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Nonprofiteer
← READDI INC

Form 990 for tax year 2024

Filed by READDI INC.

Totals

Total revenue
$623,604
Total expenses
$1,125,752
Contributions and grants received
$559,168
Grants paid
$0
Program service revenue
$0
Investment income
$42,761
Other revenue
$21,675
Total assets, end of year
$1,321,299
Total liabilities, end of year
$249,084
Net assets or fund balances, end of year
$1,072,215
Program services expenses (Part IX)
$344,237
Management and general expenses
$289,748
Fundraising expenses
$491,767
Program service expenses (Part III)
$344,237

Program services were 30.6% 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.

  • 1d · Related organizations

    $59,168

  • 1f · All other contributions, gifts and grants

    $500,000

  • 1g · Noncash contributions included above

    $59,168

  • 3 · Investment income

    total $42,761 · excluded $42,761

  • 11a · Other revenue: REIMBURSEMENTS

    total $21,675 · excluded $21,675

  • 11e · Other revenue, total

    $21,675

Functional expenses

Part IX, the statement of functional expenses.

  • 11b · Fees: legal

    total $21,210 · management and general $21,210

  • 11c · Fees: accounting

    total $74,670 · management and general $74,670

  • 11g · Fees: other

    total $905,230 · program services $316,831 · management and general $135,784 · fundraising $452,615

  • 13 · Office expenses

    total $366 · program services $128 · management and general $55 · fundraising $183

  • 14 · Information technology

    total $14,158 · program services $4,955 · management and general $2,124 · fundraising $7,079

  • 16 · Occupancy

    total $28,187 · management and general $28,187

  • 17 · Travel

    total $63,780 · program services $22,323 · management and general $9,567 · fundraising $31,890

  • 24a · Other expenses: MISCELLANEOUS

    total $18,151 · management and general $18,151

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $11,005 · end of year $21,495

  • 2 · Savings and temporary cash investments

    beginning of year $1,657,566 · end of year $1,294,120

  • 9 · Prepaid expenses and deferred charges

    end of year $5,684

  • 17 · Accounts payable and accrued expenses

    beginning of year $94,208 · end of year $249,084

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $1,574,363 · end of year $1,072,215

Mission and programs · 2024

Mission

THE RAPIDLY EMERGING ANTIVIRAL DRUG DEVELOPMENT INITIATIVE (READDI) IS A NONPROFIT BIOTECHNOLOGY ORGANIZATION DEDICATED TO PREVENTING GLOBAL CATASTROPHES CAUSED BY VIRUSES AND A LEADER IN THE THERAPEUTICS PILLAR OF THE 3-PRONGED PANDEMIC PREPAREDNESS AND RESPONSE STRUCTURE OF IPPS.

Activities or mission (Part I)

THE RAPIDLY EMERGING ANTIVIRAL DRUG DEVELOPMENT INITIATIVE (READDI) IS A NONPROFIT BIOTECHNOLOGY ORGANIZATION DEDICATED TO PREVENTING GLOBAL CATASTROPHES CAUSED BY VIRUSES. IT PLAYS A CLEAR, SPECIFIC AND CENTRAL ROLE IN THE WIDELY ACCEPTED THREE-PRONGED PANDEMIC PREPAREDNESS APPROACH INVOLVING DIAGNOSTICS, THERAPEUTICS AND VACCINES. READDI DEVELOPS THERAPEUTICS.

  • - READDI'S STANDING HAS RISEN IN THE GLOBAL PANDEMIC PREPAREDNESS COMMUNITY BY LEADING A NEWLY FORMED THERAPEUTICS DEVELOPMENT COALITION. READDI IS COLLABORATING WITH THE INTERNATIONAL PANDEMIC PREPAREDNESS COALITION, UNITAID, DRUGS FOR NEGLECTED DISEASES (DNDI) AND THE INTREPID ALLIANCE TO COORDINATE AND ACCELERATE THE DISCOVERY AND DEVELOPMENT OF ANTIVIRAL THERAPEUTICS FOR ACUTE AND ENDEMIC VIRAL DISEASES THAT HAVE THE POTENTIAL TO BECOME PANDEMICS.- IN CONJUNCTION WITH THE THERAPEUTICS DEVELOPMENT COALITION, READDI IS FOSTERING RELATIONSHIPS WITH GLOBAL HEALTHCARE LEADERS INTERESTED IN SUPPORTING DEVELOPMENT OF THERAPEUTICS FOR INFECTIOUS DISEASES.- READDI AUTHORED OR CO-AUTHORED SEVERAL PUBLISHED ARTICLES ON THE NECESSITY OF ANTIVIRAL DRUG DEVELOPMENT THAT WERE WELL RECEIVED BY THE GLOBAL COMMUNITY.- READDI'S GLOBAL NETWORK OF COLLABORATORS HAS GROWN FROM APPROXIMATELY 30 INSTITUTIONS TO APPROXIMATELY 65. - READDI'S POTENTIAL PIPELINE OF DRUG HITS, LEADS AND CANDIDATES HAS GROWN TO APPROXIMATELY 30 ACTIVE PROJECTS THAT WE ARE CLOSELY MONITORING FOR IN-LICENSING OPPORTUNITIES.

    Expenses $344,237

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

Listed in Part VII

  • John Bamforth

    BOARD MEMBER

    Total calculated
    $448,540
    From this org
    $0
    From related orgs
    $400,121
    Other
    $48,419
    Hours/week
    0.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $399,281 related
    Bonus
    $0
    Other
    $0 + $840 related
    Deferred
    $0 + $48,419 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $448,540 related
  • Richard Burr

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5
  • J Christopher Clemens

    BOARD MEMBER THRU 6/10/25

    Total calculated
    $604,650
    From this org
    $0
    From related orgs
    $538,746
    Other
    $65,904
    Hours/week
    0.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $497,156 related
    Bonus
    $0
    Other
    $0 + $41,590 related
    Deferred
    $0 + $48,499 related
    Nontaxable benefits
    $0 + $17,405 related
    Filer's total
    $0 + $604,650 related
  • Laurent Fraisse

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.3
  • Andy Johns

    BOARD MEMBER

    Total calculated
    $443,422
    From this org
    $0
    From related orgs
    $338,459
    Other
    $104,963
    Hours/week
    0.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $337,619 related
    Bonus
    $0
    Other
    $0 + $840 related
    Deferred
    $0 + $84,639 related
    Nontaxable benefits
    $0 + $20,324 related
    Filer's total
    $0 + $443,422 related
  • Perrin Jones

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.3
  • Nathan Knuffman

    BOARD MEMBER

    Total calculated
    $568,710
    From this org
    $0
    From related orgs
    $433,022
    Other
    $135,688
    Hours/week
    0.4 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $422,664 related
    Bonus
    $0
    Other
    $0 + $10,358 related
    Deferred
    $0 + $127,003 related
    Nontaxable benefits
    $0 + $8,685 related
    Filer's total
    $0 + $568,710 related
  • Lydia Ogden

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5
  • Tom Shanahan

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.4
  • Barbara Stephenson

    BOARD MEMBER

    Total calculated
    $411,327
    From this org
    $0
    From related orgs
    $330,747
    Other
    $80,580
    Hours/week
    0.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $326,757 related
    Bonus
    $0
    Other
    $0 + $3,990 related
    Deferred
    $0 + $80,484 related
    Nontaxable benefits
    $0 + $96 related
    Filer's total
    $0 + $411,327 related
  • Brad Wilken

    BOARD MEMBER THRU 6/10/25

    Total calculated
    $0
    Hours/week
    0.3
  • James Rosen

    CEO

    Total calculated
    $380,098
    From this org
    $366,650
    From related orgs
    $4,000
    Other
    $9,448
    Hours/week
    40 + 0.5 related

    Schedule J breakdown matched by us

    Base
    $366,650 + $4,000 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $9,448
    Filer's total
    $376,098 + $4,000 related
  • William Fletcher Fairey

    EXECUTIVE VP OF BUSINESS

    Total calculated
    $309,910
    From this org
    $285,352
    From related orgs
    $0
    Other
    $24,558
    Hours/week
    40 + 0.5 related

    Schedule J breakdown matched by us

    Base
    $285,352
    Bonus
    $0
    Other
    $0
    Deferred
    $15,110
    Nontaxable benefits
    $9,448
    Filer's total
    $309,910

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.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
6 March 2026
IRS schema version
2024v5.5
Source object
202630769349300903

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