Overview
What is Hfii Corporation?
Hfii Corporation, operating under the name Henry Ford Innovation Institute (HFII), is a nonprofit entity based in Detroit, Michigan. Its mission is to enhance patient care and research, training, and commercialization opportunities within Henry Ford Health System (HF Health) through innovation and creative ideation. HFII serves as a resource for HF Health innovators, providing them with technological opportunity assessment, prototype design services, and educational programs in the fields of translational medicine and entrepreneurship. The institution's primary goal is to use innovation to improve healthcare and the patient experience, operating as an independent scientific research and educational entity with a flexible and rapid approach.
Official website here: www.henryfordinnovation.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 77% (Three-Star out of Four Star rating)
Hfii Corporation has received a 77% rating from Charity Navigator, which translates to a Three-Star rating. This score is based solely on the Accountability & Finance beacon, indicating a focus on transparency and responsible management of financial resources. The high score in this area suggests that the organization maintains a solid commitment to accountability and has effective financial practices in place.
The organization demonstrates strong fiscal responsibility, with a perfect program expense ratio of 100%, meaning all reported expenses went directly towards programs. Additionally, it scored full points for key governance policies, including conflict of interest and whistleblower protections, as well as maintaining proper documentation of board meeting minutes. These factors highlight the organization's proactive approach to ethical governance and accountability.
While the rating reflects a high level of accountability, it is noteworthy that the overall score is derived from only one aspect. Prospective donors and stakeholders may want to explore further details about the organization's program effectiveness and impact in the community, as these elements are not assessed in this rating.
This AI summary has been generated from information found on Charity Navigator.
Is Hfii Corporation legitimate?
Hfii Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hfii Corporation 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
Official website here: www.henryfordinnovation.com
What is the mission statement of Hfii Corporation?
The Henry Ford Innovation Institute (HFII), established by Henry Ford Health System, aims to enhance patient care and research, as well as provide opportunities for training, commercialization, and innovative ideation within Henry Ford Health. Serving as a physical and virtual resource, HFII offers access to various intellectual asset-related resources and programs, such as technological opportunity assessments, design services for prototypes, seminars showcasing opportunities, and educational offerings in translational medicine and the entrepreneurial arts. HFII's operating philosophy is straightforward: using innovation to improve healthcare and the patient experience. Organized as an independent scientific research and educational entity, HFII operates flexibly and rapidly to foster innovation in healthcare.
Official website here: www.henryfordinnovation.com
Who is the CEO of Hfii Corporation?
Robin Damschroder is the Trustee -Chair of Hfii Corporation.
Official website here: www.henryfordinnovation.com
What is the revenue of Hfii Corporation?
Hfii Corporation's revenue in 2022 was $2,898.
Official website here: www.henryfordinnovation.com
Who are the executives of Hfii Corporation and what are their salaries?
Here are 10 key members and their salaries:
- Compensation: $0
- Related: $2,993,892
- Other: $58,060
- Compensation: $0
- Related: $2,718,752
- Other: $61,455
- Compensation: $0
- Related: $1,113,900
- Other: $63,006
- Compensation: $0
- Related: $655,928
- Other: $7,798
- Compensation: $0
- Related: $1,676,555
- Other: $295,526
- Compensation: $0
- Related: $513,463
- Other: $37,513
- Compensation: $0
- Related: $1,660,930
- Other: $60,398
- Compensation: $0
- Related: $212,050
- Other: $14,110
- Compensation: $0
- Related: $166,393
- Other: $37,457
- Compensation: $0
- Related: $1,314,538
- Other: $28,099
Official website here: www.henryfordinnovation.com
Where can I find the form 990 for Hfii Corporation?
Hfii Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.henryfordinnovation.com
Learn more at the official website: www.henryfordinnovation.com
Mission Statement of Hfii Corporation
The Henry Ford Innovation Institute (HFII), established by Henry Ford Health System, is dedicated to enhancing patient care and research, as well as providing opportunities for training and commercialization within Henry Ford Health. As a physical and virtual resource, HFII offers a variety of intellectual asset-related resources and programs to innovators within Henry Ford Health. These resources include technological opportunity assessments, design services for prototypes, seminars highlighting potential opportunities, programs aimed at developing specific medical products, and broad educational offerings in the realms of translational medicine and the entrepreneurial arts. HFII's operating philosophy is straightforward: to utilize innovation to improve healthcare and the patient experience. Operating as an independent scientific research and educational entity, HFII is able to operate flexibly and swiftly in its mission to drive innovation and improve healthcare services.
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Impact
August, 2024
Hfii Corporation, under the Henry Ford Innovation Institute (HFII), is dedicated to enhancing patient care and research, training, and commercialization opportunities within the healthcare sector through innovation and creative ideation. By conducting scientific research for public benefit, Hfii Corporation contributes to the development of novel treatments, cures, and improved medical care practices. Through published results that are accessible to the public in a non-discriminatory manner, Hfii Corporation actively engages in advancing the field of medical research and healthcare delivery. Its mission reflects a commitment to innovation that serves as a vital resource for Henry Ford Health, providing innovators with access to intellectual asset-related resources and programs to drive progress in medical technology, translational medicine, and the entrepreneurial arts. Hfii Corporation's operating philosophy revolves around using innovation to enhance healthcare and the overall patient experience, positioning it as a key player in the realm of medical research and advancement.
This information is meant to be a general summary of Hfii Corporation. 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.
- Gross Receipts: $2,898
Assets and Liabilities:
- Total Assets: $2,969
- Total Liabilities: $0
- Net Assets: $2,969
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Organization Details
Founding Year
2012
Phone
(313) 876-8714Principal Officer
Robin Damschroder
Main Address
ONE FORD PLACE SUITE 5F, DETROIT, MI, 48202
Website
www.henryfordinnovation.comNTEE Category
Code: H92 - Medical research
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