Liabilities / Assets
79th percentile
Higher debt load relative to assets than 79% of similar nonprofits.
EIN 80-0079841 • 501(c)3 • Atlanta, GA
Profile
To provide high-value preclinical testing and training services to medical device, biologics, and pharmaceutical developers and manufacturers.
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
Liabilities / Assets
79th percentile
Higher debt load relative to assets than 79% of similar nonprofits.
Liabilities / Revenue
83rd percentile
Higher debt load relative to revenue than 83% of similar nonprofits.
Net Margin
91st percentile
Higher net margin than 91% of similar nonprofits.
Top Officer Pay
Score unavailable
No filing with officer rows is available for this organization yet.
Asset Growth
10th percentile
Faster asset growth than 10% of similar nonprofits.
Revenue Growth
6th percentile
Faster revenue growth than 6% of similar nonprofits.
Assets
Up$81,612
Up $51,438 (+170%) from 2024
Liabilities
Up$9,185
Up $9,185 from 2024
Net Assets
Up$72,427
Up $42,253 (+140%) from 2024
Revenue
Down$75,497
Down $6,985,616 (-99%) from 2024
Expenses
Down$33,244
Down $11,239,310 (-100%) from 2024
Net Income
Up$42,253
Up $4,253,694 (+101%) from 2024
Most recent year
2025 • Form 990Detailed filing. Detailed filing data is available for this year.
To provide high-value preclinical testing and training services to medical device, biologics, and pharmaceutical developers and manufacturers.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Savings and Temporary Cash Investments | $30,174 | $81,612 | ▲ $51,438 |
| Total Assets | $30,174 | $81,612 | ▲ $51,438 |
| Liabilities | |||
| Accounts Payable and Accrued Expenses | - | $9,185 | - |
| Total Liabilities | $0 | $9,185 | ▲ $9,185 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $30,174 | $72,427 | ▲ $42,253 |
| Total Net Assets Fund Balance | $30,174 | $72,427 | ▲ $42,253 |
| Total Liabilities and Net Assets / Fund Balance | $30,174 | $81,612 | ▲ $51,438 |
| Name | Title | Full / Part Time | Other | Total |
|---|---|---|---|---|
| Roger Mason | Asst. Treasu | - | $196,363 | $196,363 |
| Cynthia Martin | Asst. Treasu | PT | $192,749 | $192,749 |
| Name | Title |
|---|---|
| Russ Medford | Chairman |
| Alyssa Panitch | Director |
| Andres J Garcia | Director |
| Ashley Cornelison | Director |
| Bob Crutchfield | Director |
| Chaouki Abdallah | Director |
| David Hartnett | Director |
| Elizabeth a Krupinsk | Director |
| Timothy Lieuwen | Director |
| Wilbur a Lam | Director |
| Cynthia Martin | Asst. Treasurer |
| Roger Mason | Asst. Treasurer |
| Shannon Mcghee | Executive Di |
| Saylan Lukas | Interim CEO |
| Tanesha Steward | Secretary |
| Robert Foy | Treasurer |
| Line Item | Amount |
|---|---|
| Other Expenses | $33,244 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Salaries, Compensation, and Employee Benefits | $0 |
| Total Fundraising Expense | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Fees for Services Legal | - | $32,125 | - | $32,125 |
| Office Expenses | - | $1,119 | - | $1,119 |
| Total Functional Expenses | $0 | $33,244 | $0 | $33,244 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
“The organization's sole member is the global center for medical innovation, inc., ein 26-4723991.”
“Board members are appointed by the board of directors of gcmi, the organization's sole member. The board of directors of the organization may be comprised of the same individuals who serve on gcmi's board of directors.”
“Following review by management and certain officers, the secretary emails a draft of the form 990 to the full board of directors for their review prior to filing with the irs. If the review results in any changes, the revised form 990 is distributed to the board prior to filing.”
“Conflict of interest policy applies to each member of the board of directors and to all officers of the organization. The policy also serves as guidance for all persons employed by the georgia institute of technology who have significant responsibilities for the activities of the organization. The policy requires each director and officer annually to (1) review the policy (2) disclose any possible personal, familial, or business relationships that reasonably could give rise to a conflict of interest involving the organization and (3) acknowledge by his or her signature that they are in accordance with the letter and spirit of the policy. Disclosure forms are distributed and collected by the executive director of the organization who provides any positive responses to the board of directors in executive session as appropriate. Directors and officers are requested to disclose substantive relationships they or members of their family maintain with organizations that do business with the organization or which otherwise could be construed to potentially affect their independent, unbiased judgement in light of their decision-making authority or responsibility. Directors of officers who have declared or have been found to have a conflict of interest refrain from consideration of proposed transactions unless for special reasons the board requests information or interpretation. Persons with the conflicts do not vote, participate in discussion, or attend the meeting during vote. Any proposed transaction in which a conflict of interest has been declared or found to exist must be approved by a majority of the disinterested members of the board or the appropriate committee of the board after disclosure of the conflict of interest.”
“PROVIDED UPON REQUEST.”
“Gcmi and t3 labs are not-for-profit corporations and are exempt from income taxes under section 501(c)(3) of the internal revenue code. Accordingly, no income taxes are reflected in the accompanying consolidated financial statements. Asc 740, income taxes, is applicable to not-for-profit entities in certain matters, such as gcmi's and t3 lab's tax-exempt status, are considered tax positions taken in its annual informational tax return and thus must be assessed for potential unrecognized tax benefits. Under asc 740, the organization assesses the likelihood, based on their technical merit, that such tax positions taken in its informational tax return will be sustained by taxing authorities upon examination of the facts, circumstances, and information available at the end of each financial statement period. Unrecognized tax benefits are measured and recorded as a liability where the organization has determined it to be probable a tax position would not be sustained and the amount of the unrecognized tax benefit, including associated penalties and interest, can reasonably be estimated. The amount recognized is subject to estimate and management judgment with respect to the likely outcome of each uncertain tax position. The amount that is ultimately sustained for an individual uncertain tax position, or for all uncertain tax positions in the aggregate, could differ from the amount recognized. Management has determined that there is no tax liability resulting from unrecognized tax benefits related to uncertain income tax positions taken, or expected to be taken, on its informational tax returns as of june 30, 2025 and 2024. No informational tax returns are currently under examination.”
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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| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 0 | GCMI AND T3 LABS ARE NOT-FOR-PROFIT CORPORATIONS AND ARE EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, NO INCOME TAXES ARE REFLECTED IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS. ASC 740, INCOME TAXES, IS APPLICABLE TO NOT-FOR-PROFIT ENTITIES IN CERTAIN MATTERS, SUCH AS GCMI'S AND T3 LAB'S TAX-EXEMPT STATUS, ARE CONSIDERED TAX POSITIONS TAKEN IN ITS ANNUAL INFORMATIONAL TAX RETURN AND THUS MUST BE ASSESSED FOR POTENTIAL UNRECOGNIZED TAX BENEFITS. UNDER ASC 740, THE ORGANIZATION ASSESSES THE LIKELIHOOD, BASED ON THEIR TECHNICAL MERIT, THAT SUCH TAX POSITIONS TAKEN IN ITS INFORMATIONAL TAX RETURN WILL BE SUSTAINED BY TAXING AUTHORITIES UPON EXAMINATION OF THE FACTS, CIRCUMSTANCES, AND INFORMATION AVAILABLE AT THE END OF EACH FINANCIAL STATEMENT PERIOD. UNRECOGNIZED TAX BENEFITS ARE MEASURED AND RECORDED AS A LIABILITY WHERE THE ORGANIZATION HAS DETERMINED IT TO BE PROBABLE A TAX POSITION WOULD NOT BE SUSTAINED AND THE AMOUNT OF THE UNRECOGNIZED TAX BENEFIT, INCLUDING ASSOCIATED PENALTIES AND INTEREST, CAN REASONABLY BE ESTIMATED. THE AMOUNT RECOGNIZED IS SUBJECT TO ESTIMATE AND MANAGEMENT JUDGMENT WITH RESPECT TO THE LIKELY OUTCOME OF EACH UNCERTAIN TAX POSITION. THE AMOUNT THAT IS ULTIMATELY SUSTAINED FOR AN INDIVIDUAL UNCERTAIN TAX POSITION, OR FOR ALL UNCERTAIN TAX POSITIONS IN THE AGGREGATE, COULD DIFFER FROM THE AMOUNT RECOGNIZED. MANAGEMENT HAS DETERMINED THAT THERE IS NO TAX LIABILITY RESULTING FROM UNRECOGNIZED TAX BENEFITS RELATED TO UNCERTAIN INCOME TAX POSITIONS TAKEN, OR EXPECTED TO BE TAKEN, ON ITS INFORMATIONAL TAX RETURNS AS OF JUNE 30, 2025 AND 2024. NO INFORMATIONAL TAX RETURNS ARE CURRENTLY UNDER EXAMINATION. |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | SCHEDULE D, PAGE 3, PART X |
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| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm | 2 | TIMOTHY LIEUWEN |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm | 3 | ALYSSA PANITCH |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm | 4 | ROBERT FOY |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm | 5 | SAYLAN LUKAS |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm | 6 | ROGER MASON |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm | 7 | CYNTHIA MARTIN |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm | 8 | TANESHA STEWARD |
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| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt | 5 | INTERIM CEO |
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| IRS990ScheduleN/SupplementalInformationDetail/ExplanationTxt | 0 | FULL ASSET SALE: IN NOVEMBER 2023, THE ORGANIZATION EXECUTED AN ASSET PURCHASE AGREEMENT WITH A PRIVATE, FOR-PROFIT CORPORATION (THE 'BUYER'). THE ORGANIZATION HAS RECEIVED 719,173 IN RESPECT OF THE TRANSACTION, AND MANAGEMENT DOES NOT EXPECT ADDITIONAL PROCEEDS TO BE RECEIVED FROM THE BUYER. UNDER THE AGREEMENT, THE BUYER ACQUIRED SUBSTANTIALLY ALL OPERATING ASSETS OF T3 LABS. THE BUYER ASSUMED CERTAIN ACCOUNTS PAYABLE AND OBLIGATIONS PERTAINING TO DEFERRED REVENUE BALANCES, AS WELL AS THE OPERATING LEASE ASSOCIATED WITH T3 LABS' OPERATING FACILITIES AND RELATED OBLIGATIONS, AS WELL AS AN EXISTING FINANCE LEASE AND RELATED EQUIPMENT. |
| IRS990ScheduleN/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | SCHEDULE N |
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| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | THE ORGANIZATION'S SOLE MEMBER IS THE GLOBAL CENTER FOR MEDICAL INNOVATION, INC., EIN 26-4723991. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | BOARD MEMBERS ARE APPOINTED BY THE BOARD OF DIRECTORS OF GCMI, THE ORGANIZATION'S SOLE MEMBER. THE BOARD OF DIRECTORS OF THE ORGANIZATION MAY BE COMPRISED OF THE SAME INDIVIDUALS WHO SERVE ON GCMI'S BOARD OF DIRECTORS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | FOLLOWING REVIEW BY MANAGEMENT AND CERTAIN OFFICERS, THE SECRETARY EMAILS A DRAFT OF THE FORM 990 TO THE FULL BOARD OF DIRECTORS FOR THEIR REVIEW PRIOR TO FILING WITH THE IRS. IF THE REVIEW RESULTS IN ANY CHANGES, THE REVISED FORM 990 IS DISTRIBUTED TO THE BOARD PRIOR TO FILING. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | CONFLICT OF INTEREST POLICY APPLIES TO EACH MEMBER OF THE BOARD OF DIRECTORS AND TO ALL OFFICERS OF THE ORGANIZATION. THE POLICY ALSO SERVES AS GUIDANCE FOR ALL PERSONS EMPLOYED BY THE GEORGIA INSTITUTE OF TECHNOLOGY WHO HAVE SIGNIFICANT RESPONSIBILITIES FOR THE ACTIVITIES OF THE ORGANIZATION. THE POLICY REQUIRES EACH DIRECTOR AND OFFICER ANNUALLY TO (1) REVIEW THE POLICY (2) DISCLOSE ANY POSSIBLE PERSONAL, FAMILIAL, OR BUSINESS RELATIONSHIPS THAT REASONABLY COULD GIVE RISE TO A CONFLICT OF INTEREST INVOLVING THE ORGANIZATION AND (3) ACKNOWLEDGE BY HIS OR HER SIGNATURE THAT THEY ARE IN ACCORDANCE WITH THE LETTER AND SPIRIT OF THE POLICY. DISCLOSURE FORMS ARE DISTRIBUTED AND COLLECTED BY THE EXECUTIVE DIRECTOR OF THE ORGANIZATION WHO PROVIDES ANY POSITIVE RESPONSES TO THE BOARD OF DIRECTORS IN EXECUTIVE SESSION AS APPROPRIATE. DIRECTORS AND OFFICERS ARE REQUESTED TO DISCLOSE SUBSTANTIVE RELATIONSHIPS THEY OR MEMBERS OF THEIR FAMILY MAINTAIN WITH ORGANIZATIONS THAT DO BUSINESS WITH THE ORGANIZATION OR WHICH OTHERWISE COULD BE CONSTRUED TO POTENTIALLY AFFECT THEIR INDEPENDENT, UNBIASED JUDGEMENT IN LIGHT OF THEIR DECISION-MAKING AUTHORITY OR RESPONSIBILITY. DIRECTORS OF OFFICERS WHO HAVE DECLARED OR HAVE BEEN FOUND TO HAVE A CONFLICT OF INTEREST REFRAIN FROM CONSIDERATION OF PROPOSED TRANSACTIONS UNLESS FOR SPECIAL REASONS THE BOARD REQUESTS INFORMATION OR INTERPRETATION. PERSONS WITH THE CONFLICTS DO NOT VOTE, PARTICIPATE IN DISCUSSION, OR ATTEND THE MEETING DURING VOTE. ANY PROPOSED TRANSACTION IN WHICH A CONFLICT OF INTEREST HAS BEEN DECLARED OR FOUND TO EXIST MUST BE APPROVED BY A MAJORITY OF THE DISINTERESTED MEMBERS OF THE BOARD OR THE APPROPRIATE COMMITTEE OF THE BOARD AFTER DISCLOSURE OF THE CONFLICT OF INTEREST. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | PROVIDED UPON REQUEST. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990, PAGE 6, PART VI, LINE 6 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PAGE 6, PART VI, LINE 7A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PAGE 6, PART VI, LINE 11B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PAGE 6, PART VI, LINE 12C |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990, PAGE 6, PART VI, LINE 19 |
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