Biotechnical Institutes Of Maryland is located in Baltimore, MD. The organization was established in 1999. According to its NTEE Classification (B30) the organization is classified as: Vocational & Technical Schools, under the broad grouping of Education and related organizations. As of 12/2023, Biotechnical Institutes Of Maryland employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Biotechnical Institutes Of Maryland 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, Biotechnical Institutes Of Maryland generated $1.3m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of 0.0% each year. All expenses for the organization totaled $993.7k during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
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
Describe the Organization's Program Activity:
Part 3 - Line 4a
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.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
John C Weiss III Chair And President | OfficerTrustee | 1 | $0 |
Pablo Pineyro President | OfficerTrustee | 1 | $0 |
Roger Ward Vice President | OfficerTrustee | 1 | $0 |
Tonya Webb Vice President | OfficerTrustee | 1 | $0 |
Richard A Grossi Treasurer | OfficerTrustee | 1 | $0 |
Keena Thomas Assistant Treasurer | OfficerTrustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $437,623 |
All other contributions, gifts, grants, and similar amounts not included above | $815,642 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $1,253,265 |
Total Program Service Revenue | $17,752 |
Investment income | $392 |
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 | $1,271,409 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $31,095 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $238,433 |
Compensation of current officers, directors, key employees. | $47,056 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $226,169 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $38,621 |
Payroll taxes | $39,661 |
Fees for services: Management | $124,665 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $30,683 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $725 |
Office expenses | $31,393 |
Information technology | $8,526 |
Royalties | $0 |
Occupancy | $100,106 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $3,053 |
Interest | $4,336 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $52,677 |
Insurance | $14,661 |
All other expenses | $150 |
Total functional expenses | $993,702 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $949,357 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $216,247 |
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 | $9,816 |
Net Land, buildings, and equipment | $152,349 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $156,931 |
Total assets | $1,484,700 |
Accounts payable and accrued expenses | $46,916 |
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 | $0 |
Other liabilities | $175,901 |
Total liabilities | $222,817 |
Net assets without donor restrictions | $1,059,826 |
Net assets with donor restrictions | $202,057 |
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 | $1,484,700 |