Research Development Foundation

Organization Overview

Research Development Foundation is located in Carson City, NV. The organization was established in 1988. According to its NTEE Classification (H11) the organization is classified as: Single Organization Support, under the broad grouping of Medical Research and related organizations. As of 12/2021, Research Development Foundation employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Research Development Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, Research Development Foundation generated $15.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.2% each year . All expenses for the organization totaled $11.2m during the year ending 12/2021. While expenses have increased by 12.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

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.

Describe the Organization's Program Activity:

Part 3 - Line 4a

RESEARCH DEVELOPMENT FOUNDATION ("RDF") IS ESTABLISHED TO TRANSFER MEDICAL AND SCIENTIFIC TECHNOLOGY FROM THE LAB TO THE PUBLIC USE BY OBTAINING PATENTS AND LICENSES AND ADMINISTERING PATENTS ARISING OUT OF DISCOVERIES MADE PURSUANT TO MEDICAL RESEARCH CONDUCTED OR SPONSORED BY CLAYTON FOUNDATION FOR RESEARCH, A MEDICAL RESEARCH ORGANIZATION DESCRIBED IN SECTION 170(B)(1)(A)(III) ("CLAYTON"), AND BY SUPPORTING ORGANIZATIONS TO CLAYTON. RDF'S CURRENT PATENT PORTFOLIO CONTAINS APPROXIMATELY 200 PATENT APPLICATIONS AND ISSUED PATENTS ON DISCOVERIES THAT HAVE BEEN MADE IN THE COURSE OF THE VARIOUS RESEARCH PROJECTS THAT HAVE BEEN CONDUCTED BY CLAYTON OR FUNDED BY ANOTHER SUPPORTING ENTITY OF CLAYTON OVER THE YEARS. RDF HAS ENTERED INTO NUMEROUS LICENSES OF SUCH DISCOVERIES TO PHARMACEUTICAL AND STARTUP COMPANIES AND FIFTEEN OF SUCH DISCOVERIES HAVE ALREADY LED TO PRODUCTS THAT HAVE BEEN BROUGHT TO MARKET BY THE LICENSEE AND ARE BENEFITING MANKIND. RDF HAS COLLECTED MILLIONS OF DOLLARS IN PATENT ROYALTIES FROM ITS LICENSING ACTIVITIES OVER THE YEARS.


FOUNDATION FOR RESEARCH (FFR) AND RESEARCH DEVELOPMENT FOUNDATION (RDF) ARE BOTH SUPPORTING ORGANIZATIONS OF CLAYTON FOUNDATION FOR RESEARCH (CLAYTON). RDF MADE A GRANT TO FFR DURING THE YEAR FOR $500,000. AS A SUPPORTING ORGANIZATION OF CLAYTON, FFR'S PRIMARY MISSION IS TO FUND MEDICAL RESEARCH FOR THE PURPOSE OF DISCOVERING THE CAUSE, PREVENTION, AND CURE OF DISEASES FOR THE BENEFIT OF MANKIND.


Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.

Board, Officers & Key Employees

Name (title)Compensation
Robert M Wallace
Trustee, President
$158,620
Jarred W Sloan
Trustee, Vice President, Treasurer
$127,593
Thomas J Brorby
Trustee, Chairman
$65,559
Lynn P Carter
Trustee
$65,559
Brian W Crozier
Trustee
$65,559
Joan S Dunlap
Vice President, Assistant Secretary
$44,076

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Parker Highlander Pllc
Legal Service - Medical Patent
$898,650
Brorby Crozier & Dobie Pc
Legal
$113,149
Clayton Biotechnologies Inc
Consulting
$3,000,000
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$14,786,133
Investment income $518,575
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $2,107
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $15,306,815

Grants Awarded

Over the last fiscal year, Research Development Foundation has awarded $6,000,000 in support to 2 organizations.

Grant RecipientAmount

CLAYTON FOUNDATION FOR RESEARCH

Org PageRecipient Profile

Houston, TX

PURPOSE: General Support

$5,500,000

FOUNDATION FOR RESEARCH

Org PageRecipient Profile

Carson City, NV

PURPOSE: General Support

$500,000
View Grant Profile

Endowment Analysis

Beg. Balance$10,817,339
Ending Balance$10,817,339

Create an account to unlock the data you need.

or