AI Transparency Report
The Fogarty Institute For Innovation demonstrates a fluctuating financial landscape, with significant swings in revenue and expenses over the past decade. For instance, revenue in 2022 was $12,603,959, while in 2023 it dropped to $2,939,436. Similarly, expenses have varied, reaching a high of $7,630,781 in 2023. Despite these fluctuations, the organization consistently reports 0% officer compensation, indicating a commitment to directing funds towards its mission rather than executive salaries. The organization's assets have grown substantially, from $5,929,392 in 2019 to $21,350,391 in 2023, suggesting effective asset management or significant capital injections. However, the consistent reporting of 0% officer compensation across all filings is unusual for an organization of this size and could warrant further investigation into how leadership is compensated, if at all, or if these roles are entirely volunteer-based.