Form 990 for tax year 2022
Filed by BRONX VETERANS MEDICAL RESEARCH FOUNDATION INC.
Totals
- Total revenue
- $4,590,701
- Total expenses
- $5,529,808
- Contributions and grants received
- $4,562,018
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $5,012
- Other revenue
- $23,671
- Total assets, end of year
- $7,921,801
- Total liabilities, end of year
- $534,071
- Net assets or fund balances, end of year
- $7,387,730
- Program services expenses (Part IX)
- $4,614,708
- Management and general expenses
- $915,100
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $4,614,708
Program services were 83.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1d · Related organizations
$1,224,510
-
1e · Government grants (contributions)
$2,565,542
-
1f · All other contributions, gifts and grants
$771,966
-
3 · Investment income
total $5,012 · excluded $5,012
-
11a · Other revenue: OTHER
total $23,671 · excluded $23,671
-
11e · Other revenue, total
$23,671
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $210,987 · program services $98,165 · management and general $112,822
-
7 · Other salaries and wages
total $2,896,344 · program services $2,464,464 · management and general $431,880
-
8 · Pension plan contributions
total $55,440 · program services $37,659 · management and general $17,781
-
9 · Other employee benefits
total $203,645 · program services $138,333 · management and general $65,312
-
10 · Payroll taxes
total $273,258 · program services $221,994 · management and general $51,264
-
11c · Fees: accounting
total $15,000 · management and general $15,000
-
11g · Fees: other
total $962,507 · program services $811,079 · management and general $151,428
-
12 · Advertising and promotion
total $1,922 · program services $1,922
-
13 · Office expenses
total $26,248 · program services $23,309 · management and general $2,939
-
17 · Travel
total $66,474 · program services $52,879 · management and general $13,595
-
22 · Depreciation, depletion and amortization
total $27,640 · management and general $27,640
-
23 · Insurance
total $6,246 · management and general $6,246
-
24a · Other expenses: RESEARCH SUPPLIES
total $392,616 · program services $392,597 · management and general $19
-
24b · Other expenses: RESEARCH EQUIPMENT
total $252,102 · program services $249,959 · management and general $2,143
-
24c · Other expenses: EQUIPMENT RENTAL AND REPA
total $46,634 · program services $44,928 · management and general $1,706
-
24d · Other expenses: STUDY SUBJECTS
total $43,217 · program services $43,217
-
24e · All other expenses
total $49,528 · program services $34,203 · management and general $15,325
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $6,827,216 · end of year $6,746,656
-
3 · Pledges and grants receivable
beginning of year $2,146,463 · end of year $1,098,396
-
10a · Land, buildings and equipment: cost or other basis
$344,986
-
10b · Land, buildings and equipment: accumulated depreciation
$268,237
-
10c · Land, buildings and equipment, net
beginning of year $104,389 · end of year $76,749
-
17 · Accounts payable and accrued expenses
beginning of year $751,231 · end of year $534,071
-
27 · Net assets without donor restrictions
beginning of year $6,844,640 · end of year $6,326,657
-
28 · Net assets with donor restrictions
beginning of year $1,482,197 · end of year $1,061,073
Mission and programs · 2022
Mission
BVMRF ADVANCES RESEARCH AND EDUCATION ACTIVITIES TO ENHANCE THE QUALITY OF CARE AND HEALTH FOR VETERANS. WE STRIVE TO SERVE OUR VETERANS WITH THE SAME LOYALTY, HONESTY, AND INTEGRITY THEY DISPLAYED SERVING US.
-
RESEARCH AND EDUCATION PROGRAM IN 2022, THE FOUNDATION HAD RESEARCH ACTIVITIES THAT ENCOMPASSES BIOMEDICAL, HEALTH SERVICES, REHABILITATION ENGINEERING, MENTAL HEALTH AND GERIATRIC RESEARCH ENDEAVORS. THESE RESEARCH ACTIVITIES WERE DIRECTLY FUNDED THROUGH FEDERAL PROGRAMS OR PASS THROUGH ENTITIES, AND BY PARTICIPATING PHARMACEUTICAL COMPANIES. THERE WERE VARIOUS STUDIES COMPLETED AND ON-GOING DURING THE YEAR.
Expenses $4,614,708 · Grants $523,371
As filed on the 2022 return.
Listed in Part VII
-
Balavenkatesh KannaBALAVENKATESH KANNA
CHAIRMAN
- Total calculated
- $375,000
- From this org
- $0
- From related orgs
- $375,000
- Other
- $0
- Hours/week
- 5
Schedule J breakdown matched by us
- Base
- not reported + $375,000 related
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- not reported + $375,000 related
-
Robert Siegel MDROBERT SIEGEL MD
BOARD MEMBER
- Total calculated
- $309,189
- From this org
- $0
- From related orgs
- $309,189
- Other
- $0
- Hours/week
- 1
Schedule J breakdown matched by us
- Base
- not reported + $309,189 related
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- not reported + $309,189 related
-
Meenakshi Zaidi MDMEENAKSHI ZAIDI MD
BOARD MEMBER
- Total calculated
- $307,742
- From this org
- $0
- From related orgs
- $307,742
- Other
- $0
- Hours/week
- 5
Schedule J breakdown matched by us
- Base
- not reported + $307,742 related
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- not reported + $307,742 related
-
Timothy Hall MDTIMOTHY HALL MD
BOARD MEMBER
- Total calculated
- $266,470
- From this org
- $0
- From related orgs
- $266,470
- Other
- $0
- Hours/week
- 1
Schedule J breakdown matched by us
- Base
- not reported + $266,470 related
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- not reported + $266,470 related
-
Gregory ElderGREGORY ELDER
BOARD MEMBER
- Total calculated
- $254,443
- From this org
- $0
- From related orgs
- $254,443
- Other
- $0
- Hours/week
- 1
Schedule J breakdown matched by us
- Base
- not reported + $254,443 related
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- not reported + $254,443 related
-
Sheldon BrownSHELDON BROWN
BOARD MEMBER
- Total calculated
- $234,885
- From this org
- $0
- From related orgs
- $234,885
- Other
- $0
- Hours/week
- 4
Schedule J breakdown matched by us
- Base
- not reported + $234,885 related
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- not reported + $234,885 related
-
Dawn M Schaal MsDAWN M SCHAAL MS
BOARD MEMBER
- Total calculated
- $186,649
- From this org
- $0
- From related orgs
- $186,649
- Other
- $0
- Hours/week
- 1
Schedule J breakdown matched by us
- Base
- not reported + $186,649 related
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- not reported + $186,649 related
-
Dr Mary SanoDR MARY SANO
BOARD MEMBER
- Total calculated
- $176,300
- From this org
- $0
- From related orgs
- $176,300
- Other
- $0
- Hours/week
- 4
Schedule J breakdown matched by us
- Base
- not reported + $176,300 related
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- not reported + $176,300 related
-
Johane Simelane MPH MsJOHANE SIMELANE MPH MS
EXECUTIVE DI
- Total calculated
- $146,045
- From this org
- $146,045
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Maryann Musumeci RN MaMARYANN MUSUMECI RN MA
EXECUTIVE DI
- Total calculated
- $64,942
- From this org
- $64,942
- From related orgs
- $0
- Other
- $0
- Hours/week
- 16
-
Candace Grant MDCANDACE GRANT MD
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Iris Cook PhDIRIS COOK PHD
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Phyllis SchnepfPHYLLIS SCHNEPF
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- SCHEDULE J, PAGE 1, PART I, LINE 3
- SALARY OF KEY PERSONNEL REQUIRES APPROVAL BY THE BOARD.
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
JAMES J PETERS VA MEDICAL CENTER
501 C · VETERANS H · NY
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 31 May 2023
- IRS schema version
- 2022v5.0
- Source object
- 202341519349300334
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