NonprofitsFoundation For The New England Medical Innovation Center

Health Care

Foundation For The New England Medical Innovation Center

PROVIDENCE, RI

Total revenue

$727K

Total expenses

$721K

Net assets

$6K

Grants received

$150K

1 grants

EIN

822337450

Tax year

2023

Mission

The new england medical innovation center is a not-for-profit med tech hub founded by a partnership between lifespan health system, ximedica, and the rhode island school of design. We are focused on bringing together innovators, entrepreneurs, organizations, clinicians, smes, funders, and knowledge bases to advance medical technologies to market and overall bring value to the patients they serve while inspiring innovators to imagine the future of our healthcare system.

Programs

2 programs

Global boot camp- we provide a global bootcamp program to korean healthcare start up companies either for one week to 3 month period.

Expenses: $122K

Mentoring- we also provide curated mentoring services to medtech start up companies based both in ri and from korea.

Expenses: $295K

Financials

FY 2023

Revenue

Contributions & grants$592K
Program service revenue$127K
Investment income
Other revenue$9K
Total revenue$727K

Expenses

Grants paid
Salaries & benefits
Fundraising
Other expenses$721K
Total expenses$721K
Total assets$160K
Net assets$6K

People

6 listed

NameRoleCompensation

AIDAN PETRIE

PRESIDENT

Board

40 hrs/wk

LYDIA SCHROTER

TREASURER

Board

40 hrs/wk

ANN CHUMULTS

DIRECTOR

Board

2 hrs/wk

MIKE PEREIRA

DIRECTOR

Board

2 hrs/wk

HOPE HOPKINS

DIRECTOR

Board

2 hrs/wk

BHARAT RAMRATNAM

DIRECTOR (AS OF 6/24)

Board

2 hrs/wk

Grants received

Showing 1 of 1

FromAmountPurposeYear
$150K
FRACTIONAL PROJECT MANAGER
2022

Funded by

$150K from 1 funder · 1 grant · 2022

Details

EIN822337450
NTEE codeE03
Subsection03
Ruling date2018-04
Formed2017
Employees0
Volunteers31
FOUNDATION FOR THE NEW ENGLAND MEDICAL INNOVATION CENTER — Mission, Financials & Grants Received | Grantivo