Portland Va Research Foundation Inc
- Assets
- $12.2m
- Revenue
- $9.7m
- Investments
- $4.0m
- Employees
- 142
- Location
- Portland, OR
- Founding
- 06/1989
- Data as of
- 12/2023
- EIN
- 94-3090170
Organization Overview
Portland Va Research Foundation Inc is located in Portland, OR. The organization was established in 1989. According to its NTEE Classification (U50) the organization is classified as: Biological & Life Sciences, under the broad grouping of Science & Technology and related organizations. As of 12/2023, Portland VA Research Foundation Inc employed 142 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Portland VA Research Foundation 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 12/2023, Portland VA Research Foundation Inc generated $9.7m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $10.0m during the year ending 12/2023. While expenses have increased by 4.5% per year over the past 5 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
SUPPORT MEDICAL RESEARCH AND EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESEARCH - RESEARCH PROJECTS INCLUDING CLINICAL STUDIES THAT FOCUS ON THE TREATMENT OF MEDICAL CONDITIONS PREVALENT IN THE VETERAN POPULATION. VETERANS BENEFIT FROM ACCESS TO CUTTING EDGE PHARMACEUTICALS AND MEDICAL CARE DEVICES, AS WELL AS THE ACTUAL "HANDS ON" CARE PROVIDED AND, INDIRECTLY, FROM THE INTERACTION BETWEEN FOUNDATION STAFF AND PATIENTS.
EDUCATION - THE FOUNDATION SUPPORTS WORK-RELATED INSTRUCTION AND LEARNING EXPERIENCES FOR VETERANS, INCLUDING IMPROVING THE PERFORMANCE OF DUTIES, GAINING SPECIALIZED PROFICIENCIES, AND EXPANDING THE UNDERSTANDING OF CHANGES IN PATIENT CARE. THE EDUCATION AND TRAINING PROGRAMS, ALSO INCLUDE INSTRUCTION AND LEARNING RELATED TO IMPROVING AND MAINTAINING HEALTH.
RESEARCH AND EDUCATION PROGRAM SUPPORT - THE FOUNDATION PROVIDES SUPPORT IN MANY OTHER WAYS, INCLUDING COVERING THE COST OF TRAINING RESEARCH PERSONNEL, UNDERWRITING BRIDGE FUNDING FOR VA INVESTIGATORS WHO ARE BETWEEN RESEARCH GRANT AWARDS, SUPPORTING TRAVEL AND REGISTRATION FEES FOR VA INVESTIGATORS TO ATTEND SCIENTIFIC CONFERENCES, AND THE PROCUREMENT OF PERSONNEL, EQUIPMENT AND SUPPLIES FOR RESEARCH FACILITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Molly Osborne MD PHD Chair | OfficerTrustee | 1 | $0 |
Cheryl L Morgan CPA Secretary/treasurer | OfficerTrustee | 1 | $0 |
Archie Bouwer PHD Board Designated Official | OfficerTrustee | 5 | $0 |
Karla Azcuy Director | Trustee | 1 | $0 |
David Cohen MD Director | Trustee | 1 | $0 |
Mary Heinricher PHD Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Va Portland Health Care System Medical Research | 12/30/23 | $515,264 |
Sri International Medical Research | 12/30/23 | $260,009 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,778,003 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,588,160 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,366,163 |
| Total Program Service Revenue | $3,075,416 |
| Investment income | $258,170 |
| 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 | $9,726,557 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $57,338 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $149,693 |
| Compensation of current officers, directors, key employees. | $149,693 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,114,183 |
| Pension plan accruals and contributions | $254,904 |
| Other employee benefits | $611,753 |
| Payroll taxes | $557,193 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $52,653 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,498,063 |
| Advertising and promotion | $0 |
| Office expenses | $8,651 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $101,110 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $93,132 |
| Conferences, conventions, and meetings | $94,409 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $28,604 |
| Insurance | $13,394 |
| All other expenses | $0 |
| Total functional expenses | $9,986,707 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $398,802 |
| Savings and temporary cash investments | $1,524,204 |
| Pledges and grants receivable | $2,152,094 |
| 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 | $80,611 |
| Net Land, buildings, and equipment | $55,981 |
| Investments—publicly traded securities | $3,997,230 |
| Investments—other securities | $4,026,047 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $12,234,969 |
| Accounts payable and accrued expenses | $631,839 |
| Grants payable | $0 |
| Deferred revenue | $66,716 |
| 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 | $698,555 |
| Net assets without donor restrictions | $9,261,662 |
| Net assets with donor restrictions | $2,274,752 |
| 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 | $12,234,969 |