Business Training Institute Inc
- Assets
- $245.8k
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 129
- Location
- Utica, NY
- Founding
- 05/1993
- Data as of
- 12/2021
- EIN
- 16-1411935
Organization Overview
Business Training Institute Inc is located in Utica, NY. The organization was established in 1993. According to its NTEE Classification (S43) the organization is classified as: Small Business Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Business Training Institute Inc employed 129 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Business Training Institute Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Business Training Institute Inc generated $1.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $1.4m during the year ending 12/2021. While expenses have increased by 0.3% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
ASSIST IN ENTREPRENURIAL AND EDUCATION SERVICES TO CHANGE BEHAVIOR AND BECOME SELF SUPPORTING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
21ST CENTURY COMMUNITY LEARNING CENTER - THIS PROGRAM PROVIDES AFTER-SCHOOL ACTIVITIES FOR LOW PERFORMING STUDENTS AND THEIR FAMILIES IN THE UTICA CITY SCHOOL DISTRICT (MIDDLE AND HIGH SCHOOL LEVEL). SOME OF THE ACTIVITIES PROVIDED INCLUDE TUTORING, ACTIVE FAMILY LEARNING SERIES, CAREER EXPLORATION, ENTREPRENEURSHIP, CAREER AND COLLEGE BOUND, FINANCIAL MANAGEMENT, HEALTH AND WELLNESS, THEATER, DRAMA AND PERFORMING ARTS. THIS PROGRAM IS FUNDED BY GOVERNMENT CONTRIBUTIONS THAT AMOUNTED TO $954,262.
EXTENDED DAY - THIS PROGRAM PROVIDES AFTER-SCHOOL PROGRAMMING FOR THE UTICA CITY SCHOOL DISTRICT (HIGH SCHOOL). SOME AFTER SCHOOL ACTIVITIES THAT BTI PROVIDES ARE THE PLEASE STAND UP! ANTI-VIOLENCE PROGRAMS, TUTORING AND CAREER EDUCATION PROGRAMS. THIS PROGRAM IS FUNDED BY GOVERNMENT CONTRIBUTIONS THAT AMOUNTED TO $199,565.
ENTREPRENEUR ASSISTANCE PROGRAM (EAP) - THIS PROGRAM SERVES WOMEN, MINORITIES, DISLOCATED WORKERS AND LOW INCOME CLIENTS BY OFFERING THEM TRAINING AND TECHNICAL ASSISTANCE TO START OR EXPAND A BUSINESS. EAP COVERS THREE COUNTIES IN UPSTATE NEW YORK (ONEIDA, HERKIMER, MADISON) AND OFFERS A 60 HOUR COMPREHENSIVE TRAINING PROGRAM AND ONE-ON-ONE COUNSELING SESSIONS. THIS PROGRAM IS FUNDED BY GOVERNMENT CONTRIBUTIONS THAT AMOUNTED TO $120,773.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Patricia Laino Executive Director | Officer | 40 | $160,160 |
Dina Vullo Director Of Finance | Officer | 40 | $97,240 |
Dottie Gokey President | OfficerTrustee | 0.5 | $0 |
Julieann Moyer Vice President | OfficerTrustee | 0.5 | $0 |
Deborah Jennings Treasurer | OfficerTrustee | 0.5 | $0 |
Colleen Pardi Secretary | OfficerTrustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,424,600 |
| All other contributions, gifts, grants, and similar amounts not included above | $8,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,432,600 |
| Total Program Service Revenue | $0 |
| Investment income | $14 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,451,359 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $273,876 |
| Compensation of current officers, directors, key employees. | $38,219 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $873,647 |
| Pension plan accruals and contributions | $3,924 |
| Other employee benefits | $52,703 |
| Payroll taxes | $110,734 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $24,057 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $20,200 |
| Advertising and promotion | $0 |
| Office expenses | $7,164 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $28,212 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,446 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $7,699 |
| All other expenses | $0 |
| Total functional expenses | $1,445,406 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $59,680 |
| Savings and temporary cash investments | $310 |
| Pledges and grants receivable | $185,827 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $245,817 |
| Accounts payable and accrued expenses | $34,164 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $75,900 |
| Other liabilities | $20,000 |
| Total liabilities | $130,064 |
| Net assets without donor restrictions | $115,753 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $245,817 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Business Training Institute Inc has recieved totaling $3,000.
| Awarding Organization | Amount |
|---|---|
Bank Of Utica Foundation Inc Utica, NY PURPOSE: GENERAL | $3,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Center For Civic Innovation Inc New York, NY | $21,208,939 | $12,582,443 |
Masschallenge Boston, MA | $11,733,602 | $12,993,021 |
Ben Franklin Technology Center Of Southeastern Pennsylvania Philadelphia, PA | $114,107,980 | $9,362,495 |
Entrepreneurship For All Inc Lowell, MA | $9,819,862 | $9,183,052 |
Trenton Business Assistance Corporation Mercerville, NJ | $91,160,866 | $14,574,637 |
Economic Progress Alliance Of Crawford County Meadville, PA | $32,588,545 | $5,037,136 |
Trickle Up Program Inc New York, NY | $7,710,130 | $4,721,602 |
Commonwealth Kitchen Inc Dorchester, MA | $6,037,148 | $6,037,848 |
Manufacturers Resource Center Allentown, PA | $3,950,399 | $3,151,417 |
Spedd Inc Vandergrift, PA | $27,841,148 | $4,019,412 |
World Trade Center Small Business Recovery Fund Inc Albany, NY | $0 | $35,625 |
Latin American Venture Capital Association New York, NY | $0 | $1,998,213 |