Nonprofit · EIN 11-3800306
FOGARTY INSTITUTE FOR INNOVATION
Tax-exempt · MOUNTAIN VIEW, CA 94040
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $2,887,855 | $7,841,457 | -$4,953,602 | $14,483,174 | $9,985,317 | $4,497,857 |
| December 31, 2023 | 990 | $2,939,436 | $7,630,781 | -$4,691,345 | $21,350,391 | $11,020,749 | $10,329,642 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $345,064
- Program service revenue
- $2,161,507
- Investment income
- $381,284
- Net gain from sales of assets
- $232,716
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $52,900
- Other salaries and wages
- $4,088,213
- Salaries, compensation and benefits (total)
- $5,008,503
- Professional fundraising fees
- $0
- Legal fees
- $24,000
- Accounting fees
- $4,125
- Occupancy
- $1,318,271
- Travel
- $72,803
- Depreciation
- $144,440
- Program services (functional)
- $6,324,445
- Management and general (functional)
- $1,358,114
- Fundraising (functional)
- $158,898
Balance sheet and other
- Total assets, start of year
- $21,350,391
- Total assets, end of year
- $14,483,174
- Total liabilities, end of year
- $9,985,317
- Net assets, end of year
- $4,497,857
- Land, buildings and equipment
- $1,190,239
- Publicly traded securities
- $3,168,480
- Net assets without donor restrictions
- $3,833,101
- Net assets with donor restrictions
- $664,756
- Gross receipts
- $2,887,855
- Employees
- 41
- Volunteers
- 125
- Year formed
- 2006
- State of legal domicile
- CA
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 |
|---|---|---|---|---|
| MARGA ORTIGAS-WEDEKIND | CHIEF STRATEGY OFFICER Highest-paid employee | 40 | $333,517 | $44,343 |
| MICHAEL REGAN | CHIEF OPERATING OFFICER Highest-paid employee | 40 | $333,548 | $38,373 |
| GAYLE KUOKKA | CFO Officer | 40 | $315,004 | $50,523 |
| DENISE ZARINS | CHIEF OPERATING OFFICER Highest-paid employee | 40 | $308,668 | $49,224 |
| ANDREW CLEELAND | CEO Trustee or director, Officer | 40 | $289,799 | $45,019 |
| JOHN MORRISS | DIRECTOR OF INVENTION Highest-paid employee | 40 | $287,959 | $33,183 |
| ALLIE GREGORIAN | CHIEF ALLIANCE OFFICER Highest-paid employee | 40 | $262,812 | $16,900 |
| THOMAS FOGARTY MD | FOUNDER/DIRECTOR Trustee or director | 2 | $0 | $0 |
| THOMAS M KRUMMEL MD | CHAIRMAN Trustee or director | 2 | $0 | $0 |
| FREDERICK ST GOAR MD | VICE CHAIRMAN Trustee or director | 2 | $0 | $0 |
| J CASEY MCGLYNN JD | DIRECTOR Trustee or director | 2 | $0 | $0 |
| LEWIS WEXLER MD | DIRECTOR Trustee or director | 2 | $0 | $0 |
| ALLAN R WILL | DIRECTOR Trustee or director | 2 | $0 | $0 |
| STACY ENXING-SENG | DIRECTOR Trustee or director | 2 | $0 | $0 |
| ANGELA MACFARLANE | DIRECTOR Trustee or director | 2 | $0 | $0 |
1 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARK LEAHEY | DIRECTOR Trustee or director | 2 | $0 |
990 for the year ended December 31, 2023: 16 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MARGA ORTIGAS-WEDEKIND | CHIEF STRATEGY OFFICER Highest-paid employee | 40 | $330,057 | $40,211 |
| GAYLE KUOKKA | CFO Officer | 40 | $309,547 | $43,293 |
| MICHAEL REGAN | CHIEF OPERATING OFFICER Highest-paid employee | 40 | $328,493 | $22,097 |
| DENISE ZARINS | CHIEF OPERATING OFFICER Highest-paid employee | 40 | $305,250 | $27,934 |
| ANDREW CLEELAND | CEO Trustee or director, Officer | 40 | $290,372 | $40,934 |
| JOHN MORRISS | DIRECTOR OF INVENTION Highest-paid employee | 40 | $284,650 | $14,433 |
| ALLIE GREGORIAN | CHIEF ALLIANCE OFFICER Highest-paid employee | 40 | $259,625 | $1,261 |
| THOMAS FOGARTY MD | FOUNDER/DIRECTOR Trustee or director | 2 | $0 | $0 |
| THOMAS M KRUMMEL MD | CHAIRMAN Trustee or director | 2 | $0 | $0 |
| FREDERICK ST GOAR MD | VICE CHAIRMAN Trustee or director | 2 | $0 | $0 |
| J CASEY MCGLYNN JD | DIRECTOR Trustee or director | 2 | $0 | $0 |
| LEWIS WEXLER MD | DIRECTOR Trustee or director | 2 | $0 | $0 |
| ALLAN R WILL | DIRECTOR Trustee or director | 2 | $0 | $0 |
| STACY ENXING-SENG | DIRECTOR Trustee or director | 2 | $0 | $0 |
| ANGELA MACFARLANE | DIRECTOR Trustee or director | 2 | $0 | $0 |
| MARK LEAHEY | DIRECTOR Trustee or director | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 2495 HOSPITAL DR STE 300, MOUNTAIN VIEW, CA 94040-4157
- In care of
- % ANN FYFE
- Principal officer (990 for 2024)
- ANDREW CLEELAND, 2495 HOSPITAL DRIVE 300, MOUNTAIN VIEW, CA 94040
- Signed the 990
- GAYLE KUOKKA, CFO
- Phone
- (650) 962-4560
- Website
- WWW.FOGARTYINSTITUTE.ORG
- Return prepared by
- CNACPA PC
California records
California keeps its own records of charities and corporations. Search them by EIN 11-3800306 or by the name FOGARTY INSTITUTE FOR INNOVATION.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
Mission
THE FOGARTY INSTITUTE FOR INNOVATION IS DEDICATED TO FINDING NEW WAYS TO TREAT ILLNESSES AND IMPROVE THE WELL-BEING OF PATIENTS THROUGH THE PRACTICAL APPLICATION OF INNOVATIVE IDEAS AND THE EDUCATION AND MENTORING OF MEDICAL INNOVATORS.
Program accomplishments
- INNOVATION PROGRAM - FOR DECADES, THE UNITED STATES HAS BENEFITED FROM BEING HOME TO THE PRE-EMINENT MEDICAL INNOVATION ECOSYSTEM IN THE WORLD. THIS HAS ENSURED SUCCESS TO CUTTING-EDGE TREATMENT OPTIONS FOR THE NATION'S CITIZENS, HAS FUELED THE ECONOMY BY BEING A MAJOR DRIVER OF SMALL BUSINESS AND JOB CREATION, AND HAS REPRESENTED A SIGNIFICANT AND CRITICAL COMPONENT OF THE NATION'S OVERALL GLOBAL TECHNOLOGICAL LEADERSHIP. THE ULTIMATE GOAL OF THE 501(C)(3) NON-PROFIT FOGARTY INSTITUTE FOR INNOVATION IS TO SUPPORT MEDICAL INNOVATION TO BENEFIT PATIENTS. AS A NECESSARY CONSEQUENCE OF THIS EFFORT, THE INSTITUTE ADDRESSES THE FACTORS THREATENING THE NATION'S MEDICAL INNOVATION ECOSYSTEM HEAD-ON.THE UNIQUE APPROACH OF THE INSTITUTE IS TO IDENTIFY INNOVATIONS THAT HAVE ESPECIALLY HIGH POTENTIAL FOR PATIENT BENEFIT. THROUGH ITS FLAGSHIP INNOVATION SUPPORT PROGRAM, THE FOGARTY INSTITUTE RECEIVES APPLICATIONS FOR SUPPORT FROM A BROAD CANDIDATE POOL THAT INCLUDES PHYSICIANS, STUDENTS, ENGINEERS, AND ENTREPRENEURS. INNOVATIONS HAVING THE GREATEST POTENTIAL FOR PATIENT BENEFIT ARE SELECTED, AND THE INSTITUTE SUPPORTS THE INNOVATOR'S EFFORTS TO DELIVER THEIR INNOVATIONS TO PATIENTS. THE TYPES OF SUPPORT PROVIDED TO SELECTED INNOVATORS BY THE INSTITUTE INCLUDE (A) DIRECT MENTORING BY OTHER MEMBERS OF THE MENTOR STAFF IN THE PROCESS OF MEDICAL INNOVATION AND DEVELOPMENT, (B) SIGNIFICANT, ACCESS TO EL CAMINO HOSPITAL PHYSICIANS AND FACILITIES THAT PROVIDES INNOVATORS WITH INVALUABLE INFORMATION THAT GUIDES MEDICAL TECHNOLOGY DEVELOPMENT, (C) LABORATORY/ENGINEERING SPACE, (D) FINANCIAL AID, AND (E) ACCESS TO THE INSTITUTE'S NETWORK OF FUNCTIONAL EXPERTS.THE INSTITUTE'S LAB SPACE IS CURRENTLY DEVOTED TO THE DEVELOPMENT OF MEDICAL TECHNOLOGIES THAT ADDRESS A RANGE OF CONDITIONS, AND THESE INCLUDE NOT LIMITED TO MATERNAL AND INFANT HEALTH, CARDIOVASCULAR DISEASE, AND A VARIETY OF DIAGNOSTIC TOOLS.Expenses $4,300,582 · grants $19,400 · revenue $1,949,531
- EDUCATION PROGRAM - THROUGH ITS EDUCATION PROGRAM, THE FOGARTY INSTITUTE MAKES ITS UNIQUE MENTORING CAPABILITY AVAILABLE TO A MUCH LARGER AUDIENCE THAN IS POSSIBLE WITH THE INNOVATION SUPPORT PROGRAM BY PROVIDING WORKSHOPS, SEMINARS AND INTERNSHIPS TO INTERESTED MEMBERS OF THE MEDICAL INNOVATION, CLINICIAN, AND ENTREPRENEUR COMMUNITIES. IN THIS WAY, WE HOPE TO NOT ONLY SUPPORT ACTIVE INNOVATORS, BUT ALSO INSPIRE THE NEXT GENERATION OF MEDICAL INNOVATORS SUCH AS COLLEGE AND HIGH SCHOOL STUDENTS WHO MAY BE CONSIDERING A CAREER IN MEDICAL INNOVATION.Expenses $2,023,863 · grants $33,500 · revenue $211,976
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
- 11-3800306
- 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
- 2007
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Medical research (H92)
- Assets (IRS master file)
- $14,483,174
- Income (IRS master file)
- $2,887,855
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $2,887,855 | $7,841,457 | $14,483,174 | IRS |
| 990 | December 2023 | $2,939,436 | $7,630,781 | $21,350,391 | XML |
| 990 | December 2022 | $12,603,959 | $7,150,758 | $26,940,908 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | 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 11-3800306).
Questions about FOGARTY INSTITUTE FOR INNOVATION
- What is the EIN of FOGARTY INSTITUTE FOR INNOVATION?
- The employer identification number (EIN) of FOGARTY INSTITUTE FOR INNOVATION is 11-3800306.
- Is FOGARTY INSTITUTE FOR INNOVATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2007.
- Are donations to FOGARTY INSTITUTE FOR INNOVATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FOGARTY INSTITUTE FOR INNOVATION 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 FOGARTY INSTITUTE FOR INNOVATION 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 FOGARTY INSTITUTE FOR INNOVATION 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 FOGARTY INSTITUTE FOR INNOVATION?
- The 990 for the year ended December 31, 2024 names ANDREW CLEELAND.
- Who are the officers and directors of FOGARTY INSTITUTE FOR INNOVATION?
- The 990 for the year ended December 31, 2024 lists 16 people; 7 received compensation from the organization, the highest $333,517 (MARGA ORTIGAS-WEDEKIND, CHIEF STRATEGY OFFICER).
- How much revenue does FOGARTY INSTITUTE FOR INNOVATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $2,887,855, expenses of $7,841,457 and total assets of $14,483,174 at year end.
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