Overview
What is Vistar Inc?
Vistar Inc, situated in Birmingham, Alabama, serves as a flexible funding mechanism for the Department of Veterans Affairs (VA). Their primary mission is to support and facilitate research and educational activities beyond VA appropriations, contributing to the advancement of these sectors within the VA. The organization is involved in numerous projects, including studies on colorectal cancer prevention, COPD intervention, prostate cancer treatment, and COVID-19 impacts on cancer patients. Additionally, Vistar Inc is engaged in research on cardiovascular outcomes, lipid-lowering, and the use of a liquid alpha1-proteinase inhibitor in COVID-19 patients. The organization's work aligns with the VA's research and educational missions, aiming to make a significant impact in these areas.
Official website here: www.vistarinc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76%, Three-Star out of Four Star Rating
Vistar Inc has received a 76% rating from Charity Navigator, indicating a moderate level of accountability and finance management. This rating is based entirely on accountability metrics, signaling that while financial practices are generally strong, there may be areas requiring improvement, particularly in board independence.
Strengths for Vistar Inc include no material diversion of assets and solid financial ratios, such as a 69.41% program expense ratio, indicating that a significant portion of expenditures goes directly to programs. The organization also has well-established policies for conflict of interest, whistleblower protections, and document retention, which are all viewed favorably in terms of governance.
However, the organization has notable limitations, particularly regarding board independence, with only 33% of board members being independent. This aspect may raise concerns about potential conflicts of interest and overall governance quality. Improved board independence could enhance the organization’s accountability and transparency.
This AI summary has been generated from information found on Charity Navigator.
Is Vistar Inc legitimate?
Vistar Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Vistar 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: $119,323
Professional Fundraising Fees: $0
Other Salaries and Wages: $204,237
For more financial information, click here
Official website here: www.vistarinc.org
What is the mission statement of Vistar Inc?
Vistar Inc's mission is centered around supporting the research and educational initiatives of the Department of Veterans Affairs. They serve as a flexible platform for receiving and managing funds, excluding VA appropriations, for the execution of approved research and educational activities within the VA's domain. This organization plays a vital role in facilitating various research projects, such as studies on colorectal cancer prevention and COPD intervention, to name a few, which contribute to advancing medical knowledge and improving healthcare outcomes.
Official website here: www.vistarinc.org
What is the revenue of Vistar Inc?
Vistar Inc's revenue in 2023 was $647,888.
Official website here: www.vistarinc.org
Who are the executives of Vistar Inc and what are their salaries?
The average compensation at Vistar Inc during 2023 was $40,445. There are 8 employees and 6 volunteers at Vistar Inc.
Here are 7 key members and their salaries:
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- Compensation: $119,323
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- Other: $6,207
Official website here: www.vistarinc.org
Where can I find the form 990 for Vistar Inc?
Vistar Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.vistarinc.org
Learn more at the official website: www.vistarinc.org
Mission Statement of Vistar Inc
Vistar Inc, a nonprofit organization, is committed to advancing the research and educational missions of the Department of Veterans Affairs. It serves as a flexible mechanism for receiving and administering funds, other than VA appropriations, for the conduct of approved VA research and education activities. The organization's mission is to provide a supportive platform that allows the Department of Veterans Affairs to expand its research and educational initiatives beyond its allocated budget. This involvement in vital VA projects enables the organization to contribute significantly to the well-being and healthcare of veterans.
By providing funding for various research projects, Vistar Inc plays a crucial role in addressing various health issues affecting veterans. For instance, the organization supports studies focused on colorectal cancer prevention, COPD intervention, and the treatment of metastatic castrate-resistant prostate cancer. Moreover, Vistar Inc is involved in clinical trials for cancer patients, investigating the efficacy of new treatments and medications. The organization also supports research on vaccines for preventing COVID-19 and pharmacogenomic testing for veterans. By funding these projects, Vistar Inc contributes to the development of innovative treatments and therapies, ultimately benefiting the health and well-being of veterans.
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Impact
July, 2024
Vistar Inc's impact can be seen through its support in advancing the research and education missions of the Department of Veterans Affairs. By providing a flexible mechanism for the receipt and administration of funds for approved VA research and education activities, Vistar Inc plays a crucial role in facilitating important studies and projects aimed at improving healthcare outcomes for veterans. Their involvement in initiatives such as cancer research, COPD intervention studies, COVID-19 prevention trials, and diabetes management programs demonstrates a commitment to supporting innovative medical advancements that benefit both veterans and the broader population.
This information is meant to be a general summary of Vistar 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 2023.
- Investment Income: $9
- Program Service Revenue: $281,185
- Gross Receipts: $651,118
Assets and Liabilities:
- Total Assets: $611,679
- Total Liabilities: $215,943
- Net Assets: $395,736
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CLINICAL RESEARCH STUD
Revenue
$277,903
OTHER REVENUE
Revenue
$3,282
Organization Details
Founding Year
1990
Principal Officer
Louis Dell'Italia Md
Website
www.vistarinc.orgNTEE Category
Code: W30 - Public benefit
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