Molecular Evidence Development Consortium
- Assets
- $0.0
- Revenue
- $343.3k
- Investments
- $0.0
- Employees
- 7
- Location
- Rexburg, ID
- Founding
- Data as of
- 12/2018
- EIN
- 47-2986038
Organization Overview
Molecular Evidence Development Consortium is located in Rexburg, ID. As of 12/2018, Molecular Evidence Development Consortium employed 7 individuals. Molecular Evidence Development Consortium is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2018, Molecular Evidence Development Consortium generated $343.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (13.7%) each year. All expenses for the organization totaled $865.4k during the year ending 12/2018. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2018
Describe the Organization's Mission:
Part 3 - Line 1
MED-C WAS A NONPROFIT ORGANIZATION CREATED TO HELP MAKE PERSONALIZED MEDICINE A REALITY. MED-C WAS BRINGING TOGETHER EACH OF HEALTH CARE'S KEY GROUPS - PATIENT, PHYSICIANS, PAYORS, LABS, PHARMA AND REGULATORS TO HELP UNLOCK THE TREMENDOUS POTENTIAL OF PERSONALIZED MEDICINE. TO ACHIEVE THIS GOAL, MED-C HAD LAUNCHED A VAST DATABASE THAT GATHERED GENOMIC-LEVEL DATA ON CANCER PATIENTS AND THOROUGH INFORMATION ABOUT THEIR TREATMENTS AND CLINICAL OUTCOMES.UNFORTUNATELY DUE TO UNFORESEEABLE REGULATORY CIRCUMSTANCES MED-C HAD TO DISCONTINUE IT'S OPERATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MED-C BEGAN OPERATIONS IN 2015, WITH THE GOAL OF ESTABLISHING INFORMATION TECHNOLOGY INFRASTRUCTURE TO DO CANCER RESEARCH, IRB RESEARCH PROTOCOL, AND INVOLVEMENT IN NATIONAL CANCER PROGRAMS WITH THE GOAL OF IMPROVING CANCER TREATMENTS AND OUTCOMES FOR CANCER PATIENTS. THE INFORMATION TECHNOLOGY INFRASTRUCTURE WENT OPERATIONAL DURING 2017, HOWEVER DUE TO CHANGES IN GOVERNMENTAL REGULATIONS MED-C WAS UNFORTUNATELY FORCED TO SHUT DOWN IT'S N1 REGISTRY AND DISCOUNTINUE ITS OPERATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff Allen PHD Chairman | Trustee | 3 | $0 |
Ron Collette Cissp Board Member | Trustee | 1 | $0 |
Marc Samuels JD Board Member | Trustee | 1 | $0 |
Dane J Dickson MD CEO | Officer | 40 | $157,154 |
Rebecca Owens COO | Officer | 40 | $117,181 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Unosquare Llc Software Development | 12/30/17 | $419,868 |
Brand Buddha Marketing, Brand Dev | 12/30/17 | $171,158 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $251,072 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $251,072 |
| Total Program Service Revenue | $699,291 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$607,064 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $343,299 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $157,154 |
| Compensation of current officers, directors, key employees. | $31,431 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $67,529 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $16,360 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $51,418 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $34,758 |
| Office expenses | $2,513 |
| Information technology | $10,385 |
| Royalties | $0 |
| Occupancy | $16,208 |
| Travel | $23,006 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $6,000 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $37,833 |
| Insurance | $8,390 |
| All other expenses | $6,564 |
| Total functional expenses | $865,406 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Unrestricted restricted net Assets | $0 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $0 |