Massachusetts Biotechnology Education Foundation Inc
- Assets
- $2.0m
- Revenue
- $3.6m
- Investments
- $0.0
- Employees
- 21
- Location
- Cambridge, MA
- Founding
- 08/2001
- Data as of
- 12/2023
- EIN
- 22-3799632
Organization Overview
Massachusetts Biotechnology Education Foundation Inc, operating under the name Massbioed, is located in Cambridge, MA. The organization was established in 2001. According to its NTEE Classification (B60) the organization is classified as: Adult Education, under the broad grouping of Education and related organizations. As of 12/2023, Massbioed employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Massbioed 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 12/2023, Massbioed generated $3.6m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 11.7% each year . All expenses for the organization totaled $3.5m during the year ending 12/2023. While expenses have increased by 12.8% per year over the past 9 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.
Since 2014, Massbioed has awarded 55 individual grants totaling $513,102. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
MASSBIOED'S MISSION IS TO BUILD A SUSTAINABLE LIFE SCIENCES WORKFORCE IN THE REGION THROUGH EDUCATIONAL PROGRAMS THAT ENGAGE AND EXCITE TEACHERS, INSPIRE, AND PROPEL STUDENTS, AND ILLUMINATE THE PATHWAY FROM THE CLASSROOM TO CAREERS WITH A FOCUS ON EXPANSION, OPPORTUNITY AND DIVERSITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE BIOTEACH PROGRAM FOCUSES ON STRENGTHENING THE ABILITY OF TEACHERS TO DELIVER LAB-CENTERED, INQUIRY-BASED LESSONS IN BIOTECHNOLOGY IN THEIR CLASSROOMS. THE PROGRAM INTRODUCES TEACHERS TO BASIC CONCEPTS IN BIOLOGY AND BIOTECHNOLOGY WITH SPECIFIC LABORATORY-BASED CURRICULA DESIGNED FOR TEACHING CONCEPTS. THE PROGRAM OFFERS FREE PROFESSIONAL DEVELOPMENT WORKSHOPS FOR EDUCATORS; TRAINING, CURRICULA, AND ON AND OFF-SITE MENTORING TO NEWLY TRAINED TEACHERS; ASSISTANCE TO TEACHERS WITH CONTENT ACQUISITION, PREPARATION AND EXECUTION OF CLASSROOM ACTIVITIES. THE PROGRAM ALSO OFFERS GRANTS FOR LAB EQUIPMENT, SUPPLIES AND MATERIALS. STUDENTS ARE INTRODUCED TO CAREERS THROUGH COLLEGE AND CAREER ENGAGEMENT EXPERIENCES WITH COLLEGES AND COMPANIES AND THROUGH OUR BANK OF VOLUNTEER CAREER AMBASSADORS WHO VISIT SCHOOLS AND MEET WITH STUDENTS REMOTELY AND ON-SITE WHEN POSSIBLE. OUR BIOTEACH PROGRAM HELD 11 TEACHER PROFESSIONAL DEVELOPMENT WORKSHOPS, WITH TOTAL ATTENDANCE OF 182 TEACHERS ACROSS ALL WORKSHOPS. ACROSS ALL BIOTEACH PROGRAMMING, WE ENGAGED NEARLY 14,385 STUDENTS IN AUTHENTIC SCIENCE LEARNING. THE TEACHER TRAININGS WERE VERY SUCCESSFUL WITH OVER 90-95% OF PARTICIPANTS REPORTING AN INCREASE IN CONFIDENCE IN EXECUTING LAB ACTIVITIES IN THEIR CLASSROOM OR REPORTING THAT THEY EXPECT TO UTILIZE THE RESOURCES IN THEIR CLASSROOM. WE WERE ALSO ABLE TO BRING OUR INTENSIVE ACCESS PROGRAM OF AUTHENTIC SCIENCE CONTENT AND CAREER AWARENESS TO OVER 4,500 STUDENTS IN LOW-INCOME AND HIGH-NEED SCHOOL DISTRICTS.
CORPORATE PROFESSIONAL DEVELOPMENT (CPD) PROGRAM PROVIDES PROFESSIONAL DEVELOPMENT OPPORTUNITIES FOR INCUMBENT WORKERS AND THOSE INTERESTED IN CAREERS IN THE INDUSTRY.
BIOTALENT INCLUDED SEVERAL DIFFERENT PROGRAMS FOCUSED ON UNDERSTANDING, BUILDING, AND SUPPORTING WORKFORCE DEVELOPMENT AND CAREER AWARENESS. ACTIVITIES INCLUDED:A. LABOR MARKET INFORMATION PROVIDE JOB TREND ANALYSIS, AND A GREATER UNDERSTANDING OF THE INDUSTRY'S WORKFORCE NEEDS IN TERMS OF SKILLS TO EDUCATORS AND THOSE IN INDUSTRY. IN 2023, MASSBIOED PUBLISHED THE MASSACHUSETTS LIFE SCIENCES EMPLOYMENT OUTLOOK, AND CONVENED THE LIFE SCIENCES WORKFORCE 2023 CONFERENCE IN JUNE, WHICH ATTRACTED OVER 391 PARTICIPANTS.B. COLLEGE TO CAREER BUILDS A CRITICAL BRIDGE BETWEEN CLASSROOM AND CAREERS. CAREER AMBASSADORS HELP TEACHERS BROADEN THEIR STUDENTS' HORIZONS AND ENCOURAGE AN INTEREST IN THE LIFE SCIENCES. SEVERAL MODES OF INTERACTION ARE OFFERED, FROM FORMAL CAREER PANELS TO SMALL GROUP Q&A SESSIONS. IN 2023, 668 COLLEGE STUDENTS PARTICIPATED IN CAREER AWARENESS ACTIVITIES WITH OVER 200 INDUSTRY VOLUNTEERS PARTICIPATING AND 121 FACULTY AND STAFF ENGAGING IN PROFESSIONAL DEVELOPMENT.C. CAREER HUB BRINGS GREATER LIFE SCIENCES AWARENESS, ACCESS, AND CAREER SERVICES TO MASSACHUSETTS RESIDENTS. IN 2023 362 STUDENTS ATTENDED A VIRTUAL CAREER FAIR, 270 PERSONS ATTENDED "WHAT THE HECK IS BOTECH" EVENTS.D. APPRENTICESHIP PROGRAMTO GROW AND DIVERSIFY THE WORKFORCE, BIOTALENT LAUNCHED LIFE SCIENCES APPRENTICESHIP PROGRAM THAT OFFERS STREAMLINED PATHWAYS INTO THE INDUSTRY. THE PROGRAM COMBINES TECHNICAL TRAINING, ON-SITE WORK EXPERIENCE, AND INCOME SUPPORT. WORKING WITH LEADING LIFE SCIENCE EMPLOYERS, MASSBIOED HAS DESIGNED TWO APPRENTICESHIPS - ONE FOR BIOMANUFACTURING TECHNICIANS AND ONE FOR CLINICAL TRIAL ASSOCIATES. BOTH PROGRAMS ENABLE INDIVIDUALS TO OBTAIN FOUNDATIONAL KNOWLEDGE AND INDUSTRY RECOGNIZED SKILLS, AND QUICKLY TRANSITION INTO EMPLOYMENT THAT PROVIDES MEANINGFUL WORK, FAMILY-SUSTAINING WAGES, AND CAREER GROWTH. IN 2023, THE APPRENTICESHIP PROGRAM HAD MULTIPLE CYCLES OF APPRENTICE TRAINING WITH A TOTAL OF 39 APPRENTICES, 65% OF WHOM WERE FEMALES AND 60% WERE POC.
PROFESSIONAL TRAINING CLASSES PROVIDE TECHNICAL AND SOFT SKILLS TRAINING AND PROFESSIONAL DEVELOPMENT TO INDIVIDUALS IN THE BIOTECH INDUSTRY. THE COURSE ARE DEVELOPED IN CONJUNCTION WITH INDUSTRY PROFESSIONALS. IN 2023, 502 INDIVIDUALS ATTENDED ONE OR MORE OF OUR COURSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kendalle Burlin O'connell Dir./ Pres. & CEO Of Massbio | Trustee | 1 | $0 |
Sondra Schwartz Chief Executive Officer | Officer | 40 | $226,579 |
Michelle Mischke VP Biotechnology Educ. Prog. | 40 | $150,805 | |
Marcie Laden Sr Dir. Of Mktg. & Development | 40 | $126,679 | |
Spencer Klein Director Of Finance & Admin | Officer | 40 | $116,089 |
Whitney Hagins Director Of Bioteach Instruction | 40 | $102,373 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Suffolk Construction Company Construction And General Contractor | 12/30/19 | $1,083,661 |
Stantec Planning And Landscaping Architt Termeer Architect | 12/30/19 | $205,515 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $215,377 |
| Related organizations | $0 |
| Government grants | $991,692 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,306,957 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,514,026 |
| Total Program Service Revenue | $1,085,697 |
| Investment income | $29,492 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$18,756 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,623,323 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $46,606 |
| 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. | $381,903 |
| Compensation of current officers, directors, key employees. | $59,040 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,367,843 |
| Pension plan accruals and contributions | $40,750 |
| Other employee benefits | $289,193 |
| Payroll taxes | $130,598 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,327 |
| Fees for services: Lobbying | $61,538 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $717,005 |
| Advertising and promotion | $5,235 |
| Office expenses | $114,939 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $106,273 |
| Travel | $27,406 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $17,121 |
| Insurance | $2,983 |
| All other expenses | $1,355 |
| Total functional expenses | $3,478,040 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $19,818 |
| Savings and temporary cash investments | $753,903 |
| Pledges and grants receivable | $864,561 |
| Accounts receivable, net | $232,000 |
| 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 | $5,000 |
| Net Land, buildings, and equipment | $9,802 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $109,714 |
| Total assets | $1,994,798 |
| Accounts payable and accrued expenses | $157,725 |
| Grants payable | $0 |
| Deferred revenue | $4,542 |
| 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 | $0 |
| Other liabilities | $13,602 |
| Total liabilities | $175,869 |
| Net assets without donor restrictions | $1,460,557 |
| Net assets with donor restrictions | $358,372 |
| 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 | $1,994,798 |
Grants Awarded
Over the last fiscal year, Massachusetts Biotechnology Education Foundation Inc has awarded $11,789 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CHELSEA HIGH SCHOOL PURPOSE: SPARK INTEREST IN BIOTECH | $5,250 |
WHITTIER VOCTECH HIGH PURPOSE: SPARK INTEREST IN BIOTECH | $6,539 |