Center For Healthcare Innovation
- Assets
- $235.4k
- Revenue
- $738.2k
- Investments
- $0.0
- Employees
- 2
- Location
- Chicago, IL
- Founding
- 12/2012
- Data as of
- 12/2021
- EIN
- 27-3041119
Organization Overview
Center For Healthcare Innovation is located in Chicago, IL. The organization was established in 2012. According to its NTEE Classification (E05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Health Care and related organizations. As of 12/2021, Center For Healthcare Innovation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Center For Healthcare 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 12/2021, Center For Healthcare Innovation generated $738.2k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 36.3% each year . All expenses for the organization totaled $588.3k during the year ending 12/2021. While expenses have increased by 32.0% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO BRING EXPERTS AND IDEAS FROM ALL OVER THE WORLD TO IMPROVE HEALTHCARE FOR EVERYONE, REGARDLESS OF SOCIOECONOMIC STATUS, GENDER, RACE, ETHNICITY, OR OTHER SOCIAL DETERMINANTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHRONIC DISEASES DISPROPORTIONATELY IMPACT THE MOST UNDERSERVED PATIENT GROUPS -SINCE 2012, WE CONVENED OVER 250 C- SUITE AND SENIOR EXECUTIVES FROM THE PROVIDER, PHARMA, PAYER, PATIENT AND OTHER HEALTHCARE SECTORS TO SHARE NEW IDEAS AROUND REDUCES BARRIERS TO CARE AND ADDRESSING SOCIAL DETERMINANTS OF HEALTH. AFRICAN AMERICANS REPRESENT 12 OF THE U.S. POPULATION BUT ONLY 5 OF CLINICAL TRIAL PARTICIPANTS CHI ORGANIZES AN EDUCATIONAL SYMPOSIUM FOCUSING ON DIVERSITY AND CLINICAL TRIALS SINCE 2011, AND WE BROUGHT TOGETHER OVER 700 CLINICAL TRIAL AND DIVERSITY EXPERTS TO SHARE IDEAS AND LEARN. 26 OF AMERICANS REPORTED BARRIERS THAT RESTRICT THEIR ACCESS TO CARE IN 2019, CHI CONVENED OVER 400 LEADING HEALTHCARE PROFESSIONALS, CLINICIANS, TECHNOLOGIST AND PATIENT GROUPS AT OUR SYMPOSIUM FOCUSING ON HEALTHY EQUITY AND DISPARITIES. ELIMINATING HEALTH DISPARITIES THAT AFFECT MINORITIES COULD SAVE THE U.S. ECONOMY NEARLY 230 BILLION WE COMPILED EXTENSIVE RESEARCH SURROUNDING HOW TO BETTER SERVE MINORITY PATIENTS VIA MORE CULTURALLY COMPETENT CARE, DATA ANALYTICS, AND INCREASED PATIENT ENGAGEMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph P Gaspero CEO | Officer | 40 | $98,104 |
James Gillespie President | OfficerTrustee | 10 | $15,600 |
Thomas Summerfelt Vice Preside | OfficerTrustee | 3 | $0 |
Julius Pryor III Chairman | OfficerTrustee | 3 | $0 |
Neelum Aggarwal Trustee | Trustee | 3 | $0 |
Ronald Copeland Trustee | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $66,553 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $568,825 |
| All other contributions, gifts, grants, and similar amounts not included above | $102,790 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $738,168 |
| Total Program Service Revenue | $0 |
| 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 | $738,168 |
| 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 | $288,416 |
| Pension plan accruals and contributions | $6,877 |
| Other employee benefits | $13,152 |
| Payroll taxes | $24,095 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,025 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $162,279 |
| Advertising and promotion | $52,519 |
| Office expenses | $2,331 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $7,884 |
| Travel | $35 |
| 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 | $0 |
| Insurance | $1,026 |
| All other expenses | $397 |
| Total functional expenses | $588,345 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $235,414 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $235,414 |
| Accounts payable and accrued expenses | $45,833 |
| 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 | $3,000 |
| Total liabilities | $48,833 |
| Net assets without donor restrictions | $186,581 |
| 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 | $235,414 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Center For Healthcare Innovation has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Lajck Foundation Schaumburg, IL PURPOSE: CHARITABLE | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
District Council No 3 Painters And Allied Trades Welfare Fund Kansas City, MO | $14,755,417 | $11,842,707 |
Wisconsin Health Information Organization Inc Monona, WI | $2,005,888 | $2,109,941 |
Bhc Foundation St Louis, MO | $1,118,439 | $1,942,472 |
National Center For Healthcare Leadership Chicago, IL | $2,396,977 | $2,153,807 |
Healthcare Initiatives Inc Indianapolis, IN | $22,413,997 | $2,038,647 |
National Rural Recruitment & Retention Network Inc Jefferson City, MO | $896,817 | $946,911 |
Greater Milwaukee Business Group On Health Inc Sussex, WI | $0 | $24,936 |
Center For Healthcare Innovation Chicago, IL | $235,414 | $738,168 |
Kentucky Voices For Health Inc Louisville, KY | $412,067 | $450,103 |
Employers Forum Of Indiana Inc Carmel, IN | $830,360 | $1,022,300 |
American Academy Of Development Medicine And Dentistry Prospect, KY | $529,200 | $473,200 |
Smashsmard Inc Lincolnshire, IL | $140,411 | $258,108 |