Biotechnology Institute
- Assets
- $332.9k
- Revenue
- $775.5k
- Investments
- $0.0
- Employees
- 6
- Location
- Washington, DC
- Founding
- 06/2003
- Data as of
- 12/2021
- EIN
- 25-1716917
Organization Overview
Biotechnology Institute is located in Washington, DC. The organization was established in 2003. According to its NTEE Classification (G05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. As of 12/2021, Biotechnology Institute employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Biotechnology Institute 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, Biotechnology Institute generated $775.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.6%) each year. All expenses for the organization totaled $511.3k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (6.5%) per year over the past 7 years. 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
SEE PART III, LINE 1.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NETWORK BY WORKING WITH AND THROUGH STATE ORGANIZATIONS, HAS HAD GREAT SUCCESS. THE RESULT OF OUR PARTNERSHIPS HAS BEEN A DRAMATIC INCREASE IN THE NUMBER OF BIOGENEIUS PARTICIPANTS. THE 2021 INTERNATIONAL EVENTS TOOK PLACE IN CONJUNCTION WITH THE BIO INTERNATIONAL CONVENTION (JUNE 10-18, 2021, VIRTUAL PLATFORM). WE HAD GREAT SUCCESS PROVIDING VIRTUAL SCIENCE COURSES TO ELEMENTARY AND MIDDLE SCHOOL STUDENTS FROM UNDER RESOURCED POPULATIONS DURING THE PANDEMIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Greenwood Chairman | OfficerTrustee | 4 | $0 |
Heidi Jarvis Grimes Treasurer | OfficerTrustee | 4 | $0 |
Lawrence Mahan President | Officer | 30 | $0 |
Lecia Brown Board Member | Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $775,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $775,500 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $775,500 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $7,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $245,873 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $58,811 |
| Payroll taxes | $23,713 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,300 |
| Fees for services: Accounting | $2,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $9,902 |
| Information technology | $10,670 |
| Royalties | $0 |
| Occupancy | $12,755 |
| Travel | $2,563 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $129,428 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $6,251 |
| All other expenses | $0 |
| Total functional expenses | $511,266 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $332,686 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $189 |
| 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 | $332,875 |
| Accounts payable and accrued expenses | $180 |
| 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 | $85,000 |
| Other liabilities | $0 |
| Total liabilities | $85,180 |
| Net assets without donor restrictions | $247,695 |
| 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 | $332,875 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Biotechnology Institute has recieved totaling $40,000.
| Awarding Organization | Amount |
|---|---|
Pharmaceutical Research And Manufacturers Of America Washington, DC PURPOSE: General Contribution | $40,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Diabetes Association Inc Arlington, VA | $186,412,830 | $138,165,721 |
Childrens Anesthesiology Associates Ltd Philadelphia, PA | $90,428,802 | $78,341,848 |
American Society Of Hematology Inc Washington, DC | $269,921,032 | $90,599,012 |
Hjf Medical Research International Inc Bethesda, MD | $19,768,728 | $65,415,188 |
American Board Of Family Medicine Inc Lexington, KY | $185,304,268 | $55,757,459 |
American Board Of Internal Medicine Philadelphia, PA | $82,417,925 | $65,250,623 |
Brightfocus Foundation Clarksburg, MD | $65,540,964 | $50,757,728 |
Accessia Health Midlothian, VA | $82,183,430 | $32,919,097 |
Ecog-Acrin Medical Research Foundation Inc Philadelphia, PA | $11,624,125 | $49,270,427 |
Aids Care Group Chester, PA | $22,286,127 | $51,683,726 |
Amyotrophic Lateral Sclerosis Assn Arlington, VA | $98,343,083 | $39,792,803 |
Chambersburg Health Services York, PA | $113,289,176 | $40,579,886 |