Nonprofit · EIN 81-3132011
MEDTECH INNOVATOR
Tax-exempt · LOS ANGELES, CA 90024
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $4,492,842 | $7,197,545 | -$2,704,703 | $8,946,570 | $707,833 | $8,238,737 |
| June 30, 2024 | 990 | $2,103,858 | $5,671,866 | -$3,568,008 | $11,294,121 | $350,681 | $10,943,440 |
| June 30, 2023 | 990 (amended) | $13,316,576 | $3,953,081 | $9,363,495 | $14,747,390 | $235,942 | $14,511,448 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $4,455,949
- of which government grants
- $825,401
- Program service revenue
- $0
- Investment income
- $36,893
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $1,060,000
- Compensation of officers, directors and key employees
- $1,803,282
- Other salaries and wages
- $1,505,370
- Salaries, compensation and benefits (total)
- $3,751,510
- Professional fundraising fees
- $0
- Legal fees
- $15,168
- Accounting fees
- $76,285
- Occupancy
- $5,789
- Travel
- $228,101
- Depreciation
- $7,819
- Program services (functional)
- $6,263,012
- Management and general (functional)
- $645,442
- Fundraising (functional)
- $289,091
Balance sheet and other
- Total assets, start of year
- $11,294,121
- Total assets, end of year
- $8,946,570
- Total liabilities, end of year
- $707,833
- Net assets, end of year
- $8,238,737
- Land, buildings and equipment
- $9,939
- Net assets without donor restrictions
- $2,583,652
- Net assets with donor restrictions
- $5,655,085
- Gross receipts
- $4,493,306
- Employees
- 27
- Volunteers
- 900
- Year formed
- 2016
- 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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| PAUL GRAND | CEO & PRESIDENT Trustee or director, Officer | 50 | $803,664 | $56,242 |
| KATHRYN ZAVALA | COO Officer | 50 | $386,377 | $29,273 |
| BRIAN BENSON | SENIOR VICE PRESIDENT Key employee | 40 | $271,769 | $38,723 |
| AYELET MAROM | VP, PROGRAMS Key employee | 40 | $185,711 | $41,090 |
| DAPHNE AGHALARPOUR | CHIEF OF STAFF Highest-paid employee | 40 | $123,792 | $51,435 |
| JERRY CIOLINO | DIRECTOR OF OPERATIONS Highest-paid employee | 40 | $136,469 | $14,174 |
| CHRISTOPHER MARTIN | DIRECTOR Trustee or director | 3 | $0 | $0 |
| BIREN MEHTA | DIRECTOR Trustee or director | 2 | $0 | $0 |
| KAREN JOHNSON | DIRECTOR Trustee or director | 2 | $0 | $0 |
990 for the year ended June 30, 2024: 10 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| PAUL GRAND | CEO & PRESIDENT Trustee or director, Officer | 50 | $772,578 | $57,742 |
| KATHRYN ZAVALA | COO Officer | 50 | $364,375 | $24,304 |
| BRIAN BENSON | SENIOR VICE PRESIDENT Key employee | 40 | $227,038 | $30,243 |
| AYELET MAROM | VP, PROGRAMS Key employee | 40 | $163,390 | $28,228 |
| DIANE BOUIS | DIRECTOR Highest-paid employee | 40 | $133,800 | $5,232 |
| DAPHNE AGHALARPOUR | CHIEF OF STAFF Highest-paid employee | 40 | $109,000 | $11,609 |
| JERRY CIOLINO | DIRECTOR OF OPERATIONS Highest-paid employee | 40 | $101,144 | $7,940 |
| CHRISTOPHER MARTIN | DIRECTOR Trustee or director | 3 | $0 | $0 |
| BIREN MEHTA | DIRECTOR Trustee or director | 2 | $0 | $0 |
| KAREN JOHNSON | DIRECTOR Trustee or director | 2 | $0 | $0 |
990 for the year ended June 30, 2023: 7 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| PAUL GRAND | CEO & PRESIDENT Trustee or director, Officer | 50 | $756,144 | $0 | $53,470 |
| KATHRYN ZAVALA | COO Officer | 50 | $295,000 | $0 | $20,085 |
| BRIAN BENSON | VP, STRATEGIC ALLIANCES Key employee | 50 | $0 | $201,250 | $29,443 |
| AYELET MAROM | VP, PROGRAMS Highest-paid employee | 50 | $0 | $138,650 | $17,934 |
| CHRISTOPHER MARTIN | DIRECTOR Trustee or director | 3 | $0 | $0 | $0 |
| SCOTT WHITAKER | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| BIREN MEHTA | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 907 WESTWOOD BLVD SUITE 1067, LOS ANGELES, CA 90024-2904
- In care of
- % PAUL GRAND
- Principal officer (990 for 2024)
- PAUL GRAND, 907 WESTWOOD BLVD 1067, LOS ANGELES, CA 90024
- Signed the 990
- PAUL GRAND, CEO/PRESIDENT
- Phone
- (707) 466-6887
- Website
- MEDTECHINNOVATOR.ORG
- Return prepared by
- QUIGLEY & MIRON
California records
California keeps its own records of charities and corporations. Search them by EIN 81-3132011 or by the name MEDTECH INNOVATOR.
- 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
MEDTECH INNOVATOR ORGANIZES AND RUNS A GLOBAL COMPETITION AND VIRTUAL ACCELERATOR FOR MEDICAL DEVICE, DIGITAL HEALTH, AND DIAGNOSTIC STARTUP COMPANIES.
Program accomplishments
- MEDTECH INNOVATOR ("MTI") IS THE LARGEST AND MOST IMPACTFUL HEALTHCARE ACCELERATOR IN THE WORLD. ITS MISSION IS TO IMPROVE THE LIVES OF PATIENTS BY ACCELERATING THE GROWTH OF COMPANIES THAT ARE TRANSFORMING THE HEALTH CARE SYSTEM. MTI IS PURPOSE-BUILT TO IDENTIFY THE MOST VIABLE STARTUPS AND IMMERSE THEM IN THE BEST MEDTECH ECOSYSTEM IN THE WORLD, NO MATTER WHERE THEY ARE BASED. MTI PROVIDES A RESOURCE-RICH ENVIRONMENT TO ASSIST STARTUPS IN HONING THEIR BUSINESS MODELS, DEVELOPING THEIR VALUE PROPOSITIONS, AND SECURING THEIR NEXT ROUND OF FUNDING, AMONG OTHER CHALLENGES FACED BY COMPANIES ATTEMPTING TO COMMERCIALIZE INNOVATIVE HEALTH TECHNOLOGY FOR THE BENEFIT OF PATIENTS AROUND THE WORLD. MTI'S FLAGSHIP PROGRAM SUPPORTS MEDICAL DEVICE, DIGITAL HEALTH, AND DIAGNOSTIC STARTUPS AND SCALE-UPS. IN 2021, MTI LAUNCHED BIOTOOLS INNOVATOR TO SUPPORT INNOVATORS IN THE LIFE SCIENCE TOOLS AND DIAGNOSTICS SPACES. 1. MTI UNDERTAKES TWO PRIMARY ACTIVITIES: SECTOR/REGIONAL-BASED COMPETITIONS FOR INNOVATIVE STARTUPS AND A FOUR-MONTH MENTORSHIP-DRIVEN ACCELERATOR FOR THE LEADING APPLICANTS. EACH YEAR, MTI GIVES OUT A COMBINATION OF CASH PRIZES AND IN-KIND AWARDS THROUGH ITS VARIOUS COMPETITIONS, WHICH INCLUDE SEVERAL ROUNDS DURING WHICH THOUSANDS APPLY AND HUNDREDS OF COMPANIES GAIN INCREASING AMOUNTS OF EXPOSURE TO INDUSTRY LEADERS THROUGH ONLINE APPLICATION REVIEWS, IN-PERSON AND VIRTUAL PITCH EVENTS, AND AUDIENCE-DRIVEN, PUBLIC COMPETITIONS IN PARTNERSHIP WITH LEADING INDUSTRY CONFERENCES. AS THE COMPETITION PROGRESSES, COMPANIES ARE ACCEPTED INTO THE ANNUAL COHORT. THESE STARTUPS GAIN CRITICAL INDUSTRY-WIDE VISIBILITY AND ACCESS TO LEADING INVESTORS, MANUFACTURERS, PROVIDERS, AND CUSTOMERS. AMONG MANY BENEFITS, THEY RECEIVE EXCLUSIVE NETWORKING OPPORTUNITIES, INTERACTIVE WORKSHOPS, AND COACHING. THE COMPANIES ALSO HAVE MULTIPLE OCCASIONS TO SHOWCASE THEIR PRODUCTS AND GAIN EXPERIENCE PITCHING TO AUDIENCES OF INDUSTRY STAKEHOLDERS AND DECISION-MAKERS. A SUBSET OF EARLIER-STAGE COMPANIES TAKE PART IN A CUSTOMIZED MENTORSHIP PROGRAM WHERE THEY ARE PAIRED WITH SENIOR LEADERS IN THE MEDICAL TECHNOLOGY (MEDTECH) OR LIFE SCIENCES INDUSTRIES. ALL COHORT COMPANIES HAVE THE OPPORTUNITY TO COMPETE FOR AWARDS.2. MTI HAS ATTRACTED TOP TALENT TO OVERSEE THE COMPETITION AND ACCELERATOR PROGRAMS, INCLUDING STAFF MEMBERS WITH ADVANCED DEGREES AND DOCTORATES IN FIELDS OF STUDY RELEVANT TO THE STARTUP COMPANIES THEY ASSIST. MTI STAFFERS HAVE A BROAD KNOWLEDGE AND UNDERSTANDING OF THE MEDICAL TECHNOLOGY AND LIFE SCIENCES INDUSTRIES, INCLUDING THE REGULATORY AND REIMBURSEMENT REQUIREMENTS, THE INVESTMENT ENVIRONMENT, AND THE CLINICAL AND SCIENTIFIC NEEDS FOR RESEARCH AND DEVELOPMENT. MTI ALSO DEVELOPS RELATIONSHIPS WITH HUNDREDS OF INDUSTRY EXECUTIVES, HEALTH CARE PROVIDERS, INVESTORS AND KEY OPINION LEADERS, FOR THE BENEFIT OF COMPANIES PARTICIPATING IN ITS COMPETITION AND ACCELERATOR. MTI BRINGS THESE EXPERTS TOGETHER TO SERVE AS APPLICATION REVIEWERS AND JUDGES AT REGIONAL PITCH EVENTS AND COMPETITIONS, AND THEY OFFER FEEDBACK, GUIDANCE AND MENTORSHIP TO COMPANIES THAT PROGRESS THROUGH THE PROGRAM. THESE EXPERTS VOLUNTEER THEIR TIME TO SUPPORT MTI IN ITS MISSION TO IMPROVE THE LIVES OF PATIENTS.3. THE EVENTS OF THE COMPETITION ARE CONDUCTED THROUGHOUT THE YEAR, WITH APPLICATIONS OPENING IN THE FALL SEASON OF THE PRECEDING YEAR. THE ACCELERATOR PROGRAMS TYPICALLY RUN FROM JUNE THROUGH OCTOBER.4. THE EVENTS OF THE COMPETITION AND ACCELERATOR TAKE PLACE VIRTUALLY AND IN CITIES AROUND THE UNITED STATES, SUCH AS SAN FRANCISCO, LOS ANGELES, SAN DIEGO, BOSTON, WASHINGTON, D.C., AND IN INTERNATIONAL LOCATIONS SUCH AS IRELAND AND SINGAPORE. THE ACCELERATOR IS A VIRTUAL PROGRAM, LARGELY CONDUCTED VIA WEBINAR AND TELECONFERENCE, IN ADDITION TO MULTI-DAY, IN-PERSON EVENTS HELD AT ITS BEGINNING AND CONCLUSION. ALL THE COMPANIES SELECTED FOR MEDTECH INNOVATOR'S ANNUAL COHORT PARTICIPATE IN THE INNOVATOR SUMMIT AND FINALS, WHICH BRING TOGETHER SENIOR LEADERSHIP FROM EACH COMPANY ALONG WITH REPRESENTATIVES FROM MEDTECH INNOVATOR'S CORPORATE PARTNERS, REPRESENTATIVES FROM FEDERAL AGENCIES THAT SUPPORT MEDICAL INNOVATION SUCH AS FDA, HHS, AND NIH; KEY STAKEHOLDERS SUCH AS INVESTORS, STRATEGIC MANUFACTURERS, SERVICE PROVIDERS, SPECIALTY ASSOCIATIONS AND SOCIETIES; AND HEALTH CARE PROVIDERS.5. MTI SEEKS TO IMPROVE THE LIVES OF PATIENTS BY ACCELERATING THE GROWTH OF STARTUP COMPANIES THAT ARE TRANSFORMING THE HEALTH CARE SYSTEM. THIS WILL BE ACCOMPLISHED BY OFFERING SUBSTANTIVE RESOURCES AND NETWORK CONNECTIONS TO THE STARTUPS LEADING UP TO AND DURING THE ACCELERATOR AS WELL AS PROVIDING DIRECT FUNDING TO SELECT COMPANIES THROUGH AWARDS IN THE COMPETITION. MTI'S ACTIVITIES FURTHER THE PUBLIC GOOD BY UNITING LEADING STAKEHOLDERS IN THE MEDTECH INNOVATION ECOSYSTEM TO SUPPORT AND GUIDE TRANSFORMATIVE EARLY-STAGE COMPANIES THAT ARE STRIVING TO SOLVE UNMET PATIENT NEEDS AND INCREASE EFFICIENCY, QUALITY, EQUITY AND VALUE IN THE HEALTH CARE SYSTEM. 6. MTI IS FUNDED BY CORPORATE INDUSTRY DONORS, INCLUDING LEADING MANUFACTURERS, PRIVATE FOUNDATIONS, INVESTORS, SERVICE PROVIDERS, STATE AND FEDERAL TRADE ASSOCIATIONS, GRANTS AND CONTRACTS FROM GOVERNMENTAL AGENCIES. MTI HOPES TO INCREASE FINANCIAL SUPPORT FROM GOVERNMENTAL AGENCIES, SOCIETIES AND TRADE ASSOCIATIONS, AND PRIVATE FOUNDATIONS THAT SUPPORT HEALTH CARE INNOVATION, AS MTI PROVIDES A UNIQUE FRAMEWORK TO HELP ENSURE THAT IMPORTANT HEALTH CARE TECHNOLOGIES ACTUALLY REACH PATIENTS IN NEED.7. THERE CURRENTLY ARE NO DBAS. MTI'S WEBSITE IS HTTPS://MEDTECHINNOVATOR.ORG.Expenses $6,263,012 · grants $1,060,000
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
- 81-3132011
- 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
- 2019
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B90)
- Assets (IRS master file)
- $8,946,570
- Income (IRS master file)
- $4,493,306
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $4,492,842 | $7,197,545 | $8,946,570 | IRS |
| 990 | June 2024 | $2,103,858 | $5,671,866 | $11,294,121 | XML |
| 990 | June 2023 | $13,316,576 | $3,944,254 | $14,756,217 | XML |
| 990 | June 2022 | $3,463,152 | $3,537,911 | $5,483,836 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | 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 81-3132011).
Questions about MEDTECH INNOVATOR
- What is the EIN of MEDTECH INNOVATOR?
- The employer identification number (EIN) of MEDTECH INNOVATOR is 81-3132011.
- Is MEDTECH INNOVATOR tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2019.
- Are donations to MEDTECH INNOVATOR tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MEDTECH INNOVATOR 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 MEDTECH INNOVATOR 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 MEDTECH INNOVATOR 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 MEDTECH INNOVATOR?
- The 990 for the year ended June 30, 2025 names PAUL GRAND.
- Who are the officers and directors of MEDTECH INNOVATOR?
- The 990 for the year ended June 30, 2025 lists 9 people; 6 received compensation from the organization, the highest $803,664 (PAUL GRAND, CEO & PRESIDENT).
- How much revenue does MEDTECH INNOVATOR have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $4,492,842, expenses of $7,197,545 and total assets of $8,946,570 at year end.
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