Overview
What is Laboratory Services Cooperative?
The Laboratory Services Cooperative is a Seattle-based nonprofit organization, with the address at 2001 E Madison Street, WA 98122. The cooperative operates for charitable and scientific purposes, focusing on providing exceptional laboratory services and customer support to its member affiliates and their clients. With a mission to perform laboratory services cooperatively, the organization supports its members by issuing financial distributions. The cooperative's centralized approach to laboratory services allows it to cater effectively to the needs of its members.
What are the reviews and ratings of this charity?
86% rating from Charity Navigator indicates that Laboratory Services Cooperative has a solid performance in terms of accountability and finance. The charity has earned a three-star rating, reflecting its commitment to maintaining financial integrity and transparency.
The organization boasts a fully independent board, which contributes positively to its governance structure, reflecting strong oversight practices. It has achieved perfect scores in crucial areas such as financial statements and conflict of interest policies, showcasing a high standard of operational integrity.
However, while the overall financial health appears strong, the liabilities to assets ratio could be improved, as it stands at 55.16%. Nonetheless, the high program expense ratio of 71.26% suggests that a significant portion of funds is directed towards its mission-related activities. This is a positive indicator for potential donors assessing the charity’s effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Laboratory Services Cooperative legitimate?
Laboratory Services Cooperative is a legitimate nonprofit organization registered as a 501(c)(3) entity. Laboratory Services Cooperative 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: $152,186
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Laboratory Services Cooperative?
The Laboratory Services Cooperative operates with a charitable or scientific purpose, providing centralized and cooperative laboratory services for its members. Its mission is defined by Section 501(e) of the tax code and specifically includes laboratory services. This cooperative delivers superior laboratory services and customer support to its member affiliates and their clients. By issuing financial distributions, it supports the overall mission of its members. The Laboratory Services Cooperative is dedicated to performing essential laboratory functions in a collaborative manner for the benefit of its members.
Who is the CEO of Laboratory Services Cooperative?
Margaret Harris is the President And Cfo of Laboratory Services Cooperative.
What is the revenue of Laboratory Services Cooperative?
Laboratory Services Cooperative's revenue in 2022 was $18,414,339.
Who are the executives of Laboratory Services Cooperative and what are their salaries?
There 13 volunteers at Laboratory Services Cooperative.
Here are 14 key members and their salaries:
- Compensation: $131,389
- Related: $0
- Other: $38,752
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- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Laboratory Services Cooperative?
Laboratory Services Cooperative's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Laboratory Services Cooperative
The Laboratory Services Cooperative, a charitable and scientific organization, is dedicated to providing superior laboratory services and customer support on a collaborative basis for its member affiliates and their clients. This cooperative is committed to carrying out its mission under Section 501(e) of the tax code, specifically offering laboratory services to its members. The Laboratory Services Cooperative supports the objectives of its member organizations by distributing financial resources.
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Impact
August, 2024
Laboratory Services Cooperative's impact lies in providing superior laboratory services and customer support for its member affiliates and their clients. By operating on a centralized and cooperative basis, this organization supports the missions of its member affiliates through the issuance of financial distributions. This initiative serves charitable or scientific purposes, focusing on laboratory services permitted under section 501(e) of the code. Based in Seattle, WA, Laboratory Services Cooperative plays a crucial role in promoting health through its collaborative efforts in the field of laboratory services.
This information is meant to be a general summary of Laboratory Services Cooperative. 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.
- Program Service Revenue: $18,394,595
- Gross Receipts: $18,414,339
Assets and Liabilities:
- Total Assets: $3,888,192
- Total Liabilities: $1,271,727
- Net Assets: $2,616,465
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SERVICES REVENUE
Revenue
$18,339,595
MEMBERSHIP FEES
Revenue
$55,000
Organization Details
Founding Year
2008
Phone
(206) 328-6819Principal Officer
Margaret Harris
Main Address
2001 E MADISON STREET, SEATTLE, WA, 98122
NTEE Category
Code: E600 - Health
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