Civic Intelligence

Musc Foundation for Research Development

990 • Fiscal year 2017 • EIN 57-1031624

Jul 01, 2016 to Jun 30, 2017 • Filed on Nov 08, 2017

19 Hagood Ave Msc 828 No 909Charleston, SC 29425

(843) 876-1900

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

78th percentile

0.44x

Higher debt load relative to assets than 78% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

70th percentile

0.29x

Higher debt load relative to revenue than 70% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

44th percentile

1.2%

Higher net margin than 44% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

93rd percentile

$269,346

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 8.6% of source-year revenue.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

80th percentile

19%

Faster asset growth than 80% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

52nd percentile

5.4%

Faster revenue growth than 52% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Up

$2,040,260

Up $332,165 (+19%) from 2016

Net Assets

Up

$1,142,084

Up $45,528 (+4.2%) from 2016

Liabilities

Up

$898,176

Up $286,637 (+47%) from 2016

Revenue

Up

$3,125,337

Up $159,766 (+5.4%) from 2016

Expenses

Up

$3,088,040

Up $168,031 (+5.8%) from 2016

Net Income

Down

$37,297

Down $8,265 (-18%) from 2016

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$6.0M$4.0M$2.0M$0Assets 2011: $1,062,746Liabilities 2011: $698,558Net Assets 2011: $364,1882011Assets 2012: $1,939,985Liabilities 2012: $949,813Net Assets 2012: $990,1722012Assets 2013: $1,729,697Liabilities 2013: $731,641Net Assets 2013: $998,0562013Assets 2014: $1,551,830Liabilities 2014: $805,263Net Assets 2014: $746,5672014Assets 2015: $1,868,413Liabilities 2015: $812,527Net Assets 2015: $1,055,8862015Assets 2016: $1,708,095Liabilities 2016: $611,539Net Assets 2016: $1,096,5562016Assets 2017: $2,040,260Liabilities 2017: $898,176Net Assets 2017: $1,142,0842017Assets 2018: $2,089,494Liabilities 2018: $1,119,377Net Assets 2018: $970,1172018Assets 2019: $3,025,150Liabilities 2019: $1,807,522Net Assets 2019: $1,217,6282019Assets 2020: $2,463,681Liabilities 2020: $1,427,445Net Assets 2020: $1,036,2362020Assets 2021: $2,385,184Liabilities 2021: $1,373,729Net Assets 2021: $1,011,4552021Assets 2022: $2,295,156Liabilities 2022: $1,212,919Net Assets 2022: $1,082,2372022Assets 2023: $4,066,384Liabilities 2023: $1,969,107Net Assets 2023: $2,097,2772023Assets 2024: $4,740,841Liabilities 2024: $2,070,381Net Assets 2024: $2,670,4602024Assets 2025: $4,727,479Liabilities 2025: $1,804,763Net Assets 2025: $2,922,7162025

Highlighted filing

2017

Assets$2,040,260
Liabilities$898,176
Net Assets$1,142,084

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2011: $2,262,304Expenses 2011: $2,179,954Net Income 2011: $82,3502011Revenue 2012: $4,956,161Expenses 2012: $4,335,039Net Income 2012: $621,1222012Revenue 2013: $1,961,622Expenses 2013: $1,947,142Net Income 2013: $14,4802013Revenue 2014: $1,971,338Expenses 2014: $2,243,217Net Income 2014: -$271,8792014Revenue 2015: $3,244,004Expenses 2015: $2,930,257Net Income 2015: $313,7472015Revenue 2016: $2,965,571Expenses 2016: $2,920,009Net Income 2016: $45,5622016Revenue 2017: $3,125,337Expenses 2017: $3,088,040Net Income 2017: $37,2972017Revenue 2018: $3,116,614Expenses 2018: $3,269,614Net Income 2018: -$153,0002018Revenue 2019: $3,540,679Expenses 2019: $3,385,373Net Income 2019: $155,3062019Revenue 2020: $2,674,099Expenses 2020: $2,857,811Net Income 2020: -$183,7122020Revenue 2021: $2,800,961Expenses 2021: $2,846,474Net Income 2021: -$45,5132021Revenue 2022: $2,958,222Expenses 2022: $2,860,818Net Income 2022: $97,4042022Revenue 2023: $5,473,075Expenses 2023: $4,631,860Net Income 2023: $841,2152023Revenue 2024: $5,103,130Expenses 2024: $4,489,978Net Income 2024: $613,1522024Revenue 2025: $5,644,410Expenses 2025: $5,240,239Net Income 2025: $404,1712025

Highlighted filing

2017

Revenue$3,125,337
Expenses$3,088,040
Net Income$37,297
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Nov 8, 2017
Return Version
2016v3.0
Gross Receipts
$3,210,116
Mission and Program Overview

Mission

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. 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. This focus includes digestive disease, psychiatry and cardiology.the foundation provides research support to musc faculty to further the innovative process and expedite, for the public benefit, the translation of ideas into procedures, devices and products.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$689,796$861,121▲ $171,325
Accounts Receivable$593,148$742,952▲ $149,804
Investments in Publicly Traded Securities$343,788$348,989▲ $5,201
Savings and Temporary Cash Investments$44,227$51,099▲ $6,872
Prepaid Expenses and Deferred Charges$28,090$29,162▲ $1,072
Land, Buildings, and Equipment, Net$6,963$4,949▼ $2,014
Total Assets$1,708,095$2,040,260▲ $332,165
Other Assets Total$2,083$1,988▼ $95
Liabilities
Accounts Payable and Accrued Expenses$381,455$535,377▲ $153,922
Other Liabilities$202,516$324,639▲ $122,123
Deferred Revenue$20,298$32,798▲ $12,500
Unsecured Notes Loans Payable$7,270$5,362▼ $1,908
Total Liabilities$611,539$898,176▲ $286,637
Net Assets / Fund Balance
Unrestricted Net Assets$1,096,556$1,142,084▲ $45,528
Total Net Assets Fund Balance$1,096,556$1,142,084▲ $45,528
Total Liabilities and Net Assets / Fund Balance$1,708,095$2,040,260▲ $332,165

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$4,949$98,391$103,340
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Michael RusnakExecutive DirectorFT$212,995$56,351$269,346
Karen LackeyHighest Compensated EmployFT$193,228$50,463$243,691
Robert R DonatoHighest Compensated EmployFT$162,402$41,321$203,723
Christine Dixon TheisingHighest Compensated EmployFT$105,205$28,811$134,016
Deanne LucasChief Financial OfficerFT$100,996$26,226$127,222
Lawrence S Olanoff Md PhdEx Officio-$17,751$13,199$30,950
Nancy Demore Md FacsBoard Member--$28,817$28,817
Layton Mccurdy MdBoard Member--$70$70

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Gibbons PCLegal ServicesPO BOX 5177, New York, NY 10087$156,375
Parker Highlander PllcLegal Services1120 S CAPITAL OF TEXAS HIGHWAY BL, Austin, TX 78746$113,755
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$2,961,637
Investment Income
$149,279
Other Revenue
$14,421
Change in Net Assets
$37,297

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,125,337
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$8,231
Total Revenue per Audited Statements
$3,133,568
Total Revenue per Form 990
$3,125,337
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,074,690
Salaries, Compensation, and Employee Benefits$1,013,350
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$895,492$117,858-$1,013,350
Royalties$603,103--$603,103
Fees for Services Legal$364,557$4,724-$369,281
Travel$26,035$15,109-$41,144
All Other Expenses$22,575$15,235-$37,810
Occupancy$166$36,445-$36,611
Fees for Services Other$780$26,210-$26,990
Office Expenses$6,986$12,507-$19,493
Other Expenses$18,846$429-$19,275
Insurance-$15,271-$15,271
Depreciation Depletion-$2,014-$2,014
Total Functional Expenses$2,781,909$306,131$0$3,088,040

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,088,040
Total Expenses per Audited Statements$3,088,040
Total Expenses per Form 990$3,088,040
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Funds Held for Others$324,639
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

Upon completion of form 990, it is presented to the finance and audit committee for review. This committee acts on behalf of the entire board in approving the filing of the foundation's tax return. At this time, any questions or concerns are answered by the executive director and cfo. Once approved, form 990 is filed.

Form 990, Part VI, Section B, Line 12C

The foundation requires all board members and employees to annually review and complete the conflict of interest policy and disclosure.

Form 990, Part VI, Section B, Line 15

The executive director's salary is a negotiated contract that is reviewed annually. The contracted amount is based on salary surveys and market analysis for this position.

Form 990, Part VI, Section C, Line 19

The foundation makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Musc Foundation for Research Development
EIN
57-1031624
Phone
8438761900
Address
19 HAGOOD AVE MSC 828 NO 909, CHARLESTON, SC 29425

Signing Officer

Name
Michael Rusnak
Title
Executive Director
Phone
8438761900
Signed
2017-11-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Rusnak
Formed
1995
Legal Domicile
Sc
Voting Board Members
18
Independent Board Members
17
Employees
0
Volunteers
0

Preparer

Firm
Elliott Davis LLC Pllc
Address
100 CALHOUN STREET SUITE 300, CHARLESTON, SC 29401
Preparer
Brandon T Renaud
Phone
8435777040
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

The process has not changed.

Financial Statement Notes

PART X, LINE 2:

Management has evaluated the tax positions of the foundation and does not believe that any uncertain tax positions or unrecognized tax benefits exist for the year ended june 30, 2017.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/PersonNm17MICHAEL YOST PHD
IRS990/Form990PartVIISectionAGrp/PersonNm18DEANNE LUCAS
IRS990/Form990PartVIISectionAGrp/PersonNm19MICHAEL RUSNAK
IRS990/Form990PartVIISectionAGrp/PersonNm20CHRISTINE DIXON THEISING
IRS990/Form990PartVIISectionAGrp/PersonNm21ROBERT R DONATO
IRS990/Form990PartVIISectionAGrp/PersonNm22KAREN LACKEY
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt160
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt19212995
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20105205
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt21162402
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt22193228
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt270
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt210
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt220
IRS990/Form990PartVIISectionAGrp/TitleTxt0BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt1BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt2BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt7EX OFFICIO
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt10BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt11BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt12BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt13BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt14BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt15BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt16BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt17BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt18CHIEF FINANCIAL OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt19EXECUTIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20HIGHEST COMPENSATED EMPLOY
IRS990/Form990PartVIISectionAGrp/TitleTxt21HIGHEST COMPENSATED EMPLOY
IRS990/Form990PartVIISectionAGrp/TitleTxt22HIGHEST COMPENSATED EMPLOY
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/FormationYr01995
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/SecuritiesAmt0138626
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt018
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt0223405
IRS990/GrossReceiptsAmt03210116
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt017
IRS990/IndivRcvdGreaterThan100KCnt05
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt015271
IRS990/InsuranceGrp/TotalAmt015271
IRS990/InvestmentIncomeGrp/ExclusionAmt010653
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt010653
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt0343788
IRS990/InvestmentsPubTradedSecGrp/EOYAmt0348989
IRS990/IRPDocumentCnt033
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt098391
IRS990/LandBldgEquipBasisNetGrp/BOYAmt06963
IRS990/LandBldgEquipBasisNetGrp/EOYAmt04949
IRS990/LandBldgEquipCostOrOtherBssAmt0103340
IRS990/LegalDomicileStateCd0SC
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt084779
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc01. 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/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt01096556
IRS990/NetAssetsOrFundBalancesEOYAmt01142084
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0138626
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0138626
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt08231
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt036445
IRS990/OccupancyGrp/ProgramServicesAmt0166
IRS990/OccupancyGrp/TotalAmt036611
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt012507
IRS990/OfficeExpensesGrp/ProgramServicesAmt06986
IRS990/OfficeExpensesGrp/TotalAmt019493
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt02083
IRS990/OtherAssetsTotalGrp/EOYAmt01988
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0SUBCONTRACTS TO MUSC AN
IRS990/OtherExpensesGrp/Desc1SPECIAL ACTIVITIES
IRS990/OtherExpensesGrp/Desc2BAD DEBT EXPENSE
IRS990/OtherExpensesGrp/Desc3PROFESSIONAL DEVELOPMEN
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt047528
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt112801
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2429
IRS990/OtherExpensesGrp/ProgramServicesAmt0733471
IRS990/OtherExpensesGrp/ProgramServicesAmt172542
IRS990/OtherExpensesGrp/ProgramServicesAmt237356
IRS990/OtherExpensesGrp/ProgramServicesAmt318846
IRS990/OtherExpensesGrp/TotalAmt0780999
IRS990/OtherExpensesGrp/TotalAmt185343
IRS990/OtherExpensesGrp/TotalAmt237356
IRS990/OtherExpensesGrp/TotalAmt319275
IRS990/OtherLiabilitiesGrp/BOYAmt0202516
IRS990/OtherLiabilitiesGrp/EOYAmt0324639
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt014421
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt014421
IRS990/OtherRevenueTotalAmt014421
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0117858
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0895492
IRS990/OtherSalariesAndWagesGrp/TotalAmt01013350
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt028090
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt029162
IRS990/PrincipalOfficerNm0MICHAEL RUSNAK
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/BusinessCd2900099
IRS990/ProgramServiceRevenueGrp/Desc0STATE CONTRACTS
IRS990/ProgramServiceRevenueGrp/Desc1LICENSE FEES
IRS990/ProgramServiceRevenueGrp/Desc2PROGRAM CONTRIBUTIONS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt02186718
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1595179
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2179740
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02186718
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1595179
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2179740
IRS990/ProgSrvcAccomActy2Grp/Desc0THE 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. THIS FOCUS INCLUDES DIGESTIVE DISEASE, PSYCHIATRY AND CARDIOLOGY.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0707906
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0689140
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt09833
IRS990/PYOtherExpensesAmt01921911
IRS990/PYOtherRevenueAmt013752
IRS990/PYProgramServiceRevenueAmt02941986
IRS990/PYRevenuesLessExpensesAmt045562
IRS990/PYSalariesCompEmpBnftPaidAmt0998098
IRS990/PYTotalExpensesAmt02920009
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02965571
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt037297
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt02272497
IRS990/RoyaltiesGrp/ProgramServicesAmt0603103

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$4.73$1.80$2.92$5.64$5.24$0.40
2024Detailed filing. Detailed filing data is available for this year.$4.74$2.07$2.67$5.10$4.49$0.61
2023Detailed filing. Detailed filing data is available for this year.$4.07$1.97$2.10$5.47$4.63$0.84
2022Detailed filing. Detailed filing data is available for this year.$2.30$1.21$1.08$2.96$2.86$0.10
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.39$1.37$1.01$2.80$2.85$0.05
2020Detailed filing. Detailed filing data is available for this year.$2.46$1.43$1.04$2.67$2.86$0.18
2019Detailed filing. Detailed filing data is available for this year.$3.03$1.81$1.22$3.54$3.39$0.16
2018Detailed filing. Detailed filing data is available for this year.$2.09$1.12$0.97$3.12$3.27$0.15
2017Detailed filing. Detailed filing data is available for this year.$2.04$0.90$1.14$3.13$3.09$0.04
2016Detailed filing. Detailed filing data is available for this year.$1.71$0.61$1.10$2.97$2.92$0.05
2015Summary only. Only limited summary data is available for this year.$1.87$0.81$1.06$3.24$2.93$0.31
2014Summary only. Only limited summary data is available for this year.$1.55$0.81$0.75$1.97$2.24$0.27
2013Summary only. Only limited summary data is available for this year.$1.73$0.73$1.00$1.96$1.95$0.01
2012Summary only. Only limited summary data is available for this year.$1.94$0.95$0.99$4.96$4.34$0.62
2011Summary only. Only limited summary data is available for this year.$1.06$0.70$0.36$2.26$2.18$0.08