Innovation Development Institute Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 463253782 ✦ Chicago, IL ✦ Designated as a 501(c)(3)

Overview

What is Innovation Development Institute Inc?

Innovation Development Institute Inc, located in Chicago, Illinois, is a nonprofit organization that supports and empowers innovators in the healthcare sector. Through purpose-built curriculums, mentorship from experienced professionals, and state-of-the-art collaboration facilities, the institute equips innovators with the necessary tools to tackle complex healthcare challenges. It fosters a culture of innovation, experimentation, and collaboration, offering inspirational events and a supportive community. The institute also provides its members with access to a diverse network of healthcare innovators and innovative programs designed to enhance collaboration among stakeholders, thereby accelerating the development of solutions for pressing healthcare issues.


Official website here: www.matter.health/

Is Innovation Development Institute Inc legitimate?

Innovation Development Institute Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Innovation Development Institute 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.

Here are some key statistics you may want to consider:

Executive Compensation: $1,164,591
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,794,479

For more financial information, click here


Official website here: www.matter.health/

What is the mission statement of Innovation Development Institute Inc?

The Innovation Development Institute Inc, through its initiative MATTER, functions as a community dedicated to utilizing technology to expedite healthcare advancements. Their mission is to empower innovators in the healthcare sector, providing them with resources necessary to tackle complex challenges. This includes a tailored curriculum, mentorship from successful healthcare entrepreneurs, and state-of-the-art collaboration facilities. The Institute fosters an innovative culture, offers inspirational talks, and connects innovators within its community. By granting access to various healthcare stakeholders and offering collaborative programs, the organization aims to accelerate the development of technologies that effectively address healthcare issues.


Official website here: www.matter.health/

Who is the CEO of Innovation Development Institute Inc?

Steven Collens is the Ceo of Innovation Development Institute Inc. The CEO's salary of Innovation Development Institute Inc is $488,924 and their total compensation is $490,281.


Official website here: www.matter.health/

What is the revenue of Innovation Development Institute Inc?

Innovation Development Institute Inc's revenue in 2022 was $5,670,013.


Official website here: www.matter.health/

Who are the executives of Innovation Development Institute Inc and what are their salaries?

The average compensation at Innovation Development Institute Inc during 2022 was $102,037. There are 29 employees and 140 volunteers at Innovation Development Institute Inc.

Here are 34 key members and their salaries (Innovation Development Institute Inc's CEO's salary is $488,924 and their total compensation is $490,281):

    Steven B Collens (Ceo) [Trustee/Director]
  • Compensation: $488,924
  • Related: $0
  • Other: $1,357

    • Joseph Rizk (Senior Vice President, Partner)
  • Compensation: $321,909
  • Related: $0
  • Other: $1,357

    • Christopher Pagano (Director, Venture Acceleration)
  • Compensation: $179,296
  • Related: $0
  • Other: $10,157

    • Charlene Fan (Chief Of Staff)
  • Compensation: $154,760
  • Related: $0
  • Other: $6,831

    • Jeanetta Konstantakopoulos (Senior Director, Partner Engag)
  • Compensation: $157,511
  • Related: $0
  • Other: $757

    • Peter Strandquist-End 102022 (Senior Director, Operations)
  • Compensation: $137,407
  • Related: $0
  • Other: $11,140

    • Samantha Stavig (Senior Manager, Partnerships)
  • Compensation: $142,212
  • Related: $0
  • Other: $6,226

    • Sabrina Rahman-End 82022 (Director, Corporate Innovation)
  • Compensation: $133,634
  • Related: $0
  • Other: $905

    • Kathryn Kosko (Manager, Partnerships)
  • Compensation: $115,787
  • Related: $0
  • Other: $6,150

    • Jeffery S Aronin (Chair Of The Board) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • David Ormesher (Vice Chair Of The Board) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Andrew Cittadine (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Steven A Gould (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Nancy Sullivan (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Laura Ferris Anderson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Joel Farran-Start 92022 (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Steve Hamman (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Stephen N Keith (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jeffrey Kent-Start 62022 (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • James L Madara (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • David Mao-Start 92022 (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Suzet Mckinney (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Peter Mcnerney (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • James O'Connor-End 92022 (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Ellen A Rudnick (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kevin Schoeplein-End 92022 (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Edrice Simmons-Start 122022 (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jeffrey Stewart -End 122022 (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jim Sullivan (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Karen Teitlebaum-Start 92022 (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Glen Tullman (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Marilyn Vetter-End 62022 (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Eric Whitaker (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Casey Sheridan (Manager, Partnerships)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.matter.health/

    Where can I find the form 990 for Innovation Development Institute Inc?

    The Innovation Development Institute Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.matter.health/

    Learn more at the official website: www.matter.health/

    Mission Statement of Innovation Development Institute Inc

    Innovation Development Institute Inc, known as MATTER, is a community dedicated to harnessing technology to accelerate the pace of change in healthcare. The organization's mission is to equip, embolden, and empower innovators across the healthcare spectrum. They achieve this by providing a curriculum tailored to their needs, mentors who have built successful healthcare businesses, and state-of-the-art facilities designed for healthcare collaboration.

    Matter fosters a culture of innovation, experimentation, and collaboration amongst its members. They offer inspirational keynotes, fireside chats, and panels to further embolden innovators. Moreover, Matter provides a community of like-minded individuals, offering access to innovators from across the healthcare ecosystem. The organization's programming is designed to enhance collaboration between stakeholders, ultimately empowering its members.

    In essence, Matter's mission is to accelerate the development of technologies that solve healthcare challenges effectively and innovatively. They facilitate this by bringing together entrepreneurs, innovators, and industry leaders, offering them the tools, mentorship, and environment necessary to thrive in the rapidly evolving healthcare landscape.

    Impact

    This information is meant to be a general summary of Innovation Development Institute Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




    Saturday, July 20, 2024

    Innovation Development Institute Inc, operating under the name MATTER, is making a significant impact by fostering a community of innovators focused on accelerating the pace of change in healthcare. By equipping, emboldening, and empowering innovators from various healthcare sectors, MATTER is facilitating the development of technologies that address complex challenges in the healthcare industry. Through a tailored curriculum, mentorship from experienced healthcare professionals, and cutting-edge facilities designed for collaboration, MATTER is providing a platform for innovators to thrive.

    Furthermore, by cultivating a culture of innovation, experimentation, and collaboration, MATTER is inspiring and empowering its members to push boundaries and drive positive change in healthcare. By facilitating connections and collaboration between stakeholders in the healthcare ecosystem, MATTER is playing a vital role in enhancing innovation and problem-solving within the industry.

    Overall, MATTER's impact can be seen in its efforts to accelerate the development of technologies that effectively address healthcare challenges, ultimately contributing to positive changes in the healthcare sector.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $52,736
  • Program Service Revenue: $4,839,803
  • Gross Receipts: $5,670,013

    • Assets and Liabilities:
  • Total Assets: $6,495,499
  • Total Liabilities: $3,307,015
  • Net Assets: $3,188,484
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    PARTNERSHIPS

    Revenue

    $3,712,383

    MEMBERSHIP FEES

    Revenue

    $1,022,212

    EVENTS AND WORKSHOPS

    Revenue

    $105,208

    Organization Details

    Founding Year

    2013

    Principal Officer

    Steven Collens

    Main Address

    222 W MERCHANDISE MART PLZA 1230, CHICAGO, IL, 60654

    NTEE Category

    Code: Z99 - Unknown

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