Overview
What is Musc Foundation For Research Development?
The Musc Foundation for Research Development, based in Charleston, South Carolina, serves as a crucial bridge between medical research and practical application. Their primary mission is to manage and market intellectual property derived from the Medical University of South Carolina (MUSC), accelerating the transformation of ideas into procedures, devices, and products for the public's benefit. The foundation supports MUSC's educational and public service missions by fostering creativity and innovation among faculty, residents, and medical students. Additionally, the foundation encourages cooperation and collaboration between MUSC and business and industry, acting as MUSC's intellectual property management and technology marketing arm. Moreover, the foundation aims to advance healthcare-related economic development for South Carolina and the nation, as well as support economic development through technology licensing.
Official website here: www.zuckerinnovation.org
Is Musc Foundation For Research Development legitimate?
Musc Foundation For Research Development is a legitimate nonprofit organization registered as a 501(c)(3) entity. Musc Foundation For Research Development 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: $780,702
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,088,722
For more financial information, click here
Official website here: www.zuckerinnovation.org
What is the mission statement of Musc Foundation For Research Development?
The Musc Foundation for Research Development aims to support the educational, research, and healthcare mission of the Medical University of South Carolina (MUSC) by fostering creativity and innovation. It initiates and sustains cooperation and collaboration between MUSC and businesses and industry. The foundation serves as MUSC's intellectual property management and technology marketing arm, expediting the translation of ideas into procedures, devices, and products for the public benefit. Additionally, it promotes healthcare-related economic development for South Carolina and the nation, and supports economic development through technology licensing.
Official website here: www.zuckerinnovation.org
Who is the CEO of Musc Foundation For Research Development?
Todd Headley is the CEO of Musc Foundation For Research Development The CEO's salary of Musc Foundation For Research Development is $276,435 and their total compensation is $291,333.
Official website here: www.zuckerinnovation.org
What is the revenue of Musc Foundation For Research Development?
Musc Foundation For Research Development's revenue in 2024 was $5,103,130.
Official website here: www.zuckerinnovation.org
Who are the executives of Musc Foundation For Research Development and what are their salaries?
The average compensation at Musc Foundation For Research Development during 2024 was $207,714. There are 9 employees and 9 volunteers at Musc Foundation For Research Development.
Here are 15 key members and their salaries (Musc Foundation For Research Development's CEO's salary is $276,435 and their total compensation is $291,333):
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- Other: $12,309
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- Compensation: $276,435
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- Other: $14,898
- Compensation: $160,055
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- Other: $12,408
- Compensation: $195,694
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- Other: $14,437
- Compensation: $148,518
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- Other: $35,997
- Compensation: $101,970
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- Other: $33,593
Official website here: www.zuckerinnovation.org
Where can I find the form 990 for Musc Foundation For Research Development?
Musc Foundation For Research Development's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.zuckerinnovation.org
Learn more at the official website: www.zuckerinnovation.org
Mission Statement of Musc Foundation For Research Development
The Musc Foundation for Research Development, a nonprofit organization, plays a crucial role in supporting the educational, research, and healthcare mission of the Medical University of South Carolina (MUSC). Its primary objective is to foster creativity and innovation within MUSC, accelerating the translation of ideas into procedures, devices, and products for the public's benefit. The foundation acts as MUSC's intellectual property management and technology marketing arm, initiating and sustaining cooperation and collaboration between MUSC and business and industry.
Beyond this, the Musc Foundation for Research Development aims to advance healthcare-related economic development for South Carolina and the nation. It accomplishes this by supporting economic development through technology licensing. Additionally, the foundation's mission encompasses acting as Musc's arm for intellectual property management and technology marketing, ultimately contributing to the overall success of MUSC's educational and public service missions. It supports continuing medical education and other opportunities for MUSC faculty, residents, and medical students, allowing them to engage in the exchange of information and ideas with regional, national, and international attendees and faculty.
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Impact
October, 2024
MUSC Foundation for Research Development significantly impacts the translation of innovative medical ideas into practical applications, benefiting public health. By managing and marketing intellectual property generated by the Medical University of South Carolina (MUSC), the foundation facilitates the development of new procedures, devices, and products that address healthcare challenges. This process not only enhances medical advancements but also supports the educational missions of MUSC by providing ongoing education and collaboration opportunities for faculty, residents, and medical students.
The foundation fosters creativity and innovation, thereby initiating partnerships between MUSC and various business and industry sectors. This collaboration enables a more streamlined pathway for bringing innovations to market and encourages the growth of healthcare-related economic development in South Carolina and beyond. Through its efforts in technology licensing and support for faculty research, the foundation advances both the mission of MUSC and broader economic development within the healthcare sector. Overall, its work enhances the exchange of information and ideas, contributing to a vibrant ecosystem of medical research and application that ultimately serves the public good.
This information is meant to be a general summary of Musc Foundation For Research Development. 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 2024.
- Investment Income: $94,931
- Program Service Revenue: $4,604,458
- Gross Receipts: $5,103,340
Assets and Liabilities:
- Total Assets: $2,295,156
- Total Liabilities: $1,212,919
- Net Assets: $1,082,237
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
state contracts
Revenue
$2,600,000
Royalties
Revenue
$1,148,152
License Fees
Revenue
$121,000
program contributions
Revenue
$212,940
other grants/contracts
Revenue
$522,366
Organization Details
Founding Year
1995
Principal Officer
Michael Yost
Website
www.zuckerinnovation.orgNTEE Category
Code: H95Z - Medical research
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