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Nonprofiteer
← BRONX VETERANS MEDICAL RESEARCH FOUNDATION INC

Form 990 for tax year 2023

Filed by BRONX VETERANS MEDICAL RESEARCH FOUNDATION INC.

Totals

Total revenue
$4,807,680
Total expenses
$5,877,880
Contributions and grants received
$4,757,309
Grants paid
$0
Program service revenue
$0
Investment income
$39,127
Other revenue
$11,244
Total assets, end of year
$7,091,358
Total liabilities, end of year
$400,145
Net assets or fund balances, end of year
$6,691,213
Program services expenses (Part IX)
$4,852,247
Management and general expenses
$1,025,633
Fundraising expenses
$0
Program service expenses (Part III)
$4,852,247

Program services were 82.6% 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

    $1,115,770

  • 1e · Government grants (contributions)

    $1,387,991

  • 1f · All other contributions, gifts and grants

    $2,253,548

  • 3 · Investment income

    total $39,127 · excluded $39,127

  • 11a · Other revenue: OTHER

    total $11,244 · excluded $11,244

  • 11e · Other revenue, total

    $11,244

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $161,119 · program services $108,297 · management and general $52,822

  • 7 · Other salaries and wages

    total $3,156,450 · program services $2,500,345 · management and general $656,105

  • 8 · Pension plan contributions

    total $46,044 · program services $37,504 · management and general $8,540

  • 9 · Other employee benefits

    total $237,737 · program services $193,643 · management and general $44,094

  • 10 · Payroll taxes

    total $285,844 · program services $284,101 · management and general $1,743

  • 11c · Fees: accounting

    total $21,658 · program services $5,998 · management and general $15,660

  • 11g · Fees: other

    total $1,210,041 · program services $1,029,686 · management and general $180,355

  • 12 · Advertising and promotion

    total $680 · program services $680

  • 13 · Office expenses

    total $35,825 · program services $33,275 · management and general $2,550

  • 17 · Travel

    total $48,849 · program services $38,452 · management and general $10,397

  • 22 · Depreciation, depletion and amortization

    total $27,640 · management and general $27,640

  • 23 · Insurance

    total $6,589 · program services $4,510 · management and general $2,079

  • 24a · Other expenses: RESEARCH SUPPLIES & EXPEN

    total $342,482 · program services $342,427 · management and general $55

  • 24b · Other expenses: EQUIPMENT - RESEARCH & EX

    total $134,328 · program services $134,328

  • 24c · Other expenses: PROGRAM EXPENSES

    total $58,499 · program services $47,181 · management and general $11,318

  • 24d · Other expenses: TUITION REIMBURSEMENT & L

    total $35,400 · program services $35,400

  • 24e · All other expenses

    total $68,695 · program services $56,420 · management and general $12,275

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $6,746,656 · end of year $5,470,364

  • 3 · Pledges and grants receivable

    beginning of year $1,098,396 · end of year $1,571,885

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

    $344,986

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

    $295,877

  • 10c · Land, buildings and equipment, net

    beginning of year $76,749 · end of year $49,109

  • 17 · Accounts payable and accrued expenses

    beginning of year $534,071 · end of year $400,145

  • 27 · Net assets without donor restrictions

    beginning of year $6,326,657 · end of year $4,646,193

  • 28 · Net assets with donor restrictions

    beginning of year $1,061,073 · end of year $2,045,020

Mission and programs · 2023

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 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 $4,852,247

As filed on the 2023 return.

Listed in Part VII

  • Balavenkatesh Kanna MD MPH

    CHAIRMAN

    Total calculated
    $379,552
    From this org
    $0
    From related orgs
    $379,552
    Other
    $0
    Hours/week
    5

    Schedule J breakdown matched by us

    Base
    not reported + $379,552 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    not reported + $379,552 related

  • David Ng MD

    BOARD MEMBER

    Total calculated
    $365,179
    From this org
    $0
    From related orgs
    $365,179
    Other
    $0
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    not reported + $365,179 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    not reported + $365,179 related

  • Meenakshi Zaidi MD

    BOARD MEMBER

    Total calculated
    $317,059
    From this org
    $0
    From related orgs
    $317,059
    Other
    $0
    Hours/week
    5

    Schedule J breakdown matched by us

    Base
    not reported + $317,059 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    not reported + $317,059 related

  • Robert Siegel MD

    BOARD MEMBER

    Total calculated
    $315,869
    From this org
    $0
    From related orgs
    $315,869
    Other
    $0
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    not reported + $315,869 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    not reported + $315,869 related

  • Timothy Hall MD

    BOARD MEMBER

    Total calculated
    $289,856
    From this org
    $0
    From related orgs
    $289,856
    Other
    $0
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    not reported + $289,856 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    not reported + $289,856 related

  • Gregory Elder

    BOARD MEMBER

    Total calculated
    $260,211
    From this org
    $0
    From related orgs
    $260,211
    Other
    $0
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    not reported + $260,211 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    not reported + $260,211 related

  • Sheldon Brown

    BOARD MEMBER

    Total calculated
    $241,562
    From this org
    $0
    From related orgs
    $241,562
    Other
    $0
    Hours/week
    4

    Schedule J breakdown matched by us

    Base
    not reported + $241,562 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    not reported + $241,562 related

  • Dawn M Schaal Ms

    BOARD MEMBER

    Total calculated
    $194,301
    From this org
    $0
    From related orgs
    $194,301
    Other
    $0
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    not reported + $194,301 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    not reported + $194,301 related

  • Mary Sano PhD

    BOARD MEMBER

    Total calculated
    $183,500
    From this org
    $0
    From related orgs
    $183,500
    Other
    $0
    Hours/week
    4

    Schedule J breakdown matched by us

    Base
    not reported + $183,500 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    not reported + $183,500 related

  • Johane Simelane MPH Ms

    EXECUTIVE DI

    Total calculated
    $161,119
    From this org
    $161,119
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $161,119
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $161,119

  • Candace Grant MD

    PUBLIC BOARD

    Total calculated
    $0
    Hours/week
    1

  • Phyllis Schnepf Ms

    PUBLIC BOARD

    Total calculated
    $0
    Hours/week
    1

  • Iris Cook PhD

    PUBLIC BOARD

    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
2023
Filed
28 May 2024
IRS schema version
2023v5.0
Source object
202431509349300628

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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