NPC Highlights: Annual Report to Congress
CMR 15 - 24
Highlights of the Executive Summary of the
Department of Veterans Affairs (VA)
2014 Nonprofit Corporations (NPC) Annual Report
(based upon reports submitted in June 2015)
General
- All 83 of the NPCs submitted annual reports.
- 99 percent of NPC revenues were subject to outside independent audits (14 NPCs either fell below the amount that triggers the annual audit requirement or fell within the 3 year intervening period); and
- 45 NPCs reported increased overall revenue in 2014, compared to 47 in fiscal year 2013.
Revenues
Revenue Sources |
2014 |
2013 |
% Change |
Private |
$ 73,809,000 |
$ 74,867,000 |
-1% |
Governmental |
191,964,000 |
187,759,000 |
+2% |
Other |
2,226,000 |
2,305,000 |
-3% |
Total NPC Revenues |
$ 267,999,000 |
$ 264,931,000 |
+1% |
2014 Revenue Type |
Research |
Education |
Other - general revenue
(i.e., interest income) |
|
$264.1 million (98%) |
$1.9 million (1%) |
$2.0 million (1%) |
Revenue Range |
# of NPCs - 2014 |
# of NPCs - 2013 |
# of NPCs - 2012 |
Below $500K |
29 (36%) |
27 (33%) |
32 (40%) |
$500K - $1M |
12 (14%) |
15 (18%) |
10 (12%) |
$1M - $10M |
35 (42%) |
34 (41%) |
33 (41%) |
$10M and Above |
7 ( 8%) |
7 ( 8%) |
6 ( 7%) |
Total NPCs |
83 |
83 |
81 |
Expenses
|
2014 |
2013 |
% Change |
Total NPC Expenditures |
$268.1 million |
$262.1 million |
+2% |
Selected NPC activities other than direct support for research projects and education activities:
- Renovate and upgrade VA research infrastructure;
- Provide funds, staffing, and training support to VA and affiliate universities to help cover Institutional Review Board requirements;
- Pay for expenses related to recruitment of research investigators to the VA system;
- Fund seed grants to new investigators to aid them in establishing their VA research careers;
- Employ support staff for VA research projects;
- Cover the cost of training VA research personnel in topics such as research compliance, good clinical practice, and board governance;
- Underwrite bridge funding for VA investigators who are between research grant awards;
- Support travel and registration fees for VA investigators to attend scientific conferences;
- Procure personnel, equipment, and supplies for VA animal research facilities;
- Provide funds for research pharmaceutical staff and equipment; and
- Host national educational conferences for VA personnel with incidental attendance by health professionals from surrounding communities.