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Nonprofiteer
← BOSTON VA RESEARCH INSTITUTE INC

Form 990 for tax year 2024

Filed by BOSTON VA RESEARCH INSTITUTE INC.

What the amendment changed

Compared with the return it replaced , filed 2 May 2025. matched by us Only the return's totals, a 990-PF's accounting method and the names listed in Part VII (Part VIII on a 990-PF) 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
$15,893,775
Total expenses
$14,923,968
Contributions and grants received
$12,670,428
Grants paid
$0
Program service revenue
$2,345,388
Investment income
$877,959
Other revenue
$0
Total assets, end of year
$25,744,224
Total liabilities, end of year
$19,358,737
Net assets or fund balances, end of year
$6,385,487
Program services expenses (Part IX)
$12,290,020
Management and general expenses
$2,633,948
Fundraising expenses
$0
Program service expenses (Part III)
$12,290,020

Program services were 82.4% 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.

  • 1e · Government grants (contributions)

    $12,112,465

  • 1f · All other contributions, gifts and grants

    $557,963

  • 2a · Program service revenue: CRADA

    total $2,345,388 · related or exempt $2,345,388

  • 3 · Investment income

    total $651,474 · excluded $651,474

  • 7a · Gross sales of assets other than inventory

    securities $17,713,861

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

    securities $17,487,376

  • 7c · Gain or loss

    securities $226,485

  • 7d · Net gain or loss

    total $226,485 · excluded $226,485

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $436,326 · management and general $436,326

  • 7 · Other salaries and wages

    total $5,063,162 · program services $4,054,148 · management and general $1,009,014

  • 8 · Pension plan contributions

    total $152,150 · program services $109,321 · management and general $42,829

  • 9 · Other employee benefits

    total $1,643,139 · program services $1,111,353 · management and general $531,786

  • 10 · Payroll taxes

    total $500,818 · program services $371,702 · management and general $129,116

  • 11c · Fees: accounting

    total $68,983 · management and general $68,983

  • 11g · Fees: other

    total $552,551 · program services $398,310 · management and general $154,241

  • 13 · Office expenses

    total $54,630 · program services $30,138 · management and general $24,492

  • 14 · Information technology

    total $152,947 · program services $22,481 · management and general $130,466

  • 17 · Travel

    total $122,348 · program services $100,739 · management and general $21,609

  • 19 · Conferences, conventions and meetings

    total $35,078 · program services $27,113 · management and general $7,965

  • 21 · Payments to affiliates

    total $1,964,069 · program services $1,964,069

  • 22 · Depreciation, depletion and amortization

    total $9,605 · program services $3,440 · management and general $6,165

  • 23 · Insurance

    total $35,607 · management and general $35,607

  • 24a · Other expenses: SUBAWARDS

    total $3,209,377 · program services $3,209,377

  • 24b · Other expenses: LAB SUPPLIES

    total $471,300 · program services $471,300

  • 24c · Other expenses: PERSONNEL AGREEMENT REI

    total $290,648 · program services $290,648

  • 24d · Other expenses: SUBJECT REIMBURSEMENTS

    total $161,230 · program services $125,881 · management and general $35,349

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $7,213,579 · end of year $537,970

  • 2 · Savings and temporary cash investments

    beginning of year $1,301,261 · end of year $5,531,392

  • 4 · Accounts receivable

    beginning of year $1,778,264 · end of year $3,096,312

  • 9 · Prepaid expenses and deferred charges

    beginning of year $159,788 · end of year $198,134

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

    $113,232

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

    $53,131

  • 10c · Land, buildings and equipment, net

    beginning of year $69,706 · end of year $60,101

  • 11 · Investments: publicly traded securities

    beginning of year $18,691,292 · end of year $16,320,315

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,518,618 · end of year $1,569,691

  • 19 · Deferred revenue

    beginning of year $21,167,242 · end of year $17,789,046

  • 25 · Other liabilities

    beginning of year $111,166 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $5,403,692 · end of year $6,373,315

  • 28 · Net assets with donor restrictions

    beginning of year $13,172 · end of year $12,172

Mission and programs · 2024

Mission

TO SERVE VETERANS BY ADVANCING QUALITY HEALTHCARE THROUGH INQUIRY, INNOVATION, AND CONTINUOUS ACHIEVEMENT IN RESEARCH AND EDUCATION.

  • BASIC RESEARCH: IN 2025, BVARI FACILITATED 16 BASIC RESEARCH PROJECTS THAT EXPLORED VARIOUS AREAS OF HEALTH, INCLUDING ONCOLOGY, ALZHEIMER'S DISEASE, SLEEP, AND VISION.

    Expenses $2,370,101

  • CLINICAL RESEARCH: IN 2025, BVARI ADMINISTERED 71 CLINICAL RESEARCH PROJECTS FOCUSED ON IMPROVING THE HEALTH AND HEALTHCARE OF VETERANS, INCLUDING 20 DATA SCIENCE AND EPIDEMIOLOGIC STUDIES.

    Expenses $9,569,936 · Revenue $208,046

  • EDUCATION: IN 2025, BVARI SUPPORTED 11 EDUCATIONAL EVENTS AND PROGRAMS THAT ENHANCED THE SKILLS OF HEALTHCARE PROFESSIONALS AND TRAINEES WHO CARE FOR VETERANS, INCLUDING COORDINATING AND FACILITATING ATTENDANCE AT LECTURES, TRAININGS, AND CONFERENCES.

    Expenses $152,839 · Revenue $2,137,342

  • ALL OTHER RESEARCH ACTIVITIES.

    Expenses $197,144

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

Listed in Part VII

  • Jacob Joseph MD Facc Faha

    DIRECTOR/CHAIR

    Total calculated
    $0
    Hours/week
    4

  • Jennifer Vasterling PhD

    DIRECTOR/CHAIR (UNTIL 12/2024)

    Total calculated
    $0
    Hours/week
    4

  • Robert Forrester MBA

    DIRECTOR/TREASURER/SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Aldebaran Hofer PhD

    DIRECTOR/VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Michael Charness MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ryan Ferguson MPH Dsc

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Tundra Gatewood PhD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jaimie Gradus Dmsc Dsc MPH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Terence M Keane PhD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Leslie Pierson Ms Mt

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Marci Salow Pharmd Bcgp

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Richard Seligman EdD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • David Topor PhD Ms-Hped

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Vincent Ng MBA

    DIRECTOR (UNTIL 05/2025)

    Total calculated
    $0
    Hours/week
    1

  • Mary Brophy MD MPH

    DIRECTOR (UNTIL 12/2024)

    Total calculated
    $0
    Hours/week
    1

  • Patricia McNulty Ms

    CEO

    Total calculated
    $246,986
    From this org
    $236,495
    From related orgs
    $0
    Other
    $10,491
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $225,962
    Bonus
    $10,533
    Other
    $0
    Deferred
    $10,491
    Nontaxable benefits
    $0
    Filer's total
    $246,986

  • Marian O'Neil

    CFO

    Total calculated
    $178,963
    From this org
    $165,563
    From related orgs
    $0
    Other
    $13,400
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $158,063
    Bonus
    $7,500
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $13,400
    Filer's total
    $178,963

  • Sherilyn Sawyer

    SR DIRECTOR OF PRECISION MEDICINE

    Total calculated
    $257,899
    From this org
    $214,313
    From related orgs
    $0
    Other
    $43,586
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $214,313
    Bonus
    $0
    Other
    $0
    Deferred
    $10,317
    Nontaxable benefits
    $33,269
    Filer's total
    $257,899

  • Jessica Loren Mulligan

    DIRECTOR OF HR & OPERATIONS

    Total calculated
    $223,380
    From this org
    $180,407
    From related orgs
    $0
    Other
    $42,973
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $172,739
    Bonus
    $7,668
    Other
    $0
    Deferred
    $7,623
    Nontaxable benefits
    $35,350
    Filer's total
    $223,380

  • Dmitry Gerashchenko

    RESEARCH SCIENTIST

    Total calculated
    $168,353
    From this org
    $168,353
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $168,353
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $168,353

  • Margaret Niznikiewicz

    SENIOR RESEARCH SCIENTIST

    Total calculated
    $198,213
    From this org
    $157,357
    From related orgs
    $0
    Other
    $40,856
    Hours/week
    30

    Schedule J breakdown matched by us

    Base
    $157,357
    Bonus
    $0
    Other
    $0
    Deferred
    $7,587
    Nontaxable benefits
    $33,269
    Filer's total
    $198,213

  • Kristen Harding

    DIRECTOR OF RESEARCH ADMINISTRATION

    Total calculated
    $195,988
    From this org
    $155,488
    From related orgs
    $0
    Other
    $40,500
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $152,579
    Bonus
    $2,909
    Other
    $0
    Deferred
    $7,231
    Nontaxable benefits
    $33,269
    Filer's total
    $195,988

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

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.

  • VA BOSTON HEALTHCARE SYSTEM

    VA HOSPITAL · MA

    Directly controlled by DEPARTMENT OF VETERAN AFFAIRS

Provenance

Return type
form_990
Tax year
2024
Filed
26 May 2026
IRS schema version
2024v5.5
Source object
202601499349300420

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