Overview
What is Ivi Foundation Inc?
Ivi Foundation Inc, located in Alexandria, Virginia, is a nonprofit organization with a primary focus on value assessment in healthcare. Their activities involve developing open-source value models for specific diseases, serving as a laboratory for innovating next-generation methods in this field. The foundation's mission is to advance the science and enhance the practice of value assessment, aiming to create a platform that supports thorough and rigorous patient-centered evaluations of health technologies, catering to the unique needs and perspectives of individual decision-makers. With a staff of seven individuals, Ivi Foundation Inc is dedicated to improving healthcare outcomes and patient experiences through evidence-based decision-making.
Official website here: www.ivifoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92% (Four-Star out of Four Stars)
The Ivi Foundation Inc has achieved a commendable Four-Star rating from Charity Navigator, reflecting a strong commitment to accountability and financial health. The overall score is primarily driven by its high marks in various aspects of accountability, including a fully independent board and transparent financial practices. The organization has notably maintained a low liabilities to assets ratio of 12.25%, which indicates sound financial management.
Strengths of the Ivi Foundation include a high program expense ratio of 86.25% and exceptional fundraising efficiency, with costs as low as $0.02 per dollar raised. These metrics suggest that the foundation is effectively directing its resources towards its mission and minimizing operational costs. The foundation also provides transparency through its financial statements and ensures that board meeting minutes are documented and accessible.
However, there are areas for improvement, particularly in governance policies. The absence of a whistleblower policy and a document retention and destruction policy are notable gaps that could potentially affect accountability. Addressing these issues would enhance the foundation's overall governance framework, further solidifying its reputation as a responsible nonprofit organization.
This AI summary has been generated from information found on Charity Navigator.
Is Ivi Foundation Inc legitimate?
Ivi Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ivi Foundation 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: $143,631
Professional Fundraising Fees: $0
Other Salaries and Wages: $627,167
For more financial information, click here
Official website here: www.ivifoundation.org
What is the mission statement of Ivi Foundation Inc?
The Ivi Foundation Inc's mission is centered around advancing the field of value assessment in healthcare. The organization seeks to enhance the practice by building a platform that encourages rigorous, patient-centered assessments of health technologies. This platform is designed to cater to the unique needs and interests of individual decision-makers. The Foundation also engages in research projects, developing open-source value models for specific diseases as a means to innovate and refine methods for value assessment.
Official website here: www.ivifoundation.org
Who is the CEO of Ivi Foundation Inc?
Jason Spangler is the Director of Ivi Foundation Inc. The CEO's salary of Ivi Foundation Inc is $140,802 and their total compensation is $143,631.
Official website here: www.ivifoundation.org
What is the revenue of Ivi Foundation Inc?
Ivi Foundation Inc's revenue in 2022 was $2,485,033.
Official website here: www.ivifoundation.org
Who are the executives of Ivi Foundation Inc and what are their salaries?
The average compensation at Ivi Foundation Inc during 2022 was $110,114. There are 7 employees and 24 volunteers at Ivi Foundation Inc.
Here are 18 key members and their salaries (Ivi Foundation Inc's CEO's salary is $140,802 and their total compensation is $143,631):
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- Compensation: $140,802
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- Compensation: $120,080
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- Other: $4,198
Official website here: www.ivifoundation.org
Where can I find the form 990 for Ivi Foundation Inc?
Ivi Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ivifoundation.org
Learn more at the official website: www.ivifoundation.org
Mission Statement of Ivi Foundation Inc
Ivi Foundation Inc is committed to advancing the science and enhancing the practice of value assessment in healthcare. The organization's primary goal is to establish a platform that enables robust and rigorous patient-centered value assessments of health technologies. This platform is designed to cater to the unique needs and interests of various decision-makers.
To achieve this mission, Ivi Foundation Inc embarks on research projects, focusing on developing open-source value models for specific diseases. These projects serve as a laboratory for refining the next-generation methods for value assessment. By investing in such projects, Ivi Foundation Inc aims to contribute significantly to the healthcare sector, ultimately improving the overall quality of care for patients.
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Impact
July, 2024
Ivi Foundation Inc's impact lies in advancing the science and improving the practice of value assessment in healthcare. Through research projects focused on developing open-source value models for specific diseases, the foundation serves as a laboratory for creating next-generation methods for value assessment. Located in Alexandria, VA, Ivi Foundation Inc's mission is to build a platform that enables rigorous and patient-centered value assessment of health technologies, customized to individual decision makers' needs and interests. Their work in medical research helps drive progress in understanding the value of healthcare interventions, ultimately contributing to improved patient outcomes and informed decision-making.
This information is meant to be a general summary of Ivi Foundation 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: $1,008
- Program Service Revenue: $85,200
- Gross Receipts: $2,485,033
Assets and Liabilities:
- Total Assets: $1,961,316
- Total Liabilities: $327,071
- Net Assets: $1,634,245
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Program grants
Revenue
$85,200
Organization Details
Founding Year
2019
Phone
(763) 370-2941Principal Officer
Jason Spangler
Main Address
917 Prince Street, Alexandria, VA, 22314
Website
www.ivifoundation.orgNTEE Category
Code: H05 - Medical research
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