Nonprofit · EIN 46-3253782
INNOVATION DEVELOPMENT INSTITUTE INC
Tax-exempt · CHICAGO, IL 60654
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $6,110,724 | $6,113,697 | -$2,973 | $5,638,025 | $1,899,687 | $3,738,338 |
| December 31, 2023 | 990 | $5,876,977 | $6,227,601 | -$350,624 | $6,539,786 | $3,397,412 | $3,142,374 |
| December 31, 2022 | 990 (amended) | $5,662,507 | $5,590,607 | $71,900 | $7,916,485 | $4,439,938 | $3,476,547 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $584,866
- of which government grants
- $584,866
- Program service revenue
- $5,299,955
- Investment income
- $120,228
- Other revenue
- $105,675
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $1,426,334
- Other salaries and wages
- $1,562,978
- Salaries, compensation and benefits (total)
- $3,313,427
- Professional fundraising fees
- $0
- Legal fees
- $165,658
- Accounting fees
- $114,033
- Occupancy
- $732,156
- Travel
- $78,384
- Depreciation
- $537,954
- Program services (functional)
- $3,720,842
- Management and general (functional)
- $2,392,855
Balance sheet and other
- Total assets, start of year
- $6,539,786
- Total assets, end of year
- $5,638,025
- Total liabilities, end of year
- $1,899,687
- Net assets, end of year
- $3,738,338
- Land, buildings and equipment
- $425,968
- Publicly traded securities
- $1,686,188
- Net assets without donor restrictions
- $3,738,338
- Gross receipts
- $6,110,724
- Employees
- 25
- Volunteers
- 129
- Year formed
- 2013
- State of legal domicile
- IL
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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| STEVEN COLLENS | CEO Trustee or director, Officer | 40 | $594,940 | $40,330 |
| JOSEPH RIZK | SENIOR VICE PRESIDENT, PARTNERSHIPS Key employee | 40 | $386,237 | $23,000 |
| CHARLENE FAN | VP, OPERATIONS Key employee | 40 | $213,773 | $12,752 |
| AMANDA OSTER | TECHNOLOGY PRODUCT LEAD Highest-paid employee | 40 | $146,136 | $21,184 |
| SAMANTHA STAVIG | SENIOR MANAGER, PARTNER ENGAGEMENT Highest-paid employee | 40 | $150,836 | $9,521 |
| KATHRYN KOSKO | MANAGER, PARTNERSHIPS Highest-paid employee | 40 | $135,918 | $23,286 |
| CHRISTOPHER PAGANO | DIRECTOR, VENTURE AMERICA (TERM MAY 2024) Key employee | 40 | $151,327 | $3,975 |
| CASEY SHERIDAN | MANAGER, PARTNERSHIPS Highest-paid employee | 40 | $137,126 | $2,246 |
| COLLEEN WISNIEWSKI | MARKETING DIRECTOR Highest-paid employee | 40 | $137,019 | $1,937 |
| ANDREW CITTADINE | SECRETARY Trustee or director, Officer | 0.5 | $0 | $0 |
| DAVID ORMESHER | CHAIR OF THE BOARD Trustee or director, Officer | 0.5 | $0 | $0 |
| NANCY SULLIVAN | TREASURER Trustee or director, Officer | 0.5 | $0 | $0 |
| LAURA FERRIS ANDERSON | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| JEFFREY S ARONIN | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| LAURIE BAUER | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
18 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BILL DIXON | DIRECTOR Trustee or director | 0.5 | $0 |
| JOEL FARRAN | DIRECTOR Trustee or director | 0.5 | $0 |
| STEVEN A GOULD | DIRECTOR Trustee or director | 0.5 | $0 |
| STEVE HAMMAN | DIRECTOR Trustee or director | 0.5 | $0 |
| STEPHEN KEITH | DIRECTOR Trustee or director | 0.5 | $0 |
| JEFFREY KENT | DIRECTOR Trustee or director | 0.5 | $0 |
| DAVID MAO | DIRECTOR Trustee or director | 0.5 | $0 |
| JAMES L MADARA | DIRECTOR Trustee or director | 0.5 | $0 |
| SUZET MCKINNEY | DIRECTOR Trustee or director | 0.5 | $0 |
| PETER MCNERNEY | DIRECTOR Trustee or director | 0.5 | $0 |
| ELLEN A RUDNICK | DIRECTOR Trustee or director | 0.5 | $0 |
| EDRICE L SIMMONS | DIRECTOR Trustee or director | 0.5 | $0 |
| BRIAN SNELL | DIRECTOR Trustee or director | 0.5 | $0 |
| JIM SULLIVAN | DIRECTOR Trustee or director | 0.5 | $0 |
| KAREN C TEITELBAUM | DIRECTOR Trustee or director | 0.5 | $0 |
| PHIL TENNANT | DIRECTOR Trustee or director | 0.5 | $0 |
| GLEN TULLMAN | DIRECTOR Trustee or director | 0.5 | $0 |
| ERIC WHITAKER | DIRECTOR Trustee or director | 0.5 | $0 |
990 for the year ended December 31, 2023: 30 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Steven B Collens | CEO Trustee or director, Officer | 40 | $530,006 | $1,200 |
| Joseph Rizk | Senior Vice President, Partnerships Key employee | 40 | $408,212 | $1,200 |
| Christopher Pagano | Director, Venture Acceleration Key employee | 40 | $201,324 | $1,200 |
| Charlene Fan | VP, Operations Key employee | 40 | $195,503 | $1,200 |
| Jeanetta Konstantakopoulos | Senior Director, Partner Engagement Highest-paid employee | 40 | $183,688 | $2,100 |
| Samantha Stavig | Senior Manager, Partnerships Highest-paid employee | 40 | $162,807 | $600 |
| Amanda Oster | Technology Product Lead Highest-paid employee | 40 | $134,646 | $600 |
| Casey Sheridan | Manager, Partnerships Highest-paid employee | 40 | $130,787 | $600 |
| Kathryn Kosko | Manager, Partnerships Highest-paid employee | 40 | $122,949 | $600 |
| Andrew Cittadine | SECRETARY Trustee or director, Officer | 0.5 | $0 | $0 |
| David Ormesher | CHAIR OF THE BOARD (voted in 9/2023) Trustee or director, Officer | 0.5 | $0 | $0 |
| Nancy Sullivan | TREASURER (voted in 9/2023) Trustee or director, Officer | 0.5 | $0 | $0 |
| David Mao | Director Trustee or director | 0.5 | $0 | $0 |
| Edrice Simmons | Director Trustee or director | 0.5 | $0 | $0 |
| Ellen A Rudnick | Director Trustee or director | 0.5 | $0 | $0 |
| Eric Whitaker | Director Trustee or director | 0.5 | $0 | $0 |
| Glen Tullman | Director Trustee or director | 0.5 | $0 | $0 |
| James L Madara | Director Trustee or director | 0.5 | $0 | $0 |
| Jeffery S Aronin | Director Trustee or director | 0.5 | $0 | $0 |
| Jeffrey Kent | Director Trustee or director | 0.5 | $0 | $0 |
| Jim Sullivan | Director Trustee or director | 0.5 | $0 | $0 |
| Joel Farran | Director Trustee or director | 0.5 | $0 | $0 |
| Karen Teitlebaum | Director Trustee or director | 0.5 | $0 | $0 |
| Laura Ferris Anderson | Director Trustee or director | 0.5 | $0 | $0 |
| Peter McNerney | Director Trustee or director | 0.5 | $0 | $0 |
| Phil Tennant | Director Trustee or director | 0.5 | $0 | $0 |
| Stephen N Keith | Director Trustee or director | 0.5 | $0 | $0 |
| Steven A Gould | Director Trustee or director | 0.5 | $0 | $0 |
| Steven Hamman | Director Trustee or director | 0.5 | $0 | $0 |
| Suzet McKinney | Director Trustee or director | 0.5 | $0 | $0 |
990 for the year ended December 31, 2022: 34 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Steven B Collens | CEO Trustee or director, Officer | 40 | $488,924 | $1,357 |
| Joseph Rizk | Senior Vice President, Partner Key employee | 40 | $321,909 | $1,357 |
| Christopher Pagano | Director, Venture Acceleration Key employee | 40 | $179,296 | $10,157 |
| Charlene Fan | Chief of Staff Key employee | 40 | $154,760 | $6,831 |
| Jeanetta Konstantakopoulos | Senior Director, Partner Engag Highest-paid employee | 40 | $157,511 | $757 |
| Peter Strandquist-End 102022 | Senior Director, Operations Highest-paid employee | 40 | $137,407 | $11,140 |
| Samantha Stavig | Senior Manager, Partnerships Highest-paid employee | 40 | $142,212 | $6,226 |
| Sabrina Rahman-End 82022 | Director, Corporate Innovation Highest-paid employee | 40 | $133,634 | $905 |
| Kathryn Kosko | Manager, Partnerships Highest-paid employee | 40 | $115,787 | $6,150 |
| Jeffery S Aronin | CHAIR OF THE BOARD Trustee or director, Officer | 0.5 | $0 | $0 |
| David Ormesher | VICE CHAIR OF THE BOARD Trustee or director, Officer | 0.5 | $0 | $0 |
| Andrew Cittadine | SECRETARY Trustee or director, Officer | 0.5 | $0 | $0 |
| Steven A Gould | TREASURER Trustee or director, Officer | 0.5 | $0 | $0 |
| Nancy Sullivan | Director Trustee or director | 0.5 | $0 | $0 |
| Laura Ferris Anderson | Director Trustee or director | 0.5 | $0 | $0 |
| Joel Farran-Start 92022 | Director Trustee or director | 0.5 | $0 | $0 |
| Steve Hamman | Director Trustee or director | 0.5 | $0 | $0 |
| Stephen N Keith | Director Trustee or director | 0.5 | $0 | $0 |
| Jeffrey Kent-Start 62022 | Director Trustee or director | 0.5 | $0 | $0 |
| James L Madara | Director Trustee or director | 0.5 | $0 | $0 |
| David Mao-Start 92022 | Director Trustee or director | 0.5 | $0 | $0 |
| Suzet McKinney | Director Trustee or director | 0.5 | $0 | $0 |
| Peter McNerney | Director Trustee or director | 0.5 | $0 | $0 |
| James O'Connor-End 92022 | Director Trustee or director | 0.5 | $0 | $0 |
| Ellen A Rudnick | Director Trustee or director | 0.5 | $0 | $0 |
| Kevin Schoeplein-End 92022 | Director Trustee or director | 0.5 | $0 | $0 |
| Edrice Simmons-Start 122022 | Director Trustee or director | 0.5 | $0 | $0 |
| Jeffrey Stewart -End 122022 | Director Trustee or director | 0.5 | $0 | $0 |
| Jim Sullivan | Director Trustee or director | 0.5 | $0 | $0 |
| Karen Teitlebaum-Start 92022 | Director Trustee or director | 0.5 | $0 | $0 |
| Glen Tullman | Director Trustee or director | 0.5 | $0 | $0 |
| Marilyn Vetter-End 62022 | Director Trustee or director | 0.5 | $0 | $0 |
| Eric Whitaker | Director Trustee or director | 0.5 | $0 | $0 |
| Casey Sheridan | Manager, Partnerships Highest-paid employee | 40 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 222 MERCHANDISE MART PLZ STE 228, CHICAGO, IL 60654-1308
- In care of
- % STEVEN COLLENS
- Principal officer (990 for 2024)
- STEVEN COLLENS, 222 W MERCHANDISE MART 228, CHICAGO, IL 60654
- Signed the 990
- STEVEN COLLENS, CEO
- Phone
- (312) 374-8243
- Website
- MATTER.HEALTH/
- Return prepared by
- CLIFTONLARSONALLEN LLP
Mission
MATTER IS A COMMUITY WORKING TOGETHER TO HARNESS TECHNOLOGY TO ACCELERATE THE PACE OF CHANGE OF HEALTHCARE.
Program accomplishments
- 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.Expenses $3,720,842 · revenue $5,405,630
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 46-3253782
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2014
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Unknown (Z99)
- Assets (IRS master file)
- $5,638,025
- Income (IRS master file)
- $6,110,724
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $6,110,724 | $6,113,697 | $5,638,025 | IRS |
| 990 | December 2023 | $5,876,977 | $6,227,601 | $6,539,786 | XML |
| 990 | December 2022 | $5,662,507 | $5,590,607 | $7,916,485 | XML |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 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 46-3253782).
Questions about INNOVATION DEVELOPMENT INSTITUTE INC
- What is the EIN of INNOVATION DEVELOPMENT INSTITUTE INC?
- The employer identification number (EIN) of INNOVATION DEVELOPMENT INSTITUTE INC is 46-3253782.
- Is INNOVATION DEVELOPMENT INSTITUTE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2014.
- Are donations to INNOVATION DEVELOPMENT INSTITUTE INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does INNOVATION DEVELOPMENT INSTITUTE 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 INNOVATION DEVELOPMENT INSTITUTE INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did INNOVATION DEVELOPMENT INSTITUTE INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of INNOVATION DEVELOPMENT INSTITUTE INC?
- The 990 for the year ended December 31, 2024 names STEVEN COLLENS.
- Who are the officers and directors of INNOVATION DEVELOPMENT INSTITUTE INC?
- The 990 for the year ended December 31, 2024 lists 33 people; 9 received compensation from the organization, the highest $594,940 (STEVEN COLLENS, CEO).
- How much revenue does INNOVATION DEVELOPMENT INSTITUTE INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $6,110,724, expenses of $6,113,697 and total assets of $5,638,025 at year end.
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