Dallas Va Research Corporation
- Assets
- $2.2m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 53
- Location
- Dallas, TX
- Founding
- 05/1991
- Data as of
- 09/2022
- EIN
- 75-2329831
Organization Overview
Dallas Va Research Corporation is located in Dallas, TX. The organization was established in 1991. According to its NTEE Classification (H05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Medical Research and related organizations. As of 09/2022, Dallas VA Research Corporation employed 53 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dallas VA Research 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, Dallas VA Research Corporation generated $2.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (7.2%) each year. All expenses for the organization totaled $2.8m during the year ending 09/2022. As we would expect to see with falling revenues, expenses have declined by (1.8%) per year over the past 7 years. 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
THE MISSION OF THE DALLAS VA RESEARCH CORPORATION IS TO SUPPORT SCIENTIFIC RESEARCH, EDUCATION, AND REHABILITATION TO IMPROVE THE LIVES OF VETERANS AND THEIR FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CLINICAL RESEARCH GRANT/CONTRACT FUNDS ARE DISBURSED TO SUPPORT SPECIFIC RESEARCH PROJECTS PERFORMED UNDER THE SUPERVISION OF, OR BY, TRAINED CLINICIANS AND HEALTHCARE PROVIDERS TO FURTHER VA-APPROVED RESEARCH AND EDUCATIONAL ACTIVITIES. WE HAVE OVER 60 ACTIVE TRIALS CONSISTING OF CLINICAL TRIALS, DEVICE TRIALS, INVESTIGATOR-INITIATED TRIALS AND DATA COLLECTION REGISTRIES. THE ORGANIZATION CONTINUES TO FOCUS ON BUSINESS DEVELOP AND PORTFOLIO DIVERSIFICATION. FEDERAL PRIME AWARDS AND OTHER FEDERAL GRANTS ARE A NEW AREA OF FOCUS THAT SHOULD ENCOURAGE NEW INVESTIGATOR INVOLVEMENT AND INTEREST.
CONDUCT EDUCATIONAL AND TRAINING EVENTS, WEBINARS AND SEMINARS THAT SUPPORT VA APPROVED RESEARCH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John G Modrall MD Director | Trustee | 1 | $0 |
Jeffery L Hastings MD Secretary | OfficerTrustee | 1 | $0 |
Richard Tyler Miller MD Director | Trustee | 1 | $0 |
James P Lepage PHD Board Presid | OfficerTrustee | 1 | $0 |
Cynthia Foslien-Nash Pharmd Director | Trustee | 1 | $0 |
Steven W Bender PHD Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $75 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $75 |
| Total Program Service Revenue | $1,966,527 |
| Investment income | $29,655 |
| 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 | $1,996,257 |
| 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 | $1,846,975 |
| Pension plan accruals and contributions | $13,360 |
| Other employee benefits | $162,885 |
| Payroll taxes | $141,035 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,885 |
| Fees for services: Accounting | $17,138 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $84,065 |
| Advertising and promotion | $6,933 |
| Office expenses | $17,198 |
| Information technology | $37,898 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $22,025 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $14,939 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,816 |
| Insurance | $8,856 |
| All other expenses | $34,311 |
| Total functional expenses | $2,759,735 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,538 |
| Savings and temporary cash investments | $1,581,430 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $557,805 |
| 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 | $20,291 |
| Net Land, buildings, and equipment | $3,900 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,168,964 |
| Accounts payable and accrued expenses | $108,108 |
| Grants payable | $0 |
| Deferred revenue | $51,690 |
| 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 | $159,798 |
| Net assets without donor restrictions | $2,009,166 |
| 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 | $2,168,964 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Metis Foundation San Antonio, TX | $3,717,155 | $12,069,658 |
Dallas Va Research Corporation Dallas, TX | $2,168,964 | $1,996,257 |
Osteosarcoma Institute Dallas, TX | $4,763,582 | $1,369,434 |
International Safety Center Inc League City, TX | $24,189 | $163,018 |
Lifeplus Foundation Batesville, AR | $50,261 | $68,591 |
Carnot Research Foundation Dallas, TX | $11,143 | $120,000 |
Childrens Optimal Health Austin, TX | $0 | -$123,152 |
Thomas-Mcmahan Cancer Foundation New Orleans, LA | $56,776 | -$462 |
International Veterinary Point-Of-Care Ultrasound Society Spicewood, TX | $56,671 | $0 |
Foundation Of Collaborative Unique Science Focus San Antonio, TX | $373,989 | $0 |
Center For Health And Economics Houston, TX | $0 | $0 |