Foundation For Advancing Veterans Health Research Inc
- Assets
- $4.0m
- Revenue
- $5.0m
- Investments
- $0.0
- Employees
- 50
- Location
- San Antonio, TX
- Founding
- 10/1989
- Data as of
- 12/2021
- EIN
- 74-2522436
Organization Overview
Foundation For Advancing Veterans Health Research Inc is located in San Antonio, TX. The organization was established in 1989. According to its NTEE Classification (H90) the organization is classified as: Medical Disciplines Research, under the broad grouping of Medical Research and related organizations. As of 12/2021, Foundation For Advancing Veterans Health Research Inc employed 50 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foundation For Advancing Veterans Health Research 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 12/2021, Foundation For Advancing Veterans Health Research Inc generated $5.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.8% each year . All expenses for the organization totaled $4.7m during the year ending 12/2021. While expenses have increased by 11.0% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
IMPROVING VETERANS HEALTH THROUGH RESEARCH AND EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION ADMINISTERED FUNDING FOR APPROXIMATELY 99 ACTIVE RESEARCH PROJECTS BEING CONDUCTED AT THE SOUTH TEXAS VETERANS' HEALTH CARE SYSTEM. THESE PROJECTS ARE INVESTIGATING CURRENT, NEW, AND IMPROVED METHODS OF TREATING HUMAN AFFLICTIONS. AREAS OF STUDY INCLUDE LABORATORY WORK, DATA SCIENCES, HEALTH SERVICES IMPROVEMENT, AND CLINICAL STUDIES. THE FOUNDATION PROVIDES THE STRUCTURE TO ACCOMMODATE THE NEEDS OF THE RESEARCH INVESTIGATORS INCLUSIVE OF PROCUREMENT, SUPPORT STAFF EMPLOYMENT, AND GRANT ADMINISTRATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michelle M Trimble Chief Executive Officer | Officer | 40 | $117,000 |
Michael Macnaughton Treasurer | Trustee | 2 | $0 |
John Roache Secretary | Trustee | 3 | $0 |
Alan Frazer Vice Chair | Trustee | 2 | $0 |
David Bell Director | Trustee | 3 | $0 |
Julianne Flynn Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,922,034 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,042,418 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,964,452 |
| Total Program Service Revenue | $0 |
| Investment income | $411 |
| 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 | $4,965,117 |
| 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. | $117,000 |
| Compensation of current officers, directors, key employees. | $117,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,114,587 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $148,644 |
| Payroll taxes | $191,439 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $27,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $116 |
| Fees for services: Other | $58,947 |
| Advertising and promotion | $150 |
| Office expenses | $28,152 |
| Information technology | $72,662 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $12,791 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,062 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $31,571 |
| Insurance | $8,114 |
| All other expenses | $0 |
| Total functional expenses | $4,718,598 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $234,012 |
| Savings and temporary cash investments | $1,498,495 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,145,848 |
| 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 | $13,613 |
| Net Land, buildings, and equipment | $136,629 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $21,105 |
| Total assets | $4,049,702 |
| Accounts payable and accrued expenses | $513,065 |
| Grants payable | $0 |
| Deferred revenue | $765,141 |
| 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 | $1,278,206 |
| Net assets without donor restrictions | $2,771,496 |
| 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 | $4,049,702 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Foundation For Advancing Veterans Health Research Inc has recieved totaling $200,000.
| Awarding Organization | Amount |
|---|---|
Samf Fund San Antonio, TX PURPOSE: Collaborative Grant | $200,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Foundation For Advancing Veterans Health Research Inc San Antonio, TX | $4,049,702 | $4,965,117 |
William K Warren Medical Research Center Inc Tulsa, OK | $344,109,109 | $369,200 |
Central Texas Veterans Research Foundation Temple, TX | $1,466,456 | $969,486 |
Pointsman Foundation Austin, TX | $561,745 | $155,500 |
Claude Parrish Radiation Institute Foundation Inc Harrison, AR | $0 | $0 |
Can Do Houston Houston, TX | $22,539 | $287,928 |
My Genome My Life Austin, TX | $1,441 | $152,830 |
South Louisiana Clinical Research Inc Houma, LA | $1,080,477 | $15,465 |
Vienna Vaccine Safety Initiative New Orleans, LA | $16,151 | $0 |
Louisiana State Medical Society Educational And Research Foundatio Baton Rouge, LA | $310,708 | $153,657 |
Athletic And Orthopedic Research Foundation Houston, TX | $60,101 | $0 |
North American Fetal Therapy Network Inc Houston, TX | $462,752 | $104,128 |