Discovery Cure Institute Inc
- Assets
- $4.3m
- Revenue
- $250.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Alachua, FL
- Founding
- 07/2019
- Data as of
- 12/2021
- EIN
- 83-1678952
Organization Overview
Discovery Cure Institute Inc is located in Alachua, FL. The organization was established in 2019. According to its NTEE Classification (H92) the organization is classified as: Biomedicine & Bioengineering Research, under the broad grouping of Medical Research and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Discovery Cure Institute Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Discovery Cure Institute Inc generated $250.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (52.2%) each year. All expenses for the organization totaled $926.1k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
DISCOVERY CURE INSTITUTE, INC., WAS FORMED TO CONDUCT SCIENTIFIC RESEARCH THAT MAY LEAD TO DISCOVERY OF NEW DRUGS TO TREAT HUMAN DISEASES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DISCOVERY CURE INSTITUTE, INC WILL PROVIDE BIOMEDICAL RESEARCH TO GOVERNMENT AND ORGANIZATIONS FOCUSED ON TRYING TO DISCOVER THE FUNDAMENTAL MOLECULAR CAUSES OF DISEASE AND POSSIBLE INNOVATIVE THERAPIES FOR DISEASE. SUCH RESEARCH IS EXPECTED TO INCLUDE (I) HIGH-THROUGHPUT SCREENING (HTS), (II) STRUCTURE ACTVITY RELATIONSHIP (SAR), (III) ANALYSIS, DESIGN, METABOLISM, EXCRETION, AND TOXICOLOGY STUDIES (ADMET), AND (IV) COMPUTATIONAL CHEMISTRY/COMPUTER AIDED DRUG DESIGN. (CADD)
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James D Talton PHD President And Secretary | OfficerTrustee | 0.5 | $0 |
Judy Talton Ms Arnp Treasurer | OfficerTrustee | 0.5 | $0 |
Benjamin Haeck Director - Resigned Mid Year | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $250,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $250,000 |
| Total Program Service Revenue | $0 |
| Investment income | $4 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $250,004 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $300,000 |
| Advertising and promotion | $0 |
| Office expenses | $174 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $598,976 |
| Insurance | $24,403 |
| All other expenses | $0 |
| Total functional expenses | $926,053 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $250,770 |
| Savings and temporary cash investments | $23,314 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $3,975,024 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $92,485 |
| Total assets | $4,341,593 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $4,341,593 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $4,341,593 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Emtech Inc Atlanta, GA | $29,330,405 | $2,880,833 |
Discovery Cure Institute Inc Alachua, FL | $4,341,593 | $250,004 |
Limbitless Solutions Inc Orlando, FL | $1,004,854 | $765,711 |
Gorgas Memorial Institute Of Tropic Al And Preventative Medicine Inc Birmingham, AL | $1,954,183 | $433,597 |
Augusta Biomedical Research Corporation Augusta, GA | $374,758 | $102,169 |