Research Development Foundation

Fiscal year ending 2024. Filed on November 17, 2025.

402 North Division St
Carson City, Nevada 89703

Research Development Foundation (EIN: 88-0234325) has filed an IRS Form 990 since fiscal year 2020. In its fiscal year 2024 IRS Form 990 filing, Research Development Foundation, a 501(c)(3) charitable organization, reported compensation for 8 employees. Among the employees shown here, the average compensation is $561,917. The highest compensated employee at Research Development Foundation is Lynn P Carter with fiscal year 2024 compensation of $785,428.

Revenue, expenses, and employee compensation

Revenue

$6,153,203

Expenses

$15,954,732

Employee compensation

$702,127
Revenue, expenses, and employee compensation over time

Mission Statement

To advance medical and scientific research through the transfer of technology from the laboratory to public use by obtaining patents, granting licenses and administering patents arising out of discoveries pursuant to research conducted or sponsored by certain other charitable organizations. As funds are available, grants are made to Clayton Foundation for Research to support additional research.

Revisions to this organization profile

November 17, 2025:
2024 Research Development Foundation 990 filed
November 14, 2024:
2023 Research Development Foundation 990 filed
November 15, 2023:
2022 Research Development Foundation 990 filed

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