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

BTI'S NON-PROFIT MISSION IS TO PROVIDE TUITION-FREE TRAINING AND PLACEMENT ASSISTANCE TO HIGHLY MOTIVATED, DISADVANTAGED, AND UNDER / UNEMPLOYED INDIVIDUALS WITH A HIGH SCHOOL DIPLOMA OR A GRADUATE EQUIVALENT DEGREE, FOR POSITIONS AS SKILLED AND RELIABLE LAB TECHNICIANS AND TO PROVIDE A CRITICALLY NEEDED PREPARED WORKFORCE TO SUPPORT THE GROWTH OF THIS ECONOMICALLY AND SCIENTIFICALLY IMPORTANT INDUSTRY.

Program Service Accomplishments

Program 1
Expenses: $801,469 Revenue: $17,752

THE BIOTECHNICAL INSTITUTE OF MARYLAND, INC. (BTI) WAS FOUNDED IN 1998 AS A NON-PROFIT 501 (C)(3) CORPORATION, TO FILL A NEED FOR SPECIALTY SCIENTIFIC TRAINING OF AND PLACEMENT ASSISTANCE FOR...

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THE BIOTECHNICAL INSTITUTE OF MARYLAND, INC. (BTI) WAS FOUNDED IN 1998 AS A NON-PROFIT 501 (C)(3) CORPORATION, TO FILL A NEED FOR SPECIALTY SCIENTIFIC TRAINING OF AND PLACEMENT ASSISTANCE FOR ENTRY-LEVEL BIOTECHNICIANS IN MARYLAND'S RAPIDLY EXPANDING BIOTECHNOLOGY INDUSTRY. THE BTI LABORATORY ASSOCIATES PROGRAM PROVIDES TUITION-FREE TRAINING IN BASIC LABORATORY SKILLS TO BRIGHT, AMBITIOUS, UNDER / UNEMPLOYED RESIDENTS OF BALTIMORE CITY AND THE REGION. A COMBINATION OF CLASSROOM INSTRUCTION, HANDS-ON TRAINING AND ON-THE-JOB WORK EXPERIENCE, ENABLES BTI'S SUCCESSFUL GRADUATES TO REALIZE EMPLOYMENT OPTIONS, WHILE EMPLOYERS BENEFIT FROM A STREAM OF READY-FOR-HIRE, WELL-QUALIFIED LAB TECHNICIANS. PLEASE SEE SCHEDULE O PAGE 40 FOR IMPORTANT INFORMATION ON THE MISSION AND IMPACT OF BTI.BTI IS APPROVED BY THE MARYLAND HIGHER EDUCATION COMMISSION AND RECOGNIZED THROUGHOUT THE STATE AS AN EFFECTIVE WORKFORCE TRAINING PROVIDER. BTI HAS TRAINED 51 COHORTS, CELEBRATES OVER 700 GRADUATES AND HAS PROVIDED SPECIALLY SKILLED WORKERS TO OVER 50 MARYLAND EMPLOYERS. BTI'S PLACEMENT RATE EXCEEDS 70%. ANALYSIS OF THE LONG-TERM RETENTION RATE SINCE 1998 SHOWS APPROXIMATELY 77% OF BTI GRADUATES ARE EMPLOYED OR PURSUING ADDITIONAL RELATED EDUCATION. BTI'S AVERAGE PLACEMENT WAGE IN 2023 WAS $20/HOUR PLUS BENEFITS.LIVES ARE CHANGED, FAMILIES SUPPORTED AND COMMUNITIES STRENGTHENED BY THE OUTCOMES OF BTI'S TRAINING AND SERVICES. BTI'S GOAL IS TO PROVIDE A BRIDGE TO OPPORTUNITIES FOR PARTICIPANTS AND THEIR FAMILIES BY REMOVING BARRIERS BETWEEN DISADVANTAGED PEOPLE AND EXISTING NEXT ECONOMY JOBS WITH LIVABLE WAGES THAT ARE UNFILLED DUE TO THE LACK OF PROPER TRAINING OF THE AREA'S WORKFORCE. BTI GRADUATES ARE QUALIFIED TO FILL A VARIETY OF TECHNICIAN POSITIONS IN THE LIFE SCIENCES INDUSTRY. GRADUATES ARE ALSO ELIGIBLE FOR 7 CREDITS TOWARD AN ASSOCIATE OF ARTS DEGREE IN BIOTECHNOLOGY FROM BALTIMORE CITY COMMUNITY COLLEGE.BTI'S PREPARATION OF A TRAINED, LOCAL WORKFORCE IS A CRITICAL COMPONENT OF THE MANY EFFORTS TO SUSTAIN AND GROW THE BIOTECHNOLOGY INDUSTRY IN THE STATE OF MARYLAND. BTI SKILLS TRAINING IS A NECESSARY INGREDIENT TO ADDRESS THE PRACTICAL WORKFORCE DEVELOPMENT NEEDS OF OUR CITIZENS. THE BTI MODEL HAS PROVEN ITS VALUE AND IMPACT. ADDITIONAL IN-DEPTH ORGANIZATIONAL AND PROGRAMMATIC INFORMATION ISAVAILABLE IN SCHEDULE O SUPPLEMENTAL INFORMATION ADDITIONAL IN-DEPTH ORGANIZATIONAL AND PROGRAMMATIC INFORMATION ISAVAILABLE IN SCHEDULE O SUPPLEMENTAL INFORMATION.

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Trantor Score

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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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