Genetics Society Of America Incorporated
- Assets
- $15.7m
- Revenue
- $4.4m
- Investments
- $0.0
- Employees
- 19
- Location
- Rockville, MD
- Founding
- 04/1985
- Data as of
- 12/2023
- EIN
- 93-6023830
Organization Overview
Genetics Society Of America Incorporated is located in Rockville, MD. The organization was established in 1985. According to its NTEE Classification (U03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Science & Technology and related organizations. As of 12/2023, Genetics Society Of America Incorporated employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Genetics Society Of America Incorporated 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 12/2023, Genetics Society Of America Incorporated generated $4.4m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 0.3% each year. All expenses for the organization totaled $4.1m during the year ending 12/2023. While expenses have increased by 0.1% per year over the past 9 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
GSA SERVES AN INTERNATIONAL COMMUNITY OF SCIENTISTS WHO USE GENETICS TO MAKE NEW DISCOVERIES AND IMPROVE LIVES. WE ADVANCE BIOLOGICAL RESEARCH BY SUPPORTING PROFESSIONAL DEVELOPMENT OF SCIENTISTS, BY COMMUNICATING ADVANCES AND FOSTERING COLLABORATION THROUGH SCHOLARLY PUBLISHING AND CONFERENCES, AND BY ADVOCATING FOR SCIENCE AND FOR SCIENTISTS. WE SEEK TO CULTIVATE AN INCLUSIVE, DIVERSE RESEARCH COMMUNITY THAT ENGAGES WITH THE PUBLIC, COMMUNICATES THE EXCITEMENT AND IMPLICATIONS OF DISCOVERY, AND SERVES AS AN AUTHORITATIVE SOURCE OF INFORMATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
JOURNALS - GSA PUBLISHES THE PEER-REVIEWED JOURNALS GENETICS AND G3: GENES|GENOMES|GENETICS. THESE SCIENTIFIC JOURNALS COMMUNICATE HIGH-QUALITY, ORIGINAL RESEARCH IN THE FIELD OF GENETICS AND GENOMICS. THE AUDIENCE INCLUDES SCIENTISTS FROM ALL OVER THE WORLD ACROSS THE BIOLOGICAL SCIENTISTS, REPRESENTING MEMBERS, SUBSCRIBERS, AND READERS FROM MULTIPLE CAREER STAGES AND INSTITUTIONAL TYPES.
MEMBERSHIP
CONFERENCES - GSA HOSTS CONFERENCES ATTENDED BY THOSE WHO HAVE A COMMON INTEREST IN RECENT DEVELOPMENTS AND RESEARCH IN THE FIELD OF GENETICS AND FOCUSED ON PARTICULAR EXPERIMENTAL ORGANISMS OR RESEARCH APPROACHES. GSA ALSO HOSTS A CONFERENCE THAT BRINGS TOGETHER MULTIPLE GROUPS SPANNING TOPICAL AND ORGANISM FOCUSES. ATTENDEES INCLUDE SCIENTISTS FROM ALL OVER THE WORLD AND REPRESENT MEMBERS, NON-MEMBERS, EDUCATORS, INDUSTRY REPRESENTATIVES, TYPES OF INSTITUTIONS, AND SCIENTISTS RANGING FROM EARLY CAREER TO FACULTY.
PROFESSIONAL DEVELOPMENT AND EDUCATION - GSA CREATES INITIATIVES TO PROVIDE TRAINING, MENTORSHIP, AND COMMUNITY NETWORKING OPPORTUNITIES FOR SCIENTISTS TO DEVELOP THEIR SKILLS AND ACHIEVE THEIR CAREER GOALS. GSA THROUGH ITS EDUCATION COMMITTEE PROVIDES EDUCATION-RELATED PROGRAMMING FOR ITS CONFERENCES AS WELL AS RELATED PROJECTS FOR COMMUNITY MEMBERS. GSA ALSO SPONSORS SOCIETY, EARLY CAREER, AND TRAVEL AWARDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tracey Depellegrin-Connelly Executive Di | Officer | 37.5 | $319,052 |
Mary Adams Dir. Finance | Officer | 37.5 | $198,883 |
Anne Marie Mahoney Sr. Dir. Con | 37.5 | $142,008 | |
Susan Brown Sr. Dir. Con | 37.5 | $143,021 | |
Ruth Isaacson Sr. Managing | 37.5 | $142,166 | |
Howard Lipshitz Editor-In-Ch | Trustee | 25 | $48,223 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Association Development Services Fundraising Services | 12/30/19 | $220,000 |
Wd3 Llc Build Gsa Website | 12/30/19 | $108,800 |
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 | $139,791 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $139,791 |
| Total Program Service Revenue | $2,532,348 |
| Investment income | $314,616 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $1,574,826 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$133,281 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,446,922 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $63,223 |
| Grants and other assistance to domestic individuals. | $25,449 |
| Grants and other assistance to Foreign Orgs/Individuals | $6,800 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $517,935 |
| Compensation of current officers, directors, key employees. | $234,228 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $928,876 |
| Pension plan accruals and contributions | $116,578 |
| Other employee benefits | $129,145 |
| Payroll taxes | $90,887 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $45,512 |
| Fees for services: Accounting | $43,212 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $47,414 |
| Fees for services: Other | $580,339 |
| Advertising and promotion | $29,857 |
| Office expenses | $19,303 |
| Information technology | $105,295 |
| Royalties | $0 |
| Occupancy | $82,738 |
| Travel | $104,063 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $801,217 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $85,346 |
| Insurance | $13,037 |
| All other expenses | $33,148 |
| Total functional expenses | $4,115,609 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $729,447 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $221,710 |
| 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 | $554,061 |
| Net Land, buildings, and equipment | $138,620 |
| Investments—publicly traded securities | $13,451,274 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $644,972 |
| Total assets | $15,740,084 |
| Accounts payable and accrued expenses | $267,315 |
| Grants payable | $0 |
| Deferred revenue | $3,250,791 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $835,601 |
| 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 | $444,727 |
| Total liabilities | $4,798,434 |
| Net assets without donor restrictions | $10,479,450 |
| Net assets with donor restrictions | $462,200 |
| 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 | $15,740,084 |
Grants Awarded
Over the last fiscal year, Genetics Society Of America Incorporated has awarded $63,223 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN SOCIETY FOR CELL BIOLOGY PURPOSE: JOURNAL SUPPORT | $15,000 |
UNIVERSITY OF FLORIDA FOUNDATION | | | $48,223 |