Liabilities / Assets
77th percentile
Higher debt load relative to assets than 77% of similar nonprofits.
Medonect Therapeutics Inc
EIN 84-2367491 • 501(c)3 • Pasadena, CA
Profile
Healthcare research and product development
Siviq Scores
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
0.08x
Liabilities / Revenue
69th percentile
Higher debt load relative to revenue than 69% of similar nonprofits.
Net Margin
42nd percentile
Higher net margin than 42% of similar nonprofits.
Top Officer Pay
94th percentile
Higher top officer pay than 94% of similar nonprofits.
Top officer pay equals 54.4% of source-year revenue.
Asset Growth
18th percentile
Faster asset growth than 18% of similar nonprofits.
Revenue Growth
24th percentile
Faster revenue growth than 24% of similar nonprofits.
Balance Sheet
Assets
Down$12,556
Down $16,444 (-57%) from 2020
Liabilities
Up$1,000
Up $1,000 from 2020
Net Assets
Down$11,556
Down $17,444 (-60%) from 2020
Revenue
Down$99,194
Down $58,807 (-37%) from 2020
Expenses
Down$100,194
Down $57,793 (-37%) from 2020
Net Income
Down-$1,000
Down $1,014 (-7243%) from 2020
Trend Graphs
Filings
Most recent year
2021 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $12,556
- Liabilities
- $1,000
- Net assets
- $11,556
- Revenue
- $99,194
- Expenses
- $100,194
- Net income
- -$1,000
| Balance Sheet | Operations | |||||
|---|---|---|---|---|---|---|
| Year | Assets | Liabilities | Net Assets | Revenue | Expenses | Net Income |
| 2021Detailed filing. Detailed filing data is available for this year. | $0.13 | $0.01 | $0.12 | $0.99 | $1.00 | $0.01 |
| 2020Detailed filing. Detailed filing data is available for this year. | $0.29 | $0.00 | $0.29 | $1.58 | $1.58 | $0.00 |
| 2019Summary only. Only limited summary data is available for this year. | $0.02 | $0.00 | $0.73 | $0.71 | $0.02 | |
Latest Filing Detail
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2021 to Dec 31, 2021
- Signed
- Oct 18, 2022
- Return Version
- 2021v4.0
- Gross Receipts
- $99,194
Mission and Program Overview
Mission
Healthcare research and product development
Help in providing innovative safe and efficient healthcare solutions to cancer patients.
Program Services
| Description | Grants | Expenses |
|---|---|---|
| Acceptance from FDA- Proof of Concept Acquired from FDA appointed laboratory. | $330,532 | $82,000 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Ziad Gerges | CEO | PT | $54,000 | - | $54,000 |
Filing and Contact Details
Filer
- Filer Name
- Medonect Therapeutics Inc
- EIN
- 84-2367491
- In Care Of
- % Ziad Gerges
- Address
- 3360 E FOOTHILL BLVD ST 446, PASADENA, CA 91107-6068
Signing Officer
- Name
- Ziad Gerges
- Title
- CEO
- Signed
- 2022-10-18
- Discuss with paid preparer
- No
Supplemental Narrative
Additional Explanations
Part I, line 16
“| Other Expenses:, Amount:| Utilities 1,000.00 Rent 3000.76 Administrative Expenses 3200 Business Contractors 2300 Cost of material 4000.54 Allowances 54,000.00 Payments for Academic and learning expenses 12000 Marketing and legal expenses 1200 Car Payments and commute expenses 3400 Basic expenses 3000 Cost of developing medical device 13092.7 Total Cost Incurred 100,194, $100194.00|”
Part II, line 26
“| Liabilities Name:, BOY Amount:, EOY Amount:| Accounts Payable, 0, $1000|”
Raw XML Appendix117 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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| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 12556 |
| IRS990EZ/GrossProfitLossSlsOfInvntryAmt | 0 | 0 |
| IRS990EZ/GrossReceiptsAmt | 0 | 99194 |
| IRS990EZ/GrossSalesOfInventoryAmt | 0 | 0 |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIVInd | 0 | X |
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| IRS990EZ/MadeLoansToFromOfficersInd | 0 | false |
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| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 11556 |
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| IRS990EZ/OtherExpensesTotalAmt | 0 | 100194 |
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| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | false |
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| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | Acceptance from FDA- Proof of Concept Acquired from FDA appointed laboratory. |
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| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 82000 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/SchoolOperatingInd | 0 | false |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 0 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 1000 |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
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| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 82000 |
| IRS990EZ/TotalRevenueAmt | 0 | 99194 |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990ScheduleA/CommunityTrustInd | 0 | X |
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| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 0 |
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| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt | 0 | 282932 |
| IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt | 0 | 0 |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 16317 |
| IRS990ScheduleA/SubstantialContributorsTotAmt | 0 | 266615 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt | 0 | 99194 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt | 0 | 106401 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 77337 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 0 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 0 |
| IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt | 0 | 282932 |
| IRS990ScheduleA/TotalSupportAmt | 0 | 282932 |
| IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorNum | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine2 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt | 0 | RESTRICTED |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | | Other Expenses:, Amount:| Utilities 1,000.00 Rent 3000.76 Administrative Expenses 3200 Business Contractors 2300 Cost of material 4000.54 Allowances 54,000.00 Payments for Academic and learning expenses 12000 Marketing and legal expenses 1200 Car Payments and commute expenses 3400 Basic expenses 3000 Cost of developing medical device 13092.7 Total Cost Incurred 100,194, $100194.00| |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | | Liabilities Name:, BOY Amount:, EOY Amount:| Accounts Payable, 0, $1000| |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Part I, line 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Part II, line 26 |
| ReturnHeader/BuildTS | 0 | 2022-09-23 18:48:47Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | false |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | Ziad Gerges |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | CEO |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2022-10-18 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | MEDONECT THERAPEUTICS INC |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | MEDO |
| ReturnHeader/Filer/EIN | 0 | 842367491 |
| ReturnHeader/Filer/ForeignPhoneNum | 0 | 2137168557 |
| ReturnHeader/Filer/InCareOfNm | 0 | % Ziad Gerges |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 3360 E FOOTHILL BLVD ST 446 |
| ReturnHeader/Filer/USAddress/CityNm | 0 | PASADENA |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | CA |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 911076068 |
| ReturnHeader/ReturnTs | 0 | 2022-10-18T05:49:09-04:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2021-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2021-12-31 |
| ReturnHeader/TaxYr | 0 | 2021 |
Document Assets
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