Overview
What is New York Genome Center Inc?
New York Genome Center Inc, located in New York City, is a leading nonprofit organization specializing in genome sequencing. Over the past seven years, their advanced sequencing laboratory has processed over 86,900 whole genome samples, utilizing five Novaseq systems sequencers. This state-of-the-art technology allows them to carry out large-scale genomics projects efficiently, making significant strides in genetic research and improving human health. Their mission is to operate a world-class genomic research center, using advanced genomics to understand the genetic basis of diseases. With a team of 240 employees, they continue to push the boundaries of scientific discovery.
Official website here: www.nygenome.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star Rating)
The New York Genome Center Inc has achieved an overall score of 81% on Charity Navigator, indicating a solid performance in accountability and financial health. With a high percentage of independent board members and a fully compliant audit and oversight committee, the organization demonstrates a commitment to transparency and ethical governance. The absence of material diversion of assets further underscores its financial integrity.
The nonprofit's program expense ratio stands at an impressive 80.61%, reflecting a strong dedication to its mission-driven activities rather than administrative costs. Additionally, the organization adheres to various best practices, including a whistleblower policy and a conflict of interest policy, both of which enhance its operational transparency.
However, while the working capital ratio of 0.49 years might suggest some liquidity concerns, the organization appears to manage its finances effectively overall. The available data suggests that while there are areas for improvement, the New York Genome Center Inc maintains a commendable standard of accountability and impact in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is New York Genome Center Inc legitimate?
New York Genome Center Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. New York Genome Center Inc 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: $4,369,319
Professional Fundraising Fees: $14,225
Other Salaries and Wages: $22,665,670
For more financial information, click here
Official website here: www.nygenome.org
What is the mission statement of New York Genome Center Inc?
The New York Genome Center Inc is dedicated to advancing genomic research to discover new biomedical solutions for improving human health. They operate a world-class genomic research center, utilizing advanced genomic techniques to understand the genetic basis of diseases. Their state-of-the-art genome sequencing program has sequenced over 86,900 whole genomes in the past seven years, with the capacity to sequence thousands more each year. Advanced sequencing technology allows them to carry out large-scale genomic projects quickly and efficiently, delving deeper into the genome for greater insights.
Official website here: www.nygenome.org
Who is the CEO of New York Genome Center Inc?
Tom Maniatis Phd is the CEO of New York Genome Center Inc The CEO's salary of New York Genome Center Inc is $659,380 and their total compensation is $659,380.
Official website here: www.nygenome.org
What is the revenue of New York Genome Center Inc?
New York Genome Center Inc's revenue in 2023 was $92,940,429.
Official website here: www.nygenome.org
Who are the executives of New York Genome Center Inc and what are their salaries?
The average compensation at New York Genome Center Inc during 2023 was $120,692. There are 224 employees and 25 volunteers at New York Genome Center Inc.
Here are 39 key members and their salaries (New York Genome Center Inc's CEO's salary is $659,380 and their total compensation is $659,380):
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Official website here: www.nygenome.org
Where can I find the form 990 for New York Genome Center Inc?
New York Genome Center Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.nygenome.org
Learn more at the official website: www.nygenome.org
Mission Statement of New York Genome Center Inc
New York Genome Center Inc, a leading genomic research organization, strives to push the boundaries of scientific discovery and improve human health by operating a world-class research facility. Their mission is to advance genomics, utilizing advanced technologies to comprehend the genetic basis of diseases.
The Center's state-of-the-art genomic research center is at the forefront of creating and implementing innovative genomic approaches. With one of the largest whole genome sequencing programs in New York, they have sequenced over 86,900 samples since inception. Their advanced technology includes five Novaseq systems sequencers, enabling them to sequence thousands of genomes annually. This cutting-edge sequencing technology empowers New York Genome Center Inc to execute large-scale genomics projects swiftly and efficiently, and delve deeper into the genome with greater precision.
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Impact
October, 2024
New York Genome Center Inc significantly advances genomic research, driving novel biomedical discoveries that enhance human health. With one of the largest whole genome sequencing programs in New York, the Center has sequenced over 86,900 whole genome samples in the past seven years. Equipped with state-of-the-art NovaSeq systems, NYGC possesses the capacity to sequence thousands of genomes each year, enabling large-scale genomic projects with exceptional speed and sample volume.
The organization’s cutting-edge sequencing technology allows for more comprehensive exploration of the genome, increasing efficiency and depth of analysis. This approach not only accelerates understanding of the genetic basis of diseases but also paves the way for new therapeutic strategies. By operating a world-class genomic research facility, NYGC is at the forefront of genomic science, contributing significantly to advancements in health and disease prevention.
This information is meant to be a general summary of New York Genome Center Inc. 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 2023.
- Investment Income: $191,646
- Program Service Revenue: $9,712,534
- Gross Receipts: $98,230,028
Assets and Liabilities:
- Total Assets: $181,740,451
- Total Liabilities: $146,891,982
- Net Assets: $34,848,469
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RESEARCH SEQUENCING
Revenue
$5,649,337
CLINICAL SEQUENCING
Revenue
$4,063,197
Organization Details
Founding Year
2010
Principal Officer
Tom Maniatis
Website
www.nygenome.orgNTEE Category
Code: E22 - Health
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