Civic Intelligence

Developmental Therapeutics Inc.

990 • Fiscal year 2019 • EIN 31-1183763

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 16, 2020

231 Albert Sabin Way No ML0558Cincinnati, OH 45267-0558

(513) 558-8997

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

15th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

15th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

82nd percentile

27%

Higher net margin than 82% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

88th percentile

$183,500

Higher top officer pay than 88% of similar nonprofits.

Top officer pay equals 16.3% of source-year revenue.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

83rd percentile

24%

Faster asset growth than 83% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

17th percentile

-16%

Faster revenue growth than 17% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Up

$1,597,585

Up $308,603 (+24%) from 2018

Net Assets

Up

$1,597,585

Up $308,603 (+24%) from 2018

Liabilities

Flat

$0

Flat from 2018

Revenue

Down

$1,125,000

Down $216,000 (-16%) from 2018

Expenses

Down

$816,397

Down $553,786 (-40%) from 2018

Net Income

Up

$308,603

Up $337,786 (+1157%) from 2018

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$2.0M$1.5M$1.0M$500K$0Assets 2012: $715,069Liabilities 2012: $0Net Assets 2012: $715,0692012Assets 2013: $719,318Liabilities 2013: $0Net Assets 2013: $719,3182013Assets 2014: $707,134Liabilities 2014: $0Net Assets 2014: $707,1342014Assets 2016: $1,054,492Liabilities 2016: $0Net Assets 2016: $1,054,4922016Assets 2017: $1,318,165Liabilities 2017: $0Net Assets 2017: $1,318,1652017Assets 2018: $1,288,982Liabilities 2018: $0Net Assets 2018: $1,288,9822018Assets 2019: $1,597,585Liabilities 2019: $0Net Assets 2019: $1,597,5852019Assets 2021: $1,025,813Liabilities 2021: $0Net Assets 2021: $1,025,8132021Assets 2022: $379,787Liabilities 2022: $0Net Assets 2022: $379,7872022Assets 2024: $305,202Liabilities 2024: $0Net Assets 2024: $305,2022024

Highlighted filing

2019

Assets$1,597,585
Liabilities$0
Net Assets$1,597,585

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$2.0M$1.0M$0-$1.0MExpenses 2012: $252,9262012Revenue 2013: $260,000Expenses 2013: $255,751Net Income 2013: $4,2492013Revenue 2014: $235,000Expenses 2014: $247,184Net Income 2014: -$12,1842014Revenue 2016: $840,000Expenses 2016: $535,002Net Income 2016: $304,9982016Revenue 2017: $945,178Expenses 2017: $681,505Net Income 2017: $263,6732017Revenue 2018: $1,341,000Expenses 2018: $1,370,183Net Income 2018: -$29,1832018Revenue 2019: $1,125,000Expenses 2019: $816,397Net Income 2019: $308,6032019Revenue 2021: $1,520,086Expenses 2021: $1,683,367Net Income 2021: -$163,2812021Revenue 2022: $505,000Expenses 2022: $1,151,026Net Income 2022: -$646,0262022Revenue 2024: $350,000Expenses 2024: $262,056Net Income 2024: $87,9442024

Highlighted filing

2019

Revenue$1,125,000
Expenses$816,397
Net Income$308,603
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 16, 2020
Return Version
2019v5.1
Gross Receipts
$1,125,000
Mission and Program Overview

Mission

Improves lives throughout the world by providing the highest quality products that are possible from the precious gift of one human to another. We 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.

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 operations Policies and procedures are in place to ensure regulatory compliance.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$1,288,982$1,597,585▲ $308,603
Land, Buildings, and Equipment, Net$0$0→ $0
Total Assets$1,288,982$1,597,585▲ $308,603
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,288,982$1,597,585▲ $308,603
Total Net Assets Fund Balance$1,288,982$1,597,585▲ $308,603
Total Liabilities and Net Assets / Fund Balance$1,288,982$1,597,585▲ $308,603

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$0$66,656$66,656
Compensation and Service Providers

Employees

NameTitleBaseTotal
Taliesin RichardsExecutive Director$60,000$60,000

Board Members and Trustees

NameTitle
Dr Jeffrey SussmanBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,125,000
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$308,603
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$400,000
Other Expenses$356,397
Salaries, Compensation, and Employee Benefits$60,000
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$400,000--$400,000
Fees for Services Other$98,596$12,694-$111,290
Current Officers, Directors, Trustees, and Key Employees-$60,000-$60,000
Fees for Services Accounting$40,312$18,969-$59,281
Fees for Services Legal$26,358$12,405-$38,763
Insurance$16,242$7,644-$23,886
Office Expenses$12,989$1,876-$14,865
Travel$3,587--$3,587
Other Expenses$167$79-$246
Total Functional Expenses$702,730$113,667$0$816,397
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
University of CincinnatiCincinnati, OH501(c)(3)Resident support and pancreatic research$400,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, line 6

The Chair of the Department of Surgery is the Sole member.

Form 990, Part VI, Section A, line 7A

The Chair of the Department of Surgery may appoint board members.

Form 990, Part VI, Section A, line 8B

There are no committees with authority to act on behalf of the governing body.

Form 990, Part VI, Section B, line 11B

The 990 was reviewed by management and provided to the Board of Directors before filing.

Form 990, Part VI, Section B, line 12C

The Board of Directors and top management annually sign a conflict of interest policy.

Form 990, Part VI, Section B, line 15

There are no paid employees, and The Executive Director is Contracted

Form 990, Part VI, Section C, line 19

The governing documents are available on the Ohio Secretary of State's website. The financial statements and conflict of interest policy are available upon request.

Filing and Contact Details

Filer

Filer Name
Developmental Therapeutics Inc
EIN
31-1183763
Phone
5135588997
Address
231 Albert Sabin Way No ML0558, Cincinnati, OH 45267-0558

Signing Officer

Name
J Taliesin Richards
Title
Executive Director
Phone
5135588997
Signed
2020-11-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
J Taliesin Richards
Formed
1986
Legal Domicile
Oh
Voting Board Members
1
Independent Board Members
1
Employees
0
Volunteers
0

Preparer

Firm
Barnes Dennig & Co LTD
Address
150 East Fourth Street, Cincinnati, OH 45202
Preparer
Paula Hume
Phone
5132418313
Supplemental Narrative

Additional Explanations

Form 990, Part IX, line 11G

Medical Service Providers: Program service expenses 98,596. Management and general expenses 12,694. Fundraising expenses 0. Total expenses 111,290.

Form 990, Part XI, Line 1

The organization uses the modified cash method of accounting.

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IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0Several grants were made to support pancreas research at University of Cincinnati. We gifted the money to the UC Foundation and are confident of the Universities policies and management.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Chair of the Department of Surgery is the Sole member.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Chair of the Department of Surgery may appoint board members.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2There are no committees with authority to act on behalf of the governing body.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The 990 was reviewed by management and provided to the Board of Directors before filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The Board of Directors and top management annually sign a conflict of interest policy.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5There are no paid employees, and The Executive Director is Contracted
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6The governing documents are available on the Ohio Secretary of State's website. The financial statements and conflict of interest policy are available upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Medical Service Providers: Program service expenses 98,596. Management and general expenses 12,694. Fundraising expenses 0. Total expenses 111,290.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8The organization uses the modified cash method of accounting.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section A, line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section B, line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part IX, line 11g
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990, Part XI, Line 1
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd01
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0University of Cincinnati
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0University of Cincinnati
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1UC Physicians Inc
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0311000989
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1311246809
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(c)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt1501(c)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0OH
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1OH
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0Education
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1Procurement & Surgery
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0Line 2
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt1Line 12a, I
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt02600 Clifton Avenue
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt1222 Piedmont Ave
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0Cincinnati
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm1Cincinnati
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0OH
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd1OH
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd045221
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd145219
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0400000
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0University of Cincinnati
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0B
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0OH
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01288982
IRS990/TotalAssetsEOYAmt01597585
IRS990/TotalAssetsGrp/BOYAmt01288982
IRS990/TotalAssetsGrp/EOYAmt01597585
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0113667
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0702730
IRS990/TotalFunctionalExpensesGrp/TotalAmt0816397
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01288982
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01597585
IRS990/TotalOtherCompensationAmt048500
IRS990/TotalProgramServiceExpensesAmt0702730
IRS990/TotalProgramServiceRevenueAmt01125000
IRS990/TotalReportableCompFromOrgAmt060000
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01125000
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01125000
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01288982
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01597585
IRS990/TotReportableCompRltdOrgAmt0135000
IRS990/TravelGrp/ProgramServicesAmt03587
IRS990/TravelGrp/TotalAmt03587
IRS990/TrnsfrExmptNonChrtblRltdOrgInd01
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0231 Albert Sabin Way No ML0558
IRS990/USAddress/CityNm0Cincinnati
IRS990/USAddress/StateAbbreviationCd0OH
IRS990/USAddress/ZIPCd0452670558
IRS990/VotingMembersGoverningBodyCnt01
IRS990/VotingMembersIndependentCnt01
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02021-01-29 14:40:06Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0J Taliesin Richards
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Executive Director
ReturnHeader/BusinessOfficerGrp/PhoneNum05135588997
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-11-16
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Developmental Therapeutics Inc
ReturnHeader/Filer/BusinessNameControlTxt0DEVE
ReturnHeader/Filer/EIN0311183763
ReturnHeader/Filer/PhoneNum05135588997
ReturnHeader/Filer/USAddress/AddressLine1Txt0231 Albert Sabin Way No ML0558
ReturnHeader/Filer/USAddress/CityNm0Cincinnati
ReturnHeader/Filer/USAddress/StateAbbreviationCd0OH
ReturnHeader/Filer/USAddress/ZIPCd0452670558
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0DA39A3EE5E6B4B0D3255BFEF95601890AFD80709
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0A2EC889BB8D6A2024E5FB2BEAEEA8A9D8C0F2872
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0216.196.129.6
ReturnHeader/FilingSecurityInformation/IPDt02020-11-16
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ES
ReturnHeader/FilingSecurityInformation/IPTm007:04:43
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0311119890
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Barnes Dennig & Co LTD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0150 East Fourth Street

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