T3 Labs
- Assets
- $12.9m
- Revenue
- $9.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Atlanta, GA
- Founding
- 09/2018
- Data as of
- 06/2023
- EIN
- 80-0079841
Organization Overview
T3 Labs is located in Atlanta, GA. The organization was established in 2018. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. T3 Labs is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2023, T3 Labs generated $9.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.5% each year. All expenses for the organization totaled $10.1m during the year ending 06/2023. While expenses have increased by 5.3% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE HIGH-VALUE PRECLINICAL TESTING AND TRAINING SERVICES TO MEDICAL DEVICE, BIOLOGICS, AND PHARMACEUTICAL DEVELOPERS AND MANUFACTURERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRECLINICAL TESTING AND TRAINING SERVICES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chaouki Abdallah Director | Trustee | 1 | $0 |
Andres J Garcia Director | Trustee | 1 | $0 |
Sherry Farrugia CEO | Officer | 40 | $0 |
Jeffrey White COO | Officer | 40 | $0 |
Robert Foy Treasurer | Officer | 5 | $0 |
Machelle Pardue Former Direc | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $9,200,161 |
| Investment income | $16,595 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,216,756 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,691,305 |
| Pension plan accruals and contributions | $509,463 |
| Other employee benefits | $396,895 |
| Payroll taxes | $245,960 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,155 |
| Fees for services: Accounting | $17,201 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,212,337 |
| Advertising and promotion | $43,827 |
| Office expenses | $106,051 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $974,557 |
| Travel | $51,360 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $67,659 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $742,538 |
| Insurance | $0 |
| All other expenses | $80,422 |
| Total functional expenses | $10,121,975 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $633,372 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,314,677 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $122,668 |
| Prepaid expenses and deferred charges | $82,474 |
| Net Land, buildings, and equipment | $6,776,298 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,940,931 |
| Total assets | $12,870,420 |
| Accounts payable and accrued expenses | $3,705,047 |
| Grants payable | $0 |
| Deferred revenue | $664,336 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $796,409 |
| Other liabilities | $3,463,013 |
| Total liabilities | $8,628,805 |
| Net assets without donor restrictions | $4,241,615 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $12,870,420 |