2025-11-17T11:13:55-06:00 2024-12-31 350921680 CROWE LLP 401 E LAS OLAS BLVD SUITE 1100 FORT LAUDERDALE FL 333014230 990 2024-01-01 273855537 GEORGIA BIOSCIENCES ORGANIZATION INC GEOR 4042210617 8607 ROBERTS DRIVE 250 ATLANTA GA 30350 MARIA THACKER GOETHE PRESIDENT 4042210617 2025-11-17 1 0 BRITTNEY KOCAJ P01320603 9542028600 2025-11-14 2024 2025-03-06 01:10:19Z GEORGIA LIFE SCIENCES MARIA THACKER GOETHE MPH 8607 ROBERTS DRIVE 250 ATLANTA GA 30350 1667338 0 X WWW.GALIFESCIENCES.ORG X 2010 GA THE MISSION OF THE 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. 15 14 7 34 0 0 134225 418274 115028 1249064 0 0 0 0 249253 1667338 0 235984 0 0 14369 327054 0 0 0 102650 948372 117019 1511410 132234 155928 266854 405363 134620 141973 132234 263390 X 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. 0 0 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. GEORGIA BIOSCIENCES ORGANIZATION SERVES AS THE UNIFIED VOICE FOR GEORGIA'S BIOTECHNOLOGY, MEDICAL TECHNOLOGY, PHARMACEUTICAL, AND DIGITAL HEALTH SECTORS.THE ORGANIZATION EDUCATES POLICYMAKERS ABOUT THE INDUSTRY'S CONTRIBUTIONS TO GEORGIA'S ECONOMY, JOB GROWTH, AND PUBLIC HEALTH, AND ADVOCATES FOR POLICIES THAT STRENGTHEN INNOVATION, RESEARCH, AND ADVANCED MANUFACTURING ACROSS THE STATE.THROUGH COLLABORATION WITH STATE AND FEDERAL PARTNERS, GEORGIA BIOSCIENCES ORGANIZATION PROVIDES STRATEGIC INPUT ON LEGISLATION, FUNDING, AND REGULATORY INITIATIVES, ENSURING THAT GEORGIA REMAINS A COMPETITIVE DESTINATION FOR LIFE SCIENCES COMPANIES. THE ORGANIZATION ALSO CONVENES PUBLICPRIVATE WORKING GROUPS, LEGISLATIVE FORUMS, AND POLICY ROUNDTABLES TO INFORM DECISION-MAKERS AND ADVANCE PRO-INNOVATION POLICIES. GEORGIA BIOSCIENCES ORGANIZATION BUILDS PARTNERSHIPS AMONG INDUSTRY, ACADEMIA, GOVERNMENT, AND COMMUNITY ORGANIZATIONS TO FOSTER INNOVATION AND COLLABORATION. SIGNATURE EVENTS SUCH AS THE GEORGIA LIFE SCIENCES SUMMIT, PATIENT FORUM, THOUGHT LEADERS SERIES, AND THE GOLDEN HELIX AWARDS SHOWCASE THE STATE'S SCIENTIFIC LEADERSHIP, RECOGNIZE EXCELLENCE, AND CONNECT STAKEHOLDERS ACROSS THE INNOVATION ECOSYSTEM.THE ORGANIZATION ALSO COLLABORATES WITH CHAMBERS OF COMMERCE, EDUCATIONAL INSTITUTIONS, AND LOCAL GOVERNMENTS THROUGH INITIATIVES LIKE BIOREADY COMMUNITIES, WHICH HELPS CITIES AND COUNTIES PREPARE FOR LIFE SCIENCES INVESTMENT AND JOB CREATION. THESE EFFORTS STRENGTHEN GEORGIA'S LIFE SCIENCES ECOSYSTEM AND DRIVE EQUITABLE ACCESS TO OPPORTUNITIES STATEWIDE. GEORGIA BIOSCIENCES ORGANIZATION PROVIDES PROGRAMS AND SERVICES THAT SUPPORT ITS MEMBER ORGANIZATIONS AND STRENGTHEN THE STATE'S INNOVATION NETWORK. THESE INCLUDE PROFESSIONAL DEVELOPMENT EVENTS, NETWORKING FORUMS, AND COMMUNICATIONS PLATFORMS THAT HIGHLIGHT MEMBER ACHIEVEMENTS AND SHARE BEST PRACTICES.THROUGH THE GEORGIA BIOSCIENCES ORGANIZATION PODCAST, NEWSLETTERS,WEBSITE, AND SOCIAL MEDIA, AND MEDIA PARTNERSHIPS, THE ORGANIZATION AMPLIFIES THE VOICES OF GEORGIA'S LIFE SCIENCES LEADERS AND PROMOTES THE INDUSTRY'S ROLE IN IMPROVING HEALTH, DRIVING INNOVATION, AND EXPANDING ECONOMIC OPPORTUNITY. 0 1 0 1 0 0 0 0 0 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 1 25 0 1 7 1 0 0 0 0 1 1 0 0 0 X 15 14 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 0 0 GA X MARIA THACKER GOETHE MPH 4042210617 8607 ROBERTS DRIVE ATLANTA GA 30350 MARIA THACKER GOETHE MPH PRESIDENT/CEO 40.00 0.00 X X 48462 0 0 STEVEN DAMON BOARD CHAIRMAN 1.00 0.00 X X 0 0 0 DAVE PENAKE VICE CHAIRMAN 1.00 0.00 X X 0 0 0 AVI ROBBINS GOVERNANCE CHAIR 1.00 0.00 X X 0 0 0 CINDY EDGE DIRECTOR 1.00 0.00 X 0 0 0 JAYNE MORGAN DIRECTOR 1.00 0.00 X 0 0 0 BILL WARREN DIRECTOR 1.00 0.00 X 0 0 0 E JANE CARAWAY DIRECTOR 1.00 0.00 X 0 0 0 EDDIE LAI DIRECTOR 1.00 0.00 X 0 0 0 SHAY FOLEY DIRECTOR 1.00 0.00 X 0 0 0 MARK BOUZYK DIRECTOR 1.00 0.00 X 0 0 0 MARCUS DOWNS DIRECTOR 1.00 0.00 X 0 0 0 HEATHER MULLINS DIRECTOR 1.00 0.00 X 0 0 0 CHRISTOPHER MCKINNEY DIRECTOR 1.00 0.00 X 0 0 0 MARY ALBERTSON DIRECTOR 1.00 0.00 X 0 0 0 48462 0 0 0 0 0 0 0 418274 418274 418274 MEMBERSHIP DUES 611710 762019 762019 PROGRAM REVENUE 611710 278865 278865 GRANTS 900099 208180 208180 1249064 1667338 1249064 0 0 X 232159 3825 48462 248580 5210 24802 80 15724 214389 69774 31486 45041 40091 23647 3480 FEDERAL GRANTS 318219 PROGRAM EXPENSES 178367 PROGRAM SUPPLIES 4910 OTHER 3164 1511410 37499 50481 119903 7901 109452 295567 0 51414 266854 405363 71236 39794 52450 63384 49729 134620 141973 X 132234 263390 132234 263390 266854 405363 X 155928 -24772 X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 0 OPERATING LEASE RIGHT OF USE ASSET 51414 51414 OPERATING LEASE LIABILITY 49729 49729 X 1667338 0 1667338 0 1667338 1536182 24772 24772 1511410 0 1511410 PART X, LINE 2: THE ORGANIZATION QUALIFIES AS A TAX-EXEMPT ENTITY AS DESCRIBED IN INTERNAL REVENUE CODE SECTION 501(C)(6). THE ORGANIZATION ONLY RECOGNIZES THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN IF THE TAX POSITION IS MORE LIKELY THAN NOT TO BE SUSTAINED UPON AN EXAMINATION, BASED ON THE TECHNICAL MERITS OF THE POSITION. MANAGEMENT HAS ANALYZED TAX POSITIONS TAKEN FOR FILINGS WITH THE INTERNAL REVENUE SERVICE AND ALL STATE JURISDICTIONS WHERE THE ORGANIZATION OPERATES. MANAGEMENT BELIEVES THAT INCOME TAX FILING POSITIONS WOULD BE SUSTAINED UPON EXAMINATION AND DOES NOT ANTICIPATE THAT ANY ADJUSTMENTS WOULD RESULT IN A MATERIAL ADVERSE EFFECT ON THE ORGANIZATION'S FINANCIAL CONDITION, RESULTS OF ACTIVITIES OR CASH FLOWS. ACCORDINGLY, THE ORGANIZATION HAS NOT RECORDED ANY RESERVES, OR RELATED ACCRUALS FOR INTEREST AND PENALTIES, FOR UNCERTAIN INCOME TAX POSITIONS AT DECEMBER 31, 2024. THE ORGANIZATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS IN PROGRESS FOR ANY TAX PERIODS DATING BACK TO THE PERIOD ENDED DECEMBER 31, 2021. PART XII, LINE 2D - OTHER ADJUSTMENTS: ALLOWANCE FOR CREDIT LOSSES 1 GEORGIA LIFE SCIENCES 8607 ROBERTS DRIVE 250 ATLANTA GA 30350 273855537 0 232159 FMV LABORATORY EQUIPMENT AND SUPPLIES SUPPORT STEM AND LIFE SCIENCES EDUCATION 0 1 PART I, LINE 2: AMOUNTS REPORTED ARE THE FMV OF DONATIONS RECEIVED THROUGH THE GEORGIA LIFE SCIENCES EQUIPMENT DEPOT PROGRAM THAT WERE SUBSEQUENTLY DISTRIBUTED TO EDUCATIONAL INSTITUTIONS AND NONPROFIT TRAINING PARTNERS. X LABORATORY EQUIPMENT AND SUPPLIES 26 418274 FMV 0 0 0 PART I, COLUMN (B): THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTORS. FORM 990, PART VI, SECTION B, LINE 11B EACH MEMBER OF THE BOARD OF DIRECTORS IS PROVIDED WITH A COPY OF THE COMPLETED FORM 990 FOR REVIEW PRIOR TO ELECTRONIC FILING. THE PRESIDENT AND CEO, IN COORDINATION WITH THE TREASURER AND FINANCE COMMITTEE, PRESENTS THE RETURN TO THE BOARD FOR DISCUSSION DURING A SCHEDULED MEETING OR VIA REMOTE PARTICIPATION. BOARD MEMBERS ARE INVITED TO ASK QUESTIONS, AND RESPONSES ARE PROVIDED BY THE PRESIDENT/CEO, TREASURER, OR OTHER APPROPRIATE STAFF OR ADVISORS BEFORE SUBMISSION. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY IS CLOSELY MONITORED FOR EFFECTIVENESS. FORM 990, PART VI, SECTION B, LINE 15A TO ESTABLISH APPROPRIATE AND REASONABLE COMPENSATION, THE ORGANIZATION CONDUCTED AN INFORMAL SALARY BENCHMARKING PROCESS BY GATHERING DATA FROM APPROXIMATELY TEN PEER LIFE-SCIENCE AND BIOSCIENCE ASSOCIATIONS ACROSS THE COUNTRY, WITH A PARTICULAR FOCUS ON ORGANIZATIONS LOCATED IN THE SOUTHEAST REGION. THIS BENCHMARKING FOCUSED ON COMPARABLE ROLES, ORGANIZATIONAL BUDGETS, AND GEOGRAPHIC CONSIDERATIONS TO ENSURE ALIGNMENT WITH INDUSTRY STANDARDS AND BEST PRACTICES. THE BENCHMARKING RESULTS WERE PROVIDED TO THE EXECUTIVE COMMITTEE AND THEN SHARED WITH THE FULL BOARD OF DIRECTORS. THEY REVIEWED THE DATA, DISCUSSED RECOMMENDATIONS, AND ESTABLISHED A PROPOSED COMPENSATION AMOUNT. THE FINAL CEO COMPENSATION FOR 2024 WAS FORMALLY REVIEWED, APPROVED, AND VOTED ON BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST BY DONORS AND/OR THE GENERAL PUBLIC, GEORGIA BIOSCIENCES ORGANIZATION PROVIDES THE REQUESTED INFORMATION FOR THE ABOVE STATED DOCUMENTS. FORM 990, PART IX, LINE 11G PROFESSIONAL FEES 214,389. FORM 990, PART XI, LINE 9: ALLOWANCE FOR CREDIT LOSSES -24,772.