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Foundation For The New England Innovation Center

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 822337450 ✦ Providence, RI ✦ Designated as a 501(c)(3)

Overview

What is Foundation For The New England Innovation Center?

The Foundation for the New England Innovation Center, situated in Providence, Rhode Island, serves as a hub for medical technology entrepreneurship. Established through a partnership involving Lifespan Health System, Ximedica, and the Rhode Island School of Design, this nonprofit organization aims to foster collaboration among innovators, entrepreneurs, organizations, clinicians, small and medium enterprises, funders, and knowledge bases. Their mission is to propel medical technologies towards market readiness, ultimately benefiting the patients they serve, while simultaneously inspiring innovators to envision the future of our healthcare system. They offer education and mentoring to Rhode Island-based startup companies and individuals interested in entrepreneurship.


Official website here: www.nemicenter.com

Is Foundation For The New England Innovation Center legitimate?

Foundation For The New England Innovation Center is a legitimate nonprofit organization registered as a 501(c)(3) entity. Foundation For The New England Innovation Center submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.nemicenter.com

What is the mission statement of Foundation For The New England Innovation Center?

The Foundation for the New England Innovation Center serves as a not-for-profit hub for medical technology innovation. It was established through a partnership between Lifespan Health System, Ximedica, and the Rhode Island School of Design. The center's primary focus is to bring together innovators, entrepreneurs, organizations, clinicians, subject matter experts, funders, and knowledge bases. Their goal is to advance medical technologies to the market, thereby benefiting the patients they serve. Additionally, the center aims to inspire innovators to envision the future of our healthcare system.


Official website here: www.nemicenter.com

Who is the CEO of Foundation For The New England Innovation Center?

Lydia Schroter is the President of Foundation For The New England Innovation Center.


Official website here: www.nemicenter.com

What is the revenue of Foundation For The New England Innovation Center?

Foundation For The New England Innovation Center's revenue in 2023 was $683,922.


Official website here: www.nemicenter.com

Who are the executives of Foundation For The New England Innovation Center and what are their salaries?

Here are 5 key members and their salaries:

    Aidan Petrie (President) [Trustee/Director]
  • Compensation: $0
  • Related: $43,269
  • Other: $106,731

    • Lydia Schroter (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $43,269
  • Other: $106,731

    • Ann Chumults (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mike Pereira (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Hope Hopkins (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.nemicenter.com

    Where can I find the form 990 for Foundation For The New England Innovation Center?

    The Foundation For The New England Innovation Center’s most recent form 990 was submitted in 2023 and can be accessed here


    Official website here: www.nemicenter.com

    Learn more at the official website: www.nemicenter.com

    Mission Statement of Foundation For The New England Innovation Center

    The Foundation for the New England Innovation Center, a not-for-profit organization, serves as a hub for medical innovation. Established through a collaboration between LifeSpan Health System, Ximedica, and the Rhode Island School of Design, this center aims to bring together innovators, entrepreneurs, organizations, clinicians, subject matter experts, funders, and knowledge bases. Their primary goal is to advance medical technologies to market, ultimately benefiting the patients they serve. By fostering collaboration, this center inspires innovators to envision the future of our healthcare system.

    Impact

    This information is meant to be a general summary of Foundation For The New England Innovation Center. Please take the time to review official sources before making any decisions based upon the content provided here.




    Wednesday, July 24, 2024

    The Foundation For The New England Innovation Center, through its New England Medical Innovation Center, plays a crucial role in advancing medical technologies to market and bringing value to patients. By bringing together innovators, entrepreneurs, clinicians, organizations, funders, and knowledge bases, the center inspires the future of the healthcare system. Additionally, they provide entrepreneurship education and mentoring to Rhode Island-based startup companies, fostering innovation and growth in the medical technology sector.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $0
  • Program Service Revenue: $302,953
  • Gross Receipts: $683,922

    • Assets and Liabilities:
  • Total Assets: $50,176
  • Total Liabilities: $50,105
  • Net Assets: $71
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    GLOBAL BOOT CAMP

    Revenue

    $269,734

    ENTREPRENEURSHIP EDUCA

    Revenue

    $33,219

    Organization Details

    Founding Year

    2017

    Principal Officer

    Lydia Schroter

    Main Address

    150 CHESTNUT STREET, PROVIDENCE, RI, 02903

    NTEE Category

    Code: E03 - Health

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