Improves lives throughout the world by providing the highest quality products that are possible to improve the health and lives of others. We perform pancreatic islet cell isolation procedures. In doing so, we maintain the highest standards in performing clinical cell processing.

501(c)(3) charity; gifts are tax-deductible.
90¢ of each $1 spent went to programs.
$60K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 5
filings with a surplus
Average deficit $228K a year · 30% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
90%
of spending
Looks good: 90% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$60K
to officers and key staff · 4% of spending
Looks good: pay to officers and key staff is 4% of spending; 15% or less.
Pt VII · Sec A
7 mo
of spending, in cash
Looks good: 7.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
1
of 1 voting members
Looks good: 1 of 1 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.5M
+25% vs prior year
Spent
$1.7M
To programs
90%
Net assets
$1.0M
By yearFY2020–FY2025
Revenue
$1.5M
FY2021▲ +25%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.2M
FY2021$1.5M
FY2022$505K
FY2023$125K
FY2024$350K
FY2025$251K
Expenses
$1.7M
FY2021▲ +3%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.6M
FY2021$1.7M
FY2022$1.2M
FY2023Not on file
FY2024$262K
FY2025$264K
Net assets
$1.0M
FY2021▼ -14%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.2M
FY2021$1.0M
FY2022$380K
FY2023$217K
FY2024$305K
FY2025$293K

From the FY2021 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Nov 1986.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

90 cents of each dollar spent went to programs.

Program services 90% · $1.5M Management & general 10% · $167K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

2 people listed on the 990; $60K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$60,000Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Taliesin Richards’s $35K as Executive Director is at the 22nd percentile of top reported officer pay among 1979 $100K–1M health care nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 6 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Taliesin Richards$35,000$35,000—$60,000$60,000$60,000
Dr Syed Ahmad$4,500$18,000$36,000———
Tal Richards - Exit 1123——$35,000———
Dr David Gerber$4,500$18,000————
Dr Jeffrey Sussman$4,500$18,000—$18,000——
Dr Jeffery Sussman - Exit 1123——$18,000———

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Isolates pancreatic islet cells to improve health and lives globally.

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Provided by the organization

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1 program · $1.5M · in their own filed words · FY2021
01

Perform pancreatic islet cell isolation procedures. In doing so, we maintain the highest standards in performing clinical cell processing operations working within the Cell Therapy Division's operating policies and procedures that are in place to ensure regulatory compliance.

$1.5Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 3 grants · $2.9M · 2020–2022
University of CincinnatiFY2022$700,000
University of CincinnatiFY2021$1,100,000
University of CincinnatiFY2020$1,100,000

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$1.5M
Ln 12
Fees for servicesLn 2g$1.5M
Money outPt IX
$1.7M
Ln 25
Programscol B$1.5M
Managementcol C$167K
Owns and owesPt X
$1.0M
net assets · Ln 32
Cash and savingsLn 1–2$1.0M
Total assetsLn 16$1.0M
LiabilitiesLn 26$0
PeoplePt VI, VII
2
listed · VII A
PaidVII A1
Voting boardVI 1a1
IndependentVI 1b1
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$1.5M
Total revenueLn 12$1.5M
Assets in detailPt X, end of year
CashLn 1$1.0M
Cash and savings togetherLn 1–2$1.0M
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$1.0M
LiabilitiesLn 26$0
Net assetsLn 32$1.0M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$1.2M$1.0M
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$1.2M$1.0M
LiabilitiesLn 26$0$0
Net assetsLn 32$1.2M$1.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$1.1M$1.1M
Pay of current officers, directors and key staffLn 5$60K$60K
Legal feesLn 11b$95K$64K$30K
Accounting feesLn 11c$145K$98K$46K
Other fees for servicesLn 11g$114K$101K$13K
Office expensesLn 13$32K$24K$7K
InsuranceLn 23$24K$16K$8K
Other expenses (24a–d)Ln 24$115K$112K$2K
Total functional expensesLn 25$1.7M$1.5M$167K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $251K$264K−$13K$293K 990 PDF
FY2024 $350K$262K$88K$305K 990 PDF
FY2023 $125K$217K 990 PDF
FY2022 $505K$1.2M−$646K$380K 990 PDF
FY2021 Viewing $1.5M$1.7M−$163K$1.0M 990 PDF
FY2020 $1.2M$1.6M−$408K$1.2M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $1,520,086 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $1,220,000$1,520,086
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $1,220,000$1,520,086
I-13 Grants and similar amounts paidPrior year $1,100,000$1,100,000
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $60,000$60,000
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $468,491$523,367
I-18 Total expensesPrior year $1,628,491$1,683,367
I-19 Revenue less expensesPrior year −$408,491−$163,281
Part VI · Governance 1 of 1 board members independent, no flags
VI-1a Voting members of the governing body1
VI-1b Independent voting members1
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,520,086 across 2 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,520,086$1,520,086
VIII-12 Total revenueRelated to mission $1,520,086 · Unrelated business $0 · Excluded from tax $0$1,520,086
Part IX · Statement of functional expenses $1,683,367 across 8 lines filed
IX-1 Grants to domestic organizationsPrograms $1,100,000$1,100,000
IX-5 Pay of current officers, directors and key staffManagement $60,000$60,000
IX-11b Legal feesPrograms $64,389 · Management $30,301$94,690
IX-11c Accounting feesPrograms $98,471 · Management $46,339$144,810
IX-11g Other fees for servicesPrograms $100,942 · Management $12,996$113,938
IX-13 Office expensesPrograms $24,393 · Management $7,242$31,635
IX-23 InsurancePrograms $16,049 · Management $7,552$23,601
IX-24 Other expenses (24a–d)Programs $112,220 · Management $2,473$114,693
IX-25 Total functional expensesPrograms $1,516,464 · Management $166,903 · Fundraising $0$1,683,367
Part X · Balance sheet $1,025,813 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $1,189,094$1,025,813
X-10c Land, buildings and equipment, netStart of year $0$0
X-16 Total assetsStart of year $1,189,094$1,025,813
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $1,189,094$1,025,813
X-32 Total net assets or fund balancesStart of year $1,189,094$1,025,813
X-33 Total liabilities and net assetsStart of year $1,189,094$1,025,813
Part XI · Reconciliation of net assets $1,025,813 net assets at year end
XI-1 Total revenue$1,520,086
XI-2 Total expenses$1,683,367
XI-3 Revenue less expenses−$163,281
XI-4 Net assets at start of year$1,189,094
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,025,813

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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