Global Genomic Medicine Collaborative

Tax-deductible

Durham, NC501(c)(3)Health CareEIN 81-3079744Revenue $667K in FY2024

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The entity is organized and operated exclusively for charitable and educational purposes within the meaning of section 501(c)(3) of the internal revenue code to include advancing Genomic Medicine in clinical care through Global collaborations.

501(c)(3) charity; gifts are tax-deductible.
23¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average deficit $28K a year · 3% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
23%
of spending
Concern: 23% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
5 mo
of spending, in cash
Looks good: 5.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $177K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$2K
0.8% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$667K
+194% vs prior year
Spent
$670K
To programs
23%
Net assets
$284K
By yearFY2020–FY2024
Revenue
$667K
FY2024▲ +194%
Revenue by fiscal year
FY2020$918K
FY2021$1.7M
FY2022$952K
FY2023$227K
FY2024$667K
Expenses
$670K
FY2024▼ -43%
Expenses by fiscal year
FY2020$698K
FY2021$955K
FY2022$1.1M
FY2023$1.2M
FY2024$670K
Net assets
$284K
FY2024▲ +2%
Net assets by fiscal year
FY2020$632K
FY2021$1.4M
FY2022$1.2M
FY2023$277K
FY2024$284K

From the FY2024 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 2018.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

23 cents of each dollar spent went to programs.

Program services 23% · $151K Management & general 77% · $519K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

7 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Global Genomic Medicine Collaborative executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Advance genomic medicine in clinical care through global collaborations.

Provided by the organization

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2 programs · $151K · in their own filed words · FY2024
01

Meeting expenses associated with bringing together medical experts around the world to in order to pursue the entity's exempt and charitable purpose of advancing genmoic medical research and solutions.

$112Kprogram expense
02

Collaborative research in sharing database information related to genomic medicine

$40Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2020
Total grants receivedfrom 2 funders$177K
Grants paid · 5 grants · $306K · 2020–2022
University of Maryland BaltimoreFY2022$55,078

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$667K
Ln 12
Gifts and grantsLn 1h$643K
Fees for servicesLn 2g$20K
Investment incomeLn 3$3K
Money outPt IX
$670K
Ln 25
Programscol B$151K
Managementcol C$519K
Owns and owesPt X
$284K
net assets · Ln 32
Cash and savingsLn 1–2$286K
Total assetsLn 16$286K
LiabilitiesLn 26$2K
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$643K
Fees for servicesLn 2g$20K
Investment incomeLn 3$3K
Other incomeLn 4–11$575
Total revenueLn 12$667K
Assets in detailPt X, end of year
CashLn 1$286K
Cash and savings togetherLn 1–2$286K
Total assetsLn 16$286K
LiabilitiesLn 26$2K
Net assetsLn 32$284K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$278K$286K
Total assetsLn 16$280K$286K
LiabilitiesLn 26$3K$2K
Net assetsLn 32$277K$284K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$37K$37K
Legal feesLn 11b$6K$6K
Accounting feesLn 11c$4K$4K
Investment management feesLn 11f$315$315
Information technologyLn 14$13K$13K
TravelLn 17$18K$18K
Conferences, conventions and meetingsLn 19$95K$94K$2K
InsuranceLn 23$10K$10K
Other expenses (24a–d)Ln 24$487K$3K$484K
Total functional expensesLn 25$670K$151K$519K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $667K$670K−$4K$284K 990 PDF
FY2023 $227K$1.2M−$957K$277K 990 PDF
FY2022 $952K$1.1M−$130K$1.2M 990 PDF
FY2021 $1.7M$955K$732K$1.4M 990 PDF
FY2020 $918K$698K$220K$632K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $666,860 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $216,414$643,323
I-9 Program service revenuePrior year $0$20,000
I-10 Investment incomePrior year $9,388$2,962
I-11 Other revenuePrior year $738$575
I-12 Total revenuePrior year $226,540$666,860
I-13 Grants and similar amounts paidPrior year $344,280$36,818
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $838,986$633,585
I-18 Total expensesPrior year $1,183,266$670,403
I-19 Revenue less expensesPrior year −$956,726−$3,543
Part VI · Governance 7 of 7 board members independent, no flags
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $666,860 across 7 lines filed
VIII-1f All other contributions, gifts and grants$643,323
VIII-1h Total contributions, gifts and grants$643,323
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Excluded from tax $20,000$20,000
VIII-3 Investment incomeExcluded from tax $2,962$2,962
VIII-5 RoyaltiesExcluded from tax $559$559
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $16$16
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $23,537$666,860
Part IX · Statement of functional expenses $670,403 across 9 lines filed
IX-1 Grants to domestic organizationsPrograms $36,818$36,818
IX-11b Legal feesManagement $5,546$5,546
IX-11c Accounting feesManagement $3,567$3,567
IX-11f Investment management feesManagement $315$315
IX-14 Information technologyManagement $13,326$13,326
IX-17 TravelPrograms $18,162$18,162
IX-19 Conferences, conventions and meetingsPrograms $93,519 · Management $1,950$95,469
IX-23 InsuranceManagement $10,336$10,336
IX-24 Other expenses (24a–d)Programs $2,772 · Management $484,092$486,864
IX-25 Total functional expensesPrograms $151,271 · Management $519,132 · Fundraising $0$670,403
Part X · Balance sheet $285,845 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $277,546$285,845
X-16 Total assetsStart of year $279,746$285,845
X-17 Accounts payable and accrued expensesStart of year $2,500$754
X-25 Other liabilitiesStart of year $485$1,570
X-26 Total liabilitiesStart of year $2,985$2,324
X-27 Net assets without donor restrictionsStart of year $276,761$273,221
X-28 Net assets with donor restrictions$10,300
X-32 Total net assets or fund balancesStart of year $276,761$283,521
X-33 Total liabilities and net assetsStart of year $279,746$285,845
Part XI · Reconciliation of net assets $283,521 net assets at year end
XI-1 Total revenue$666,860
XI-2 Total expenses$670,403
XI-3 Revenue less expenses−$3,543
XI-4 Net assets at start of year$276,761
XI-9 Other changes in net assets$10,303
XI-10 Net assets at end of year$283,521

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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