Mircore

Nonprofit profile at a glance

EIN
270568407
IRS 990 coverage
2020–2024
Forms available
Form 990 2024, Form 990-N 2013
Location
Ann Arbor, MI, USA
Phone
7342888647
Rating
75
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Medical Research N.E.C.

Official website

Reported finances

Revenue
$446,787
Expenses
$403,946
Assets
$188,407
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

4 people listed

Executive titles in this filing

  • Inhan Lee PhD (President and Director)

Highest reported compensation

  • Inhan Lee PhD (President and Director): $71,500 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

MiRcore's mission is to advance science and medicine by advocating personalized medicine and democratizing medical research. We believe that cultivating youth in STEMM (science, technology, engineering, math, medicine) is the best way to realize our mission. We value science, compassion, and collaboration. We teach students to see the humanity behind statistics and to understand the importance of collaboration among scientists, doctors, and the public. We hope to engender a STEMM-literate citizenry.

What it reported doing in 2024

Computational biology research education for high school students: To democratize medical research in the genomics era, we teach high school students computational biology. About 2,100 students were served in 2024 through our Contest, Conference, camps, in-school, after-school and weekend programs. 1) miRcore Volunteer Program (MVP): We mentor high schoolers in computational biology research every weekend, advocating personalized medicine and fostering leadership. This year, we offered in-person meetings at University of Michigan, Scripps Research Institute, LG NOVA. Volunteers lead school club Genes in Disease and Symptoms (GIDAS, guide-us). 2) GIDAS: a student club at high schools and the University of Michigan. Our volunteers share learning with peers at their schools. In 2024, there are over 100 high school GIDAS chapters nationally. 3) Genes and Health Contest: promotes study in science among peers through enjoyable challenges. In 2024, we held the contest virtually. 4) High School Research Conference: provides high schoolers a science conference setting to boost their familiarity with academic pursuits while raising community awareness on the conference theme (disease of focus voted on by volunteers each year). We held two in-person locations at University of Michigan campus and Scripps Research Translational Institute as well as with virtual participation. 5) Summer camps for high schoolers: Computational Biology, Biotechnology Sequencing, R Programming Research, and Sequencing Your Genome camps were held online and also in-person at University of Michigan and Scripps Research Institute. We focused on high school student teaching among last year's Citizen Scientist Sequencing Initiatives this year and thus include CSSI here this year. 6) Lab on Wheels program: We provided hands-on experiments at local high school biology classrooms to expose 9th graders about computational biology and a research project using gel electrophoresis. 7) Middle School biology workshop: Our high school volunteers led the workshop to teach younger students about genes, cancers, and computational biology.

Operating model

Revenue model
Earned-program. 65% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 95% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 78
  • Transparency & Controls: 86
  • Accountability: 54
  • Sustainability: 46
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 84.1%; rating input score 84
  • Program expense ratio: 93%; rating input score 93
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 90.9%; rating input score 91; 13th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 88.8%; rating input score 89; 51st percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 75%; rating input score 75; 20th percentile among comparable filings
  • Governance controls: 2 of 8 controls in place; rating input score 25
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Fail
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 9.6%; rating input score 59; 59th percentile among comparable filings
  • Total-asset coverage ratio: 0.47; rating input score 23; 23rd percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 80; 80th percentile among comparable filings
  • Officer compensation ratio: 17.7%; rating input score 21; 21st percentile among comparable filings

Growth

  • Program expense growth: 20.9% per year; rating input score 100; 85th percentile among comparable filings
  • Revenue growth: 18.7% per year; rating input score 100; 86th percentile among comparable filings
  • Asset growth: 23.8% per year; rating input score 100; 88th percentile among comparable filings

Details

  • Where the money goes: 84.1% of revenue deployed · 93% of spending went to programs
  • Governance: 3 of 4 board members independent · 2 of 8 filing controls reported
  • Programs: 5 filed program accomplishments · $376K in reported program spending
  • Leadership: top reported pay $72K · 4 people listed
  • Consistency: 33 of 34 current checks pass · 1 finding to review
  • Schedules: 4 filed schedules · includes major donors and grants
  • Filing history: 4 filing years from 2020 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Accountability: Governance controls: 5 of 7 not reported.
  • High — Sustainability: Total-asset coverage ratio scored 23/100.
  • Review — Sustainability: Operating margin scored 59/100.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
  • High — Sustainability: Officer compensation ratio scored 21/100.