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Nonprofiteer
← QUALTEX LABORATORIES

Form 990 for tax year 2024

Filed by QUALTEX LABORATORIES.

Totals

Total revenue
$128,419,177
Total expenses
$108,756,434
Contributions and grants received
$0
Grants paid
$20,000
Program service revenue
$126,767,634
Investment income
-$32,620
Other revenue
$1,684,163
Total assets, end of year
$117,981,131
Total liabilities, end of year
$22,116,099
Net assets or fund balances, end of year
$95,865,032
Program services expenses (Part IX)
$94,488,336
Management and general expenses
$14,268,098
Fundraising expenses
$0
Program service expenses (Part III)
$94,488,336

Program services were 86.9% 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
    $476,889
    From this org
    $436,886
    From related orgs
    $0
    Other
    $40,003
    Hours/week
    49 + 1 related

    Schedule J breakdown matched by us

    Base
    $298,236
    Bonus
    $133,618
    Other
    $5,032
    Deferred
    $17,057
    Nontaxable benefits
    $22,946
    Filer's total
    $476,889

  • GEOFFREY KINDT

    Gen. Manager, Lab. Operations (eff. 11/03/2024)

    Total calculated
    $374,356
    From this org
    $28,837
    From related orgs
    $260,606
    Other
    $84,913
    Hours/week
    50 + 50 related

    Schedule J breakdown matched by us

    Base
    $28,364 + $215,573 related
    Bonus
    $0 + $42,706 related
    Other
    $473 + $2,327 related
    Deferred
    $1,730 + $16,023 related
    Nontaxable benefits
    $32,719 + $34,441 related
    Filer's total
    $63,286 + $311,070 related

  • DELIA TERESA SANCHEZ-WATKINS

    EXECUTIVE DIRECTOR, SALES (EFF. 11/03/2024)

    Total calculated
    $277,957
    From this org
    $243,643
    From related orgs
    $0
    Other
    $34,314
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $201,573
    Bonus
    $40,000
    Other
    $2,070
    Deferred
    $15,078
    Nontaxable benefits
    $19,236
    Filer's total
    $277,957

  • Falisha Atwell

    Sr. Director, Laboratory Services

    Total calculated
    $237,202
    From this org
    $207,271
    From related orgs
    $0
    Other
    $29,931
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $175,112
    Bonus
    $30,000
    Other
    $2,159
    Deferred
    $12,771
    Nontaxable benefits
    $17,160
    Filer's total
    $237,202

  • JOSE RAUL GARCIA

    VICE PRESIDENT, CLIENT RELATIONSHIPS

    Total calculated
    $305,356
    From this org
    $269,484
    From related orgs
    $0
    Other
    $35,872
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $215,191
    Bonus
    $50,000
    Other
    $4,293
    Deferred
    $16,602
    Nontaxable benefits
    $19,270
    Filer's total
    $305,356

  • MICHAEL LINDENBAUM

    MANAGER, INSIDE SALES (THRU 06/01/2024)

    Total calculated
    $251,560
    From this org
    $232,533
    From related orgs
    $0
    Other
    $19,027
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $111,117
    Bonus
    $15,858
    Other
    $105,558
    Deferred
    $7,825
    Nontaxable benefits
    $11,202
    Filer's total
    $251,560

  • Veronica Orellana

    Sr. Director, Qualtex Customer Operations

    Total calculated
    $222,765
    From this org
    $187,339
    From related orgs
    $0
    Other
    $35,426
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $185,820
    Bonus
    $0
    Other
    $1,519
    Deferred
    $6,107
    Nontaxable benefits
    $29,319
    Filer's total
    $222,765

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
2024
Filed
14 November 2025
IRS schema version
2024v5.1
Source object
202533189349312248

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