2024-11-14T15:58:43+00:00 2023-12-31 440160260 Forvis Mazars LLP 1901 S Meyers Road Suite 500 Oakbrook Terrace IL 601815209 990 2023-01-01 463253782 Innovation Development Institute Inc INNO 3123748243 222 W MERCHANDISE MART PLZA 1230 CHICAGO IL 60654 STEVEN COLLENS CEO 3123748243 2024-11-14 true Nicole Fishback P01279475 6302829500 2024-11-15 2023 2024-10-15 13:58:12Z STEVEN COLLENS 222 W MERCHANDISE MART PLZA 1230 CHICAGO IL 60654 5876977 false X MATTER.HEALTH/ X 2013 IL MATTER IS A COMMUNITY WORKING TOGETHER TO HARNESS TECHNOLOGY TO ACCELERATE THE PACE OF CHANGE OF HEALTHCARE. 22 21 26 240 0 0 777474 727377 4839803 5019181 52736 130419 0 0 5670013 5876977 0 0 0 3271063 3383760 0 0 0 2409393 2843841 5680456 6227601 -10443 -350624 6495499 6539786 3307015 3397412 3188484 3142374 MATTER IS A COMMUNITY OF ENTREPRENEURS, INNOVATORS AND INDUSTRY LEADERS WORKING TOGETHER TO ACCELERATE THE PACE OF CHANGE OF HEALTHCARE. false false 4099897 5019181 THE ORGANIZATION EQUIPS, EMBOLDENS AND EMPOWERS INNOVATORS FROM ACROSS THE HEALTHCARE SPECTRUM TO HELP THEM TACKLE COMPLEX CHALLENGES. THE ORGANIZATION EQUIPS INNOVATORS WITH: A CURRICULUM PURPOSE-BUILT FOR THEIR NEEDS; MENTORS WHO HAVE BUILT HEALTHCARE BUSINESSES; AND STATE-OF-THE-ART FACILITIES DESIGNED FOR HEALTHCARE COLLABORATION. THE ORGANIZATION EMBOLDENS INNOVATORS BY PROVIDING: A CULTURE OF INNOVATION, EXPERIMENTATION AND COLLABORATION; INSPIRATIONAL KEYNOTES, FIRESIDE CHATS AND PANELS; AND A COMMUNITY OF LIKE-MINDED INDIVIDUALS. THE ORGANIZATION EMPOWERS OUR MEMBERS WITH: ACCESS TO INNOVATORS FROM ACROSS THE HEALTHCARE ECOSYSTEM; AND INNOVATIVE PROGRAMS DESIGNED TO ENHANCE COLLABORATION BETWEEN STAKEHOLDERS. THE ORGANIZATION'S MISSION IS TO ACCELERATE THE DEVELOPMENT OF TECHNOLOGIES THAT SOLVE THE RIGHT HEALTHCARE PROBLEMS IN THE RIGHT WAYS. 4099897 true true false false false false false false false true false false true true false true false false false false false false false false false false false false true false false false false false false false false false false false false false false false false false true 33 0 26 true false false false false false false false false false false false false X 22 21 false false false false false false false true true false false true true true true true true true true false IL X STEVEN COLLENS 3123748243 222 W MERCHANDISE MART CHICAGO IL 60654 Andrew Cittadine SECRETARY 0.5 X X 0 0 0 David Ormesher CHAIR OF THE BOARD (voted in 9/2023) 0.5 X X 0 0 0 Nancy Sullivan TREASURER (voted in 9/2023) 0.5 X X 0 0 0 Steven B Collens CEO 40.0 X X 530006 0 1200 David Mao Director 0.5 X 0 0 0 Edrice Simmons Director 0.5 X 0 0 0 Ellen A Rudnick Director 0.5 X 0 0 0 Eric Whitaker Director 0.5 X 0 0 0 Glen Tullman Director 0.5 X 0 0 0 James L Madara Director 0.5 X 0 0 0 Jeffery S Aronin Director 0.5 X 0 0 0 Jeffrey Kent Director 0.5 X 0 0 0 Jim Sullivan Director 0.5 X 0 0 0 Joel Farran Director 0.5 X 0 0 0 Karen Teitlebaum Director 0.5 X 0 0 0 Laura Ferris Anderson Director 0.5 X 0 0 0 Peter McNerney Director 0.5 X 0 0 0 Phil Tennant Director 0.5 X 0 0 0 Stephen N Keith Director 0.5 X 0 0 0 Steven A Gould Director 0.5 X 0 0 0 Steven Hamman Director 0.5 X 0 0 0 Suzet McKinney Director 0.5 X 0 0 0 Charlene Fan VP, Operations 40.0 X 195503 0 1200 Christopher Pagano Director, Venture Acceleration 40.0 X 201324 0 1200 Joseph Rizk Senior Vice President, Partnerships 40.0 X 408212 0 1200 Amanda Oster Technology Product Lead 40.0 X 134646 0 600 Casey Sheridan Manager, Partnerships 40.0 X 130787 0 600 Jeanetta Konstantakopoulos Senior Director, Partner Engagement 40.0 X 183688 0 2100 Kathryn Kosko Manager, Partnerships 40.0 X 122949 0 600 Samantha Stavig Senior Manager, Partnerships 40.0 X 162807 0 600 2069922 0 9300 10 false true false 0 727377 727377 PARTNERSHIPS 561499 3952803 3952803 MEMBERSHIP FEES 561499 1041367 1041367 EVENTS AND WORKSHOPS 561499 12948 12948 OTHER 561499 12063 12063 0 0 0 0 5019181 130419 130419 0 0 0 0 0 0 0 0 0 5876977 5019181 0 130419 1339845 633668 706177 0 1728939 817687 911252 113024 53454 59570 201952 95512 106440 21262 21262 28483 28483 342680 330520 12160 0 28167 28167 30964 29196 1768 146242 59466 86776 887983 848039 39944 81723 1 81722 7897 7897 572596 567031 5565 8651 -266 8917 PROGRAM EXPENSES 422742 422742 BAD DEBTS 234950 234950 PAYMENT PROCESSING 19843 0 19843 PROFESSIONAL DEVELOPMENT 9658 0 9658 0 0 0 0 6227601 4099897 2127704 0 515274 484442 724 726 1487994 1029206 0 0 0 30727 293158 5399577 4643024 1245686 756553 3215094 3320740 0 0 0 654961 6495499 6539786 534543 620223 1091510 897770 0 1050000 900000 630962 979419 3307015 3397412 X 3188484 3142374 3188484 3142374 6495499 6539786 -350624 16451 288063 0 X false true X true false X 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 886134 599193 777474 727377 2990178 4752660 4185949 4587155 4839803 5019181 23384748 0 0 0 4752660 5072083 5186348 5617277 5746558 26374926 0 516667 122500 122500 0 761667 1248139 1532734 1659275 2100337 2388865 8929350 1248139 2049401 1781775 2222837 2388865 9691017 16683909 80306 41698 14496 52736 130419 319655 0 80306 41698 14496 52736 130419 319655 0 0 0 0 0 0 0 4832966 5113781 5200844 5670013 5876977 26694581 0.6250 0.6563 0.01 0.0101 X 0 0 0 0 0 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4243440 3675916 567524 1156137 967108 189029 756553 Right-of-Use Asset - Operating Lease 654961 654961 Operating Lease Liability 979419 979419 5893428 16451 0 16451 5876977 0 0 5876977 6227601 0 0 6227601 0 0 6227601 Schedule D, Part X, Line 2 Management has evaluated their income tax positions under the guidance included in ASC 740. Based on their review, management has not identified any material uncertain tax positions to be recorded or disclosed in the financial statements. X X false false false false false false false true false Steven B Collens CEO 358006 0 172000 0 0 0 0 0 1200 0 531206 0 0 0 Joseph Rizk Senior Vice President, Partnerships 227441 0 180771 0 0 0 0 0 1200 0 409412 0 0 0 Christopher Pagano Director, Venture Acceleration 176327 0 24997 0 0 0 0 0 1200 0 202524 0 0 0 Charlene Fan VP, Operations 175000 0 20503 0 0 0 0 0 1200 0 196703 0 0 0 Jeanetta Konstantakopoulos Senior Director, Partner Engagement 162674 0 21014 0 0 0 0 0 2100 0 185788 0 0 0 Samantha Stavig Senior Manager, Partnerships 102343 0 60464 0 0 0 0 0 600 0 163407 0 0 0 Schedule J, Part I, Line 7 Non-fixed payments INCENTIVE PAY IS DETERMINED BASED ON METRICS APPROVED BY THE BOARD OF DIRECTORS. SEVERAL KPI METRICS ARE USED by the THE BOARD-APPOINTED Compensation COMMITTEE TO DETERMINE BONUSES . SOME KPI METRICS USED ARE FINANCIAL TARGETS SUCH AS NET PROFITS, AND GROWTH METRICS FOR THE ORGANIZATION. Form 990, Part VI, Line 11b Review of form 990 by governing body AFTER THE FORM 990 IS PREPARED,IT IS REVIEWED BY THE CEO, THEN REVIEWED BY THE BOARD-APPOINTED FINANCE COMMITTEE, AND FINALLY SHARED WITH THE BOARD OF DIRECTORS. Form 990, Part VI, Line 12c Conflict of interest policy THE BOARD-APPOINTED GOVERNANCE AND NOMINATING COMMITTEE (GANDN COMMITTEE) MANAGES POLICY COMPLIANCE. THE GANDN COMMITTEE SHARES THE POLICY AND REQUESTS ANNUAL CERTIFICATION AND DISCLOSURE TO EXISTING MEMBERS OF THE BOARD OF DIRECTORS. THE COMMITTEE THEN REVIEWS AND ADDRESSES ANY POTENTIAL CONFLICTS. WHEN NEW MEMBERS OF THE BOARD ARE VOTED IN DURING THE YEAR, THEY COMPLETE THE DISCLOSURE UPON JOINING THE BOARD OF DIRECTORS. Form 990, Part VI, Line 15a Process to establish compensation of top management official THE CEO'S SALARY IS DETERMINED BY THE BOARD-APPOINTED COMPENSATION COMMITTEE. THE COMPENSATION COMMITTEE MAY, AT ITS DISCRETION, ENGAGE WITH A THIRD-PARTY INDEPENDENT CONSULTANT TO PROVIDE MARKET AND BENCHMARKING INFO. THE CEO IS ALSO A BOARD MEMBER AND DOES NOT TAKE PART WHEN THE DETERMINATION OF COMPENSATION IS ON THE AGENDA. THE COMPENSATION COMMITTEE EVALUATES PERIODICALLY, BUT NO LESS THAN ONCE PER YEAR,THE PERFORMANCE OF THE CEO. Form 990, Part VI, Line 15b Process to establish compensation of other employees COMPENSATION FOR OTHER KEY EMPLOYEES IS DETERMINED BY THE CEO. THE BOARD-APPOINTED FINANCE COMMITTEE REVIEWS AND APPROVES THE STAFFING BUDGET EACH YEAR FOR THE ENTIRE ORGANIZATION. Form 990, Part VI, Line 19 Required documents available to the public THE DOCUMENTS ARE AVAILABLE UPON REQUEST.