Medical Technology Enterprise Consortium
99% goes to programs Thin reserves Growing revenue
Medical Technology Enterprise Consortium is a 501(c)(3) organization based in Summerville, South Carolina, registered in 2016, with $210,454,199 in FY2023 revenue. CharityIndex grades it C+, and it directs about 99% of spending to programs.
315 Sigma Dr, Summerville, SC, 29486 EIN 47-4960128 Since 2016
Revenue (FY2023)
$210.5M
▲ 44.6% vs prior year
Science & Tech median: $288K
Expenses (FY2023)
$210.5M
Net assets
$7.1M
Employees
0
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
C+Program efficiency40% of the rating99% to programs
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Medical Technology Enterprise Consortium: 99% to programs earns a C+ on this criterion. See the exact thresholds →
CFinancial health25% of the rating0 mo reserves · -0% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Medical Technology Enterprise Consortium: 0 mo reserves · -0% margin earns a C on this criterion. See the exact thresholds →
BGovernance25% of the rating4 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Medical Technology Enterprise Consortium: 4 of 6 checks met earns a B on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Medical Technology Enterprise Consortium: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
See schedule o
Contact & location
- Address
- 315 Sigma Dr, Summerville, SC, 29486
- City
- Summerville
- State
- South Carolina
- Category
- Science & Technology
- Subcategory
- Alliances, Advocacy & Professional Societies
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $5.8M (FY2017) to $210.5M (FY2023) across 7 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $72.1MNet assets $7.1M
Operating margin
-0.0%
Spent more than it raised in the latest fiscal year.
Total assets
$79.2M
Total liabilities
$72.1M
Net assets
$7.1M
Salaries & benefits
$323K
0% of expenses
Board members
11
11 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $210,454,199▲44.6% | $210,507,554▲43.9% | $7,057,368▲3.9% | $79,201,235▼19.4% | 990 |
| 2022 | $145,585,970▼8.9% | $146,327,931▼6.4% | $6,794,402▼13.9% | $98,276,165▲34.2% | 990 |
| 2021 | $159,782,022▲98.7% | $156,261,722▲101% | $7,895,128▲78.8% | $73,218,609▼12.2% | 990 |
| 2020 | $80,411,612▲122% | $77,603,314▲120% | $4,414,812▲175% | $83,363,247▲595% | 990 |
| 2019 | $36,261,168▲151% | $35,281,918▲147% | $1,606,514▲156% | $11,991,480▲126% | 990 |
| 2018 | $14,466,388▲148% | $14,270,716▲159% | $627,264▲45.3% | $5,306,943▲118% | 990 |
| 2017 | $5,842,520 | $5,502,959 | $431,592 | $2,436,684 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
Highest-paid: Jill Sorensen — $188,417 (0.09% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Jill Sorensen | Chief Development Officer | 30 | $188,417 |
| William Howell | President | 9 | $63,250 |
| William F Evans | Treasurer | 2 | $30,500 |
| Shawn Green | Chief of Strat. & Bus. Dev. | 7 | $29,590 |
| Amy Salzhauer | Director | 0.5 | $6,625 |
| Mark D Breyen | Director | 0.5 | $2,250 |
| Christopher Hlubb | Director | 0.5 | — |
| Cynthia Locklear Thru 12023 | Chief Contract/compl Officer | 6 | — |
| Dr Andrew Omidvar | Director | 0.5 | — |
| Dr Kent Kester | Director | 0.5 | — |
| Dr Lauren Palestrini | Chief Scientific Officer | 8 | — |
| Dr Pierre Noel | Director | 0.5 | — |
| Dr Ron Poropatich | Director | 0.5 | — |
| Dr Ross Donaldson | Director | 0.5 | — |
| Edward Steiner Thru 72023 | Director | 0.5 | — |
| Ellen Embrey | Director, Board Chairperson | 0.5 | — |
| Julia Martin | Chief Financial Officer | 6 | — |
| Kathy Zolman | Chief of Consortium Operations | 3 | — |
| Michael Brown | Director | 0.5 | — |
| Peter H Soderberg | Director | 0.5 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Advanced Technology International | Research Projs & Ops | $207,972,047 |
| Bilyan LLC | Consulting Services | $188,417 |
| Arch Venture Management | Consulting Services | $128,985 |
Grants received · $600K total
3 grants to Medical Technology Enterprise Consortium totaling $600K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Brightfocus Foundation | Alzheimer's disease research entitled: ca2025003 | 2024 | $100,000 |
| Brightfocus Foundation | Alzheimer's disease research entitled: (ca2021014) | 2020 | $250,000 |
| Brightfocus Foundation | Alzheimer's disease research entitled: (ca2021015) | 2020 | $250,000 |
Grants made · $1.3M in FY2023
22 grants totaling $1.3M in FY2023 — showing the 15 largest. All grants made by Medical Technology Enterprise Consortium →
| Recipient | Purpose | Amount |
|---|---|---|
| International Fabric Machines | See part iv | $175,000 |
| University of Kentucky Research Foundation | See part iv | $139,086 |
| Surgibox Inc | See part iv | $128,500 |
| Sense Diagnostics Inc | See part iv | $112,500 |
| Delta Development Team Inc | See part iv | $111,854 |
| Perceptive Medical Inc | See part iv | $100,000 |
| Tda Research Inc | See part iv | $63,539 |
| Geneva Foundation 04-15-93 | See part iv | $50,000 |
| Henry M Jackson Foundation For the Advancement of Military Medicine | See part iv | $50,000 |
| Diagnostic Biochips Inc | See part iv | $37,500 |
| Limax Biosciences Inc | See part iv | $37,500 |
| Matregenix Inc | See part iv | $37,500 |
| Nirsense LLC | See part iv | $37,500 |
| Sonogen Medical Inc | See part iv | $37,500 |
| American Psychiatric Association Foundation | See part iv | $37,000 |
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Frequently asked questions
- Is Medical Technology Enterprise Consortium a legitimate nonprofit?
- Yes. Medical Technology Enterprise Consortium is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 47-4960128, based in Summerville, South Carolina. Donations are tax-deductible.
- What is Medical Technology Enterprise Consortium's EIN?
- Medical Technology Enterprise Consortium's Employer Identification Number (EIN) is 47-4960128.
- How much revenue does Medical Technology Enterprise Consortium report?
- Medical Technology Enterprise Consortium reported $210,454,199 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Medical Technology Enterprise Consortium's spending goes to programs?
- Medical Technology Enterprise Consortium spends about 99% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Medical Technology Enterprise Consortium have?
- CharityIndex grades Medical Technology Enterprise Consortium C+, based on program efficiency and fundraising cost.
- How much does Medical Technology Enterprise Consortium's highest-paid employee make?
- The highest reported compensation on Medical Technology Enterprise Consortium's latest Form 990 is $188,417, paid to Jill Sorensen (Chief Development Officer).
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Data for Medical Technology Enterprise Consortium (EIN 47-4960128) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.