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← METIS FOUNDATION

Form 990 for tax year 2024

Filed by METIS FOUNDATION.

Totals

Total revenue
$14,394,121
Total expenses
$14,318,855
Contributions and grants received
$14,370,162
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$23,959
Total assets, end of year
$4,313,499
Total liabilities, end of year
$3,439,199
Net assets or fund balances, end of year
$874,300
Program services expenses (Part IX)
$12,011,711
Management and general expenses
$2,307,144
Fundraising expenses
$0
Program service expenses (Part III)
$12,011,711

Program services were 83.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $14,370,162

  • 11d · All other revenue

    total $23,959 · related or exempt $23,959 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $23,959

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $7,788,793 · program services $6,351,383 · management and general $1,437,410 · fundraising $0

  • 11b · Fees: legal

    total $255,874 · program services $0 · management and general $255,874 · fundraising $0

  • 11g · Fees: other

    total $1,478,823 · program services $1,477,273 · management and general $1,550 · fundraising $0

  • 14 · Information technology

    total $87,456 · program services $21,001 · management and general $66,455 · fundraising $0

  • 16 · Occupancy

    total $708,797 · program services $642,302 · management and general $66,495 · fundraising $0

  • 17 · Travel

    total $279,286 · program services $187,524 · management and general $91,762 · fundraising $0

  • 23 · Insurance

    total $1,756 · program services $473 · management and general $1,283 · fundraising $0

  • 24a · Other expenses: BANK CHARGES

    total $8,002 · program services $110 · management and general $7,892 · fundraising $0

  • 24b · Other expenses: MATERIALS & SUPPLIES

    total $1,036,674 · program services $947,487 · management and general $89,187 · fundraising $0

  • 24c · Other expenses: MEALS & ENTERTAINMENT

    total $30,547 · program services $0 · management and general $30,547 · fundraising $0

  • 24d · Other expenses: MEMBERSHIPS & SUBSCRIPTIONS

    total $40,779 · program services $8,708 · management and general $32,071 · fundraising $0

  • 24e · All other expenses

    total $2,602,068 · program services $2,375,450 · management and general $226,618 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $203,781 · end of year $1,012,069

  • 4 · Accounts receivable

    beginning of year $3,505,653 · end of year $3,255,636

  • 9 · Prepaid expenses and deferred charges

    beginning of year $7,721 · end of year $45,794

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,679,456 · end of year $1,175,064

  • 19 · Deferred revenue

    beginning of year $933,621 · end of year $2,263,558

  • 24 · Unsecured notes and loans payable

    beginning of year $305,044 · end of year $577

  • 27 · Net assets without donor restrictions

    beginning of year $705,352 · end of year $780,618

  • 28 · Net assets with donor restrictions

    beginning of year $93,682 · end of year $93,682

Mission and programs · 2024

Mission

The Metis Foundation is an organization dedicated to advancing clinically relevant medical research, especially within the Department of Defense. We seek to foster collaboration among government, academic and industry entities by providing scientific, educational, financial and project management support during the conduct of federally and privately sponsored research, clinical trials and education.

  • W81XWH-19-2-0016 Development of a radiation dose response in rats. Besides survival, outcome measures include physiological parameters, coagulopathy (prothrombin time, thrombin generation, platelet aggregation, coagulation factors), endothelial damage & dysfunction (glycocalyx shedding, edema) and acute immune response.

    Expenses $969,449 · Grants $359,753 · Revenue $1,129,839

  • HU00012120090: Statement of Public PurposeMilitary Health System beneficiaries and military service members are at risk for Long Haul Covid (LHC). Importantly, this study will enroll non-MHS beneficiaries as well, extending the implications to the health of the general public. All individuals that suffer from Covid will benefit from research studies that expand the body of knowledge on reducing this negative post-viral impact.

    Expenses $854,892 · Grants $96,872 · Revenue $991,679

  • W81XWH-21-2-0053 We are seeking to address the following scientific questions, (1) Is hypocalcemia presentfollowing traumatic injury prior to transfusion during resuscitation? (2) Does hypocalcemia influence the amount of blood products transfused? (3) To what extent is hypocalcemia further exacerbated by transfusion? (4) What is the relationship of hypocalcemia following traumatic injury to mortality?

    Expenses $862,506 · Grants $530,286 · Revenue $924,174

  • ALL OTHER PROGRAMS COMBINED FOR MEDICAL RESEARCH

    Expenses $9,324,864 · Grants $3,315,953 · Revenue $11,348,430

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Rodney Chan

    CHAIR, BOARD MEMBER

    Total calculated
    $430,686
    From this org
    $0
    From related orgs
    $0
    Other
    $430,686
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $430,686
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $430,686
  • Anders Carlsson PhD

    BOARD MEMBER

    Total calculated
    $182,612
    From this org
    $89,480
    From related orgs
    $0
    Other
    $93,132
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $182,612
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $182,612
  • Prabh Grewal DDS

    BOARD MEMBER

    Total calculated
    $66,560
    From this org
    $66,560
    From related orgs
    $0
    Other
    $0
    Hours/week
    1
  • Rachelle Mainard

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Michael Davis

    BOARD MEMBER

    Total calculated
    $173,800
    From this org
    $94,800
    From related orgs
    $0
    Other
    $79,000
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $173,800
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $173,800
  • Andrew Heroy

    EMPLOYEE

    Total calculated
    $149,651
    From this org
    $149,651
    From related orgs
    $0
    Other
    $0
    Hours/week
    40
  • Jason Lavender

    EMPLOYEE

    Total calculated
    $145,601
    From this org
    $145,601
    From related orgs
    $0
    Other
    $0
    Hours/week
    40
  • Richard Ma

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
20 October 2025
IRS schema version
2024v5.2
Source object
202503179349304235

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