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Nonprofit · EIN 87-2622250

ADVANCIUM HEALTH NETWORK INC

Tax-exempt · NEW YORK, NY 10010

Financials

$17M$5.3M2023$1.1M$7.1M2024
Revenue Expenses · by fiscal year end
Financials of ADVANCIUM HEALTH NETWORK INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$1,082,418$7,138,898-$6,056,480$4,785,014$367,459$4,417,555
December 31, 2023990$16,967,337$5,300,994$11,666,343$17,991,568$5,995,157$11,996,411
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$13,696,852
Program service revenue
$0
Investment income
-$12,614,434
Net gain from sales of assets
-$12,705,367
Other revenue
$0

Expenses

Grants and similar amounts paid
$1,883,322
Compensation of officers, directors and key employees
$873,959
Other salaries and wages
$1,152,696
Salaries, compensation and benefits (total)
$2,306,284
Professional fundraising fees
$240,000
Legal fees
$370,787
Accounting fees
$213,002
Occupancy
$431,958
Travel
$158,391
Depreciation
$4,430
Program services (functional)
$5,015,884
Management and general (functional)
$1,762,344
Fundraising (functional)
$360,670

Balance sheet and other

Total assets, start of year
$17,991,568
Total assets, end of year
$4,785,014
Total liabilities, end of year
$367,459
Net assets, end of year
$4,417,555
Land, buildings and equipment
$26,580
Net assets without donor restrictions
$4,417,555
Gross unrelated business income
-$8,758
Gross receipts
$14,292,352
Employees
9
Volunteers
6
Year formed
2021
State of legal domicile
DE

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.

NameTitleHours / weekCompensationOther / benefits
MICHELE CLEARY DIR TO 524CHIEF SCIENTIFIC OFFICER (AS OF 6/24)
Trustee or director, Officer
40$327,670$5,205
EMMA MORAN EVANSDIRECTOR, COBICURE MED TECH
Highest-paid employee
40$271,338$60,160
MAUREEN REYESDIRECTOR, STRATEGY & OPS
Highest-paid employee
40$291,194$26,728
ROBERT OLANVP BUSINESS DEVELOPMENT
Highest-paid employee
40$254,008$40,090
LINDSEY REYNOLDSDIRECTOR, FINANCE
Officer
40$267,949$21,544
SHAWN DAVIS TO 224SVP & COO
Officer
40$246,644$4,947
JYOTI PATELDIRECTOR BUSINESS OPS & MARKETING
Highest-paid employee
40$215,354$18,845
MARK VEICHPRESIDENT
Trustee or director, Officer
40$0$0
OLIVIER ELEMENTOSECRETARY
Trustee or director, Officer
1$0$0
JEFFREY KAPLAN TO 424TREASURER
Trustee or director, Officer
1$0$0
GARY BREWSTER AS OF 424DIRECTOR
Trustee or director
1$0$0
YUNG LIE AS OF 624DIRECTOR
Trustee or director
1$0$0
RON MITCHELLDIRECTOR
Trustee or director
1$0$0
LAURIE ZEPHYRINDIRECTOR
Trustee or director
1$0$0
990 for the year ended December 31, 2023: 11 people
NameTitleHours / weekCompensationOther / benefits
SHAWN DAVISSVP & COO
Officer
40$584,175$26,545
CONSTANCE WILLIAMSDIRECTOR, CIL (UNTIL 7/23)
Highest-paid employee
40$243,309$14,666
EMMA MORAN EVANSDIRECTOR, COBICURE MEDTECH
Highest-paid employee
40$197,394$15,939
JYOTI PATELDIRECTOR, BUSINESS OPERATIONS & MARKETING
Highest-paid employee
40$171,341$14,282
LINDSEY REYNOLDSDIRECTOR, FINANCE
Highest-paid employee
40$103,631$9,769
MARK VEICHPRESIDENT
Trustee or director, Officer
1$0$0
JEFFREY KAPLANTREASURER
Trustee or director, Officer
1$0$0
OLIVIER ELEMENTOSECRETARY
Trustee or director, Officer
1$0$0
LAURIE ZEPHYRINDIRECTOR
Trustee or director
1$0$0
MICHELE CLEARYDIRECTOR
Trustee or director
1$0$0
RON MITCHELLDIRECTOR
Trustee or director
1$0$0

Address and contacts

Address (IRS master file)
345 PARK AVENUE SOUTH 4TH FLOOR, NEW YORK, NY 10010-1707
Principal officer (990 for 2024)
MARK VEICH, 345 PARK AVENUE SOUTH 4TH FLOOR, NEW YORK, NY 10010
Signed the 990
MARK VEICH, CHIEF EXECUTIVE OFFICER
Phone
(212) 583-8281
Return prepared by
EISNER ADVISORY GROUP LLC

Mission

SEE SCHEDULE O

990 for the year ended December 31, 2024

Program accomplishments

  • ADVANCIUM HEALTH NETWORK, INC. IS A MISSION-DRIVEN CHARITABLE ORGANIZATION COMMITTED TO ELIMINATING BARRIERS IN HEALTHCARE THROUGH A UNIQUE MODEL THAT COMBINES THE EXPERTISE OF FOR-PROFIT LEADERSHIP WITH NON-PROFIT MOTIVATIONS. THROUGH THE SUPPORT OF OUR PARTNERS, INDUSTRY EXPERTS, AND CHARITABLE DONORS, WE'RE TACKLING HEALTHCARE'S MOST CHALLENGING GAPS AND UNMET NEEDS ACROSS THE INDUSTRY - FROM EARLY-STAGE INNOVATION, TO PEDIATRICS AND RARE DISEASE. ADVANCIUM HEALTH NETWORK IS COMMITTED TO A POSITIVE IMPACT ON HUMAN HEALTH.
    Expenses $5,015,884 · grants $1,883,322

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
87-2622250
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
2023
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Medical research (H99)
Assets (IRS master file)
$4,785,014
Income (IRS master file)
$14,292,352

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$1,082,418$7,138,898$4,785,014IRS
990December 2023$16,967,337$5,300,994$17,991,568XML
990December 2022$3,430,074$3,086,977$417,585IRS
990-EZDecember 2021–––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 87-2622250).

Questions about ADVANCIUM HEALTH NETWORK INC

What is the EIN of ADVANCIUM HEALTH NETWORK INC?
The employer identification number (EIN) of ADVANCIUM HEALTH NETWORK INC is 87-2622250.
Is ADVANCIUM HEALTH NETWORK INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2023.
Are donations to ADVANCIUM HEALTH NETWORK INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does ADVANCIUM HEALTH NETWORK 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 ADVANCIUM HEALTH NETWORK 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 ADVANCIUM HEALTH NETWORK 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 ADVANCIUM HEALTH NETWORK INC?
The 990 for the year ended December 31, 2024 names MARK VEICH.
Who are the officers and directors of ADVANCIUM HEALTH NETWORK INC?
The 990 for the year ended December 31, 2024 lists 14 people; 7 received compensation from the organization, the highest $327,670 (MICHELE CLEARY DIR TO 524, CHIEF SCIENTIFIC OFFICER (AS OF 6/24)).
How much revenue does ADVANCIUM HEALTH NETWORK INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $1,082,418, expenses of $7,138,898 and total assets of $4,785,014 at year end.

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