Genomics Organization for Academic Laboratories

Tax-deductible

Wilmington, DE501(c)(3)Since 2020Human ServicesEIN 85-3066920Revenue $329K in FY2025

On file with the IRSgoalabs.org100 W 10th St Ste 603, 19801-6604 · Wilmington, DETax-exempt since Mar 2022Publicly supported — 509(a)(2)

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Goal is organized to facilitate the advancement and standardization of personalized molecular diagnostics at Academic and nonprofit organizations through leveraging inter-laboratory interactions, and to advance patient care with a sustainable, cost-effective and streamlined collaboration among Academic laboratory departments.

501(c)(3) charity; gifts are tax-deductible.
69¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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FY2025 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average surplus $154K a year · 47% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
69%
of spending
Fine: 69% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
7 mo
of spending, in cash
Looks good: 6.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$74K
9% of total assets
Looks good: liabilities are 9% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$329K
+136% vs prior year
Spent
$277K
To programs
69%
Net assets
$772K
By yearFY2021–FY2025
Revenue
$329K
FY2025▲ +136%
Tap a bar for its year
Revenue by fiscal year
FY2021$1.0M
FY2022$38K
FY2023$101K
FY2024$139K
FY2025$329K
Expenses
$277K
FY2025▲ +52%
Tap a bar for its year
Expenses by fiscal year
FY2021$89K
FY2022$143K
FY2023$194K
FY2024$182K
FY2025$277K
Net assets
$772K
FY2025▲ +7%
Tap a bar for its year
Net assets by fiscal year
FY2021$959K
FY2022$855K
FY2023$763K
FY2024$720K
FY2025$772K

From the FY2025 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 2022.

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

Where the money goes

69 cents of each dollar spent went to programs.

Program services 69% · $191K Management & general 31% · $86K

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
Secy/Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Chair Academic Advisory Cm
$0Pt VII · Sec A
Member-At-Large
$0Pt VII · Sec A
Member-At-Large
$0Pt VII · Sec A
Member-At-Large
$0Pt VII · Sec A
See Genomics Organization for Academic Laboratories 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 15aNo

Programs and updates

Advances personalized diagnostics by fostering collaboration on biomarker testing development.

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Provided by the organization

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3 programs · $176K · in their own filed words · FY2025
01

Research Projects

Members from academic molecular diagnostic laboratories who have the interest, capacity, and expertise to participate in genomics testing conduct research activities. Surveys for feasibility and qualification of member labs in the organization were developed and launched.

$172Kprogram expense
02

Annual Meeting

Members convene in a virtual meeting to learn about the latest scientific updates in genomics, participate in large and small group discussions, and foster interlaboratory interactions and SCIENTIFIC/EDUCATIONAL collaborations to advance patient care and further the study of personalized molecular diagnostics.

$4Kprogram expense
03

Membership Dues

As a professional network of molecular laboratory directors at academic organizations, membership dues support the activities and programming developed by members for members. The benefits of membership include: (1)ACCESS and participation in recurring monthly or annual virtual meetings and in an annual in-person lunch program, (2)GROUP…

Pt IX · col B

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$329K
Ln 12
Fees for servicesLn 2g$292K
Investment incomeLn 3$24K
Other incomeLn 4–11$13K
Money outPt IX
$277K
Ln 25
Programscol B$191K
Managementcol C$86K
Owns and owesPt X
$772K
net assets · Ln 32
Cash and savingsLn 1–2$157K
Total assetsLn 16$846K
LiabilitiesLn 26$74K
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$292K
Investment incomeLn 3$24K
Other incomeLn 4–11$13K
Total revenueLn 12$329K
Assets in detailPt X, end of year
CashLn 1$157K
Cash and savings togetherLn 1–2$157K
InvestmentsLn 11–13$573K
Other assetsLn 15$39K
Total assetsLn 16$846K
LiabilitiesLn 26$74K
Net assetsLn 32$772K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$205K$157K
InvestmentsLn 11–13$550K$573K
Total assetsLn 16$893K$846K
LiabilitiesLn 26$173K$74K
Net assetsLn 32$720K$772K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$15K$15K
Legal feesLn 11b$89$89
Accounting feesLn 11c$5K$5K
Other fees for servicesLn 11g$222K$171K$51K
Information technologyLn 14$9K$6K$3K
Conferences, conventions and meetingsLn 19$11K$11K
InsuranceLn 23$4K$4K
Other expenses (24a–d)Ln 24$11K$3K$8K
Total functional expensesLn 25$277K$191K$86K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $329K$277K$52K$772K 990 PDF
FY2024 $139K$182K−$42K$720K 990 PDF
FY2023 $101K$194K−$92K$763K 990 PDF
FY2022 $38K$143K−$105K$855K 990 PDF
FY2021 $1.0M$89K$959K$959K 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 FY2025 990 (6 parts)
Part I · Summary $328,985 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $110,328$291,775
I-10 Investment incomePrior year $27,688$23,795
I-11 Other revenuePrior year $1,245$13,415
I-12 Total revenuePrior year $139,261$328,985
I-13 Grants and similar amounts paidPrior year $0$0
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 $181,723$277,052
I-18 Total expensesPrior year $181,723$277,052
I-19 Revenue less expensesPrior year −$42,462$51,933
Part VI · Governance 6 of 6 board members independent, 3 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $328,985 across 3 lines filed
Lines not itemized here account for $13,415 of total revenue; see the IRS return.
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $291,775$291,775
VIII-3 Investment incomeRelated to mission $23,795$23,795
VIII-12 Total revenueRelated to mission $328,985 · Unrelated business $0 · Excluded from tax $0$328,985
Part IX · Statement of functional expenses $277,052 across 8 lines filed
IX-11a Management feesManagement $15,238$15,238
IX-11b Legal feesManagement $89$89
IX-11c Accounting feesManagement $4,689$4,689
IX-11g Other fees for servicesPrograms $170,809 · Management $50,996$221,805
IX-14 Information technologyPrograms $6,028 · Management $2,785$8,813
IX-19 Conferences, conventions and meetingsPrograms $11,194$11,194
IX-23 InsuranceManagement $4,437$4,437
IX-24 Other expenses (24a–d)Programs $2,710 · Management $8,077$10,787
IX-25 Total functional expensesPrograms $190,741 · Management $86,311 · Fundraising $0$277,052
Part X · Balance sheet $845,751 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $204,906$156,710
X-8 Inventories for sale or useStart of year $115,898$71,313
X-9 Prepaid expenses and deferred chargesStart of year $4,366$5,730
X-11 Publicly traded securitiesStart of year $549,551$573,404
X-15 Other assetsStart of year $18,155$38,594
X-16 Total assetsStart of year $892,875$845,751
X-17 Accounts payable and accrued expensesStart of year $3,403$1,613
X-19 Deferred revenueStart of year $169,383$72,058
X-26 Total liabilitiesStart of year $172,786$73,671
X-32 Total net assets or fund balancesStart of year $720,089$772,080
X-33 Total liabilities and net assetsStart of year $892,875$845,751
Part XI · Reconciliation of net assets $772,080 net assets at year end
XI-1 Total revenue$328,985
XI-2 Total expenses$277,052
XI-3 Revenue less expenses$51,933
XI-4 Net assets at start of year$720,089
XI-5 Net unrealized gains (losses) on investments$58
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$772,080

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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