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Nonprofiteer
← T3 LABS

Form 990 for tax year 2023

Filed by T3 LABS.

Totals

Total revenue
$7,061,113
Total expenses
$11,272,554
Contributions and grants received
$2,935,579
Grants paid
$0
Program service revenue
$4,111,097
Investment income
$14,437
Other revenue
$0
Total assets, end of year
$30,174
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$30,174
Program services expenses (Part IX)
$4,216,242
Management and general expenses
$7,056,312
Fundraising expenses
$0
Program service expenses (Part III)
$4,216,242

Program services were 37.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1d · Related organizations

    $2,543,178

  • 1f · All other contributions, gifts and grants

    $392,401

  • 2a · Program service revenue: PRECLINICAL RESEARCH SERVICES

    total $4,111,097 · related or exempt $4,111,097

  • 3 · Investment income

    total $14,437 · excluded $14,437

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $1,594,914 · program services $1,228,539 · management and general $366,375

  • 8 · Pension plan contributions

    total $226,235 · program services $173,652 · management and general $52,583

  • 9 · Other employee benefits

    total $179,562 · program services $137,828 · management and general $41,734

  • 10 · Payroll taxes

    total $109,586 · program services $84,116 · management and general $25,470

  • 11b · Fees: legal

    total $190,498 · management and general $190,498

  • 11g · Fees: other

    total $1,130,131 · program services $1,091,459 · management and general $38,672

  • 12 · Advertising and promotion

    total $15,500 · management and general $15,500

  • 13 · Office expenses

    total $7,569 · program services $2,761 · management and general $4,808

  • 16 · Occupancy

    total $533,167 · program services $409,948 · management and general $123,219

  • 17 · Travel

    total $21,936 · management and general $21,936

  • 20 · Interest

    total $25,938 · management and general $25,938

  • 22 · Depreciation, depletion and amortization

    total $356,486 · program services $243,044 · management and general $113,442

  • 23 · Insurance

    total $40,031 · program services $27,221 · management and general $12,810

  • 24a · Other expenses: FULL ASSET SALE

    total $5,906,823 · management and general $5,906,823

  • 24b · Other expenses: MATERIALS & SUPPLIES

    total $550,430 · program services $527,859 · management and general $22,571

  • 24c · Other expenses: MAINTENANCE & REPAIR

    total $191,646 · program services $130,660 · management and general $60,986

  • 24d · Other expenses: SURGICAL

    total $107,685 · program services $107,685

  • 24e · All other expenses

    total $84,417 · program services $51,470 · management and general $32,947

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $633,372 · end of year $30,174

  • 4 · Accounts receivable

    beginning of year $2,314,677

  • 8 · Inventories for sale or use

    beginning of year $122,668

  • 9 · Prepaid expenses and deferred charges

    beginning of year $82,474

  • 10c · Land, buildings and equipment, net

    beginning of year $6,776,298

  • 15 · Other assets

    beginning of year $2,940,931

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,705,047

  • 19 · Deferred revenue

    beginning of year $664,336

  • 24 · Unsecured notes and loans payable

    beginning of year $796,409

  • 25 · Other liabilities

    beginning of year $3,463,013

  • 27 · Net assets without donor restrictions

    beginning of year $4,241,615 · end of year $30,174

Mission and programs · 2023

Mission

TO PROVIDE HIGH-VALUE PRECLINICAL TESTING AND TRAINING SERVICES TO MEDICAL DEVICE, BIOLOGICS, AND PHARMACEUTICAL DEVELOPERS AND MANUFACTURERS.

  • PRECLINICAL TESTING AND TRAINING SERVICES.

    Expenses $4,216,242 · Revenue $4,111,097

As filed on the 2023 return.

Listed in Part VII

  • CHAOUKI ABDALLAH

    DIRECTOR

    Total calculated
    $535,710
    From this org
    $0
    From related orgs
    $441,195
    Other
    $94,515
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    not reported + $434,895 related
    Bonus
    not reported
    Other
    not reported + $6,300 related
    Deferred
    not reported + $62,739 related
    Nontaxable benefits
    not reported + $31,776 related
    Filer's total
    not reported + $535,710 related

  • ANDRES J GARCIA

    DIRECTOR

    Total calculated
    $437,724
    From this org
    $0
    From related orgs
    $378,244
    Other
    $59,480
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    not reported + $378,044 related
    Bonus
    not reported
    Other
    not reported + $200 related
    Deferred
    not reported + $30,492 related
    Nontaxable benefits
    not reported + $28,988 related
    Filer's total
    not reported + $437,724 related

  • SHERRY FARRUGIA

    CEO

    Total calculated
    $379,288
    From this org
    $0
    From related orgs
    $300,687
    Other
    $78,601
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    not reported + $300,687 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported + $61,139 related
    Nontaxable benefits
    not reported + $17,462 related
    Filer's total
    not reported + $379,288 related

  • JEFFREY WHITE

    COO/CFO

    Total calculated
    $364,797
    From this org
    $0
    From related orgs
    $311,432
    Other
    $53,365
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    not reported + $285,762 related
    Bonus
    not reported
    Other
    not reported + $25,670 related
    Deferred
    not reported + $24,187 related
    Nontaxable benefits
    not reported + $29,178 related
    Filer's total
    not reported + $364,797 related

  • ALYSSA PANITCH

    DIRECTOR

    Total calculated
    $288,037
    From this org
    $0
    From related orgs
    $244,569
    Other
    $43,468
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    not reported + $244,494 related
    Bonus
    not reported
    Other
    not reported + $75 related
    Deferred
    not reported + $23,285 related
    Nontaxable benefits
    not reported + $20,183 related
    Filer's total
    not reported + $288,037 related

  • ROBERT FOY

    TREASURER

    Total calculated
    $278,519
    From this org
    $0
    From related orgs
    $215,393
    Other
    $63,126
    Hours/week
    5 + 35 related

    Schedule J breakdown matched by us

    Base
    not reported + $197,365 related
    Bonus
    not reported
    Other
    not reported + $18,028 related
    Deferred
    not reported + $40,821 related
    Nontaxable benefits
    not reported + $22,305 related
    Filer's total
    not reported + $278,519 related

  • SAYLAN LUKAS

    INTERIM CEO

    Total calculated
    $223,477
    From this org
    $0
    From related orgs
    $179,418
    Other
    $44,059
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    not reported + $171,910 related
    Bonus
    not reported
    Other
    not reported + $7,508 related
    Deferred
    not reported + $16,722 related
    Nontaxable benefits
    not reported + $27,337 related
    Filer's total
    not reported + $223,477 related

  • ROGER MASON

    ASST. TREASU

    Total calculated
    $193,055
    From this org
    $0
    From related orgs
    $149,530
    Other
    $43,525
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $148,932 related
    Bonus
    not reported
    Other
    not reported + $598 related
    Deferred
    not reported + $30,865 related
    Nontaxable benefits
    not reported + $12,660 related
    Filer's total
    not reported + $193,055 related

  • CYNTHIA MARTIN

    ASST. TREASU

    Total calculated
    $188,574
    From this org
    $0
    From related orgs
    $141,951
    Other
    $46,623
    Hours/week
    12 + 28 related

    Schedule J breakdown matched by us

    Base
    not reported + $141,951 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported + $29,409 related
    Nontaxable benefits
    not reported + $17,214 related
    Filer's total
    not reported + $188,574 related

  • TANESHA STEWARD

    SECRETARY

    Total calculated
    $188,298
    From this org
    $0
    From related orgs
    $140,707
    Other
    $47,591
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    not reported + $140,707 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported + $29,334 related
    Nontaxable benefits
    not reported + $18,257 related
    Filer's total
    not reported + $188,298 related

  • WILBUR A LAM

    DIRECTOR

    Total calculated
    $7,500
    From this org
    $0
    From related orgs
    $7,500
    Other
    $0
    Hours/week
    1

  • ASHLEY CORNELISION

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • BOB CRUTCHFIELD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DAVID HARTNETT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ELIZABETH A KRUPINSKI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • RUSS MEDFORD

    DIRECTOR/ CH

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Assets distributed on this return

Schedule N, as filed: what the organization did with its assets when it liquidated or dissolved, or disposed of more than a quarter of them, and who received them. A recipient with an EIN is usually a successor organization; filers also list expenses such as legal fees here.

1 distribution to a recipient named as a person, $12,011,231. Counted where the filer named the recipient as a person, as filed. Who received them, and what, are not published.

Provenance

Return type
form_990
Tax year
2023
Filed
17 January 2025
IRS schema version
2023v6.0
Source object
202530179349301228

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