Civic Intelligence

Georgia Biosciences Organization

EIN 27-3855537 • 501(c)6 • Atlanta, GA

Profile

The mission of the georgia biosciences organization shall be to educate the elected officials about the significance of the life sciences industry to georgias economy and the health and well-being of people, animals and the environment.

8607 Roberts Drive Suite 250Atlanta, GA 30350

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

75th percentile

0.35x

Higher debt load relative to assets than 75% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

38th percentile

0.09x

Higher debt load relative to revenue than 38% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2024

Net Margin

65th percentile

9.4%

Higher net margin than 65% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

32nd percentile

$48,462

Higher top officer pay than 32% of similar nonprofits.

Top officer pay equals 2.9% of source-year revenue.

501(c)6 • $1M-$5M nonprofits • Source year 2024

Asset Growth

95th percentile

52%

Faster asset growth than 95% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

99th percentile

569%

Faster revenue growth than 99% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Up

$405,363

Up $138,509 (+52%) from 2023

Liabilities

Up

$141,973

Up $7,353 (+5.5%) from 2023

Net Assets

Up

$263,390

Up $131,156 (+99%) from 2023

Revenue

Up

$1,667,338

Up $1,418,085 (+569%) from 2023

Expenses

Up

$1,511,410

Up $1,394,391 (+1192%) from 2023

Net Income

Up

$155,928

Up $23,694 (+18%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$600K$400K$200K$0-$200KAssets 2013: $1,744Liabilities 2013: $11,250Net Assets 2013: -$9,5062013Assets 2014: $6,979Liabilities 2014: $6,000Net Assets 2014: $9792014Assets 2015: $4,558Liabilities 2015: $0Net Assets 2015: $4,5582015Assets 2017: $12,384Liabilities 2017: $0Net Assets 2017: $12,3842017Assets 2023: $266,854Liabilities 2023: $134,620Net Assets 2023: $132,2342023Assets 2024: $405,363Liabilities 2024: $141,973Net Assets 2024: $263,3902024

Highlighted filing

2024

Assets$405,363
Liabilities$141,973
Net Assets$263,390

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$2.0M$1.5M$1.0M$500K$0-$500KRevenue 2013: $37,500Expenses 2013: $47,803Net Income 2013: -$10,3032013Revenue 2014: $55,500Expenses 2014: $45,015Net Income 2014: $10,4852014Revenue 2015: $49,000Expenses 2015: $45,421Net Income 2015: $3,5792015Revenue 2017: $40,000Expenses 2017: $22,825Net Income 2017: $17,1752017Revenue 2023: $249,253Expenses 2023: $117,019Net Income 2023: $132,2342023Revenue 2024: $1,667,338Expenses 2024: $1,511,410Net Income 2024: $155,9282024

Highlighted filing

2024

Revenue$1,667,338
Expenses$1,511,410
Net Income$155,928

Filings

Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2023 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Jul 24, 2025
Return Version
2023v6.0
Gross Receipts
$249,253
Mission and Program Overview

Mission

The mission of the georgia biosciences organization shall be to educate the elected officials about the significance of the life sciences industry to georgias economy and the health and well-being of people, animals and the environment.

The mission of the georgia biosciences organization shall be to educate the elected officials about the significance of the life sciences industry to georgia's economy and the health and well-being of people, animals and the environment.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable-$119,903-
Inventories for Sale or Use-$109,452-
Cash and Non-Interest-Bearing Accounts-$37,499-
Total Assets$0$266,854▲ $266,854
Liabilities
Accounts Payable and Accrued Expenses-$71,236-
Other Liabilities-$63,384-
Total Liabilities$0$134,620▲ $134,620
Net Assets / Fund Balance
Net Assets Without Donor Restrictions-$132,234-
Total Net Assets Fund Balance$0$132,234▲ $132,234
Total Liabilities and Net Assets / Fund Balance$0$266,854▲ $266,854
Compensation and Service Providers

Board Members and Trustees

NameTitle
Steven DamonBoard Chairm
Maria Thacker Goethe MphPresident/ce
Dave PenakeVice Chairma
Bill WarrenDirector
Christopher MckinneyDirector
Cindy EdgeDirector
E Jane CarawayDirector
Eddie LaiDirector
Heather MullinsDirector
Jayne MorganDirector
Marcus DownsDirector
Mark BouzykDirector
Mary AlbertsonDirector
Shay FoleyDirector
Avi RobbinsGovernance C
Revenue and Support

Revenue Composition

Contributions and Grants
$134,225
Program Service Revenue
$115,028
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$132,234

Audited Revenue Reconciliation

Revenue per Audited Statements
$249,253
Total Revenue per Audited Statements
$249,253
Total Revenue per Form 990
$249,253
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$102,650
Salaries, Compensation, and Employee Benefits$14,369
Total Fundraising Expense$371
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$43,579--$43,579
Fees for Services Management$24,142$11,044$343$35,529
Other Salaries and Wages$14,369--$14,369
Office Expenses$1,783$7,134-$8,917
Occupancy$7,533--$7,533
Insurance$1,619$1,620-$3,239
Travel$2,064$661$28$2,753
Fees for Services Legal-$1,100-$1,100
Total Functional Expenses$95,089$21,559$371$117,019

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$117,019
Total Expenses per Audited Statements$117,019
Total Expenses per Form 990$117,019
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred Revenue$33,384
Due to Related Party$30,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
Yes
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI

Section b line 15: no salaries were paid to the ceo/executive director. Three contractors were paid their fees via 1099s which was the only compensation paid during the 2023.

Form 990, Page 6, Part VI, Line 4

The organization adopted a conflict of interest policy and whistleblower protection policy on february 14, 2024. Ga biosciences organization assumed leadrship of the georgia life summit, and annual life sciences summit for the life science ecosystem.

Form 990, Page 6, Part VI, Line 11B

Each member of the board of directors is provided a copy of the completed form 990 prior to the form 990 being efiled. Questions are asked by the board members (in-person or remote dial in), and answered by the president/ceo/director or others.

Form 990, Page 6, Part VI, Line 12C

Conflict of interest policy is closely monitored for effectiveness.

Form 990, Page 6, Part VI, Line 19

Upon request by donors and/or the general public, georgia biosciences organization provides the requested information for the above stated documents.

Filing and Contact Details

Filer

Filer Name
Georgia Biosciences
EIN
27-3855537
Phone
4042210617
Address
8607 ROBERTS DRIVE SUITE 250, ATLANTA, GA 30350
Doing Business As
Georgia Life Sciencesgeorgia Bio

Signing Officer

Name
Maria Thacker Goethe Mph
Title
President/CEO
Phone
4042210617
Signed
2025-07-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Maria Thacker Goethe Mph
Formed
2010
Legal Domicile
Ga
Voting Board Members
15
Independent Board Members
14
Employees
0
Volunteers
30

Preparer

Firm
Burge & Associates Pc
Address
315 W PONCE DE LEON AVE STE 700, DECATUR, GA 30030
Preparer
Lucas M Bradstreet
Phone
7704466649
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The mission of the georgia biosciences organization shall be to educate the elected officials about the significance of the life sciences industry to georgia's economy and the health and well-being of people, animals and the environment.

Form 990, Page 2, Part III, Line 3

Georgia biosciences organization was initially formed in november 2010 (see notice of extempt status granted effeictive november 4, 2010) but was eventualy merged into a newly formed not for profit entity, center for global health innovation, inc. (cghi) in 2020. Upon failure of this newly formed not for profit entity, in october 2023, the newly elected board voted to end its association with this newly formed not for profit entity, cghi, and resumed activity as was originally established as georgia biosciences organization.

Form 990, Page 2, Part III, Line 4A

Education and workforce development - georgia biosciences carries out initiatives in education and workforce development to accelerate the alignment of georgia's current and future workforce with the needs of its life sciences industry. The workforce development programming focuses on connecting education and career pathway development with georgia's work ready program and places it in an industry-focused context led by an industry network. Activities include career awareness programs, curricula development and implementation, teacher trainings, a mentoring program, and solutions design and execution. With support from the state of georgia, gabiosciences launched the first teacher training program in the country specific to stem education, serving more than 30 counties in rural georgia. 370 teachers trained, impacting over 50,000 students (75% in title 1 schools). Gabiosciences also operates an equipment depot to support stem education by providing free stem supplies and equipment to classrooms throughout the state, with over 615,142 of supplies and equipment donated in 2023 for distribtuion to teachers and schools. Gabiosciences is leading an initiative funded by nsf to operate and scale a biotechnician assistant credentialing exam (bace) program.

Form 990, Page 2, Part III, Line 4B

Life sciences and digital health - georgia biosciences works to advance the growth of georgia's life sciences industry and foster strategic partnerships that can create a healthier world and strengthen economic development in the region. Initiatives and programs include public policy information forums, executive roundtables, educational panels on industry trends and innovations, capital forums, and entreprenurial trainings. The annual conference is the largest life sciences conference in the southeast and showcases the most advanced life science research and product developments not only in biomedicine and medical devices, but also in agriculture and bioenergy. Meetings and events are open to company executives, university administrators and scientists, government leaders, investors, and public policy experts. This summit, along with many other meetings, panel discussions, seminars, and other events throughout the year, provides a network for the exchange of ideas, information, and opportunities. Topics of these gatherings include biotech, scientific research, medical devices, and upcoming legislation related to the life sciences industry. On average, georgia biosciences hosts approximately 40 programs and events.

Form 990, Part IX, Line 11G

43,579 0 0

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ProgSrvcAccomActy2Grp/Desc0LIFE SCIENCES AND DIGITAL HEALTH - GEORGIA BIOSCIENCES WORKS TO ADVANCE THE GROWTH OF GEORGIA'S LIFE SCIENCES INDUSTRY AND FOSTER STRATEGIC PARTNERSHIPS THAT CAN CREATE A HEALTHIER WORLD AND STRENGTHEN ECONOMIC DEVELOPMENT IN THE REGION. INITIATIVES AND PROGRAMS INCLUDE PUBLIC POLICY INFORMATION FORUMS, EXECUTIVE ROUNDTABLES, EDUCATIONAL PANELS ON INDUSTRY TRENDS AND INNOVATIONS, CAPITAL FORUMS, AND ENTREPRENURIAL TRAININGS. THE ANNUAL CONFERENCE IS THE LARGEST LIFE SCIENCES CONFERENCE IN THE SOUTHEAST AND SHOWCASES THE MOST ADVANCED LIFE SCIENCE RESEARCH AND PRODUCT DEVELOPMENTS NOT ONLY IN BIOMEDICINE AND MEDICAL DEVICES, BUT ALSO IN AGRICULTURE AND BIOENERGY. MEETINGS AND EVENTS ARE OPEN TO COMPANY EXECUTIVES, UNIVERSITY ADMINISTRATORS AND SCIENTISTS, GOVERNMENT LEADERS, INVESTORS, AND PUBLIC POLICY EXPERTS. THIS SUMMIT, ALONG WITH MANY OTHER MEETINGS, PANEL DISCUSSIONS, SEMINARS, AND OTHER EVENTS THROUGHOUT THE YEAR, PROVIDES A NETWORK FOR THE EXCHANGE OF IDEAS, INFORMATION, AND OPPORTUNITIES. TOPICS OF THESE GATHERINGS INCLUDE BIOTECH, SCIENTIFIC RESEARCH, MEDICAL DEVICES, AND UPCOMING LEGISLATION RELATED TO THE LIFE SCIENCES INDUSTRY. ON AVERAGE, GEORGIA BIOSCIENCES HOSTS APPROXIMATELY 40 PROGRAMS AND EVENTS.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE MISSION OF THE GEORGIA BIOSCIENCES ORGANIZATION SHALL BE TO EDUCATE THE ELECTED OFFICIALS ABOUT THE SIGNIFICANCE OF THE LIFE SCIENCES INDUSTRY TO GEORGIA'S ECONOMY AND THE HEALTH AND WELL-BEING OF PEOPLE, ANIMALS AND THE ENVIRONMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1GEORGIA BIOSCIENCES ORGANIZATION WAS INITIALLY FORMED IN NOVEMBER 2010 (SEE NOTICE OF EXTEMPT STATUS GRANTED EFFEICTIVE NOVEMBER 4, 2010) BUT WAS EVENTUALY MERGED INTO A NEWLY FORMED NOT FOR PROFIT ENTITY, CENTER FOR GLOBAL HEALTH INNOVATION, INC. (CGHI) IN 2020. UPON FAILURE OF THIS NEWLY FORMED NOT FOR PROFIT ENTITY, IN OCTOBER 2023, THE NEWLY ELECTED BOARD VOTED TO END ITS ASSOCIATION WITH THIS NEWLY FORMED NOT FOR PROFIT ENTITY, CGHI, AND RESUMED ACTIVITY AS WAS ORIGINALLY ESTABLISHED AS GEORGIA BIOSCIENCES ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2EDUCATION AND WORKFORCE DEVELOPMENT - GEORGIA BIOSCIENCES CARRIES OUT INITIATIVES IN EDUCATION AND WORKFORCE DEVELOPMENT TO ACCELERATE THE ALIGNMENT OF GEORGIA'S CURRENT AND FUTURE WORKFORCE WITH THE NEEDS OF ITS LIFE SCIENCES INDUSTRY. THE WORKFORCE DEVELOPMENT PROGRAMMING FOCUSES ON CONNECTING EDUCATION AND CAREER PATHWAY DEVELOPMENT WITH GEORGIA'S WORK READY PROGRAM AND PLACES IT IN AN INDUSTRY-FOCUSED CONTEXT LED BY AN INDUSTRY NETWORK. ACTIVITIES INCLUDE CAREER AWARENESS PROGRAMS, CURRICULA DEVELOPMENT AND IMPLEMENTATION, TEACHER TRAININGS, A MENTORING PROGRAM, AND SOLUTIONS DESIGN AND EXECUTION. WITH SUPPORT FROM THE STATE OF GEORGIA, GABIOSCIENCES LAUNCHED THE FIRST TEACHER TRAINING PROGRAM IN THE COUNTRY SPECIFIC TO STEM EDUCATION, SERVING MORE THAN 30 COUNTIES IN RURAL GEORGIA. 370 TEACHERS TRAINED, IMPACTING OVER 50,000 STUDENTS (75% IN TITLE 1 SCHOOLS). GABIOSCIENCES ALSO OPERATES AN EQUIPMENT DEPOT TO SUPPORT STEM EDUCATION BY PROVIDING FREE STEM SUPPLIES AND EQUIPMENT TO CLASSROOMS THROUGHOUT THE STATE, WITH OVER 615,142 OF SUPPLIES AND EQUIPMENT DONATED IN 2023 FOR DISTRIBTUION TO TEACHERS AND SCHOOLS. GABIOSCIENCES IS LEADING AN INITIATIVE FUNDED BY NSF TO OPERATE AND SCALE A BIOTECHNICIAN ASSISTANT CREDENTIALING EXAM (BACE) PROGRAM.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3LIFE SCIENCES AND DIGITAL HEALTH - GEORGIA BIOSCIENCES WORKS TO ADVANCE THE GROWTH OF GEORGIA'S LIFE SCIENCES INDUSTRY AND FOSTER STRATEGIC PARTNERSHIPS THAT CAN CREATE A HEALTHIER WORLD AND STRENGTHEN ECONOMIC DEVELOPMENT IN THE REGION. INITIATIVES AND PROGRAMS INCLUDE PUBLIC POLICY INFORMATION FORUMS, EXECUTIVE ROUNDTABLES, EDUCATIONAL PANELS ON INDUSTRY TRENDS AND INNOVATIONS, CAPITAL FORUMS, AND ENTREPRENURIAL TRAININGS. THE ANNUAL CONFERENCE IS THE LARGEST LIFE SCIENCES CONFERENCE IN THE SOUTHEAST AND SHOWCASES THE MOST ADVANCED LIFE SCIENCE RESEARCH AND PRODUCT DEVELOPMENTS NOT ONLY IN BIOMEDICINE AND MEDICAL DEVICES, BUT ALSO IN AGRICULTURE AND BIOENERGY. MEETINGS AND EVENTS ARE OPEN TO COMPANY EXECUTIVES, UNIVERSITY ADMINISTRATORS AND SCIENTISTS, GOVERNMENT LEADERS, INVESTORS, AND PUBLIC POLICY EXPERTS. THIS SUMMIT, ALONG WITH MANY OTHER MEETINGS, PANEL DISCUSSIONS, SEMINARS, AND OTHER EVENTS THROUGHOUT THE YEAR, PROVIDES A NETWORK FOR THE EXCHANGE OF IDEAS, INFORMATION, AND OPPORTUNITIES. TOPICS OF THESE GATHERINGS INCLUDE BIOTECH, SCIENTIFIC RESEARCH, MEDICAL DEVICES, AND UPCOMING LEGISLATION RELATED TO THE LIFE SCIENCES INDUSTRY. ON AVERAGE, GEORGIA BIOSCIENCES HOSTS APPROXIMATELY 40 PROGRAMS AND EVENTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4SECTION B LINE 15: NO SALARIES WERE PAID TO THE CEO/EXECUTIVE DIRECTOR. THREE CONTRACTORS WERE PAID THEIR FEES VIA 1099S WHICH WAS THE ONLY COMPENSATION PAID DURING THE 2023.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION ADOPTED A CONFLICT OF INTEREST POLICY AND WHISTLEBLOWER PROTECTION POLICY ON FEBRUARY 14, 2024. GA BIOSCIENCES ORGANIZATION ASSUMED LEADRSHIP OF THE GEORGIA LIFE SUMMIT, AND ANNUAL LIFE SCIENCES SUMMIT FOR THE LIFE SCIENCE ECOSYSTEM.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6EACH MEMBER OF THE BOARD OF DIRECTORS IS PROVIDED A COPY OF THE COMPLETED FORM 990 PRIOR TO THE FORM 990 BEING EFILED. QUESTIONS ARE ASKED BY THE BOARD MEMBERS (IN-PERSON OR REMOTE DIAL IN), AND ANSWERED BY THE PRESIDENT/CEO/DIRECTOR OR OTHERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7CONFLICT OF INTEREST POLICY IS CLOSELY MONITORED FOR EFFECTIVENESS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8UPON REQUEST BY DONORS AND/OR THE GENERAL PUBLIC, GEORGIA BIOSCIENCES ORGANIZATION PROVIDES THE REQUESTED INFORMATION FOR THE ABOVE STATED DOCUMENTS.
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IRS990ScheduleR/SupplementalInformationDetail/ExplanationTxt0DURING OCTOBER 2023, THE GEORGIA BIOSCIENCES ORGANIZATION ENTERED INTO AN AGREEMENT WITH THE CENTER OF GLOBAL HEALTH INNOVATION, INC. (CGHI), A NOT FOR PROFIT ORGANIZATION WITH COMMON OWNERSHIP, TO TRANSFER ITEMS OWNED BY CGHI TO THE GEORGIA BIOSCIENCES ORGANIZATION. AS PART OF THE AGREEMENT, THE GEORGIA BIOSCIENCES ORGANIZATION AGREED TO PAY CGHI 50,000 AND TO ASSUME LIABILITY HELD BY CGHI TOTALING APPROXIMATELY 56,000. AS OF DECEMBER 31, 2023, 30,000 OF THE AMOUNT DUE TO CGHI AND 35,000 OF THE ASSUMED LIABILITY REMAINED OUTSTANDING.
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