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Va Connecticut Research And Education Foundation Inc

Vacref

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Medical Research N.E.C. (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$2.08M (2023)

Expenses
$2.19M (2023)

Total Assets
$7.58M (2023)

Total Liabilities
$3.36M (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings and Audits by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Audits are required to be submitted by nonprofit organizations that spend $750,000 or more in federal grant money in a fiscal year. "Single audits" look at the entire organization's finances and compliance, while other audits are program specific. Nonprofit Explorer has PDFs of audits for some nonprofits for fiscal year 2015 and later. Audit data is from the Federal Audit Clearinghouse.

Fiscal Year Ending Sept.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,078,961
Expenses
$2,191,902
Net Income
-$112,941
Net Assets
$4,225,604
Notable Sources of Revenue Percent of Total Revenue
Contributions $8,814
0.4%
Program Services $1,940,306
93.3%
Investment Income $129,841
6.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $175,799
8.0%
Professional Fundraising Fees $0
Other Salaries and Wages $204,322
9.3%
Assets/Debt
Total Assets $7,583,512
Total Liabilities $3,357,908
Net Assets $4,225,604
Compensation
Key Employees and Officers Compensation Related Other
Mary Rauschenberg (Executive Director (10/2022 6/2023)) $141,594 $0 $41,484
Fred Wright (President) $0 $255,935 $0
Mehmet Sofuoglu (President) $0 $0 $0
Becky Rhoads (Statutory Director) $0 $0 $0
Lori Bastian (Statutory Director) $0 $0 $0
Ronnie Rosenthal (Statutory Director) $0 $0 $0
Seonaid Hay (Statutory Director) $0 $0 $0
Huned Patwa (Treasurer) $0 $0 $0
Joseph Cardone (Executive Director (6/2023 9/2023)) $0 $0 $0

Document Links

Fiscal Year Ending Sept.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,464,306
Expenses
$1,928,003
Net Income
-$463,697
Net Assets
$4,286,504
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,100
0.1%
Program Services $1,437,509
98.2%
Investment Income $25,697
1.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $361,735
18.8%
Professional Fundraising Fees $0
Other Salaries and Wages $159,209
8.3%
Assets/Debt
Total Assets $5,911,991
Total Liabilities $1,625,487
Net Assets $4,286,504
Compensation
Key Employees and Officers Compensation Related Other
Mary Rauschenberg (Executive Director) $133,349 $0 $41,807
Russell Armstead (Statutory Director) $0 $0 $0
Huned Patwa (Statutory Director, Treas.) $0 $0 $0
Fred S Wright (Statutory Director, Pres.) $0 $248,481 $0
Seonaid Hay (Statutory Director) $0 $0 $0
Michael J Rossi (Outside Director, Sec) $0 $0 $0
John Booss (Outside Director) $0 $0 $0
Mehmet Sofuoglu (Statutory Director, Vice President) $0 $0 $0

Document Links

Fiscal Year Ending Sept.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,339,445
Expenses
$1,719,162
Net Income
-$379,717
Net Assets
$4,937,749
Notable Sources of Revenue Percent of Total Revenue
Contributions $2,200
0.2%
Program Services $1,293,132
96.5%
Investment Income $44,113
3.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $174,455
10.1%
Professional Fundraising Fees $0
Other Salaries and Wages $181,633
10.6%
Assets/Debt
Total Assets $6,034,073
Total Liabilities $1,096,324
Net Assets $4,937,749
Compensation
Key Employees and Officers Compensation Related Other
Mary Rauschenberg (Executive Director) $124,195 $0 $33,649
Alfred Montoya (Statutory Director) $0 $0 $0
Huned Patwa (Statutory Director, Treas.) $0 $0 $0
Fred S Wright (Statutory Director, Pres.) $0 $246,484 $0
Seonaid Hay (Outside Director) $0 $0 $0
Michael J Rossi (Outside Director, Sec) $0 $0 $0
John Booss (Outside Director) $0 $0 $0
Ethan Ung (Outside Director) $0 $0 $0

Document Links

Fiscal Year Ending Sept.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,717,783
Expenses
$2,101,409
Net Income
-$383,626
Net Assets
$5,354,129
Notable Sources of Revenue Percent of Total Revenue
Contributions $29,250
1.7%
Program Services $1,585,184
92.3%
Investment Income $103,349
6.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $171,923
8.2%
Professional Fundraising Fees $0
Other Salaries and Wages $195,106
9.3%
Assets/Debt
Total Assets $6,519,782
Total Liabilities $1,165,653
Net Assets $5,354,129
Compensation
Key Employees and Officers Compensation Related Other
Mary Rauschenberg (Executive Director) $120,534 $0 $35,156
Alfred Montoya (Statutory Director) $0 $0 $0
Michael Kozal (Statutory Director, Treas.) $0 $0 $0
Fred S Wright (Statutory Director, Pres.) $0 $233,948 $0
Linda Godleski (Outside Director) $0 $0 $0
Michael J Rossi (Outside Director, Sec) $0 $0 $0
John Booss (Outside Director) $0 $0 $0
Ethan Ung (Outside Director) $0 $0 $0

Document Links

Fiscal Year Ending Sept.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,702,618
Expenses
$1,916,281
Net Income
-$213,663
Net Assets
$5,713,945
Notable Sources of Revenue Percent of Total Revenue
Contributions $25,150
1.5%
Program Services $1,531,544
90.0%
Investment Income $145,924
8.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $127,497
6.7%
Professional Fundraising Fees $0
Other Salaries and Wages $351,879
18.4%
Assets/Debt
Total Assets $7,067,748
Total Liabilities $1,353,803
Net Assets $5,713,945
Compensation
Key Employees and Officers Compensation Related Other
Mary Rauschenberg (Executive Director) $125,290 $0 $38,579
Alfred Montoya (Statutory Director,) $0 $0 $0
Michael Kozal (Statutory Director, Treas.) $0 $0 $0
Fred S Wright (Statutory Director, Pres.) $0 $231,616 $0
Linda Godleski (Statutory Director, Sec.) $0 $0 $0
Michael J Rossi (Outside Director) $0 $0 $0
John Booss (Outside Director) $0 $0 $0
Ethan Ung (Outside Director) $0 $0 $0

Document Links

Fiscal Year Ending Sept.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,401,193
Expenses
$1,837,047
Net Income
-$435,854
Net Assets
$5,893,239
Notable Sources of Revenue Percent of Total Revenue
Contributions $2,350
0.2%
Program Services $1,289,814
92.1%
Investment Income $109,029
7.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $127,496
6.9%
Professional Fundraising Fees $0
Other Salaries and Wages $491,581
26.8%
Assets/Debt
Total Assets $7,616,616
Total Liabilities $1,723,377
Net Assets $5,893,239
Compensation
Key Employees and Officers Compensation Related Other
Mary Rauschenberg (Executive Director) $125,570 $0 $0
Gerald Culliton (Statutory Director) $0 $0 $0
Michael Ebert (Statutory Director, Treas.) $0 $0 $0
Fred S Wright (Statutory Director, Pres.) $0 $245,763 $0
Linda Godleski (Statutory Director, Sec.) $0 $0 $0
Michael J Rossi (Outside Director) $0 $0 $0
John Booss (Outside Director) $0 $0 $0

Document Links

Fiscal Year Ending Sept.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$514,681
Expenses
$1,288,874
Net Income
-$774,193
Net Assets
$6,342,066
Notable Sources of Revenue Percent of Total Revenue
Contributions $2,250
0.4%
Program Services $446,881
86.8%
Investment Income $65,550
12.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $124,720
9.7%
Professional Fundraising Fees $0
Other Salaries and Wages $402,638
31.2%
Assets/Debt
Total Assets $7,658,475
Total Liabilities $1,316,409
Net Assets $6,342,066
Compensation
Key Employees and Officers Compensation Related Other
Mary Rauschenberg (Executive Director) $122,412 $0 $0
Gerald Culliton (Statutory Director) $0 $0 $0
Michael Ebert (Statutory Director, Treas.) $0 $0 $0
Fred S Wright (Statutory Director, Pres.) $0 $212,722 $0
Linda Godleski (Statutory Director, Sec.) $0 $0 $0
Michael J Rossi (Outside Director) $0 $0 $0
John Booss (Outside Director) $0 $0 $0

Document Links

Fiscal Year Ending Sept.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$669,066
Expenses
$1,718,141
Net Income
-$1,049,075
Net Assets
$7,133,991
Notable Sources of Revenue Percent of Total Revenue
Contributions $35,024
5.2%
Program Services $566,777
84.7%
Investment Income $67,265
10.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $122,086
7.1%
Professional Fundraising Fees $0
Other Salaries and Wages $689,955
40.2%
Assets/Debt
Total Assets $7,382,120
Total Liabilities $248,129
Net Assets $7,133,991
Compensation
Key Employees and Officers Compensation Related Other
Mary Rauschenberg (Executive Director) $121,200 $0 $0
Gerald Culliton (Statutory Director) $0 $0 $0
Michael Ebert (Statutory Director, Treas.) $0 $0 $0
Fred S Wright (Statutory Director, Pres.) $0 $218,787 $0
Linda Godleski (Statutory Director, Sec.) $0 $0 $0
Michael J Rossi (Outside Director) $0 $0 $0
John Booss (Outside Director) $0 $0 $0
John Hambor (Outside Director) $0 $0 $0

Document Links

Fiscal Year Ending Sept.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$949,912
Expenses
$1,803,771
Net Income
-$853,859
Net Assets
$7,703,814
Notable Sources of Revenue Percent of Total Revenue
Contributions $73,763
7.8%
Program Services $807,906
85.1%
Investment Income $68,243
7.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $120,877
6.7%
Professional Fundraising Fees $0
Other Salaries and Wages $516,787
28.7%
Assets/Debt
Total Assets $8,507,210
Total Liabilities $803,396
Net Assets $7,703,814
Compensation
Key Employees and Officers Compensation Related Other
Mary Rauschenberg (Executive Director) $124,615 $0 $0
Gerald Culliton (Statutory Director) $0 $0 $0
Michael Ebert (Statutory Director, Treas.) $0 $0 $0
Fred S Wright (Statutory Director, Pres.) $0 $216,940 $0
Linda Godleski (Statutory Director, Sec.) $0 $0 $0
Michael J Rossi (Outside Director) $0 $0 $0
John Booss (Outside Director) $0 $0 $0
John Hambor (Outside Director) $0 $0 $0

Document Links

Fiscal Year Ending Sept.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$765,745
Expenses
$1,498,554
Net Income
-$732,809
Net Assets
$8,554,148
Notable Sources of Revenue Percent of Total Revenue
Contributions $5,325
0.7%
Program Services $688,453
89.9%
Investment Income $71,967
9.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $115,769
7.7%
Professional Fundraising Fees $0
Other Salaries and Wages $323,325
21.6%
Assets/Debt
Total Assets $9,342,215
Total Liabilities $788,067
Net Assets $8,554,148
Compensation
Key Employees and Officers Compensation Related Other
Mary Rauschenberg (Executive Director) $100,000 $0 $0
Gerald Culliton (Statutory Director) $0 $0 $0
Michael Ebert (Statutory Director, Treas.) $0 $0 $0
Fred S Wright (Statutory Director, Pres.) $0 $218,242 $0
Linda Godleski (Statutory Director, Sec.) $0 $0 $0
Michael J Rossi (Outside Director) $0 $0 $0
John Booss (Outside Director) $0 $0 $0
John Hambor (Outside Director) $0 $0 $0

Document Links

Fiscal Year Ending Sept.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,888,026
Expenses
$1,113,880
Net Income
$774,146
Net Assets
$9,274,241
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,363,404
72.2%
Program Services $488,956
25.9%
Investment Income $35,666
1.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $100,000
9.0%
Professional Fundraising Fees $0
Other Salaries and Wages $278,508
25.0%
Assets/Debt
Total Assets $9,885,870
Total Liabilities $611,629
Net Assets $9,274,241

Document Links

Fiscal Year Ending Sept.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,025,704
Expenses
$1,153,729
Net Income
$1,871,975
Net Assets
$8,500,095
Notable Sources of Revenue Percent of Total Revenue
Contributions $2,548,501
84.2%
Program Services $441,486
14.6%
Investment Income $35,717
1.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $100,000
8.7%
Professional Fundraising Fees $0
Other Salaries and Wages $165,109
14.3%
Assets/Debt
Total Assets $9,163,054
Total Liabilities $662,959
Net Assets $8,500,095

Document Links

Fiscal Year Ending Sept.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,059,320
Expenses
$1,485,675
Net Income
$573,645
Net Assets
$6,628,120
Notable Sources of Revenue Percent of Total Revenue
Contributions $2,500
0.1%
Program Services $2,043,106
99.2%
Investment Income $13,714
0.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $100,385
6.8%
Professional Fundraising Fees $0
Other Salaries and Wages $108,097
7.3%
Assets/Debt
Total Assets $9,897,412
Total Liabilities $3,269,292
Net Assets $6,628,120

Document Links

Fiscal Year Ending Sept.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Sept.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Sept.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Sept.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Sept.
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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