Ivi Foundation Inc
- Assets
- $2.0m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 4
- Location
- Alexandria, VA
- Founding
- 09/2019
- Data as of
- 12/2021
- EIN
- 83-2257857
Organization Overview
Ivi Foundation Inc is located in Alexandria, VA. The organization was established in 2019. According to its NTEE Classification (H05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Medical Research and related organizations. As of 12/2021, Ivi Foundation Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ivi Foundation 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 12/2021, Ivi Foundation Inc generated $1.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (11.9%) each year. All expenses for the organization totaled $2.3m during the year ending 12/2021. 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
THE FOUNDATION'S MISSION IS TO ADVANCE THE SCIENCE AND IMPROVE THE PRACTICE OF VALUE ASSESSMENT IN HEALTHCARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESEARCH PROJECTS - THE FOUNDATION DEVELOPS OPEN-SOURCE VALUE MODELS FOR SPECIFIC DISEASES AS A LABORATORY FOR DEVELOPING NEXT-GENERATION METHODS FOR VALUE ASSESSMENT.
STAKEHOLDER AND PATIENT ENGAGEMENT - THROUGH INTENTIONAL PLANNING AND PRACTICE, WE SEEK TO ENSURE PATIENTS ARE FULL PARTICIPANTS AND EQUAL PARTNERS IN OUR RESEARCH DESIGN, EXECUTION, AND EVALUATION.
MEDIA COMMUNICATIONS - THE FOUNDATION COLLABORATES WITH HEALTHCARE STAKEHOLDERS TO ENGAGE IN RESEARCH, METHODS DEVELOPMENT, AND HEALTH ECONOMIC MODELING FOCUSED ON FIVE CORE AREAS:1- DEVELOPING OPEN-SOURCE PLATFORMS FOR MEASURING VALUE2- BUILDING TOOLS TO SUPPORT DECISION MAKING3- IMPROVING THE SCIENCE OF VALUE MEASUREMENT4- CONDUCTING RESEARCH TO UNDERSTAND AND QUANTIFY PATIENT PERSPECTIVES ON VALUE5- ENGAGING RESEARCH PARTNERS FOR TRANSLATIONAL AND APPLIED USE OF OSVP MODELS
MEMBERSHIP
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Samuel Nussbaum MD President | OfficerTrustee | 1 | $0 |
Alan Balch PHD Secretary | OfficerTrustee | 1 | $0 |
Jennifer Bright Executive Director | Officer | 40 | $0 |
Gregory Daniel Director | Trustee | 1 | $0 |
Patty Fritz Director | Trustee | 1 | $0 |
Donna Cryer Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Rand Corporation Research | 12/30/21 | $233,885 |
Schmidt Public Affairs Llc Public Relations | 12/30/21 | $165,604 |
Healthcore Inc Research | 12/30/21 | $141,476 |
Momentum Health Strategies Llc Management Services | 12/30/21 | $747,083 |
National Health Council Inc Research | 12/30/21 | $180,824 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $56,405 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,532,300 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,588,705 |
| Total Program Service Revenue | $75,000 |
| Investment income | $586 |
| 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 | $1,664,291 |
| 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 | $389,043 |
| Pension plan accruals and contributions | $9,863 |
| Other employee benefits | $61,537 |
| Payroll taxes | $40,779 |
| Fees for services: Management | $696,000 |
| Fees for services: Legal | $6,778 |
| Fees for services: Accounting | $30,120 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $962,988 |
| Advertising and promotion | $0 |
| Office expenses | $38,065 |
| Information technology | $16,444 |
| Royalties | $0 |
| Occupancy | $3,000 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,526 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,371 |
| All other expenses | $0 |
| Total functional expenses | $2,258,514 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,245,029 |
| Savings and temporary cash investments | $734,684 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $56,150 |
| 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 | $3,124 |
| 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 | $2,038,987 |
| Accounts payable and accrued expenses | $29,736 |
| Grants payable | $0 |
| Deferred revenue | $50,000 |
| 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 | $79,736 |
| Net assets without donor restrictions | $1,723,701 |
| Net assets with donor restrictions | $235,550 |
| 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 | $2,038,987 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Ivi Foundation Inc has recieved totaling $265,000.
| Awarding Organization | Amount |
|---|---|
Pharmaceutical Research And Manufacturers Of America Washington, DC PURPOSE: General Contribution | $265,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Memphis Bioworks Foundation Memphis, TN | $6,047,652 | $238,794 |
Amga Foundation Inc Alexandria, VA | $2,610,879 | $2,312,164 |
Ivi Foundation Inc Alexandria, VA | $2,038,987 | $1,664,291 |
International Society For Advancement Of Cytometry Washington, DC | $2,250,621 | $1,271,377 |
Medical Technology And Practice Patterns Institute Inc Bethesda, MD | $4,682,047 | $864,770 |
Salem Research Institute Inc Salem, VA | $3,333,370 | $1,714,541 |
Galen Institute Inc Paeonian Springs, VA | $0 | $114,244 |
International Cannabinoid Research Society Winstonsalem, NC | $615,422 | $392,771 |
Accreditation For Cardiovascular Excellence Inc Midlothian, VA | $832,987 | $727,611 |
Product Quality Research Institute Inc Washington, DC | $299,261 | $208,987 |
Hudson Institute Of Mineralogy Keswick, VA | $1,570,559 | $158,766 |
International Pnh Interest Group Portsmouth, VA | $385,337 | $100,000 |