Overview
What is The Institute For Therapeutic Discovery Inc?
The Institute for Therapeutic Discovery Inc. is a nonprofit organization situated in Providence, Rhode Island. Their primary focus lies in supporting the advancement of products or companies with promising solutions for long-term, chronic traumatic brain injuries. They achieve this by making mission-related investments, either in the form of shares, royalties, or similar interests, rather than solely relying on grants. This financial support aids in completing the necessary research for obtaining an IND from the FDA for human clinical trials and completing the initial trial. The organization's mission is to help physicians treat diseases by restoring natural cellular function in chronic central nervous system disorders, such as brain injuries. They have also established the Institute for Chronic Traumatic Brain Injury, LLC as a disregarded entity for tax purposes, allowing donors to specifically target contributions towards this condition.
Official website here: www.tiftd.org
Is The Institute For Therapeutic Discovery Inc legitimate?
The Institute For Therapeutic Discovery Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Institute For Therapeutic Discovery Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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Official website here: www.tiftd.org
What is the mission statement of The Institute For Therapeutic Discovery Inc?
The Institute for Therapeutic Discovery Inc's mission is centered around conducting early-stage research, particularly in the field of chronic central nervous system disorders. Their goal is to assist physicians in treating diseases by restoring natural cellular functions. To focus on chronic traumatic brain injury specifically, they have established the Institute for Chronic Traumatic Brain Injury, LLC, a tax-disregarded entity. The organization supports product developers or companies with promising treatments for chronic traumatic brain injury, providing financial assistance through Mission Related Investments in the form of shares, royalties, or similar interests. This support is crucial for these projects to complete the necessary research to obtain an Investigational New Drug (IND) from the FDA for human clinical trials and to conduct their first trial.
Official website here: www.tiftd.org
Who is the CEO of The Institute For Therapeutic Discovery Inc?
John Mcmichael is the Principal Officer of The Institute For Therapeutic Discovery Inc. The CEO's salary of The Institute For Therapeutic Discovery Inc is $0 and their total compensation is $0.
Official website here: www.tiftd.org
What is the revenue of The Institute For Therapeutic Discovery Inc?
The Institute For Therapeutic Discovery Inc's revenue in 2021 was $43,374.
Official website here: www.tiftd.org
Who are the executives of The Institute For Therapeutic Discovery Inc and what are their salaries?
Here are 4 key members and their salaries (The Institute For Therapeutic Discovery Inc's CEO's salary is $0 and their total compensation is $0):
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Official website here: www.tiftd.org
Where can I find the form 990 for The Institute For Therapeutic Discovery Inc?
The Institute For Therapeutic Discovery Inc's most recent form 990 was submitted in 2021 and can be accessed here.
Official website here: www.tiftd.org
Learn more at the official website: www.tiftd.org
Mission Statement of The Institute For Therapeutic Discovery Inc
The Institute for Therapeutic Discovery Inc is dedicated to bridging biophysics and biochemistry to help medical professionals treat diseases by restoring natural function at the cellular level. Their primary focus is on chronic central nervous system disorders. Recognizing the significance of chronic traumatic brain injury, the organization established the Institute for Chronic Traumatic Brain Injury, LLC, a disregarded entity for tax purposes. This division allows donors to specifically target contributions towards this condition. The Institute for Therapeutic Discovery Inc aims to support product developers or companies with innovative solutions for long-term, chronic traumatic brain injury by funding the research necessary to secure an Investigational New Drug (IND) approval from the Food and Drug Administration (FDA) to conduct human clinical trials and complete their initial trial. They achieve this through Mission Related Investments, which can take the form of shares, royalties, or similar interests, rather than solely providing grants. While these investments are not classified as grants, it is essential to recognize that the Institute for Therapeutic Discovery Inc made an investment of $50,000 in 2020 to support this program.
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Impact
August, 2024
The Institute For Therapeutic Discovery Inc's impact lies in its dedication to fostering discovery and early-stage research that bridges biophysics and biochemistry to aid physicians in treating diseases by restoring natural function at the cellular level. Specifically focused on chronic CNS disorders, the organization supports product developers and companies with promising products for long-term traumatic brain injury to conduct necessary research for FDA approval and human clinical trials. Through Mission Related Investments, such as purchasing shares or royalty interests, the institute provides financial support to advance innovative projects in this critical field. With a mission to make a tangible difference in medical research, The Institute For Therapeutic Discovery Inc plays a vital role in advancing treatments for chronic conditions, particularly traumatic brain injury.
This information is meant to be a general summary of The Institute For Therapeutic Discovery Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2021.
- Gross Receipts: $43,374
Assets and Liabilities:
- Total Assets: $51,040
- Total Liabilities: $23,509
- Net Assets: $27,531
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Organization Details
Founding Year
2003
Phone
(518) 479-6700Principal Officer
John Mcmichael
Main Address
1 Virginia Avenue Room 103, Providence, RI, 02905
Website
www.tiftd.orgNTEE Category
Code: H90 - Medical research
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