Nova Institute For Health Inc
- Assets
- $12.1m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 7
- Location
- Baltimore, MD
- Founding
- 06/2005
- Data as of
- 12/2023
- EIN
- 20-1799284
Organization Overview
Nova Institute For Health Inc, operating under the name Formerly The Institute For Integrative Health Inc, is located in Baltimore, MD. The organization was established in 2005. According to its NTEE Classification (E99) the organization is classified as: Health Care N.E.C., under the broad grouping of Health Care and related organizations. As of 12/2023, Formerly The Institute For Integrative Health Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Formerly The Institute For Integrative Health Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Formerly The Institute For Integrative Health Inc generated $2.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (12.7%) each year. All expenses for the organization totaled $2.9m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Formerly The Institute For Integrative Health Inc has awarded 13 individual grants totaling $877,534. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
DEMONSTRATION PROJECTS: PART OF OUR WORK IS TO EXPLORE, DEVELOP, AND TEST NEW MODELS AND APPROACHES FOR HEALTH AND HEALING. THESE INCLUDE SCALABLE, REPLICABLE DEMONSTRATION PROJECTS THAT ARE BASED ON RIGOROUS RESEARCH AND HAVE REAL-LIFE IMPACT. THEY HAVE INCLUDED HELPING YOUTH IN VULNERABLE COMMUNITIES LEARN ABOUT WELLNESS AND NUTRITION, DEVELOPING CULINARY MEDICINE CURRICULUM FOR MEDICAL STUDENTS, HELPING VETERANS AND HOSPITALIZED MILITARY SUFFERING FROM TRAUMA, AND RE-ENVISIONING PRIMARY CARE TO MAXIMIZE ITS CAPACITY TO RECOGNIZE AND ADDRESS THE MYRIAD FACTORS THAT INFLUENCE A PERSONS HEALTH.
COMMUNICATION AND OUTREACH: WE RECOGNIZE THE IMPORTANCE OF GETTING SCIENCE AND EVIDENCE-BASED INFORMATION TO MANY DIFFERENT AUDIENCES IN UNDERSTANDABLE AND ENGAGING FORMATS. WE WORK TO ENSURE OUR INNOVATIVE RESEARCH AND IDEAS REACH NATIONAL AND GLOBAL AUDIENCES AND CAN INSPIRE CHANGE THROUGH BETTER APPROACHES, PARTNERSHIPS AND POLICIES.
CONVENE FORUMS/TRAIN PROFESSIONALS: THE INSTITUTE CONVENES FORUMS TO FACILITATE THE EXCHANGE OF IDEAS, CONNECT THE DOTS ACROSS DISCIPLINES, ADVANCE SCIENCE, AND INSPIRE CREATIVITY AND IMAGINATION. FORUMS BRING TOGETHER ECLECTIC GROUPS THAT MAY INCLUDE SCIENTISTS, CONVENTIONAL AND INTEGRATIVE PRACTIONERS, COMMUNITY LEADERS, FUNDERS, ADVOCATES, AND POLICYMAKERS TO ENGAGE IN OPEN DIALOGUE, SHARING OF EXPERTISE, PROBLEMS FACED, AND SOLUTIONS SOUGHT. THE INSTITUTES TRAINING PROGRAMS ENABLE HEALTH PROFESSIONALS TO GAIN CAREER ENHANCING SKILLS AND KNOWLEDGE THAT ADVANCE AN INTEGRATIVE APPROACH TO HEALTH AND WELL-BEING.
SCHOLARS/FELLOWS PROGRAM: THE INSTITUTE SUPPORTS A NETWORK OF SCHOLARS AND FELLOWS THAT WORKS ACROSS DISCIPLINES TO INVESTIGATE CRITICAL QUESTIONS, SPARK FRESH THINKING AND NEW IDEAS, AND DISCOVER CUTTING-EDGE SOLUTIONS. THE INSTITUTE PROVIDES SUPPORT FOR RESEARCH AND PROJECTS UNLIKELY TO ATTRACT FUNDING FROM CONVENTIONAL SOURCES, AND PROVIDES FREEDOM AND RESOURCES TO TAKE THEIR WORK IN NEW, PIONEERING DIRECTIONS RELATED TO HEALTH AND WELL-BEING. THE INSTITUTE ALSO MENTORS AND SUPPORTS TALENTED YOUNG INNOVATORS WHO HAVE THE COURAGE TO PURSUE UNCHARTED COURSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian M Berman MD President/chairman | OfficerTrustee | 32 | $578,299 |
Susan H Berman Exec Dir/secy/treas | OfficerTrustee | 40 | $213,684 |
Kenneth Pelletier Director | Trustee | 2 | $0 |
Donald W Phillips Director | Trustee | 2 | $0 |
Pete Succoso Director | Trustee | 2 | $0 |
Rick Scott Chief Operating Officer | Officer | 40 | $207,532 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,273,786 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,273,786 |
| Total Program Service Revenue | $1,690 |
| Investment income | $153,795 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $25,293 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,454,564 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $202,338 |
| Grants and other assistance to domestic individuals. | $448,120 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,162,032 |
| Compensation of current officers, directors, key employees. | $150,736 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $372,658 |
| Pension plan accruals and contributions | $28,548 |
| Other employee benefits | $22,880 |
| Payroll taxes | $72,531 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $998 |
| Fees for services: Accounting | $15,578 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $17,142 |
| Fees for services: Other | $117,390 |
| Advertising and promotion | $0 |
| Office expenses | $53,679 |
| Information technology | $32,901 |
| Royalties | $0 |
| Occupancy | $119,476 |
| Travel | $19,836 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $33,606 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $79,813 |
| Insurance | $9,024 |
| All other expenses | $16,043 |
| Total functional expenses | $2,865,971 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $181,796 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $90,976 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $29,687 |
| Net Land, buildings, and equipment | $217,580 |
| Investments—publicly traded securities | $4,336,609 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,206,769 |
| Total assets | $12,063,417 |
| Accounts payable and accrued expenses | $98,827 |
| Grants payable | $627,314 |
| Deferred revenue | $15,000 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $741,141 |
| Net assets without donor restrictions | $11,038,498 |
| Net assets with donor restrictions | $283,778 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $12,063,417 |
Grants Awarded
Over the last fiscal year, Nova Institute For Health Inc has awarded $202,338 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
THOMAS JEFFERSON UNIVERSITY PURPOSE: SCHOLARS | $23,561 |
EARTHRISE RESEARCH CONSULTING PURPOSE: SCHOLARS | $85,000 |
UNIVERSITY OF MARYLAND BALTIMORE PURPOSE: SCHOLARS | $93,777 |