Georgia Biosciences Organization Inc
Nonprofit profile at a glance
- EIN
- 273855537
- IRS 990 coverage
- 2023–2024
- Forms available
- Form 990 2024, Form 990-EZ 2017, Form 990-N 2022
- Location
- Atlanta, GA, USA
- Phone
- 4042210617
- Rating confidence
- Limited
- Sector
- Chambers of Commerce & Business Leagues
Reported finances
- Revenue
- $1,667,338
- Expenses
- $1,511,410
- Assets
- $405,363
- Liabilities
- $141,973
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
15 people listed
Executive titles in this filing
- MARIA THACKER GOETHE MPH (PRESIDENT/CEO)
Highest reported compensation
- MARIA THACKER GOETHE MPH (PRESIDENT/CEO): $48,462 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The mission of Georgia biosciences organization is to advance the life sciences industry in Georgia by promoting innovation, workforce development, and public understanding of its impact on the economy, health, and quality of life. The organization educates policymakers, fosters collaboration among industry, academia, and government, and supports initiatives that strengthen Georgia's leadership in biotechnology, medical technology, and biomanufacturing.
What it reported doing in 2024
Georgia biosciences organization carries out initiatives in education and workforce development to align Georgia's current and future workforce with the needs of its life sciences industry. Programming connects education and career pathway development with Georgia's work ready framework and places it in an industry focused context led by a statewide network of employers, educators, and partners.activities include career awareness programs, curriculum development, teacher trainings, mentoring, and collaborative solutions design. With support from the state of Georgia, Georgia biosciences organization continued its teacher training program in 2024, serving educators across more than 30 counties. In 2024, 202 teachers were trained, reaching an estimated 105,729 students. To date, more than 861 teachers have been trained, reaching over 277,000 students statewide.Georgia biosciences organization also operates an equipment depot to support stem education by providing free lab supplies and equipment to classrooms throughout the state, with more than $421,029 in supplies and equipment distributed in 2024. Additionally, Georgia biosciences organization leads a national science foundation funded initiative to operate and scale the biotechnician assistant credentialing exam (bace) program, expanding industry-recognized credentials and workforce readiness across Georgia.
Operating model
- Revenue model
- Earned-program. 75% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 77
- Accountability: 91
- Sustainability: 41
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 92.9%; rating input score 93; 19th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: 50%; rating input score 50; 29th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 93.3%; rating input score 93; 25th percentile among comparable filings
- Governance controls: 7 of 8 controls in place; rating input score 88
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Fail
- CEO compensation review process: Pass
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 9.4%; rating input score 60; 60th percentile among comparable filings
- Total-asset coverage ratio: 0.27; rating input score 12; 12th percentile among comparable filings
- Liabilities to assets ratio: 0.35; rating input score 22; 22nd percentile among comparable filings
- Officer compensation ratio: 3.2%; rating input score 57; 57th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 30.4% per year; rating input score 100; 92nd percentile among comparable filings
- Asset growth: 32.5% per year; rating input score 100; 92nd percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 14 of 15 board members independent · 7 of 8 filing controls reported
- Programs: 4 filed program accomplishments
- Leadership: top reported pay $48K · 15 people listed
- Consistency: 14 of 15 current checks pass · 1 finding to review
- Schedules: 6 filed schedules · includes major donors and grants
- Filing history: 2 filing years from 2023 to 2024
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Transparency & Controls: Grant itemization coverage scored 50/100.
- High — Sustainability: Total-asset coverage ratio scored 12/100.
- Review — Transparency & Controls: Foreign grants require schedule f did not reconcile in the filed values.
- Review — Accountability: Governance controls: Document-retention policy not reported.
- High — Sustainability: Liabilities to assets ratio scored 22/100.
- Review — Sustainability: Officer compensation ratio scored 57/100.