Advancium Health Network Inc

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

EIN: 872622250 ✦ New york, NY ✦ Designated as a 501(c)(3)

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Overview

What is Advancium Health Network Inc?

Advancium Health Network Inc is a mission-driven charitable organization headquartered in New York City. This nonprofit is committed to overcoming obstacles in healthcare by integrating the proficiency of for-profit leaders with the altruistic intentions of a non-profit entity. Advancium Health Network leverages support from partners, industry experts, and charitable contributors to address some of healthcare's most complex challenges and unresolved issues across various sectors, including early-stage innovation, pediatrics, and rare diseases. Their ultimate goal is to contribute positively to human health. With a small workforce of just two individuals, this organization strives to make a significant impact in the healthcare industry.


Official website here: www.advanciumhealth.org

Is Advancium Health Network Inc legitimate?

Advancium Health Network Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Advancium Health Network 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: $313,229
Professional Fundraising Fees: $0
Other Salaries and Wages: $190,694

For more financial information, click here


Official website here: www.advanciumhealth.org

What is the mission statement of Advancium Health Network Inc?

Advancium Health Network Inc is a mission-driven charitable organization dedicated to eliminating barriers in healthcare. They achieve this by combining the expertise of for-profit leadership with non-profit motivations. Through the support of partners, industry experts, and charitable donors, Advancium Health Network tackles healthcare's most challenging gaps and unmet needs across various sectors, including early-stage innovation, pediatrics, and rare diseases. The organization is committed to making a positive impact on human health.


Official website here: www.advanciumhealth.org

Who is the CEO of Advancium Health Network Inc?

Mark Veich is the Director & Treasurer of Advancium Health Network Inc.


Official website here: www.advanciumhealth.org

What is the revenue of Advancium Health Network Inc?

Advancium Health Network Inc's revenue in 2022 was $3,430,074.


Official website here: www.advanciumhealth.org

Who are the executives of Advancium Health Network Inc and what are their salaries?

The average compensation at Advancium Health Network Inc during 2022 was $251,962. There are 2 employees and 6 volunteers at Advancium Health Network Inc.


Here are 8 key members and their salaries:


Jeffrey Kaplan (Director & Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Laurie Zephyrin (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mark Veich (Director & President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michele Cleary (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Olivier Elmento (Director & Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ron Mitchell (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Shawn Davis (Svp & Coo)
  • Compensation: $301,059
  • Related: $0
  • Other: $12,172
Constance Williams (Director Of Cure Innovation Lab)
  • Compensation: $183,763
  • Related: $0
  • Other: $9,606


Official website here: www.advanciumhealth.org

Where can I find the form 990 for Advancium Health Network Inc?

Advancium Health Network Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.advanciumhealth.org

Learn more at the official website: www.advanciumhealth.org

Mission Statement of Advancium Health Network Inc

Advancium Health Network, a mission-driven charitable organization, is committed to eliminating barriers in healthcare. It achieves this goal by leveraging the expertise of for-profit leadership and infusing it with non-profit motivations. This unique approach allows Advancium Health Network to tackle some of the most challenging gaps and unmet needs in the healthcare industry, from early-stage innovation to pediatrics and rare diseases. The organization's mission is to have a positive impact on human health, and it does so by collaborating with partners, industry experts, and charitable donors. Advancium Health Network's work is focused on addressing healthcare's most pressing issues, aiming to improve overall health outcomes for individuals across various sectors of the industry.

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Impact




July, 2024

Advancium Health Network Inc's impact is centered around improving health, accelerating innovation, and promoting human equity through the creation and incubation of new technologies and solutions designed to fulfill unmet medical needs, with a particular focus on pediatrics. Their work involves advancing medical research and developing innovative solutions that aim to address critical healthcare challenges, ultimately contributing to the betterment of global healthcare outcomes.




This information is meant to be a general summary of Advancium Health Network 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.

Revenue
$3,430,074 (2022)
20212022$0$900k$1.8M$2.7M$3.6M
Expenses
$3,086,977 (2022)
20212022$0$800k$1.6M$2.4M$3.2M
Efficiency
202120220%3%6%9%12%15%

Other financial information:

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

  • Investment Income: $74
  • Gross Receipts: $3,430,074

Assets and Liabilities:

  • Total Assets: $417,585
  • Total Liabilities: $87,517
  • Net Assets: $330,068

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Organization Details

Founding Year

2021

Principal Officer

Mark Veich

Main Address

345 PARK AVENUE SOUTH, NEW YORK, NY, 10010

NTEE Category

Code: H99 - Medical research

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