Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 2019.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
75 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
17 people listed on the 990; $820K paid to officers and key staff.
Richard Chapman’s $233K as Chief Science Officer is at the 71st percentile of top reported officer pay among 360 $1–10M medical research nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 7 named individuals · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| Jason Spangler | $77,150 | $391,169 | $335,000 | $140,802 |
| Richard Chapman | $233,155 | $279,786 | $270,375 | $257,500 |
| Tiffany Huth | $228,154 | $224,151 | $210,000 | $182,606 |
| Erica Malik | $171,500 | $210,000 | $101,625 | — |
| Zhwen Xie | — | — | — | $120,080 |
| Ushma Amish Patel | $109,980 | — | — | — |
| Vipan Sood Mbarph Mrpharms | — | — | — | $1,053 |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Improves healthcare value assessment through scientific advancement and practice improvement.
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Research Projects
IVI develops tools and methods that support multistakeholder decision making forvalue in healthcare.
Media Communications
The Foundation collaborates with healthcare stakeholders to engage in research, methods development, and health economic modeling focused on four core areas:1- Building tools to support decision making2- Improving the science of value measurement3- Conducting research to understand and quantify patient perspectives on value4- Engaging…
Stakeholder and Patient Engagement
Through intentional planning and practice, we seek to ensure patients are full participants and equal partners in our research design, execution, and evaluation.
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Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2025 990, line by line.
Download 990
| Line | Start FY25 | End FY25 |
|---|---|---|
| Cash and savingsLn 1–2 | $729K | $496K |
| Total assetsLn 16 | $854K | $689K |
| LiabilitiesLn 26 | $138K | $239K |
| Net assetsLn 32 | $717K | $450K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $82K | $63K | $15K | $5K |
| Other salaries and wagesLn 7 | $888K | $679K | $160K | $50K |
| Pension plan contributionsLn 8 | $31K | $21K | $8K | $2K |
| Other employee benefitsLn 9 | $204K | $149K | $46K | $9K |
| Payroll taxesLn 10 | $87K | $58K | $24K | $4K |
| Legal feesLn 11b | $13K | $13K | ||
| Accounting feesLn 11c | $41K | $41K | ||
| Other fees for servicesLn 11g | $409K | $371K | $28K | $11K |
| Office expensesLn 13 | $9K | $922 | $8K | |
| OccupancyLn 16 | $333 | $333 | ||
| TravelLn 17 | $13K | $13K | $71 | |
| Conferences, conventions and meetingsLn 19 | $5K | $5K | ||
| InsuranceLn 23 | $5K | $5K | ||
| Other expenses (24a–d)Ln 24 | $37K | $14K | $23K | |
| Total functional expensesLn 25 | $1.8M | $1.4M | $370K | $80K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest Viewing | $1.6M | $1.8M | −$210K | $450K | 990 PDF |
| FY2024 | $2.3M | $2.9M | −$611K | $717K | 990 PDF |
| FY2023 | $2.9M | $3.2M | −$306K | $1.3M | 990 PDF |
| FY2022 | $2.5M | $2.8M | −$325K | $1.6M | 990 PDF |
| FY2021 | $1.7M | $2.3M | −$594K | $2.0M | 990 PDF |
| FY2020 | $3.3M | $1.7M | $1.6M | $2.6M | 990 PDF |
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Schedules filed Part IV
See the full FY2025 990 (4 parts)
Part VIII · Statement of revenue $1,614,352 across 6 lines filed
Part IX · Statement of functional expenses $1,823,916 across 14 lines filed
Part X · Balance sheet $688,638 assets, 11 lines filed
Part XI · Reconciliation of net assets $449,962 net assets at year end
Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File
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