BALTIMORE UNDERGROUND SCIENCE SPACE Inc

EIN: 460738285 501(c)(3) Education

Baltimore, MD

Total Revenue
$121,272
Total Expenses
$130,113
Total Assets
$51,314
Net Assets
$47,457
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Financial Trends

Organization Details

Formation Year
2012
Legal Domicile
MD
Principal Officer
Thomas Burkett
Phone
4434528498
Tax Period
2023-01-01 to 2023-12-31

BALTIMORE UNDERGROUND SCIENCE SPACE Inc, founded in 2012, is a small nonprofit in the Education sector that reported $121K in total revenue in fiscal year 2023. Revenue surged 39% from the prior year, signaling strong growth momentum.

Mission

See page 1, Part I, Summary, 1.

Program Service Accomplishments

Program 1
Expenses: $35,536 Revenue: $49,785

Youth Courses and School Programs: BUGSS continued providing courses for students from kindergarten through middle school. Included were nine courses at BUGSS delivered directly to the public...

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Youth Courses and School Programs: BUGSS continued providing courses for students from kindergarten through middle school. Included were nine courses at BUGSS delivered directly to the public, courses organized specifically for homeschool students, and courses organized for other nonprofit partners including a five-week summer, middle-school program for Merit Health Leadership Academy and two four-week middle-school camps for STEMcx and Latino Educational Advancement Fund. In addition, we continued working with Carnegie Institute of Washington and Project Bioeyes to deliver a one-week Microbes In The Classroom course to students at Baltimore middle schools.

Program 2
Expenses: $26,962 Revenue: $24,639

iGEM: In 2023, BUGSS again mentored a team competing in the international Genetically Engineered Machines competition (iGEM), the East Coast Bio Crew team. The team met at BUGSS throughout the spring...

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iGEM: In 2023, BUGSS again mentored a team competing in the international Genetically Engineered Machines competition (iGEM), the East Coast Bio Crew team. The team met at BUGSS throughout the spring and summer to design and carry out a project to combat pollution of our waterways by agricultural runoff, which situation leads to harmful algal blooms. In addition, students interviewed experts, investigated how the project could be developed and implemented in the real world, learned about the social and ethical implications of the project and whether it was feasible, taught the public about issues related to the project and, more broadly, about diverse scientists, and produced video and oral presentations. The 2023 team included 33 high school students and nine mentors, who were professional scientists, postbaccalaureate and graduate students. As a culmination of their work, team members attended the 2023 iGEM Jamboree either virtually or by traveling to Paris, where they presented their work to judges, met other teams and earned a gold medal for their accomplishments.

Program 3
Expenses: $7,633 Revenue: $37,697

Community and Individual Member Projects: Central to BUGSS' mission is providing lab space to individuals and groups within our community, who wish to conduct experiments of their own design...

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Community and Individual Member Projects: Central to BUGSS' mission is providing lab space to individuals and groups within our community, who wish to conduct experiments of their own design. Individuals pay membership fees to BUGSS, which fees enable them to access the BUGSS lab facilities and equipment, as well as a small number of disposable reagents. In this way, we dramatically reduce startup costs for those interested in pursuing high-risk, non-traditional, multi-disciplinary and early-stage projects. In 2023, BUGSS supported three group projects for our members: Open Insulin, Barcoding The Harbor and Chromoproteins. Open Insulin seeks to address issues of health equity by developing open-source methods of insulin production. Barcoding The Harbor is a collaboration with institutions such as the National Aquarium, Institute of Marine and Environmental Technology, and Ocean Research Project to systematically characterize the biota of Baltimore's Inner Harbor and the Chesapeake Bay, and Chromoproteins genetically engineers new pigments into yeast and bacterial cells, which can then be used for new bio-art projects. These group projects facilitate easy entry for new members into sophisticated science projects without requiring extensive prior training. In addition to our community projects, we had individual members who pursued projects at BUGSS. These included genetic engineering of plant species for which few genetic tools currently exist, analysis of bacteria living in Baltimore's Inner Harbor, and engineering of systems to respond to DNA damage in cancer cells. Three additional, early-stage, biotechnology companies continued to operate within our space and further develop their businesses.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $94,860
Program Service Revenue $20,003
Investment Income $0
Other Revenue $6,409
TOTAL REVENUE $121,272

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,943
Fundraising Expenses $0
Program Expenses $71,251
Other Expenses $127,170
TOTAL EXPENSES $130,113

Year-over-Year Comparison

2023 2022 Change
Revenue $121,272 $87,236 +0.4%
Expenses $130,113 $125,059 +0.0%
Net Income $-8,841 $-37,823 -0.8%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
7
Independent Members
7
Employees
3
Volunteers
80

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$0
Total Directors
7
$1,047
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Joel Tyson director 4.5
Director
$1,047 $0 $1,047
Thomas Burkett president 2
Officer Director
$0 $0 $0
Linda Saffer secretary 1
Officer Director
$0 $0 $0
Michael Johnson treasurer 1
Officer Director
$0 $0 $0
Anne Hamburger director 0.5
Director
$0 $0 $0
Nina Rajpurohit director 0.5
Director
$0 $0 $0
Lisa Scheifele executive director 15.5
Officer Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $121,272 $130,113 $51,314 $-8,841
2022 $87,236 $125,059 $60,346 $-37,823
2021 $202,106 $132,556 $100,638 $69,550
2020 $61,808 $50,670 $28,173 $11,138
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