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← VETERANS EDUCATION & RESEARCH ASSOC OF NORTHERN NEW ENGLAND INC

Form 990 for tax year 2024

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

Totals

Total revenue
$3,293,745
Total expenses
$3,546,634
Contributions and grants received
$1,363
Grants paid
$389,334
Program service revenue
$3,286,781
Investment income
$5,601
Other revenue
$0
Total assets, end of year
$2,331,069
Total liabilities, end of year
$413,268
Net assets or fund balances, end of year
$1,917,801
Program services expenses (Part IX)
$3,193,634
Management and general expenses
$353,000
Fundraising expenses
$0
Program service expenses (Part III)
$3,193,634

Program services were 90.0% 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

    $1,363

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

    total $1,521,258 · related or exempt $1,521,258

  • 2b · Program service revenue: PHARMACEUTICAL COMPANY

    total $713,196 · related or exempt $713,196

  • 2c · Program service revenue: INDIRECT INCOME

    total $527,914 · related or exempt $527,914

  • 2d · Program service revenue: IPA RESEARCH FUNDS

    total $513,481 · related or exempt $513,481

  • 2e · Program service revenue: REIMBURSED EXPENSES

    total $10,823 · related or exempt $10,823

  • 2f · All other program service revenue

    total $109 · related or exempt $109

  • 3 · Investment income

    total $12,180 · excluded $12,180

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

    other assets $6,579

  • 7c · Gain or loss

    other assets -$6,579

  • 7d · Net gain or loss

    total -$6,579 · excluded -$6,579

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $389,334 · program services $389,334

  • 5 · Compensation of officers, directors and key employees

    total $177,141 · program services $123,999 · management and general $53,142

  • 7 · Other salaries and wages

    total $1,639,268 · program services $1,535,485 · management and general $103,783

  • 8 · Pension plan contributions

    total $50,108 · program services $45,872 · management and general $4,236

  • 9 · Other employee benefits

    total $91,741 · program services $60,056 · management and general $31,685

  • 10 · Payroll taxes

    total $149,987 · program services $137,029 · management and general $12,958

  • 11c · Fees: accounting

    total $48,442 · management and general $48,442

  • 11g · Fees: other

    total $768,793 · program services $709,288 · management and general $59,505

  • 13 · Office expenses

    total $4,278 · program services $3,126 · management and general $1,152

  • 14 · Information technology

    total $9,285 · program services $5,790 · management and general $3,495

  • 17 · Travel

    total $6,883 · program services $6,883

  • 19 · Conferences, conventions and meetings

    total $19,305 · program services $17,818 · management and general $1,487

  • 20 · Interest

    total $7,323 · management and general $7,323

  • 22 · Depreciation, depletion and amortization

    total $13,520 · program services $13,520

  • 23 · Insurance

    total $19,526 · program services $6,319 · management and general $13,207

  • 24a · Other expenses: CHEMICALS AND SUPPLIES

    total $124,030 · program services $124,030

  • 24b · Other expenses: DUES AND SUBSCRIPTIONS

    total $16,724 · program services $4,139 · management and general $12,585

  • 24c · Other expenses: REIMBURSED EXPENSES

    total $10,946 · program services $10,946

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $1,243,992 · end of year $632,496

  • 3 · Pledges and grants receivable

    beginning of year $1,201,225 · end of year $776,665

  • 4 · Accounts receivable

    beginning of year $334,008 · end of year $304,456

  • 9 · Prepaid expenses and deferred charges

    beginning of year $7,943 · end of year $8,494

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

    $280,759

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

    $272,093

  • 10c · Land, buildings and equipment, net

    beginning of year $28,087 · end of year $8,666

  • 12 · Investments: other securities

    end of year $600,292

  • 17 · Accounts payable and accrued expenses

    beginning of year $569,568 · end of year $338,388

  • 19 · Deferred revenue

    beginning of year $75,000 · end of year $74,880

  • 27 · Net assets without donor restrictions

    beginning of year $1,992,228 · end of year $1,792,160

  • 28 · Net assets with donor restrictions

    beginning of year $178,459 · end of year $125,641

Mission and programs · 2024

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. PROJECTS OF INTEREST INCLUDE CLINICAL TRIALS OF NEW INTERVENTIONS OR DRUG TREATMENTS, LABORATORY STUDIES OF CHRONIC AND INFECTIOUS DISEASES, CLINICAL EPIDEMIOLOGY AND EXPERIENTIAL EDUCATION FOR VETERANS THROUGH THERAPEUTIC SPORTS AND ARTS.

Activities or mission (Part I)

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.

  • 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 $3,193,634 · Grants $389,334 · Revenue $3,286,781

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

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, CHAIR

    Total calculated
    $0
    Hours/week
    3

  • Daniel O'Rourke MD

    CHIEF OF STAFF, VA WRJ

    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 (LEFT 12/24)

    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

    TREASURER/SECRETARY EFFECTIVE 1/25

    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
    $168,074
    From this org
    $168,074
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $168,074
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $168,074

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

Provenance

Return type
form_990
Tax year
2024
Filed
19 May 2026
IRS schema version
2024v5.5
Source object
202611399349300121

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

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