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EIN 27-0373299

Institute for Healthcare Optimization (IHO)

IRS 501(c) type
501(c)(3)
Num. employees
6
City
Newton
State
Massachusetts
Year formed
2009
Most recent tax filings
2021-04-01
NTEE code, primary
H90: Medical Specialty Research
Description
The mission of the Institute is to serve as a catalyst and to provide a vehicle for spreading the application of operations management and patient flow variability management techniques across the broader hospital community.
Total revenues
$1,346,910
2021
Total expenses
$1,283,650
2021
Total assets
$754,385
2021
Num. employees
6
2021

Program areas at IHO

Research and develop tools for application of operations management to Healthcare delivery including applied research under contracts with hospitals.
Educating and training Healthcare personnel on theory and application of scientific management methodologies.
Disseminating knowledge on successful application efforts.

Who funds Institute for Healthcare Optimization (IHO)

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Gordon E and Betty I Moore FoundationTo Support A Book Which Will Include A Description of Patient Flow As A Concept To Control Healthcare Quality and Cost.$50,000

Personnel at IHO

NameTitleCompensation
Meng H. KangVice President$145,050
Sandeep GreenSenior Vice President
Eugene LitvakPresident$289,654
Hakmeng KangClerk and Vice President - Strategic PRTNRSH$164,127
Lewis B PenneyFormer Secretary and Chief Operating Officer

Financials for IHO

RevenuesFYE 04/2021
Total grants, contributions, etc.$1,345,933
Program services$0
Investment income and dividends$977
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$1,346,910

Form 990s for IHO

Fiscal year endingDate received by IRSFormPDF link
2020-042021-04-14990View PDF
2019-042021-01-21990View PDF
2018-042019-06-19990View PDF
2017-042018-03-14990View PDF
2016-042017-07-14990View PDF
...and 5 more Form 990s
Data update history
May 25, 2022
Posted financials
Added Form 990 for fiscal year 2020
May 25, 2022
Used new vendors
Identified 2 new vendors, including , and
September 22, 2021
Received grants
Identified 1 new grant, including a grant for $50,000 from Gordon E and Betty I Moore Foundation
August 21, 2021
Posted financials
Added Form 990 for fiscal year 2019
September 30, 2020
Posted financials
Added Form 990 for fiscal year 2018
Nonprofit Types
Social advocacy organizationsMedical research organizationsCharities
Issues
Health
Characteristics
Conducts researchReceives government fundingTax deductible donations
General information
Address
7 Wells Ave No 23
Newton, MA 02459
Metro area
Boston-Cambridge-Newton, MA-NH
Website URL
ihoptimize.org/ 
Phone
(617) 467-3350
IRS details
EIN
27-0373299
Fiscal year end
April
Taxreturn type
Form 990
Year formed
2009
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
H90: Medical Specialty Research
NAICS code, primary
813319: Social Advocacy Organizations
Parent/child status
Independent
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