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Education : Adult Education Programs and Services

Fogarty Institute for Innovation

Promoting medical innovation

two stars

79.74

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 79.74 two stars
  Financial 75.59 two stars
  Accountability & Transparency 85.00 three stars
This rating was published 07/01/2019 and includes data from FY2017, the most recent 990 received at that time.

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.

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.

Impact Information

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Financial

two stars

75.59

Accountability & Transparency

three stars

85.00

This rating was published 07/01/2019 and includes data from FY2017, 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)
64.0%
  Administrative Expenses 20.3%
  Fundraising Expenses 15.5%
  Fundraising Efficiency $0.23
  Working Capital Ratio (years) 3.47
  Program Expenses Growth 3.6%
  Liabilities to Assets 4.7%
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) 79.74 two stars
Public Education Foundation (TN) 87.43 three stars
Second Chance (MD) 88.81 three stars
Great Lakes Women's Business Council (MI) 87.70 three stars
On the Move (CA) 88.81 three stars

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REVENUE  
Contributions  
   Contributions, Gifts & Grants $1,235,290
   Federated Campaigns $0
   Membership Dues $0
   Fundraising Events $237,921
   Related Organizations $0
   Government Grants $0
Total Contributions $1,473,211
   Program Service Revenue $502,292
Total Primary Revenue $1,975,503
   Other Revenue $5,152
TOTAL REVENUE $1,980,655
   
EXPENSES  
   Program Expenses $1,656,801
   Administrative Expenses $440,709
   Fundraising Expenses $372,590
TOTAL FUNCTIONAL EXPENSES $2,470,100
   
Payments to Affiliates $0
Excess (or Deficit) for the year $-489,445
   
Net Assets $9,975,539

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 $1,256,599 75.8%
Education Program $400,202 24.2%

Ratings History

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2017-12 07/01/2019 79.74 two stars
2016-12 12/01/2018 82.23 three stars
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, 2017
  • December, 2016
  • December, 2015
  • December, 2014
  • December, 2013
Compensation % of Expenses Paid to Title
$306,731 12.41% Andrew Cleeland CEO, Director
Other Salaries of Note
$9,375 0.37% Thomas M. Krummel Chairman

Highly Rated

Charity Name & State Overall Score Overall Rating
Fogarty Institute for Innovation (CA) 79.74 two stars
PowerMyLearning (NY) 94.28 four stars
Getting Out and Staying Out (NY) 91.27 four stars
Cleveland Leadership Center (OH) 85.66 three stars
Summit Academy OIC (MN) 90.19 four stars

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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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