FOGARTY INSTITUTE FOR INNOVATION Charity Report

Public IRS 990 nonprofit record

FOGARTY INSTITUTE FOR INNOVATION

EIN 11-3800306 · Biomedicine & Bioengineering Research (H92)

What they do

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.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $80.70 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders16 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

219.00%of revenue went to mission work80.7% of expenses · Program services

5.50%of revenue went to fundraising2.0% of expenses

$271.53spent for every $100 of revenueSpending was higher than revenue this year.

47.03%of revenue went to management and office costs17.3% of expenses

$1.85in assets for every $1 spent this yearSome assets cannot be spent right away.

11.9%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $4,953,602 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $377,860 for MARGA ORTIGAS-WEDEKIND (CHIEF STRATEGY OFFICER). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$2,887,855

Mission workProgram services$6,324,445219.00% of revenue80.7% of expenses

ManagementOffice and general costs$1,358,11447.03% of revenue17.3% of expenses

FundraisingAsking for donations$158,8985.50% of revenue2.0% of expenses

Total expenses$7,841,457271.53% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 80.7% mission · 17.3% management · 2.0% fundraisingTotal expenses: 271.53% of revenue

2023Expense mix: 81.8% mission · 16.1% management · 2.0% fundraisingTotal expenses: 259.60% of revenue

2022Expense mix: 77.6% mission · 20.0% management · 2.4% fundraisingTotal expenses: 56.73% of revenue

2021Expense mix: 76.5% mission · 17.9% management · 5.6% fundraisingTotal expenses: 178.75% of revenue

2020Expense mix: 78.6% mission · 17.0% management · 4.4% fundraisingTotal expenses: 42.27% of revenue

2019Expense mix: 78.7% mission · 15.6% management · 5.7% fundraisingTotal expenses: 524.23% of revenue

2018Expense mix: 74.0% mission · 19.3% management · 6.7% fundraisingTotal expenses: 129.96% of revenue

2017Expense mix: 67.1% mission · 17.8% management · 15.1% fundraisingTotal expenses: 124.71% of revenue

Money in and money out

Revenue$2,887,855

Expenses$7,841,457

Annual shortfall $4,953,602 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$6,324,445 · 80.7% of expenses

Management and office costs$1,358,114 · 17.3% of expenses

Fundraising$158,898 · 2.0% of expenses

See all reported dollar amounts

Revenue$2,887,855

Expenses$7,841,457

Assets$14,483,174

Income$2,887,855

Contributions$345,064

Mission work (program services)$6,324,445

Fundraising$158,898

Grants given$917,421

Average grant$32,765

Management and general$1,358,114

Stocks and bonds$3,168,480

Accounting fees$4,125

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

MARGA ORTIGAS-WEDEKINDCHIEF STRATEGY OFFICER · 40 hrs/week $377,860Base $333,517 · Other $44,343

MICHAEL REGANCHIEF OPERATING OFFICER · 40 hrs/week $371,921Base $333,548 · Other $38,373

GAYLE KUOKKACFO · 40 hrs/week $365,527Base $315,004 · Other $50,523

DENISE ZARINSCHIEF OPERATING OFFICER · 40 hrs/week $357,892Base $308,668 · Other $49,224

ANDREW CLEELANDCEO · 40 hrs/week $334,818Base $289,799 · Other $45,019

JOHN MORRISSDIRECTOR OF INVENTION · 40 hrs/week $321,142Base $287,959 · Other $33,183

ALLIE GREGORIANCHIEF ALLIANCE OFFICER · 40 hrs/week $279,712Base $262,812 · Other $16,900

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (16)

MARGA ORTIGAS-WEDEKINDCHIEF STRATEGY OFFICER

MICHAEL REGANCHIEF OPERATING OFFICER

GAYLE KUOKKACFO

DENISE ZARINSCHIEF OPERATING OFFICER

ANDREW CLEELANDCEO

JOHN MORRISSDIRECTOR OF INVENTION

ALLIE GREGORIANCHIEF ALLIANCE OFFICER

ALLAN R WILLDIRECTOR

ANGELA MACFARLANEDIRECTOR

FREDERICK ST GOAR MDVICE CHAIRMAN

J CASEY MCGLYNN JDDIRECTOR

LEWIS WEXLER MDDIRECTOR

MARK LEAHEYDIRECTOR

STACY ENXING-SENGDIRECTOR

THOMAS FOGARTY MDFOUNDER/DIRECTOR

THOMAS M KRUMMEL MDCHAIRMAN

About this charity

Recognized since: January 2007
Location: 2495 HOSPITAL DR STE 300, MOUNTAIN VIEW, CA 94040-4157
County: Santa Clara
In care of: % ANN FYFE
Primary officer: GAYLE KUOKKA, CFO

How to reach them

WebsiteVisit the charity’s website Phone(650) 962-4560

Filing and classification

Latest tax year: 2024
Tax period began: January 1, 2024
Return type: 990
Tax preparer: CNACPA PC
NTEE classification: Biomedicine & Bioengineering Research (H92)
IRS tax category: Biomedicine & Bioengineering Research
Grant-giving organization: Yes