Nonprofit · EIN 82-3993697
EMPIRE DISCOVERY INSTITUTE INC
Tax-exempt · ROCHESTER, NY 14642
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $13,220,638 | $5,109,298 | $8,111,340 | $12,767,624 | $1,109,288 | $11,658,336 |
| December 31, 2023 | 990 | $234,954 | $5,427,655 | -$5,192,701 | $4,196,828 | $1,075,557 | $3,121,271 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $11,306,622
- of which government grants
- $11,306,622
- Program service revenue
- $1,690,265
- Investment income
- $223,751
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $753,265
- Salaries, compensation and benefits (total)
- $919,764
- Professional fundraising fees
- $0
- Legal fees
- $208,044
- Accounting fees
- $59,959
- Occupancy
- $9,302
- Travel
- $14,347
- Program services (functional)
- $3,775,048
- Management and general (functional)
- $1,334,250
Balance sheet and other
- Total assets, start of year
- $4,196,828
- Total assets, end of year
- $12,767,624
- Total liabilities, end of year
- $1,109,288
- Net assets, end of year
- $11,658,336
- Net assets without donor restrictions
- $2,878,827
- Net assets with donor restrictions
- $8,779,509
- Gross receipts
- $13,220,638
- Employees
- 0
- Volunteers
- 12
- Year formed
- 2017
- State of legal domicile
- NY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| RONALD C NEWBOLD | CEO Officer | 40 | $383,940 | $23,000 |
| ADAM TULGAN | COO (TO 10/31/25) Officer | 40 | $203,589 | $23,000 |
| MOLLY MESKO | DIR OF PORTFOLIO DEVEL & ADMINISTRATION Highest-paid employee | 40 | $151,784 | $3,900 |
| DR RENIER BRENTJENS | BOARD MEMBER/CHAIR OF DEPT OF MEDICINE Trustee or director | 0.25 | $0 | $0 |
| DR VENU GOVINDARAJU | BOARD MEMBER Trustee or director | 0.25 | $0 | $0 |
| DR CANDACE JOHNSON | BOARD MEMBER Trustee or director | 0.25 | $0 | $0 |
| DR THOMAS SCHWAAB | BOARD MEMBER (TO 3/1/24) Trustee or director | 0.25 | $0 | $0 |
| PETER ROBINSON | BOARD MEMBER, CHAIR Trustee or director, Officer | 0.25 | $0 | $0 |
| STEPHEN MCCLUSKI | BOARD MEMBER Trustee or director | 0.25 | $0 | $0 |
| ROBERT FRAASS | BOARD MEMBER Trustee or director | 0.25 | $0 | $0 |
| MARK KERCHER | BOARD MEMBER Trustee or director | 0.25 | $0 | $0 |
| GARY POLLACK | BOARD MEMBER Trustee or director | 0.25 | $0 | $0 |
| STEPHEN DEWHURST | BOARD MEMBER Trustee or director | 0.25 | $0 | $0 |
| THOMAS QUINN NON-VOTING | BOARD TREASURER Officer | 0.25 | $0 | $0 |
| JEFFREY DUNBAR NON-VOTING | BOARD SECRETARY Officer | 0.25 | $0 | $0 |
1 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PATRICK EMMERLING NON VOTING | ASST BOARD SECRETARY Officer | 0.25 | $0 |
990 for the year ended December 31, 2023: 17 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| RONALD C NEWBOLD | INTERIM CEO Officer | 40 | $375,530 | $68,346 |
| ADAM TULGAN | COO Officer | 40 | $217,133 | $60,772 |
| MOLLY MESKO | DIR OF PORTFOLIO DEVEL & A Highest-paid employee | 40 | $144,179 | $43,236 |
| DR SATISH TRIPATHI | BOARD MEMBER, CHAIR (TO 1/31/23) Trustee or director, Officer | 0.25 | $0 | $0 |
| DR VENU GOVINDARAJU | BOARD MEMBER Trustee or director | 0.25 | $0 | $0 |
| DR CANDACE JOHNSON | BOARD MEMBER Trustee or director | 0.25 | $0 | $0 |
| DR THOMAS SCHWAAB | BOARD MEMBER (TO 3/1/24) Trustee or director | 0.25 | $0 | $0 |
| DR MARK TAUBMAN | BOARD MEMBER (TO 11/18/23) Trustee or director | 0.25 | $0 | $0 |
| PETER ROBINSON | BOARD MEMBER Trustee or director | 0.25 | $0 | $0 |
| STEPHEN MCCLUSKI | BOARD MEMBER Trustee or director | 0.25 | $0 | $0 |
| ROBERT FRAASS | BOARD MEMBER Trustee or director | 0.25 | $0 | $0 |
| MARK KERCHER | BOARD MEMBER Trustee or director | 0.25 | $0 | $0 |
| GARY POLLACK | BOARD MEMBER Trustee or director | 0.25 | $0 | $0 |
| STEPHEN DEWHURST | BOARD MEMBER Trustee or director | 0.25 | $0 | $0 |
| THOMAS QUINN NON-VOTING | BOARD TREASURER Officer | 0.25 | $0 | $0 |
| JEFFREY DUNBAR NON-VOTING | BOARD SECRETARY Officer | 0.25 | $0 | $0 |
| PATRICK EMMERLING NON VOTING | ASST BOARD SECRETARY Officer | 0.25 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 601 ELMWOOD AVENUE BOX EDI, ROCHESTER, NY 14642-0001
- In care of
- % PETER ROBINSON
- Mailing address (990-N for 2018)
- 601 Elmwood Avenue, Rochester NY 14642
- Principal officer (990 for 2024)
- RONALD C NEWBOLD, 601 ELMWOOD AVENUE BOX EDI, ROCHESTER, NY 14642
- Principal officer (990-N for 2018)
- Thomas Quinn, 325 Independence Drive, Orchard Park NY 14127
- Signed the 990
- RONALD C NEWBOLD, CEO
- Phone
- (585) 276-3150
- Website
- www.discoverEDI.org
- Return prepared by
- WITHUM SMITH & BROWN PC
Mission
THE PURPOSE OF THE INSTITUTE IS TO ENGAGE IN CHARITABLE AND SCIENTIFIC ACTIVITIES FOR THE BENEFIT OF THE ACADEMIC, MEDICAL AND RESEARCH INSTITUTIONS AND PUBLIC BENEFIT CORPORATIONS AFFILIATED WITH AND CONTROLLING THE INSTITUTE. TO FOSTER AN EDUCATIONAL ECOSYSTEM IN UPSTATE NEW YORK FOR TRAINING THE NEXT GENERATION OF SCIENTISTS AND BUSINESS LEADERS, AND SUPPORT UPSTATE NEW YORK'S REGIONAL ECONOMY AND TO ACCRUE LIFE SCIENCES ECONOMIC DEVELOPMENT BENEFITS TO UPSTATE NEW YORK THROUGH THE CREATION OF A RESEARCH AND BUSINESS INITIATIVE FOCUSED ON ACC.
Program accomplishments
- IDENTIFY MEDICALLY IMPORTANT PATHWAYS AND TARGETS RELATED TO HUMAN DISEASE THAT WILL SERVE AS THE BASIS FOR THE DISCOVERY AND DEVELOPMENT OF NOVEL, HIGHLY DIFFERENTIATED THERAPEUTICS TO ADDRESS CRITICAL, UNMET NEEDS FOR PATIENTS.Expenses $3,775,048 · revenue $1,690,265
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 82-3993697
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2018
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Environment (C60)
- Assets (IRS master file)
- $12,767,624
- Income (IRS master file)
- $13,220,638
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $13,220,638 | $5,109,298 | $12,767,624 | IRS |
| 990 | December 2023 | $234,954 | $5,427,655 | $4,196,828 | XML |
| 990 | December 2022 | $8,288,192 | $2,938,157 | $7,804,754 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-N for 2018 Officer: Thomas Quinn | December 31, 2018 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 82-3993697).
Questions about EMPIRE DISCOVERY INSTITUTE INC
- What is the EIN of EMPIRE DISCOVERY INSTITUTE INC?
- The employer identification number (EIN) of EMPIRE DISCOVERY INSTITUTE INC is 82-3993697.
- Is EMPIRE DISCOVERY INSTITUTE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2018.
- Are donations to EMPIRE DISCOVERY INSTITUTE INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does EMPIRE DISCOVERY INSTITUTE INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of EMPIRE DISCOVERY INSTITUTE INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did EMPIRE DISCOVERY INSTITUTE INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of EMPIRE DISCOVERY INSTITUTE INC?
- The 990 for the year ended December 31, 2024 names RONALD C NEWBOLD.
- Who are the officers and directors of EMPIRE DISCOVERY INSTITUTE INC?
- The 990 for the year ended December 31, 2024 lists 16 people; 3 received compensation from the organization, the highest $383,940 (RONALD C NEWBOLD, CEO).
- How much revenue does EMPIRE DISCOVERY INSTITUTE INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $13,220,638, expenses of $5,109,298 and total assets of $12,767,624 at year end.
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