Developmental Therapeutics INC FY2024 filing

Tax-deductible

Cincinnati, OH501(c)(3)Since 1986Health CareEIN 31-1183763Revenue $350K in FY2024

On file with the IRS231 Albert Sabin Way Ml0558, 45267-0558 · Cincinnati, OHTax-exempt since Nov 1986Supporting organization — 509(a)(3)

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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.
94¢ of each $1 spent went to programs.
$89K 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

FY2024 · 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
94%
of spending
Looks good: 94% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$89K
to officers and key staff · 34% of spending
Concern: pay to officers and key staff is 34% of spending; over 30%.
Pt VII · Sec A
Cash reserves
14 mo
of spending, in cash
Looks good: 14.0 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
0
of 4 voting members
Concern: none of 4 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$350K
+180% vs prior year
Spent
$262K
To programs
94%
Net assets
$305K
By yearFY2020–FY2025
Revenue
$350K
FY2024▲ +180%
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
$262K
FY2024▼ -77%
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
$305K
FY2024▲ +40%
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 FY2024 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2024 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

94 cents of each dollar spent went to programs.

Program services 94% · $247K Management & general 6% · $15K

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

4 people listed on the 990; $89K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$35,000Pt VII · Sec A
Board Member
$18,000Pt VII · Sec A
Board Member
$18,000Pt VII · Sec A
Chair/Board Member
$18,000Pt 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 · $247K · in their own filed words · FY2024
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.

$247Kprogram 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 FY2024 990, line by line.

1The main four
Money inPt VIII
$350K
Ln 12
Fees for servicesLn 2g$350K
Money outPt IX
$262K
Ln 25
Programscol B$247K
Managementcol C$15K
Owns and owesPt X
$305K
net assets · Ln 32
Cash and savingsLn 1–2$305K
Total assetsLn 16$305K
LiabilitiesLn 26$0
PeoplePt VI, VII
4
listed · VII A
PaidVII A4
Voting boardVI 1a4
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$350K
Total revenueLn 12$350K
Assets in detailPt X, end of year
CashLn 1$305K
Cash and savings togetherLn 1–2$305K
Total assetsLn 16$305K
LiabilitiesLn 26$0
Net assetsLn 32$305K
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 FY24End FY24
Cash and savingsLn 1–2$217K$305K
Total assetsLn 16$217K$305K
LiabilitiesLn 26$0$0
Net assetsLn 32$217K$305K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$89K$89K
Other fees for servicesLn 11g$100K$100K
Office expensesLn 13$18K$17K$1K
InsuranceLn 23$38K$26K$12K
Other expenses (24a–d)Ln 24$17K$16K$1K
Total functional expensesLn 25$262K$247K$15K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $251K$264K−$13K$293K 990 PDF
FY2024 Viewing $350K$262K$88K$305K 990 PDF
FY2023 $125K$217K 990 PDF
FY2022 $505K$1.2M−$646K$380K 990 PDF
FY2021 $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 I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $350,000 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $125,000$350,000
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $125,000$350,000
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $89,000$89,000
I-16a Professional fundraising feesPrior year $25,712$0
I-17 Other expensesPrior year $172,817$173,056
I-18 Total expensesPrior year $287,529$262,056
I-19 Revenue less expensesPrior year −$162,529$87,944
Part VI · Governance 0 of 4 board members independent, no flags
VI-1a Voting members of the governing body4
VI-1b Independent voting members0
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 $350,000 across 2 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $350,000$350,000
VIII-12 Total revenueRelated to mission $350,000 · Unrelated business $0 · Excluded from tax $0$350,000
Part IX · Statement of functional expenses $262,056 across 5 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $89,000$89,000
IX-11g Other fees for servicesPrograms $99,732$99,732
IX-13 Office expensesPrograms $16,609 · Management $1,125$17,734
IX-23 InsurancePrograms $26,065 · Management $12,265$38,330
IX-24 Other expenses (24a–d)Programs $16,076 · Management $1,184$17,260
IX-25 Total functional expensesPrograms $247,482 · Management $14,574 · Fundraising $0$262,056
Part X · Balance sheet $305,202 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $217,258$305,202
X-16 Total assetsStart of year $217,258$305,202
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $217,258$305,202
X-32 Total net assets or fund balancesStart of year $217,258$305,202
X-33 Total liabilities and net assetsStart of year $217,258$305,202
Part XI · Reconciliation of net assets $305,202 net assets at year end
XI-1 Total revenue$350,000
XI-2 Total expenses$262,056
XI-3 Revenue less expenses$87,944
XI-4 Net assets at start of year$217,258
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$305,202

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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