BIOTECHNICAL INSTITUTE OF MARYLAND INC

EIN: 522067671 501(c)(3) Education

BALTIMORE, MD

Total Revenue
$1,271,409
Total Expenses
$993,702
Total Assets
$1,484,700
Net Assets
$1,261,883
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1998
Legal Domicile
MD
Principal Officer
DR BRANDY CARTER
Phone
4107524224
Tax Period
2023-01-01 to 2023-12-31

BIOTECHNICAL INSTITUTE OF MARYLAND INC, founded in 1998, is a community nonprofit in the Education sector that reported $1.3M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. The organization ran a surplus of $278K, a strong 22% operating margin.

Mission

THE BIOTECHNICAL INSTITUTE OF MARYLAND, INC. (BTI) WAS FOUNDED IN 1998 AS A NON-PROFIT TO TRAIN AND PLACE ENTRY-LEVEL BIOTECHNICIANS IN MARYLAND'S RAPIDLY EXPANDING BIOTECH INDUSTRY. THE BTI LABORATORY ASSOCIATES PROGRAM PROVIDES TUITION-FREE TRAINING IN BASIC LABORATORY SKILLS TO BRIGHT, AMBITIOUS, UNEMPLOYED, AND UNDER-EMPLOYED RESIDENTS OF THE REGION. BTI PROVIDES TUITION-FREE TRAINING TO UNEMPLOYED AND UNDEREMPLOYED RESIDENTS OF BALTIMORE CITY AND THE SURROUNDING MARYLAND REGION. THE TRAINING GIVES OUR STUDENTS BASIC LABORATORY SKILLS AND JOB PLACEMENT ASSISTANCE, PREPARING PARTICIPANTS FOR ENTRY-LEVEL BIO-RELATED JOBS IN THE LIFE SCIENCES. BTI MEETS THE DEMAND FOR A SPECIALLY SKILLED WORKFORCE IN BIOTECHNOLOGY BY PROVIDING QUALITY TRAINING TO CONNECT PARTICIPANTS TO CAREER OPPORTUNITIES AND INCREASE THEIR INDEPENDENCE, FINANCIAL STABILITY, AND ECONOMIC MOBILITY. WORKFORCE DEVELOPMENT/TRAINING PROGRAMS LIKE BTI ARE A PERSON-CENTERED APPROACH TO TEACHING WORKERS SKILLS FOR LONG-TERM

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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 $1,253,265
Program Service Revenue $17,752
Investment Income $392
Other Revenue $0
TOTAL REVENUE $1,271,409

Expense Breakdown

Grants Paid $31,095
Salaries & Benefits $542,884
Fundraising Expenses $0
Program Expenses $801,469
Other Expenses $419,723
TOTAL EXPENSES $993,702

Year-over-Year Comparison

2023 2022 Change
Revenue $1,271,409 $1,157,693 +0.1%
Expenses $993,702 $967,813 +0.0%
Net Income $277,707 $189,880 +0.5%
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
11
Independent Members
11
Employees
7
Volunteers
11

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
8
$238,433
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN C WEISS III CHAIR AND PRESIDENT 1.00
Officer Director
$0 $0 $0
PABLO PINEYRO PRESIDENT 1.00
Officer Director
$0 $0 $0
ROGER WARD VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
TONYA WEBB VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
RICHARD A GROSSI TREASURER 1.00
Officer Director
$0 $0 $0
KEENA THOMAS ASSISTANT TREASURER 1.00
Officer Director
$0 $0 $0
WILL ANDERSON BOARD MEMBER 1.00
Director
$0 $0 $0
ABBA POLIAKOFF BOARD MEMBER 1.00
Director
$0 $0 $0
CLAUDIO RATTES BOARD MEMBER 1.00
Director
$0 $0 $0
ALAN F SCOTT BOARD MEMBER 1.00
Director
$0 $0 $0
KATHLEEN WEISS BOARD MEMBER/EXECUTIVE DIRECTOR EMER 1.00
Director
$0 $0 $0
ROBERT FAUVIE BOARD MEMBER 1.00
Director
$0 $0 $0
BRANDY CARTER EXEC. DIRECTOR 40.00
Officer
$116,273 $1,356 $117,629
TIMOTHY FAWCETT SCIENCE DIRECTOR 40.00
Officer
$115,856 $4,948 $120,804
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 $1,271,409 $993,702 $1,484,700 $277,707
2022 $1,157,693 $967,813 $1,291,643 $189,880
2021 $730,410 $936,399 $870,239 $-205,989
2020 $921,610 $812,129 $1,110,121 $109,481
2019 $823,685 $974,151 $912,090 $-150,466
2018 $870,528 $971,439 $1,063,487 $-100,911
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