Overview
What is Houston Va Research & Education Foundation Inc?
Houston Va Research & Education Foundation Inc is a 501(c)(3) nonprofit organization based in Houston, Texas. The primary mission of this foundation is to facilitate medical research and educational activities at the Michael E. DeBakey Veterans Affairs Medical Center. By acting as a flexible funding mechanism, the foundation supports VA faculty and staff in their research, education, and training endeavors. This nonprofit aims to foster progress in laboratory science, clinical science, and rehabilitative and health service programs that benefit both veterans and the general public. The foundation indirectly supports the development of VA faculty and staff through educational and training activities, increasing the breadth of knowledge used to enhance patient care. The foundation employs a total of 3 individuals to carry out its mission.
Official website here: www.hvaref.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 54%, One-Star out of Four Star rating.
The Houston VA Research & Education Foundation Inc has received a low rating of 54% from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. With only 37% of its board members being independent, the organization demonstrates a lack of sufficient oversight which is critical for maintaining transparency and trust with stakeholders.
Despite some strengths, such as having no material diversion of assets and a well-structured audit and oversight committee, the organization falls short in several governance policies. It lacks a whistleblower policy and has not provided a document retention and destruction policy, both of which are essential for safeguarding against misconduct and ensuring responsible management of the organization’s resources.
Financially, the foundation has a relatively high liabilities to assets ratio at 58%, and its program expense ratio stands at 53.81%. These figures suggest that a significant portion of funds may not be directed toward programs, which could raise concerns for potential donors about the efficacy of their contributions. Overall, while there are some positive aspects, the foundation has notable weaknesses that need to be addressed to improve its performance and credibility.
This AI summary has been generated from information found on Charity Navigator.
Is Houston Va Research & Education Foundation Inc legitimate?
Houston Va Research & Education Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Houston Va Research & Education Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $135,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $5,300
For more financial information, click here
Official website here: www.hvaref.org
What is the mission statement of Houston Va Research & Education Foundation Inc?
The Houston VA Research & Education Foundation Inc's mission is to facilitate medical research and educational activities at the Michael E. Debakey Veterans Affairs Medical Center. They achieve this by acting as a flexible funding mechanism, supporting the VA faculty and staff in their research, education, and training endeavors. The foundation's goal is to foster progress in laboratory science, clinical science, rehabilitative, and health service programs that benefit both veterans and the general population. Additionally, the foundation supports the ongoing development of VA faculty and staff through education and training activities designed to increase their breadth of knowledge, thereby enhancing patient care.
Official website here: www.hvaref.org
Who is the CEO of Houston Va Research & Education Foundation Inc?
Chris Rodney is the Statutory Di of Houston Va Research & Education Foundation Inc.
Official website here: www.hvaref.org
What is the revenue of Houston Va Research & Education Foundation Inc?
Houston Va Research & Education Foundation Inc's revenue in 2022 was $1,019,768.
Official website here: www.hvaref.org
Who are the executives of Houston Va Research & Education Foundation Inc and what are their salaries?
The average compensation at Houston Va Research & Education Foundation Inc during 2022 was $46,767. There are 3 employees at Houston Va Research & Education Foundation Inc.
Here are 9 key members and their salaries:
- Compensation: $0
- Related: $320,381
- Other: $0
- Compensation: $0
- Related: $318,466
- Other: $0
- Compensation: $0
- Related: $211,060
- Other: $0
- Compensation: $0
- Related: $209,729
- Other: $0
- Compensation: $0
- Related: $138,682
- Other: $0
- Compensation: $135,000
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.hvaref.org
Where can I find the form 990 for Houston Va Research & Education Foundation Inc?
Houston Va Research & Education Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.hvaref.org
Learn more at the official website: www.hvaref.org
Mission Statement of Houston Va Research & Education Foundation Inc
Houston Va Research & Education Foundation Inc is dedicated to facilitating medical research and educational activities at the Michael E. Debakey Veterans Affairs Medical Center. Acting as a flexible funding mechanism, the foundation's primary objective is to support the research, education, and training endeavors of the medical center's faculty and staff. This, in turn, helps foster progress in laboratory science, clinical science, and rehabilitative and health service programs that benefit veterans and the general population.
In essence, Houston Va Research & Education Foundation Inc aims to enhance the knowledge and skills of VA faculty and staff through education and training activities. By doing so, they contribute to the improvement of patient care, furthering the goals of the medical center's programs. The foundation's activities indirectly support the research, education, and training efforts of the medical center's team, ultimately benefiting the nation's veterans and the wider population.
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Impact
July, 2024
The impact of Houston VA Research & Education Foundation Inc is significant in advancing medical research and educational activities at the Michael E. DeBakey Veterans Affairs Medical Center. Through its flexible funding mechanism, the foundation supports clinical research aimed at improving health services programs for veterans and the general public. Additionally, it conducts education, training, and development activities for VA employees, contributing to progress in laboratory science, clinical science, and rehabilitative health service programs. By directly or indirectly funding VA faculty and staff, the foundation plays a crucial role in fostering advancements that benefit the nation's veterans and the broader population.
This information is meant to be a general summary of Houston Va Research & Education Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $2,828
- Program Service Revenue: $1,016,940
- Gross Receipts: $1,019,768
Assets and Liabilities:
- Total Assets: $9,500,536
- Total Liabilities: $5,638,787
- Net Assets: $3,861,749
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
NONFEDERAL GRANT & CONT REV
Revenue
$716,660
FEDERAL GRANT & CONT. REV
Revenue
$300,280
Organization Details
Founding Year
2003
Phone
(713) 794-7934Principal Officer
Chris Rodney
Main Address
PO BOX 300487, HOUSTON, TX, 772300487
Website
www.hvaref.orgNTEE Category
Code: G80 - Disease
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