Finances

PAVIR’s had a successful fiscal year. As of September 30, 14, PAVIR’s revenue increased by 5.7% compared to the previous fiscal year.

(see Statement of Activities, page 4, most recent report of independent auditors and financial statements).
Our total revenue for this time period amounted to $24.3Mil, our total expenses to $24.3Mil.

PAVIR’s revenues stem mostly from project specific funding based on the high quality research proposals submitted by the researchers in our research community.

This table summarizes the statement of functional expenses as submitted to the IRS on PAVIR’s “Return of Organization Exempt from Income Tax Form 990.”

 Statement of Functional Expenses Total Program Management
Compensation fo current officers and key employees $448,074 $0 $448,074
Other salaries and wages $10,504,114 $9,134,326 $1,369,788
Pension Plans, other employee benefits, and payroll taxes $2,454,926 $2,061,958 $392,968
Legal fees $62,925 $478 $62,447
Accounting fees $85,700 $0 $85,700
Other fees $2,201,564 $1,776,163 $425,401
Office Expenses $73,433 $60,637 $12,796
Information Technology $655,222 $310,474 $344,748
Travel $325,919 $313,840 $12,079
Conferences, conventions, and meetings $239,547 $207,585 $31,962
Depreciation $227,531 $220,981 $6,550
Insurance $38,189 $0 $38,189
Research Material Costs $3,106,032 $3,103,689 $2,343
Other Personnel Costs $1,709,950 $1,539,164 $170,786
Subrecipients $1,580,255 $1,580,255 $0
Equipment Rental & Maintenance $414,653 $406,937 $7,716
Other $181,621 $170,290 $11,331
Total $24,309,655 $20,886,777 $3,422,878
* As of September 2014, PAVIR had no fundraising expenses