Work with local, state and national health care providers and leaders, policy-makers and other experts to develop innovative solutions and strategies to provide cost effective health services for medicaid beneficiaries and children.
Key facts about Innovation Health Center
In short: Innovation Health Center gave $2.4M across 2 grants in 2025 (avg $1.2M), mostly in North Carolina. Source: 2025 IRS Form 990.
- EIN
- 81-3647085
- Latest 990 filing
- Form 990, 2025
- Annual giving (2025)
- $2,392,726
- Grants made (2025)
- 2
- Average grant
- $1,196,363
- Median grant
- $1,196,363
- Primary geography
- North Carolina (100% of itemized 2025 grant dollars)
Data from IRS Form 990, 2025; updated September 2026.
Financial Overview
From 2025 IRS Form 990 · View filing
Total Assets
—
Annual Giving
$2.4M
+411.6% YoY
Grant Count
2
+0.0% YoY
Avg Grant Size
$1.2M
+411.6% YoY
About Innovation Health Center
Based on IRS filings
Innovation Health Center is a public charity focused on Health, based in Raleigh, NC. IRS filing data is available from 2019 through 2025. In 2025, it awarded 2 grants totaling $2.4M. Net investment income was $356K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 2 itemized grants.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $468K (2024) to $2.4M (2025). In 2025 it made 2 grants totaling $2.4M.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2025
The largest 2025 recipient was UNC Chapel Hill ($2.2M). Together the top 2 received $2.4M.
Grant Size Distribution
6 grants across all recorded years
The most common grant size was in the $250–500K range: 3 grants of 6 (50%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| UNC Chapel Hill Chapel Hill, NC | Practice Support | $2,200,000 |
| Duke University Durham, NC | Practice Support | $192,726 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | — | $2,617,369 | $3,162,515 |
| Revenue | $382,534 | $420,949 | $599,300 |
| Expenses | $2,845,868 | $886,208 | $1,192,064 |
| Net Investment Income | $355,737 | $280,785 | $417,887 |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2020 (received by the IRS November 15, 2021)
- Updated Form 990 for fiscal year 2023 (received by the IRS November 13, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS November 17, 2025)
- Added Form 990 for fiscal year 2025 (received by the IRS May 8, 2026)
- Added Form 990 for fiscal year 2019 (received by the IRS November 16, 2020)
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Officers and directors from IRS filings
Innovation Health Center is led by Steven E. Wegner MD JD, President on every filing since 2019; 2 of 4 officers listed in 2025 are compensated.
Officers on the 2025 filing
Steven E. Wegner MD JD
President
On filings since 2019
20 hrs/week
$171K (2019) → $187K (2025)
Alan D. Stiles MD
Chair & Sp. Co
Chairman → Chair & Sp. Co, 2024
On filings since 2019
5.5 hrs/week
$25K (2024) → $50K (2025)
Joseph Ponzi MD
Director
Director Ef → Director, 2024
On filings since 2023
0.3 hrs/week
No compensation reported
Gregory L. Adams MD
Secretry & Treasurer
On filings since 2019
0.5 hrs/week
No compensation reported
Former officers (4)
- Former: Tim Bell (2022–2023) — Director Th
- Former: Troy Trygstad (2019–2021) — Director
- Former: Bo Bobbitt (2019–2020) — Advisor
- Former: John F. Whalley MD (2019) — Treasurer
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $187K, to Steven E Wegner MD JD (President). 2 officers or directors reported compensation on that filing.
Frequently asked questions about Innovation Health Center
How much does Innovation Health Center give each year?
Innovation Health Center gave $2.4M across 2 grants in 2025, according to its 2025 IRS Form 990. In 2024 it gave $468K across 2 grants.
What is Innovation Health Center?
Innovation Health Center is a public charity focused on Health, based in Raleigh, NC.
Where does Innovation Health Center operate?
Innovation Health Center has awarded grants in North Carolina.
What is Innovation Health Center's EIN?
Innovation Health Center's EIN (Employer Identification Number) is 81-3647085. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Here's the math on researching Innovation Health Center by hand.
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