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Nonprofiteer
← BOSTON VA RESEARCH INSTITUTE INC

Form 990 for tax year 2024

Filed by BOSTON VA RESEARCH INSTITUTE INC.

This return was superseded by a later amendment. matched by us It is kept because history is preserved rather than replaced.

What the amendment changed

Compared with the latest return for 2024 , filed 26 May 2026. matched by us Only the Part I totals and the names listed in Part VII are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Total revenue
$12,550,550 changed to $15,893,775
Total expenses
$12,580,411 changed to $14,923,968
Contributions and grants received
$10,539,362 changed to $12,670,428
Program service revenue
$1,229,509 changed to $2,345,388
Investment income
$781,679 changed to $877,959
Total assets, end of year
$29,213,890 changed to $25,744,224
Total liabilities, end of year
$23,797,026 changed to $19,358,737
Net assets or fund balances, end of year
$5,416,864 changed to $6,385,487
Program services expenses
$10,659,913 changed to $12,290,020
Management and general expenses
$1,920,498 changed to $2,633,948
Program service expenses (Part III)
$10,659,913 changed to $12,290,020

Listed only on the earlier return

  • Marci Salow
  • Ryan Ferguson
  • Terence Keane PhD

Listed only on the later return

  • Dmitry Gerashchenko
  • Jaimie Gradus Dmsc Dsc MPH
  • Jessica Loren Mulligan
  • Kristen Harding
  • Leslie Pierson Ms Mt
  • Marci Salow Pharmd Bcgp
  • Margaret Niznikiewicz
  • Marian O'Neil
  • Ryan Ferguson MPH Dsc
  • Sherilyn Sawyer
  • Terence M Keane PhD
  • Tundra Gatewood PhD

Listed under a different title

  • Aldebaran Hofer PhD: DIRECTOR then DIRECTOR/VICE CHAIR
  • Jacob Joseph MD Facc Faha: DIRECTOR/VICE CHAIR then DIRECTOR/CHAIR
  • Jennifer Vasterling PhD: DIRECTOR/CHAIR then DIRECTOR/CHAIR (UNTIL 12/2024)
  • Mary Brophy MD MPH: DIRECTOR then DIRECTOR (UNTIL 12/2024)
  • Richard Seligman EdD: DIRECTOR/COMMUNITY MEMBER then DIRECTOR
  • Vincent Ng MBA: DIRECTOR then DIRECTOR (UNTIL 05/2025)

Totals

Total revenue
$12,550,550
Total expenses
$12,580,411
Contributions and grants received
$10,539,362
Grants paid
$0
Program service revenue
$1,229,509
Investment income
$781,679
Other revenue
$0
Total assets, end of year
$29,213,890
Total liabilities, end of year
$23,797,026
Net assets or fund balances, end of year
$5,416,864
Program services expenses (Part IX)
$10,659,913
Management and general expenses
$1,920,498
Fundraising expenses
$0
Program service expenses (Part III)
$10,659,913

Program services were 84.7% 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)

    $9,851,849

  • 1f · All other contributions, gifts and grants

    $687,513

  • 2a · Program service revenue: CRADA

    total $1,229,509 · related or exempt $1,229,509

  • 3 · Investment income

    total $621,633 · excluded $621,633

  • 7a · Gross sales of assets other than inventory

    securities $17,192,906

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

    securities $17,032,860

  • 7c · Gain or loss

    securities $160,046

  • 7d · Net gain or loss

    total $160,046 · excluded $160,046

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $185,624 · management and general $185,624

  • 7 · Other salaries and wages

    total $3,663,789 · program services $2,807,349 · management and general $856,440

  • 8 · Pension plan contributions

    total $108,531 · program services $73,815 · management and general $34,716

  • 9 · Other employee benefits

    total $1,152,269 · program services $781,151 · management and general $371,118

  • 10 · Payroll taxes

    total $356,288 · program services $258,526 · management and general $97,762

  • 11c · Fees: accounting

    total $64,307 · management and general $64,307

  • 11g · Fees: other

    total $949,403 · program services $879,028 · management and general $70,375

  • 13 · Office expenses

    total $147,649 · program services $122,028 · management and general $25,621

  • 14 · Information technology

    total $132,318 · program services $3,410 · management and general $128,908

  • 17 · Travel

    total $119,854 · program services $97,554 · management and general $22,300

  • 19 · Conferences, conventions and meetings

    total $39,686 · program services $37,694 · management and general $1,992

  • 21 · Payments to affiliates

    total $1,312,382 · program services $1,312,382

  • 22 · Depreciation, depletion and amortization

    total $35,694 · management and general $35,694

  • 23 · Insurance

    total $25,284 · management and general $25,284

  • 24a · Other expenses: SUBAWARDS

    total $4,036,908 · program services $4,036,908

  • 24b · Other expenses: LAB SUPPLIES

    total $167,023 · program services $166,666 · management and general $357

  • 24c · Other expenses: SUBJECT REIMBURSEMENTS

    total $49,293 · program services $49,293

  • 24d · Other expenses: PERSONNEL AGREEMENT REI

    total $34,109 · program services $34,109

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,647,660 · end of year $7,213,579

  • 2 · Savings and temporary cash investments

    beginning of year $1,938,067 · end of year $1,301,261

  • 4 · Accounts receivable

    beginning of year $2,459,796 · end of year $1,778,264

  • 9 · Prepaid expenses and deferred charges

    beginning of year $149,229 · end of year $159,788

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

    $113,232

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

    $43,526

  • 10c · Land, buildings and equipment, net

    beginning of year $105,401 · end of year $69,706

  • 11 · Investments: publicly traded securities

    beginning of year $21,844,333 · end of year $18,691,292

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,686,335 · end of year $2,518,618

  • 19 · Deferred revenue

    beginning of year $20,892,230 · end of year $21,167,242

  • 25 · Other liabilities

    beginning of year $277,916 · end of year $111,166

  • 27 · Net assets without donor restrictions

    beginning of year $5,270,005 · end of year $5,403,692

  • 28 · Net assets with donor restrictions

    beginning of year $18,000 · end of year $13,172

Mission and programs · 2024

Mission

TO SERVE VETERANS BY ADVANCING QUALITY HEALTHCARE THROUGH INQUIRY, INNOVATION, AND CONTINUOUS ACHIEVEMENT IN RESEARCH AND EDUCATION AT THE VA BOSTON HEALTHCARE SYSTEM.

  • BASIC MEDICAL RESEARCH: IN 2024, BVARI ENGAGED IN 30 BASIC RESEARCH PROJECTS THAT EXPLORED VARIOUS RESEARCH AREAS, INCLUDING ONCOLOGY, ALZHEIMER'S DISEASE, SLEEP, AND VISION.

    Expenses $1,681,791 · Revenue $23,615

  • CLINICAL RESEARCH: IN 2024, BVARI ADMINISTERED 53 CLINICAL RESEARCH PROJECTS FOCUSED ON IMPROVING HEALTH AND HEALTHCARE OF VETERANS. CLINICAL RESEARCH INCLUDED CLINICAL TRIALS AND OBSERVATIONAL STUDIES OF MEDICAL DATA OR BIOMEDICAL SAMPLES.

    Expenses $8,629,743 · Revenue $1,205,894

  • EDUCATION: IN 2024, BVARI SUPPORTED 15 EDUCATIONAL EVENTS AND PROGRAMS THAT IMPROVE THE LIVES OF VETERANS AND ENHANCE THE SKILLS OF THE HEALTHCARE PROFESSIONALS AND TRAINEES WHO CARE FOR THEM. BVARI COORDINATES AND FACILITATES ATTENDANCE AT SEMINARS, LECTURES, TRAININGS, CONFERENCES, AND ONGOING EDUCATIONAL DEVELOPMENT PROGRAMS FOR VETERANS, THEIR DIRECT CARE PROVIDERS, HEALTHCARE PROFESSIONALS, AND TRAINEES.

    Expenses $252,929

  • ALL OTHER RESEARCH ACITIVITIES.

    Expenses $95,450

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

Listed in Part VII

  • Jennifer Vasterling PhD

    DIRECTOR/CHAIR

    Total calculated
    $0
    Hours/week
    4

  • Jacob Joseph MD Facc Faha

    DIRECTOR/VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Robert Forrester MBA

    DIRECTOR/TREASURER/SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Richard Seligman EdD

    DIRECTOR/COMMUNITY MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Mary Brophy MD MPH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Michael Charness MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Terence Keane PhD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Vincent Ng MBA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Aldebaran Hofer PhD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • David Topor PhD Ms-Hped

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ryan Ferguson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Marci Salow

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Patricia McNulty Ms

    CEO

    Total calculated
    $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.

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.

  • VA BOSTON HEALTHCARE SYSTEM

    VA HOSPITAL · MA

    Directly controlled by DEPARTMENT OF VETERAN AFFAIRS

Provenance

Return type
form_990
Tax year
2024
Filed
2 May 2025
IRS schema version
2024v5.1
Source object
202531269349300413

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