T3 Labs
- Assets
- $9.1m
- Revenue
- $8.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Atlanta, GA
- Founding
- 09/2018
- Data as of
- 06/2022
- 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 06/2022, T3 Labs generated $8.6m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 7.5% each year. All expenses for the organization totaled $8.5m during the year ending 06/2022. While expenses have increased by 2.7% per year over the past 5 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
2022
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sherry Farrugia CEO | Officer | 40 | $0 |
Tanesha Steward Secretary | Officer | 1 | $0 |
Jeffrey White COO | Officer | 40 | $0 |
Melissa Marlin Asst. Secret | Officer | 1 | $0 |
Robert Foy Treasurer | Officer | 5 | $0 |
Cynthia Martin Asst. Treasu | Officer | 12 | $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 | $8,509,627 |
| Investment income | $1,689 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $55,000 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,566,316 |
| 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 | $2,589,851 |
| Pension plan accruals and contributions | $347,221 |
| Other employee benefits | $304,912 |
| Payroll taxes | $165,995 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $131 |
| 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 | $487,494 |
| Advertising and promotion | $24,900 |
| Office expenses | $173,042 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,057,047 |
| Travel | $28,838 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $58,330 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $635,976 |
| Insurance | $383 |
| All other expenses | $49,562 |
| Total functional expenses | $8,458,746 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,167,115 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,867,210 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $88,750 |
| Prepaid expenses and deferred charges | $17,559 |
| Net Land, buildings, and equipment | $5,908,038 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $37,161 |
| Total assets | $9,085,833 |
| Accounts payable and accrued expenses | $1,843,441 |
| Grants payable | $0 |
| Deferred revenue | $377,394 |
| 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 | $523,876 |
| Other liabilities | $1,291,206 |
| Total liabilities | $4,035,917 |
| Net assets without donor restrictions | $5,049,916 |
| 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 | $9,085,833 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that T3 Labs has recieved totaling $12,582.
| Awarding Organization | Amount |
|---|---|
Emory University Atlanta, GA PURPOSE: RESEARCH/SUBCONTRACT | $12,582 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Montgomery Community Action Committee Montgomery, AL | $13,253,001 | $19,355,950 |
Economic Improvement Council Inc Edenton, NC | $4,246,156 | $20,948,013 |
Catholic Charities Of Tennessee Inc Nashville, TN | $6,708,389 | $19,282,106 |
Society Of St Vincent De Paul South Pinellas Inc St Petersburg, FL | $20,224,703 | $21,064,190 |
Country Club Of Landfall Wilmington, NC | $36,040,032 | $19,318,350 |
Miracle Hill Ministries Inc Greenville, SC | $35,712,614 | $22,314,976 |
Community Service Programs Of West Alabama Inc Tuscaloosa, AL | $11,169,657 | $19,088,639 |
Catholic Charities Bureau Jacksonville, FL | $12,649,665 | $19,074,889 |
Pee Dee Community Action Agency Florence, SC | $4,501,947 | $18,161,366 |
Action Pathways Inc Fayetteville, NC | $19,024,818 | $19,740,388 |
Southeast Tennessee Human Resource Agency Dunlap, TN | $24,351,699 | $17,068,562 |
Western Carolina Community Action Inc Hendersonville, NC | $8,009,014 | $16,309,816 |