Civic Intelligence

Musc Foundation for Research Development

990 • Fiscal year 2016 • EIN 57-1031624

Jul 01, 2015 to Jun 30, 2016 • Filed on Feb 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

73rd percentile

0.36x

Higher debt load relative to assets than 73% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

63rd percentile

0.21x

Higher debt load relative to revenue than 63% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

48th percentile

1.5%

Higher net margin than 48% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

97th percentile

$414,301

Higher top officer pay than 97% of similar nonprofits.

Top officer pay equals 14.0% of source-year revenue.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

14th percentile

-8.6%

Faster asset growth than 14% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

25th percentile

-8.6%

Faster revenue growth than 25% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Assets

Down

$1,708,095

Down $160,318 (-8.6%) from 2015

Net Assets

Up

$1,096,556

Up $40,670 (+3.9%) from 2015

Liabilities

Down

$611,539

Down $200,988 (-25%) from 2015

Revenue

Down

$2,965,571

Down $278,433 (-8.6%) from 2015

Expenses

Down

$2,920,009

Down $10,248 (-0.3%) from 2015

Net Income

Down

$45,562

Down $268,185 (-85%) from 2015

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

2016

Assets$1,708,095
Liabilities$611,539
Net Assets$1,096,556

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

2016

Revenue$2,965,571
Expenses$2,920,009
Net Income$45,562
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Feb 8, 2017
Return Version
2015v3.0
Gross Receipts
$3,027,119
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$506,081$689,796▲ $183,715
Accounts Receivable$940,693$593,148▼ $347,545
Investments in Publicly Traded Securities$340,355$343,788▲ $3,433
Savings and Temporary Cash Investments$46,588$44,227▼ $2,361
Prepaid Expenses and Deferred Charges$23,713$28,090▲ $4,377
Land, Buildings, and Equipment, Net$8,977$6,963▼ $2,014
Total Assets$1,868,413$1,708,095▼ $160,318
Other Assets Total$2,006$2,083▲ $77
Liabilities
Accounts Payable and Accrued Expenses$690,515$381,455▼ $309,060
Deferred Revenue$112,922$222,814▲ $109,892
Unsecured Notes Loans Payable$9,090$7,270▼ $1,820
Total Liabilities$812,527$611,539▼ $200,988
Net Assets / Fund Balance
Unrestricted Net Assets$1,055,886$1,096,556▲ $40,670
Total Net Assets Fund Balance$1,055,886$1,096,556▲ $40,670
Total Liabilities and Net Assets / Fund Balance$1,868,413$1,708,095▼ $160,318

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$6,963$96,377$103,340
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Mr Michael RusnakExecutive DirectorFT$203,715-$203,715
Ms Karen LackeyHighest Compensated EmployeeFT$193,450-$193,450
Mr Robert R DonatoHighest Compensated EmployeeFT$160,556-$160,556
Dr Michael YostBoard Member--$149,321$149,321
Dr Jesse GoodwinHighest Compensated EmployeeFT$118,556-$118,556
Christine Dixon TheisingHighest Compensated EmployeeFT$101,248-$101,248
Ms Deanne LucasChief Financial OfficerFT$98,659-$98,659
Dr Lawrence S OlanoffEx Officio-$16,378-$16,378
Dr Layton MccurdyBoard Member--$7,995$7,995

Board Members and Trustees

NameTitle
Dr Cotesworth Fishburne JrBoard Member
Dr Kathleen T BradyBoard Member
Dr Lisa SaladinBoard Member
Dr Mark CurrieBoard Member
Dr Paul WilliamsonBoard Member
Dr Perry MolinoffBoard Member
Dr Raymond DuboisBoard Member
Dr Rick SchnellmanBoard Member
Dr Robert McquadeBoard Member
Joseph C McdonaldBoard Member
Michael E StavrinakisBoard Member
Mr Arthur PappasBoard Member
Mr Daniel D AdamsBoard Member
Ms Arlene MorrisBoard Member
William a BakerBoard Member

Highest Paid Contractors

ContractorServicesLocationCompensation
Parker Highlander PllcPatent Prosecution1120 S CAPITAL OF TEXAS HIGHWAY BL, Austin, TX 78746$131,183
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$2,941,986
Investment Income
$9,833
Other Revenue
$13,752
Change in Net Assets
$45,562

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,965,571
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-4,892
Total Revenue per Audited Statements
$2,960,679
Total Revenue per Form 990
$2,965,571
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,921,911
Salaries, Compensation, and Employee Benefits$998,098
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$962,071$36,027-$998,098
Royalties$443,461--$443,461
Fees for Services Legal$370,203$4,786-$374,989
Office Expenses$21,517$17,111-$38,628
Occupancy$389$36,655-$37,044
Travel$25,008$11,413-$36,421
Fees for Services Other$3,090$24,800-$27,890
All Other Expenses$15,718$10,133-$25,851
Other Expenses$21,459$11,180-$21,459
Insurance-$15,529-$15,529
Depreciation Depletion-$2,014-$2,014
Total Functional Expenses$2,750,361$169,648$0$2,920,009

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,920,009
Total Expenses per Audited Statements$2,920,009
Total Expenses per Form 990$2,920,009
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
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 11

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
2017-02-08
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 Decosimo LLC Pllc
Address
100 CALHOUN STREET SUITE 300, CHARLESTON, SC 29401
Preparer
Melonie Hammond-trace CPA
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 years ended june 30, 2016 or 2015.

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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/PersonNm18MS DEANNE LUCAS
IRS990/Form990PartVIISectionAGrp/PersonNm19MR MICHAEL RUSNAK
IRS990/Form990PartVIISectionAGrp/PersonNm20DR JESSE GOODWIN
IRS990/Form990PartVIISectionAGrp/PersonNm21CHRISTINE DIXON THEISING
IRS990/Form990PartVIISectionAGrp/PersonNm22MR ROBERT R DONATO
IRS990/Form990PartVIISectionAGrp/PersonNm23MS KAREN LACKEY
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
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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/TitleTxt6BOARD MEMBER
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 EMPLOYEE
IRS990/Form990PartVIISectionAGrp/TitleTxt21HIGHEST COMPENSATED EMPLOYEE
IRS990/Form990PartVIISectionAGrp/TitleTxt22HIGHEST COMPENSATED EMPLOYEE
IRS990/Form990PartVIISectionAGrp/TitleTxt23HIGHEST COMPENSATED EMPLOYEE
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/FormationYr01995
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/SecuritiesAmt0-449
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt018
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt061099
IRS990/GrossReceiptsAmt03027119
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt017
IRS990/IndivRcvdGreaterThan100KCnt05
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt015529
IRS990/InsuranceGrp/TotalAmt015529
IRS990/InvestmentIncomeGrp/ExclusionAmt010282
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt010282
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt0340355
IRS990/InvestmentsPubTradedSecGrp/EOYAmt0343788
IRS990/IRPDocumentCnt036
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt096377
IRS990/LandBldgEquipBasisNetGrp/BOYAmt08977
IRS990/LandBldgEquipBasisNetGrp/EOYAmt06963
IRS990/LandBldgEquipCostOrOtherBssAmt0103340
IRS990/LegalDomicileStateCd0SC
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt061548
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/NetAssetsOrFundBalancesBOYAmt01055886
IRS990/NetAssetsOrFundBalancesEOYAmt01096556
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-449
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-449
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-4892
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt036655
IRS990/OccupancyGrp/ProgramServicesAmt0389
IRS990/OccupancyGrp/TotalAmt037044
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt017111
IRS990/OfficeExpensesGrp/ProgramServicesAmt021517
IRS990/OfficeExpensesGrp/TotalAmt038628
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt02006
IRS990/OtherAssetsTotalGrp/EOYAmt02083
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0SUBCONTRACTS TO MUSC AN
IRS990/OtherExpensesGrp/Desc1SPECIAL ACTIVITIES
IRS990/OtherExpensesGrp/Desc2PROTOTYPE
IRS990/OtherExpensesGrp/Desc3PROFESSIONAL DEVELOPMEN
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt011180
IRS990/OtherExpensesGrp/ProgramServicesAmt0851707
IRS990/OtherExpensesGrp/ProgramServicesAmt113238
IRS990/OtherExpensesGrp/ProgramServicesAmt222500
IRS990/OtherExpensesGrp/ProgramServicesAmt321459
IRS990/OtherExpensesGrp/TotalAmt0851707
IRS990/OtherExpensesGrp/TotalAmt124418
IRS990/OtherExpensesGrp/TotalAmt222500
IRS990/OtherExpensesGrp/TotalAmt321459
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt013752
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt013752
IRS990/OtherRevenueTotalAmt013752
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt036027
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0962071
IRS990/OtherSalariesAndWagesGrp/TotalAmt0998098
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt023713
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt028090
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/RelatedOrExemptFuncIncomeAmt02251707
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1589778
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2100501
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02251707
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1589778
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2100501
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/ExpenseAmt0774268
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0753277
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt012583
IRS990/PYOtherExpensesAmt01982353
IRS990/PYOtherRevenueAmt099217
IRS990/PYProgramServiceRevenueAmt03132204
IRS990/PYRevenuesLessExpensesAmt0313747
IRS990/PYSalariesCompEmpBnftPaidAmt0947904
IRS990/PYTotalExpensesAmt02930257
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt03244004
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt045562
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0589778
IRS990/RoyaltiesGrp/ProgramServicesAmt0443461
IRS990/RoyaltiesGrp/TotalAmt0443461

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