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← VETERANS EDUCATION & RESEARCH ASSOC OF NORTHERN NEW ENGLAND INC

Form 990 for tax year 2023

Filed by VETERANS EDUCATION & RESEARCH ASSOC OF NORTHERN NEW ENGLAND INC.

Totals

Total revenue
$3,336,011
Total expenses
$4,107,016
Contributions and grants received
$1,213
Grants paid
$501,684
Program service revenue
$3,332,774
Investment income
$2,024
Other revenue
$0
Total assets, end of year
$2,815,255
Total liabilities, end of year
$644,568
Net assets or fund balances, end of year
$2,170,687
Program services expenses (Part IX)
$3,701,985
Management and general expenses
$405,031
Fundraising expenses
$0
Program service expenses (Part III)
$3,701,985

Program services were 90.1% 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.

  • 1f · All other contributions, gifts and grants

    $1,213

  • 2a · Program service revenue: FEDERAL AWARDS AND GRA

    total $1,624,559 · related or exempt $1,624,559

  • 2b · Program service revenue: IPA RESEARCH FUNDS

    total $664,592 · related or exempt $664,592

  • 2c · Program service revenue: INDIRECT INCOME

    total $436,557 · related or exempt $436,557

  • 2d · Program service revenue: PHARMACEUTICAL COMPANY

    total $400,128 · related or exempt $400,128

  • 2e · Program service revenue: OTHER GRANTS

    total $158,756 · related or exempt $158,756

  • 2f · All other program service revenue

    total $48,182 · related or exempt $48,182

  • 3 · Investment income

    total $3,402 · excluded $3,402

  • 7a · Gross sales of assets other than inventory

    other assets $400

  • 7b · Less cost or other basis and sales expenses

    other assets $1,778

  • 7c · Gain or loss

    other assets -$1,378

  • 7d · Net gain or loss

    total -$1,378 · related or exempt -$1,378

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $501,684 · program services $501,684

  • 5 · Compensation of officers, directors and key employees

    total $212,304 · program services $116,767 · management and general $95,537

  • 7 · Other salaries and wages

    total $2,166,996 · program services $2,089,154 · management and general $77,842

  • 8 · Pension plan contributions

    total $60,657 · program services $49,147 · management and general $11,510

  • 9 · Other employee benefits

    total $117,477 · program services $90,324 · management and general $27,153

  • 10 · Payroll taxes

    total $130,713 · program services $119,044 · management and general $11,669

  • 11c · Fees: accounting

    total $55,713 · management and general $55,713

  • 11g · Fees: other

    total $603,726 · program services $531,418 · management and general $72,308

  • 12 · Advertising and promotion

    total $272 · management and general $272

  • 13 · Office expenses

    total $9,661 · program services $6,133 · management and general $3,528

  • 14 · Information technology

    total $6,692 · program services $3,868 · management and general $2,824

  • 17 · Travel

    total $57,896 · program services $49,047 · management and general $8,849

  • 19 · Conferences, conventions and meetings

    total $22,867 · program services $20,857 · management and general $2,010

  • 20 · Interest

    total $1,972 · management and general $1,972

  • 22 · Depreciation, depletion and amortization

    total $25,963 · program services $25,963

  • 23 · Insurance

    total $23,399 · program services $9,768 · management and general $13,631

  • 24a · Other expenses: CHEMICALS AND SUPPLIES

    total $85,216 · program services $85,216

  • 24b · Other expenses: DUES AND SUBSCRIPTIONS

    total $23,808 · program services $3,595 · management and general $20,213

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $1,774,265 · end of year $1,243,992

  • 3 · Pledges and grants receivable

    beginning of year $1,146,002 · end of year $1,201,225

  • 4 · Accounts receivable

    beginning of year $309,161 · end of year $334,008

  • 9 · Prepaid expenses and deferred charges

    beginning of year $13,983 · end of year $7,943

  • 10a · Land, buildings and equipment: cost or other basis

    $302,580

  • 10b · Land, buildings and equipment: accumulated depreciation

    $274,493

  • 10c · Land, buildings and equipment, net

    beginning of year $39,684 · end of year $28,087

  • 12 · Investments: other securities

    beginning of year $142,843 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $489,815 · end of year $569,568

  • 19 · Deferred revenue

    beginning of year $1,607 · end of year $75,000

  • 27 · Net assets without donor restrictions

    beginning of year $2,735,997 · end of year $1,992,228

  • 28 · Net assets with donor restrictions

    beginning of year $198,519 · end of year $178,459

Mission and programs · 2023

Mission

THE PRINCIPAL MISSION OF VERANNE, AS OUTLINED IN THE AUTHORIZATION BY CONGRESS UNDER 38 USC 7361-7366, IS TO A PROVIDE A FLEXIBLE FUNDING MECHANISM TO SUPPORT THE CONDUCT OF VA-AUTHORIZED RESEARCH AND EDUCATION AT ITS PARTNER VA MEDICAL CENTERS.

Activities or mission (Part I)

THE MISSION OF THE VETERANS EDUCATION AND RESEARCH ASSOCIATION OF NORTHERN NEW ENGLAND IS TO ADVANCE STATE-OF-THE-ART HEALTHCARE FOR VETERANS THROUGH THE SUPPORT OF RESEARCH AND EDUCATION PROGRAMS AT VETERANS AFFAIRS MEDICAL CENTERS IN NORTHERN NEW ENGLAND.

  • TO FACILITATE RESEARCH AND EDUCATION AT THE VA MEDICAL CENTERS IN WHITE RIVER JUNCTION, VT, MANCHESTER, NH,THE VA MAINE HEALTHCARE SYSTEM, AUGUSTA, ME AND THE VA CENTRAL WESTERN MASSACHUSETTS, NORTHAMPTON, MA.

    Expenses $3,701,985 · Grants $501,684 · Revenue $3,331,396

As filed on the 2023 return.

Listed in Part VII

  • Brad Schimelman MD

    ACOS/R&E VA ME

    Total calculated
    $0
    Hours/week
    0.5

  • Brett Rusch MD

    EXECUTIVE DIRECTOR WRJ

    Total calculated
    $0
    Hours/week
    0.5

  • Brian Phemester Do

    ACOS/E VA MHT

    Total calculated
    $0
    Hours/week
    0.5

  • Brian Shiner MD

    ACOS/R VA WRJ

    Total calculated
    $0
    Hours/week
    3

  • Daniel O'Rourke MD

    CHIEF OF STAFF, VA WRJ

    Total calculated
    $0
    Hours/week
    0.5

  • Duane Gill

    MEDICAL CENTER DIRECTOR VA

    Total calculated
    $0
    Hours/week
    0.5

  • Hugh Huizenga MD

    ACOS/E, VA WRJ VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.5

  • Jose Casares Ma Cip

    TREASURER/SECRETARY

    Total calculated
    $0
    Hours/week
    3

  • Kevin Forrest Fache

    MEDICAL CENTER DIRECTOR VA

    Total calculated
    $0
    Hours/week
    0.5

  • Kristin Mattocks PhD MPH

    ACOS/R&E, VA CWM CHAIR

    Total calculated
    $0
    Hours/week
    0.5

  • Mary Rauschenberg

    VACREF INT EXEC DIR

    Total calculated
    $0
    Hours/week
    2

  • Robert Zwolak MD

    ACOS/R VA MHT

    Total calculated
    $0
    Hours/week
    2

  • Tracye Davis

    MEDICAL CENTER DIRECTOR VA

    Total calculated
    $0
    Hours/week
    0.5

  • Jonathan Kerr

    ACTING MCD FOR GILL, TERM

    Total calculated
    $0
    Hours/week
    0.5

  • Sheila Noone

    EXECUTIVE DIRECTOR

    Total calculated
    $155,976
    From this org
    $155,976
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $155,976
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $155,976

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 · Compensation survey or study
  • 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)

PART I, LINE 3
A COMPENSATION SURVEY WAS ORIGINALLY USED TO AID IN ESTABLISHING THE EXECUTIVE DIRECTOR'S COMPENSATION. THE BOARD HAD ULTIMATE APPROVAL OVER THE INITIAL COMPENSATION AND SINCE HAS ESTABLISHED ANY INCREASES.

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

  • WATTS BRADLEYDOD PRIME PTSD W81XWH22C0147 - 0011802093

    $237,961

    RESEARCH & DEVELOPMENT

  • SCHROECK FREPLACING INVASIVE CYTOSCOPY 1R37CA27591

    $201,058

    RESEARCH & DEVELOPMENT

  • SHINER BDOD#2-REAL WORLD STUDY - W81XWH-22-1-0641

    $62,415

    RESEARCH & DEVELOPMENT

Provenance

Return type
form_990
Tax year
2023
Filed
13 February 2025
IRS schema version
2023v6.0
Source object
202530499349300303

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