Institute Lagrange, GA | $1,159,930 | $2,761,995 |
American Cotton Shippers Association Memphis, TN | $7,968,384 | $2,541,367 |
Applied Medical Research Inc Nashville, TN | $2,306,745 | $2,347,969 |
North Florida Foundation For Research And Education Inc Gainesville, FL | $3,171,060 | $2,070,033 |
Tuscaloosa Research And Education Advancement Corporation Tuscaloosa, AL | $1,040,495 | $1,160,258 |
Foundation For Public Relations Research And Education Inc Gainesville, FL | $932,727 | $1,013,833 |
Mountain Home Research & Education Corporation Mountain Home, TN | $885,418 | $1,209,632 |