Global Co-Creation Lab Inc
- Assets
- $268.4k
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Miami, FL
- Founding
- Data as of
- 12/2020
- EIN
- 84-4263685
Organization Overview
Global Co-Creation Lab Inc is located in Miami, FL. According to its NTEE Classification (E99) the organization is classified as: Health Care N.E.C., under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Global Co-Creation Lab Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE GLOBAL CO-CREATION LAB IS A HIGH-TECH CONCENTRATOR ANSWERING MANY OF OUR ERA'S GREATEST CHALLENGES IN HEALTH AND MEDICINE. WE ORCHESTRATE R&D, INNOVATION, AND ENTREPRENEURIAL EFFORTS ACROSS ACADEMIC, MEDICAL, PUBLIC, AND PRIVATE ORGANIZATIONS TO CREATE BREAKTHROUGH TECHNOLOGIES AND INNOVATION-DRIVEN ENTERPRISES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GLOBAL COCREATION LAB FOCUSES ITS WORK IN COMMUNITIES WHERE INNOVATIVE SOLUTIONS CAN ACHIEVE RAPID AND HIGH IMPACT, AND ENABLES THEM TO SCALE FOR GLOBAL BENEFIT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alejandro Roman Salsamendi President And Executive Director | OfficerTrustee | 20 | $110,400 |
Mercedes Balcells-Camps Director | OfficerTrustee | 5 | $50,000 |
Juan T O'naughten Secretary | OfficerTrustee | 10 | $10,000 |
Vincent Omachonu Member | Trustee | 2 | $0 |
Ernesto DE La Fe Member | Trustee | 2 | $0 |
Giselle Guerra Member | Trustee | 2 | $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 | $1,037,995 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,037,995 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $1,037,995 |
| 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. | $170,400 |
| Compensation of current officers, directors, key employees. | $85,200 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $147,495 |
| 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 | $0 |
| Advertising and promotion | $58,367 |
| Office expenses | $4,047 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $750 |
| Travel | $266 |
| 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 | $12,836 |
| Total functional expenses | $934,844 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $112,558 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $129,320 |
| 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 | $17,500 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,000 |
| Total assets | $268,378 |
| Accounts payable and accrued expenses | $147,727 |
| 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 | $17,500 |
| Total liabilities | $165,227 |
| Net assets without donor restrictions | $103,151 |
| 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 | $268,378 |
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