South Florida Veterans Affairs Foundation For Research & Educaton
- Assets
- $7.0m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 39
- Location
- Miami, FL
- Founding
- 11/1990
- Data as of
- 09/2022
- EIN
- 65-0207903
Organization Overview
South Florida Veterans Affairs Foundation For Research & Educaton is located in Miami, FL. The organization was established in 1990. According to its NTEE Classification (W60) the organization is classified as: Financial Institutions, under the broad grouping of Public & Societal Benefit and related organizations. As of 09/2022, South Florida Veterans Affairs Foundation For Research & Educaton employed 39 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. South Florida Veterans Affairs Foundation For Research & Educaton 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, South Florida Veterans Affairs Foundation For Research & Educaton generated $2.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.2% each year. All expenses for the organization totaled $2.0m during the year ending 09/2022. 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 FACILITATE RESEARCH AND EDUCATION ACTIVITIES CONDUCTED AT THE MIAMI VETERANS AFFAIRS HEALTHCARE SYSTEM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IMMUNOLOGY RESEARCH, DIABETES RESEARCH, AND OTHER VARIOUS RESEARCH STUDIES
VARIOUS EDUCATIONAL ACTIVITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Katrina Washburn Executive Director | Trustee | 40 | $120,489 |
Vincent Degennaro MD Board Member, Secretary | OfficerTrustee | 1 | $0 |
Brian Hagenlocker MD Board Member, Vice Chairman | OfficerTrustee | 1 | $0 |
Seth Spector Board Member, Secretary | OfficerTrustee | 1 | $0 |
Robert Jackson MD President & Chairman | OfficerTrustee | 5 | $0 |
Martin Norcini Board Member, Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,574,826 |
| All other contributions, gifts, grants, and similar amounts not included above | $892,100 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,466,926 |
| Total Program Service Revenue | $0 |
| Investment income | $55,276 |
| 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 | $2,522,202 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,039,627 |
| Pension plan accruals and contributions | $24,751 |
| Other employee benefits | $46,376 |
| Payroll taxes | $76,044 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $126,735 |
| Advertising and promotion | $0 |
| Office expenses | $19,428 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $208 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $600 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $23,015 |
| Insurance | $11,616 |
| All other expenses | $101,197 |
| Total functional expenses | $2,008,978 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,280,408 |
| Savings and temporary cash investments | $5,367,000 |
| Pledges and grants receivable | $244,705 |
| Accounts receivable, net | $0 |
| 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 | $43,776 |
| Net Land, buildings, and equipment | $109,033 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,044,922 |
| Accounts payable and accrued expenses | $8,021 |
| Grants payable | $0 |
| Deferred revenue | $1,189,173 |
| 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 | $43,474 |
| Total liabilities | $1,240,668 |
| Net assets without donor restrictions | $5,804,254 |
| 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 | $7,044,922 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that South Florida Veterans Affairs Foundation For Research & Educaton has recieved totaling $523,475.
| Awarding Organization | Amount |
|---|---|
Fred Hutchinson Cancer Research Center Seattle, WA PURPOSE: VACCINE AND INFECTIOUS DISEASE | $426,546 |
University Of Miami Coral Gables, FL PURPOSE: RESEARCH | $96,929 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Commonwealth Forest Investments Atlanta, GA | $527,167 | $63 |
South Florida Veterans Affairs Foundation For Research & Educaton Miami, FL | $7,044,922 | $2,522,202 |
River Garden Holding Company Inc Jacksonville, FL | $34,918,747 | $1,904,897 |
Elizabeth Bisland Wetmore T1295 Orlando, FL | $9,659,124 | $1,316,212 |
John T Hall Testamentary Tr 08-17-44 Orlando, FL | $3,441,856 | $150,400 |
Alabama Multifamily Loan Consortium Montgomery, AL | $54,767,808 | $316,680 |
Southeastern Bankruptcy Law Institute Inc Decatur, GA | $454,578 | $294,194 |
Community Trust Foundation Inc Winter Park, FL | $2,353,065 | $188,728 |
Hendrix Endowment Tr 51-3623360 Orlando, FL | $1,389,179 | $276,655 |
Kamlani Foundation Inc Miami Beach, FL | $139,177 | $14 |