PORTLAND VA RESEARCH FOUNDATION

EIN: 943090170 501(c)(3) Science & Technology

PORTLAND, OR

Total Revenue
$10,138,338
Total Expenses
$10,765,610
Total Assets
$11,639,293
Net Assets
$10,782,616
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Financial Trends

Organization Details

Formation Year
1989
Legal Domicile
OR
Principal Officer
JAQULENE M ROWLAND
Phone
5032735228
Tax Period
2024-01-01 to 2024-12-31

PORTLAND VA RESEARCH FOUNDATION, founded in 1989, is a mid-sized nonprofit in the Science & Technology sector that reported $10.1M in total revenue in fiscal year 2024.

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.

Program Service Accomplishments

Program 1
Expenses: $8,544,511 Revenue: $3,328,701

RESEARCH - RESEARCH PROJECTS INCLUDING CLINICAL STUDIES THAT FOCUS ON THE TREATMENT OF MEDICAL CONDITIONS PREVALENT IN THE VETERAN POPULATION. VETERANS BENEFIT FROM ACCESS TO CUTTING EDGE...

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RESEARCH - RESEARCH PROJECTS INCLUDING CLINICAL STUDIES THAT FOCUS ON THE TREATMENT OF MEDICAL CONDITIONS PREVALENT IN THE VETERAN POPULATION. VETERANS BENEFIT FROM ACCESS TO CUTTING EDGE PHARMACEUTICALS AND MEDICAL CARE DEVICES, AS WELL AS THE ACTUAL "HANDS ON" CARE PROVIDED AND, INDIRECTLY, FROM THE INTERACTION BETWEEN FOUNDATION STAFF AND PATIENTS.

Program 2
Expenses: $1,104,657

RESEARCH 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...

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RESEARCH 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.

Program 3
Expenses: $38,278

EDUCATION - THE FOUNDATION SUPPORTS WORK-RELATED INSTRUCTION AND LEARNING EXPERIENCES FOR VETERANS, INCLUDING IMPROVING THE PERFORMANCE OF DUTIES, GAINING SPECIALIZED PROFICIENCIES, AND EXPANDING THE...

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EDUCATION - 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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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $6,563,708
Program Service Revenue $3,313,701
Investment Income $242,226
Other Revenue $18,703
TOTAL REVENUE $10,138,338

Expense Breakdown

Grants Paid $512,023
Salaries & Benefits $8,103,526
Fundraising Expenses $0
Program Expenses $9,687,446
Other Expenses $2,150,061
TOTAL EXPENSES $10,765,610

Year-over-Year Comparison

2024 2023 Change
Revenue $10,138,338 $9,726,557 +0.0%
Expenses $10,765,610 $9,986,707 +0.1%
Net Income $-627,272 $-260,150 +1.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
11
Independent Members
11
Employees
123
Volunteers
12

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$157,866
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MOLLY OSBORNE MD PHD CHAIR 1.00
Officer Director
$0 $0 $0
CHERYL L MORGAN CPA SECRETARY/TREASURER 1.00
Officer Director
$0 $0 $0
DAVID COHEN MD DIRECTOR 1.00
Director
$0 $0 $0
MARY HEINRICHER PHD DIRECTOR 1.00
Director
$0 $0 $0
DAVID HOLT MBA FACHE DIRECTOR 1.00
Director
$0 $0 $0
SAHANA MISRA MD DIRECTOR 1.00
Director
$0 $0 $0
KIM NEVE PHD DIRECTOR 1.00
Director
$0 $0 $0
MERRITT RAITT MD DIRECTOR 1.00
Director
$0 $0 $0
KERRY N RHYNE MD DIRECTOR 1.00
Director
$0 $0 $0
KATHRYN SCHUFF MD MCR DIRECTOR 1.00
Director
$0 $0 $0
STEPHEN SMITH MD MBBS DIRECTOR 1.00
Director
$0 $0 $0
JAQULENE ROWLAND MBA EXECUTIVE DIRECTOR 40.00
Officer
$127,772 $30,094 $157,866
NICOLE MATHES FRACTIONAL CFO 24.00
Officer
$0 $0 $0
EDWIN REID PHD INFORMATICS RESEARCH ASSOC 40.00
Highest
$141,093 $8,463 $149,556
ROLF WINTER PHD RESEARCH CHEMIST 40.00
Highest
$138,331 $14,385 $152,716
SOVITJ POU RESEARCH CHEMIST 40.00
Highest
$135,643 $21,903 $157,546
JESSICA LOCKE SR CLINICAL RESEARCH ASS. 40.00
Highest
$133,031 $19,764 $152,795
CATHY GORDON STAKEHOLDER ENG. SPECIALIST 40.00
Highest
$126,178 $20,251 $146,429
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 $10,138,338 $10,765,610 $11,639,293 $-627,272
2023 $9,726,557 $9,986,707 $12,234,969 $-260,150
2022 $8,306,544 $7,316,780 $12,433,736 $989,764
2021 $7,209,614 $6,981,065 $12,517,323 $228,549
2020 $7,043,320 $7,031,183 $12,588,210 $12,137
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