Civic Intelligence

Foundation for Laboratory Medicine Innovation

EIN 88-4288873 • 501(c)3 • Austin, TX

Profile

Promote advance of laboratory medicine

5900 Balconies Dr Ste 100Austin, TX 78731

www.labmedinnovation.org

Siviq Scores

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

Liabilities / Assets

97th percentile

3.46x

Higher debt load relative to assets than 97% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

97th percentile

2.27x

Higher debt load relative to revenue than 97% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

7th percentile

-161%

Higher net margin than 7% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2022

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2022

Balance Sheet
Liabilities / Assets97th percentile

Assets

$6,553

No earlier filing loaded for comparison.

Liabilities

$22,695

No earlier filing loaded for comparison.

Net Assets

-$16,142

No earlier filing loaded for comparison.

Operations
Liabilities / Revenue97th percentileNet Margin7th percentile

Revenue

$10,000

No earlier filing loaded for comparison.

Expenses

$26,142

No earlier filing loaded for comparison.

Net Income

-$16,142

No earlier filing loaded for comparison.

Trend Graphs

Balance Sheet Trend

Asset GrowthScore unavailable

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

$30K$20K$10K$0-$10K-$20KAssets 2022: $6,553Liabilities 2022: $22,695Net Assets 2022: -$16,1422022

Highlighted filing

2022

Assets$6,553
Liabilities$22,695
Net Assets-$16,142
Open 2022 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$40K$20K$0-$20KRevenue 2022: $10,000Expenses 2022: $26,142Net Income 2022: -$16,1422022

Highlighted filing

2022

Revenue$10,000
Expenses$26,142
Net Income-$16,142
Open 2022 Filing

Filings

Most recent year

2022 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$6,553
Liabilities
$22,695
Net assets
-$16,142
Revenue
$10,000
Expenses
$26,142
Net income
-$16,142
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022Detailed filing. Detailed filing data is available for this year.$6.55$22.7$16.1$10.0$26.1$16.1
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Nov 7, 2022 to Dec 31, 2022
Signed
Oct 26, 2023
Return Version
2022v5.0
Gross Receipts
$10,000
Mission and Program Overview

Mission

Promote advance of laboratory medicine

Program Services

DescriptionGrantsExpenses
EDUCATION-2023 US SUMMIT OF LABORATORY MEDICINE INNOVATIONS. MANY THOUGHT LEADERS AND MEDICAL PROFESSIONALS HAVE PARTICIPATED AND GIVEN SPEECH ON THE SUMMIT.$10,000$26,142
Compensation and Service Providers
Top Officer Pay81st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
JING CAOTreasurerPT$0--
JIAN CHENCo-ChairmanPT$0--
XIN YIChairwomanPT$0--
ZHEN ZHAOSecretaryPT$0--
Filing and Contact Details

Filer

Filer Name
Foundation for Laboratory Medicine Innovation
EIN
88-4288873
Address
5900 BALCONIES DR STE 100, Austin, TX 78731

Signing Officer

Name
Jing Cao
Title
Treasurer
Phone
7133848491
Signed
2023-10-26
Discuss with paid preparer
Yes

Preparer

Firm
Bq Accounting CPA Pc
Address
3808 UNION ST STE 8B, Flushing, NY 11354
Preparer
Bin Qu CPA
Phone
7188862776
Supplemental Narrative

Additional Explanations

Description of other expenses Part I line 16

“Description AmountAmortization from 4562 200Supplies 438Conference, Convention, Meeting 24,656Travel 248”

Description of other assets Part II line 24

“Category Beginning of Year End of YearOrganization Costs Net of A/A 0 2,800”

Description of total liabilities Part II line 26

“Category Beginning of Year End of YearAccounts Payable 0 19,095Accrued Expenses 0 600Loan from Directors 0 3,000”

Raw XML Appendix138 raw XML fields

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

Path#Value
IRS990EZ/ActivitiesNotPreviouslyRptInd0false
IRS990EZ/AddressChangeInd0X
IRS990EZ/ApplicationPendingInd0X
IRS990EZ/BooksInCareOfDetail/PersonNm0JING CAO
IRS990EZ/BooksInCareOfDetail/PhoneNum06122261386
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt06465 ALDRIDGE DR
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0Frisco
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0TX
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd075035
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt00
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt03753
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt010000
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt0-16142
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt0600
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt00
IRS990EZ/Form990TotalAssetsGrp/EOYAmt06553
IRS990EZ/GrossReceiptsAmt010000
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InitialReturnInd0X
IRS990EZ/LandAndBuildingsGrp/BOYAmt00
IRS990EZ/LandAndBuildingsGrp/EOYAmt00
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingAccrualInd0X
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0-16142
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt00
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0-16142
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt05.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt15.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt25.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt35.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0JING CAO
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1JIAN CHEN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2XIN YI
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3ZHEN ZHAO
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0TREASURER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1CO-CHAIRMAN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2CHAIRWOMAN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3SECRETARY
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt00
IRS990EZ/OtherAssetsTotalDetail/EOYAmt02800
IRS990EZ/OtherExpensesTotalAmt025542
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0PROMOTE ADVANCE OF LABORATORY MEDICINE
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0EDUCATION-2023 US SUMMIT OF LABORATORY MEDICINE INNOVATIONS. MANY THOUGHT LEADERS AND MEDICAL PROFESSIONALS HAVE PARTICIPATED AND GIVEN SPEECH ON THE SUMMIT.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt010000
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt026142
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt00
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt022695
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt026142
IRS990EZ/TotalProgramServiceExpensesAmt026142
IRS990EZ/TotalRevenueAmt010000
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0www.labmedinnovation.org
IRS990ScheduleA/First5Years509Ind0X
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt010000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt010000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportTotal509Amt010000
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt010000
IRS990ScheduleA/Total509Grp/TotalAmt010000
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt010000
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt010000
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Description AmountAmortization from 4562 200Supplies 438Conference, Convention, Meeting 24,656Travel 248
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Category Beginning of Year End of YearOrganization Costs Net of A/A 0 2,800
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Category Beginning of Year End of YearAccounts Payable 0 19,095Accrued Expenses 0 600Loan from Directors 0 3,000
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Description of other expenses Part I line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Description of other assets Part II line 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Description of total liabilities Part II line 26
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL2
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/OOBSecurityVerificationCd000
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JING CAO
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum07133848491
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-10-26
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FOUNDATION FOR LABORATORY MEDICINE INNOVATION
ReturnHeader/Filer/BusinessNameControlTxt0FOUN
ReturnHeader/Filer/EIN0884288873
ReturnHeader/Filer/USAddress/AddressLine1Txt05900 BALCONIES DR STE 100
ReturnHeader/Filer/USAddress/CityNm0Austin
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd078731
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0842618070
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BQ ACCOUNTING CPA PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt03808 UNION ST STE 8B
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Flushing
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd011354
ReturnHeader/PreparerPersonGrp/PhoneNum07188862776
ReturnHeader/PreparerPersonGrp/PreparationDt02023-11-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0BIN QU CPA
ReturnHeader/ReturnTs02023-11-15T16:49:10-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0JING
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0CAO
ReturnHeader/TaxPeriodBeginDt02022-11-07
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

Document Assets

No mirrored PDF or thumbnail assets are attached yet.