Institute For Pediatric Innovation
- Assets
- $8.9k
- Revenue
- $14.1k
- Investments
- $2.0k
- Employees
- 4
- Location
- Bonita Springs, FL
- Founding
- 09/2006
- Data as of
- 12/2019
- EIN
- 22-3932931
Organization Overview
Institute For Pediatric Innovation is located in Bonita Springs, FL. The organization was established in 2006. According to its NTEE Classification (H98) the organization is classified as: Pediatrics Research, under the broad grouping of Medical Research and related organizations. As of 12/2018, Institute For Pediatric Innovation employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Institute For Pediatric Innovation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2019, Institute For Pediatric Innovation generated $14.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (53.5%) each year. All expenses for the organization totaled $20.7k during the year ending 12/2019. As we would expect to see with falling revenues, expenses have declined by (48.0%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2019
Describe the Organization's Mission:
Part 3 - Line 1
TO ORGANIZE AND USE A NETWORK OF PEDIATRIC CLINICIANS, ALONG WITH OTHERS WHO CAN HELP GUIDE AND SUPPORT PRODUCT DEVELOPMENT, TO DEVELOP INNOVATIVE WAYS TO OVERCOME THE BARRIERS TO GETTING IMPORTANT PRODUCTS DEVELOPED TO ADDRESS UNMET NEEDS IN PEDIATRIC MEDICINE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONSORTIUM ACTIVITIES:IPI HAS ORGANIZED A PEDIATRIC HOSPITAL CONSORTIUM TO HELP SUPPORT ITSINNOVATION MISSION AND DEVELOPMENT OF NEEDED DEVICES AND DRUGREFORMULATIONS DESIGNED SPECIFICALLY FOR TREATING CHILDREN. THECONSORTIUM'S CURRENT FOCUS IS ON DEVELOPING TECHNOLOGIES NEEDED TOADDRESS THE PERFORMANCE IMPROVEMENT MANDATES THAT HEALTHCARE PAYORSSUCH AS MEDICAID AND PRIVATE INSURERS INCREASINGLY DEMAND. MEMBERS OFTHE CONSORTIUM CONTRIBUTE THE VALUED INSIGHTS OF CLINICIANS ANDADMINISTRATORS. CONSORTIUM MEMBERS BENEFIT BY PARTICIPATING IN FUNDEDPRODUCT DEVELOPMENT PROGRAMS, RECEIVING REVENUE-SHARING REWARDS FROMPRODUCTS BROUGHT TO MARKET, GAINING PUBLIC VISIBILITY FOR LEADERSHIP ONTHIS ISSUE, PLAYING A SIGNIFICANT ROLE IN SETTING IPI PRIORITIES, ANDTAKING THE LEAD IN SHAPING THE DESIGN OF PEDIATRIC PRODUCTS. THERESULTING NEW DEVICES AND DRUG REFORMULATIONS WILL IMPROVE CHILDREN'SHEALTH WHILE BENEFITTING THE CLINICIANS AND INSTITUTIONS THAT USE THEMAND THE COMMERCIAL ENTERPRISES THAT PROVIDE THEM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen Evangelista Ceo, President | Officer | 40 | $0 |
Bj Bormann Director | Trustee | 1 | $0 |
Anthony Atala Director | Trustee | 1 | $0 |
Paola Alvarez-Malo Director | Trustee | 1 | $0 |
Owen Aurelio Director | Trustee | 1 | $0 |
Bob Anacone Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,097 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,097 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $6,400 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $11,928 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $422 |
| Insurance | $1,974 |
| All other expenses | $0 |
| Total functional expenses | $20,724 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,382 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,500 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,975 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,857 |
| Accounts payable and accrued expenses | $191,944 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $191,944 |
| Net assets without donor restrictions | -$183,087 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | -$183,087 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Institute For Pediatric Innovation has recieved totaling $8,500.
| Awarding Organization | Amount |
|---|---|
Pharmaceutical Research And Manufacturers Of America Washington, DC PURPOSE: General Contribution | $8,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Sudden Infant Death Syndrome Institute Inc Naples, FL | $3,751,163 | $1,013,847 |
National Black Child Development Institute Inc Dacula, GA | $100,640 | $371,848 |
Reaching Out Foundation Inc Stone Mountain, GA | $647,961 | $81,511 |
Stryker Strong Hoover, AL | $4,632 | $48,304 |
Institute For Pediatric Innovation Bonita Springs, FL | $8,857 | $14,097 |