Civic Intelligence

Central Texas Veterans Research Foundation

990 • Fiscal year 2023 • EIN 74-2623309

Sep 01, 2022 to Aug 31, 2023 • Filed on Feb 04, 2024

1901 South 1st StTemple, TX 76504

(254) 743-2295

Siviq Scores

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

Liabilities / Assets

44th percentile

0.04x

Higher debt load relative to assets than 44% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

41st percentile

0.05x

Higher debt load relative to revenue than 41% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

15th percentile

-21%

Higher net margin than 15% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

10th percentile

-14%

Faster asset growth than 10% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

59th percentile

13%

Faster revenue growth than 59% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Down

$1,253,876

Down $212,580 (-14%) from 2022

Net Assets

Down

$1,200,810

Down $235,372 (-16%) from 2022

Liabilities

Up

$53,066

Up $22,792 (+75%) from 2022

Revenue

Up

$1,096,441

Up $126,955 (+13%) from 2022

Expenses

Up

$1,331,813

Up $78,675 (+6.3%) from 2022

Net Income

Up

-$235,372

Up $48,280 (+17%) from 2022

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2011: $322,333Liabilities 2011: $16,688Net Assets 2011: $305,6452011Assets 2012: $314,047Liabilities 2012: $50,420Net Assets 2012: $263,6272012Assets 2013: $289,949Liabilities 2013: $3,885Net Assets 2013: $286,0642013Assets 2014: $371,154Liabilities 2014: $4,312Net Assets 2014: $366,8422014Assets 2015: $319,093Liabilities 2015: $19,245Net Assets 2015: $299,8482015Assets 2016: $514,478Liabilities 2016: $35,315Net Assets 2016: $479,1632016Assets 2017: $859,887Liabilities 2017: $8,965Net Assets 2017: $850,9222017Assets 2018: $821,937Liabilities 2018: $26,817Net Assets 2018: $795,1202018Assets 2019: $1,302,549Liabilities 2019: $12,916Net Assets 2019: $1,289,6332019Assets 2020: $1,534,000Liabilities 2020: $26,258Net Assets 2020: $1,507,7422020Assets 2021: $1,738,899Liabilities 2021: $19,065Net Assets 2021: $1,719,8342021Assets 2022: $1,466,456Liabilities 2022: $30,274Net Assets 2022: $1,436,1822022Assets 2023: $1,253,876Liabilities 2023: $53,066Net Assets 2023: $1,200,8102023Assets 2024: $1,431,413Liabilities 2024: $61,176Net Assets 2024: $1,370,2372024

Highlighted filing

2023

Assets$1,253,876
Liabilities$53,066
Net Assets$1,200,810

Operations Trend

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

$2.0M$1.5M$1.0M$500K$0-$500KRevenue 2011: $207,714Expenses 2011: $427,554Net Income 2011: -$219,8402011Expenses 2012: $459,0622012Revenue 2013: $523,735Expenses 2013: $501,298Net Income 2013: $22,4372013Revenue 2014: $723,557Expenses 2014: $642,779Net Income 2014: $80,7782014Revenue 2015: $1,068,242Expenses 2015: $1,135,236Net Income 2015: -$66,9942015Revenue 2016: $1,068,866Expenses 2016: $889,551Net Income 2016: $179,3152016Revenue 2017: $1,270,262Expenses 2017: $898,503Net Income 2017: $371,7592017Revenue 2018: $1,010,760Expenses 2018: $1,066,562Net Income 2018: -$55,8022018Revenue 2019: $1,507,419Expenses 2019: $1,012,906Net Income 2019: $494,5132019Revenue 2020: $1,310,342Expenses 2020: $1,092,233Net Income 2020: $218,1092020Revenue 2021: $1,340,511Expenses 2021: $1,128,419Net Income 2021: $212,0922021Revenue 2022: $969,486Expenses 2022: $1,253,138Net Income 2022: -$283,6522022Revenue 2023: $1,096,441Expenses 2023: $1,331,813Net Income 2023: -$235,3722023Revenue 2024: $1,462,185Expenses 2024: $1,292,758Net Income 2024: $169,4272024

Highlighted filing

2023

Revenue$1,096,441
Expenses$1,331,813
Net Income-$235,372
Jump To
Filing Snapshot
Filing Period
Sep 1, 2022 to Aug 31, 2023
Signed
Feb 4, 2024
Return Version
2022v5.0
Gross Receipts
$1,096,441
Mission and Program Overview

Mission

Ctvrf strives to enhance the health of veterans of all generations through research and education. We provide support to the research community within central texas veterans health care system in their research, education, and training endeavors to foster programs in health services and research that benefits the nation's veterans and the general public.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$894,012$666,722▼ $227,290
Cash and Non-Interest-Bearing Accounts$294,089$296,496▲ $2,407
Land, Buildings, and Equipment, Net$188,417$168,333▼ $20,084
Accounts Receivable$89,938$122,325▲ $32,387
Total Assets$1,466,456$1,253,876▼ $212,580
Liabilities
Accounts Payable and Accrued Expenses$30,274$53,066▲ $22,792
Total Liabilities$30,274$53,066▲ $22,792
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,221,294$1,096,861▼ $124,433
Net Assets With Donor Restrictions$214,888$103,949▼ $110,939
Total Net Assets Fund Balance$1,436,182$1,200,810▼ $235,372
Total Liabilities and Net Assets / Fund Balance$1,466,456$1,253,876▼ $212,580

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$168,333$301,267$469,600
Compensation and Service Providers

Board Members and Trustees

NameTitle
Joseph Maher MdPresident
Andrew GarciaBoard Member
Colin Wilburn MdBoard Member
David Dostal MdBoard Member
Jason Huang MdBoard Member
Michael KieferBoard Member
Olawale Fashina MdBoard Member
Tami AnnableBoard Member
Cindy ZavodnySecretary/tr
Keith Young PhdVice-preside
Revenue and Support

Revenue Composition

Contributions and Grants
$1,081,359
Program Service Revenue
$0
Investment Income
$15,082
Other Revenue
$0
All Other Contributions
$61,260
Change in Net Assets
$-235,372

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,096,441
Total Revenue per Audited Statements
$1,096,441
Total Revenue per Form 990
$1,096,441
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,063,526
Other Expenses$268,287
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$675,914$167,481-$843,395
Payroll Taxes$63,015$15,578-$78,593
Current Officers, Directors, Trustees, and Key Employees$58,706$16,174-$74,880
Fees for Services Accounting-$69,431-$69,431
Other Employee Benefits$53,326$13,332-$66,658
Depreciation Depletion$20,084--$20,084
Travel$17,634--$17,634
All Other Expenses$7,703--$7,703
Other Expenses$716$4,320-$4,320
Insurance-$3,280-$3,280
Occupancy-$2,000-$2,000
Total Functional Expenses$1,036,572$295,241$0$1,331,813

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,331,813
Total Expenses per Audited Statements$1,331,813
Total Expenses per Form 990$1,331,813
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
No
Audit committee
Yes
Business relationship with 35% controlled entity
No
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

Form 990 and attached schedules were reviewed by local cpa firm, president of foundation, executive director, and treasurer. The forms were also provided to all board members for their review and comment

Form 990, Page 6, Part VI, Line 12C

All employees are required to sign a conflict of interest statement and complete a questionaire upon initial employment. Employees are required to disclose any conflict of interest if it should occur after initial employment.

Form 990, Page 6, Part VI, Line 19

The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon written request of the executive director submitted to the main address.

Filing and Contact Details

Filer

Filer Name
Central Texas Veterans Research
EIN
74-2623309
Phone
2547432295
Address
1901 SOUTH 1ST ST, TEMPLE, TX 76504
Doing Business As
Ctvrf

Signing Officer

Name
Mark Heitman
Title
Executive Director
Phone
2547432295
Signed
2024-02-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mark Heitman
Formed
1991
Legal Domicile
TX
Voting Board Members
9
Independent Board Members
9
Employees
17

Preparer

Firm
Ludwick Montgomery & Stapp Pc
Address
1949 SCOTT BLVD, TEMPLE, TX 76504
Preparer
Blake P Stapp
Phone
2547710061
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Ctvrf strives to enhance the health of veterans of all generations through research and education. We provide support to the research community within central texas veterans health care system in their research, education, and training endeavors to foster programs in health services and research that benefits the nation's veterans and the general public.

Form 990, Page 2, Part III, Line 4A

The primary tax exempt purpose of the central texas veterans research foundation, a 501(c)(3) medical research foundation established in accordan ce with title 38, subchapter iv - research and education corporations, section 7361-7368, is to support biomedical and clinical research as well as health related education activities in conjunction with the central texas veterans health care system (ctvhcs). Research sponsored by ctvrf benefits veterans treated at ctvhcs and the general public by advancing knowledge in the diagnosis and treatment of disease and disability. During the past year, ctvrf supported research in the following areas: lung and prostate cancer, multiple myeloma, post-traumatic stress disorder (ptsd), liver diseases, infection control, and infectious disease. The research resulted in numerous peer-reviewed publications and national presentations.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0CTVRF STRIVES TO ENHANCE THE HEALTH OF VETERANS OF ALL GENERATIONS THROUGH RESEARCH AND EDUCATION. WE PROVIDE SUPPORT TO THE RESEARCH COMMUNITY WITHIN CENTRAL TEXAS VETERANS HEALTH CARE SYSTEM IN THEIR RESEARCH, EDUCATION, AND TRAINING ENDEAVORS TO FOSTER PROGRAMS IN HEALTH SERVICES AND RESEARCH THAT BENEFITS THE NATION'S VETERANS AND THE GENERAL PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE PRIMARY TAX EXEMPT PURPOSE OF THE CENTRAL TEXAS VETERANS RESEARCH FOUNDATION, A 501(C)(3) MEDICAL RESEARCH FOUNDATION ESTABLISHED IN ACCORDAN CE WITH TITLE 38, SUBCHAPTER IV - RESEARCH AND EDUCATION CORPORATIONS, SECTION 7361-7368, IS TO SUPPORT BIOMEDICAL AND CLINICAL RESEARCH AS WELL AS HEALTH RELATED EDUCATION ACTIVITIES IN CONJUNCTION WITH THE CENTRAL TEXAS VETERANS HEALTH CARE SYSTEM (CTVHCS). RESEARCH SPONSORED BY CTVRF BENEFITS VETERANS TREATED AT CTVHCS AND THE GENERAL PUBLIC BY ADVANCING KNOWLEDGE IN THE DIAGNOSIS AND TREATMENT OF DISEASE AND DISABILITY. DURING THE PAST YEAR, CTVRF SUPPORTED RESEARCH IN THE FOLLOWING AREAS: LUNG AND PROSTATE CANCER, MULTIPLE MYELOMA, POST-TRAUMATIC STRESS DISORDER (PTSD), LIVER DISEASES, INFECTION CONTROL, AND INFECTIOUS DISEASE. THE RESEARCH RESULTED IN NUMEROUS PEER-REVIEWED PUBLICATIONS AND NATIONAL PRESENTATIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FORM 990 AND ATTACHED SCHEDULES WERE REVIEWED BY LOCAL CPA FIRM, PRESIDENT OF FOUNDATION, EXECUTIVE DIRECTOR, AND TREASURER. THE FORMS WERE ALSO PROVIDED TO ALL BOARD MEMBERS FOR THEIR REVIEW AND COMMENT
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ALL EMPLOYEES ARE REQUIRED TO SIGN A CONFLICT OF INTEREST STATEMENT AND COMPLETE A QUESTIONAIRE UPON INITIAL EMPLOYMENT. EMPLOYEES ARE REQUIRED TO DISCLOSE ANY CONFLICT OF INTEREST IF IT SHOULD OCCUR AFTER INITIAL EMPLOYMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST OF THE EXECUTIVE DIRECTOR SUBMITTED TO THE MAIN ADDRESS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
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ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0MARK HEITMAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum02547432295
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-02-04
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CENTRAL TEXAS VETERANS RESEARCH
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0CENT
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ReturnHeader/Filer/PhoneNum02547432295
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0742243906
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0LUDWICK MONTGOMERY & STAPP PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01949 SCOTT BLVD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0TEMPLE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd076504
ReturnHeader/PreparerPersonGrp/PhoneNum02547710061
ReturnHeader/PreparerPersonGrp/PreparationDt02024-02-04
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0BLAKE P STAPP
ReturnHeader/ReturnTs02024-02-08T17:39:59-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0MARK
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0HEITMAN
ReturnHeader/TaxPeriodBeginDt02022-09-01
ReturnHeader/TaxPeriodEndDt02023-08-31
ReturnHeader/TaxYr02022

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.43$0.06$1.37$1.46$1.29$0.17
2023Detailed filing. Detailed filing data is available for this year.$1.25$0.05$1.20$1.10$1.33$0.24
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.47$0.03$1.44$0.97$1.25$0.28
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.74$0.02$1.72$1.34$1.13$0.21
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.53$0.03$1.51$1.31$1.09$0.22
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.30$0.01$1.29$1.51$1.01$0.49
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.82$0.03$0.80$1.01$1.07$0.06
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.86$0.01$0.85$1.27$0.90$0.37
2016Detailed filing. Detailed filing data is available for this year.$0.51$0.04$0.48$1.07$0.89$0.18
2015Detailed filing. Detailed filing data is available for this year.$0.32$0.02$0.30$1.07$1.14$0.07
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.37$0.00$0.37$0.72$0.64$0.08
2013Summary only. Only limited summary data is available for this year.$0.29$0.00$0.29$0.52$0.50$0.02
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.31$0.05$0.26$0.46
2011Summary only. Only limited summary data is available for this year.$0.32$0.02$0.31$0.21$0.43$0.22