GENOMICS ORGANIZATION FOR ACADEMIC LABORATORIES

EIN: 853066920 501(c)(3) Human Services

WILMINGTON, DE

Total Revenue
$139,261
Total Expenses
$181,723
Total Assets
$892,875
Net Assets
$720,089
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2020
Legal Domicile
DC
Principal Officer
MELVIN LIMSON
Phone
3026604944
Tax Period
2024-01-01 to 2024-12-31

GENOMICS ORGANIZATION FOR ACADEMIC LABORATORIES, founded in 2020, is a small nonprofit in the Human Services sector that reported $139K in total revenue in fiscal year 2024. Revenue surged 38% from the prior year, signaling strong growth momentum. Expenses of $182K exceeded revenue, resulting in a 30% operating deficit.

Mission

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.

Program Service Accomplishments

Program 1
Expenses: $16,584 Revenue: $0

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...

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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. THE ANNUAL MEETING PROVIDES OPPORTUNITIES FOR VENDORS TO BE RECOGNIZED, PROMOTE THEIR PRODUCTS AND SERVICES, AND TO INTERACT WITH ATTENDEES.

Program 2
Expenses: $65,818 Revenue: $65,818

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...

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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. TWELVE MEMBER LABS THAT QUALIFIED WERE POTENTIALLY INTERESTED IN CHARACTERIZING THE METHODS OF TESTING AND ANALYSIS OF VARIOUS MUTATIONS (BIOMARKERS) IN NON-SMALL CELL LUNG CANCER CASES THAT WILL BE RETROSPECTIVELY COMPILED AND ANALYZED IN AGGREGATE AMONG THE QUALIFYING LABORATORIES. PROTOCOL DEVELOPMENT WAS INITIATED BY TWO PRINCIPAL RESEARCH INVESTIGATORS WITH THE GOAL OF IMPLEMENTING THE RESEARCH IN 2023.

Program 3
Revenue: $44,510

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...

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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 PURCHASING POWER IN COST-SHARING FOR BULK PURCHASES, AS WELL AS ACCESS TO NEGOTIATED DISCOUNTS FROM VENDORS AND SUPPLIERS, AND (3)ENGAGEMENT AND COLLABORATION OPPORTUNITIES IN RESEARCH AND ACADEMIC PROJECTS THAT LEAD TO SCHOLARLY WORK.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $110,328
Investment Income $27,688
Other Revenue $1,245
TOTAL REVENUE $139,261

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $90,844
Other Expenses $181,723
TOTAL EXPENSES $181,723

Year-over-Year Comparison

2024 2023 Change
Revenue $139,261 $101,280 +0.4%
Expenses $181,723 $193,594 -0.1%
Net Income $-42,462 $-92,314 -0.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
5
Independent Members
5
Employees
N/A
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JEREMY SEGAL MD PHD PRESIDENT 4.00
Officer Director
$0 $0 $0
DANIEL JONES MD PHD SECY/TREASURER 2.00
Officer Director
$0 $0 $0
DARA AISNER MD PHD CHAIR 4.00
Officer Director
$0 $0 $0
JENNIFER MORRISSETTE PHD CHAIR ACADEMIC ADVISORY CM 2.00
Officer Director
$0 $0 $0
CHRISTOPHER GOCKE MD MEMBER-AT-LARGE 2.00
Director
$0 $0 $0
MELVIN LIMSON PHD MEMBER-AT-LARGE 2.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 $139,261 $181,723 $892,875 $-42,462
2023 $101,280 $193,594 $978,394 $-92,314
2022 $37,580 $142,518 $1,148,657 $-104,938
2021 $1,048,000 $88,508 $962,242 $959,492
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