MIRCORE

EIN: 270568407 501(c)(3) Medical Research

Ann Arbor, MI

Total Revenue
$376,476
Total Expenses
$333,409
Total Assets
$145,566
Net Assets
$145,566
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Financial Trends

Organization Details

Formation Year
2009
Legal Domicile
MI
Principal Officer
Inhan Lee
Phone
7342888647
Tax Period
2023-01-01 to 2023-12-31

MIRCORE, founded in 2009, is a small nonprofit in the Medical Research sector that reported $376K in total revenue in fiscal year 2023. Revenue surged 47% from the prior year, signaling strong growth momentum. Expenses of $333K left a modest 11% surplus.

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.

Program Service Accomplishments

Program 1
Expenses: $200,458 Revenue: $248,449

Computational biology research education for high school students: To democratize medical research in the genomics era, we teach high school students computational biology. About 1200 students were...

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Computational biology research education for high school students: To democratize medical research in the genomics era, we teach high school students computational biology. About 1200 students were served in 2023 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, Stanford University. 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 2023, there are over 70 high school GIDAS chapters nationally. 3) Genes and Health Contest: promotes study in science among peers through enjoyable challenges. In 2023, we held the contest all 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, and R Programming Research camps were held online and also in-person at University of Michigan and Scripps Research Institute. 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.

Program 2
Expenses: $52,335 Revenue: $23,280

Citizen Scientist Sequencing Initiative (CSSI): After a year of preparation and consulting multiple field experts and leaders, in February 2023 we implemented our Citizen Scientist Sequencing...

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Citizen Scientist Sequencing Initiative (CSSI): After a year of preparation and consulting multiple field experts and leaders, in February 2023 we implemented our Citizen Scientist Sequencing Initiative, whereby individuals can obtain their own genomic sequences as sole custodians, not having to share it with anyone, including us, miRcore. The program began educating individuals regarding the ethics and implications of genome sequencing before collecting their saliva so that individuals were appropriately informed beforehand. Once individual samples were collected, they were sent to the University of Michigan sequencing core for whole exome sequencing, the data then being transferred to the individuals' user accounts in the University of Michigan high performance computing system for self-data analysis. We taught participants how to use the Linux cluster and handle different types of data file structures as well as how to use various analytical software tools so that students had essential technical skills for current and future jobs. Further, being excited when they saw their own DNA sequences, students came to deeply appreciate science. Based on the program's success with a first cohort of 20 students, we offered the first Sequencing Your Own Genome summer camp to ten students, which also ran successfully. We presented our program at the 2023 ASHG conference with a booth to invite collaborators and explore expansion options.

Program 3
Expenses: $30,174 Revenue: $5,000

Bioinformatics research, consulting and supports: 1. We supported scientists at the University of Michigan, University of Texas Medical Branch and Yonsei University in Korea. More specifically, we...

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Bioinformatics research, consulting and supports: 1. We supported scientists at the University of Michigan, University of Texas Medical Branch and Yonsei 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. We are uncovering novel RNA-RNA interactions, research which may result in identifying more breast cancer patients who can benefited from precision medicine cancer drugs. 3. We taught student scientists to do in-depth research and how to write research papers. One collaborative research project for novel small RNA functions in COVID-19 was published and one research project manuscript was also published. 4. We attended small RNA research conference (Keystone Symposium) to identify collaborators for additional research projects for our students and for our novel RNA-RNA interaction model validation.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $94,748
Program Service Revenue $281,728
Investment Income $0
Other Revenue $0
TOTAL REVENUE $376,476

Expense Breakdown

Grants Paid $741
Salaries & Benefits $157,584
Fundraising Expenses $0
Program Expenses $304,769
Other Expenses $175,084
TOTAL EXPENSES $333,409

Year-over-Year Comparison

2023 2022 Change
Revenue $376,476 $255,296 +0.5%
Expenses $333,409 $272,365 +0.2%
Net Income $43,067 $-17,069 -3.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
4
Independent Members
3
Employees
25
Volunteers
300

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
1
$27,200
Total Directors
4
$27,200
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Inhan Lee PhD President and Director 40
Officer Director
$27,200 $0 $27,200
James Proscia JD PhD Director 1
Director
$0 $0 $0
Mi Dong MS Director 1
Director
$0 $0 $0
Laura Nicholson Director 1
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $376,476 $333,409 $145,566 $43,067
2022 $255,296 $272,365 $102,499 $-17,069
2021 $267,358 $214,975 $119,568 $52,383
2020 $210,595 $168,836 $67,185 $41,759
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