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Education : Adult Education Programs and Services

Fogarty Institute for Innovation

Promoting medical innovation

two stars

79.95

2490 Hospital Drive Suite 310
Mountain View, CA 94040
tel: (650) 962-4560   Web Site
EIN: 11-3800306

Board Leadership
Thomas Krummel
Chairman

CEO
Andrew Cleeland
CEO

  Score
(out of 100)
Rating
Overall Score & Rating 79.95 two stars
  Financial 88.70 three stars
  Accountability & Transparency 74.00 two stars
This rating was published 07/01/2017 and includes data from FY2015, the most recent 990 received at that time.

Learn more about how we calculate the overall score and rating.

Financial

three stars

88.70

Accountability & Transparency

two stars

74.00

This rating was published 07/01/2017 and includes data from FY2015, the most recent 990 received at that time.
Overall Rating Chart
  Program Expenses
(Percent of the charity's total expenses spent on the programs
and services it delivers)
71.7%
  Administrative Expenses 16.1%
  Fundraising Expenses 12.1%
  Fundraising Efficiency $0.12
  Working Capital Ratio (years) 2.31
  Program Expenses Growth 16.9%
  Liabilities to Assets 8.5%
All data for Financial Performance Metrics calculations was provided by Fogarty Institute for Innovation on recent 990s filed with the IRS.
All data for Financial Performance Metrics calculations was provided by Fogarty Institute for Innovation on recent 990s filed with the IRS.

Highly Rated

Charity Name & State Overall Score Overall Rating
Fogarty Institute for Innovation (CA) 79.95 two stars
Investigative Reporters & Editors (MO) 90.80 four stars
Grantmakers for Education (OR) 85.74 three stars
Anita Borg Institute (CA) 92.32 four stars
Facing History and Ourselves (MA) 91.78 four stars

Compare These Charities (Highly Rated)

The Fogarty Institute for Innovation promotes medical innovation by providing support to promising innovators and researchers as they transform their creative ideas into practical solutions to improve patient care. We offer mentorship and education at every step of the process, coordinating access to intellectual, physical and financial resources to propel medical concepts from initiation to application. The Institute offers two unparalleled programs — Innovation for startups and companies eager to learn how to innovate in the medical device field, and Education for the next generation of inventors. We provide vital support in each area, ensuring new ideas can be realized to improve patient care for all.

REVENUE  
Contributions  
   Contributions, Gifts & Grants $1,929,592
   Federated Campaigns $0
   Membership Dues $0
   Fundraising Events $93,997
   Related Organizations $0
   Government Grants $126,581
Total Contributions $2,150,170
   Program Service Revenue $918,634
Total Primary Revenue $3,068,804
   Other Revenue $-7,384
TOTAL REVENUE $3,061,420
   
EXPENSES  
   Program Expenses $2,218,575
   Administrative Expenses $619,321
   Fundraising Expenses $537,837
TOTAL FUNCTIONAL EXPENSES $3,375,733
   
Payments to Affiliates $0
Excess (or Deficit) for the year $-314,313
   
Net Assets $7,639,054

Program names and associated costs are listed for the top programs as reported on the charity's most recently filed Form 990. The top programs displayed will include the largest three programs, or those programs covering at least 60% of the charity's total expenses, whichever comes first.

Program Name Amount Spent % of Program Expenses
Innovation Program $1,615,806 72.8%
Clinical Research Program $342,828 15.5%
Education Program $259,941 11.7%

Ratings History

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2015-12 07/01/2017 79.95 two stars
2014-12 09/01/2016 89.10 three stars

The data displayed on this tab is provided by the IRS in the form of Publication 78 and the Business Master File (BMF).

EIN 11-3800306
Name in IRS Master File FOGARTY INSTITUTE FOR INNOVATION
NTEE Code H92
NTEE Classification Biomedicine, Bioengineering Research
NTEE Type Medical Research
Classification Educational Organization
Subsection 501(c)(3)  (View the list of codes)
Activities
Foundation Status Organization which receives a substantial part of its support from a governmental unit or the general public   170(b)(1)(A)(vi)
Deductibility Contributions are deductible
Affiliation Independent - the organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations).
Group Name [Not Applicable]
Ruling Date November, 2007
Filing Requirement 990 (all other) or 990EZ return
Fiscal Year End December
IRS Forms 990
(provided courtesy of Foundation Center)
(Log In or Register Now to View Forms 990!)
  • December, 2015
  • December, 2014
  • December, 2013
  • December, 2012
  • December, 2011

The data displayed in this profile is provided by the IRS for free in the form of Publication 78 and the Business Master File (BMF).

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Compensation % of Expenses Paid to Title
$355,248 10.52% Ann Fyfe Chief Executive Officer

The Fogarty Institute for Innovation promotes medical innovation by providing support to promising innovators and researchers as they transform their creative ideas into practical solutions to improve patient care. We offer mentorship and education at every step of the process, coordinating access to intellectual, physical and financial resources to propel medical concepts from initiation to application. The Institute offers two unparalleled programs — Innovation for startups and companies eager to learn how to innovate in the medical device field, and Education for the next generation of inventors. We provide vital support in each area, ensuring new ideas can be realized to improve patient care for all.

Highly Rated

Charity Name & State Overall Score Overall Rating
Fogarty Institute for Innovation (CA) 79.95 two stars
Casa de Maryland (MD) 88.18 three stars
JobTrain (CA) 93.46 four stars
The Chicago Public Education Fund (IL) 94.61 four stars
Robert Toigo Foundation (CA) 88.41 three stars

Compare These Charities (Highly Rated)

This charity has an official representative registered with Charity Navigator.

Charity Contact Info

Fogarty Institute for Innovation
2490 Hospital Drive
Suite 310
Mountain View, CA 94040
tel: (650) 962-4560
EIN: 11-3800306

Visit Web Site

Board Leadership

Thomas Krummel
Chairman

CEO

Andrew Cleeland
CEO

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