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Institute For Therapeutic Discovery Inc

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Medical Research / Medical Specialty Research (NTEE)

Donations to this organization are tax deductible.

Details

According to its June 2021 tax filing, this nonprofit:

Reported conflict of interest transactions
Organizations must report loans, grants or business transactions with interested parties, which may include key employees and officers, their family members and any businesses in which they hold a controlling interest. These transactions must be reported on Schedule L.

Summary charts: organization finances over time

Revenue
$43.4k (2021)

Expenses
$46.2k (2021)

Total Assets
$51k (2021)

Total Liabilities
$23.5k (2021)

Source: Form 990 tax filings from 2012 to 2021

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending June
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$43,374
Expenses
$46,189
Net Income
-$2,815
Net Assets
$27,531
Notable Sources of Revenue Percent of Total Revenue
Contributions $36,149
83.3%
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $7,225
16.7%
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $51,040
Total Liabilities $23,509
Net Assets $27,531
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Dr Kara Fitzgerald (Director) $0 $0 $0
Dr Lloyd Saberski (Director) $0 $0 $0
Dr Betty Sadaniantz (Director) $0 $0 $0
Dr John Mc Michael (Chief Exec Officer) $0 $0 $0

Document Links

Fiscal Year Ending June
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$81,391
Expenses
$48,831
Net Income
$32,560
Net Assets
$30,346
Notable Sources of Revenue Percent of Total Revenue
Contributions $65,564
80.6%
Program Services $15,827
19.4%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $52,916
Total Liabilities $22,570
Net Assets $30,346

Document Links

Fiscal Year Ending June
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$143,192
Expenses
$65,646
Net Income
$77,546
Net Assets
-$2,214
Notable Sources of Revenue Percent of Total Revenue
Contributions $52,592
36.7%
Program Services $14,508
10.1%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $76,092
53.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $451
Total Liabilities $2,665
Net Assets -$2,214

Document Links

Fiscal Year Ending June
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$240,823
Expenses
$204,450
Net Income
$36,373
Net Assets
-$77,565
Notable Sources of Revenue Percent of Total Revenue
Contributions $220,588
91.6%
Program Services $20,235
8.4%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,989
Total Liabilities $79,554
Net Assets -$77,565
Compensation
Key Employees and Officers Compensation Related Other
John Mcmichael (Chair) $0 $0 $0
James Drane (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$153,043
Expenses
$114,879
Net Income
$38,164
Net Assets
-$113,937
Notable Sources of Revenue Percent of Total Revenue
Contributions $130,035
85.0%
Program Services $23,008
15.0%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $82
Total Liabilities $114,019
Net Assets -$113,937
Compensation
Key Employees and Officers Compensation Related Other
John Mcmichael (Chair) $0 $0 $0
James Drane (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2016

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$27,467
Expenses
$31,221
Net Income
-$3,754
Net Assets
-$152,104
Notable Sources of Revenue Percent of Total Revenue
Contributions $9,447
34.4%
Program Services $18,020
65.6%
Investment Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $471
Total Liabilities $152,575
Net Assets -$152,104
Compensation
Key Employees and Officers Compensation Other
John Mcmichael (Chair) $0 $0
Kennath A Smith (Executive Di) $0 $0
James Drane (Director) $0 $0
David Vincent (Director) $0 $0

Document Links

Fiscal Year Ending June
2015

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$42,811
Expenses
$32,861
Net Income
$9,950
Net Assets
-$148,350
Notable Sources of Revenue Percent of Total Revenue
Contributions $24,270
56.7%
Program Services $18,541
43.3%
Investment Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $12,305
Total Liabilities $160,655
Net Assets -$148,350
Compensation
Key Employees and Officers Compensation Other
John Mcmichael (Chair) $0 $0
Kennath A Smith (Executive Di) $0 $0
James Drane (Director) $0 $0
David Vincent (Director) $0 $0

Document Links

Fiscal Year Ending June
2014

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$33,182
Expenses
$32,598
Net Income
$584
Net Assets
-$158,300
Notable Sources of Revenue Percent of Total Revenue
Contributions $6,545
19.7%
Program Services $26,637
80.3%
Investment Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $2,355
Total Liabilities $160,655
Net Assets -$158,300
Compensation
Key Employees and Officers Compensation Other
John Mcmichael (Chair) $0 $0
Kennath A Smith (Executive Di) $0 $0
James Drane (Director) $0 $0
David Vincent (Director) $0 $0

Document Links

Fiscal Year Ending June
2013

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$25,217
Expenses
$28,112
Net Income
-$2,895
Net Assets
-$158,784
Notable Sources of Revenue Percent of Total Revenue
Contributions $5,133
20.4%
Program Services $20,084
79.6%
Investment Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $1,871
Total Liabilities $160,655
Net Assets -$158,784

Document Links

Fiscal Year Ending June
2012

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$32,796
Expenses
$30,990
Net Income
$1,806
Net Assets
-$155,888
Notable Sources of Revenue Percent of Total Revenue
Contributions $10,563
32.2%
Program Services $22,233
67.8%
Investment Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $4,767
Total Liabilities $160,655
Net Assets -$155,888

Document Links

Fiscal Year Ending June
2011

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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