EIN 46-1465348

The Medical Device Innovation Consortium

IRS 501(c) type
501(c)(3)
Num. employees
65
Year formed
2012
Most recent tax filings
2022-12-01
Description
MDIC advances medical device regulatory science and innovation for patient benefit through public-private partnerships, clinical science, and technology.
Total revenues
$10,710,909
2022
Total expenses
$14,247,437
2022
Total assets
$11,514,040
2022
Num. employees
65
2022

Program areas at The Medical Device Innovation Consortium

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.
Health economics and patient value:mdic's value-based healthcare projects are developed to improve The industry's ability to 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 health care programs.
Clinical science and technology:mdic's focus on clinical science is The development of tools and methods to drive efficiencies (time and resources), quality, and a predictable path in data collection and evidence development. The organization's clinical science program aim to improve diagnostic testing and product development by supporting manufactures in obtaining credible clinical evidence, and The facilitation of first-in-world patient access to safe and effective new technologies of significant health importance.

Who funds The Medical Device Innovation Consortium

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Schwab Charitable FundHealth$1,000,000
National Philanthropic TrustHealth$1,000,000
Gordon E and Betty I Moore FoundationTo Support Tapestry's Stakeholder Convenings To Surface Questions on Feasibility Related To An In-Silico Approach for Quality Assurance in Molecular Diagnostic Tools.$22,500

Personnel at The Medical Device Innovation Consortium

NameTitleCompensation
Andrew FishPresident and Chief Executive Officer$338,005
Kara OnoratoChief Financial Officer$222,748
Todd WestVice President Development and Membership$173,800
Jon HuntVice President , Clinical Science and Technology$335,392
Joseph SapienteVice President of Clinical Science and Technology$245,255
...and 9 more key personnel

Financials for The Medical Device Innovation Consortium

RevenuesFYE 12/2022
Total grants, contributions, etc.$10,002,314
Program services$1,688,525
Investment income and dividends$12,404
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$-992,334
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$10,710,909

Form 990s for The Medical Device Innovation Consortium

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-14990View PDF
2021-122022-11-14990View PDF
2020-122021-11-04990View PDF
2019-122021-03-31990View PDF
2018-122020-01-30990View PDF
...and 5 more Form 990s
Data update history
January 19, 2024
Posted financials
Added Form 990 for fiscal year 2022
January 17, 2024
Updated personnel
Identified 6 new personnel
December 28, 2023
Used new vendors
Identified 1 new vendor, including
December 28, 2023
Received grants
Identified 1 new grant, including a grant for $22,500 from Gordon E and Betty I Moore Foundation
August 1, 2023
Posted financials
Added Form 990 for fiscal year 2021
Nonprofit Types
Trade associationsBusiness and community development organizationsMedical research organizationsCharities
Issues
HealthScience and technologyBusiness and industry
Characteristics
MembershipsConducts researchReceives government fundingTax deductible donations
General information
Address
1655 N FT Myer Dr 12th Floor
Arlington, VA 22209
Metro area
Washington-Arlington-Alexandria, DC-VA-MD-WV
Website URL
mdic.org/ 
Phone
(202) 868-1600
IRS details
EIN
46-1465348
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2012
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
H90: Medical Specialty Research
NAICS code, primary
813910: Trade Associations
Parent/child status
Independent
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