Nonprofit · EIN 54-1522206
RICHMOND INSTITUTE FOR VETERANS RESEARCH
Tax-exempt · RICHMOND, VA 23249
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $5,542,579 | $5,072,728 | $469,851 | $16,648,961 | $359,630 | $16,289,331 |
| December 31, 2024 | 990 | $5,390,119 | $5,179,414 | $210,705 | $16,007,373 | $297,114 | $15,710,259 |
| December 31, 2023 | 990 | $5,678,794 | $4,389,317 | $1,289,477 | $15,789,906 | $238,437 | $15,551,469 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $4,844,822
- of which government grants
- $545,439
- Program service revenue
- $53,200
- Investment income
- $633,057
- Other revenue
- $11,500
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $243,846
- Other salaries and wages
- $2,418,012
- Salaries, compensation and benefits (total)
- $2,940,057
- Professional fundraising fees
- $0
- Accounting fees
- $81,071
- Travel
- $163,274
- Depreciation
- $49,746
- Program services (functional)
- $3,972,521
- Management and general (functional)
- $1,082,375
- Fundraising (functional)
- $17,832
Balance sheet and other
- Total assets, start of year
- $16,007,373
- Total assets, end of year
- $16,648,961
- Total liabilities, end of year
- $359,630
- Net assets, end of year
- $16,289,331
- Land, buildings and equipment
- $138,960
- Net assets without donor restrictions
- $6,204,287
- Net assets with donor restrictions
- $10,085,044
- Gross receipts
- $5,542,579
- Employees
- 63
- Volunteers
- 0
- Year formed
- 1989
- State of legal domicile
- VA
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 December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| FRANKLIN ZIEVE | PRINCIPAL INVESTIGATOR Highest-paid employee | 20 | $148,359 |
| SHERYL UNDERWOOD | EXECUTIVE DIRECTOR Officer | 40 | $131,776 |
| MIKELA JULY | FINANCIAL OFFICER Officer | 40 | $109,670 |
| ANTHONY J MINISI MD | DIRECTOR Trustee or director | 3 | $1,200 |
| MARY FARRELL | DIRECTOR - ENDED 05/15/2025 Trustee or director | 3 | $600 |
| STUART BLANKENSHIP | DIRECTOR - STARTED 3/18/2025 Trustee or director | 3 | $600 |
| J RONALD JOHNSON | DIRECTOR Trustee or director | 3 | $0 |
| LENORE N JOSEPH MD | DIRECTOR Trustee or director | 3 | $0 |
| MICHAEL GODSCHALK MD | DIRECTOR Trustee or director | 3 | $0 |
| WILLIAM PANDAK MD | DIRECTOR Trustee or director | 3 | $0 |
| DENISE LESTER MD | DIRECTOR Trustee or director | 3 | $0 |
| THOMAS MURPHY MD | DIRECTOR - INTERIM CHIEF OF STAFF Trustee or director | 3 | $0 |
| JOSE HUIZAR MD | CHAIRMAN OF THE BOARD Trustee or director, Officer | 3 | $0 |
990 for the year ended December 31, 2024: 13 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| FRANKLIN ZIEVE | PRINCIPAL INVESTIGATOR Highest-paid employee | 20 | $145,375 |
| SHERYL UNDERWOOD | EXEC DIRECTOR Officer | 40 | $122,300 |
| MIKELA JULY | FINANCIAL OFFICER Officer | 40 | $99,690 |
| J RONALD JOHNSON | DIRECTOR Trustee or director | 3 | $0 |
| LENORE N JOSEPH MD | DIRECTOR Trustee or director | 3 | $0 |
| ANTHONY J MINISI MD | DIRECTOR Trustee or director | 3 | $0 |
| MARY FARRELL | DIRECTOR Trustee or director | 3 | $0 |
| MICHAEL GODSCHALK MD | DIRECTOR Trustee or director | 3 | $0 |
| MICHAEL PANDAK MD | DIRECTOR Trustee or director | 3 | $0 |
| DENISE LESTER | DIRECTOR Trustee or director | 3 | $0 |
| JULIE BEALES MD | DIRECTOR - ENDED 08/15/2024) Trustee or director | 3 | $0 |
| THOMAS MURPHY | DIRECTOR - INTERIM CHIEF OF STAFF (STARTED 11/21/2 Trustee or director | 3 | $0 |
| JOSE HUIZAR | CHAIRMAN OF THE BOARD Trustee or director, Officer | 3 | $0 |
990 for the year ended December 31, 2023: 13 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| FRANKLIN ZIEVE | PRINCIPAL INVESTIGATOR Highest-paid employee | 40 | $138,455 |
| SHERYL UNDERWOOD | EXEC DIRECTOR - STARTED 04/01/2023 Officer | 40 | $104,430 |
| MIKELA JULY | FINANCIAL OFFICER - STARTED 4/1/2023 Officer | 40 | $84,726 |
| PAMELA CAPONE | EXEC DIRECTOR - ENDED 03/31/2023 Officer | 40 | $59,160 |
| J RONALD JOHNSON | DIRECTOR Trustee or director | 3 | $0 |
| LENORE N JOSEPH MD | DIRECTOR Trustee or director | 3 | $0 |
| ANTHONY J MINISI MD | DIRECTOR Trustee or director | 3 | $0 |
| MARY FARRELL | DIRECTOR Trustee or director | 3 | $0 |
| MICHAEL GODSCHALK MD | DIRECTOR Trustee or director | 3 | $0 |
| MICHAEL PANDAK MD | DIRECTOR Trustee or director | 3 | $0 |
| DENISE LESTER | DIRECTOR Trustee or director | 3 | $0 |
| JULIE BEALES MD | DIRECTOR Trustee or director | 3 | $0 |
| JOSE HUIZAR | CHAIRMAN OF THE BOARD Trustee or director, Officer | 3 | $0 |
Address and contacts
- Address (IRS master file)
- 1201 BROAD ROCK BLVD, RICHMOND, VA 23249-0001
- In care of
- % FRANKLIN J ZIEVE
- Principal officer (990 for 2025)
- SHERYL UNDERWOOD, 1201 BROAD ROCK BLVD, RICHMOND, VA 23249
- Signed the 990
- SHERYL UNDERWOOD, EXECUTIVE DIRECTOR
- Phone
- (804) 675-5151
- Return prepared by
- KEITER STEPHENS HURST GARY & SHREAVES
Mission
MEDICAL RESEARCH, EDUCATION AND PATIENT CARE.
Program accomplishments
- RICHMOND INSTITUTE FOR VETERANS RESEARCH (RIVR) IS A 501(C)(3)/509(A)(3)ORGANIZATION FORMED TO SUPPORT RESEARCH, EDUCATION, AND PATIENT CARE IN THE RICHMOND VA MEDICAL CENTER. RIVR SUPPORTS OVER 100 VA APPROVED RESEARCH PROJECTS. INVESTIGATORS FOCUS THEIR EFFORTS ON CARRYING OUT STUDIES TO DEVELOP AND VERIFY KNOWLEDGE RELATING TO THE CAUSES, DIAGNOSES, TREATMENT, AND PREVENTION OF DISEASE. INVESTIGATORS PUBLISH SCIENTIFIC ARTICLES AND PRESENT THEM AT SCIENTIFIC MEETINGS.Expenses $3,578,790
- INSTITUTIONAL REVIEW BOARD IS AN INDEPENDENT BOARD THAT REVIEWS PROPOSOSED STUDIES TO ENSURE THAT THERE ARE ADEQUATE SAFEGUARDS FOR HUMAN SUBJECT PROTECTION.Expenses $393,731 · revenue $53,200
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 54-1522206
- 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
- 1991
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Medical research (H990)
- Assets (IRS master file)
- $16,648,961
- Income (IRS master file)
- $5,542,579
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $5,542,579 | $5,072,728 | $16,648,961 | IRS |
| 990 | December 2024 | $5,390,119 | $5,179,414 | $16,007,373 | XML |
| 990 | December 2023 | $5,678,794 | $4,389,317 | $15,789,906 | XML |
| 990 | December 2022 | $5,239,440 | $4,364,944 | $14,555,123 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 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 54-1522206).
Questions about RICHMOND INSTITUTE FOR VETERANS RESEARCH
- What is the EIN of RICHMOND INSTITUTE FOR VETERANS RESEARCH?
- The employer identification number (EIN) of RICHMOND INSTITUTE FOR VETERANS RESEARCH is 54-1522206.
- Is RICHMOND INSTITUTE FOR VETERANS RESEARCH tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1991.
- Are donations to RICHMOND INSTITUTE FOR VETERANS RESEARCH tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does RICHMOND INSTITUTE FOR VETERANS RESEARCH 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 RICHMOND INSTITUTE FOR VETERANS RESEARCH due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did RICHMOND INSTITUTE FOR VETERANS RESEARCH last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of RICHMOND INSTITUTE FOR VETERANS RESEARCH?
- The 990 for the year ended December 31, 2025 names SHERYL UNDERWOOD.
- Who are the officers and directors of RICHMOND INSTITUTE FOR VETERANS RESEARCH?
- The 990 for the year ended December 31, 2025 lists 13 people; 6 received compensation from the organization, the highest $148,359 (FRANKLIN ZIEVE, PRINCIPAL INVESTIGATOR).
- How much revenue does RICHMOND INSTITUTE FOR VETERANS RESEARCH have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $5,542,579, expenses of $5,072,728 and total assets of $16,648,961 at year end.
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