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Nonprofiteer
← READDI INC

Form 990 for tax year 2022

Filed by READDI INC.

Totals

Total revenue
$800,515
Total expenses
$140,909
Contributions and grants received
$791,809
Grants paid
$0
Program service revenue
$0
Investment income
$8,706
Other revenue
$0
Total assets, end of year
$667,606
Total liabilities, end of year
$8,000
Net assets or fund balances, end of year
$659,606
Program services expenses (Part IX)
$49,317
Management and general expenses
$21,136
Fundraising expenses
$70,456
Program service expenses (Part III)
$49,317

Program services were 35.0% 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

    $791,809

  • 1g · Noncash contributions included above

    $66,809

  • 3 · Investment income

    total $8,706 · excluded $8,706

Functional expenses

Part IX, the statement of functional expenses.

  • 11g · Fees: other

    total $90,476 · program services $31,666 · management and general $13,571 · fundraising $45,239

  • 13 · Office expenses

    total $25,000 · program services $8,750 · management and general $3,750 · fundraising $12,500

  • 17 · Travel

    total $21,583 · program services $7,554 · management and general $3,237 · fundraising $10,792

  • 19 · Conferences, conventions and meetings

    total $3,850 · program services $1,347 · management and general $578 · fundraising $1,925

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $667,606

  • 17 · Accounts payable and accrued expenses

    beginning of year $0 · end of year $8,000

  • 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 $0 · end of year $659,606

Mission and programs · 2022

Mission

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.

  • - ESTABLISHED WORKING RELATIONSHIPS WITH INTERNATIONAL PANDEMIC PREPAREDNESS SECRETARIAT TO DESIGN DRUG DISCOVERY AND DEVELOPMENT PILLAR OF THE 100 DAYS MISSION THERAPEUTICS ROADMAP- EXECUTED THERAPEUTICS DATABASE PROJECT TO ILLUSTRATE GLOBAL ANTIVIRAL LANDSCAPE FIRST OF ITS KIND IN THE INDUSTRY- LAUNCHED COMPREHENSIVE READDI.ORG WEBSITE

    Expenses $49,317

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • John Bamforth

    BOARD MEMBER

    Total calculated
    $372,356
    From this org
    $0
    From related orgs
    $330,174
    Other
    $42,182
    Hours/week
    0.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $328,584 related
    Bonus
    $0 + $750 related
    Other
    $0 + $840 related
    Deferred
    $0 + $42,182 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $372,356 related

  • Richard Burr

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • J Christopher Clemens

    BOARD MEMBER

    Total calculated
    $493,352
    From this org
    $0
    From related orgs
    $436,370
    Other
    $56,982
    Hours/week
    0.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $425,652 related
    Bonus
    $0
    Other
    $0 + $10,718 related
    Deferred
    $0 + $42,182 related
    Nontaxable benefits
    $0 + $14,800 related
    Filer's total
    $0 + $493,352 related

  • Laurent Fraisse

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.3

  • Andy Johns

    BOARD MEMBER

    Total calculated
    $426,811
    From this org
    $0
    From related orgs
    $332,304
    Other
    $94,507
    Hours/week
    0.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $315,339 related
    Bonus
    $0 + $16,125 related
    Other
    $0 + $840 related
    Deferred
    $0 + $74,725 related
    Nontaxable benefits
    $0 + $19,782 related
    Filer's total
    $0 + $426,811 related

  • Perrin Jones

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.3

  • Nathan Knuffman

    BOARD MEMBER

    Total calculated
    $490,273
    From this org
    $0
    From related orgs
    $407,264
    Other
    $83,009
    Hours/week
    0.4 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $396,944 related
    Bonus
    $0
    Other
    $0 + $10,320 related
    Deferred
    $0 + $74,725 related
    Nontaxable benefits
    $0 + $8,284 related
    Filer's total
    $0 + $490,273 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
    $400,424
    From this org
    $0
    From related orgs
    $325,603
    Other
    $74,821
    Hours/week
    0.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $306,827 related
    Bonus
    $0 + $15,020 related
    Other
    $0 + $3,756 related
    Deferred
    $0 + $74,725 related
    Nontaxable benefits
    $0 + $96 related
    Filer's total
    $0 + $400,424 related

  • Brad Wilken

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.3

  • James Rosen

    CEO

    Total calculated
    $138,750
    From this org
    $0
    From related orgs
    $115,053
    Other
    $23,697
    Hours/week
    40 + 0.5 related

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
2022
Filed
30 May 2024
IRS schema version
2022v5.0
Source object
202431559349300618

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