Hfii Corporation

Organization Overview

Hfii Corporation, operating under the name Henry Ford Innovation Institute, is located in Detroit, MI. The organization was established in 2012. According to its NTEE Classification (H92) the organization is classified as: Biomedicine & Bioengineering Research, under the broad grouping of Medical Research and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Henry Ford Innovation Institute 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 12/2021, Henry Ford Innovation Institute generated $10.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (31.9%) each year. All expenses for the organization totaled $28.8k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (30.8%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE MISSION OF THE HENRY FORD INNOVATION INSTITUTE (HFII) IS TO ENHANCE PATIENT CARE AND RESEARCH, TRAINING, AND COMMERCIALIZATION OPPORTUNITIES WITHIN HENRY FORD HEALTH THROUGH INNOVATION AND CREATIVE IDEATION.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PERFORMED SCIENTIFIC RESEARCH FOR PUBLIC BENEFIT THROUGH NOVEL TREATMENTS, CURES AND BETTER WAYS TO PROVIDE MEDICAL CARE. THESE RESULTS WILL BE PUBLISHED IN FORMS THAT ARE ASSESSABLE TO THE INTERESTED PUBLIC IN A NONDISCRIMINATORY FASHION.


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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$10,263
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$10,263
Total Program Service Revenue$0
Investment income $0
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $10,263

Endowment Analysis

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