The Institute For Technology In Health Care
- Assets
- $26.7m
- Revenue
- $1.4m
- Investments
- $22.6m
- Employees
- 0
- Location
- Washington, DC
- Founding
- 09/1984
- Data as of
- 12/2023
- EIN
- 52-1292049
Organization Overview
The Institute For Technology In Health Care is located in Washington, DC. The organization was established in 1984. According to its NTEE Classification (E31) the organization is classified as: Group Health Practices, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Institute For Technology In Health Care 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 Technology In Health Care generated $1.4m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 52.1% each year . All expenses for the organization totaled $1.8m during the year ending 12/2023. While expenses have increased by 31.3% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Institute For Technology In Health Care has awarded 58 individual grants totaling $3,283,863. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William R Ayers MD President, Treasurer | 2 | $0 | |
Guy Hammer Vice-President | 2 | $0 | |
Jacqueline Schick Exec. Director, Secretary | 2 | $0 | |
Ana Lucia Vallardes Galvez Director | 2 | $0 | |
John H Diamond Director | 2 | $0 | |
J Desiree Pineda Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $597,929 |
| Interest on Savings | $190,306 |
| Dividends & Interest | $459,873 |
| Net Rental Income | $78,747 |
| Net Gain on Sale of Assets | $5,180 |
| Capital Gain Net Income | $4,780 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,413,418 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $28,094 |
| Depreciation | $46,254 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $1,418 |
| Printing and publications | $0 |
| Other expenses | $163,187 |
| Total operating and administrative expenses | $271,843 |
| Contributions, gifts, grants paid | $1,478,770 |
| Total expenses and disbursements | $1,750,613 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $128 |
| Savings and temporary cash investments | $1,078,181 |
| 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 | $1,173 |
| Net Investments - land, buildings, equipment | $2,959,740 |
| Investments—mortgage loans | $0 |
| Investments—other | $3,065,871 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $50,779 |
| Total assets | $26,731,023 |
| 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 | $3,782 |
| Total liabilities | $3,782 |
Grants Awarded
Over the last fiscal year, The Institute For Technology In Health Care has awarded $1,478,770 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
ESCUELA AGRICOLA PAN-AMERICANA INC (ZAMORANO UNIVERSITY) PURPOSE: NUTRITION EDUCATION AT DIFFERENT LEVELS: BASIC TO POSTGRADUATE, AS A STRATEGY TO IMPROVE THE HEALTH OF PEOPLE OF THE EAP ZAMORANO AND NEARBY COMMUNITIES, HONDURAS 2023 | $54,000 |
FRIENDS OF BARNABAS FOUNDATION PURPOSE: 3RD YEAR SUBSCRIPTION BACKPACK EMR | $3,200 |
CROSSROADS4HOPE PURPOSE: MYGO2SUPPORT "PREVIVOR" TRACK AND TRANSLATIONS | $15,000 |
IDSA EDUCATION AND RESEARCH FOUNDATION PURPOSE: UPGRADE IDSA GUIDELINES APPLICATION | $50,000 |
LINDQUIST DENTAL CLINIC FOR CHILDREN PURPOSE: DENTAL CARE SERVICES TECHNOLOGY IMPROVEMENTS | $4,800 |
MAGIC TOOTH BUS PURPOSE: TRAIN THE TRAINERS LEARNING PORTAL | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dentistry Vcu Richmond, VA | $26,058,535 | $19,002,359 |
University Of Maryland Radiation Oncology Associates P A Baltimore, MD | $7,174,429 | $17,536,152 |
Maryland General Clinical Practice Group Inc Baltimore, MD | $5,910,622 | $9,353,077 |
University Of Maryland Oncology Baltimore, MD | $3,174,565 | $5,582,044 |
Virginia Primary Care Assn Inc Henrico, VA | $6,313,896 | $6,822,022 |
University Of Maryland Dermatologists P A Baltimore, MD | $735,120 | $3,726,226 |
Friends Of Guest House Inc Alexandria, VA | $2,435,545 | $2,428,969 |
Garrett County Lighthouse Inc Oakland, MD | $2,623,093 | $1,577,034 |
The Institute For Technology In Health Care Washington, DC | $26,731,023 | $1,413,418 |
Chesapeake Medical Group Inc Kilmarnock, VA | $0 | $374,225 |
Virginia Medical Group Management Assosciation Sandston, VA | $218,721 | $230,623 |
National Council On Interpreting In Health Care Washington, DC | $206,167 | $0 |