INNOVATION DEVELOPMENT INSTITUTE INC Charity Report

Public IRS 990 nonprofit record

INNOVATION DEVELOPMENT INSTITUTE INC

EIN 46-3253782 · Unknown (Z99)

What they do

MATTER is A COMMUNITY WORKING TOGETHER to HARNESS TECHNOLOGY to ACCELERATE THE PACE of CHANGE of HEALTHCARE.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $60.90 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 leaders33 people are listed in the latest report.

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

Money made simple

60.89%of revenue went to mission work60.9% of expenses · Program services

$100.05spent for every $100 of revenueSpending was higher than revenue this year.

39.16%of revenue went to management and office costs39.1% of expenses

$0.92in assets for every $1 spent this yearSome assets cannot be spent right away.

9.6%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 $2,973 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $635,270 for STEVEN COLLENS (CEO). 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$6,110,724

Mission workProgram services$3,720,84260.89% of revenue60.9% of expenses

ManagementOffice and general costs$2,392,85539.16% of revenue39.1% of expenses

FundraisingAsking for donations0.00% of revenue0.0% of expenses

Total expenses$6,113,697100.05% 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: 60.9% mission · 39.1% management · 0.0% fundraisingTotal expenses: 100.05% of revenue

2023Expense mix: 65.8% mission · 34.2% management · 0.0% fundraisingTotal expenses: 105.97% of revenue

2022Expense mix: 62.1% mission · 37.9% management · 0.0% fundraisingTotal expenses: 98.73% of revenue

2021Expense mix: 78.5% mission · 21.3% management · 0.2% fundraisingTotal expenses: 91.33% of revenue

2020Expense mix: 82.2% mission · 7.1% management · 10.6% fundraisingTotal expenses: 91.26% of revenue

2019Expense mix: 81.3% mission · 7.5% management · 11.1% fundraisingTotal expenses: 101.28% of revenue

2018Expense mix: 79.7% mission · 7.5% management · 12.7% fundraisingTotal expenses: 104.67% of revenue

2017Expense mix: 80.8% mission · 8.5% management · 10.6% fundraisingTotal expenses: 101.11% of revenue

Money in and money out

Revenue$6,110,724

Expenses$6,113,697

Annual shortfall $2,973 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)$3,720,842 · 60.9% of expenses

Management and office costs$2,392,855 · 39.1% of expenses

See all reported dollar amounts

Revenue$6,110,724

Expenses$6,113,697

Assets$5,638,025

Income$6,110,724

Contributions$584,866

Mission work (program services)$3,720,842

Management and general$2,392,855

Executive compensation (total)$400,057

Stocks and bonds$1,686,188

Accounting fees$114,033

Investing fees$7,515

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

STEVEN COLLENSCEO · 40 hrs/week $635,270Base $594,940 · Other $40,330

JOSEPH RIZKSENIOR VICE PRESIDENT, PARTNERSHIPS · 40 hrs/week $409,237Base $386,237 · Other $23,000

CHARLENE FANVP, OPERATIONS · 40 hrs/week $226,525Base $213,773 · Other $12,752

AMANDA OSTERTECHNOLOGY PRODUCT LEAD · 40 hrs/week $167,320Base $146,136 · Other $21,184

SAMANTHA STAVIGSENIOR MANAGER, PARTNER ENGAGEMENT · 40 hrs/week $160,357Base $150,836 · Other $9,521

KATHRYN KOSKOMANAGER, PARTNERSHIPS · 40 hrs/week $159,204Base $135,918 · Other $23,286

CHRISTOPHER PAGANODIRECTOR, VENTURE AMERICA (TERM MAY 2024) · 40 hrs/week $155,302Base $151,327 · Other $3,975

CASEY SHERIDANMANAGER, PARTNERSHIPS · 40 hrs/week $139,372Base $137,126 · Other $2,246

COLLEEN WISNIEWSKIMARKETING DIRECTOR · 40 hrs/week $138,956Base $137,019 · Other $1,937

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 (33)

STEVEN COLLENSCEO

JOSEPH RIZKSENIOR VICE PRESIDENT, PARTNERSHIPS

CHARLENE FANVP, OPERATIONS

AMANDA OSTERTECHNOLOGY PRODUCT LEAD

SAMANTHA STAVIGSENIOR MANAGER, PARTNER ENGAGEMENT

KATHRYN KOSKOMANAGER, PARTNERSHIPS

CHRISTOPHER PAGANODIRECTOR, VENTURE AMERICA (TERM MAY 2024)

CASEY SHERIDANMANAGER, PARTNERSHIPS

COLLEEN WISNIEWSKIMARKETING DIRECTOR

STEVE HAMMANDIRECTOR

STEPHEN KEITHDIRECTOR

JEFFREY S ARONINDIRECTOR

PHIL TENNANTDIRECTOR

PETER MCNERNEYDIRECTOR

NANCY SULLIVANTREASURER

LAURIE BAUERDIRECTOR

LAURA FERRIS ANDERSONDIRECTOR

STEVEN A GOULDDIRECTOR

KAREN C TEITELBAUMDIRECTOR

SUZET MCKINNEYDIRECTOR

JOEL FARRANDIRECTOR

JIM SULLIVANDIRECTOR

JEFFREY KENTDIRECTOR

JAMES L MADARADIRECTOR

GLEN TULLMANDIRECTOR

ERIC WHITAKERDIRECTOR

ELLEN A RUDNICKDIRECTOR

EDRICE L SIMMONSDIRECTOR

DAVID ORMESHERCHAIR OF THE BOARD

DAVID MAODIRECTOR

BRIAN SNELLDIRECTOR

BILL DIXONDIRECTOR

ANDREW CITTADINESECRETARY

About this charity

Recognized since: January 2014
Location: 222 MERCHANDISE MART PLZ STE 228, CHICAGO, IL 60654-1308
County: Cook
In care of: % STEVEN COLLENS
Primary officer: STEVEN COLLENS, CEO

How to reach them

WebsiteVisit the charity’s website Emailinfo@matter.health Phone(312) 374-8243

Filing and classification

Latest tax year: 2024
Tax period began: January 1, 2024
Return type: 990
Tax preparer: CLIFTONLARSONALLEN LLP
NTEE classification: Unknown (Z99)
IRS tax category: Unknown