Empire Discovery Institute Inc

“As institutional partners, the university at buffalo, the university of rochester, and roswell park comprehensive cancer institute may elect one or more members of the governing body.”

“The form 990 is prepared by an outside, independent accounting firm. A draft of the form 990 is provided to the institute before filing. The ceo and coo review and approve the form 990 before filing.”

“The conflict of interest policy requires all interested persons to sign a statement confirming they received a copy of the conflict of interest policy, read and understand the policy and agree to comply. All interested persons are required to sign this statement annually. Additionally, periodic reveiws of compliance with the policy are conducted.”

“The organization's form 1023 and form 990 are available upon request. The form 990 is also available on guidestar.org.”

“The organization will make the documents available for inspection at an office of the organization upon request.”

“The institute's consolidated financial statements include emprime therapeutics, inc. (emprime), which is a c-corporation formed during the year ended december 31, 2022. Emprime has 1,000,000 shares authorized, in which 900,000 of those shares are issued and outstanding. The institute was issued 479,700 shares as of december 31, 2022 (53.3%) and had recorded a subscription payable in the amount of $772,100 at december 31, 2022 which was eliminated in consolidation. During 2023, a sponsored research agreement between emprime therapeutics, llc (a related entity) and the university of rochester was executed on april 4, 2023 in the amount of $773,000. The filing organization made payments on behalf of emprime to the university of rochester in the amounts of $386,500 in may and $77,300 in october of 2024. These payment were treated as a capital contributions to emprime, reducing the subscription payable to $308,300.”

“Ronald newbold (ceo), adam tulgan (former coo), and molly mesko (director of portfolio development and alliance management) are paid through and issued w-2s by the university of rochester, an institutional partner. The filing organization reimburses the university of rochester for the compensation through an administrative fee.”

“Contracted services: program service expenses 2,719,641. Management and general expenses 0. Fundraising expenses 0. Total expenses 2,719,641. Project contract services: program service expenses 41,724. Management and general expenses 0. Fundraising expenses 0. Total expenses 41,724. Consultants: program service expenses 1,006,894. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,006,894.”

“An independent accountant is chosen by the organization and they also oversee the audit process. This process has not changed from prior years.”