Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $1,604,536

• 1f · All other contributions, gifts and grants

  $11,121,965

• 2a · Program service revenue: CONTRACT SERVICES

  total $22,783,525 · related or exempt $22,783,525

• 2b · Program service revenue: PARTICIPATION, MEETING

  total $9,807,602 · related or exempt $9,807,602

• 2c · Program service revenue: MEMBERSHIP DUES

  total $2,885,256 · related or exempt $2,885,256

• 2d · Program service revenue: OPEN SCHOOL

  total $2,044,663 · related or exempt $2,044,663

• 3 · Investment income

  total $4,506,875 · excluded $4,506,875

• 6a · Gross rents

  real property $1,444,104

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $1,444,104

• 6d · Net rental income or loss

  total $1,444,104 · excluded $1,444,104

• 7a · Gross sales of assets other than inventory

  securities $6,855,427

• 7b · Less cost or other basis and sales expenses

  securities $5,711,501

• 7c · Gain or loss

  securities $1,143,926

• 7d · Net gain or loss

  total $1,143,926 · excluded $1,143,926

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $403,600 · program services $403,600

• 3 · Grants to foreign organizations and individuals

  total $88,341 · program services $88,341

• 5 · Compensation of officers, directors and key employees

  total $6,772,522 · program services $3,386,261 · management and general $3,386,261

• 7 · Other salaries and wages

  total $24,406,620 · program services $18,657,700 · management and general $5,748,920

• 8 · Pension plan contributions

  total $561,441 · program services $477,225 · management and general $84,216

• 10 · Payroll taxes

  total $1,934,893 · program services $1,644,659 · management and general $290,234

• 11b · Fees: legal

  total $324,465 · program services $50,283 · management and general $274,182

• 11c · Fees: accounting

  total $179,277 · management and general $179,277

• 11f · Fees: investment management

  total $125,687 · management and general $125,687

• 11g · Fees: other

  total $11,564,038 · program services $10,864,312 · management and general $699,726

• 12 · Advertising and promotion

  total $324,413 · program services $294,864 · management and general $29,549

• 13 · Office expenses

  total $392,177 · program services $317,002 · management and general $75,175

• 14 · Information technology

  total $2,163,273 · program services $1,694,993 · management and general $468,280

• 16 · Occupancy

  total $1,993,490 · program services $1,686,541 · management and general $306,949

• 17 · Travel

  total $2,213,934 · program services $1,950,751 · management and general $263,183

• 19 · Conferences, conventions and meetings

  total $3,679,649 · program services $3,643,091 · management and general $36,558

• 22 · Depreciation, depletion and amortization

  total $725,382 · program services $584,529 · management and general $140,853

• 23 · Insurance

  total $291,548 · program services $1,744 · management and general $289,804

• 24a · Other expenses: INTERNATIONAL TAXES

  total $369,471 · program services $369,471

• 24b · Other expenses: MISCELLANEOUS

  total $351,719 · program services $329,160 · management and general $22,559

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $44,217,816 · end of year $32,611,624

• 3 · Pledges and grants receivable

  beginning of year $2,936,592 · end of year $2,002,687

• 4 · Accounts receivable

  beginning of year $8,800,749 · end of year $7,268,427

• 9 · Prepaid expenses and deferred charges

  beginning of year $1,530,111 · end of year $1,428,960

• 10a · Land, buildings and equipment: cost or other basis

  $13,939,576

• 10b · Land, buildings and equipment: accumulated depreciation

  $10,714,680

• 10c · Land, buildings and equipment, net

  beginning of year $3,577,111 · end of year $3,224,896

• 11 · Investments: publicly traded securities

  beginning of year $96,757,079 · end of year $106,689,625

• 12 · Investments: other securities

  beginning of year $250,000 · end of year $250,000

• 15 · Other assets

  beginning of year $10,063,347 · end of year $8,216,611

• 17 · Accounts payable and accrued expenses

  beginning of year $7,306,324 · end of year $3,465,949

• 19 · Deferred revenue

  beginning of year $8,454,208 · end of year $6,117,922

• 25 · Other liabilities

  beginning of year $24,121,172 · end of year $18,886,904

• 27 · Net assets without donor restrictions

  beginning of year $126,325,478 · end of year $130,335,836

• 28 · Net assets with donor restrictions

  beginning of year $1,925,623 · end of year $2,886,219

The filer's explanations (Part III)

PART I, LINE 1A

THE INSTITUTE PROVIDES CERTAIN MEMBERS OF THE LEADERSHIP TEAM A FLEXIBLE BENEFIT PLAN. COVERED EXECUTIVES ARE PROVIDED WITH A FLEXIBLE BENEFIT ALLOWANCE WHICH CAN BE USED TO SELECT CERTAIN BENEFITS, INCLUDING A CAPITAL ACCUMULATION ACCOUNT. THE CAPITAL ACCUMULATION ACCOUNTS ARE MAINTAINED BY THE INSTITUTE AND THE EXECUTIVES ARE NOT VESTED IN THEIR ACCOUNTS UNTIL THEY REACH 5 YEARS OF SERVICE. THE EXECUTIVES ARE UNSECURED CREDITORS OF THE INSTITUTE FOR THE AMOUNT OF THEIR CAPITAL ACCUMULATION ACCOUNTS. THIS BENEFIT PLAN IS EXAMINED IN THE COURSE OF OUR COMPENSATION REVIEW (DICTATED BY OUR COMPENSATION POLICY DESCRIBED IN SCHEDULE O), AND CONSIDERED FAIR, REASONABLE, AND WITHIN THE SAFE HARBOR GUIDELINES FOR EXECUTIVE COMPENSATION BY THE ORGANIZATION. IN ADDITION, OUR COMPENSATION STRUCTURE IS REVIEWED BY AN EXTERNAL COMPENSATION ADVISOR. IHI STRONGLY BELIEVES THAT THE ORGANIZATION NEEDS TO MAINTAIN ADEQUATE BENEFITS NECESSARY TO RETAIN THE TALENTED TEAM REQUIRED TO ACCOMPLISH OUR MISSION OF IMPROVING HEALTH AND HEALTH CARE WORLDWIDE.

PART I, LINE 1B

FIRST CLASS TRAVEL IHI'S TRAVEL POLICY REQUIRES THAT EMPLOYEES PERSONALLY PAY FOR ANY UPGRADE TO FIRST CLASS. ANY PURCHASE OF FIRST CLASS TICKETS WERE EXCEPTIONS DUE TO SPECIAL NEEDS AND APPROVED BY IHI MANAGEMENT. HOUSING ALLOWANCE THE INSTITUTE PROVIDES A HOUSING ALLOWANCE TO SODZI SODZI-TETTEY THESE AMOUNTS ARE INCLUDED IN TAXABLE INCOME AND REPORTED ON PART II COLUMN (B)(III).

PART I, LINE 4B

RETIREMENT PLANS NONQUALIFIED RETIREMENT PLAN COMPENSATION PAID THROUGH AN IRC SECTION 457 PLAN HAS BEEN DISCLOSED ON SCHEDULE J, COLUMN B(III) FOR EACH REPORTED INDIVIDUAL. KEDAR MATE - $79,456 PIERRE BARKER - $29,971 AMY HOSFORD-SWAN - $45,890 ROBERT LLOYD - $31,574 PATRICIA MCGAFFIGAN - $30,701 CATHLEEN DUFFY - $7,566 JENNIFER LENOCI-EDWARDS - $7,575 VALERIE SPALDING - $6,963 NEEL VORA - $7,020 JILL DUNCAN - $6,583 JENNIFER WALKER - $6,583 LESLIE NICHOL - $3,774 THE FOLLOWING INDIVIDUALS PARTICIPATED IN A NONQUALIFIED RETIREMENT PLAN UNDER IRC SECTION 457(F) AND HAVE NOT RECEIVED A TAXABLE DISTRIBUTION UNTIL VESTED. THE 2022 DEFERRED AMOUNTS ARE REPORTED AS DEFERRED COMPENSATION AND REPORTED IN PART II, COLUMN (C). CAMILLE BURNETT JEFFREY SALVON-HARMAN MELISSA PANAGIDES-BUSCH JAFET ARRIETA NANA TWUM-DANSO CLAIRE CARNES JOSH CLARK

PART I, LINE 7

NON-FIXED PAYMENTS THE PRESIDENT/CEO IS ELIGIBLE FOR AN ANNUAL NON-FIXED BONUS BASED ON A PERCENTAGE OF GROSS SALARY SUBJECT TO BENCHMARKING RESEARCH OF THE BUSINESS SECTOR BY EXTERNAL CONSULTANTS AND SUBJECT TO BOARD APPROVAL EACH YEAR.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• INSTITUTE FOR HEALTHCARE IMPROVEMENT MIDDLEEAST LLC

  HEALTHCARE CONSULTING · QA · income $3,966,274 · assets $2,471,556

  Directly controlled by IHI