Overview
What is Boilermaker Health Innovations Inc?
Boilermaker Health Innovations Inc, situated in West Lafayette, Indiana, serves as a bridge between Purdue University and the industry. Its primary objective is to expedite the transformation of intellectual property from Purdue Research Foundation into commercial medical products, ultimately benefiting humanity. The organization's mission is to support and operate exclusively for the benefit of Purdue Research Foundation and Purdue University, aiming to improve human health and well-being by accelerating the translation of intellectual property into medical products for public benefit. This nonprofit acts as a catalyst in the development and refinement of concepts, ideas, inventions, and discoveries, ultimately leading to the creation of new medical devices, apparatuses, pharmaceuticals, and treatments.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 39% (Zero-Star out of Four Star rating)
Boilermaker Health Innovations Inc has received a low rating of 39%, indicating significant concerns regarding its accountability and financial management. The organization has no independent board members, which raises questions about governance and oversight. Although it does have some positive attributes, such as a complete audit and oversight committee and a conflict of interest policy, the lack of independent oversight is a notable weakness.
The charity's financial transparency is also called into question, as it has missing information on its website, including its financial statements and tax forms, which are critical for accountability. Additionally, the program expense ratio is recorded as 0.00%, suggesting that the organization may not be allocating funds effectively towards its stated mission.
While Boilermaker Health Innovations Inc has some established policies in place, the overall rating underscores serious deficiencies in governance and financial transparency that potential donors should consider carefully.
This AI summary has been generated from information found on Charity Navigator.
Is Boilermaker Health Innovations Inc legitimate?
Boilermaker Health Innovations Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Boilermaker Health Innovations Inc 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: $0
For more financial information, click here
What is the mission statement of Boilermaker Health Innovations Inc?
Boilermaker Health Innovations Inc's mission is to primarily facilitate the translation of intellectual property from Purdue Research Foundation into commercial medical products, benefiting the public. The organization serves as a bridge between Purdue University, Purdue Research Foundation, and industry, aiming to expedite the development and refinement of concepts, ideas, inventions, and discoveries originating within Purdue. The ultimate goal is to create new medical devices, medical apparatuses, pharmaceuticals, and treatments, with the aim of improving human health and well-being for the public benefit.
Who is the CEO of Boilermaker Health Innovations Inc?
Unavailable
What is the revenue of Boilermaker Health Innovations Inc?
Boilermaker Health Innovations Inc's revenue in 2022 was $142,641.
Who are the executives of Boilermaker Health Innovations Inc and what are their salaries?
There 1 volunteer at Boilermaker Health Innovations Inc.
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $314,608
- Other: $47,735
- Compensation: $0
- Related: $271,970
- Other: $46,069
- Compensation: $0
- Related: $329,123
- Other: $46,955
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $275,000
- Other: $0
Where can I find the form 990 for Boilermaker Health Innovations Inc?
Boilermaker Health Innovations Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Boilermaker Health Innovations Inc
Boilermaker Health Innovations Inc is an organization with a mission to support and operate for the exclusive benefit of Purdue Research Foundation and Purdue University. Their primary objective is to improve human health and well-being by expediting the translation of intellectual property into commercial medical products. This is achieved by serving as a bridge between the university, research foundation, and the industry. Boilermaker Health Innovations Inc facilitates the development and refinement of concepts, ideas, inventions, and discoveries originating within Purdue, with the aim of creating new medical devices, medical apparatuses, pharmaceuticals, and treatments. The ultimate goal of this nonprofit is to improve human health and well-being for the public benefit.
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Impact
October, 2024
Boilermaker Health Innovations Inc significantly impacts human health by acting as a vital conduit between Purdue University, the Purdue Research Foundation, and the medical industry. By facilitating the translation of innovative research and intellectual property generated within Purdue, the organization accelerates the development of new medical devices, pharmaceuticals, and treatment methodologies. This initiative fosters collaboration that transforms groundbreaking ideas into commercially viable health solutions, ultimately enhancing public well-being. The strategic focus on translating research into tangible medical products contributes to advancing healthcare, combating diseases, and improving health outcomes for individuals and communities. Through its efforts, Boilermaker Health Innovations Inc plays a crucial role in bridging the gap between scientific discovery and practical application, ensuring that innovative solutions reach those who need them most.
This information is meant to be a general summary of Boilermaker Health Innovations Inc. 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: $1,168
- Gross Receipts: $142,641
Assets and Liabilities:
- Total Assets: $1,023,120
- Total Liabilities: $400
- Net Assets: $1,022,720
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Organization Details
Founding Year
2007
Phone
(765) 588-1061Main Address
1281 Win Hentschel Blvd, West Lafayette, IN, 47906
NTEE Category
Code: G05 - Disease
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