Musc Foundation for Research Development
Translates medical ideas into products and supports faculty education for public benefit. For fiscal year 2025 it reported $5.6M in revenue, $5.2M in expenses, and $2.9M in net assets.Pt I
- Type
- Supporting organization · Medical Research
- Location
- Charleston, SC
- Website
- www.musc.edu/frd
- Filings
- 6 on file (2020–2025)
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Summary of the Filing
Identity & Classification
Governance & Policies
Officers, Directors & Key Employees
Todd Headley’s $315K as CEO is at the 86th percentile of top reported officer pay among 360 $1–10M 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 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Robert Donato | — | — | — | — | $327,878 | $364,620 |
| Nancy Demore MD | — | — | — | — | $350,189 | — |
| Todd Headley | $315,262 | $276,435 | — | — | — | — |
| Jesse Goodwin PHD | — | — | — | — | $264,855 | — |
| Michael Rusnak | — | — | — | $262,511 | $228,440 | $235,325 |
| Kathleen Brady MD PHD | — | — | — | — | $221,850 | — |
| Sachin Patel | — | — | — | — | $180,808 | $208,035 |
| Joe Ruscito | $207,862 | $195,694 | — | — | — | — |
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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Where the work happens
The foundation manages and markets intellectual property emanating from musc in order to expedite, for the public's benefit, the translation of ideas into procedures, devices, and products.
The foundation assists musc in accomplishing its educational and public service missions by supporting continuing medical education and other opportunities for musc faculty, residents, and medical students. Other regional, national and international attendees and faculty contribute to the exchange of information and ideas.
The Foundation is a 501(c)3 not-for-profit technology transfer office that acts as a point of contact for industry and entrepreneurs wishing to commercialize intellectual property from the Medical University of South Carolina (MUSC).
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Statement of Revenue
Statement of Functional Expenses
Balance Sheet
Financial Metrics
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
| Metric | This org | Peer median | Percentile |
|---|---|---|---|
| Program ratio | 92% | — | — |
| Overhead ratio | 8% | — | — |
| Revenue growth | 11% | — | — |
| Legal fee ratio | 20% | — | — |
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
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Filings & Schedule Manifest
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Sources
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