Overview
What is Research Development Foundation?
Research Development Foundation (RDF) is a nonprofit organization based in Carson City, Nevada, committed to advancing medical and scientific research. Its primary mission is to transfer technology from the lab to public use by obtaining patents and licenses for discoveries made through research conducted or funded by the Clayton Foundation for Research, a medical research organization. RDF's current patent portfolio includes around 200 patent applications and issued patents, which have been licensed to pharmaceutical and startup companies. As a result, fifteen of these discoveries have led to products that have been brought to market and are benefiting society. In addition, RDF supports medical research by granting funds to the Clayton Foundation for Research, as resources allow. The organization has a small workforce of three individuals.
Is Research Development Foundation legitimate?
Research Development Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Research Development Foundation 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: $563,852
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Research Development Foundation?
The Research Development Foundation's mission is centered around advancing medical and scientific research. They achieve this by obtaining patents and licenses for discoveries made through the research conducted or funded by the Clayton Foundation for Research, a medical research organization, and its supporting entities. The Foundation then administers these patents and grants funds to the Clayton Foundation for additional research. Their goal is to transfer these discoveries from the laboratory to public use, ultimately leading to the development of products that benefit humanity. The Foundation's current patent portfolio includes around 200 patent applications and issued patents. Through license agreements with pharmaceutical and startup companies, fifteen of these discoveries have already resulted in marketed products. The Foundation has accumulated significant royalties from its licensing activities over the years.
Who is the CEO of Research Development Foundation?
Robert M Wallace is the Trustee, President of Research Development Foundation.
What is the revenue of Research Development Foundation?
Research Development Foundation's revenue in 2022 was $5,465,008.
Who are the executives of Research Development Foundation and what are their salaries?
The average compensation at Research Development Foundation during 2022 was $187,951. There are 3 employees at Research Development Foundation.
Here are 9 key members and their salaries:
- Compensation: $169,723
- Related: $453,239
- Other: $93,530
- Compensation: $136,524
- Related: $486,438
- Other: $93,530
- Compensation: $70,148
- Related: $552,814
- Other: $93,530
- Compensation: $70,148
- Related: $254,082
- Other: $48,520
- Compensation: $70,148
- Related: $254,082
- Other: $48,520
- Compensation: $47,161
- Related: $189,575
- Other: $84,230
- Compensation: $0
- Related: $198,267
- Other: $78,460
- Compensation: $0
- Related: $106,740
- Other: $38,554
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Research Development Foundation?
Research Development Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Research Development Foundation
Research Development Foundation (RDF) is dedicated to promoting medical and scientific advancements by facilitating the transfer of technology from the laboratory to public use. This is achieved through the acquisition of patents and the issuance of licenses for discoveries made as a result of research undertaken or sponsored by the Clayton Foundation for Research and its supporting organizations. RDF's mission involves administering these patents, aiming to make these discoveries accessible to the public for their benefit.
As a vital part of its mission, RDF has amassed a substantial patent portfolio comprising approximately 200 patent applications and issued patents. These patents cover various discoveries that have emerged from the numerous research projects undertaken by the Clayton Foundation for Research or funded by other supporting entities of Clayton. RDF has then licensed these discoveries to pharmaceutical companies and startups, with fifteen of these discoveries already resulting in marketed products that are benefiting humanity. The foundation's licensing activities have generated substantial royalties over the years.
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Impact
October, 2024
The Research Development Foundation (RDF) has significantly advanced medical and scientific research by effectively transferring technology from the laboratory to public use. With a robust patent portfolio consisting of around 200 patent applications and issued patents, RDF plays a critical role in the commercialization of groundbreaking discoveries made through research funded or sponsored by the Clayton Foundation for Research and its supporting organizations.
By obtaining patents and granting licenses, RDF has facilitated partnerships with pharmaceutical and startup companies. This collaboration has resulted in the successful market introduction of fifteen products that are improving lives globally. Additionally, RDF's licensing activities have generated millions of dollars in royalties, further enabling its mission to support and enhance medical research initiatives.
Through these efforts, RDF not only promotes innovation and scientific advancement but also ensures that valuable research discoveries reach those who need them most, thereby contributing to public health and well-being.
This information is meant to be a general summary of Research Development Foundation. 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 2022.
- Investment Income: -$4,430,576
- Program Service Revenue: $9,895,584
- Gross Receipts: $10,646,348
Assets and Liabilities:
- Total Assets: $53,552,306
- Total Liabilities: $16,001,727
- Net Assets: $37,550,579
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Technology royalty income
Revenue
$9,895,584
Organization Details
Founding Year
1989
Phone
(713) 817-5259Principal Officer
Robert M Wallace
Main Address
402 North Division St, Carson City, NV, 89703
NTEE Category
Code: H90 - Medical research
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