Civic Intelligence

Veterans Research and Education Fou Ndation

990 • Fiscal year 2019 • EIN 73-1363705

Oct 01, 2018 to Sep 30, 2019 • Filed on May 05, 2020

921 NE 13th Street Vref-151Oklahoma City, OK 73104

(405) 456-5170

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

77th percentile

0.08x

Higher debt load relative to assets than 77% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

82nd percentile

0.09x

Higher debt load relative to revenue than 82% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Net Margin

29th percentile

-6.0%

Higher net margin than 29% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

100th percentile

$321,386

Higher top officer pay than 100% of similar nonprofits.

Top officer pay equals 83.7% of source-year revenue.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

64th percentile

12%

Faster asset growth than 64% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

77th percentile

26%

Faster revenue growth than 77% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Assets

Up

$426,323

Up $46,146 (+12%) from 2018

Net Assets

Up

$392,636

Up $12,459 (+3.3%) from 2018

Liabilities

Up

$33,687

Up $33,687 from 2018

Revenue

Up

$384,202

Up $80,187 (+26%) from 2018

Expenses

Down

$407,420

Down $24,939 (-5.8%) from 2018

Net Income

Up

-$23,218

Up $105,126 (+82%) from 2018

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.0M$500K$0Assets 2011: $818,155Liabilities 2011: $335,026Net Assets 2011: $483,1292011Assets 2012: $881,589Liabilities 2012: $288,142Net Assets 2012: $593,4472012Assets 2013: $850,578Liabilities 2013: $268,417Net Assets 2013: $582,1612013Assets 2014: $689,342Liabilities 2014: $93,168Net Assets 2014: $596,1742014Assets 2015: $588,383Liabilities 2015: $0Net Assets 2015: $588,3832015Assets 2016: $553,258Liabilities 2016: $9,738Net Assets 2016: $543,5202016Assets 2017: $508,521Liabilities 2017: $0Net Assets 2017: $508,5212017Assets 2018: $380,177Liabilities 2018: $0Net Assets 2018: $380,1772018Assets 2019: $426,323Liabilities 2019: $33,687Net Assets 2019: $392,6362019Assets 2020: $413,503Liabilities 2020: $51,376Net Assets 2020: $362,1272020Assets 2021: $321,663Liabilities 2021: $98,739Net Assets 2021: $222,9242021Assets 2022: $283,951Liabilities 2022: $19,605Net Assets 2022: $264,3462022Assets 2023: $328,257Liabilities 2023: $14,115Net Assets 2023: $314,1422023Assets 2024: $218,370Liabilities 2024: $21,777Net Assets 2024: $196,5932024

Highlighted filing

2019

Assets$426,323
Liabilities$33,687
Net Assets$392,636

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.0M$500K$0-$500KRevenue 2011: $660,992Expenses 2011: $627,778Net Income 2011: $33,2142011Revenue 2012: $669,526Expenses 2012: $592,329Net Income 2012: $77,1972012Revenue 2013: $500,210Expenses 2013: $511,498Net Income 2013: -$11,2882013Revenue 2014: $539,515Expenses 2014: $525,500Net Income 2014: $14,0152014Revenue 2015: $453,009Expenses 2015: $460,805Net Income 2015: -$7,7962015Revenue 2016: $520,027Expenses 2016: $564,890Net Income 2016: -$44,8632016Revenue 2017: $377,194Expenses 2017: $412,193Net Income 2017: -$34,9992017Revenue 2018: $304,015Expenses 2018: $432,359Net Income 2018: -$128,3442018Revenue 2019: $384,202Expenses 2019: $407,420Net Income 2019: -$23,2182019Revenue 2020: $305,232Expenses 2020: $335,741Net Income 2020: -$30,5092020Revenue 2021: $292,026Expenses 2021: $431,229Net Income 2021: -$139,2032021Revenue 2022: $328,549Expenses 2022: $360,719Net Income 2022: -$32,1702022Revenue 2023: $437,369Expenses 2023: $387,573Net Income 2023: $49,7962023Revenue 2024: $493,862Expenses 2024: $611,411Net Income 2024: -$117,5492024

Highlighted filing

2019

Revenue$384,202
Expenses$407,420
Net Income-$23,218
Jump To
Filing Snapshot
Filing Period
Oct 1, 2018 to Sep 30, 2019
Signed
May 5, 2020
Return Version
2018v3.2
Gross Receipts
$392,221
Mission and Program Overview

Mission

Veterans research & education foundation's mission is to further medical science by promoting research and educational activities at okcvahcs.

Facilitate and fund medical research.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$5,865$227,423▲ $221,558
Savings and Temporary Cash Investments$366,293$125,700▼ $240,593
Accounts Receivable-$69,003-
Land, Buildings, and Equipment, Net$8,019--
Prepaid Expenses and Deferred Charges-$4,197-
Total Assets$380,177$426,323▲ $46,146
Liabilities
Accounts Payable and Accrued Expenses-$33,687-
Total Liabilities$0$33,687▲ $33,687
Net Assets / Fund Balance
Unrestricted Net Assets$380,177$392,636▲ $12,459
Total Net Assets Fund Balance$380,177$392,636▲ $12,459
Total Liabilities and Net Assets / Fund Balance$380,177$426,323▲ $46,146
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
William Lovallo PhdBoard Member--$137,583$137,583
Teresa Zumwalt SealExecutive DiPT$29,866-$29,866

Board Members and Trustees

NameTitle
Kristoper Wade VlosichChairman
Amy MillionBoard Member
Dejean Dace MdBoard Member
Eliot Schechter MdBoard Member
Hal Scofield MdBoard Member
Michael Detamore PhdBoard Member
Steven LarkBoard Member
Susan Bray-hall Md FacpBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$1,770
Program Service Revenue
$384,010
Investment Income
$-1,578
Other Revenue
$0
All Other Contributions
$1,770
Change in Net Assets
$-23,218

Audited Revenue Reconciliation

Revenue per Audited Statements
$384,202
Total Revenue per Audited Statements
$384,202
Total Revenue per Form 990
$384,202
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$250,776
Other Expenses$156,644
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$198,250--$198,250
Current Officers, Directors, Trustees, and Key Employees-$29,866-$29,866
Payroll Taxes$15,375$2,285-$17,660
Fees for Services Other-$5,889-$5,889
Insurance-$5,873-$5,873
Travel$2,399$3,125-$5,524
Other Employee Benefits$5,000--$5,000
Information Technology-$2,250-$2,250
Office Expenses$1,217$1,026-$2,243
Other Expenses$130,967$1,409-$1,409
Advertising-$324-$324
Total Functional Expenses$353,208$54,212$0$407,420

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$407,420
Total Expenses per Audited Statements$407,420
Total Expenses per Form 990$407,420
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

Veterans research & education foundation's board of directors reviews the 990 at the april/may quarterly board meeting. Upon review of the 990, the board members make a motion to accept the 990, a second is made, and board members vote to accept.

Form 990, Page 6, Part VI, Line 19

No documents available to the public

Form 990, Part VIII

Veterans research and educational foundation could not obtain compensation from the related organization, oklahoma city va health care system, for the chairman of the board. Multiple attempts were made, but due to the corona virus outbreak, the hospital did not respond.

Filing and Contact Details

Filer

Filer Name
Veterans Research & Education
EIN
73-1363705
Phone
4054565170
Address
921 NE 13TH STREET VREF-151, OKLAHOMA CITY, OK 73104

Signing Officer

Name
Teresa Zumwalt Seal
Title
Executive Director
Phone
4054565170
Signed
2020-05-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kristoper Wade Vlosich
Formed
1989
Legal Domicile
Ok
Voting Board Members
9
Independent Board Members
3
Employees
8

Preparer

Firm
Gunnchamberlain Pl
Address
4350 PABLO PROFESSIONAL CT STE 200, JACKSONVILLE, FL 32224-3224
Preparer
Kenneth R Krey CPA
Phone
9042962024
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0VETERANS RESEARCH & EDUCATION FOUNDATION'S BOARD OF DIRECTORS REVIEWS THE 990 AT THE APRIL/MAY QUARTERLY BOARD MEETING. UPON REVIEW OF THE 990, THE BOARD MEMBERS MAKE A MOTION TO ACCEPT THE 990, A SECOND IS MADE, AND BOARD MEMBERS VOTE TO ACCEPT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2VETERANS RESEARCH AND EDUCATIONAL FOUNDATION COULD NOT OBTAIN COMPENSATION FROM THE RELATED ORGANIZATION, OKLAHOMA CITY VA HEALTH CARE SYSTEM, FOR THE CHAIRMAN OF THE BOARD. MULTIPLE ATTEMPTS WERE MADE, BUT DUE TO THE CORONA VIRUS OUTBREAK, THE HOSPITAL DID NOT RESPOND.
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IRS990ScheduleR/SupplementalInformationDetail/ExplanationTxt0THE OKLAHOMA CITY VA HEALTH CARE SYSTEMS HAS NOT RESPONDED TO THE REQUEST FOR THEIR FEDERAL IDENTIFICATION NUMBER. VETERANS RESEARCH & EDUCATION FOUNDATION REQUESTED THIS INFORMATION SEVERAL TIMES. THE VA HOSPITAL IS DEALING WITH THE CORONA VIRUS OUTBREAK.
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.18$0.22$1.97$4.94$6.11$1.18
2023Detailed filing. Detailed filing data is available for this year.$3.28$0.14$3.14$4.37$3.88$0.50
2022Detailed filing. Detailed filing data is available for this year.$2.84$0.20$2.64$3.29$3.61$0.32
2021Detailed filing. Detailed filing data is available for this year.$3.22$0.99$2.23$2.92$4.31$1.39
2020Detailed filing. Detailed filing data is available for this year.$4.14$0.51$3.62$3.05$3.36$0.31
2019Detailed filing. Detailed filing data is available for this year.$4.26$0.34$3.93$3.84$4.07$0.23
2018Detailed filing. Detailed filing data is available for this year.$3.80$0.00$3.80$3.04$4.32$1.28
2017Detailed filing. Detailed filing data is available for this year.$5.09$0.00$5.09$3.77$4.12$0.35
2016Summary only. Only limited summary data is available for this year.$5.53$0.10$5.44$5.20$5.65$0.45
2015Summary only. Only limited summary data is available for this year.$5.88$0.00$5.88$4.53$4.61$0.08
2014Summary only. Only limited summary data is available for this year.$6.89$0.93$5.96$5.40$5.26$0.14
2013Summary only. Only limited summary data is available for this year.$8.51$2.68$5.82$5.00$5.11$0.11
2012Summary only. Only limited summary data is available for this year.$8.82$2.88$5.93$6.70$5.92$0.77
2011Summary only. Only limited summary data is available for this year.$8.18$3.35$4.83$6.61$6.28$0.33
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2019 filings • 501(c)3 • <$500k nonprofits