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

Expenses

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.