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Developmental Therapeutics 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: Health — General and Rehabilitative / Organ and Tissue Banks (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$125k (2023)

Expenses
$288k (2023)

Total Assets
$217k (2023)

Total Liabilities
$0 (2023)

Source: Form 990 tax filings from 2010 to 2023

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 Dec.
2023

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$125,000
Expenses
$287,529
Net Income
-$162,529
Net Assets
$217,258
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $125,000
100%
Investment Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $217,258
Total Liabilities $0
Net Assets $217,258
Compensation
Key Employees and Officers Compensation Other
Dr Syed Ahmad (Board Member) $36,000 $0
Tal Richards Exit 1123 (Executive Director) $35,000 $0
Dr Jeffery Sussman Exit 1123 (Board Member) $18,000 $0
Dr David Gerber Start 1123 (Board Member) $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$505,000
Expenses
$1,151,026
Net Income
-$646,026
Net Assets
$379,787
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $505,000
100%
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 $78,000
6.8%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $379,787
Total Liabilities $0
Net Assets $379,787
Compensation
Key Employees and Officers Compensation Related Other
Taliesin Richards (Executive Director) $60,000 $83,220 $29,959
Dr Jeffrey Sussman (Board Member) $18,000 $150,000 $54,000
Dr Syed Ahmad (Board Member) $0 $271,366 $97,692

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,520,086
Expenses
$1,683,367
Net Income
-$163,281
Net Assets
$1,025,813
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,520,086
100%
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 $60,000
3.6%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,025,813
Total Liabilities $0
Net Assets $1,025,813
Compensation
Key Employees and Officers Compensation Related Other
Taliesin Richards (Executive Director) $60,000 $85,000 $37,500
Dr Jeffrey Sussman (Board Member) $0 $135,000 $48,500

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,220,000
Expenses
$1,628,491
Net Income
-$408,491
Net Assets
$1,189,094
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,220,000
100%
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 $60,000
3.7%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,189,094
Total Liabilities $0
Net Assets $1,189,094
Compensation
Key Employees and Officers Compensation Related Other
Taliesin Richards (Executive Director) $60,000 $0 $0
Dr Jeffrey Sussman (Board Member) $0 $142,500 $48,500

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,125,000
Expenses
$816,397
Net Income
$308,603
Net Assets
$1,597,585
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,125,000
100%
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 $60,000
7.3%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,597,585
Total Liabilities $0
Net Assets $1,597,585
Compensation
Key Employees and Officers Compensation Related Other
Taliesin Richards (Executive Director) $60,000 $0 $0
Dr Jeffrey Sussman (Board Member) $0 $135,000 $48,500

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,341,000
Expenses
$1,370,183
Net Income
-$29,183
Net Assets
$1,288,982
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,341,000
100%
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 $60,000
4.4%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,288,982
Total Liabilities $0
Net Assets $1,288,982
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Taliesin Richards (Executive Director) $60,000 $75,396 $29,404
Dr Jeffery Sussman (Board Member) $0 $50,000 $19,500
Dr Michael Edwards (Chairman) $0 $75,000 $29,250
Dr Syed Ahmad (Board Member) $0 $50,000 $19,500

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$945,178
Expenses
$681,505
Net Income
$263,673
Net Assets
$1,318,165
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $945,178
100%
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 $60,000
8.8%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,318,165
Total Liabilities $0
Net Assets $1,318,165
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Taliesin Richards (Executive Director) $60,000 $67,997 $20,398
Dr Jeffery Sussman (Board Member) $0 $0 $0
Dr Michael Edwards (Chairman) $0 $75,000 $22,500
Dr Syed Ahmad (Medical Director) $0 $25,472 $7,642

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$840,000
Expenses
$535,002
Net Income
$304,998
Net Assets
$1,054,492
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $840,000
100%
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 $45,000
8.4%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,054,492
Total Liabilities $0
Net Assets $1,054,492
Compensation
Key Employees and Officers Compensation Related Other
Taliesin Richards (Excutive Director) $45,000 $66,664 $15,000
Dr Jeffery Sussman (Board Member Joined 1/15) $0 $50,000 $15,000
Dr Michael Edwards (Chairman) $0 $75,000 $22,500
Dr Richard Kagan (Medical Director Left 1/1) $0 $0 $0
Dr Syed Ahmad (Medical Director Joined 1) $0 $25,472 $7,642

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$345,000
Expenses
$302,640
Net Income
$42,360
Net Assets
$749,494
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $345,000
100%
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 $35,000
11.6%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $749,494
Total Liabilities $0
Net Assets $749,494

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$235,000
Expenses
$247,184
Net Income
-$12,184
Net Assets
$707,134
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $235,000
100%
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 $707,134
Total Liabilities $0
Net Assets $707,134
Compensation
Key Employees and Officers Compensation Related Other
Dr Richard Kagan (Medical Director) $0 $0 $0
Dr Michael Edwards (Chairman) $0 $771,000 $75,000
Taliesin Richards (Executive Director) $0 $170,612 $66,950

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$260,000
Expenses
$255,751
Net Income
$4,249
Net Assets
$719,318
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $260,000
100%
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 $719,318
Total Liabilities $0
Net Assets $719,318
Compensation
Key Employees and Officers Compensation Related Other
Dr Richard Kagan (Medical Director) $0 $0 $0
Dr Michael Edwards (Chairman) $0 $816,100 $29,900
Taliesin Richards (Executive Director) $0 $209,000 $22,000

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$283,179
Expenses
$252,926
Net Income
$30,253
Net Assets
$715,069
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $275,000
97.1%
Investment Income $5,579
2.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $2,600
0.9%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $715,069
Total Liabilities $0
Net Assets $715,069

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$746,703
Expenses
$1,280,714
Net Income
-$534,011
Net Assets
$684,816
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $380,000
50.9%
Investment Income $19,520
2.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $347,183
46.5%
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 $687,242
Total Liabilities $2,426
Net Assets $684,816

Document Links

Fiscal Year Ending Dec.
2010

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$125,655
Expenses
$710,313
Net Income
-$584,658
Net Assets
$1,218,827
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $100,000
79.6%
Investment Income $25,655
20.4%
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 $1,221,253
Total Liabilities $2,426
Net Assets $1,218,827

Document Links

Fiscal Year Ending Dec.
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 Dec.
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 Dec.
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 Dec.
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 Dec.
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 Dec.
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

Fiscal Year Ending Dec.
2003

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 Dec.
2002

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 Dec.
2001

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.

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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 »

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