Overview
What is Qualtex Laboratories?
Qualtex Laboratories, a subsidiary of BioBridge Global, is a Texas-based company with a location in San Antonio, employing 158 individuals. Their mission is centered around supporting global public safety by delivering advanced testing services for various human specimens, including whole blood, plasma, and other cellular- and tissue-based products. They prioritize the timely delivery of high-quality testing results for patients, donors, and regulated biological products to maintain public safety.
Official website here: www.qualtexlabs.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 81% (Three-Star out of Four Stars)
Qualtex Laboratories has received a Three-Star rating based on its strong performance in accountability and finance, scoring 81%. This rating reflects a solid commitment to transparency and responsible financial management. The organization has demonstrated high standards in several key areas, including financial statement audits, conflict of interest policies, and whistleblower protections, ensuring that it operates with integrity.
Strengths of Qualtex Laboratories include a high program expense ratio of 90.76%, indicating that a significant portion of their funds is directed towards their programs rather than administrative costs. Additionally, their policies on document retention and board meeting minutes are well-maintained, contributing to overall governance excellence. The organization has also reported no material diversion of assets, further underscoring its financial integrity.
While the rating is commendable, it is based purely on the accountability and finance beacon, suggesting that there may be other aspects of the organization that are not evaluated in this score. Potential donors and stakeholders might want to consider looking into qualitative factors such as program effectiveness and community impact alongside the financial metrics.
This AI summary has been generated from information found on Charity Navigator.
Is Qualtex Laboratories legitimate?
Qualtex Laboratories is a legitimate nonprofit organization registered as a 501(c)(3) entity. Qualtex Laboratories submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $370,656
Professional Fundraising Fees: $0
Other Salaries and Wages: $9,808,920
For more financial information, click here
Official website here: www.qualtexlabs.org
What is the mission statement of Qualtex Laboratories?
Qualtex Laboratories is committed to ensuring global public safety by delivering top-notch testing services for patients, donors, and regulated biological products in a timely manner. Their dedication extends to various types of human specimens, including blood, plasma, and other cells, tissue, and cellular- and tissue-based products. By providing advanced biologic testing services, Qualtex Laboratories plays a crucial role in maintaining public health standards.
Official website here: www.qualtexlabs.org
Who is the CEO of Qualtex Laboratories?
Martin J Landon is the Principal Officer of Qualtex Laboratories.
Official website here: www.qualtexlabs.org
What is the revenue of Qualtex Laboratories?
Qualtex Laboratories's revenue in 2022 was $127,110,342.
Official website here: www.qualtexlabs.org
Who are the executives of Qualtex Laboratories and what are their salaries?
The average compensation at Qualtex Laboratories during 2022 was $64,428. There are 158 employees at Qualtex Laboratories.
Here are 8 key members and their salaries:
- Compensation: $352,904
- Related: $0
- Other: $18,750
- Compensation: $222,283
- Related: $0
- Other: $33,792
- Compensation: $205,176
- Related: $0
- Other: $30,411
- Compensation: $165,763
- Related: $0
- Other: $37,186
- Compensation: $172,536
- Related: $0
- Other: $13,710
- Compensation: $159,153
- Related: $0
- Other: $26,761
- Compensation: $149,260
- Related: $0
- Other: $17,181
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.qualtexlabs.org
Where can I find the form 990 for Qualtex Laboratories?
Qualtex Laboratories's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.qualtexlabs.org
Learn more at the official website: www.qualtexlabs.org
Mission Statement of Qualtex Laboratories
Qualtex Laboratories, a subsidiary of BioBridge Global, is committed to ensuring global public safety through the provision of top-notch testing services for patients, donors, and regulated biological products. The mission of this lab is geared towards delivering high-quality testing solutions in a timely manner, supporting the safety and well-being of various communities worldwide.
Qualtex Laboratories specializes in advanced biologic testing services for whole blood, plasma, human cells, tissue, and cellular- and tissue-based products. By focusing on these areas, the lab plays a vital role in upholding public safety standards, ensuring the quality and efficacy of various biological materials and products. The dedication to this mission is evident in the lab's unwavering commitment to providing accurate and reliable results, enabling the appropriate use and distribution of these essential substances.
In essence, Qualtex Laboratories stands as a trusted partner in the global public safety network, utilizing advanced testing methodologies and state-of-the-art technology to maintain the highest standards of quality and safety. With a strong focus on supporting patients, donors, and the manufacturers of regulated biological products, the lab's mission is critical in protecting the health and well-being of individuals and communities around the world.
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Impact
August, 2024
Qualtex Laboratories is dedicated to supporting global public safety through the timely delivery of high-quality testing services for patients, donors, and regulated biological products. This impact is crucial in ensuring the safety and efficacy of whole blood, plasma, human cells, tissue, and cellular- and tissue-based products. By focusing on advanced biologic testing services at their locations in Texas and Georgia, Qualtex Laboratories plays a critical role in upholding global public safety standards in the healthcare industry.
This information is meant to be a general summary of Qualtex Laboratories. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $912
- Program Service Revenue: $124,295,943
- Gross Receipts: $127,110,342
Assets and Liabilities:
- Total Assets: $83,822,767
- Total Liabilities: $24,652,641
- Net Assets: $59,170,126
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CLIENT TESTING SERVICE FEES
Revenue
$123,853,968
RESEARCH & DEVELOPMENT SUPPORT
Revenue
$441,975
Organization Details
Founding Year
2007
Phone
(210) 757-9505Principal Officer
Martin J Landon
Main Address
6211 IH 10 WEST, SAN ANTONIO, TX, 78201
Website
www.qualtexlabs.orgNTEE Category
Code: E61 - Health
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