Nonprofit · EIN 88-3812342
READDI INC
Tax-exempt · BRADENTON, FL 34211
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $623,604 | $1,125,752 | -$502,148 | $1,321,299 | $249,084 | $1,072,215 |
| June 30, 2024 | 990 | $1,468,046 | $553,289 | $914,757 | $1,668,571 | $94,208 | $1,574,363 |
| June 30, 2023 | 990 | $800,515 | $140,909 | $659,606 | $667,606 | $8,000 | $659,606 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $559,168
- Program service revenue
- $0
- Investment income
- $42,761
- Other revenue
- $21,675
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $21,210
- Accounting fees
- $74,670
- Occupancy
- $28,187
- Travel
- $63,780
- Program services (functional)
- $344,237
- Management and general (functional)
- $289,748
- Fundraising (functional)
- $491,767
Balance sheet and other
- Total assets, start of year
- $1,668,571
- Total assets, end of year
- $1,321,299
- Total liabilities, end of year
- $249,084
- Net assets, end of year
- $1,072,215
- Gross receipts
- $623,604
- Employees
- 0
- Volunteers
- 6
- Year formed
- 2020
- State of legal domicile
- NC
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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| J CHRISTOPHER CLEMENS | BOARD MEMBER THRU 6/10/25 Trustee or director | 0.5 | $0 | $538,746 | $65,904 |
| NATHAN KNUFFMAN | BOARD MEMBER Trustee or director | 0.4 | $0 | $433,022 | $135,688 |
| JOHN BAMFORTH | BOARD MEMBER Trustee or director | 0.5 | $0 | $400,121 | $48,419 |
| ANDY JOHNS | BOARD MEMBER Trustee or director | 0.5 | $0 | $338,459 | $104,963 |
| BARBARA STEPHENSON | BOARD MEMBER Trustee or director | 0.5 | $0 | $330,747 | $80,580 |
| JAMES ROSEN | CEO Officer | 40 | $366,650 | $4,000 | $9,448 |
| WILLIAM FLETCHER FAIREY | EXECUTIVE VP OF BUSINESS Officer | 40 | $285,352 | $0 | $24,558 |
| RICHARD BURR | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
| LAURENT FRAISSE | BOARD MEMBER Trustee or director | 0.3 | $0 | $0 | $0 |
| PERRIN JONES | BOARD MEMBER Trustee or director | 0.3 | $0 | $0 | $0 |
| LYDIA OGDEN | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
| TOM SHANAHAN | BOARD MEMBER Trustee or director | 0.4 | $0 | $0 | $0 |
| BRAD WILKEN | BOARD MEMBER THRU 6/10/25 Trustee or director | 0.3 | $0 | $0 | $0 |
990 for the year ended June 30, 2024: 13 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| J CHRISTOPHER CLEMENS | BOARD MEMBER Trustee or director | 0.5 | $0 | $499,995 | $60,023 |
| NATHAN KNUFFMAN | BOARD MEMBER Trustee or director | 0.4 | $0 | $418,894 | $88,678 |
| ANDY JOHNS | BOARD MEMBER Trustee or director | 0.5 | $0 | $326,790 | $100,903 |
| JOHN BAMFORTH | BOARD MEMBER Trustee or director | 0.5 | $0 | $381,069 | $45,773 |
| JAMES ROSEN | CEO Officer | 40 | $266,174 | $115,824 | $20,621 |
| BARBARA STEPHENSON | BOARD MEMBER Trustee or director | 0.5 | $0 | $319,533 | $78,634 |
| WILLIAM FLETCHER FAIREY | EXECUTIVE VP OF BUSINESS Officer | 40 | $100,928 | $0 | $0 |
| RICHARD BURR | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
| LAURENT FRAISSE | BOARD MEMBER Trustee or director | 0.3 | $0 | $0 | $0 |
| PERRIN JONES | BOARD MEMBER Trustee or director | 0.3 | $0 | $0 | $0 |
| LYDIA OGDEN | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
| TOM SHANAHAN | BOARD MEMBER Trustee or director | 0.4 | $0 | $0 | $0 |
| BRAD WILKEN | BOARD MEMBER Trustee or director | 0.3 | $0 | $0 | $0 |
990 for the year ended June 30, 2023: 12 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| J CHRISTOPHER CLEMENS | BOARD MEMBER Trustee or director | 0.5 | $0 | $436,370 | $56,982 |
| NATHAN KNUFFMAN | BOARD MEMBER Trustee or director | 0.4 | $0 | $407,264 | $83,009 |
| ANDY JOHNS | BOARD MEMBER Trustee or director | 0.5 | $0 | $332,304 | $94,507 |
| BARBARA STEPHENSON | BOARD MEMBER Trustee or director | 0.5 | $0 | $325,603 | $74,821 |
| JOHN BAMFORTH | BOARD MEMBER Trustee or director | 0.5 | $0 | $330,174 | $42,182 |
| JAMES ROSEN | CEO Officer | 40 | $0 | $115,053 | $23,697 |
| RICHARD BURR | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
| LAURENT FRAISSE | BOARD MEMBER Trustee or director | 0.3 | $0 | $0 | $0 |
| PERRIN JONES | BOARD MEMBER Trustee or director | 0.3 | $0 | $0 | $0 |
| LYDIA OGDEN | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
| TOM SHANAHAN | BOARD MEMBER Trustee or director | 0.4 | $0 | $0 | $0 |
| BRAD WILKEN | BOARD MEMBER Trustee or director | 0.3 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 13106 BELKNAP PL, BRADENTON, FL 34211-4014
- Mailing address (990-N for 2021)
- 301 Pharmacy Lane Suite 210, Chapel Hill NC 27516
- Principal officer (990 for 2024)
- LYDIA OGDEN, PO BOX 110087, DURHAM, NC 27709
- Principal officer (990-N for 2021)
- Jimmy Rosen, 301 Pharmacy Lane Suite 210, Chapel Hill NC 27516
- Signed the 990
- LYDIA OGDEN, CHAIRMAN OF THE BOARD
- Phone
- (919) 357-8326
- Website
- HTTPS://READDI.ORG/
- Return prepared by
- BLACKMAN & SLOOP ADVISORS INC
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.
Program accomplishments
- - READDI'S STANDING HAS RISEN IN THE GLOBAL PANDEMIC PREPAREDNESS COMMUNITY BY LEADING A NEWLY FORMED THERAPEUTICS DEVELOPMENT COALITION. READDI IS COLLABORATING WITH THE INTERNATIONAL PANDEMIC PREPAREDNESS COALITION, UNITAID, DRUGS FOR NEGLECTED DISEASES (DNDI) AND THE INTREPID ALLIANCE TO COORDINATE AND ACCELERATE THE DISCOVERY AND DEVELOPMENT OF ANTIVIRAL THERAPEUTICS FOR ACUTE AND ENDEMIC VIRAL DISEASES THAT HAVE THE POTENTIAL TO BECOME PANDEMICS.- IN CONJUNCTION WITH THE THERAPEUTICS DEVELOPMENT COALITION, READDI IS FOSTERING RELATIONSHIPS WITH GLOBAL HEALTHCARE LEADERS INTERESTED IN SUPPORTING DEVELOPMENT OF THERAPEUTICS FOR INFECTIOUS DISEASES.- READDI AUTHORED OR CO-AUTHORED SEVERAL PUBLISHED ARTICLES ON THE NECESSITY OF ANTIVIRAL DRUG DEVELOPMENT THAT WERE WELL RECEIVED BY THE GLOBAL COMMUNITY.- READDI'S GLOBAL NETWORK OF COLLABORATORS HAS GROWN FROM APPROXIMATELY 30 INSTITUTIONS TO APPROXIMATELY 65. - READDI'S POTENTIAL PIPELINE OF DRUG HITS, LEADS AND CANDIDATES HAS GROWN TO APPROXIMATELY 30 ACTIVE PROJECTS THAT WE ARE CLOSELY MONITORING FOR IN-LICENSING OPPORTUNITIES.Expenses $344,237
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 88-3812342
- 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
- 2023
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Medical research (H05)
- Assets (IRS master file)
- $1,321,299
- Income (IRS master file)
- $623,604
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $623,604 | $1,125,752 | $1,321,299 | XML |
| 990 | June 2024 | $1,468,046 | $553,289 | $1,668,571 | XML |
| 990 | June 2023 | $800,515 | $140,909 | $667,606 | XML |
| 990-N for 2021 Officer: Jimmy Rosen | June 30, 2022 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.
Questions about READDI INC
- What is the EIN of READDI INC?
- The employer identification number (EIN) of READDI INC is 88-3812342.
- Is READDI INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2023.
- Are donations to READDI INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does READDI 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 READDI INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did READDI INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of READDI INC?
- The 990 for the year ended June 30, 2025 names LYDIA OGDEN.
- Who are the officers and directors of READDI INC?
- The 990 for the year ended June 30, 2025 lists 13 people; 2 received compensation from the organization.
- How much revenue does READDI INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $623,604, expenses of $1,125,752 and total assets of $1,321,299 at year end.
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