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← CENTER FOR VETERANS RESEARCH AND EDUCATION

Form 990 for tax year 2023

Filed by CENTER FOR VETERANS RESEARCH AND EDUCATION.

Totals

Total revenue
$8,291,707
Total expenses
$7,982,309
Contributions and grants received
$4,161
Grants paid
$0
Program service revenue
$8,198,800
Investment income
$88,746
Other revenue
$0
Total assets, end of year
$6,997,455
Total liabilities, end of year
$1,922,832
Net assets or fund balances, end of year
$5,074,623
Program services expenses (Part IX)
$6,978,913
Management and general expenses
$1,003,396
Fundraising expenses
$0
Program service expenses (Part III)
$6,978,913

Program services were 87.4% 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

    $4,161

  • 2a · Program service revenue: RESEARCH GRANT REVENUE

    total $5,835,987 · related or exempt $5,835,987

  • 2b · Program service revenue: CONTRACT RESEARCH INCOME

    total $1,923,477 · related or exempt $1,923,477

  • 2c · Program service revenue: PHARMACEUTICAL CONTRACTS

    total $437,434 · related or exempt $437,434

  • 2d · Program service revenue: FEES EARNED

    total $1,902 · related or exempt $1,902

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $88,746 · excluded $88,746

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $156,577 · management and general $156,577

  • 7 · Other salaries and wages

    total $5,238,375 · program services $4,827,444 · management and general $410,931

  • 8 · Pension plan contributions

    total $71,208 · program services $56,299 · management and general $14,909

  • 9 · Other employee benefits

    total $203,005 · program services $160,503 · management and general $42,502

  • 10 · Payroll taxes

    total $257,320 · program services $209,009 · management and general $48,311

  • 11b · Fees: legal

    total $7,435 · management and general $7,435

  • 11c · Fees: accounting

    total $41,265 · management and general $41,265

  • 11g · Fees: other

    total $1,549,420 · program services $1,506,618 · management and general $42,802 · fundraising $0

  • 12 · Advertising and promotion

    total $5,841 · program services $5,841

  • 13 · Office expenses

    total $9,019 · program services $3,325 · management and general $5,694

  • 16 · Occupancy

    total $69,440 · program services $1,985 · management and general $67,455

  • 17 · Travel

    total $77,502 · program services $40,533 · management and general $36,969

  • 19 · Conferences, conventions and meetings

    total $25,038 · program services $13,095 · management and general $11,943

  • 22 · Depreciation, depletion and amortization

    total $92,252 · program services $89,284 · management and general $2,968

  • 23 · Insurance

    total $13,801 · program services $5,790 · management and general $8,011

  • 24a · Other expenses: EQUIPMENT PURCHASES

    total $77,982 · program services $9,594 · management and general $68,388

  • 24b · Other expenses: BAD DEBT

    total $22,628 · program services $22,628

  • 24c · Other expenses: DUES & SUBSCRIPTIONS

    total $21,037 · program services $1,242 · management and general $19,795

  • 24d · Other expenses: PUBLICATIONS

    total $20,183 · program services $12,028 · management and general $8,155

  • 24e · All other expenses

    total $22,981 · program services $13,695 · management and general $9,286 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $789,577 · end of year $212,798

  • 2 · Savings and temporary cash investments

    beginning of year $2,622,308 · end of year $3,454,488

  • 3 · Pledges and grants receivable

    beginning of year $1,682,112 · end of year $1,637,677

  • 4 · Accounts receivable

    beginning of year $1,287,083 · end of year $1,442,197

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $53,195 · end of year $37,834

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

    $749,850

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

    $572,389

  • 10c · Land, buildings and equipment, net

    beginning of year $269,713 · end of year $177,461

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $35,000 · end of year $35,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,528,275 · end of year $1,207,379

  • 19 · Deferred revenue

    beginning of year $297,543 · end of year $245,619

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $160,898 · end of year $469,834

  • 27 · Net assets without donor restrictions

    beginning of year $4,582,983 · end of year $4,930,972

  • 28 · Net assets with donor restrictions

    beginning of year $169,289 · end of year $143,651

Mission and programs · 2023

Mission

AT CVRE, OUR NUMBER ONE MISSION IS: ADVANCING VETERANS HEALTH.

Activities or mission (Part I)

ESTABLISHED TO SERVE AS A FLEXIBLE FUNDING MECHANISM FOR THE CONDUCT OF APPROVED RESEARCH AND RELATED ACTIVITIES AT THE MN VA MEDICAL CENTER. SUPPORTED RESEARCH STUDIES ARE CONDUCTED FOR THE PURPOSE OF DISCOVERING NEW OR IMPROVED TREATMENTS FOR DISEASE AND DISABILITY; AND FOR EDUCATION OF VA PATIENTS AND FAMILIES, AND VA PERSONNEL FOR THEIR DEVELOPMENT AND ADVANCEMENT OF NEW KNOWLEDGE.

  • FUNDING FOR THE RESEARCH ACTIVITIES OF CVRE IS DERIVED FROM FEDERAL AND STATE GRANTING AND AWARD MECHANISM, AND PRIVATELY FUNDED AWARD AND CONTRACTS PROVIDED BY CORPORATIONS AND FROM OTHER NOT-FOR-PROFIT ORGANIZATIONS. THESE SPONSORED AWARDS ARE ISSUED IN THE FORMS OF - BUT NOT LIMITED - CRADA'S (COOPERATIVE RESEARCH AND DEVELOPMENT AWARDS), INDUSTRY CONTRACTS, CLINICAL TRIAL AGREEMENTS AND GRANT AWARDS. CRADAS ESTABLISH THE TERMS OF SPONSORED COLLABORATIVE RESEARCH, GENERALLY WITH NON-FEDERAL INDUSTRY PARTNERS, AND ARE SPECIFICALLY DESIGNED TO PROTECT THE PARTIES' PRIOR INVENTIONS WHILE ALLOWING RESEARCH PARTNERS TO NEGOTIATE MANAGEMENT OF ANY NEW DISCOVERY OR INTELLECTUAL PROPERTY THAT MAY RESULT FROM THE COLLABORATION. CRADAS ARE GOVERNED BY THE TITLE 15 COMMERCE AND TRADE, CHAPTER 63, TECHNOLOGY INNOVATION, SECTION 3710A COOPERATIVE RESEARCH AND DEVELOPMENT AGREEMENTS. THEY ARE SUBJECT TO REVIEW AND APPROVAL OF THE VA OGC. ALL RESEARCH PROJECTS MUST BE APPROVED BY THE MINNEAPOLIS VA RESEARCH AND DEVELOPMENT (R&D) COMMITTE AND APPLICABLE SUBCOMMITTEES. THE R&D COMMITTEE HAS OVERALL RESPONSIBILITY FOR THE CONDUCT AND OVERSIGHT OF ALL RESEARCH ADMINISTERED THIS ORGANIZATION, AND THE RESEARCH IS GOVERNED BY FEDERAL RULES AND REGULATIONS. THESE TYPES OF RESEARCH STUDIES ARE DIFFERENTIATED BY FUNDING SOURCE, AND BY THEIR INTENT TO GENERATE NEW KNOWLEDGE.

    Expenses $6,976,413 · Revenue $8,198,800

  • EDUCATIONAL PROGRAMS SUPPORTED BY THIS ORGANIZATION MUST BENEFIT VA PATIENTS AND THEIR FAMILIES, AND VA PERSONNEL. EDUCATION ACTIVITIES MUST BE APPROVED BY THE MINNEAPOLIS VA MEDICAL CENTER EDUCATION COMMITTEE. ELIGIBLE EDUCATIONAL PROGRAMS ARE DEFINED UNDER 38 U.S.C. 7362(B).

    Expenses $2,500

As filed on the 2023 return.

Listed in Part VII

  • Hanna Bloomfield

    VICE PRESIDENT

    Total calculated
    $398,232
    From this org
    $0
    From related orgs
    $300,909
    Other
    $97,323
    Hours/week
    0.1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $300,909 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $66,188 related
    Nontaxable benefits
    $0 + $31,135 related
    Filer's total
    $0 + $398,232 related

  • Michael Armstrong

    PRESIDENT

    Total calculated
    $520,362
    From this org
    $0
    From related orgs
    $399,969
    Other
    $120,393
    Hours/week
    0.1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $399,969 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $89,240 related
    Nontaxable benefits
    $0 + $31,153 related
    Filer's total
    $0 + $520,362 related

  • Steve Kooren

    TREASURER

    Total calculated
    $0
    Hours/week
    0.1

  • Bradley Bart

    DIRECTOR

    Total calculated
    $457,948
    From this org
    $0
    From related orgs
    $366,222
    Other
    $91,726
    Hours/week
    0.1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $366,222 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $76,518 related
    Nontaxable benefits
    $0 + $15,208 related
    Filer's total
    $0 + $457,948 related

  • Casey Gilmore

    DIRECTOR

    Total calculated
    $153,404
    From this org
    $0
    From related orgs
    $118,514
    Other
    $34,890
    Hours/week
    0.1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $118,514 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $25,824 related
    Nontaxable benefits
    $0 + $9,066 related
    Filer's total
    $0 + $153,404 related

  • Ezgi Tiryaki

    DIRECTOR

    Total calculated
    $412,480
    From this org
    $0
    From related orgs
    $337,254
    Other
    $75,226
    Hours/week
    0.1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $337,254 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $60,669 related
    Nontaxable benefits
    $0 + $14,557 related
    Filer's total
    $0 + $412,480 related

  • Jacob Finn

    DIRECTOR

    Total calculated
    $157,900
    From this org
    $0
    From related orgs
    $122,361
    Other
    $35,539
    Hours/week
    0.1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $122,361 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $26,479 related
    Nontaxable benefits
    $0 + $9,060 related
    Filer's total
    $0 + $157,900 related

  • Jane Moraski Matson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • John Baker

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • John Looft

    DIRECTOR

    Total calculated
    $153,241
    From this org
    $0
    From related orgs
    $118,597
    Other
    $34,644
    Hours/week
    0.1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $118,597 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $25,584 related
    Nontaxable benefits
    $0 + $9,060 related
    Filer's total
    $0 + $153,241 related

  • Mitch Granberg

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • Patrick Kelly

    DIRECTOR

    Total calculated
    $344,803
    From this org
    $0
    From related orgs
    $274,640
    Other
    $70,163
    Hours/week
    0.1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $274,640 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $51,842 related
    Nontaxable benefits
    $0 + $18,321 related
    Filer's total
    $0 + $344,803 related

  • Nadine Rogers

    EXECUTIVE DIRECTOR

    Total calculated
    $156,577
    From this org
    $149,884
    From related orgs
    $0
    Other
    $6,693
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $149,884
    Bonus
    $0
    Other
    $0
    Deferred
    $5,995
    Nontaxable benefits
    $698
    Filer's total
    $156,577

  • Michael Souder

    SENIOR IT SYSTEMS ANALYST

    Total calculated
    $113,819
    From this org
    $103,573
    From related orgs
    $0
    Other
    $10,246
    Hours/week
    40

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 committee
  • 3 · Written employment contract
  • 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

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.

  • MINNEAPOLIS VA MEDICAL CENTER

    501(c)(1) · VETS' AFFAIRS · MN

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2023
Filed
9 May 2024
IRS schema version
2023v5.0
Source object
202431309349300938

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