CLEVELAND VA MEDICAL RESEARCH AND EDUCATION FOUNDATION

CLEVELAND, OH, 44106-1702 (216) 791-3800 Est. 1991 EIN 34-1710663
H99Z— Medical Research Form 990 501(c)(3)

Mission

THE PRIMARY TAX-EXEMPT PURPOSE OF THE CLEVELAND VA MEDICAL RESEARCH AND EDUCATION FOUNDATION, A 501(C)(3) MEDICAL RESEARCH FOUNDATION ESTABLISHED IN ACCORDANCE WITH TITLE 38, SUBCHAPTER IV-RESEARCH AND EDUCATION CORPORATIONS, SECTIONS 7361-7368, IS TO SUPPORT BIOMEDICAL AND CLINICAL RESEARCH AS WELL AS TO PROVIDE HEALTH-RELATED EDUCATIONAL ACTIVITIES IN CONJUNCTION WITH THE LOUIS STOKES CLEVELAND DEPARTMENT OF VA MEDICAL CENTER (VAMC). RESEARCH SPONSORED BY THE CLEVELAND VA MEDICAL RESEARCH AND EDUCATION FOUNDATION BENEFITS VETERANS TREATED AT THE LOUIS STOCKS CLEVELAND VAMC AND THE GENERAL PUBLIC BY ADVANCING KNOWLEDGE IN THE DIAGNOSIS AND TREATMENT OF DISEASE AND DISABILITY. EDUCATION PROGRAMS SUPPORTED BY THE CLEVELAND VA MEDICAL RESEARCH AND EDUCATION FOUNDATION HELP DISSEMINATE THE RESULTS OF RESEARCH SO THEY MAY BE TRANSLATED TO CLINICAL PRACTICE, PROVIDE HOSPITAL STAFF WITH TRAINING IN THE LATEST TREATMENTS, AND HELP PATIENTS UNDERSTAND AND MANAGE THEIR MEDICAL CONDITIONS.

Financials

Total Revenue
$4,390,885
Total Expenses
$4,832,226
Net Assets
$3,234,997
56 employees
From latest filing (tax period ending 2023-12-31)

Financial Health

Operating Reserve
8.0 months Healthy
Net assets / monthly expenses
Year-over-Year Change
Revenue ↑ 14.5%
Expenses ↓ 3.5%
Revenue Sources
Contributions 1.2% Earned revenue 97.4% Investment 1.4%
Expense Breakdown
Program 81.8% Management 18.2%

Officers & Key Employees (9)

We treat individual compensation with extra care. Named amounts are on Grow plans.

Grants Received (31)

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Filing History (5 filings)

YearRevenueExpensesNet Assets
2023 Form 990
Jan 1, 2023 to Dec 31, 2023
$4,390,885 $4,832,226$3,234,997
2022 Form 990
Jan 1, 2022 to Dec 31, 2022
$3,836,219 $5,005,500$3,676,069
2020 Form 990
Jan 1, 2020 to Dec 31, 2020
$4,518,420 $4,934,357$5,186,810
2019 Form 990
Jan 1, 2019 to Dec 31, 2019
$4,797,846 $4,326,402$5,600,447
2018 Form 990
Jan 1, 2018 to Dec 31, 2018
$4,945,254 $3,384,538$5,135,518

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EIN: 34-1710663 · Source: IRS Form 990 e-file data