THE MEDICAL DEVICE INNOVATION CONSORTIUM Charity Report

Public IRS 990 nonprofit record

THE MEDICAL DEVICE INNOVATION CONSORTIUM

EIN 46-1465348 · Medical Research N.E.C. (H99)

What they do

MDICS MISSION is to LEVERAGE ITS UNIQUE POSITION AS THE ONLY PUBLIC-PRIVATE PARTNERSHIP of ITS KIND to TRANSFORM HEALTH CARE INTO HUMAN CARE. COLLABORATING WITH OUR PARTNERS to ADVANCE SCIENCE, WE ENABLE TRANSFORMATIONAL MEDICAL TECHNOLOGY to SHAPE THE WORLD WE WANT to LIVE IN and MAKE THAT WORLD POSSIBLE BY SHORTENING THE PATH FROM INNOVATION to SAFETY to ACCESS.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $81.50 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders36 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

81.43%of revenue went to mission work81.5% of expenses · Program services

$99.92spent for every $100 of revenueRevenue covered expenses this year.

18.49%of revenue went to management and office costs18.5% of expenses

$0.42in assets for every $1 spent this yearSome assets cannot be spent right away.

80.5%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $914,419 for FISH ANDREW (PRESIDENT & CEO). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$28,171,331

Mission workProgram services$22,938,86681.43% of revenue81.5% of expenses

ManagementOffice and general costs$5,208,57818.49% of revenue18.5% of expenses

FundraisingAsking for donations0.00% of revenue0.0% of expenses

Revenue left after expensesReported annual surplus$23,8870.08% of revenueShown in gray on the chart

Total expenses$28,147,44499.92% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 81.5% mission · 18.5% management · 0.0% fundraisingTotal expenses: 99.92% of revenue

2023Expense mix: 70.5% mission · 29.5% management · 0.0% fundraisingTotal expenses: 104.97% of revenue

2022Expense mix: 64.6% mission · 35.4% management · 0.0% fundraisingTotal expenses: 133.02% of revenue

2021Expense mix: 85.5% mission · 14.5% management · 0.0% fundraisingTotal expenses: 91.26% of revenue

2020Expense mix: 90.3% mission · 9.7% management · 0.0% fundraisingTotal expenses: 91.39% of revenue

2019Expense mix: 76.9% mission · 23.1% management · 0.0% fundraisingTotal expenses: 101.55% of revenue

2018Expense mix: 77.8% mission · 22.2% management · 0.0% fundraisingTotal expenses: 76.19% of revenue

2017Expense mix: 84.5% mission · 15.5% management · 0.0% fundraisingTotal expenses: 94.56% of revenue

Money in and money out

Revenue$28,171,331

Expenses$28,147,444

Annual surplus $23,887 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$22,938,866 · 81.5% of expenses

Management and office costs$5,208,578 · 18.5% of expenses

See all reported dollar amounts

Revenue$28,171,331

Expenses$28,147,444

Assets$11,814,781

Income$28,171,331

Contributions$22,684,960

Mission work (program services)$22,938,866

Management and general$5,208,578

Executive compensation (total)$646,665

Accounting fees$44,748

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

FISH ANDREWPRESIDENT & CEO · 40 hrs/week $914,419Base $832,122 · Other $82,297

MASON SIMONCHIEF ENTERPRISE OFFICER AND PRESIDENT OF NEST · 40 hrs/week $606,172Base $538,575 · Other $67,597

SAPIENTE JOSEPH RAYMONDCHIEF SCIENCE AND INNOVATION OFFICER · 40 hrs/week $381,571Base $326,869 · Other $54,702

SMITH RICHARDSENIOR VICE PRESIDENT, NESTCC · 40 hrs/week $352,958Base $300,081 · Other $52,877

FAULCON LENWOODCHIEF LEGAL OFFICER · 40 hrs/week $333,819Base $283,281 · Other $50,538

ONORATO KARACHIEF FINANCIAL AND BUSINESS OFFICER · 40 hrs/week $328,849Base $290,747 · Other $38,102

KOTLARZ HARRYHEAD OF PATIENT ENGAGEMENT AND EVIDENCE · 40 hrs/week $285,823Base $259,677 · Other $26,146

HENRY LATARAVICE PRESIDENT, HUMAN CAPITAL · 40 hrs/week $268,187Base $231,361 · Other $36,826

VELICHAMTHOTU VEETIL JITHESHHEAD OF DIGITAL HEALTH TECHNOLOGY · 40 hrs/week $267,208Base $218,386 · Other $48,822

MAEGLEY CORINNEVICE PRESIDENT, PARTNERSHIPS MANAGEMENT, NEST · 40 hrs/week $253,983Base $219,076 · Other $34,907

SUMNER PAUL LHEAD OF MANUFACTURING, INNOVATION AND QUALITY · 40 hrs/week $253,900Base $215,537 · Other $38,363

VICTORIA MATTHEW RVICE PRESIDENT, BRAND AND EXPERIENCE · 40 hrs/week $250,836Base $201,881 · Other $48,955

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (36)

FISH ANDREWPRESIDENT & CEO

MASON SIMONCHIEF ENTERPRISE OFFICER AND PRESIDENT OF NEST

SAPIENTE JOSEPH RAYMONDCHIEF SCIENCE AND INNOVATION OFFICER

SMITH RICHARDSENIOR VICE PRESIDENT, NESTCC

FAULCON LENWOODCHIEF LEGAL OFFICER

ONORATO KARACHIEF FINANCIAL AND BUSINESS OFFICER

KOTLARZ HARRYHEAD OF PATIENT ENGAGEMENT AND EVIDENCE

HENRY LATARAVICE PRESIDENT, HUMAN CAPITAL

VELICHAMTHOTU VEETIL JITHESHHEAD OF DIGITAL HEALTH TECHNOLOGY

MAEGLEY CORINNEVICE PRESIDENT, PARTNERSHIPS MANAGEMENT, NEST

SUMNER PAUL LHEAD OF MANUFACTURING, INNOVATION AND QUALITY

VICTORIA MATTHEW RVICE PRESIDENT, BRAND AND EXPERIENCE

CULOTTA MARYELLEN CULOTTAHEAD, CENTER FOR MANUFACTURING INNOVATION

WEISS LISASENIOR DIRECTOR OF EVALUATION & SURVEILLANCE

LUCILE BLAISEDIRECTOR

STEVE FERGUSONDIRECTOR

TAMARA SYREK JENSESNDIRECTOR

TRANG LYDIRECTOR

RICK GEOFFRIONDIRECTOR

RANDY RUTTADIRECTOR

PETER SALTONSTALLDIRECTOR

WES CETNAROWSKIDIRECTOR

NADIM YAREDDIRECTOR

AMI SIMUNOVICHDIRECTOR

LAURA MAURIDIRECTOR

KRIS KANDARPADIRECTOR

KEVIN SAYERDIRECTOR

KENNETH STEINDIRECTOR

JODY POWELLDIRECTOR

JIM HOLLINGSHEADDIRECTOR

JIJO JAMESDIRECTOR

JEFFREY SHURENDIRECTOR

GARY JOHNSONDIRECTOR

ESTHER KROFAHDIRECTOR

CHIP HANCEDIRECTOR

ANDREW CLEELANDDIRECTOR

About this charity

Recognized since: January 2014
Location: 1655 FORT MYER DR STE 250, ARLINGTON, VA 22209-3120
County: Arlington
In care of: % WILLIAM V MURRAY
Primary officer: ANDREW FISH, PRESIDENT AND CEO

How to reach them

WebsiteVisit the charity’s website Emailmembership@mdic.org Phone(202) 868-1600

Filing and classification

Latest tax year: 2024
Tax period began: January 1, 2024
Return type: 990
Tax preparer: CLIFTONLARSONALLEN LLP
NTEE classification: Medical Research N.E.C. (H99)
IRS tax category: Medical Research N.E.C.