Boilermaker Health Innovations Inc
- Assets
- $1.0m
- Revenue
- $142.6k
- Investments
- $0.0
- Employees
- 0
- Location
- West Lafayette, IN
- Founding
- 10/2008
- Data as of
- 06/2022
- EIN
- 26-1999384
Organization Overview
Boilermaker Health Innovations Inc is located in West Lafayette, IN. The organization was established in 2008. According to its NTEE Classification (G05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Boilermaker Health Innovations Inc 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 06/2022, Boilermaker Health Innovations Inc generated $142.6k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 69.8% each year . All expenses for the organization totaled $9.0k during the year ending 06/2022. While expenses have increased by 18.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT AND OPERATE FOR THE EXCLUSIVE BENEFIT OF PURDUE RESEARCH FOUNDATION AND PURDUE UNIVERSITY TO IMPROVE HUMAN HEALTH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PRIMARY PURPOSE OF BOILERMAKER HEALTH INNOVATIONS, INC. IS TO EXPEDITE THE TRANSLATION OF INTELLECTUAL PROPERTY OF THE PURDUE RESEARCH FOUNDATION INTO COMMERCIAL MEDICAL PRODUCTS FOR BENEFIT OF MANKIND. THE ORGANIZATION IS INTENDED TO FACILITATE AND SERVE AS A BRIDGE BETWEEN PURDUE UNIVERSITY, PURDUE RESEARCH FOUNDATION AND INDUSTRY IN THE DEVELOPMENT AND REFINEMENT OF CONCEPTS, IDEAS, INVENTIONS AND DISCOVERIES ORIGINATING, IN WHOLE OR IN PART, WITHIN PURDUE, SO AS TO CREATE NEW MEDICAL DEVICES, MEDICAL APPARATUSES, PHARMACEUTICALS AND TREATMENTS WITH THE ULTIMATE GOAL OF IMPROVING HUMAN HEALTH AND WELL-BEING FOR THE PUBLIC BENEFIT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $141,473 |
| Noncash contributions included in lines 1a–1f | $15,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $141,473 |
| Total Program Service Revenue | $0 |
| Investment income | $1,168 |
| 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 | $142,641 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 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 | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $400 |
| Fees for services: Accounting | $3,155 |
| 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 | $0 |
| 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 | $3,551 |
| Insurance | $1,387 |
| All other expenses | $0 |
| Total functional expenses | $9,004 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $723,899 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $183 |
| Net Land, buildings, and equipment | $31,238 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $267,800 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,023,120 |
| Accounts payable and accrued expenses | $400 |
| 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 | $400 |
| Net assets without donor restrictions | $1,022,720 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,023,120 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Boilermaker Health Innovations Inc has recieved totaling $83,101.
| Awarding Organization | Amount |
|---|---|
Purdue Research Foundation West Lafayette, IN PURPOSE: Program Support | $83,101 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Anderson Orthopaedic Research Institute Alexandria, VA | $13,657,075 | $2,555,156 |
Mayer-Rothschild Foundation Chicago, IL | $5,435,653 | $910,729 |
Pediatric Nephrology Research Consortium Columbus, OH | $198,979 | $487,928 |
Diabetes Patient Advocacy Coalition Lexington, KY | $840,273 | $540,959 |
Tennessee Breast Cancer Coalition Inc Franklin, TN | $487,322 | $294,896 |
Pheo Alliance Wildwood, MO | $404,925 | $187,139 |
United States Cutaneous Lymphoma Consortium Nashville, TN | $540,921 | $99,933 |