Musc Foundation for Research Development

Medical research organization based in Charleston, SC. 9 employees. Exempt under §501(c)(3).

Mission1. 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

EIN
57-1031624
State
SC
Sector
Medical research
Budget band
$5M–$10M
Latest filing
TY 2024
Records
5 officers · 6 years

Financial snapshot · TY 2024

$5.6M
Total revenue
$5.2M
Total expenses
$4.7M
Net assets

Financial health · TY 2024

58
Moderate financial health
Composite score out of 100 based on reserve ratio, program efficiency, and revenue diversification.
Reserve ratio
27
4.9 months of expenses
Program efficiency
100
92.2% spent on programs
Revenue diversity
35
Mix of program fees, grants & contributions

Leadership compensation

$334,818
82th percentile vs. peers
Rita Charboneau
General Counsel
$253,800
50th percentile vs. peers
Joe Ruscito
VP of Medical Technologly
$236,970
80th percentile vs. peers
$205,723
80th percentile vs. peers
Pamela Kaufman
Senior Director of IP
$121,075
80th percentile vs. peers

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Musc Foundation for Research Development Executive Compensation | 990 Data | DoubleNine