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Organizations Research Development Foundation

Research Development Foundation

Fiscal year ending 2022. Filed on November 15, 2023.

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 2022 IRS Form 990 filing, Research Development Foundation, a 501(c)(3) charitable organization, reported compensation for 9 employees. Among the employees shown here, the average compensation is $454,745. The highest compensated employee at Research Development Foundation is Robert M Wallace with fiscal year 2022 compensation of $716,492.

Revenue, expenses, and employee compensation

Revenue

$5,465,008

Expenses

$12,137,887

Employee compensation

$684,217
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Robert M Wallace
President and Trustee
$716,492
$169,723 $453,239 $93,530
Jarred W Sloan
Trustee, Vice President Treasurer
$716,492
$136,524 $486,438 $93,530
Lynn P Carter
Trustee
$716,492
$70,148 $552,814 $93,530
Thomas J Brorby
Trustee Chair
$372,750
$70,148 $254,082 $48,520
Brian W Crozier
Trustee
$372,750
$70,148 $254,082 $48,520
Joan S Dunlap
Vice President and Assistant Secretary
$320,966
$47,161 $189,575 $84,230
Robert L Evans Jr
Assistant Treasurer
$276,727
$0 $198,267 $78,460
John Russell Beekman
Vice President
$145,294
$0 $106,740 $38,554
Christopher MacKenzie
Vice President and Secretary
$0

Benchmark Employee Compensation

Contractors

Clayton Biotechnologies Inc
Consulting
$3,975,000
Norton Rose Fulbight LLP
Legal
$3,039,743
Parker Highlander Pllc
Legal - Medical Patent
$1,041,342
Brorby Crozier & Dobie PC
Legal
$144,991

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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