Developmental Therapeutics Inc
- Assets
- $1.0m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Cincinnati, OH
- Founding
- 11/1986
- Data as of
- 12/2021
- EIN
- 31-1183763
Organization Overview
Developmental Therapeutics Inc is located in Cincinnati, OH. The organization was established in 1986. According to its NTEE Classification (E65) the organization is classified as: Organ & Tissue Banks, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Developmental Therapeutics 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 12/2021, Developmental Therapeutics Inc generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 10.4% each year . All expenses for the organization totaled $1.7m during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
IMPROVES LIVES THROUGHOUT THE WORLD BY PROVIDING THE HIGHEST QUALITY PRODUCTS THAT ARE POSSIBLE TO IMPROVE THE HEALTH AND LIVES OF OTHERS. WE PERFORM PANCREATIC ISLET CELL ISOLATION PROCEDURES. IN DOING SO, WE MAINTAIN THE HIGHEST STANDARDS IN PERFORMING CLINICAL CELL PROCESSING OPERATIONS POLICIES AND PROCEDURES ARE IN PLACE TO ENSURE REGULATORY COMPLIANCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PERFORM PANCREATIC ISLET CELL ISOLATION PROCEDURES. IN DOING SO, WE MAINTAIN THE HIGHEST STANDARDS IN PERFORMING CLINICAL CELL PROCESSING OPERATIONS WORKING WITHIN THE CELL THERAPY DIVISION'S OPERATING POLICIES AND PROCEDURES THAT ARE IN PLACE TO ENSURE REGULATORY COMPLIANCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Taliesin Richards Executive Director | Officer | 4 | $60,000 |
Dr Jeffrey Sussman Board Member | OfficerTrustee | 1 | $0 |
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 | $1,520,086 |
| 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 | $1,520,086 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,100,000 |
| 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. | $60,000 |
| Compensation of current officers, directors, key employees. | $60,000 |
| 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 | $0 |
| Fees for services: Legal | $94,690 |
| Fees for services: Accounting | $144,810 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $113,938 |
| Advertising and promotion | $0 |
| Office expenses | $31,635 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $23,601 |
| All other expenses | $0 |
| Total functional expenses | $1,683,367 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,025,813 |
| 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 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,025,813 |
| 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 | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $1,025,813 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,025,813 |
Grants Awarded
Over the last fiscal year, Developmental Therapeutics Inc has awarded $930,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF CINCINNATI PURPOSE: Resident support and pancreatic research | $600,000 |
Wilson, WY PURPOSE: Start-up aid for new 501(c)(3) | $250,000 |
SPHINGOLIPIDSUSA PURPOSE: Support for Academic Meeting | $80,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lifecenter Organ Donor Network Cincinnati, OH | $7,753,591 | $21,281,333 |
Cota Childrens Organ Transplant Association Inc Bloomington, IN | $40,120,969 | $8,771,339 |
Indiana Lions Eye Bank Inc Carmel, IN | $18,448,498 | $6,646,664 |
Lions Eye Bank Of West Central Ohio Dayton, OH | $5,158,775 | $3,862,988 |
Developmental Therapeutics Inc Cincinnati, OH | $1,025,813 | $1,520,086 |
The Cleveland Eye Bank Foundation Cleveland, OH | $5,675,220 | $76,743 |
Gift Of Life Foundation Ann Arbor, MI | $2,379,256 | $301,101 |
Lions Eye Bank Of Nw Pa Inc Erie, PA | $441,581 | $458,814 |
Ohio Solid Organ Transplantation Springfield, OH | $842,233 | $191,731 |
Andy Talley Bone Marrow Foundation Devon, PA | $334,436 | $344,682 |
Transplant Resource Associates Springfield, OH | $44,371 | $283,383 |
Lifecenter Memorial Cincinnati, OH | $19,488,416 | $1,265,694 |