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Organizations Health Care Foundation for Innovation and Life Inc.

Foundation for Innovation and Life Inc.

Fiscal year ending 2023. Filed on November 14, 2024.

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 2023 IRS Form 990 filing, Foundation for Innovation and Life Inc., a 501(c)(3) charitable organization, reported compensation for 6 out of 146 total employees. Among the employees shown here, the average compensation is $604,553. The highest compensated employee at Foundation for Innovation and Life Inc. is Peter Markham with fiscal year 2023 compensation of $988,703. Foundation for Innovation and Life Inc. changed its name from Cbset Inc. in 2023.

Revenue, expenses, and employee compensation

Revenue

$12,113,960

Expenses

$16,006,527

Employee compensation

$9,905,746
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Peter Markham
President and Chief Executive Officer
$988,703
$777,464 No related comp$211,239
John Keating
Vice President Pathology
$668,876
$351,154 No related comp$317,722
Misty Williams-Fritze
Vice President VET SVCS
$636,590
$307,357 No related comp$329,233
Shannon Tierney
Vice President MED Writers/Hr
$586,687
$259,465 No related comp$327,222
Raffaele Melidone
Pathology
$473,103
$292,654 No related comp$180,449
Michael Naimark
Director, BUS DEV
$273,356
$246,207 No related comp$27,149

Benchmark Employee Compensation

Non-Employee Board Members

Campbell Rogers
Board Member
$7,500
$7,500 No related compNo other comp
Adam Groothuis
Treasurer/Clerk/Consultant
$7,500
$7,500 No related compNo other comp
Elazer Edelman
Board Member
No compensation reported

Contractors

Citrin Cooperman & CO
Accounting
$259,716
Arentfox Schiff LLP
Legal
$206,803
Focus Search Group
Recruiting
$198,436

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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