Civic Intelligence

Portland VA Research Foundation

EIN 94-3090170 • 501(c)3 • Portland, OR

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Profile

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.

PO Box 19832Portland, OR 97280

www.pvarf.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

35th percentile

0.07x

Higher debt load relative to assets than 35% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

28th percentile

0.08x

Higher debt load relative to revenue than 28% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

22nd percentile

-6.2%

Higher net margin than 22% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

40th percentile

$157,866

Higher top officer pay than 40% of similar nonprofits.

Top officer pay equals 1.6% of source-year revenue.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Asset Growth

18th percentile

-4.9%

Faster asset growth than 18% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

43rd percentile

4.2%

Faster revenue growth than 43% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets35th percentile

Assets

Down

$11,639,293

Down $595,676 (-4.9%) from 2023

Liabilities

Up

$856,677

Up $158,122 (+23%) from 2023

Net Assets

Down

$10,782,616

Down $753,798 (-6.5%) from 2023

Operations
Liabilities / Revenue28th percentileNet Margin22nd percentile

Revenue

Up

$10,138,338

Up $411,781 (+4.2%) from 2023

Expenses

Up

$10,765,610

Up $778,903 (+7.8%) from 2023

Net Income

Down

-$627,272

Down $367,122 (-141%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth18th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$15M$10M$5.0M$0Assets 2011: $9,708,753Liabilities 2011: $443,745Net Assets 2011: $9,265,0082011Assets 2012: $9,091,751Liabilities 2012: $635,407Net Assets 2012: $8,456,3442012Assets 2013: $9,439,702Liabilities 2013: $607,809Net Assets 2013: $8,831,8932013Assets 2014: $10,155,534Liabilities 2014: $1,239,799Net Assets 2014: $8,915,7352014Assets 2015: $10,128,334Liabilities 2015: $856,607Net Assets 2015: $9,271,7272015Assets 2016: $11,173,645Liabilities 2016: $779,542Net Assets 2016: $10,394,1032016Assets 2017: $11,239,556Liabilities 2017: $746,540Net Assets 2017: $10,493,0162017Assets 2018: $11,742,127Liabilities 2018: $578,308Net Assets 2018: $11,163,8192018Assets 2019: $12,309,200Liabilities 2019: $583,844Net Assets 2019: $11,725,3562019Assets 2020: $12,588,210Liabilities 2020: $651,507Net Assets 2020: $11,936,7032020Assets 2021: $12,517,323Liabilities 2021: $648,360Net Assets 2021: $11,868,9632021Assets 2022: $12,433,736Liabilities 2022: $800,757Net Assets 2022: $11,632,9792022Assets 2023: $12,234,969Liabilities 2023: $698,555Net Assets 2023: $11,536,4142023Assets 2024: $11,639,293Liabilities 2024: $856,677Net Assets 2024: $10,782,6162024

Highlighted filing

2024

Assets$11,639,293
Liabilities$856,677
Net Assets$10,782,616
Open 2024 Filing

Operations Trend

Revenue Growth43rd percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$15M$10M$5.0M$0-$5.0MRevenue 2011: $3,162,000Expenses 2011: $3,801,859Net Income 2011: -$639,8592011Revenue 2012: $3,416,257Expenses 2012: $4,195,533Net Income 2012: -$779,2762012Revenue 2013: $6,559,251Expenses 2013: $5,799,075Net Income 2013: $760,1762013Revenue 2014: $7,255,433Expenses 2014: $7,296,957Net Income 2014: -$41,5242014Revenue 2015: $7,520,335Expenses 2015: $7,115,069Net Income 2015: $405,2662015Revenue 2016: $7,802,629Expenses 2016: $6,587,771Net Income 2016: $1,214,8582016Revenue 2017: $7,554,592Expenses 2017: $7,349,784Net Income 2017: $204,8082017Revenue 2018: $7,851,097Expenses 2018: $6,961,550Net Income 2018: $889,5472018Revenue 2019: $8,431,176Expenses 2019: $8,018,357Net Income 2019: $412,8192019Revenue 2020: $7,043,320Expenses 2020: $7,031,183Net Income 2020: $12,1372020Revenue 2021: $7,209,614Expenses 2021: $6,981,065Net Income 2021: $228,5492021Revenue 2022: $8,306,544Expenses 2022: $7,316,780Net Income 2022: $989,7642022Revenue 2023: $9,726,557Expenses 2023: $9,986,707Net Income 2023: -$260,1502023Revenue 2024: $10,138,338Expenses 2024: $10,765,610Net Income 2024: -$627,2722024

Highlighted filing

2024

Revenue$10,138,338
Expenses$10,765,610
Net Income-$627,272
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$11,639,293
Liabilities
$856,677
Net assets
$10,782,616
Revenue
$10,138,338
Expenses
$10,765,610
Net income
-$627,272
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$11.6$0.86$10.8$10.1$10.8$0.63
2023Detailed filing. Detailed filing data is available for this year.$12.2$0.70$11.5$9.73$9.99$0.26
2022Detailed filing. Detailed filing data is available for this year.$12.4$0.80$11.6$8.31$7.32$0.99
2021Detailed filing. Detailed filing data is available for this year.$12.5$0.65$11.9$7.21$6.98$0.23
2020Detailed filing. Detailed filing data is available for this year.$12.6$0.65$11.9$7.04$7.03$0.01
2019Summary only. Only limited summary data is available for this year.$12.3$0.58$11.7$8.43$8.02$0.41
2018Summary only. Only limited summary data is available for this year.$11.7$0.58$11.2$7.85$6.96$0.89
2017Summary only. Only limited summary data is available for this year.$11.2$0.75$10.5$7.55$7.35$0.20
2016Summary only. Only limited summary data is available for this year.$11.2$0.78$10.4$7.80$6.59$1.21
2015Summary only. Only limited summary data is available for this year.$10.1$0.86$9.27$7.52$7.12$0.41
2014Summary only. Only limited summary data is available for this year.$10.2$1.24$8.92$7.26$7.30$0.04
2013Summary only. Only limited summary data is available for this year.$9.44$0.61$8.83$6.56$5.80$0.76
2012Summary only. Only limited summary data is available for this year.$9.09$0.64$8.46$3.42$4.20$0.78
2011Summary only. Only limited summary data is available for this year.$9.71$0.44$9.27$3.16$3.80$0.64
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Aug 11, 2025
Return Version
2024v5.2
Gross Receipts
$10,138,338
Mission and Program Overview

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.

Support medical research and education.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$4,026,047$3,919,362▼ $106,685
Pledges and Grants Receivable$2,152,094$3,547,556▲ $1,395,462
Investments in Publicly Traded Securities$3,997,230$2,475,342▼ $1,521,888
Savings and Temporary Cash Investments$1,524,204$1,195,415▼ $328,789
Cash and Non-Interest-Bearing Accounts$398,802$214,729▼ $184,073
Prepaid Expenses and Deferred Charges$80,611$182,471▲ $101,860
Land, Buildings, and Equipment, Net$55,981$104,418▲ $48,437
Total Assets$12,234,969$11,639,293▼ $595,676
Liabilities
Accounts Payable and Accrued Expenses$631,839$833,009▲ $201,170
Deferred Revenue$66,716$23,668▼ $43,048
Total Liabilities$698,555$856,677▲ $158,122
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$9,261,662$9,333,280▲ $71,618
Net Assets With Donor Restrictions$2,274,752$1,449,336▼ $825,416
Total Net Assets Fund Balance$11,536,414$10,782,616▼ $753,798
Total Liabilities and Net Assets / Fund Balance$12,234,969$11,639,293▼ $595,676

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$104,418$843,704$948,122
Other Securities$3,919,362--
Compensation and Service Providers
Top Officer Pay40th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jaqulene Rowland MbaExecutive DirectorFT$122,772$35,094$157,866
Sovitj PouResearch ChemistFT$135,643$21,903$157,546
Jessica LockeSr Clinical Research Ass.FT$133,031$19,764$152,795
Rolf Winter PhdResearch ChemistFT$138,331$14,385$152,716
Edwin Reid PhdInformatics Research AssocFT$141,093$8,463$149,556
Cathy GordonStakeholder Eng. SpecialistFT$126,178$20,251$146,429

Board Members and Trustees

NameTitle
Molly Osborne Md PhdChair
David Cohen MdDirector
David Holt Mba FacheDirector
Kathryn Schuff Md McrDirector
Kerry N Rhyne MdDirector
Kim Neve PhdDirector
Mary Heinricher PhdDirector
Merritt Raitt MdDirector
Sahana Misra MdDirector
Stephen Smith Md MbbsDirector
Nicole MathesFractional CFO
Cheryl L Morgan CPASecretary/treasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Va Portland Health Care SystemMedical ResearchUS VETERANS HOSPITAL RD, Portland, OR 97239$960,492
Mathes Consulting Services LLCCfo Services13357 SW 161ST PLACE, Tigard, OR 97223$245,500
Sri InternationalMedical ResearchPO BOX 2767, Melno Park, CA 94024$218,394
Revenue and Support

Revenue Composition

Contributions and Grants
$6,563,708
Program Service Revenue
$3,313,701
Investment Income
$242,226
Other Revenue
$18,703
All Other Contributions
$1,942,283
Change in Net Assets
$-627,272

Audited Revenue Reconciliation

Revenue per Audited Statements
$10,115,276
Revenue Not Reported on Financial Statements
$23,062
Revenue Not Reported on Form 990
$-126,526
Total Revenue per Audited Statements
$9,988,750
Total Revenue per Form 990
$10,138,338
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$8,103,526
Other Expenses$2,150,061
Grants and Similar Amounts Paid$512,023
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$5,969,008$146,176-$6,115,184
Fees for Services Other$1,132,577$136,286-$1,268,863
Other Employee Benefits$587,991$50,409-$638,400
Payroll Taxes$536,773$42,305-$579,078
Grants to Domestic Orgs$457,023--$457,023
Comp Disqual Persons-$303,000-$303,000
Pension Plan Contributions$263,120$16,813-$279,933
Current Officers, Directors, Trustees, and Key Employees-$187,931-$187,931
Fees for Services Accounting-$132,081-$132,081
Travel$114,912$8,049-$122,961
Other Expenses$59,807$5,531-$65,338
Grants to Domestic Individuals$55,000--$55,000
Conferences and Meetings$43,821$1,185-$45,006
Office Expenses$29,066$3,079-$32,145
Depreciation Depletion$30,327--$30,327
Fees for Service Investment Mgmnt Fees-$23,062-$23,062
Insurance-$17,534-$17,534
Fees for Services Legal$1,440$410-$1,850
Total Functional Expenses$9,687,446$1,078,164$0$10,765,610

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$10,765,610
Expenses per Audited Statements$10,742,548
Total Expenses per Audited Statements$10,742,548
Expenses Not Reported on Financial Statements$23,062
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Va Portland Health Care SystemPortland, ORGovernment AgencySupport the Veterinary Medical Unit$387,221
AcademyhealthWashington, DC501(c)(3)Medical Research$69,802

International Summary

Offices
0
Employees
0
Spending
$0

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
CanadaFundraising-00-
Europe (including Iceland & Greenland) - Albania, Andorra, Austria, BelgiumFundraising-00-
South AsiaFundraising-00-
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-Controlled by Nicole Mathes, Fractional CFOProvided CFO ServicesNo$245,500
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
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
Yes
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, Part VI, Section B, Line 11B

“The form 990 is prepared by an outside accountant and reviewed by the executive director. The finance committee then meets to review the form 990. It is then emailed to the full board of directors for their review and approval prior to its filing with the irs.”

Form 990, Part VI, Section B, Line 12C

“Upon appointment and annually thereafter, board members are required to sign an acknowledgement of review of the conflict of interest policy. Upon disclosure, any conflict is reviewed by the chairman of the board and submitted to the board for review at the next scheduled meeting.”

Form 990, Part VI, Section B, Line 15A

“Top management - the executive director's salary is determined by the board of directors and based on a comparison between the federal employees general schedule and locality pay rates, and data supplied by the national association of the veterans' research and education foundation. Compensation as an employee of the va portland health care system is based on the federal employees general and locality based pay rates.”

Form 990, Part VI, Section C, Line 19

“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Portland Va Research Foundation
EIN
94-3090170
Phone
5032735228
Address
PO BOX 19832, PORTLAND, OR 97280

Signing Officer

Name
Jaqulene M Rowland
Title
Executive Director
Phone
5032735228
Signed
2025-08-11

Organization Details

Principal Officer
Jaqulene M Rowland
Formed
1989
Legal Domicile
Or
Voting Board Members
11
Independent Board Members
11
Employees
123
Volunteers
12

Preparer

Firm
Gary Mcgee & Co Llp
Address
1000 SW BROADWAY SUITE 1200, PORTLAND, OR 97205
Preparer
Yee Lee Mcgee
Phone
5032222515
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Medical research services: program service expenses 868,010. Management and general expenses 0. Fundraising expenses 0. Total expenses 868,010. Other: program service expenses 264,567. Management and general expenses 136,286. Fundraising expenses 0. Total expenses 400,853.”

Raw XML AppendixShowing 400 of 644 raw XML fields

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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IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt12FRACTIONAL CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt13INFORMATICS RESEARCH ASSOC
IRS990/Form990PartVIISectionAGrp/TitleTxt14RESEARCH CHEMIST
IRS990/Form990PartVIISectionAGrp/TitleTxt15RESEARCH CHEMIST
IRS990/Form990PartVIISectionAGrp/TitleTxt16SR CLINICAL RESEARCH ASS.
IRS990/Form990PartVIISectionAGrp/TitleTxt17STAKEHOLDER ENG. SPECIALIST
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IRS990/MissionDesc0THE 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.
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IRS990/ProgSrvcAccomActy2Grp/Desc0RESEARCH 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.
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IRS990/ProgSrvcAccomActy3Grp/Desc0EDUCATION - 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.
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