Research Development Foundation

Carson City, NV
Tax-exempt since April 1988
EIN: 88-0234325

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Type of Nonprofit

Designated as a 501(c)(3) 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.

Donations to this organization are tax deductible.

Details

According to its Dec. 2023 tax filing, this nonprofit:

Provided first-class or charter travel

Organization provided first-class or charter travel to key employees or officers. Details are reported on Schedule J.

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.

Revenue

$4.8M (2023)

Expenses

$16.8M (2023)

Total Assets

$47.7M (2023)

Total Liabilities

$19.8M (2023)

Source: Form 990 tax filings from 2011 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

Revenue

$4,800,082

Expenses

$16,802,510

Net Income

-$12,002,428

Net Assets

$27,917,181

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$2,516,111	52.4%
Investment Income	$1,343,599	28.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$940,372	19.6%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$675,566	4.0%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$47,741,944
Total Liabilities	$19,824,763
Net Assets	$27,917,181

Provided first-class or charter travel

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Robert M Wallace (Trustee, President)	$180,754	$482,702	$97,800
Jarred W Sloan (Trustee, Vice President, Treasurer)	$145,897	$518,059	$97,800
Joan S Dunlap (Trustee,Vp,Assistant Secretary)	$103,872	$396,214	$88,019
Brian W Crozier (Trustee, Chairman)	$74,907	$270,599	$50,086
Lynn P Carter (Trustee)	$74,707	$588,749	$97,800
Thomas J Brorby Deceased (Trustee, Chairman)	$62,084	$224,878	$16,600
Robert L Evans Jr (Vp, Assistant Treasurer)	$0	$210,000	$81,846
John Russell Beekman (Vice President)	$0	$113,678	$39,925
Christopher Mac Kenzie (Vice President, Secretary)	$0	$0	$0

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990

Filed on Nov. 14, 2024

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2022

Revenue

$5,465,008

Expenses

$12,137,887

Net Income

-$6,672,879

Net Assets

$37,550,579

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$9,895,584	> 100%
Investment Income	$750,764	13.7%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	-$5,181,340
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$563,852	4.6%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$53,552,306
Total Liabilities	$16,001,727
Net Assets	$37,550,579

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Robert M Wallace (Trustee, President)	$169,723	$453,239	$93,530
Jarred W Sloan (Trustee, Vice President, Treasurer)	$136,524	$486,438	$93,530
Lynn P Carter (Trustee)	$70,148	$552,814	$93,530
Thomas J Brorby (Trustee, Chairman)	$70,148	$254,082	$48,520
Brian W Crozier (Trustee)	$70,148	$254,082	$48,520
Joan S Dunlap (Vice President, Assistant Secretary)	$47,161	$189,575	$84,230
Robert L Evans Jr (Assistant Treasurer)	$0	$198,267	$78,460
John Russell Beekman (Vice President)	$0	$106,740	$38,554
Christopher Mac Kenzie (Vice President, Secretary)	$0	$0	$0

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990

Filed on Nov. 15, 2023

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2021

Revenue

$15,306,815

Expenses

$11,210,876

Net Income

$4,095,939

Net Assets

$42,167,735

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$14,786,133	96.6%
Investment Income	$518,575	3.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$2,107	0.0%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$526,966	4.7%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$46,239,131
Total Liabilities	$4,071,396
Net Assets	$42,167,735

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Robert M Wallace (Trustee, President)	$158,620	$423,589	$90,799
Jarred W Sloan (Trustee, Vice President, Treasurer)	$127,593	$454,616	$90,799
Lynn P Carter (Trustee)	$65,559	$516,650	$90,799
Thomas J Brorby (Trustee, Chairman)	$65,559	$237,461	$48,921
Brian W Crozier (Trustee)	$65,559	$237,461	$48,921
Joan S Dunlap (Vice President, Assistant Secretary)	$44,076	$177,173	$82,108
Robert L Evans Jr (Assistant Treasurer)	$0	$194,400	$78,081
John Russell Beekman (Vice President)	$0	$103,631	$36,877
Christopher Mac Kenzie (Vice President, Secretary)	$0	$0	$0

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990

Filed on Nov. 14, 2022

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2020

Revenue

$11,874,968

Expenses

$12,772,992

Net Income

-$898,024

Net Assets

$34,824,547

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$11,364,027	95.7%
Investment Income	$486,966	4.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$23,975	0.2%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$549,159	4.3%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$35,707,827
Total Liabilities	$883,280
Net Assets	$34,824,547

Provided first-class or charter travel

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Robert M Wallace (Trustee, President)	$156,431	$417,739	$86,256
Jarred W Sloan (Trustee, Vice President, Treasurer)	$125,833	$448,337	$86,256
Lynn P Carter (Trustee)	$64,655	$509,515	$86,256
Thomas J Brorby (Trustee, Chairman)	$64,655	$234,181	$44,552
Brian W Crozier (Trustee)	$64,655	$234,181	$44,552
Joan S Dunlap (Vice President, Assistant Secretary)	$43,467	$174,727	$77,829
Robert L Evans Jr (Assistant Treasurer)	$0	$176,000	$71,500
John Russell Beekman (Vice President)	$0	$102,200	$36,441
Christopher Mac Kenzie (Vice President, Secretary)	$0	$0	$0

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990

Filed on Nov. 15, 2021

Primary tax return for a nonprofit’s activities, finances, and governance

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Schedules ▼

XML

Fiscal Year Ending Dec.
2019

Revenue

$13,721,364

Expenses

$11,082,847

Net Income

$2,638,517

Net Assets

$34,914,967

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$13,000,947	94.7%
Investment Income	$522,235	3.8%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$198,182	1.4%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$536,822	4.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$37,065,405
Total Liabilities	$2,150,438
Net Assets	$34,914,967

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2018

Revenue

$9,655,031

Expenses

$10,626,293

Net Income

-$971,262

Net Assets

$29,295,051

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$8,820,074	91.4%
Investment Income	$496,773	5.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$338,184	3.5%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$526,815	5.0%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$29,666,953
Total Liabilities	$371,902
Net Assets	$29,295,051

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2017

Revenue

$20,700,994

Expenses

$15,295,608

Net Income

$5,405,386

Net Assets

$32,517,580

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$8,852,871	42.8%
Investment Income	$3,589,311	17.3%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$8,258,812	39.9%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$515,972	3.4%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$33,653,341
Total Liabilities	$1,135,761
Net Assets	$32,517,580

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2016

Revenue

$7,494,154

Expenses

$4,901,169

Net Income

$2,592,985

Net Assets

$26,373,573

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$7,372,853	98.4%
Investment Income	$469,986	6.3%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	-$348,685
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$478,532	9.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$26,911,751
Total Liabilities	$538,178
Net Assets	$26,373,573

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2015

Revenue

$7,748,989

Expenses

$4,840,753

Net Income

$2,908,236

Net Assets

$21,949,077

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$7,172,576	92.6%
Investment Income	$318,210	4.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$258,203	3.3%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$356,460	7.4%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$22,902,366
Total Liabilities	$953,289
Net Assets	$21,949,077

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2014

Revenue

$6,900,288

Expenses

$4,445,216

Net Income

$2,455,072

Net Assets

$19,864,185

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$775,000	11.2%
Program Services	$5,613,527	81.4%
Investment Income	$295,371	4.3%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$216,390	3.1%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$353,624	8.0%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$20,474,997
Total Liabilities	$610,812
Net Assets	$19,864,185

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2013

Revenue

$5,641,502

Expenses

$4,737,330

Net Income

$904,172

Net Assets

$17,510,269

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$3,555,000	63.0%
Program Services	$2,477,569	43.9%
Investment Income	$174,177	3.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	-$565,244
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$348,386	7.4%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$18,213,958
Total Liabilities	$703,689
Net Assets	$17,510,269

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2012

Revenue

$5,010,644

Expenses

$5,164,621

Net Income

-$153,977

Net Assets

$14,272,053

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$3,775,000	75.3%
Program Services	$1,056,622	21.1%
Investment Income	$175,111	3.5%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$3,911	0.1%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$379,970	7.4%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$14,839,446
Total Liabilities	$567,393
Net Assets	$14,272,053

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$5,608,810

Expenses

$4,947,228

Net Income

$661,582

Net Assets

$13,583,565

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$4,450,000	79.3%
Program Services	$1,008,497	18.0%
Investment Income	$145,463	2.6%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$4,850	0.1%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$368,900	7.5%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$14,179,597
Total Liabilities	$596,032
Net Assets	$13,583,565

990

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

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.

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Updated March 27, 2025

Research Development Foundation

Organization summary

Type of Nonprofit

Details

Summary charts: organization finances over time

Revenue $4.8M (2023)

Expenses $16.8M (2023)

Total Assets $47.7M (2023)

Total Liabilities $19.8M (2023)

Tax Filings by Year

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

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990

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

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990

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

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990

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990

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990

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990

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990

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990

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990

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990

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990

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990

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990

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990

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990

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2012

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2011

Extracted Financial Data

Revenue

$4.8M (2023)

Expenses

$16.8M (2023)

Total Assets

$47.7M (2023)

Total Liabilities

$19.8M (2023)

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

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2020

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2019

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2018

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2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
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2001