Biotechnical Institute of Maryland Inc

Nonprofit profile at a glance

EIN
522067671
IRS 990 coverage
2011–2024
Forms available
Form 990 2024
Location
Baltimore, MD, USA
Phone
4107524224
Rating
85
Verdict
STRONG
Rating confidence
Moderate
Sector
Vocational, Technical Schools

Official website

Reported finances

Revenue
$537,656
Expenses
$993,629
Assets
$967,713
Liabilities
$161,802

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

14 people listed

Executive titles in this filing

  • JOHN C WEISS III (CHAIR AND PRESIDENT)
  • PABLO PINEYRO (PRESIDENT)
  • ROGER WARD (VICE PRESIDENT)
  • TONYA WEBB (VICE PRESIDENT)

Highest reported compensation

  • BRANDY CARTER (EXEC. DIRECTOR): $126,024 total reported compensation
  • TIMOTHY FAWCETT (SCIENCE DIRECTOR): $124,718 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

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.

What it reported doing in 2024

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.

Operating model

Revenue model
Donor-supported. 78% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 96% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 83
  • Transparency & Controls: 87
  • Accountability: 100
  • Sustainability: 18
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 81.5%; rating input score 81
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 92.9%; rating input score 93; 19th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 88.1%; rating input score 88; 37th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 8 of 8 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -84.8%; rating input score 1; 1st percentile among comparable filings
  • Total-asset coverage ratio: 0.97; rating input score 42; 42nd percentile among comparable filings
  • Liabilities to assets ratio: 0.17; rating input score 34; 34th percentile among comparable filings
  • Officer compensation ratio: 25.2%; rating input score 10; 10th percentile among comparable filings

Growth

  • Program expense growth: 1.1% per year; rating input score 100; 22nd percentile among comparable filings
  • Revenue growth: 0.2% per year; rating input score 100; 15th percentile among comparable filings
  • Asset growth: 5.7% per year; rating input score 100; 42nd percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 81.5% of spending went to programs
  • Governance: 11 of 11 board members independent · 8 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $810K in reported program spending
  • Leadership: top reported pay $126K · 14 people listed
  • Consistency: 29 of 30 current checks pass · 1 finding to review
  • Schedules: 6 filed schedules · includes major donors and grants
  • Filing history: 14 filing years from 2011 to 2024
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Related organizations: Filed and resolved organization relationships.
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Sustainability: Operating margin scored 1/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 42/100.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
  • High — Sustainability: Officer compensation ratio scored 10/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 34/100.