Nonprofit · EIN 32-0358709
INNOVATIONS IN HEALTHCARE INC
Tax-exempt · DURHAM, NC 27705
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $884,855 | $849,344 | $35,511 | $679,607 | $43,649 | $635,958 |
| June 30, 2024 | 990 | $733,707 | $930,944 | -$197,237 | $607,723 | $7,276 | $600,447 |
| June 30, 2023 | 990 (amended) | $1,356,330 | $1,183,657 | $172,673 | $892,184 | $94,500 | $797,684 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $260,713
- Program service revenue
- $624,142
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $237,340
- Salaries, compensation and benefits (total)
- $237,340
- Professional fundraising fees
- $0
- Legal fees
- $3,208
- Occupancy
- $79,717
- Travel
- $128,329
- Program services (functional)
- $610,634
- Management and general (functional)
- $212,452
- Fundraising (functional)
- $26,258
Balance sheet and other
- Total assets, start of year
- $607,723
- Total assets, end of year
- $679,607
- Total liabilities, end of year
- $43,649
- Net assets, end of year
- $635,958
- Gross receipts
- $884,855
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2011
- State of legal domicile
- NC
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| CHRIS BEYRER | DIRECTOR Trustee or director | 0.1 | $0 | $555,919 | $78,713 |
| MARK MCCLELLAN | DIRECTOR Trustee or director | 0.1 | $0 | $505,395 | $66,041 |
| SUSANNA NAGGIE | DIRECTOR Trustee or director | 0.1 | $0 | $395,896 | $66,467 |
| KRISHNAKUMAR UDAYAKUMAR | DIRECTOR/PRESIDENT Trustee or director, Officer | 0.1 | $0 | $363,104 | $42,072 |
| LISA VARANI | FORMER OFFICER Former | 0 | $0 | $276,460 | $57,664 |
| LISA BOURGET | VICE PRESIDENT/SECRETARY Officer | 0.1 | $0 | $230,085 | $42,485 |
| KATHRYN THORNSVARD | TREASURER Officer | 0.1 | $0 | $172,360 | $37,270 |
| SHYAM BISHEN | DIRECTOR Trustee or director | 0.1 | $0 | $0 | $0 |
| VICTOR J DZAU | DIRECTOR Trustee or director | 0.1 | $0 | $0 | $0 |
| NICOLAUS HENKE | DIRECTOR Trustee or director | 0.1 | $0 | $0 | $0 |
990 for the year ended June 30, 2024: 10 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| CHRIS BEYRER | DIRECTOR Trustee or director | 0.1 | $0 | $535,952 | $33,573 |
| MARK MCCLELLAN | DIRECTOR Trustee or director | 0.1 | $0 | $485,077 | $63,737 |
| SUSANNA NAGGIE | DIRECTOR Trustee or director | 0.1 | $0 | $369,585 | $62,537 |
| KRISHNAKUMAR UDAYAKUMAR | DIRECTOR/PRESIDENT Trustee or director, Officer | 0.1 | $0 | $340,689 | $57,488 |
| KATHRYN THORNSVARD | TREASURER Officer | 0.1 | $0 | $294,054 | $50,949 |
| LISA VARANI | FORMER OFFICER Former | 0 | $0 | $257,635 | $66,135 |
| LISA BOURGET | VICE PRESIDENT/SECRETARY Officer | 0.1 | $0 | $222,772 | $40,774 |
| SHYAM BISHEN | DIRECTOR Trustee or director | 0.1 | $0 | $0 | $0 |
| VICTOR J DZAU | DIRECTOR Trustee or director | 0.1 | $0 | $0 | $0 |
| NICOLAUS HENKE | DIRECTOR Trustee or director | 0.1 | $0 | $0 | $0 |
990 for the year ended June 30, 2023: 11 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| MARK MCCLELLAN | DIRECTOR Trustee or director | 0.1 | $0 | $460,355 | $59,264 |
| KRISHNAKUMAR UDAYAKUMAR | DIRECTOR/PRESIDENT Trustee or director, Officer | 0.1 | $0 | $324,493 | $54,896 |
| SUSANNA NAGGIE | DIRECTOR Trustee or director | 0.1 | $0 | $283,547 | $56,632 |
| LISA VARANI | PART YEAR TREASURER Officer | 0.1 | $0 | $258,180 | $64,995 |
| CHRIS BEYRER | DIRECTOR Trustee or director | 0.1 | $0 | $281,488 | $5,522 |
| LISA BOURGET | VICE PRESIDENT/PART YEAR SECRETARY Officer | 0.1 | $0 | $215,798 | $39,066 |
| TERRI SMITH | PART YEAR SECRETARY Officer | 0 | $0 | $90,778 | $16,727 |
| KATIE THORNSVARD | PART YEAR TREASURER Officer | 0.1 | $0 | $67,182 | $10,578 |
| VICTOR J DZAU | DIRECTOR Trustee or director | 0.1 | $0 | $0 | $0 |
| NICOLAUS HENKE | DIRECTOR Trustee or director | 0.1 | $0 | $0 | $0 |
| SHYAM BISHEN | DIRECTOR Trustee or director | 0.1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 2200 W MAIN ST STE 300, DURHAM, NC 27705-4677
- In care of
- % DAVID G SINGLETON
- Principal officer (990 for 2024)
- KRISHNAKUMAR UDAYAKUMAR, 310 TRENT DRIVE, DURHAM, NC 27710
- Signed the 990
- KRISHNAKUMAR UDAYAKUMAR, PRESIDENT
- Phone
- (919) 684-2006
Mission
PROMOTE GLOBAL ACCESS TO COST-EFFECTIVE AND HIGH-QUALITY HEALTHCARE. FACILITATE AND ENCOURAGE THE BROAD AND PROMPT DISSEMINATION OF DATA AND INFORMATION RELATING TO INNOVATIVE HEALTHCARE SOLUTIONS AROUND THE WORLD.
Program accomplishments
- EXPANDED A NETWORK OF TOP GLOBAL INNOVATORS IN HEALTHCARE AND BUILT PROGRAMS FOR SHARING EXPERTISE AND FACILITATING CONNECTIONS AND COLLABORATIONS. ORGANIZED AND HOSTED ANNUAL FORUM (CONFERENCE), BRINGING TOGETHER CORPORATE AND GLOBAL HEALTH LEADERS, INVESTORS, AND LEADING INNOVATORS TO FACILITATE KEY CONNECTIONS. DEVELOPED AND DISSEMINATED KNOWLEDGE, INCLUDING PROFILES AND CASE STUDIES OF INNOVATIVE HEALTHCARE DELIVERY MODELS WORLDWIDE.Expenses $610,634 · revenue $624,142
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 32-0358709
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization, Type I
- Donations deductible (Pub 78)
- Supporting organization, 50% limit
- Exempt since
- 2013
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B014)
- Assets (IRS master file)
- $679,607
- Income (IRS master file)
- $884,855
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $884,855 | $849,344 | $679,607 | IRS |
| 990 | June 2024 | $733,707 | $930,944 | $607,723 | IRS |
| 990 | June 2023 | $1,356,330 | $1,183,657 | $892,184 | XML |
| 990 | June 2022 | $1,138,318 | $988,705 | $948,602 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 32-0358709).
Questions about INNOVATIONS IN HEALTHCARE INC
- What is the EIN of INNOVATIONS IN HEALTHCARE INC?
- The employer identification number (EIN) of INNOVATIONS IN HEALTHCARE INC is 32-0358709.
- Is INNOVATIONS IN HEALTHCARE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2013.
- Are donations to INNOVATIONS IN HEALTHCARE INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization, 50% limit).
- Which annual return does INNOVATIONS IN HEALTHCARE INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of INNOVATIONS IN HEALTHCARE INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did INNOVATIONS IN HEALTHCARE INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of INNOVATIONS IN HEALTHCARE INC?
- The 990 for the year ended June 30, 2025 names KRISHNAKUMAR UDAYAKUMAR.
- Who are the officers and directors of INNOVATIONS IN HEALTHCARE INC?
- The 990 for the year ended June 30, 2025 lists 10 people; 0 received compensation from the organization.
- How much revenue does INNOVATIONS IN HEALTHCARE INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $884,855, expenses of $849,344 and total assets of $679,607 at year end.
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