Nonprofit · EIN 46-1465348
MEDICAL DEVICE INNOVATION CONSORTIUM
Tax-exempt · ARLINGTON, VA 22209
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $28,171,331 | $28,147,444 | $23,887 | $11,814,781 | $9,698,496 | $2,116,285 |
| December 31, 2023 | 990 | $14,899,712 | $15,639,936 | -$740,224 | $11,871,420 | $9,779,022 | $2,092,398 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $22,684,960
- of which government grants
- $18,904,711
- Membership dues
- $3,661,249
- Program service revenue
- $5,459,148
- Investment income
- $27,223
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $3,471,800
- Other salaries and wages
- $5,512,968
- Salaries, compensation and benefits (total)
- $10,822,363
- Professional fundraising fees
- $0
- Legal fees
- $345,437
- Accounting fees
- $44,748
- Occupancy
- $626,206
- Travel
- $443,293
- Depreciation
- $172,025
- Program services (functional)
- $22,938,866
- Management and general (functional)
- $5,208,578
Balance sheet and other
- Total assets, start of year
- $11,871,420
- Total assets, end of year
- $11,814,781
- Total liabilities, end of year
- $9,698,496
- Net assets, end of year
- $2,116,285
- Land, buildings and equipment
- $1,481,492
- Net assets without donor restrictions
- -$261,467
- Net assets with donor restrictions
- $2,377,752
- Gross receipts
- $28,171,331
- Employees
- 52
- Volunteers
- 27
- Year formed
- 2012
- State of legal domicile
- MN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| FISH ANDREW | PRESIDENT & CEO Officer | 40 | $832,122 | $82,297 |
| MASON SIMON | CHIEF ENTERPRISE OFFICER AND PRESIDENT OF NEST Key employee | 40 | $538,575 | $67,597 |
| SAPIENTE JOSEPH RAYMOND | CHIEF SCIENCE AND INNOVATION OFFICER Key employee | 40 | $326,869 | $54,702 |
| SMITH RICHARD | SENIOR VICE PRESIDENT, NESTCC Key employee | 40 | $300,081 | $52,877 |
| FAULCON LENWOOD | CHIEF LEGAL OFFICER Officer | 40 | $283,281 | $50,538 |
| ONORATO KARA | CHIEF FINANCIAL AND BUSINESS OFFICER Officer | 40 | $290,747 | $38,102 |
| KOTLARZ HARRY | HEAD OF PATIENT ENGAGEMENT AND EVIDENCE Key employee | 40 | $259,677 | $26,146 |
| HENRY LATARA | VICE PRESIDENT, HUMAN CAPITAL Key employee | 40 | $231,361 | $36,826 |
| VELICHAMTHOTU VEETIL JITHESH | HEAD OF DIGITAL HEALTH TECHNOLOGY Highest-paid employee | 40 | $218,386 | $48,822 |
| MAEGLEY CORINNE | VICE PRESIDENT, PARTNERSHIPS MANAGEMENT, NEST Highest-paid employee | 40 | $219,076 | $34,907 |
| SUMNER PAUL L | HEAD OF MANUFACTURING, INNOVATION AND QUALITY Highest-paid employee | 40 | $215,537 | $38,363 |
| VICTORIA MATTHEW R | VICE PRESIDENT, BRAND AND EXPERIENCE Key employee | 40 | $201,881 | $48,955 |
| CULOTTA MARYELLEN CULOTTA | HEAD, CENTER FOR MANUFACTURING INNOVATION Highest-paid employee | 40 | $192,861 | $48,429 |
| WEISS LISA | SENIOR DIRECTOR OF EVALUATION & SURVEILLANCE Highest-paid employee | 40 | $201,336 | $26,356 |
| LUCILE BLAISE | DIRECTOR Trustee or director | 1 | $0 | $0 |
21 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| WES CETNAROWSKI | DIRECTOR Trustee or director | 1 | $0 |
| ANDREW CLEELAND | DIRECTOR Trustee or director | 1 | $0 |
| STEVE FERGUSON | DIRECTOR Trustee or director | 1 | $0 |
| RICK GEOFFRION | DIRECTOR Trustee or director | 1 | $0 |
| CHIP HANCE | DIRECTOR Trustee or director | 2 | $0 |
| JIM HOLLINGSHEAD | DIRECTOR Trustee or director | 1 | $0 |
| JIJO JAMES | DIRECTOR Trustee or director | 1 | $0 |
| TAMARA SYREK JENSESN | DIRECTOR Trustee or director | 1 | $0 |
| GARY JOHNSON | DIRECTOR Trustee or director | 1 | $0 |
| KRIS KANDARPA | DIRECTOR Trustee or director | 1 | $0 |
| ESTHER KROFAH | DIRECTOR Trustee or director | 1 | $0 |
| TRANG LY | DIRECTOR Trustee or director | 1 | $0 |
| LAURA MAURI | DIRECTOR Trustee or director | 1 | $0 |
| JODY POWELL | DIRECTOR Trustee or director | 1 | $0 |
| RANDY RUTTA | DIRECTOR Trustee or director | 1 | $0 |
| PETER SALTONSTALL | DIRECTOR Trustee or director | 1 | $0 |
| KEVIN SAYER | DIRECTOR Trustee or director | 1 | $0 |
| JEFFREY SHUREN | DIRECTOR Trustee or director | 1 | $0 |
| AMI SIMUNOVICH | DIRECTOR Trustee or director | 1 | $0 |
| KENNETH STEIN | DIRECTOR Trustee or director | 1 | $0 |
| NADIM YARED | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 36 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ANDREW FISH | PRESIDENT & CEO Officer | 40 | $736,875 | $75,623 |
| SIMON MASON | PRESIDENT, NESTCC Key employee | 40 | $337,863 | $40,406 |
| JOSEPH SAPIENTE | SVP, SCIENCE & TECH Key employee | 40 | $281,520 | $49,989 |
| LENWOOD FAULCON | GENERAL COUNSEL Officer | 40 | $270,374 | $47,195 |
| RICHARD SMITH | SVP, NESTCC Key employee | 40 | $267,000 | $48,518 |
| KARA ONORATO | CFO Key employee | 40 | $264,891 | $46,525 |
| TODD WEST | VP DEV & MEMBERSHIP Key employee | 40 | $252,000 | $46,530 |
| HARRY KOTLARZ | VP HEPV Key employee | 40 | $228,063 | $26,075 |
| LATARA HENRY | VP HUMAN RESOURCES Key employee | 40 | $211,164 | $37,117 |
| PAUL SUMNER | PROG DIR FOR CASE FOR QUALITY Highest-paid employee | 40 | $209,000 | $35,097 |
| JITHESH VELICHAMTHOTU VEETIL | SR PROG DIR DIGITAL HEALTH & TECH Highest-paid employee | 40 | $212,259 | $25,843 |
| EILEEN MIHAS | PROG DIR EFS Highest-paid employee | 40 | $187,000 | $42,992 |
| KEERTHI GUNASEKARAN | PROG DIR SCIENCE OF PATIENT INPUT Highest-paid employee | 40 | $187,000 | $16,676 |
| MARYELLEN CULOTTA | PROG DIR CLINICAL DIAGNOSTICS Highest-paid employee | 40 | $187,082 | $14,480 |
| AMI SIMUNOVICH | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ANDREW CLEELAND | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CHIP HANCE | DIRECTOR Trustee or director | 2 | $0 | $0 |
| ESTHER KROFAH | DIRECTOR Trustee or director | 1 | $0 | $0 |
| GARY JOHNSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JEFFREY SHUREN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JIJO JAMES | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JIM HOLLINGSHEAD | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JODY POWELL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KENNETH STEIN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KEVIN SAYER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KRIS KANDARPA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LAURA MAURI | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LUCILE BLAISE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| NADIM YARED | DIRECTOR Trustee or director | 1 | $0 | $0 |
| PETER SALTONSTALL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RANDALL SCHIESTL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RANDY RUTTA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RICK GEOFFRION | DIRECTOR Trustee or director | 1 | $0 | $0 |
| STEVE FERGUSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TAMARA SYREK JENSEN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| WES CETNAROWSKI | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1655 FORT MYER DR STE 250, ARLINGTON, VA 22209-3120
- In care of
- % WILLIAM V MURRAY
- Principal officer (990 for 2024)
- ANDREW FISH, 1655 FORT MYER DRIVE 12TH FLOOR, ARLINGTON, VA 22209
- Signed the 990
- ANDREW FISH, PRESIDENT AND CEO
- Phone
- (202) 868-1600
- Website
- WWW.MDIC.ORG
- Return prepared by
- CLIFTONLARSONALLEN LLP
Mission
BREAK DOWN BARRIERS IN THE MEDICAL TECHNOLOGY LIFE CYCLE TO ACCELERATE INNOVATION AND ADOPTION OF SAFE, EFFECTIVE AND HIGH-QUALITY MEDICAL TECHNOLOGIES.
Program accomplishments
- NATIONAL EVALUATION SYSTEM FOR HEALTH TECHNOLOGY COORDINATING CENTER:THE NATIONAL EVALUATION SYSTEM FOR HEALTH TECHNOLOGY (NEST) IS AN INITIATIVE OF MDIC WHICH SERVES AS A CATALYST IN ESTABLISHING FUNCTIONAL AND EFFICIENT PATHWAYS FOR KEY STAKEHOLDERS TO GENERATE LOWER-COST, NEARER REAL-TIME REAL-WORLD EVIDENCE (RWE) OF SUFFICIENT QUALITY FOR REGULATORY, COVERAGE, PATIENT, AND CLINICAL DECISION-MAKING. BY SOLVING THE CHALLENGES THAT HAVE SLOWED MEDICAL DEVICE INNOVATION, DELAYED THE DETECTION OF SAFETY SIGNALS, AND CREATED INEFFICIENCIES, NESTCC COULD IMPROVE PATIENTS' TIMELY ACCESS TO SAFE MEDICAL DEVICES AND THEIR QUALITY OF LIFE.Expenses $15,109,411 · revenue $223,000
- SCIENCE AND TECHNOLOGY:SCIENCE AND TECHNOLOGY'S FOCUS INVOLVES DEVELOPING TOOLS AND METHODS TO ENHANCE EFFICIENCY (IN TERMS OF TIME AND RESOURCES), QUALITY, DESIGN, MANUFACTURING, AND A PREDICTABLE PATHWAY IN DATA COLLECTION AND EVIDENCE DEVELOPMENT. THE ORGANIZATION'S CLINICAL SCIENCE PROGRAM AIMS TO IMPROVE DIAGNOSTIC TESTING AND PRODUCT DEVELOPMENT BY SUPPORTING MANUFACTURERS IN OBTAINING CREDIBLE CLINICAL EVIDENCE PATIENT PREFERENCES AND FACILITATING FIRST-IN-WORLD PATIENT ACCESS TO SAFE AND EFFECTIVE NEW TECHNOLOGIES OF SIGNIFICANT HEALTH IMPORTANCE.Expenses $6,521,269 · revenue $5,059,412
- HEALTH ECONOMICS AND PATIENT VALUE:MDIC'S VALUE-BASED HEALTHCARE PROJECTS ARE DEVELOPED TO IMPROVE THE INDUSTRY'S ABILITY TO REAL WORLD EVIDENCE AND INCLUDE PATIENT PERSPECTIVES IN THE DEVELOPMENT, PRE-MARKET APPROVAL, AND POST-MARKET EVALUATION OF MEDICAL DEVICES AND SUPPORT A MORE PREDICTABLE PATHWAY IN REIMBURSEMENT DECISIONS UNDER FEDERAL HEALTHCARE PROGRAMS.Expenses $744,488
- DEVELOPMENT AND MEMBERSHIPExpenses $563,698 · revenue $176,736
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 46-1465348
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2014
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Medical research (H99)
- Assets (IRS master file)
- $11,814,781
- Income (IRS master file)
- $28,171,331
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $28,171,331 | $28,147,444 | $11,814,781 | XML |
| 990 | December 2023 | $14,899,712 | $15,639,936 | $11,871,420 | XML |
| 990 | December 2022 | $10,710,909 | $14,247,437 | $11,514,040 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 46-1465348).
Questions about MEDICAL DEVICE INNOVATION CONSORTIUM
- What is the EIN of MEDICAL DEVICE INNOVATION CONSORTIUM?
- The employer identification number (EIN) of MEDICAL DEVICE INNOVATION CONSORTIUM is 46-1465348.
- Is MEDICAL DEVICE INNOVATION CONSORTIUM tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2014.
- Are donations to MEDICAL DEVICE INNOVATION CONSORTIUM tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MEDICAL DEVICE INNOVATION CONSORTIUM file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of MEDICAL DEVICE INNOVATION CONSORTIUM due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MEDICAL DEVICE INNOVATION CONSORTIUM last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of MEDICAL DEVICE INNOVATION CONSORTIUM?
- The 990 for the year ended December 31, 2024 names ANDREW FISH.
- Who are the officers and directors of MEDICAL DEVICE INNOVATION CONSORTIUM?
- The 990 for the year ended December 31, 2024 lists 36 people; 14 received compensation from the organization, the highest $832,122 (FISH ANDREW, PRESIDENT & CEO).
- How much revenue does MEDICAL DEVICE INNOVATION CONSORTIUM have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $28,171,331, expenses of $28,147,444 and total assets of $11,814,781 at year end.
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