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Nonprofit · EIN 23-3066002

PHILADELPHIA RESEARCH & EDUCATION FOUNDATION

Tax-exempt · PHILADELPHIA, PA 19104

Financials

$2.6M$1.9M2022$2.2M$2.3M2023$2.1M$2.4M2024
Revenue Expenses · by fiscal year end
Financials of PHILADELPHIA RESEARCH & EDUCATION FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$2,071,124$2,397,902-$326,778$3,427,975$964,182$2,463,793
June 30, 2024990$2,202,326$2,340,310-$137,984$3,317,769$281,648$3,036,121
June 30, 2023990$2,630,237$1,871,954$758,283$3,774,629$607,331$3,167,298
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$568,454
of which government grants
$498,454
Program service revenue
$1,369,128
Investment income
$133,542
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$142,605
Other salaries and wages
$991,674
Salaries, compensation and benefits (total)
$1,270,183
Professional fundraising fees
$0
Legal fees
$2,286
Accounting fees
$102,350
Travel
$49,199
Program services (functional)
$1,992,482
Management and general (functional)
$405,420

Balance sheet and other

Total assets, start of year
$3,317,769
Total assets, end of year
$3,427,975
Total liabilities, end of year
$964,182
Net assets, end of year
$2,463,793
Net assets without donor restrictions
$2,041,074
Net assets with donor restrictions
$422,719
Gross receipts
$6,621,124
Employees
26
Volunteers
0
Year formed
2000
State of legal domicile
PA

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended June 30, 2025, highest compensation first.

NameTitleHours / weekCompensationFrom related orgsOther / benefits
JOHN J KELLY MDVICE-CHAIR
Trustee or director, Officer
0.25$0$367,548$0
KYONG-MI CHANG MDTREASURER
Trustee or director, Officer
0.25$0$338,465$0
LAWRENCE HOLZMAN MDDIRECTOR
Trustee or director
0.25$0$292,083$0
EDNA SCHWAB MDSECRETARY
Trustee or director, Officer
0.25$0$283,836$0
KAREN FLAHERTY-OXLER RNCHAIR
Trustee or director, Officer
0.25$0$203,700$0
JENNIFER HARKINS MS FACHEDIRECTOR
Trustee or director
0.25$0$180,481$0
GWENDOLYN CHAMEXECUTIVE DIRECTOR
Officer
40$120,051$0$9,680
MICHAEL RAYDIRECTOR
Trustee or director
0.25$0$0$0
MARTIN FARQUHAR HEYWORTH MDDIRECTOR
Trustee or director
0.25$0$0$0
990 for the year ended June 30, 2024: 8 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
JOHN J KELLY MDVICE-CHAIR
Trustee or director, Officer
0.25$0$376,257$0
KYONG-MI CHANG MDTREASURER
Trustee or director, Officer
0.25$0$352,542$0
LAWRENCE HOLZMAN MDDIRECTOR
Trustee or director
0.25$0$321,680$0
YU-NING WONG MDDIRECTOR
Trustee or director
0.25$0$314,704$0
EDNA SCWHAB MDSECRETARY
Trustee or director, Officer
0.25$0$301,516$0
KAREN FLAHERTY-OXLER RNCHAIR
Trustee or director, Officer
0.25$0$212,051$0
GWENDOLYN CHAMEXECUTIVE DI
Officer
40$78,168$0$1,180
MICHAEL RAYDIRECTOR
Trustee or director
0.25$0$0$0
990 for the year ended June 30, 2023: 9 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
JOHN J KELLY MDVICE-CHAIR
Trustee or director, Officer
0.25$0$367,548$0
KYONG-MI CHANG MDTREASURER
Trustee or director, Officer
0.25$0$338,465$0
LAWRENCE HOLZMAN MDDIRECTOR
Trustee or director
0.25$0$295,794$0
EDNA SCWHAB MDSECRETARY
Trustee or director, Officer
0.25$0$283,836$0
YU-NING WONG MDDIRECTOR
Trustee or director
0.25$0$273,682$0
KAREN FLAHERTY-OXLER RNCHAIR
Trustee or director, Officer
0.25$0$203,700$0
TINESAR PRIESTERFMR EXEC DIR
Officer
40$105,706$0$19,427
GWENDOLYN CHAMEXECUTIVE DI
Officer
40$32,308$0$0
MICHAEL RAYDIRECTOR
Trustee or director
0.25$0$0$0

Address and contacts

Address (IRS master file)
3900 WOODLAND AVE, PHILADELPHIA, PA 19104-4551
In care of
% VA MEDICAL CENTER - MEDICAL SERVI
Principal officer (990 for 2024)
VERA TAYLOR, CMCVAMC 151 3900 WOODLAND AVENUE, PHILADELPHIA, PA 191044155
Signed the 990
VERA TAYLOR, EXECUTIVE DIRECTOR
Phone
(215) 823-5800
Return prepared by
BELFINT LYONS & SHUMAN PA

Mission

TO FACILITATE AND SERVE THE CORPORAL MICHAEL J. CRESCENZ VETERANS AFFAIRS MEDICAL CENTER'S (CMCVAMC) RESEARCH AND EDUCATION PROGRAMS

990 for the year ended June 30, 2025

Program accomplishments

  • TO PROVIDE A FLEXIBLE MECHANISM TO FACILITATE THE CONDUCT OF APPROVED MEDICAL RESEARCH AND EDUCATION IN CONJUNCTION WITH THE MISSION OF THE CMCVAMC. TO ENCOURAGE AND SUPPORT THE PERFORMANCE OF MEDICAL RESEARCH AND EDUCATION WHICH WILL RESULT IN IMPROVED MEDICAL CARE AND TREATMENT FOR VETERANS AND SOCIETY.
    Expenses $1,992,482 · revenue $1,369,128

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990 on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
23-3066002
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Supporting organization (509(a)(3))
Donations deductible (Pub 78)
Supporting organization of unknown type
Exempt since
2002
Accounting year ends
June
Files
Form 990 or 990-EZ
Category (NTEE)
Medical research (H99)
Assets (IRS master file)
$3,427,975
Income (IRS master file)
$6,621,124

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$2,071,124$2,397,902$3,427,975IRS
990June 2024$2,202,326$2,340,310$3,317,769XML
990June 2023$2,630,237$1,871,954$3,774,629XML
990June 2022$3,092,281$1,437,690$3,079,281IRS
990June 2021–––IRS
990June 2020–––IRS
990June 2019–––IRS
990June 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 23-3066002).

Questions about PHILADELPHIA RESEARCH & EDUCATION FOUNDATION

What is the EIN of PHILADELPHIA RESEARCH & EDUCATION FOUNDATION?
The employer identification number (EIN) of PHILADELPHIA RESEARCH & EDUCATION FOUNDATION is 23-3066002.
Is PHILADELPHIA RESEARCH & EDUCATION FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2002.
Are donations to PHILADELPHIA RESEARCH & EDUCATION FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
Which annual return does PHILADELPHIA RESEARCH & EDUCATION FOUNDATION file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of PHILADELPHIA RESEARCH & EDUCATION FOUNDATION due?
The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did PHILADELPHIA RESEARCH & EDUCATION FOUNDATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended June 2025.
Who is the principal officer of PHILADELPHIA RESEARCH & EDUCATION FOUNDATION?
The 990 for the year ended June 30, 2025 names VERA TAYLOR.
Who are the officers and directors of PHILADELPHIA RESEARCH & EDUCATION FOUNDATION?
The 990 for the year ended June 30, 2025 lists 9 people; 1 received compensation from the organization.
How much revenue does PHILADELPHIA RESEARCH & EDUCATION FOUNDATION have?
On its 990 for the year ended June 30, 2025 it reported revenue of $2,071,124, expenses of $2,397,902 and total assets of $3,427,975 at year end.

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