Institute For Innovation Inc
- Assets
- $260.3k
- Revenue
- $125.3k
- Investments
- $0.0
- Employees
- 0
- Location
- South Bend, IN
- Founding
- 12/2015
- Data as of
- 12/2023
- EIN
- 46-3754907
Organization Overview
Institute For Innovation Inc is located in South Bend, IN. The organization was established in 2015. According to its NTEE Classification (U05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Science & Technology and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Institute For Innovation 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, Institute For Innovation Inc generated $125.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (5.1%) each year. All expenses for the organization totaled $80.4k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Institute For Innovation Inc has awarded 42 individual grants totaling $338,418. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTING EDUCATIONAL AND RESEARCH ACTIVITIES TO INCREASE AWARENESS OF THE NEED FOR REFORMS AND TO DEVELOP AND SUPPORT INNOVATIVE MEANS TO IMPROVE HEALTH CARE QUALITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONDUCTING AND PROMOTING RESEARCH ACTIVITIES TO COLLECT AND ANALYZE DATA ON PATIENT EXPERIENCES AND HEALTH OUTCOMES IN THE US HEALTH CARE SYSTEM TO ASSESS WAYS TO IMPROVE QUALITY, EFFECTIVENESS, PATIENT SAFETY AND EFFICIENCY, AND TO DISSEMINATE SUCH DATA TO HEALTH CARE PROVIDERS AND RELATED ENTITIES. THIS IS CURRENTLY ACCOMPLISHED THROUGH QUARTERLY MEETINGS WITH THE FOUNDING EXECUTIVE COUNCIL TO COLLABORATE ON TOPICS RELATED TO IMPROVING OUTCOMES, SEEK FEEDBACK ON EARLY ANALYTICAL FINDINGS IN TERMS OF RELEVANCE AND USEFULNESS TO THE MARKET FOR SHARING, AND ACTING AS A CONVENER OR FACILITATOR TO OTHER RESEARCHERS INTERESTED IN FINDING COLLABORATIVE PARTNERS (E.G., INVITING ORGS TO PARTICIPATE IN INDEPENDENTLY SPONSORED RESEARCH, INVITING ORGANIZATIONS TO CONTRIBUTE INSIGHT AND INFORMATION TO EXTERNAL COLLABORATIVES SUCH AS THE HEALTHCARE TRANSFORMATION TASKFORCE).
CONDUCTING AND SPONSORING EDUCATIONAL ACTIVITIES AND KNOWLEDGE SHARING, SUCH AS LECTURES AND CONFERENCES, INVOLVING EXPERT SPEAKERS ON TOPICS RELATED TO IMPROVING HEALTH CARE QUALITY, EFFECTIVENESS AND EFFICIENCY, REDUCING COSTS , AND IMPROVING PATIENT EXPERIENCES. THIS IS CURRENTLY ACCOMPLISHED THROUGH WORK GROUP VIRTUAL MEETINGS SHARING NATIONAL FINDINGS AND COLLABORATING ON HOW TO BEST POSITION THOSE FINDINGS FOR PUBLICLY AVAILABLE RESOURCES AND CREATING CONTENT TO BE SHARED FREELY ON THE INSTITUTE'S WEBSITE TO PROMOTE IMPROVEMENT (E.G., NATIONAL FINDINGS, WHITE PAPER CASE STUDIES, ANNOTATED BIBLIOGRAPHIES).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deidre Mylod Director,executive Director | 0.2 | $0 | |
Thomas H Lee M D Director | 0.2 | $0 | |
Patrick T Ryan Director | 0.2 | $0 | |
Devin Anderson Secretary | 0.2 | $0 | |
Gregory W Freiberg Treasurer | 0.2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $125,000 |
| Interest on Savings | $281 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $125,281 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $5,408 |
| Contributions, gifts, grants paid | $75,000 |
| Total expenses and disbursements | $80,408 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $260,320 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $260,320 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Institute For Innovation Inc has awarded $75,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
ADOPT A FAMILY OF THE PALM BEACHES INC PURPOSE: TO PROVIDE HOUSING & SERVICES TO FAMILIES AND CHILDREN EXPERIENCING HOMELESSNESS | $10,000 |
TRUSTEES OF BOSTON COLLEGE PURPOSE: SUPPORT THOMAS O PYLE FELLOWSHIP IN NURSING | $50,000 |
BAND OF PARENTS PURPOSE: FUND AND SUPPORT PEDIATRIC CANCER RESEARCH | $5,000 |
BEACON HEALTH FOUNDATION PURPOSE: SUPPORT FOR PROGRAMS TO BENEFIT BEACON CHILDREN'S HOSPITAL | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ethos Inc Elkhart, IN | $6,786,662 | $1,324,252 |
North American Council For Freight Efficiency Fort Wayne, IN | $1,303,550 | $1,324,826 |
Metropolitan Unified Fiber Network Consortium Madison, WI | $1,706,552 | $1,055,585 |
Predicted Reported And Observed Outcomes Foundation Saint Louis, MO | $0 | $250,000 |
Web3 Working Group Kansas City, MO | $1,028,165 | $1,200,105 |
Innovative Pavement Research Foundation Rosemont, IL | $326,819 | $131,488 |
Institute For Innovation Inc South Bend, IN | $260,320 | $125,281 |
Concrete Nanotechnology And Nanoscience Society Milwaukee, WI | $21,033 | $0 |
Third Millennium Philosophy Of Science Institute Chicago, IL | $0 | $0 |
Clinical Research Institute Lisle, IL | $1,653 | $0 |