Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in May 2009.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
72 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
16 people listed on the 990; $4.3M paid to officers and key staff.
Andrea Olariu’s $772K as CEO is at the 84th percentile of top reported officer pay among 127 $10–100M medical research nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 8 named individuals · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Tina Raine-Bennet | — | $1,167,104 | $620,956 | $231,911 | — |
| Jessica Grossman | — | — | — | $30,000 | $801,108 |
| Andrea Olariu | $771,904 | — | — | — | $555,517 |
| Olariuandrea I | — | — | — | $712,562 | — |
| Sally Stephens | — | — | $560,808 | — | $469,237 |
| Andrea I Olariu | — | $540,078 | $345,292 | — | — |
| Bradley Luke | $519,704 | $411,443 | $442,703 | — | $428,817 |
| Cynthia Hu | $499,660 | $104,462 | — | — | — |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Develops innovative, affordable medicines and devices to meet women's unmet health needs.
Questions for Medicines360
Your first name shows with your question. Medicines360 answers here, for everyone.
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The organization received nda approval for its iud product liletta in 2015. Liletta has been distributed through MEDICINES360'S commercial partner since april 2015. The organization continued clinical trials beyond the initial approval for the product.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2023 990, line by line.
Download 990
| Line | Start FY23 | End FY23 |
|---|---|---|
| Cash and savingsLn 1–2 | $3.5M | $2.0M |
| InvestmentsLn 11–13 | $48.0M | $42.9M |
| Land, buildings, equipmentLn 10c | $627K | $553K |
| Total assetsLn 16 | $65.0M | $52.0M |
| LiabilitiesLn 26 | $5.8M | $5.2M |
| Net assetsLn 32 | $59.2M | $46.8M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants and assistance to foreign recipientsLn 3 | $44K | $44K | ||
| Pay of current officers, directors and key staffLn 5 | $3.0M | $1.5M | $1.4M | $160K |
| Other salaries and wagesLn 7 | $6.0M | $4.7M | $993K | $286K |
| Pension plan contributionsLn 8 | $174K | $126K | $39K | $8K |
| Other employee benefitsLn 9 | $921K | $645K | $231K | $45K |
| Payroll taxesLn 10 | $471K | $324K | $125K | $23K |
| Legal feesLn 11b | $564K | $292K | $272K | |
| Accounting feesLn 11c | $142K | $142K | ||
| Lobbying feesLn 11d | $30K | $30K | ||
| Investment management feesLn 11f | $152K | $152K | ||
| Other fees for servicesLn 11g | $4.1M | $3.4M | $646K | $80K |
| Advertising and promotionLn 12 | $849K | $849K | ||
| Office expensesLn 13 | $603K | $414K | $159K | $30K |
| OccupancyLn 16 | $522K | $358K | $138K | $26K |
| TravelLn 17 | $384K | $264K | $101K | $19K |
| Depreciation, depletion and amortizationLn 22 | $199K | $137K | $53K | $10K |
| InsuranceLn 23 | $817K | $561K | $216K | $40K |
| Other expenses (24a–d)Ln 24 | $252K | $204K | $40K | $7K |
| All other expensesLn 24e | $70K | $34K | $24K | $12K |
| Total functional expensesLn 25 | $19.3M | $13.8M | $4.7M | $747K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest | $14.8M | $15.8M | −$1.1M | $48.0M | 990 PDF |
| FY2023 Viewing | $10.0M | $19.3M | −$9.3M | $46.8M | 990 PDF |
| FY2022 | $10.9M | $18.7M | −$7.8M | $59.2M | 990 PDF |
| FY2021 | $24.7M | $22.6M | $2.1M | $74.1M | 990 PDF |
| FY2020 | $12.0M | $23.3M | −$11.3M | $80.6M | 990 PDF |
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Schedules filed Part IV
See the full FY2023 990 (6 parts)
Part I · Summary $10,006,742 revenue, 12 lines filed
Part VI · Governance 6 of 7 board members independent, no flags
Part VIII · Statement of revenue $10,006,742 across 7 lines filed
Part IX · Statement of functional expenses $19,326,497 across 19 lines filed
Part X · Balance sheet $51,992,405 assets, 18 lines filed
Part XI · Reconciliation of net assets $46,832,301 net assets at year end
Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File
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