Public Charity

VA CONNECTICUT RESEARCH AND EDUCATION FOUNDATION (VACREF)

VA CONNECTICUT RESEARCH AND EDUCATION FOUNDATION (VACREF) is a Public Charity headquartered in WEST HAVEN, CT. Financial data from the 2025 filing: $4.7M revenue, $4.3M expenses, $7.6M total assets. 12 publicly reported grants to this organization, totaling roughly $3.7M, appear in IRS filings.

EIN: 202206467 WEST HAVEN, CT Medical Research N.E.C. NTEE: H99 Latest filing: 2025
Total Revenue$4.7M
Total Expenses$4.3M
Total Assets$7.6M
Grant Records12
Funding Total$3.7M
Filing Years2021–2025

Mission

TO FACILITATE THE RESEARCH AND EDUCATIONAL PROGRAMS IN CONJUNCTION WITH THE VA CONNECTICUT HEALTHCARE SYSTEM (VACHS) WHICH IS A FEDERAL HOSPITAL AND OPERATES AS A DIVISION OF THE VA NEW ENGLAND HEALTHCARE SYSTEM WITHIN THE VETERANS HEALTH ADMINISTRATION.

Where $100 goes at Va Connecticut Research and Education Foundation (Vacref)

How Va Connecticut Research and Education Foundation (Vacref) divides every $100 it spends, from its own Form 990 filings, averaged across 9 years.

$86 Programs the work itself
$14 Management running the organization
$0 Fundraising none reported

No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.

Inside the $86 for programs

$42
Quest
48% of program spending
$28
Other research projects
33% of program spending
$9
Eased
11% of program spending

Plus 1 more program. Cost per person served and the full program breakdown are on the full profile.

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Source: Form 990 filings with the IRS, latest fiscal year 2025. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Officers & Directors

STATUTORY DIRECTOR Becky Rhoads
TREASURER Huned Patwa
EXECUTIVE DIRECTOR Joseph Cardone
STATUTORY DIRECTOR Lori Bastian
FORMER EXECUTIVE DIRECTOR (THROUGH 6/2023) Mary Rauschenberg
PRESIDENT Mehmet Sofuoglu

Officer compensation and complete director data available with membership.

Top Grant Purposes

Fundraising & Sponsorship
$3,550,518 7 grants
Research & Policy
$126,588 3 grants
General Support
$50,000 2 grants

Financial Trends

Year Revenue Expenses Assets
2025 $4.7M $4.3M $7.6M
2024 $3.1M $3.0M $6.8M
2023 $2.1M $2.2M $7.6M
2022 $1.5M $1.9M $5.9M
2021 $1.3M $1.7M $6.0M

Between 2021 and 2025, reported annual revenue grew from $1.3M to $4.7M (+251%), with total assets most recently reported at $7.6M.

Interactive year-over-year charts and full filing details available with membership.

See the full picture for VA CONNECTICUT RESEARCH AND EDUCATION FOUNDATION (VACREF)

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