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Nonprofiteer
← PORTLAND VA RESEARCH FOUNDATION INC

Form 990 for tax year 2024

Filed by PORTLAND VA RESEARCH FOUNDATION INC.

Totals

Total revenue
$10,138,338
Total expenses
$10,765,610
Contributions and grants received
$6,563,708
Grants paid
$512,023
Program service revenue
$3,313,701
Investment income
$242,226
Other revenue
$18,703
Total assets, end of year
$11,639,293
Total liabilities, end of year
$856,677
Net assets or fund balances, end of year
$10,782,616
Program services expenses (Part IX)
$9,687,446
Management and general expenses
$1,078,164
Fundraising expenses
$0
Program service expenses (Part III)
$9,687,446

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.

  • 1e · Government grants (contributions)

    $4,621,425

  • 1f · All other contributions, gifts and grants

    $1,942,283

  • 2a · Program service revenue: CLINICAL RESEARCH REV.

    total $3,313,701 · related or exempt $3,313,701

  • 3 · Investment income

    total $242,226 · excluded $242,226

  • 11a · Other revenue: OTHER REVENUE

    total $18,703 · related or exempt $15,000 · excluded $3,703

  • 11e · Other revenue, total

    $18,703

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $457,023 · program services $457,023

  • 2 · Grants to domestic individuals

    total $55,000 · program services $55,000

  • 5 · Compensation of officers, directors and key employees

    total $187,931 · management and general $187,931

  • 6 · Compensation of disqualified persons

    total $303,000 · management and general $303,000

  • 7 · Other salaries and wages

    total $6,115,184 · program services $5,969,008 · management and general $146,176

  • 8 · Pension plan contributions

    total $279,933 · program services $263,120 · management and general $16,813

  • 9 · Other employee benefits

    total $638,400 · program services $587,991 · management and general $50,409

  • 10 · Payroll taxes

    total $579,078 · program services $536,773 · management and general $42,305

  • 11b · Fees: legal

    total $1,850 · program services $1,440 · management and general $410

  • 11c · Fees: accounting

    total $132,081 · management and general $132,081

  • 11f · Fees: investment management

    total $23,062 · management and general $23,062

  • 11g · Fees: other

    total $1,268,863 · program services $1,132,577 · management and general $136,286

  • 13 · Office expenses

    total $32,145 · program services $29,066 · management and general $3,079

  • 17 · Travel

    total $122,961 · program services $114,912 · management and general $8,049

  • 19 · Conferences, conventions and meetings

    total $45,006 · program services $43,821 · management and general $1,185

  • 22 · Depreciation, depletion and amortization

    total $30,327 · program services $30,327

  • 23 · Insurance

    total $17,534 · management and general $17,534

  • 24a · Other expenses: LABORATORY SUPPLIES

    total $271,689 · program services $271,689

  • 24b · Other expenses: OTHER EXPENSES

    total $139,205 · program services $134,892 · management and general $4,313

  • 24c · Other expenses: SMALL RESEARCH EQUIP.

    total $65,338 · program services $59,807 · management and general $5,531

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $398,802 · end of year $214,729

  • 2 · Savings and temporary cash investments

    beginning of year $1,524,204 · end of year $1,195,415

  • 3 · Pledges and grants receivable

    beginning of year $2,152,094 · end of year $3,547,556

  • 9 · Prepaid expenses and deferred charges

    beginning of year $80,611 · end of year $182,471

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

    $948,122

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

    $843,704

  • 10c · Land, buildings and equipment, net

    beginning of year $55,981 · end of year $104,418

  • 11 · Investments: publicly traded securities

    beginning of year $3,997,230 · end of year $2,475,342

  • 12 · Investments: other securities

    beginning of year $4,026,047 · end of year $3,919,362

  • 17 · Accounts payable and accrued expenses

    beginning of year $631,839 · end of year $833,009

  • 19 · Deferred revenue

    beginning of year $66,716 · end of year $23,668

  • 27 · Net assets without donor restrictions

    beginning of year $9,261,662 · end of year $9,333,280

  • 28 · Net assets with donor restrictions

    beginning of year $2,274,752 · end of year $1,449,336

Mission and programs · 2024

Mission

THE FOUNDATION'S MISSION IS TO FACILITATE AND ENHANCE THE RESEARCH AND EDUCATION PROGRAMS CONDUCTED AT THE VA PORTLAND HEALTH CARE SYSTEM. THE FOUNDATION STRIVES TO PROVIDE OUTSTANDING SUPPORT TO SCIENTISTS AND STAFF IN THEIR RESEARCH, EDUCATION, AND TRAINING ENDEAVORS FOSTERING PROGRESS IN BIOMEDICAL AND CLINICAL RESEARCH.

Activities or mission (Part I)

SUPPORT MEDICAL RESEARCH AND EDUCATION.

  • RESEARCH - RESEARCH PROJECTS INCLUDING CLINICAL STUDIES THAT FOCUS ON THE TREATMENT OF MEDICAL CONDITIONS PREVALENT IN THE VETERAN POPULATION. VETERANS BENEFIT FROM ACCESS TO CUTTING EDGE PHARMACEUTICALS AND MEDICAL CARE DEVICES, AS WELL AS THE ACTUAL "HANDS ON" CARE PROVIDED AND, INDIRECTLY, FROM THE INTERACTION BETWEEN FOUNDATION STAFF AND PATIENTS.

    Expenses $8,544,511 · Grants $69,802 · Revenue $3,328,701

  • RESEARCH AND EDUCATION PROGRAM SUPPORT - THE FOUNDATION PROVIDES SUPPORT IN MANY OTHER WAYS, INCLUDING COVERING THE COST OF TRAINING RESEARCH PERSONNEL, UNDERWRITING BRIDGE FUNDING FOR VA INVESTIGATORS WHO ARE BETWEEN RESEARCH GRANT AWARDS, SUPPORTING TRAVEL AND REGISTRATION FEES FOR VA INVESTIGATORS TO ATTEND SCIENTIFIC CONFERENCES, AND THE PROCUREMENT OF PERSONNEL, EQUIPMENT AND SUPPLIES FOR RESEARCH FACILITIES.

    Expenses $1,104,657 · Grants $442,221

  • EDUCATION - THE FOUNDATION SUPPORTS WORK-RELATED INSTRUCTION AND LEARNING EXPERIENCES FOR VETERANS, INCLUDING IMPROVING THE PERFORMANCE OF DUTIES, GAINING SPECIALIZED PROFICIENCIES, AND EXPANDING THE UNDERSTANDING OF CHANGES IN PATIENT CARE. THE EDUCATION AND TRAINING PROGRAMS, ALSO INCLUDE INSTRUCTION AND LEARNING RELATED TO IMPROVING AND MAINTAINING HEALTH.

    Expenses $38,278

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

Listed in Part VII

  • MOLLY OSBORNE MD PHD

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • CHERYL L MORGAN CPA

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    1

  • DAVID COHEN MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MARY HEINRICHER PHD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DAVID HOLT MBA FACHE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SAHANA MISRA MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KIM NEVE PHD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MERRITT RAITT MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KERRY N RHYNE MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KATHRYN SCHUFF MD MCR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • STEPHEN SMITH MD MBBS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JAQULENE ROWLAND MBA

    EXECUTIVE DIRECTOR

    Total calculated
    $157,866
    From this org
    $127,772
    From related orgs
    $0
    Other
    $30,094
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $122,772
    Bonus
    $5,000
    Other
    $0
    Deferred
    $4,318
    Nontaxable benefits
    $25,776
    Filer's total
    $157,866

  • NICOLE MATHES

    FRACTIONAL CFO

    Total calculated
    $0
    Hours/week
    24

  • EDWIN REID PHD

    INFORMATICS RESEARCH ASSOC

    Total calculated
    $149,556
    From this org
    $141,093
    From related orgs
    $0
    Other
    $8,463
    Hours/week
    40

  • ROLF WINTER PHD

    RESEARCH CHEMIST

    Total calculated
    $152,716
    From this org
    $138,331
    From related orgs
    $0
    Other
    $14,385
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $138,331
    Bonus
    $0
    Other
    $0
    Deferred
    $5,590
    Nontaxable benefits
    $8,795
    Filer's total
    $152,716

  • SOVITJ POU

    RESEARCH CHEMIST

    Total calculated
    $157,546
    From this org
    $135,643
    From related orgs
    $0
    Other
    $21,903
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $135,643
    Bonus
    $0
    Other
    $0
    Deferred
    $5,590
    Nontaxable benefits
    $16,313
    Filer's total
    $157,546

  • JESSICA LOCKE

    SR CLINICAL RESEARCH ASS.

    Total calculated
    $152,795
    From this org
    $133,031
    From related orgs
    $0
    Other
    $19,764
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $133,031
    Bonus
    $0
    Other
    $0
    Deferred
    $4,178
    Nontaxable benefits
    $15,586
    Filer's total
    $152,795

  • CATHY GORDON

    STAKEHOLDER ENG. SPECIALIST

    Total calculated
    $146,429
    From this org
    $126,178
    From related orgs
    $0
    Other
    $20,251
    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

  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 7
A DISCRETIONAY BONUS WAS AWARDED TO THE EXECUTIVE DIRECTOR BY THE BOARD OF DIRECTORS.

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
11 August 2025
IRS schema version
2024v5.2
Source object
202542239349302259

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