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Nonprofiteer
← QUALTEX LABORATORIES

Form 990 for tax year 2023

Filed by QUALTEX LABORATORIES.

Totals

Total revenue
$129,431,734
Total expenses
$111,646,134
Contributions and grants received
$0
Grants paid
$20,000
Program service revenue
$127,410,970
Investment income
$18
Other revenue
$2,020,746
Total assets, end of year
$92,500,826
Total liabilities, end of year
$16,250,311
Net assets or fund balances, end of year
$76,250,515
Program services expenses (Part IX)
$97,405,138
Management and general expenses
$14,240,996
Fundraising expenses
$0
Program service expenses (Part III)
$97,405,138

Program services were 87.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • BIOBRIDGE GLOBAL

    SOLE MEMBER

    Total calculated
    $0
    Hours/week
    1 + 3 related
  • MARK EDWARD FITE

    COO

    Total calculated
    $434,062
    From this org
    $401,925
    From related orgs
    $0
    Other
    $32,137
    Hours/week
    49 + 1 related

    Schedule J breakdown matched by us

    Base
    $293,400
    Bonus
    $90,952
    Other
    $17,573
    Deferred
    $16,686
    Nontaxable benefits
    $15,450
    Filer's total
    $434,061
  • DELIA TERESA SANCHEZ-WATKINS

    EXECUTIVE DIRECTOR, LABORATORY SERVICES

    Total calculated
    $226,562
    From this org
    $202,089
    From related orgs
    $0
    Other
    $24,473
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $178,423
    Bonus
    $21,646
    Other
    $2,021
    Deferred
    $12,383
    Nontaxable benefits
    $12,089
    Filer's total
    $226,562
  • AMANDA WHITELONIS

    SR. DIRECTOR, QUALTEX CUST OPS (effective 11/05/23)

    Total calculated
    $185,742
    From this org
    $18,924
    From related orgs
    $147,680
    Other
    $19,138
    Hours/week
    50 + 50 related

    Schedule J breakdown matched by us

    Base
    $18,624 + $133,563 related
    Bonus
    $0 + $13,122 related
    Other
    $299 + $995 related
    Deferred
    $1,139 + $8,913 related
    Nontaxable benefits
    $8,250 + $836 related
    Filer's total
    $28,313 + $157,429 related
  • AMY SUE RYALL

    DIRECTOR, CUSTOMER OPS

    Total calculated
    $188,838
    From this org
    $171,848
    From related orgs
    $0
    Other
    $16,990
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $118,988
    Bonus
    $15,820
    Other
    $37,040
    Deferred
    $9,250
    Nontaxable benefits
    $7,739
    Filer's total
    $188,837
  • GEOFFREY KINDT

    VP, Operational Support (through 01/29/23)

    Total calculated
    $301,303
    From this org
    $47,671
    From related orgs
    $211,559
    Other
    $42,073
    Hours/week
    50 + 50 related

    Schedule J breakdown matched by us

    Base
    $24,961 + $208,882 related
    Bonus
    $22,539
    Other
    $171 + $2,677 related
    Deferred
    $1,698 + $11,183 related
    Nontaxable benefits
    $236 + $28,956 related
    Filer's total
    $49,605 + $251,698 related
  • JOSE RAUL GARCIA

    VICE PRESIDENT, SALES

    Total calculated
    $298,751
    From this org
    $261,603
    From related orgs
    $0
    Other
    $37,148
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $222,593
    Bonus
    $36,000
    Other
    $3,010
    Deferred
    $16,125
    Nontaxable benefits
    $21,022
    Filer's total
    $298,751
  • MICHAEL LINDENBAUM

    MANAGER, INSIDE SALES

    Total calculated
    $249,567
    From this org
    $215,861
    From related orgs
    $0
    Other
    $33,706
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $197,794
    Bonus
    $11,103
    Other
    $6,964
    Deferred
    $12,128
    Nontaxable benefits
    $21,577
    Filer's total
    $249,567

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

  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings

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
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation
THE ORGANIZATION RELIED ON BIOBRIDGE GLOBAL'S PROCESS THAT USED ONE OR MORE OF THE METHODS LISTED IN SCHEDULE J, PART 1, LINE 3 TO ESTABLISH THE TOP MANAGEMENT OFFICIAL'S COMPENSATION. THE PROCESS OF DETERMINING THE TOP MANAGEMENT COMPENSATION IS DISCLOSED ON THEIR FORM 990.
Schedule J, Part I, Line 6a Compensation contingent on net earnings of the organization
THE ORGANIZATION RELIED ON BIOBRIDGE GLOBAL'S PROCESS OF DETERMINING THE COMPENSATION CONTINGENT ON THE ORGANIZATION'S EARNINGS. THE PROCESS IS DISCLOSED ON THEIR FORM 990.
Schedule J, Part I, Line 6b Compensation contingent on net earnings of a related organization
THE ORGANIZATION RELIED ON BIOBRIDGE GLOBAL'S PROCESS OF DETERMINING THE COMPENSATION CONTINGENT ON THE ORGANIZATION'S EARNINGS. THE PROCESS IS DISCLOSED ON THEIR FORM 990.

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

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.

Provenance

Return type
form_990
Tax year
2023
Filed
15 November 2024
IRS schema version
2023v5.1
Source object
202433199349318963

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