Liabilities / Assets
73rd percentile
Higher debt load relative to assets than 73% of similar nonprofits.
EIN 57-1031624 • 501(c)3 • Charleston, SC
Profile
1. To support the educational, research, and healthcare mission of the medical university of south carolina (musc) by fostering creativity and innovation. 2. To initiate and sustain cooperation and collaboration between musc and business and industry. 3. Act as musc's intellectual property management and technology marketing arm. 4. Advance healthcare-related economic development for south carolina and the nation. 5. Support economic development through technology licensing.
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
Liabilities / Assets
73rd percentile
Higher debt load relative to assets than 73% of similar nonprofits.
Liabilities / Revenue
66th percentile
Higher debt load relative to revenue than 66% of similar nonprofits.
Net Margin
56th percentile
Higher net margin than 56% of similar nonprofits.
Top Officer Pay
Score unavailable
No filing with officer rows is available for this organization yet.
Asset Growth
33rd percentile
Faster asset growth than 33% of similar nonprofits.
Revenue Growth
58th percentile
Faster revenue growth than 58% of similar nonprofits.
Assets
Down$4,727,479
Down $13,362 (-0.3%) from 2024
Liabilities
Down$1,804,763
Down $265,618 (-13%) from 2024
Net Assets
Up$2,922,716
Up $252,256 (+9.4%) from 2024
Revenue
Up$5,644,410
Up $541,280 (+11%) from 2024
Expenses
Up$5,240,239
Up $750,261 (+17%) from 2024
Net Income
Down$404,171
Down $208,981 (-34%) from 2024
Most recent year
2025 • Form 990Detailed filing. Detailed filing data is available for this year.
1. To support the educational, research, and healthcare mission of the medical university of south carolina (musc) by fostering creativity and innovation.2. To initiate and sustain cooperation and collaboration between musc and business and industry.3. Act as musc's intellectual property management and technology marketing arm.4. Advance healthcare-related economic development for south carolina and the nation.5. Support economic development through technology licensing.
The foundation manages and markets intellectual property emanating from musc in order to expedite, for the public's benefit, the translation of ideas into procedures, devices, and products.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Cash and Non-Interest-Bearing Accounts | $2,806,855 | $1,390,534 | ▼ $1,416,321 |
| Other Notes and Loans Receivable, Net | $633,455 | $633,455 | → $0 |
| Savings and Temporary Cash Investments | $505,944 | $0 | ▼ $505,944 |
| Accounts Receivable | $722,584 | $484,827 | ▼ $237,757 |
| Prepaid Expenses and Deferred Charges | $66,801 | $58,669 | ▼ $8,132 |
| Land, Buildings, and Equipment, Net | $5,202 | $6,391 | ▲ $1,189 |
| Receivable From Disqualified Prsn | $0 | $0 | → $0 |
| Receivables From Officers Etc | $0 | $0 | → $0 |
| Investments Other Securities | $0 | - | - |
| Investments Program Related | $0 | - | - |
| Loans From Officers Directors | $0 | $0 | → $0 |
| Total Assets | $4,740,841 | $4,727,479 | ▼ $13,362 |
| Other Assets Total | $0 | $2,153,603 | ▲ $2,153,603 |
| Liabilities | |||
| Accounts Payable and Accrued Expenses | $1,292,585 | $1,555,189 | ▲ $262,604 |
| Other Liabilities | $736,774 | $143,895 | ▼ $592,879 |
| Deferred Revenue | $41,022 | $105,679 | ▲ $64,657 |
| Total Liabilities | $2,070,381 | $1,804,763 | ▼ $265,618 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $2,048,797 | $2,154,734 | ▲ $105,937 |
| Net Assets With Donor Restrictions | $621,663 | $767,982 | ▲ $146,319 |
| Total Net Assets Fund Balance | $2,670,460 | $2,922,716 | ▲ $252,256 |
| Total Liabilities and Net Assets / Fund Balance | $4,740,841 | $4,727,479 | ▼ $13,362 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Equipment | $6,391 | $324,991 | $331,382 |
| Other Assets Org | $2,153,603 | - | - |
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Todd Headley | CEO | FT | $297,110 | $37,708 | $334,818 |
| Rita Charboneau | General Counsel | FT | $207,862 | $45,938 | $253,800 |
| Joe Ruscito | VP of Medical Technologly | FT | $207,862 | $29,108 | $236,970 |
| Joe Fiore | VP | FT | $197,000 | $8,723 | $205,723 |
| Pamela Kaufman | Senior Director of IP | FT | $101,953 | $19,122 | $121,075 |
| Ramin Eskandari MS MD | Trustee | - | - | $40,611 | $40,611 |
| Name | Title |
|---|---|
| Anand Mehta DPhil | Trustee |
| James Chappell | Trustee |
| Jesse Goodwin PHD | Trustee |
| Lisa Drakeman PHD | Trustee |
| Mark Crowell | Trustee |
| Matt Gevaert PhD | Trustee |
| Terri Barnes | Trustee |
| Timothy L Stemmler PHD | Trustee |
| William Himmelsbach | Trustee |
| Contractor | Services | Location | Compensation |
|---|---|---|---|
| Riverside Law | Legal Fees | 175 Strafford Avenue Suite 100, Wayne, PA 19087 | $442,136 |
| Parker Highlander | Legal Fees | 1120 S Capital of Tx Highway, Austin, TX 78746 | $130,062 |
| Line Item | Amount |
|---|---|
| Other Expenses | $2,987,032 |
| Salaries, Compensation, and Employee Benefits | $2,253,207 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Royalties | $1,391,505 | - | - | $1,391,505 |
| Other Salaries and Wages | $1,291,610 | $33,611 | - | $1,325,221 |
| Fees for Services Legal | $971,243 | $85,406 | - | $1,056,649 |
| Current Officers, Directors, Trustees, and Key Employees | $835,187 | $92,799 | - | $927,986 |
| Office Expenses | $128,331 | $16,836 | - | $145,167 |
| Occupancy | $12,656 | $79,244 | - | $91,900 |
| Information Technology | $59,113 | - | - | $59,113 |
| Travel | - | $45,458 | - | $45,458 |
| Insurance | - | $20,583 | - | $20,583 |
| Other Expenses | $995 | $2,627 | - | $2,627 |
| Depreciation Depletion | - | $2,392 | - | $2,392 |
| All Other Expenses | $0 | $1,747 | $0 | $1,747 |
| Total Functional Expenses | $4,832,055 | $408,184 | $0 | $5,240,239 |
| Line Item | Amount |
|---|---|
| Expenses Not Reported on Financial Statements | $0 |
| Expenses Not Reported on Form 990 | $0 |
| Expenses per Audited Statements | $0 |
| Other Expense Adjustments | $0 |
| Total Expenses per Form 990 | $0 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
| Line Item | Beginning | End | Change |
|---|---|---|---|
| Loans from Officers, Directors, Trustees, and Key Employees | $0 | $0 | → $0 |
| Receivables from Disqualified Persons | $0 | $0 | → $0 |
| Receivables from Officers, Directors, Trustees, and Key Employees | $0 | $0 | → $0 |
| Liability | Amount |
|---|---|
| funds held for others | $108,994 |
| Federal Income Taxes | $34,901 |
| Due to Musc Physicians | - |
“The compensation for the executive director, officers, and key employees is a negotiated contract that is reviewed annually. The contracted amount is based on salary surveys and market analysis for each position. The compensation for the executive director is reviewed and approved by the board.”
“Pursuant to the Organization's bylaws the following roles shall be appointed by MUSC the Organization's Supported Organization. (a)Director shall be an MUSC trustee appointed by the chair or the board of trusts of MUSC (the "Trustee Director"). (b) The Chief Innovation Officer of MUSC shall serve, ex officio, as a Director (the "CInO"). (c) The CInO shall appoint one faculty member of MUSC to serve as a Director (the "Faculty Director"). (d) The Vice President of Research of MUSC (the "VPR") may serve or may, alternatively, appoint another individual to serve as a MUSC Director (the "VPR Designee").”
“The foundation uploads a copy of the 990 to a secure portal to which all board members have access to review prior to filing.”
“The foundation requires all board members and employees to annually review and complete the conflict of interest policy and disclosure. The policy is regulary monitored by the organization's supported organization: medical university of south carolina. In the event of a potential conflict during the year, the interested board member shall recuse himself/herself from all discussions and vote on the matter.”
“The foundation makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”
“equity adjustment due to affiliate FRD Accel - -233007; Total - -233007;”
“The process has not changed from the prior year.”
“The Foundation is exempt from federal income tax under Section 501(c)(3) of the Internal Revenue Code and therefore has made no provision for federal or state income taxes in the consolidated financial statements. In addition, the Foundation qualifies for the charitable contribution deduction under Section 170(b)(1)(A) and has been classified as an organization that is not a private foundation under Section 509(a)(3). Management has evaluated the tax positions of the Institute and does not believe that any uncertain tax positions or unrecognized tax benefits exist as of and for the years ended June 30, 2025 or 2024.”
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
| Path | # | Value |
|---|---|---|
| IRS990/AccountantCompileOrReviewInd | 0 | false |
| IRS990/AccountsPayableAccrExpnssGrp/BOYAmt | 0 | 1292585 |
| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 1555189 |
| IRS990/AccountsReceivableGrp/BOYAmt | 0 | 722584 |
| IRS990/AccountsReceivableGrp/EOYAmt | 0 | 484827 |
| IRS990/ActivitiesConductedPrtshpInd | 0 | false |
| IRS990/ActivityOrMissionDesc | 0 | THE FOUNDATION MANAGES AND MARKETS INTELLECTUAL PROPERTY EMANATING FROM MUSC IN ORDER TO EXPEDITE, FOR THE PUBLIC'S BENEFIT, THE TRANSLATION OF IDEAS INTO PROCEDURES, DEVICES, AND PRODUCTS. |
| IRS990/AllOtherExpensesGrp/FundraisingAmt | 0 | 0 |
| IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt | 0 | 1747 |
| IRS990/AllOtherExpensesGrp/ProgramServicesAmt | 0 | 0 |
| IRS990/AllOtherExpensesGrp/TotalAmt | 0 | 1747 |
| IRS990/AnnualDisclosureCoveredPrsnInd | 0 | true |
| IRS990/AuditCommitteeInd | 0 | true |
| IRS990/BackupWthldComplianceInd | 0 | true |
| IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt | 0 | The Organization |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 8438761900 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 135 Cannon Street Suite 101-L MSC |
| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | Charleston |
| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | SC |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 29425 |
| IRS990/BusinessRlnWith35CtrlEntInd | 0 | false |
| IRS990/BusinessRlnWithFamMemInd | 0 | false |
| IRS990/BusinessRlnWithOrgMemInd | 0 | false |
| IRS990/CashNonInterestBearingGrp/BOYAmt | 0 | 2806855 |
| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 1390534 |
| IRS990/ChangeToOrgDocumentsInd | 0 | false |
| IRS990/CntrctRcvdGreaterThan100KCnt | 0 | 2 |
| IRS990/CollectionsOfArtInd | 0 | false |
| IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt | 0 | 92799 |
| IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt | 0 | 835187 |
| IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt | 0 | 927986 |
| IRS990/CompensationFromOtherSrcsInd | 0 | false |
| IRS990/CompensationProcessCEOInd | 0 | true |
| IRS990/CompensationProcessOtherInd | 0 | true |
| IRS990/ConflictOfInterestPolicyInd | 0 | true |
| IRS990/ConservationEasementsInd | 0 | false |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | true |
| IRS990/ContractorCompensationGrp/CompensationAmt | 0 | 442136 |
| IRS990/ContractorCompensationGrp/CompensationAmt | 1 | 130062 |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt | 0 | 175 Strafford Avenue Suite 100 |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt | 1 | 1120 S Capital of Tx Highway |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm | 0 | Wayne |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm | 1 | Austin |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd | 0 | PA |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd | 1 | TX |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd | 0 | 19087 |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd | 1 | 78746 |
| IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt | 0 | Riverside Law |
| IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt | 1 | Parker Highlander |
| IRS990/ContractorCompensationGrp/ServicesDesc | 0 | Legal Fees |
| IRS990/ContractorCompensationGrp/ServicesDesc | 1 | Legal Fees |
| IRS990/CreditCounselingInd | 0 | false |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/CYContributionsGrantsAmt | 0 | 0 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/CYInvestmentIncomeAmt | 0 | 145121 |
| IRS990/CYOtherExpensesAmt | 0 | 2987032 |
| IRS990/CYOtherRevenueAmt | 0 | 405139 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 5094150 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | 404171 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 2253207 |
| IRS990/CYTotalExpensesAmt | 0 | 5240239 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 0 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 5644410 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | false |
| IRS990/DeductibleArtContributionInd | 0 | false |
| IRS990/DeductibleNonCashContriInd | 0 | false |
| IRS990/DeferredRevenueGrp/BOYAmt | 0 | 41022 |
| IRS990/DeferredRevenueGrp/EOYAmt | 0 | 105679 |
| IRS990/DelegationOfMgmtDutiesInd | 0 | false |
| IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt | 0 | 2392 |
| IRS990/DepreciationDepletionGrp/TotalAmt | 0 | 2392 |
| IRS990/Desc | 0 | THE FOUNDATION MANAGES AND MARKETS INTELLECTUAL PROPERTY EMANATING FROM MUSC IN ORDER TO EXPEDITE, FOR THE PUBLIC'S BENEFIT, THE TRANSLATION OF IDEAS INTO PROCEDURES, DEVICES, AND PRODUCTS. |
| IRS990/DescribedInSection501c3Ind | 0 | true |
| IRS990/DisregardedEntityInd | 0 | false |
| IRS990/DocumentRetentionPolicyInd | 0 | true |
| IRS990/DoingBusinessAsName/BusinessNameLine1Txt | 0 | ZUCKER INSTITUTE FOR INNOVATION COMMERCIALIZATION |
| IRS990/DonorAdvisedFundInd | 0 | false |
| IRS990/DonorRestrictionNetAssetsGrp/BOYAmt | 0 | 621663 |
| IRS990/DonorRestrictionNetAssetsGrp/EOYAmt | 0 | 767982 |
| IRS990/DonorRstrOrQuasiEndowmentsInd | 0 | false |
| IRS990/ElectionOfBoardMembersInd | 0 | true |
| IRS990/EmployeeCnt | 0 | 9 |
| IRS990/EmploymentTaxReturnsFiledInd | 0 | true |
| IRS990/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990/EscrowAccountInd | 0 | false |
| IRS990/ExpenseAmt | 0 | 2899233 |
| IRS990/FamilyOrBusinessRlnInd | 0 | false |
| IRS990/FederalGrantAuditRequiredInd | 0 | false |
| IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt | 0 | 85406 |
| IRS990/FeesForServicesLegalGrp/ProgramServicesAmt | 0 | 971243 |
| IRS990/FeesForServicesLegalGrp/TotalAmt | 0 | 1056649 |
| IRS990/FeesForServicesOtherGrp/FundraisingAmt | 0 | 0 |
| IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt | 0 | 0 |
| IRS990/FeesForServicesOtherGrp/ProgramServicesAmt | 0 | 0 |
| IRS990/FeesForServicesOtherGrp/TotalAmt | 0 | 0 |
| IRS990/ForeignActivitiesInd | 0 | false |
| IRS990/ForeignFinancialAccountInd | 0 | false |
| IRS990/ForeignOfficeInd | 0 | false |
| IRS990/Form8282PropertyDisposedOfInd | 0 | false |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 0 | 39.0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 1 | 39.0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 0 | 1.0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 1 | 1.0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 2 | 1.0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 3 | 1.0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 4 | 1.0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 5 | 1.0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 6 | 1.0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 7 | 1.0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 8 | 1.0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 9 | 1.0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 10 | 40.0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 11 | 40.0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 12 | 40.0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 13 | 40.0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 14 | 40.0 |
| IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 4 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 5 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 6 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 7 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 8 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 9 | X |
| IRS990/Form990PartVIISectionAGrp/KeyEmployeeInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/KeyEmployeeInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/KeyEmployeeInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 6 | 18394 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 9 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 10 | 19556 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 11 | 8723 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 12 | 29108 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 13 | 45938 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 14 | 19122 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 0 | Anand Mehta DPhil |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | James Chappell |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | Jesse Goodwin PHD |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | Lisa Drakeman PHD |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 4 | Mark Crowell |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 5 | Matt Gevaert PhD |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 6 | Ramin Eskandari MS MD |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 7 | Terri Barnes |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 8 | Timothy L Stemmler PHD |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 9 | William Himmelsbach |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 10 | Todd Headley |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 11 | Joe Fiore |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 12 | Joe Ruscito |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 13 | Rita Charboneau |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 14 | Pamela Kaufman |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 9 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 10 | 315262 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 11 | 197000 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 12 | 207862 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 13 | 207862 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 14 | 101953 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 0 | 217010 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 6 | 22217 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 9 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 10 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 11 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 12 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 13 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 14 | 0 |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 0 | Trustee |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | Trustee |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | Trustee |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | Trustee |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | Trustee |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | Trustee |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 6 | Trustee |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 7 | Trustee |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 8 | Trustee |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 9 | Trustee |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 10 | CEO |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 11 | VP |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 12 | VP of Medical Technologly |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 13 | General Counsel |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 14 | Senior Director of IP |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | true |
| IRS990/FormationYr | 0 | 1995 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | false |
| IRS990/FSAuditedInd | 0 | true |
| IRS990/FundraisingActivitiesInd | 0 | false |
| IRS990/GainOrLossGrp/OtherAmt | 0 | 0 |
| IRS990/GainOrLossGrp/SecuritiesAmt | 0 | 72308 |
| IRS990/GamingActivitiesInd | 0 | false |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 8 |
| IRS990/GrantsToIndividualsInd | 0 | false |
| IRS990/GrantsToOrganizationsInd | 0 | false |
| IRS990/GrantToRelatedPersonInd | 0 | false |
| IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt | 0 | 72308 |
| IRS990/GrossReceiptsAmt | 0 | 5644410 |
| IRS990/GroupReturnForAffiliatesInd | 0 | false |
| IRS990/IncludeFIN48FootnoteInd | 0 | true |
| IRS990/IndependentAuditFinclStmtInd | 0 | false |
| IRS990/IndependentVotingMemberCnt | 0 | 8 |
| IRS990/IndivRcvdGreaterThan100KCnt | 0 | 5 |
| IRS990/IndoorTanningServicesInd | 0 | false |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InfoInScheduleOPartXIIInd | 0 | X |
| IRS990/InfoInScheduleOPartXIInd | 0 | X |
| IRS990/InformationTechnologyGrp/ProgramServicesAmt | 0 | 59113 |
| IRS990/InformationTechnologyGrp/TotalAmt | 0 | 59113 |
| IRS990/InsuranceGrp/ManagementAndGeneralAmt | 0 | 20583 |
| IRS990/InsuranceGrp/TotalAmt | 0 | 20583 |
| IRS990/InvestmentIncomeGrp/ExclusionAmt | 0 | 72813 |
| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 72813 |
| IRS990/InvestmentInJointVentureInd | 0 | false |
| IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt | 0 | 0 |
| IRS990/InvestmentsProgramRelatedGrp/BOYAmt | 0 | 0 |
| IRS990/IRPDocumentCnt | 0 | 33 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LandBldgEquipAccumDeprecAmt | 0 | 324991 |
| IRS990/LandBldgEquipBasisNetGrp/BOYAmt | 0 | 5202 |
| IRS990/LandBldgEquipBasisNetGrp/EOYAmt | 0 | 6391 |
| IRS990/LandBldgEquipCostOrOtherBssAmt | 0 | 331382 |
| IRS990/LegalDomicileStateCd | 0 | SC |
| IRS990/LoanOutstandingInd | 0 | false |
| IRS990/LoansFromOfficersDirectorsGrp/BOYAmt | 0 | 0 |
| IRS990/LoansFromOfficersDirectorsGrp/EOYAmt | 0 | 0 |
| IRS990/LobbyingActivitiesInd | 0 | false |
| IRS990/LocalChaptersInd | 0 | false |
| IRS990/MaterialDiversionOrMisuseInd | 0 | false |
| IRS990/MembersOrStockholdersInd | 0 | false |
| IRS990/MethodOfAccountingAccrualInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | true |
| IRS990/MinutesOfGoverningBodyInd | 0 | true |
| IRS990/MiscellaneousRevenueGrp/ExclusionAmt | 0 | 0 |
| IRS990/MiscellaneousRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 0 |
| IRS990/MiscellaneousRevenueGrp/TotalRevenueColumnAmt | 0 | 0 |
| IRS990/MiscellaneousRevenueGrp/UnrelatedBusinessRevenueAmt | 0 | 0 |
| IRS990/MissionDesc | 0 | 1. TO SUPPORT THE EDUCATIONAL, RESEARCH, AND HEALTHCARE MISSION OF THE MEDICAL UNIVERSITY OF SOUTH CAROLINA (MUSC) BY FOSTERING CREATIVITY AND INNOVATION. 2. TO INITIATE AND SUSTAIN COOPERATION AND COLLABORATION BETWEEN MUSC AND BUSINESS AND INDUSTRY. 3. ACT AS MUSC'S INTELLECTUAL PROPERTY MANAGEMENT AND TECHNOLOGY MARKETING ARM. 4. ADVANCE HEALTHCARE-RELATED ECONOMIC DEVELOPMENT FOR SOUTH CAROLINA AND THE NATION. 5. SUPPORT ECONOMIC DEVELOPMENT THROUGH TECHNOLOGY LICENSING. |
| IRS990/MoreThan5000KToIndividualsInd | 0 | false |
| IRS990/MoreThan5000KToOrgInd | 0 | false |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | 2670460 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 2922716 |
| IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt | 0 | 72308 |
| IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt | 0 | 72308 |
| IRS990/NetUnrlzdGainsLossesInvstAmt | 0 | 81092 |
| IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt | 0 | 2048797 |
| IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt | 0 | 2154734 |
| IRS990/NondeductibleContributionsInd | 0 | false |
| IRS990/OccupancyGrp/ManagementAndGeneralAmt | 0 | 79244 |
| IRS990/OccupancyGrp/ProgramServicesAmt | 0 | 12656 |
| IRS990/OccupancyGrp/TotalAmt | 0 | 91900 |
| IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt | 0 | 16836 |
| IRS990/OfficeExpensesGrp/ProgramServicesAmt | 0 | 128331 |
| IRS990/OfficeExpensesGrp/TotalAmt | 0 | 145167 |
| IRS990/OfficerMailingAddressInd | 0 | false |
| IRS990/OnBehalfOfIssuerInd | 0 | false |
| IRS990/OperateHospitalInd | 0 | false |
| IRS990/Organization501c3Ind | 0 | X |
| IRS990/OrganizationFollowsFASB117Ind | 0 | X |
| IRS990/OtherAssetsTotalGrp/BOYAmt | 0 | 0 |
| IRS990/OtherAssetsTotalGrp/EOYAmt | 0 | 2153603 |
| IRS990/OtherChangesInNetAssetsAmt | 0 | -233007 |
| IRS990/OtherExpensesGrp/Desc | 0 | Prototype development |
| IRS990/OtherExpensesGrp/Desc | 1 | dues, memberships, and subscriptions |
| IRS990/OtherExpensesGrp/Desc | 2 | professional development |
| IRS990/OtherExpensesGrp/Desc | 3 | special activities |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 0 | 14523 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 1 | 12958 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 2 | 2627 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 0 | 136615 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 1 | 4800 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 2 | 995 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 136615 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 19323 |
| IRS990/OtherExpensesGrp/TotalAmt | 2 | 13953 |
| IRS990/OtherExpensesGrp/TotalAmt | 3 | 2627 |
| IRS990/OtherLiabilitiesGrp/BOYAmt | 0 | 736774 |
| IRS990/OtherLiabilitiesGrp/EOYAmt | 0 | 143895 |
| IRS990/OtherRevenueMiscGrp/BusinessCd | 0 | 900099 |
| IRS990/OtherRevenueMiscGrp/BusinessCd | 1 | 900099 |
| IRS990/OtherRevenueMiscGrp/Desc | 0 | patent expense recovery income |
| IRS990/OtherRevenueMiscGrp/Desc | 1 | other technology development income |
| IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt | 0 | 405014 |
| IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt | 1 | 125 |
| IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt | 0 | 405014 |
| IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt | 1 | 125 |
| IRS990/OtherRevenueTotalAmt | 0 | 405139 |
| IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt | 0 | 33611 |
| IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt | 0 | 1291610 |
| IRS990/OtherSalariesAndWagesGrp/TotalAmt | 0 | 1325221 |
| IRS990/OthNotesLoansReceivableNetGrp/BOYAmt | 0 | 633455 |
| IRS990/OthNotesLoansReceivableNetGrp/EOYAmt | 0 | 633455 |
| IRS990/PartialLiquidationInd | 0 | false |
| IRS990/PayPremiumsPrsnlBnftCntrctInd | 0 | false |
| IRS990/PoliciesReferenceChaptersInd | 0 | false |
| IRS990/PoliticalCampaignActyInd | 0 | false |
| IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt | 0 | 66801 |
| IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt | 0 | 58669 |
| IRS990/PrincipalOfcrBusinessName/BusinessNameLine1Txt | 0 | Todd Headley |
| IRS990/ProfessionalFundraisingInd | 0 | false |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 0 | 611710 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 1 | 900099 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 2 | 900099 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 3 | 900099 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 4 | 611710 |
| IRS990/ProgramServiceRevenueGrp/Desc | 0 | state contracts |
| IRS990/ProgramServiceRevenueGrp/Desc | 1 | Royalties |
| IRS990/ProgramServiceRevenueGrp/Desc | 2 | License Fees |
| IRS990/ProgramServiceRevenueGrp/Desc | 3 | program contributions |
| IRS990/ProgramServiceRevenueGrp/Desc | 4 | other grants/contracts |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 2600000 |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 1 | 1482129 |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 2 | 231500 |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 3 | 242162 |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 4 | 538359 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 0 | 2600000 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 1 | 1482129 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 2 | 231500 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 3 | 242162 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 4 | 538359 |
| IRS990/ProgSrvcAccomActy2Grp/Desc | 0 | THE FOUNDATION ASSISTS MUSC IN ACCOMPLISHING ITS EDUCATIONAL AND PUBLIC SERVICE MISSIONS BY SUPPORTING CONTINUING MEDICAL EDUCATION AND OTHER OPPORTUNITIES FOR MUSC FACULTY, RESIDENTS, AND MEDICAL STUDENTS. OTHER REGIONAL, NATIONAL AND INTERNATIONAL ATTENDEES AND FACULTY CONTRIBUTE TO THE EXCHANGE OF INFORMATION AND IDEAS. |
| IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt | 0 | 966411 |
| IRS990/ProgSrvcAccomActy2Grp/RevenueAmt | 0 | 1099858 |
| IRS990/ProgSrvcAccomActy3Grp/Desc | 0 | The Foundation is a 501(c)3 not-for-profit technology transfer office that acts as a point of contact for industry and entrepreneurs wishing to commercialize intellectual property from the Medical University of South Carolina (MUSC). |
| IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt | 0 | 966411 |
| IRS990/ProgSrvcAccomActy3Grp/RevenueAmt | 0 | 1099858 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990/PYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/PYContributionsGrantsAmt | 0 | 0 |
| IRS990/PYExcessBenefitTransInd | 0 | false |
| IRS990/PYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/PYInvestmentIncomeAmt | 0 | 94931 |
| IRS990/PYOtherExpensesAmt | 0 | 2620554 |
| IRS990/PYOtherRevenueAmt | 0 | 403741 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 4604458 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | 613152 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 1869424 |
| IRS990/PYTotalExpensesAmt | 0 | 4489978 |
| IRS990/PYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/PYTotalRevenueAmt | 0 | 5103130 |
| IRS990/QuidProQuoContributionsInd | 0 | false |
| IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt | 0 | 0 |
| IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt | 0 | 0 |
| IRS990/RcvFndsToPayPrsnlBnftCntrctInd | 0 | false |
| IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt | 0 | 0 |
| IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt | 0 | 0 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | 404171 |
| IRS990/RegularMonitoringEnfrcInd | 0 | true |
| IRS990/RelatedEntityInd | 0 | true |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | true |
| IRS990/RentalIncomeOrLossGrp/PersonalAmt | 0 | 0 |
| IRS990/RentalIncomeOrLossGrp/RealAmt | 0 | 0 |
| IRS990/ReportInvestmentsOtherSecInd | 0 | false |
| IRS990/ReportLandBuildingEquipmentInd | 0 | true |
| IRS990/ReportOtherAssetsInd | 0 | true |
| IRS990/ReportOtherLiabilitiesInd | 0 | true |
| IRS990/ReportProgramRelatedInvstInd | 0 | false |
| IRS990/RevenueAmt | 0 | 3299573 |
| IRS990/RoyaltiesGrp/ProgramServicesAmt | 0 | 1391505 |
| IRS990/RoyaltiesGrp/TotalAmt | 0 | 1391505 |
| IRS990/SavingsAndTempCashInvstGrp/BOYAmt | 0 | 505944 |
| IRS990/SavingsAndTempCashInvstGrp/EOYAmt | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd | 0 | false |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd | 0 | false |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd | 0 | false |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd | 0 | false |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd | 0 | false |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd | 0 | false |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd | 0 | false |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd | 0 | true |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd | 0 | false |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd | 0 | false |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd | 0 | false |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd | 0 | false |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind | 0 | false |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd | 0 | false |
No mirrored PDF or thumbnail assets are attached yet.