Genetic Resource Association Of Texas
- Assets
- $445.8k
- Revenue
- $34.5k
- Investments
- $436.6k
- Employees
- 0
- Location
- Houston, TX
- Founding
- 12/2015
- Data as of
- 12/2023
- EIN
- 47-4352923
Organization Overview
Genetic Resource Association Of Texas is located in Houston, TX. The organization was established in 2015. According to its NTEE Classification (H12) the organization is classified as: Fund Raising & Fund Distribution, 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. Genetic Resource Association Of Texas 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, Genetic Resource Association Of Texas generated $34.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (30.2%) each year. All expenses for the organization totaled $16.3k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (27.3%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT MEDICAL ADVANCES WITH GENETIC AND GENOMIC TECHNOLOGIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GREAT SUPPORTS THE BAYLOR DICK LEWIS GENETIC FELLOWSHIP PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brendan Lee MD PHD Chair | 2 | $0 | |
Jill Mokry President | 2 | $2,000 | |
Gregory L Bingley Treasurer | 2 | $4,500 | |
Lisa Folloder Secretary | 2 | $2,000 | |
Arthur Beaudet MD Director | 1 | $0 | |
Judith Feigin Edd Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $4,025 |
| Interest on Savings | $11,501 |
| Dividends & Interest | $18,935 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $34,461 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $8,500 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $328 |
| Total operating and administrative expenses | $10,628 |
| Contributions, gifts, grants paid | $5,680 |
| Total expenses and disbursements | $16,308 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,559 |
| Savings and temporary cash investments | $3,668 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $25,000 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $445,777 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Genetic Resource Association Of Texas has awarded $5,680 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
BLAKE CUOCOLO PURPOSE: RESEARCH AWARD | $4,500 |
MADELINE CESARONE PURPOSE: RESEARCH AWARD | $400 |
MEGAN FONG PURPOSE: RESEARCH AWARD | $780 |