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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations Health Care Foundation for Innovation and Life Inc.

Foundation for Innovation and Life Inc.

Fiscal year ending 2024. Filed on November 17, 2025.

19 Catlin Road
Brookline, Massachusetts 02445

Foundation for Innovation and Life Inc. (EIN: 20-4325286) has filed an IRS Form 990 since fiscal year 2017. In its fiscal year 2024 IRS Form 990 filing, Foundation for Innovation and Life Inc., a 501(c)(3) charitable organization, reported compensation for 0 out of 0 total employees. Foundation for Innovation and Life Inc. changed its name from Cbset Inc. in 2023.

Revenue, expenses, and employee compensation

Revenue

$523,933

Expenses

$635,866

Employee compensation

$25,000
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

No compensated employees were reported for this year (employee data available for 2023, 2022, 2021, 2020, 2019, 2018, 2017).

Non-Employee Board Members

Campbell Rogers
Board Member
$10,000
$10,000 No related compNo other comp
Adam Groothuis
Treasurer/Clerk/Consultant
$10,000
$10,000 No related compNo other comp
Peter Markham
President and Chief Executive Officer
$2,500
$2,500 No related compNo other comp
Elazer Edelman
Board Member
$2,500
$2,500 No related compNo other comp

Mission Statement

THE FOUNDATION'S MISSION IS TO HELP OUR SPONSORS DEVELOP UNIQUE TOOLS AND NOVEL METHODS TO PROMOTE EARLY DIAGNOSIS AND DEVELOP INNOVATIVE TREATMENTS FOR COMPLEX DISEASES. THE FOUNDATION SPECIALIZES IN THE DEVELOPMENT AND APPLICATION OF NOVEL MINIMALLY INVASIVE TECHNIQUES IN THE FIELDS OF CARDIOLOGY, ENDOSCOPY, SURGERY, DRUG, AND DEVICE DELIVERY, DRUG AND DEVICE SAFETY, AND DIAGNOSTIC IMAGING.

Revisions to this organization profile

November 17, 2025:
2024 Foundation for Innovation and Life Inc. 990 filed
November 14, 2024:
2023 Foundation for Innovation and Life Inc. 990 filed
November 9, 2023:
2022 Foundation for Innovation and Life Inc. 990 filed

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