Civic Intelligence

Readdi Inc

EIN 88-3812342 • 501(c)3 • Durham, NC

990-N CoverageNTEE H05

Profile

The rapidly emerging antiviral drug development initiative (readdi) is a nonprofit biotechnology organization dedicated to preventing global catastrophes caused by viruses and a leader in the therapeutics pillar of the 3-pronged pandemic preparedness and response structure of ipps.

PO Box 110087Durham, NC 27709

readdi.org

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Down

$1,321,299

Down $347,272 (-21%) from 2024

Liabilities

Up

$249,084

Up $154,876 (+164%) from 2024

Net Assets

Down

$1,072,215

Down $502,148 (-32%) from 2024

Operations

Revenue

Down

$623,604

Down $844,442 (-58%) from 2024

Expenses

Up

$1,125,752

Up $572,463 (+103%) from 2024

Net Income

Down

-$502,148

Down $1,416,905 (-155%) from 2024

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$2.0M$1.5M$1.0M$500K$0Assets 2023: $667,606Liabilities 2023: $8,000Net Assets 2023: $659,6062023Assets 2024: $1,668,571Liabilities 2024: $94,208Net Assets 2024: $1,574,3632024Assets 2025: $1,321,299Liabilities 2025: $249,084Net Assets 2025: $1,072,2152025

Highlighted filing

2025

Assets$1,321,299
Liabilities$249,084
Net Assets$1,072,215

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.5M$1.0M$500K$0-$500K-$1.0MRevenue 2023: $800,515Expenses 2023: $140,909Net Income 2023: $659,6062023Revenue 2024: $1,468,046Expenses 2024: $553,289Net Income 2024: $914,7572024Revenue 2025: $623,604Expenses 2025: $1,125,752Net Income 2025: -$502,1482025

Highlighted filing

2025

Revenue$623,604
Expenses$1,125,752
Net Income-$502,148

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Mar 6, 2026
Return Version
2024v5.5
Gross Receipts
$623,604
Mission and Program Overview

Mission

The rapidly emerging antiviral drug development initiative (readdi) is a nonprofit biotechnology organization dedicated to preventing global catastrophes caused by viruses and a leader in the therapeutics pillar of the 3-pronged pandemic preparedness and response structure of ipps.

The rapidly emerging antiviral drug development initiative (readdi) is a nonprofit biotechnology organization dedicated to preventing global catastrophes caused by viruses. It plays a clear, specific and central role in the widely accepted three-pronged pandemic preparedness approach involving diagnostics, therapeutics and vaccines. Readdi develops therapeutics.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$1,657,566$1,294,120▼ $363,446
Rtn Earn Endowment Incm Other Fnds$1,574,363$1,072,215▼ $502,148
Cash and Non-Interest-Bearing Accounts$11,005$21,495▲ $10,490
Prepaid Expenses and Deferred Charges-$5,684-
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$1,668,571$1,321,299▼ $347,272
Liabilities
Accounts Payable and Accrued Expenses$94,208$249,084▲ $154,876
Total Liabilities$94,208$249,084▲ $154,876
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,574,363$1,072,215▼ $502,148
Total Liabilities and Net Assets / Fund Balance$1,668,571$1,321,299▼ $347,272
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
James RosenCEOFT$366,650$9,448$376,098
William Fletcher FaireyExecutive VP of BusinessFT$285,352$24,558$309,910

Board Members and Trustees

NameTitle
Andy JohnsBoard Member
Barbara StephensonBoard Member
John BamforthBoard Member
Laurent FraisseBoard Member
Lydia OgdenBoard Member
Nathan KnuffmanBoard Member
Perrin JonesBoard Member
Richard BurrBoard Member
Tom ShanahanBoard Member
Brad WilkenBoard Member Thru 6/10/25
J Christopher ClemensBoard Member Thru 6/10/25
Revenue and Support

Revenue Composition

Contributions and Grants
$559,168
Program Service Revenue
$0
Investment Income
$42,761
Other Revenue
$21,675
All Other Contributions
$500,000
Change in Net Assets
$-502,148

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table4$59,168Cost
Total Noncash Contributions4$59,168-

Audited Revenue Reconciliation

Revenue per Audited Statements
$623,604
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$147,345
Total Revenue per Audited Statements
$770,949
Total Revenue per Form 990
$623,604
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,125,752
Total Fundraising Expense$491,767
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$316,831$135,784$452,615$905,230
Fees for Services Accounting-$74,670-$74,670
Travel$22,323$9,567$31,890$63,780
Occupancy-$28,187-$28,187
Fees for Services Legal-$21,210-$21,210
Other Expenses-$18,151-$18,151
Information Technology$4,955$2,124$7,079$14,158
Office Expenses$128$55$183$366
Total Functional Expenses$344,237$289,748$491,767$1,125,752

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,273,097
Expenses per Audited Statements$1,125,752
Total Expenses per Form 990$1,125,752
Expenses Not Reported on Form 990$147,345
Expenses Not Reported on Financial Statements$0
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
Audit committee
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

University of north carolina chapel hill is the sole member

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

The university of north carolina chapel hill, the sole member of the organization, appoints board members

Form 990, Part VI, Section A, Line 7B

The university of north carolina chapel hill, as the sole member of the organization, reserves the right to make certain governance decisions of the organization.

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

No committee has the authority to act on behalf of the governing board.

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

The form 990 is reviewed by the organization's ceo and accountant prior to filing.

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

At each board meeting, board members are required to disclose any conflicts of interest that have arisen since the previous board meeting.

Form 990, Part VI, Section C, Line 19

UPON REQUEST.

Filing and Contact Details

Filer

Filer Name
Readdi Inc
EIN
88-3812342
Phone
9193578326
Address
PO BOX 110087, DURHAM, NC 27709

Signing Officer

Name
Lydia Ogden
Title
Chairman of the Board
Phone
9193578326
Signed
2026-03-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lydia Ogden
Formed
2020
Legal Domicile
Nc
Voting Board Members
9
Independent Board Members
5
Employees
0
Volunteers
6

Preparer

Firm
Blackman & Sloop Advisors Inc
Address
1414 RALEIGH ROAD SUITE 300, CHAPEL HILL, NC 27517
Preparer
Robert Lewis
Phone
9199428700
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Contract services: program service expenses 316,831. Management and general expenses 135,784. Fundraising expenses 452,615. Total expenses 905,230.

Form 990 Part XII, Line 2C

The organization has an audit committee that is responsible for the selection of the independent auditors and oversight of the process.

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IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0553289
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01468046
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-502148
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RelatedOrganizationsAmt059168
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IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt01574363
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt01072215
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01657566
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0791809
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IRS990/ScheduleBRequiredInd01
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IRS990ScheduleD/DonatedServicesUseFcltsAmt0147345
IRS990ScheduleD/ExpensesNotReportedAmt0147345
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01125752
IRS990ScheduleD/RevenueNotReportedAmt0147345
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0623604
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt01125752
IRS990ScheduleD/TotalRevenuePerForm990Amt0623604
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0770949
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01273097
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
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IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount60
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt40
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt50
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt60
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt30
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt50
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt615110
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt048499
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt248419
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt384639
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt30
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt18685
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt20
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt496
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt50
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt60
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00

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