Foundation for the New England

Health care organization based in Providence, RI. 4 employees. Exempt under §501(c)(3).

MissionTHE 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,

EIN
82-2337450
State
RI
Sector
Health care
Budget band
$500K–$1M
Latest filing
TY 2024
Records
2 officers · 4 years

Financial snapshot · TY 2024

$724K
Total revenue
$567K
Total expenses
$178K
Net assets

Financial health · TY 2024

56
Moderate financial health
Composite score out of 100 based on reserve ratio, program efficiency, and revenue diversification.
Reserve ratio
19
3.5 months of expenses
Program efficiency
100
92% spent on programs
Revenue diversity
41
Mix of program fees, grants & contributions

Leadership compensation

Aidan Petrie
PRESIDENT
$58,920
23th percentile vs. peers
Tara Maey Petrie
EXECUTIVE DIRECTOR
$49,246
23th percentile vs. peers

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Foundation for the New England Executive Compensation | 990 Data | DoubleNine