Overview
What is Fogarty Institute For Innovation?
The Fogarty Institute for Innovation, located in Mountain View, California, is a leading 501(c)(3) non-profit organization dedicated to supporting medical innovation that benefits patients. For decades, the United States has been home to a pre-eminent medical innovation ecosystem, and the Fogarty Institute plays a crucial role in this system. They identify innovations with significant potential for patient benefit and provide various forms of support to help these innovators bring their ideas to fruition. The Institute's offerings include direct mentoring by experts, access to El Camino Hospital physicians and facilities, laboratory/engineering space, financial aid, and access to a network of functional experts. The Fogarty Institute's lab space focuses on developing medical technologies for a range of conditions, such as maternal and infant health, cardiovascular disease, and diagnostic tools. Their mission is to improve patient well-being by fostering new ways to treat illnesses and educating and mentoring medical innovators. The organization currently employs around 35 individuals.
Official website here: www.fogartyinstitute.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 85%, Three-Star out of Four Star rating
The Fogarty Institute For Innovation has received a solid Three-Star rating from Charity Navigator, indicating a strong performance in various operational aspects. With an impressive Culture & Community score of 98 and a perfect Leadership & Adaptability score of 100, the organization demonstrates a commitment to creating a positive environment and effectively adapting to challenges. Their accountability measures, including a high percentage of independent board members and robust policy disclosures, further enhance their credibility.
Financially, the organization shows a Program Expense Ratio of 77.50%, reflecting a significant portion of funds directed towards their programs. Their fundraising efficiency is commendable, with only $0.03 spent to raise each dollar, indicating effective fundraising practices. Additionally, the Working Capital Ratio of 2.49 years suggests a stable financial position, allowing for operational sustainability.
However, while the organization scores well in accountability and finance, potential donors should consider the overall effectiveness of their programs in relation to the costs incurred. While there are no reported material diversions of assets, continued vigilance in maintaining operational efficiency and program impact will be essential for the Fogarty Institute to build upon its existing strengths.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Fogarty Institute For Innovation?
100% of the five reviewers on Facebook recommend the Fogarty Institute For Innovation. Here is a summary of their reviews:
Reviewers express a highly positive sentiment towards the organization, with comments emphasizing the quality of services offered. The overall impression is that the nonprofit is effectively meeting its mission and making a substantial impact in its field.
The succinct feedback indicates that supporters feel confident about the work being done and appreciate the innovation fostered by the Fogarty Institute. Overall, the responses reflect a strong endorsement of the nonprofit’s activities and commitment to making a difference.
This AI summary has been generated from reviews found on Facebook.
Is Fogarty Institute For Innovation legitimate?
Fogarty Institute For Innovation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fogarty Institute For Innovation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,803,793
For more financial information, click here
Official website here: www.fogartyinstitute.org
What is the mission statement of Fogarty Institute For Innovation?
The Fogarty Institute for Innovation is committed to finding new ways to treat illnesses and enhance patient well-being through the practical application of innovative ideas. The institute's mission is to identify innovations with significant patient benefit potential and support their development. Selected innovators receive mentoring from experts, access to valuable information, laboratory and engineering space, financial aid, and access to the institute's network of functional experts. The institute's lab space focuses on the development of medical technologies addressing various conditions, including maternal and infant health and cardiovascular disease. The Fogarty Institute for Innovation aims to contribute to the medical innovation ecosystem by supporting groundbreaking treatments and improving patient lives.
Official website here: www.fogartyinstitute.org
Who is the CEO of Fogarty Institute For Innovation?
Andrew Cleeland is the Ceo of Fogarty Institute For Innovation. The CEO's salary of Fogarty Institute For Innovation is $299,526 and their total compensation is $336,417.
Official website here: www.fogartyinstitute.org
What is the revenue of Fogarty Institute For Innovation?
Fogarty Institute For Innovation's revenue in 2022 was $12,603,959.
Official website here: www.fogartyinstitute.org
Who are the executives of Fogarty Institute For Innovation and what are their salaries?
The average compensation at Fogarty Institute For Innovation during 2022 was $108,680. There are 35 employees and 100 volunteers at Fogarty Institute For Innovation.
Here are 16 key members and their salaries (Fogarty Institute For Innovation's CEO's salary is $299,526 and their total compensation is $336,417):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $299,526
- Related: $0
- Other: $36,891
- Compensation: $302,589
- Related: $0
- Other: $55,997
- Compensation: $319,207
- Related: $0
- Other: $48,826
- Compensation: $296,429
- Related: $0
- Other: $42,370
- Compensation: $317,475
- Related: $0
- Other: $36,875
- Compensation: $274,752
- Related: $0
- Other: $28,413
- Compensation: $254,765
- Related: $0
- Other: $68,254
Official website here: www.fogartyinstitute.org
Where can I find the form 990 for Fogarty Institute For Innovation?
Fogarty Institute For Innovation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.fogartyinstitute.org
Learn more at the official website: www.fogartyinstitute.org
Mission Statement of Fogarty Institute For Innovation
The Fogarty Institute for Innovation is a distinguished 501(c)(3) non-profit organization dedicated to enhancing patient well-being by discovering new ways to treat diseases through the practical application of innovative ideas and mentoring emerging medical innovators. For decades, the United States has reaped the benefits of its preeminent medical innovation ecosystem, which has provided cutting-edge treatment options for the nation's citizens, fueled the economy by generating small businesses and jobs, and signified a significant and critical component of the nation's overall global technological leadership.
To contribute to this thriving medical innovation ecosystem, the Fogarty Institute for Innovation focuses on identifying groundbreaking innovations that hold exceptional potential to benefit patients. The Institute's flagship Innovation Support Program receives applications from an extensive candidate pool, consisting of physicians, students, engineers, and entrepreneurs. Among these applicants, those with the most promising innovations are selected, and the Institute offers extensive support to help these innovators bring their inventions to patients.
This assistance includes direct mentoring by experienced mentors, valuable insights from El Camino Hospital physicians and facilities, access to laboratory and engineering space, financial aid, and entrance to the Institute's extensive network of functional experts. The Institute's lab space is dedicated to the development of medical technologies addressing a spectrum of conditions, such as maternal and infant health, cardiovascular disease, and various diagnostic tools. By fostering innovation and supporting the growth of medical pioneers, the Fogarty Institute for Innovation continues to make a substantial impact on the lives of countless patients.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
The Fogarty Institute for Innovation plays a pivotal role in advancing medical innovation aimed at enhancing patient care and well-being. By fostering a robust ecosystem of creativity and support, the Institute empowers a diverse group of innovators—including physicians, students, engineers, and entrepreneurs—to bring their groundbreaking ideas to fruition.
Through its flagship Innovation Support Program, the Institute meticulously identifies high-potential innovations that promise significant patient benefits. Selected innovators gain access to a range of critical resources, including expert mentoring, collaboration opportunities with physicians from El Camino Hospital, laboratory and engineering space, financial support, and a wide network of functional experts.
This comprehensive support system not only accelerates the development of medical technologies addressing pressing health concerns—such as maternal and infant health, cardiovascular disease, and innovative diagnostic tools—but also stimulates entrepreneurial activity, contributing to economic growth and job creation.
The Fogarty Institute for Innovation is thus instrumental in ensuring that cutting-edge treatment options continue to emerge, bolstering the United States' position as a leader in medical advancements on a global scale.
This information is meant to be a general summary of Fogarty Institute For Innovation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $45,007
- Program Service Revenue: $1,571,138
- Gross Receipts: $12,603,959
Assets and Liabilities:
- Total Assets: $26,940,908
- Total Liabilities: $12,196,466
- Net Assets: $14,744,442
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CIR ACCESS FEE
Revenue
$763,648
SPONSORED ACCESS FEE
Revenue
$748,917
REGISTRATION FEE
Revenue
$58,573
Organization Details
Founding Year
2006
Phone
(650) 962-4560Principal Officer
Andrew Cleeland
Main Address
2495 HOSPITAL DRIVE 300, MOUNTAIN VIEW, CA, 94040
Website
www.fogartyinstitute.orgNTEE Category
Code: H92 - Medical research
If you are a representative of Fogarty Institute For Innovation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.