Civic Intelligence

Musc Foundation for Research Development

990 • Fiscal year 2023 • EIN 57-1031624

Jul 01, 2022 to Jun 30, 2023 • Filed on May 13, 2024

Organization ProfileZUCKERINNOVATION.ORG

View Organization Page

135 Cannon Street Msc 828 No 101LCharleston, SC 29425

(843) 876-1900

Siviq Scores

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

Liabilities / Assets

79th percentile

0.48x

Higher debt load relative to assets than 79% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Liabilities / Revenue

66th percentile

0.36x

Higher debt load relative to revenue than 66% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Net Margin

70th percentile

15%

Higher net margin than 70% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Top Officer Pay

89th percentile

$316,268

Higher top officer pay than 89% of similar nonprofits.

Top officer pay equals 5.8% of source-year revenue.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Asset Growth

93rd percentile

77%

Faster asset growth than 93% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Revenue Growth

91st percentile

85%

Faster revenue growth than 91% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets79th percentile

Assets

Up

$4,066,384

Up $1,771,228 (+77%) from 2022

Net Assets

Up

$2,097,277

Up $1,015,040 (+94%) from 2022

Liabilities

Up

$1,969,107

Up $756,188 (+62%) from 2022

Revenue And Expenses
Liabilities / Revenue66th percentileNet Margin70th percentile

Revenue

Up

$5,473,075

Up $2,514,853 (+85%) from 2022

Expenses

Up

$4,631,860

Up $1,771,042 (+62%) from 2022

Net Income

Up

$841,215

Up $743,811 (+764%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth93rd percentile

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

2023

Assets$4,066,384
Liabilities$1,969,107
Net Assets$2,097,277
Open 2023 Filing

Operations Trend

Revenue Growth91st percentile

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

2023

Revenue$5,473,075
Expenses$4,631,860
Net Income$841,215
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
May 13, 2024
Return Version
2022v5.0
Gross Receipts
$5,473,075
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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$1,051,627$2,390,498▲ $1,338,871
Other Notes and Loans Receivable, Net-$633,455-
Investments in Publicly Traded Securities$515,946--
Accounts Receivable$760,171$475,411▼ $284,760
Savings and Temporary Cash Investments-$470,733-
Prepaid Expenses and Deferred Charges$36,437$51,159▲ $14,722
Land, Buildings, and Equipment, Net$21,003$45,128▲ $24,125
Total Assets$2,385,184$4,066,384▲ $1,681,200
Liabilities
Other Liabilities$678,654$984,725▲ $306,071
Accounts Payable and Accrued Expenses$666,075$984,382▲ $318,307
Deferred Revenue$23,438--
Unsecured Notes Loans Payable$5,562--
Total Liabilities$1,373,729$1,969,107▲ $595,378
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,011,455$1,942,147▲ $930,692
Net Assets With Donor Restrictions-$155,130-
Total Net Assets Fund Balance$1,011,455$2,097,277▲ $1,085,822
Total Liabilities and Net Assets / Fund Balance$2,385,184$4,066,384▲ $1,681,200

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$45,128$278,111$323,239
Compensation and Service Providers
Top Officer Pay89th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Rita CharboneauTechnology Transfer AttorneyFT$134,018$25,920$159,938
Troy HuthAssociate DirectorFT$132,048$7,573$139,621
Paul AsperSenior VP, Commercialization and OperaFT$119,162$11,901$131,063
Ramin Eskandari Ms MdBoard Member--$38,540$38,540
Lawrence Olanoff Md PhdEx OfficioPT$16,383$14,151$30,534

Board Members and Trustees

NameTitle
Joseph McdonaldChair - E
Michael Yost PhdChairperson / Executive Director
Art Pappas MbaBoard Member
Charles SchulzeBoard Member
Deborah Geraghty PhdBoard Member
Jack HarveyBoard Member
James ChappellBoard Member
Jesse Goodwin PhdBoard Member
Lisa Drakeman PhdBoard Member
Lisa SaladinBoard Member
Lori Mcmahon PhdBoard Member
Mark CrowellBoard Member
Nancy Demore MdBoard Member
Robert Mcquade PhdBoard Member
Sherry FarrugiaBoard Member
Terri BarnesBoard Member
William HimmelsbachBoard Member
Arlene MorrisEmeritus
Perry Molinoff MdEmeritus

Highest Paid Contractors

ContractorServicesLocationCompensation
Riverside LawLegal Fees175 STRAFFORD AVE STE 100, Wayne, PA 19087$107,087
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$4,962,009
Investment Income
$76,566
Other Revenue
$434,500
Change in Net Assets
$841,215
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,161,114
Salaries, Compensation, and Employee Benefits$1,470,746
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Royalties$1,656,429--$1,656,429
Other Salaries and Wages$1,217,967$252,779-$1,470,746
Fees for Services Legal$925,866$93,979-$1,019,845
Occupancy$915$64,441-$65,356
Office Expenses$28,003$29,672-$57,675
Travel$21,341$28,379-$49,720
Insurance-$17,536-$17,536
Information Technology$15,191$1,848-$17,039
Depreciation Depletion-$8,289-$8,289
All Other Expenses-$7,776-$7,776
Other Expenses$5,502$694-$5,502
Total Functional Expenses$4,126,467$505,393$0$4,631,860
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$510,760
Due to Musc Physicians$473,965
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
Yes
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 A, Line 4

“Frd amended its articles and bylaws to reduce the size of its board of directors to 9. Of the 9, 4 directors are appointed by musc, and the remaining 5 directors are independent and serving at-large, without employment or engagement by musc."”

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

“The foundation uploads a copy of the 990 to a secure portal to which all board members have access to review prior to filing.”

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. 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.”

Form 990, Part VI, Section B, Line 15

“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.”

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
135 CANNON STREET MSC 828 NO 101L, CHARLESTON, SC 29425
Doing Business As
Zucker Institute for Innovation Commercialization

Signing Officer

Name
Todd Headley
Title
CEO
Phone
8438761900
Signed
2024-05-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Todd Headley
Formed
1995
Legal Domicile
Sc
Voting Board Members
21
Independent Board Members
16
Employees
0
Volunteers
8

Preparer

Firm
Forvis Llp
Address
500 RIDGEFIELD COURT, ASHEVILLE, NC 28806
Preparer
Amy Bibby
Phone
8282542254
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Change in equity 244,280.”

Form 990, Part XII, Line 2C

“The process has not changed from the prior year.”

Financial Statement Notes

PART X, LINE 2:

“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 year ended june 30, 2023.”

Raw XML AppendixShowing 400 of 732 raw XML fields

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/PersonNm22RITA CHARBONEAU
IRS990/Form990PartVIISectionAGrp/PersonNm23TROY HUTH
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt8223597
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt9285154
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt180
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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/TitleTxt7BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt10BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt11BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt12BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt13CHAIR - E
IRS990/Form990PartVIISectionAGrp/TitleTxt14BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt15EMERITUS
IRS990/Form990PartVIISectionAGrp/TitleTxt16EMERITUS
IRS990/Form990PartVIISectionAGrp/TitleTxt17EX OFFICIO
IRS990/Form990PartVIISectionAGrp/TitleTxt18BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt19BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt20CHAIRPERSON / EXECUTIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21SENIOR VP, COMMERCIALIZATION AND OPERA
IRS990/Form990PartVIISectionAGrp/TitleTxt22TECHNOLOGY TRANSFER ATTORNEY
IRS990/Form990PartVIISectionAGrp/TitleTxt23ASSOCIATE DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01995
IRS990/FormerOfcrEmployeesListedInd00
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IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt021
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt05473075
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt016
IRS990/IndivRcvdGreaterThan100KCnt03
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt01848
IRS990/InformationTechnologyGrp/ProgramServicesAmt015191
IRS990/InformationTechnologyGrp/TotalAmt017039
IRS990/InsuranceGrp/ManagementAndGeneralAmt017536
IRS990/InsuranceGrp/TotalAmt017536
IRS990/InvestmentIncomeGrp/ExclusionAmt076566
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt076566
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt0515946
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0278111
IRS990/LandBldgEquipBasisNetGrp/BOYAmt021003
IRS990/LandBldgEquipBasisNetGrp/EOYAmt045128
IRS990/LandBldgEquipCostOrOtherBssAmt0323239
IRS990/LegalDomicileStateCd0SC
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/NetAssetsOrFundBalancesBOYAmt01011455
IRS990/NetAssetsOrFundBalancesEOYAmt02097277
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0327
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt01011455
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt01942147
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt064441
IRS990/OccupancyGrp/ProgramServicesAmt0915
IRS990/OccupancyGrp/TotalAmt065356
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt029672
IRS990/OfficeExpensesGrp/ProgramServicesAmt028003
IRS990/OfficeExpensesGrp/TotalAmt057675
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt0244280
IRS990/OtherExpensesGrp/Desc0PROTOTYPE DEVELOPMENT
IRS990/OtherExpensesGrp/Desc1PATENT WRITE OFF
IRS990/OtherExpensesGrp/Desc2DUES, MEMBERSHIPS, AND
IRS990/OtherExpensesGrp/Desc3PROFESSIONAL DEVELOPMEN
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0694
IRS990/OtherExpensesGrp/ProgramServicesAmt0127175
IRS990/OtherExpensesGrp/ProgramServicesAmt1121662
IRS990/OtherExpensesGrp/ProgramServicesAmt26416
IRS990/OtherExpensesGrp/ProgramServicesAmt35502
IRS990/OtherExpensesGrp/TotalAmt0127175
IRS990/OtherExpensesGrp/TotalAmt1121662
IRS990/OtherExpensesGrp/TotalAmt27110
IRS990/OtherExpensesGrp/TotalAmt35502
IRS990/OtherLiabilitiesGrp/BOYAmt0678654
IRS990/OtherLiabilitiesGrp/EOYAmt0984725
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/BusinessCd1900099
IRS990/OtherRevenueMiscGrp/Desc0PATENT EXPENSE RECOVER
IRS990/OtherRevenueMiscGrp/Desc1MISCELLANEOUS INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0420645
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt113855
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0420645
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt113855
IRS990/OtherRevenueTotalAmt0434500
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0252779
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01217967
IRS990/OtherSalariesAndWagesGrp/TotalAmt01470746
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0633455
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt036437
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt051159
IRS990/PrincipalOfficerNm0TODD HEADLEY
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/BusinessCd2900099
IRS990/ProgramServiceRevenueGrp/BusinessCd3900099
IRS990/ProgramServiceRevenueGrp/BusinessCd4611710
IRS990/ProgramServiceRevenueGrp/Desc0STATE CONTRACTS
IRS990/ProgramServiceRevenueGrp/Desc1ROYALTIES
IRS990/ProgramServiceRevenueGrp/Desc2LICENSE FEES
IRS990/ProgramServiceRevenueGrp/Desc3PROGRAM CONTRIBUTIONS
IRS990/ProgramServiceRevenueGrp/Desc4OTHER GRANTS/CONTRACTS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt02600000
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt11272698
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2746200
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt3283111
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt460000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02600000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt11272698
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2746200
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3283111
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt460000
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.
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IRS990/ProgSrvcAccomActy2Grp/RevenueAmt01130714
IRS990/ProgSrvcAccomActy3Grp/Desc0THE FOUNDATION IS A 501(C)3 NOT-FOR-PROFIT TECHNOLOGY TRANSFER OFFICE THAT ACTS AS A POINTOF CONTACT FOR INDUSTRY AND ENTREPRENEURS WIHSING TO COMMERCIALIZE INTELLECTUAL PROPERTY FROM THE MEDICAL UNIVERSITY OF SOUTH CAROLINA (MUSC).
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0825294
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt01130714
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt08532
IRS990/PYOtherExpensesAmt01498696
IRS990/PYOtherRevenueAmt0101017
IRS990/PYProgramServiceRevenueAmt02691412
IRS990/PYRevenuesLessExpensesAmt0-45513
IRS990/PYSalariesCompEmpBnftPaidAmt01347778
IRS990/PYTotalExpensesAmt02846474
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02800961
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0841215

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,066,384
Liabilities
$1,969,107
Net assets
$2,097,277
Revenue
$5,473,075
Expenses
$4,631,860
Net income
$841,215
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