Overview
What is Medical Technology Enterprise Consortium?
The Medical Technology Enterprise Consortium (MTEC) is a nonprofit organization based in Summerville, South Carolina. Their mission is to foster collaboration between government agencies, industry, and academia to identify and transition advanced technologies for medical solutions that enhance the health and wellbeing of U.S. military members. Through their efforts, they assist the U.S. Army Medical Research and Development Command and other sponsors by providing cutting-edge technologies and effective materiel life-cycle management, ultimately leading to the implementation of medical solutions that protect, treat, and optimize the health and performance of service members across various military operations.
Official website here: www.mtec-sc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
The Medical Technology Enterprise Consortium has received a two-star rating from Charity Navigator, indicating that while the organization is performing well in certain areas, there are significant aspects that need attention. The organization excels in accountability and finance, scoring a perfect 100%, which reflects strong oversight and independent governance. However, the overall rating suggests that other factors, likely related to transparency and policy implementation, are lacking.
Despite having an entirely independent board and high program expense ratio, the nonprofit faces criticism for missing key policies such as a whistleblower policy and document retention guidelines. Additionally, the absence of the tax form on its website raises concerns about transparency and accessibility of information for stakeholders. These factors contribute to the organization’s need for improvement in its governance practices.
Overall, while the Medical Technology Enterprise Consortium demonstrates strengths in financial management and oversight, addressing the identified limitations will be crucial for enhancing its credibility and support within the nonprofit community. Stakeholders may want to watch for improvements in policy documentation and transparency moving forward.
This AI summary has been generated from information found on Charity Navigator.
Is Medical Technology Enterprise Consortium legitimate?
Medical Technology Enterprise Consortium is a legitimate nonprofit organization registered as a 501(c)(3) entity. Medical Technology Enterprise Consortium 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: $221,340
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.mtec-sc.org
What is the mission statement of Medical Technology Enterprise Consortium?
The Medical Technology Enterprise Consortium is dedicated to assisting the United States Army Medical Research and Development Command and other funding sponsors by providing cutting-edge technologies and effective material life-cycle management. Their mission is to facilitate collaboration among government agencies, industry, and academia in order to identify and transition advanced technologies for medical solutions that safeguard, treat, and enhance the health and performance of military personnel across various military operations. By fostering partnerships, they contribute to the development and implementation of innovative medical technologies that address the unique needs of the military community.
Official website here: www.mtec-sc.org
Who is the CEO of Medical Technology Enterprise Consortium?
William Howell is the President of Medical Technology Enterprise Consortium.
Official website here: www.mtec-sc.org
What is the revenue of Medical Technology Enterprise Consortium?
Medical Technology Enterprise Consortium's revenue in 2022 was $145,585,970.
Official website here: www.mtec-sc.org
Who are the executives of Medical Technology Enterprise Consortium and what are their salaries?
There 11 volunteers at Medical Technology Enterprise Consortium.
Here are 19 key members and their salaries:
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Official website here: www.mtec-sc.org
Where can I find the form 990 for Medical Technology Enterprise Consortium?
Medical Technology Enterprise Consortium's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mtec-sc.org
Learn more at the official website: www.mtec-sc.org
Mission Statement of Medical Technology Enterprise Consortium
The Medical Technology Enterprise Consortium (MTEC) is a dynamic organization dedicated to aiding the United States Army Medical Research and Development Command and other sponsors by supplying advanced technologies and reliable material lifecycle management. MTEC plays a vital role in facilitating collaboration between government agencies, industry, and academia to identify and transition cutting-edge technologies, specifically designed to protect, treat, and optimize the health and performance of military members across the spectrum of military operations.
By fostering a collaborative environment, MTEC bridges the gap between the development of innovative medical solutions and their implementation within the military sector. The consortium's primary goal is to enable the military medical community to access the latest technologies, ensuring they have the most effective tools available to safeguard and enhance the well-being of their personnel.
In essence, the Medical Technology Enterprise Consortium functions as a catalyst for innovation in military medicine. Through its collaborative efforts, MTEC identifies, evaluates, and transitions cutting-edge technologies from the lab to the field, ultimately contributing to the advancement of medical solutions that protect, treat, and optimize the health and performance of US service members.
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Impact
October, 2024
The Medical Technology Enterprise Consortium (MTEC) plays a crucial role in fostering collaboration among government agencies, industry stakeholders, and academic institutions. By bridging these sectors, MTEC accelerates the identification, development, and transition of innovative medical technologies tailored for military applications.
Its primary mission is to assist the United States Army Medical Research and Development Command and other funding sponsors by delivering cutting-edge technologies and effective life-cycle management. This focus enhances medical solutions that protect, treat, and optimize the health of military personnel across a range of operational contexts.
MTEC's efforts contribute significantly to improved health outcomes for service members, ensuring they receive the most advanced medical innovations that address their unique needs. Through its collaborative approach, MTEC not only advances military medicine but also influences broader medical practices, benefiting both the armed forces and society as a whole.
This information is meant to be a general summary of Medical Technology Enterprise Consortium. 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: $133
- Program Service Revenue: $145,584,325
- Gross Receipts: $145,585,970
Assets and Liabilities:
- Total Assets: $98,276,165
- Total Liabilities: $91,481,763
- Net Assets: $6,794,402
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
GOVERNMENT CONTRACTS
Revenue
$141,655,074
OTHER MEMBERSHIP INCOME
Revenue
$2,836,738
ANNUAL MEMBERSHIPS
Revenue
$714,250
GRANT INCOME
Revenue
$378,263
Organization Details
Founding Year
2015
Phone
(843) 760-4500Principal Officer
William Howell
Main Address
315 Sigma Drive, Summerville, SC, 294867790
Website
www.mtec-sc.orgNTEE Category
Code: U05 - Science research
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