NonprofitsResearch Development Foundation

Research Development Foundation

CARSON CITY, NV

Total revenue

$6.2M

Total expenses

$16.0M

Net assets

$21.7M

Grants received

$3.9M

1 grants

EIN

880234325

Tax year

2024

Mission

To advance medical and scientific research through the transfer of technology from the laboratory to public use by obtaining patents, granting licenses and administering patents arising out of discoveries pursuant to research conducted or sponsored by certain other charitable organizations. As funds are available, grants are made to Clayton Foundation for Research to support additional research.

Financials

FY 2024

Revenue

Contributions & grants$3.9M
Program service revenue$746K
Investment income$1.5M
Other revenue
Total revenue$6.2M

Expenses

Grants paid$250K
Salaries & benefits$702K
Fundraising
Other expenses$15.0M
Total expenses$16.0M
Total assets$51.2M
Net assets$21.7M

People

8 listed

NameRoleCompensation

Robert M Wallace

Trustee, President

Board

$187K

4 hrs/wk

Jarred W Sloan

Trustee, Vice President, Treasurer

Board

$150K

4 hrs/wk

Joan S Dunlap

Trustee,VP,Assistant Secretary

Board

$129K

8 hrs/wk

Brian W Crozier

Trustee, Chairman

Board

$77K

6 hrs/wk

Lynn P Carter

Trustee

Board

$77K

4 hrs/wk

Robert L Evans Jr

VP, Assistant Treasurer

Board

0

John Russell Beekman

Vice President

Board

10 hrs/wk

Christopher MacKenzie

Vice President, Secretary

Board

1 hrs/wk

Independent contractors

Norton Rose Fulbright LLP

Legal Services

$3.7M

Clayton Biotechnologies Inc

Consulting

$3.4M

Parker Highlander PLLC

Legal service - medical patent

$1.3M

Grants received

Showing 1 of 1

FromAmountPurposeYear
$3.9M
General Support
2024

Funded by

$3.9M from 1 funder · 1 grant · 2024

Foundation for Research

$3.9M · 1 grant · 2024

Details

EIN880234325
Subsection03
Ruling date1988-04
Formed1989
Employees3
RESEARCH DEVELOPMENT FOUNDATION — Mission, Financials & Grants Received | Grantivo