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Nonprofiteer
← MIDWEST VETERANS BIOMEDICAL RESEARCH FOUNDATION

Form 990 for tax year 2022

Filed by MIDWEST VETERANS BIOMEDICAL RESEARCH FOUNDATION.

Totals

Total revenue
$2,288,378
Total expenses
$2,302,172
Contributions and grants received
$1,263,259
Grants paid
$0
Program service revenue
$977,095
Investment income
$48,024
Other revenue
$0
Total assets, end of year
$3,172,666
Total liabilities, end of year
$178,249
Net assets or fund balances, end of year
$2,994,417
Program services expenses (Part IX)
$2,004,340
Management and general expenses
$297,832
Fundraising expenses
$0
Program service expenses (Part III)
$2,004,340

Program services were 87.1% 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.

  • 1e · Government grants (contributions)

    $441,737

  • 1f · All other contributions, gifts and grants

    $821,522

  • 2a · Program service revenue: FEDERAL IPA CONTRACTS

    total $847,394 · related or exempt $847,394

  • 2b · Program service revenue: CLINICAL RESEARCH FEES

    total $129,701 · related or exempt $129,701

  • 3 · Investment income

    total $48,024 · excluded $48,024

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $77,602 · management and general $77,602

  • 7 · Other salaries and wages

    total $1,608,711 · program services $1,568,907 · management and general $39,804

  • 8 · Pension plan contributions

    total $31,802 · program services $27,691 · management and general $4,111

  • 9 · Other employee benefits

    total $93,289 · program services $84,790 · management and general $8,499

  • 10 · Payroll taxes

    total $124,672 · program services $118,848 · management and general $5,824

  • 11b · Fees: legal

    total $2,155 · program services $2,155

  • 11c · Fees: accounting

    total $103,343 · management and general $103,343

  • 12 · Advertising and promotion

    total $331 · program services $331

  • 17 · Travel

    total $17,670 · program services $15,969 · management and general $1,701

  • 19 · Conferences, conventions and meetings

    total $3,537 · program services $2,237 · management and general $1,300

  • 23 · Insurance

    total $27,515 · program services $10,338 · management and general $17,177

  • 24a · Other expenses: RESEARCH STUDY COST

    total $58,466 · program services $58,466

  • 24b · Other expenses: OUTSIDE SERVICES

    total $44,300 · program services $24,328 · management and general $19,972

  • 24c · Other expenses: PROGRAM SUPPLIES

    total $40,488 · program services $40,488

  • 24d · Other expenses: REGISTRATION & MEETINGS

    total $29,554 · program services $28,694 · management and general $860

  • 24e · All other expenses

    total $38,737 · program services $21,098 · management and general $17,639

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $266,224 · end of year $289,652

  • 2 · Savings and temporary cash investments

    beginning of year $2,359,380 · end of year $2,086,776

  • 4 · Accounts receivable

    beginning of year $566,186 · end of year $787,499

  • 9 · Prepaid expenses and deferred charges

    beginning of year $7,592 · end of year $8,739

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

    $470,730

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

    $470,730

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $127,487 · end of year $156,079

  • 19 · Deferred revenue

    beginning of year $88,179 · end of year $22,170

  • 27 · Net assets without donor restrictions

    beginning of year $2,983,716 · end of year $2,994,417

Mission and programs · 2022

Mission

TO PREVENT AND CURE VETERAN-SPECIFIC ILLNESSES AND INJURIES THROUGH INNOVATIVE RESEARCH AND EDUCATION.

  • SUPPORTED CLINICAL RESEARCH STUDIES THAT IMPROVE TREATMENT ANDCURE OF HEALTH PROBLEMS PREVALENT AMONG VETERAN PATIENTS AND THERELEVANT GENERAL POPULATION. SPECIAL EMPHASIS IS PLACED ONPROJECTS THAT DEVELOP NEW TECHNOLOGY, DRUG THERAPIES ANDREHABILITATION FOR THE AGING POPULATION. SUPPORT IS ALSO PROVIDEDFOR BASIC SCIENCE RESEARCH PROJECTS DESIGNED TO ACQUIRE NEWKNOWLEDGE LEADING TO IMPROVEMENTS IN THE PREVENTION, DIAGNOSIS ANDTREATMENT OF DISEASES AND DISABILITIES.

    Expenses $2,001,847 · Revenue $2,231,225

  • SUPPORTED EDUCATION AND TRAINING RELATED ACTIVITIES FOR THE BENEFIT OF VETERANS, THEIR FAMILIES, STAFF AND THE COMMUNITY AT LARGE. INCLUDED IN THE PROGRAM, IS A DEPARTMENT OF HEALTH & HUMAN SERVICES, HSRS FUNDED PROJECT, WHICH INVOLVES EDUCATING CAREGIVERS OF VETERANS AND IN COMPASSIONATE CARE OF VETERANS WITH DEMENTIA. THE OBJECTIVES OF THIS PROGRAM ARE: TRAINING CURRENT AND FUTURE PROVIDERS TO ASSESS AND ADDRESS THE PRIMARY CARE NEEDS OF OLDER ADULTS; TRANSFORMING CLINICAL TRAINING ENVIRONMENTS TO BECOME AGE-FRIENDLY HEALTH SYSTEMS; DELIVERING COMMUNITY-BASED PROGRAMS THAT PROVIDE PATIENTS, FAMILIES, CAREGIVERS, AND DIRECT CARE WORKERS WITH THE KNOWLEDGE AND SKILLS TO IMPROVE HEALTH OUTCOMES FOR OLDER ADULTS.

    Expenses $2,493 · Revenue $2,457

As filed on the 2022 return.

Listed in Part VII

  • RAMRATAN SHARMA PHD

    CHAIRMAN

    Total calculated
    $141,155
    From this org
    $0
    From related orgs
    $141,155
    Other
    $0
    Hours/week
    1 + 40 related

  • ANTHONY KLOPFER

    DIRECTOR

    Total calculated
    $202,187
    From this org
    $0
    From related orgs
    $202,187
    Other
    $0
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $202,187 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $202,187 related

  • WILLARD SNYDER JD

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • STEVE BUBB MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • AHMAD BATRASH MD

    DIRECTOR

    Total calculated
    $341,119
    From this org
    $0
    From related orgs
    $341,119
    Other
    $0
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $341,119 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $341,119 related

  • MARY OEHLERT PHD

    TREASURER

    Total calculated
    $0
    Hours/week
    3

  • SHARAD MATHUR MD

    DIRECTOR

    Total calculated
    $354,865
    From this org
    $0
    From related orgs
    $354,865
    Other
    $0
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $354,865 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $354,865 related

  • CHRISTINE FAULK MD

    DIRECTOR

    Total calculated
    $293,802
    From this org
    $0
    From related orgs
    $293,802
    Other
    $0
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $293,802 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $293,802 related

  • PRATEEK SHARMA MD

    DIRECTOR

    Total calculated
    $372,770
    From this org
    $0
    From related orgs
    $372,770
    Other
    $0
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $372,770 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $372,770 related

  • PAULA ROYCHAUDHURI

    DIRECTOR

    Total calculated
    $138,290
    From this org
    $0
    From related orgs
    $138,290
    Other
    $0
    Hours/week
    1 + 40 related

  • ART FILLMORE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SEEMA JOSHI

    DIRECTOR

    Total calculated
    $251,192
    From this org
    $0
    From related orgs
    $251,192
    Other
    $0
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $251,192 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $251,192 related

  • DONALD R CAMPBELL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • RODERICK COX

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • FRANK PIPER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • WILLIAM G ECKHARDT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CANACE IFABIYI

    DIRECTOR

    Total calculated
    $173,883
    From this org
    $0
    From related orgs
    $173,883
    Other
    $0
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $173,883 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $173,883 related

  • JULIE GOUDA MD

    EXECUTIVE DIRECTOR

    Total calculated
    $77,601
    From this org
    $77,601
    From related orgs
    $0
    Other
    $0
    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

None.

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.

Provenance

Return type
form_990
Tax year
2022
Filed
22 April 2024
IRS schema version
2022v5.0
Source object
202422049349300332

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