Central Texas Veterans Research Foundation
- Assets
- $1.3m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 17
- Location
- Temple, TX
- Founding
- 07/1995
- Data as of
- 08/2023
- EIN
- 74-2623309
Organization Overview
Central Texas Veterans Research Foundation, operating under the name Ctvrf, is located in Temple, TX. The organization was established in 1995. 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 08/2023, Ctvrf employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ctvrf 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 08/2023, Ctvrf generated $1.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.3% each year. All expenses for the organization totaled $1.3m during the year ending 08/2023. While expenses have increased by 5.2% 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
CTVRF STRIVES TO ENHANCE THE HEALTH OF VETERANS OF ALL GENERATIONS THROUGH RESEARCH AND EDUCATION. WE PROVIDE SUPPORT TO THE RESEARCH COMMUNITY WITHIN CENTRAL TEXAS VETERANS HEALTH CARE SYSTEM IN THEIR RESEARCH, EDUCATION, AND TRAINING ENDEAVORS TO FOSTER PROGRAMS IN HEALTH SERVICES AND RESEARCH THAT BENEFITS THE NATION'S VETERANS AND THE GENERAL PUBLIC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PRIMARY TAX EXEMPT PURPOSE OF THE CENTRAL TEXAS VETERANS RESEARCH FOUNDATION, A 501(C)(3) MEDICAL RESEARCH FOUNDATION ESTABLISHED IN ACCORDAN CE WITH TITLE 38, SUBCHAPTER IV - RESEARCH AND EDUCATION CORPORATIONS, SECTION 7361-7368, IS TO SUPPORT BIOMEDICAL AND CLINICAL RESEARCH AS WELL AS HEALTH RELATED EDUCATION ACTIVITIES IN CONJUNCTION WITH THE CENTRAL TEXAS VETERANS HEALTH CARE SYSTEM (CTVHCS). RESEARCH SPONSORED BY CTVRF BENEFITS VETERANS TREATED AT CTVHCS AND THE GENERAL PUBLIC BY ADVANCING KNOWLEDGE IN THE DIAGNOSIS AND TREATMENT OF DISEASE AND DISABILITY. DURING THE PAST YEAR, CTVRF SUPPORTED RESEARCH IN THE FOLLOWING AREAS: LUNG AND PROSTATE CANCER, MULTIPLE MYELOMA, POST-TRAUMATIC STRESS DISORDER (PTSD), LIVER DISEASES, INFECTION CONTROL, AND INFECTIOUS DISEASE. THE RESEARCH RESULTED IN NUMEROUS PEER-REVIEWED PUBLICATIONS AND NATIONAL PRESENTATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tami Annable Board Member | Trustee | 1 | $0 |
Andrew Garcia Board Member | Trustee | 1 | $0 |
Michael Kiefer Board Member | Trustee | 1 | $0 |
Colin Wilburn MD Board Member | Trustee | 1 | $0 |
David Dostal MD Board Member | Trustee | 1 | $0 |
Jason Huang MD Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,020,099 |
| All other contributions, gifts, grants, and similar amounts not included above | $61,260 |
| Noncash contributions included in lines 1a–1f | $2,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,081,359 |
| Total Program Service Revenue | $0 |
| Investment income | $15,082 |
| 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 | $1,096,441 |
| 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. | $74,880 |
| Compensation of current officers, directors, key employees. | $16,174 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $843,395 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $66,658 |
| Payroll taxes | $78,593 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $69,431 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,000 |
| Travel | $17,634 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $20,084 |
| Insurance | $3,280 |
| All other expenses | $7,703 |
| Total functional expenses | $1,331,813 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $296,496 |
| Savings and temporary cash investments | $666,722 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $122,325 |
| 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 | $0 |
| Net Land, buildings, and equipment | $168,333 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,253,876 |
| Accounts payable and accrued expenses | $53,066 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $53,066 |
| Net assets without donor restrictions | $1,096,861 |
| Net assets with donor restrictions | $103,949 |
| 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 | $1,253,876 |