Ivi Foundation Inc
- Assets
- $1.5m
- Revenue
- $2.9m
- Investments
- $203.0
- Employees
- 11
- Location
- Alexandria, VA
- Founding
- 09/2019
- Data as of
- 12/2023
- EIN
- 83-2257857
Organization Overview
Ivi Foundation Inc is located in Alexandria, VA. The organization was established in 2019. According to its NTEE Classification (H05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Medical Research and related organizations. As of 12/2023, Ivi Foundation Inc employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ivi Foundation 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, Ivi Foundation Inc generated $2.9m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $3.2m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION'S MISSION IS TO ADVANCE THE SCIENCE AND IMPROVE THE PRACTICE OF VALUE ASSESSMENT IN HEALTHCARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESEARCH PROJECTS - THE FOUNDATION DEVELOPS OPEN-SOURCE VALUE MODELS FOR SPECIFIC DISEASES AS A LABORATORY FOR DEVELOPING NEXT-GENERATION METHODS FOR VALUE ASSESSMENT.
MEMBERSHIPS
STAKEHOLDER AND PATIENT ENGAGEMENT - THROUGH INTENTIONAL PLANNING AND PRACTICE, WE SEEK TO ENSURE PATIENTS ARE FULL PARTICIPANTS AND EQUAL PARTNERS IN OUR RESEARCH DESIGN, EXECUTION, AND EVALUATION.
MEDIA COMMUNICATIONS - THE FOUNDATION COLLABORATES WITH HEALTHCARE STAKEHOLDERS TO ENGAGE IN RESEARCH, METHODS DEVELOPMENT, AND HEALTH ECONOMIC MODELING FOCUSED ON FIVE CORE AREAS:1- DEVELOPING OPEN-SOURCE PLATFORMS FOR MEASURING VALUE2- BUILDING TOOLS TO SUPPORT DECISION MAKING3- IMPROVING THE SCIENCE OF VALUE MEASUREMENT4- CONDUCTING RESEARCH TO UNDERSTAND AND QUANTIFY PATIENT PERSPECTIVES ON VALUE5- ENGAGING RESEARCH PARTNERS FOR TRANSLATIONAL AND APPLIED USE OF OSVP MODELS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Banta MBA Bs Director | Trustee | 1 | $0 |
Alan Balch PHD Director | Trustee | 1 | $0 |
Harold Carter Pharmd Director | Trustee | 1 | $0 |
Gregory Daniel PHD Past President | OfficerTrustee | 1 | $0 |
Michael Thompson President | OfficerTrustee | 1 | $0 |
Neil Weissman Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Momentum Health Strategies Llc Management Services | 12/30/23 | $407,650 |
Medicus Economics Llc Consulting Services | 12/30/23 | $234,948 |
Pharmerit International Lp Research | 12/30/23 | $113,665 |
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 | $2,751,026 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,751,026 |
| Total Program Service Revenue | $115,450 |
| Investment income | $17,194 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $6,560 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,890,230 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $15,000 |
| Grants and other assistance to domestic individuals. | $50,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $352,667 |
| Compensation of current officers, directors, key employees. | $48,843 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $810,292 |
| Pension plan accruals and contributions | $23,936 |
| Other employee benefits | $225,703 |
| Payroll taxes | $89,962 |
| Fees for services: Management | $300,518 |
| Fees for services: Legal | $400 |
| Fees for services: Accounting | $41,866 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,121,576 |
| Advertising and promotion | $0 |
| Office expenses | $11,920 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,500 |
| Travel | $111,276 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,260 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,250 |
| All other expenses | $0 |
| Total functional expenses | $3,196,223 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,286,442 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $212,880 |
| 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 | $14,282 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $203 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,513,807 |
| Accounts payable and accrued expenses | $112,406 |
| Grants payable | $0 |
| Deferred revenue | $73,149 |
| 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 | $185,555 |
| Net assets without donor restrictions | $791,669 |
| Net assets with donor restrictions | $536,583 |
| 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 | $1,513,807 |