Mircore EIN 27-0568407

Mircore FY2021 filing

EIN  27-0568407 Public charity (501(c)(3)) Ann Arbor, MI
Form 990 (PDF)
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Size
$100K–1M
What they do
Connects scientists and the public through research, education, and advocacy for informed health decisions.
Leadership
Inhan Lee PhD · President and Director · $21K
Money in and out
$267K revenue, $215K expenses
Bottom line
84% program efficiency

Connects scientists and the public through research, education, and advocacy for informed health decisions. For fiscal year 2021 it reported $267K in revenue, $215K in expenses, and $120K in net assets.Pt I

Where the money goes · FY2021
Total revenue
$267K
Pt VIII · Ln 12
Total expenses
$215K
Pt IX · Ln 25
Net assets
$120K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $52K
Where spending went · Part IX cols B–D
Program services $0.84 Management & general $0.16
Program efficiency
84%
of spending reaches programs
Operating runway
6.7mo
months of highly liquid reserves at operating expense rate
Surplus margin
+20%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Revenue
$267K
FY2021▲ +27%
Expenses
$215K
FY2021▲ +27%
Total assets
$120K
FY2021▲ +78%
Total liabilities
$0
FY2021
Total revenue
$267K
Pt VIII · Ln 12
Total expenses
$215K
Pt IX · Ln 25
Net assets
$120K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$52K
Total assetsPt X · Ln 16$120K
Program-expense ratioPt IX · col B84%
Voting members of governing bodyPt I · Ln 34
Independent voting membersPt I · Ln 43
Mission & Programs · Part III

Where the work happens

3 program services account for $165K of program spending, described in the organization's own filed words · FY2021.
01

Computational biology research education for high school students: To democratize medical research in the genomics era, we teach high school students computational biology. About 900 students were served in 2020 through our Contest, Conference, camps, in-school, after-school and weekend programs.

$124Kprogram expense
02

Bioinformatics Research, Consulting and Supports

1. We supported scientists at the University of Michigan, University of Texas Medical Branch, Yonsei University and Kyungpook National University in Korea. More specifically, we provided computational biology research support to RNA function experts regarding small RNA regulations. We published research papers for the public benefits. 2.

$29Kprogram expense
03

Mircore Vaccine Advocacy (mva)

We have developed a student-run COVID-19 vaccine advocacy program that involves galvanizing individuals who have positive perceptions of vaccines in advocating for vaccines in their own networks and communities.

$12Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CMircore
EINHdr · item D27-0568407
Principal addressHdr · item CAnn Arbor, MI
WebsiteHdr · item Jmircore.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMI
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFMedical Research (H99)
Ruling yearIRS BMFAug 2010

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a4
Independent voting membersPt VI · Ln 1b3
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President and Director
$21,200Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Inhan Lee PHD’s $72K as President and Director is at the 51st percentile of top reported officer pay among 322 $100K–1M 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 · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Inhan Lee PHD$71,500$27,200$25,000$21,200$12,500

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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Statement of Revenue

Part VIII
Program service revenue$197K · 74%
Contributions & grants$70K · 26%
Program service revenue74%$197K
Contributions & grants26%$70K
— government grantsLn 1e$1K
Total revenueLn 12$267K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.84 Management & general $0.16
Program services84%$180K
Management & general16%$35K
Total functional expensesLn 25$215K

Balance Sheet

Part X · end of year
CashLn 1$120K
Total assetsLn 16$120K
Total liabilitiesLn 26$0
Total net assetsLn 32$120K
Months of cash on handcomputed6.7

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $120K · Operating expenses/yr $215K
6.7 months
Where the money goes
Program services
Program services $180K · Total expenses $215K
84%
Management & General
Management & general $35K · Total expenses $215K
16%
Fundraising
Fundraising $0 · Total expenses $215K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $58K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $70K · Total revenue $267K
26%
Government reliance
Government grants $1K · Total revenue $267K
0%
Earned-income share
Program service revenue $197K · Total revenue $267K
74%
Investment reliance
Investment income $0 · Total revenue $267K
0%
Program self-sufficiency
Program service revenue $197K · Total expenses $215K
92%
Growth & trend
Revenue growth (YoY)
This year $267K · Prior year $211K
+27%
Net-asset trend (YoY)
End of year $120K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $267K · Expenses $215K
+20%
Liabilities-to-Assets
Total liabilities — · Total assets $120K
Net-asset ratio
Net assets $120K · Total assets $120K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $120K
0%
People & payroll
Highest Reported Total Compensation
Individual Inhan Lee PHD · Reported title President and Director · Highest reported compensation $21K · Total expenses $215K
10%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $123K · Total expenses $215K
57%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 84%
Overhead ratio 16%
Fundraising cost ratio 0%
Revenue growth 27%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 0%
Fundraising fee ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2023
Total grants receivedfrom 1 funder$114
Grants paid · 3 grants · $24K · 2021–2024
Unitemized GrantFY2024$10,000
Unitemized GrantFY2024$6,000
Unitemized GrantFY2021$8,000

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$447K revenue · ⤓ 990 PDF
FY2023$376K revenue · ⤓ 990 PDF
FY2022$255K revenue · ⤓ 990 PDF
FY2021$267K revenue · viewing · ⤓ 990 PDF
FY2020$211K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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