Institute For Therapeutic Discovery Inc
- Assets
- $451.0
- Revenue
- $143.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Delanson, NY
- Founding
- 05/2004
- Data as of
- 06/2019
- EIN
- 20-0109928
Organization Overview
Institute For Therapeutic Discovery Inc is located in Delanson, NY. The organization was established in 2004. According to its NTEE Classification (H90) the organization is classified as: Medical Disciplines Research, under the broad grouping of Medical Research and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Institute For Therapeutic Discovery Inc 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 06/2019, Institute For Therapeutic Discovery Inc generated $143.2k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 39.1% each year . All expenses for the organization totaled $65.6k during the year ending 06/2019. While expenses have increased by 16.0% per year over the past 5 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2019
Describe the Organization's Mission:
Part 3 - Line 1
TO CONDUCT DISCOVERY AND EARLY STAGE DEVELOPMENT RESEARCH IN THE PUBLIC INTEREST AND TO DEVELOP PRODUCTS FOR DIAGNOSING DISEASE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCIENTIFIC RESEARCH PROJECTS WILL IDENTIFY AND ENABLE DEVELOPMENT OF PRODUCTS FOR DIAGNOSING AND TREATING DISEASE IN HUMANS AND ANIMALS.
SCIENTIFIC RESEARCH PROJECTS WILL IDENTIFY AND ENABLE DEVELOPMENT OF PRODUCTS FOR DIAGNOSING AND TREATING DISEASE IN HUMANS AND ANIMALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Mcmichael Chair | Officer | $0 | |
James Drane Director | Officer | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $52,592 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $143,192 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $8,613 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,350 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $243 |
| Advertising and promotion | $0 |
| Office expenses | $13,478 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $19,200 |
| Travel | $165 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $65,646 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $451 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $451 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $2,665 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,665 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | -$2,215 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Institute For Therapeutic Discovery Inc has recieved totaling $2,050,000.
| Awarding Organization | Amount |
|---|---|
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $2,000,000 |
Amdg Foundation Memphis, TN PURPOSE: GENERAL & UNRESTRICTED | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Donald Guthrie Foundation Sayre, PA | $56,153,398 | $6,059,366 |
Lymphatic Education & Research Network Inc Le&rn New York, NY | $3,889,093 | $4,129,686 |
Serenagroup Research Foundation Cambridge, MA | $146,858 | $676,235 |
Sass Foundation For Medical Research Inc Roslyn, NY | $349,661 | $364,188 |
Association For Pathology Informatics Inc Pittsburgh, PA | $165,500 | $362,691 |
The New Jersey Institute For Medical Research And Education Inc Red Bank, NJ | $234,007 | $408,852 |
Homoeopathic Pharmacopoeia Convention Of The United States Southeastern, PA | $1,230,004 | $174,691 |
American Healthcare Radiology Administrators Education Fndtn Inc Marlborough, MA | $978,128 | $402,631 |
Vincera Foundation Philadelphia, PA | $91,710 | $56,705 |
Research Update Harrison, NJ | $172,395 | $334,394 |
Richard And Patricia Jay Charitable Foundation Westport, CT | $132,424 | $298,349 |
Biostasis Technologies Inc Brooklyn, NY | $216,774 | $169,164 |