Overview
What is Louisiana Veterans Research And Education Corporation?
Louisiana Veterans Research and Education Corporation, situated in New Orleans, LA, is a nonprofit organization dedicated to promoting medical research and education. Their primary focus is on facilitating clinical trials at the Southeast Louisiana Veterans Health Care System. In 2022, they managed various trials, including one for Janssen's Covid-19 vaccine and another subaward from the Army Medical Research and Material Command. Previously, in 2021, they also facilitated a Janssen vaccine trial with 11 participants. Their mission revolves around advancing medical knowledge and improving healthcare options for veterans.
Official website here: www.lavrec.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 40%
The Louisiana Veterans Research And Education Corporation has received a low rating of 40%, resulting in a Zero-Star out of Four Star rating, indicating significant concerns regarding its accountability and financial practices. The organization has a notably low score in areas such as independent board member representation and board size, which raises questions about governance and oversight.
Despite some positive aspects, such as a robust whistleblower policy and a solid approach to document retention, the organization struggles in critical areas. For instance, it scored low on its liabilities to assets ratio and program expense ratio, suggesting inefficiencies in financial management and allocation of resources towards its mission.
Overall, while the nonprofit demonstrates compliance in certain policies, the lack of independent oversight and poor financial ratios highlight limitations that potential donors and supporters should consider carefully. The organization may need to address these governance and financial management issues to improve its standing and effectiveness in serving veterans.
This AI summary has been generated from information found on Charity Navigator.
Is Louisiana Veterans Research And Education Corporation legitimate?
Louisiana Veterans Research And Education Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Louisiana Veterans Research And Education Corporation submitted a form 990EZ, 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: $78,154
Professional Fundraising Fees: $0
Other Salaries and Wages: $77,012
For more financial information, click here
Official website here: www.lavrec.org
What is the mission statement of Louisiana Veterans Research And Education Corporation?
The Louisiana Veterans Research and Education Corporation is dedicated to promoting medical research and education programs. Their primary objective is to facilitate trials and studies in this field. In the recent past, they have overseen trials for Janssen's Covid-19 vaccine and received a subaward from the Army Medical Research and Material Command. Additionally, they conducted a trial with 11 subjects for Janssen's vaccine in 2021. The organization's mission is centered around advancing scientific knowledge and improving healthcare, contributing to the broader medical community.
Official website here: www.lavrec.org
What is the revenue of Louisiana Veterans Research And Education Corporation?
Louisiana Veterans Research And Education Corporation's revenue in 2023 was $305,689.
Official website here: www.lavrec.org
Who are the executives of Louisiana Veterans Research And Education Corporation and what are their salaries?
The average compensation at Louisiana Veterans Research And Education Corporation during 2023 was $51,722. There are 3 employees at Louisiana Veterans Research And Education Corporation.
Here are 10 key members and their salaries:
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Official website here: www.lavrec.org
Where can I find the form 990 for Louisiana Veterans Research And Education Corporation?
Louisiana Veterans Research And Education Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.lavrec.org
Learn more at the official website: www.lavrec.org
Mission Statement of Louisiana Veterans Research And Education Corporation
Louisiana Veterans Research and Education Corporation, abbreviated as LVREC, is dedicated to promoting medical research and educational programs. Their primary objective is to facilitate these initiatives at the Southeast Louisiana Veterans Health Care System. In the pursuit of this mission, LVREC has been actively involved in various trials, including those related to the Janssen Covid-19 vaccine and Army Medical Research and Material Command subaward. Their commitment to medical advancement and education is evident in their involvement in these trials, contributing to the broader scientific community.
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Impact
October, 2024
Louisiana Veterans Research And Education Corporation plays a crucial role in advancing medical research and education, particularly in the field of veteran healthcare. By facilitating scientific research and clinical trials at the Southeast Louisiana Veterans Health Care System, the organization enhances the quality of care and treatment options available to veterans.
In 2022, they were instrumental in conducting significant trials, including Janssen's Covid-19 vaccine trial, which contributed to the broader efforts in combating the pandemic. Their collaboration with the Army Medical Research and Material Command further emphasizes their commitment to supporting military health initiatives. The successful facilitation of a Janssen vaccine trial in 2021, involving 11 subjects, showcases their capacity to manage and execute important research projects effectively.
Located in New Orleans, LA, the corporation not only impacts the local community but also contributes to the national dialogue on veteran health issues through innovative research programs. Their efforts in medical research and education ultimately benefit veterans, ensuring they receive cutting-edge treatments and improving health outcomes.
This information is meant to be a general summary of Louisiana Veterans Research And Education Corporation. 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.
- Program Service Revenue: $305,689
- Gross Receipts: $305,689
Assets and Liabilities:
- Total Assets: $443,659
- Total Liabilities: $287,547
- Net Assets: $156,112
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SERVICE FEES
Revenue
$305,689
Organization Details
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