Global Genomics And Bioinformatics Research Institute is located in Fairfax, VA. The organization was established in 2019. According to its NTEE Classification (H92) the organization is classified as: Biomedicine & Bioengineering Research, under the broad grouping of Medical Research and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Global Genomics And Bioinformatics Research Institute 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 12/2021, Global Genomics And Bioinformatics Research Institute generated $4.0m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 11.4% each year . All expenses for the organization totaled $2.6m during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE RESEARCH INSTITUTE'S PRIMARY PURPOSE AND ACTIVITY IS SCIENTIFIC RESEARCH IN THE PUBLIC INTEREST.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE RESEARCH INSTITUTE IS A VIRGINIA NONPROFIT, NONSTOCK CORPORATION ORGANIZED FOR MEDICAL RESEARCH AND SCIENTIFIC PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE "CODE"). THE RESEARCH INSTITUTE IS A VISIONARY INITIATIVE OF ITS PRINCIPAL MEMBERS; INOVA HEALTH SYSTEM FOUNDATION, UNIVERSITY OF VIRGINIA AND GEORGE MASON UNIVERSITY, ALL PROMINENT TAX-EXEMPT ORGANIZATIONS, AND ALL OF WHICH ARE ORGANIZATIONS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND/OR STATE INSTRUMENTALITIES.THE COMMONWEALTH OF VIRGINIA HAS HELPED TO CATALYZE THE DEVELOPMENT OF THIS PUBLIC/PRIVATE PARTNERSHIP THROUGH FUNDING SUPPORT WITH KEY GOALS INCLUDING THE DEVELOPMENT OF CLINICAL SCIENCE APPLICATIONS THAT IMPROVE THE HEALTH OF VIRGINIANS, EXPANSION OF BIO-TECH DEVELOPMENT AND COMMERCIAL ACTIVITY IN VIRGINIA, AND CREATING A COLLABORATIVE PLATFORM THAT FACILITATES THE ABILITY OF VIRGINIA RESEARCH UNIVERSITIES AND COMMERCIAL PARTNERS TO PURSUE IMPACTFUL RESEARCH AND ATTRACT EMINENT RESEARCHERS.THE RESEARCH INSTITUTE'S PRIMARY PURPOSE AND ACTIVITY WILL CONTINUE TO BE THE ACTIVE SUPPORT OF SCIENTIFIC RESEARCH IN THE PUBLIC INTEREST IN CONJUNCTION WITH INOVA HEALTH CARE SERVICES, A SECTION 501(C)(3) HOSPITAL ORGANIZATION AND THE RESEARCH INSTITUTE'S ACADEMIC INSTITUTION MEMBERS. THE INSTITUTE'S EVOLVED RESEARCH MODEL IS MORE CLEARLY BASED ON POPULATION HEALTH SCIENCES AS ITS UNIFYING FOCUS, WHICH PROVIDES AN OPPORTUNITY FOR ACADEMIA, HEALTHCARE PROVIDERS, INDUSTRY AND GOVERNMENTAL AGENCIES TO WORK TOGETHER TO IMPROVE THE HEALTH OF OUR COMMUNITIES. THE PRINCIPAL MEMBERS HAVE AGREED THAT THE PRIMARY RESEARCH THEMES THE RESEARCH INSTITUTE WILL PURSUE WILL INCLUDE: CLINICAL RESEARCH INCLUDING CLINICAL TRIALS FOR MEDICATIONS, DEVICES, DIAGNOSTIC PROJECTS AND TREATMENTS; DATA SCIENCE RESEARCH THAT CAN LINK BIOLOGICAL, CLINICAL, RESEARCH, AND PUBLICLY AVAILABLE DATA TO SUPPORT THE DEVELOPMENT OF PRECISION METHODS FOR HEALTHCARE; COST EFFECTIVE PROCESSES AND PROMISING TECHNOLOGY INNOVATIONS; MEDICAL ENGINEERING AND TECHNOLOGY RESEARCH THAT CREATES INNOVATION IN TELEHEALTH, PREDICTIVE ALGORITHMS AND MORE; AND IMPLEMENTATION SCIENCES (ORGANIZATIONAL AND SYSTEMS ENGINEERING) TO ACT AS AN ACCELERANT TO MOVE DISCOVERY AND CLINICAL IMPROVEMENT TO BOTH URBAN AND RURAL POPULATIONS. PUBLIC HEALTH RESEARCH CREATES A PLATFORM THAT WILL LEVERAGE THE ASSETS OF THE PARTICIPATING MEMBERS AND CREATES BROADER OPPORTUNITY FOR STATE-WIDE COLLABORATIONS AMONG OTHER VIRGINIA RESEARCH UNIVERSITIES INCLUDING VIRGINIA COMMONWEALTH UNIVERSITY, VIRGINIA TECH, OLD DOMINION UNIVERSITY, AND WILLIAM AND MARY. THESE BROADER UNIVERSITY COLLABORATIONS WILL PROVIDE TRAINING OPPORTUNITIES FOR GRADUATE STUDENTS AND POSTDOCTORAL FELLOWS AND WILL BETTER ENABLE THE RESEARCH INSTITUTE TO ATTRACT THE BRIGHTEST RESEARCH MINDS.THE RESEARCH INSTITUTE'S RESEARCH RESULTS AND IDEAS WILL BE DISSEMINATED NATIONALLY AND INTERNATIONALLY THROUGH PUBLICATIONS, CONFERENCES AND SITE VISITS TO THE RESEARCH INSTITUTE'S FACILITIES ADJACENT TO THE CAMPUS OF INOVA FAIRFAX HOSPITAL.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Doug Lischke Treasurer | Officer | 1 | $0 |
John Gaul Secretary | Officer | 1 | $0 |
Dr K Craig Kent President | Officer | 1 | $0 |
Thea Grover-Patrick Trustee | Trustee | 1 | $0 |
Zobair Younossi MD Trustee | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $3,961,281 |
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 | $3,961,281 |
Total Program Service Revenue | $0 |
Investment income | $143 |
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 | $3,961,424 |
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 | $0 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $0 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $0 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $2,567,953 |
Advertising and promotion | $0 |
Office expenses | $0 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $0 |
All other expenses | $656 |
Total functional expenses | $2,568,609 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $3,508,421 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $0 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $0 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $38,249,745 |
Total assets | $41,758,166 |
Accounts payable and accrued expenses | $0 |
Grants payable | $0 |
Deferred revenue | $0 |
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 | $0 |
Other liabilities | $3,536,777 |
Total liabilities | $3,536,777 |
Net assets without donor restrictions | $38,221,389 |
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 | $41,758,166 |
Organization Name | Assets | Revenue |
---|---|---|
Global Genomics And Bioinformatics Research Institute Fairfax, VA | $41,758,166 | $3,961,424 |
Institute For Gene And Cell Therapies Washington, DC | $285,097 | $1,200,000 |
Foundation For Biomedical Research Washington, DC | $19,886,643 | $1,890,553 |
Health Research Alliance Inc Research Triangle Park, NC | $1,337,477 | $512,240 |
The Ruth K Broad Biomedical Research Foundation Inc Durham, NC | $19,461,345 | $586,039 |
North Carolina Association For Biomedical Research Raleigh, NC | $695,000 | $534,428 |
Open Humans Foundation Sanford, NC | $245,591 | $0 |
Center For Genetics Nutrition And Health Inc Washington, DC | $146,885 | $87,799 |
Chinese Biopharmaceutical Association-Usa Inc Potomac, MD | $713,657 | $140,026 |