Overview
What is Massachusetts Medical Device Industry Council Inc?
Massachusetts Medical Device Industry Council Inc is a nonprofit organization, situated in Brookline, Massachusetts. With a modest workforce of 5 individuals, this organization plays a significant role in fostering the growth of the medical device industry within Massachusetts. They accomplish this mission by engaging in collaborative efforts with companies, financial institutions, educational entities, and governmental bodies. The Council sponsors various events such as conferences, meetings, publications, and newsletters to promote the medical device industry. Their ultimate goal is to create a favorable environment for the Massachusetts medical device industry, encouraging research, development, and manufacturing within the state.
Official website here: www.massmedic.com
Is Massachusetts Medical Device Industry Council Inc legitimate?
Massachusetts Medical Device Industry Council Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Massachusetts Medical Device Industry Council Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $542,764
Professional Fundraising Fees: $0
Other Salaries and Wages: $290,192
For more financial information, click here
Official website here: www.massmedic.com
What is the mission statement of Massachusetts Medical Device Industry Council Inc?
The Massachusetts Medical Device Industry Council Inc aims to foster the expansion of the medical device industry. Their mission is to establish a conducive environment for this sector, promoting collaborative initiatives in the areas of research, development, and manufacturing. This is achieved through the collaboration of companies within the industry, as well as financial, educational, and governmental institutions. The Council supports the medical device industry by organizing conferences, meetings, publishing materials, and distributing newsletters.
Official website here: www.massmedic.com
Who is the CEO of Massachusetts Medical Device Industry Council Inc?
Brian Johnson is the Director of Massachusetts Medical Device Industry Council Inc.
Official website here: www.massmedic.com
What is the revenue of Massachusetts Medical Device Industry Council Inc?
Massachusetts Medical Device Industry Council Inc's revenue in 2022 was $1,513,923.
Official website here: www.massmedic.com
Who are the executives of Massachusetts Medical Device Industry Council Inc and what are their salaries?
The average compensation at Massachusetts Medical Device Industry Council Inc during 2022 was $166,591. There are 5 employees at Massachusetts Medical Device Industry Council Inc.
Here are 34 key members and their salaries:
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Official website here: www.massmedic.com
Where can I find the form 990 for Massachusetts Medical Device Industry Council Inc?
Massachusetts Medical Device Industry Council Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.massmedic.com
Learn more at the official website: www.massmedic.com
Mission Statement of Massachusetts Medical Device Industry Council Inc
Massachusetts Medical Device Industry Council Inc, abbreviated as MMDIC, is dedicated to fostering the growth of the medical device industry within Massachusetts. Their mission is multifaceted, aimed at creating a conducive environment for the Massachusetts medical device sector. The council achieves this by implementing collaborative initiatives that support medical device research, development, and manufacturing.
To accomplish this, MMDIC collaborates with various entities, including companies within the industry, financial institutions, educational institutions, and governmental bodies. They sponsor a variety of events, such as conferences, meetings, and the publication of newsletters and articles, all designed to promote the medical device industry. These activities serve to connect industry professionals, share knowledge, and advocate for the growth and development of the medical device sector in Massachusetts.
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Impact
October, 2024
The Massachusetts Medical Device Industry Council Inc. significantly impacts the growth and development of the medical device sector in Massachusetts. By fostering collaboration among companies within the industry, as well as engaging financial, educational, and governmental institutions, the Council creates a supportive ecosystem for innovation and advancement.
Through the organization of conferences, meetings, publications, and newsletters, it facilitates knowledge sharing and networking opportunities, enhancing communication across the industry. This emphasis on collaboration not only encourages best practices but also drives the research, development, and manufacturing of medical devices, solidifying Massachusetts' position as a leader in this field.
The Council's efforts contribute to a positive environment that nurtures industry growth, ultimately benefiting local communities and advancing healthcare solutions. By implementing collaborative initiatives, the Massachusetts Medical Device Industry Council Inc. plays a crucial role in shaping the future of medical technology and improving the quality of care.
This information is meant to be a general summary of Massachusetts Medical Device Industry Council Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $19,805
- Program Service Revenue: $683,470
- Gross Receipts: $1,607,439
Assets and Liabilities:
- Total Assets: $1,333,906
- Total Liabilities: $432,718
- Net Assets: $901,188
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EVENT REVENUE
Revenue
$445,870
ANNUAL MEETING
Revenue
$122,600
CONFERENCE REFENUE
Revenue
$115,000
Organization Details
Founding Year
1996
Phone
(617) 358-9780Principal Officer
Brian Johnson
Main Address
PO BOX 177, BROOKLINE, MA, 02446
Website
www.massmedic.comNTEE Category
Code: S41 - Community improvement
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