- Revenue 2024
- $623,604
- Expenses 2024
- $1,125,752
Program services were 30.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
As filed
- Subsection
- 03
- NTEE code
- H05
- Classification
- 2800
- Street
- 13106 BELKNAP PL
These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).
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.
Officers and directors · 2024
As listed in Part VII of the 2024 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.
-
John BamforthJOHN 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 BurrRICHARD BURR
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
J Christopher ClemensJ 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 FraisseLAURENT FRAISSE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.3
-
Andy JohnsANDY 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 JonesPERRIN JONES
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.3
-
Nathan KnuffmanNATHAN 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 OgdenLYDIA OGDEN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Tom ShanahanTOM SHANAHAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.4
-
Barbara StephensonBARBARA 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 WilkenBRAD WILKEN
BOARD MEMBER THRU 6/10/25
- Total calculated
- $0
- Hours/week
- 0.3
-
James RosenJAMES 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 FaireyWILLIAM 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. Earlier years are each on their own filing page.
Filings
-
2024
- Revenue
- $623,604
- Expenses
- $1,125,752
- Contributions
- $559,168
- Grants paid
- $0
-
2023
- Revenue
- $1,468,046
- Expenses
- $553,289
- Contributions
- $1,396,063
- Grants paid
- $0
-
2022
- Revenue
- $800,515
- Expenses
- $140,909
- Contributions
- $791,809
- Grants paid
- $0
The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.
Form 990-N e-Postcard, tax year 2021
- Tax period
- 1 July 2021 to 30 June 2022
- Principal officer
-
Jimmy Rosen
- Mailing address
- 301 Pharmacy Lane Suite 210Chapel Hill NC 27516
As filed, from the IRS e-Postcard file of 9 November 2026. The IRS publishes only each organization's most recent postcard, so earlier years are not shown. A 990-N carries no financial detail. The postcard also gives the principal officer's address, which is not shown here.
Grants made
No itemized grants to organizations. Schedule I is filed only by organizations that granted more than $5,000 to a recipient, so most filers have none.
Grants received
-
2024 CHALLENGE WINNER
Related organizations
From Schedule R Part II, where a filer lists the tax-exempt organizations it is related to by control. It does not record shared board members or money.
Declared on its 2024 return
-
501(C)(3) · HIGHER EDUCATION AND RESEARCH · NC
Declared as related by
-
UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL FOUNDATION INC
On its 2024 return
Other IRS files
Auto-Revocation List
Not listed. The IRS publishes this list for organizations whose exemption was automatically revoked for failing to file for three consecutive years.
Publication 78
Listed as of 11 November 2026, under deductibility PC.
These are two separate IRS files on two separate schedules, shown as published and not reconciled with each other. Neither is a statement about whether a contribution is deductible today: 19,245 organizations appear in Publication 78 while the IRS's own revocation file lists them as currently revoked, more than half of those revoked before 2019. Absence from Publication 78 is evidence of nothing, and presence is not evidence either. Verify current status with the IRS before relying on it.
What this page reflects
The registration facts above come from the IRS Business Master File published 9 November 2026 and read 9 November 2026, for every organization at once. Returns through tax year 2024, the newest we have parsed for this organization.