Open Biopharma Training Institute Inc

Nonprofit profile at a glance

EIN
842113756
IRS 990 coverage
2024–2024
Forms available
Form 990 2024, Form 990-EZ 2022
Location
Carlsbad, CA, USA
Phone
6197860917
Rating
76
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Science and Technology N.E.C.

Reported finances

Revenue
$1,098,841
Expenses
$901,591
Assets
$231,411
Liabilities
$27,791

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

Leadership & pay

3 people listed

People named in this filing

  • SUSAN SZATHMARY MD PHD (EXEC DIRECTOR)
  • RICHARD JAENISCH (Treasurer)
  • KEAU WONG (Director)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

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

Overview

Mission

Training and educating biotech industry professionals, employees, students, and military veterans seeking employment in the biotech sector is the primary activity of open biopharma training institute inc. This training will familiarize trainees with the latest biotech processes and equipment and expose them to current research theories and projects. Secondarily - providing access to equipment, systems, and resources for startups, middle-sized companies, and research partners is another activity of open biopharma. The goal here is to foster and assist biotech companies in survival between their startup and phase iii clinical trials and to partner with other researchers in furthering viable solutions to disease diagnosis, prevention, control, and treatment.

What it reported doing in 2024

Lyophilization, ai, and fundamentals of aseptice processing trainings for industry associations (pda) and partners.

Operating model

Revenue model
Earned-program. 100% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 100% 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.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 70
  • Transparency & Controls: 90
  • Accountability: 76
  • Sustainability: 53
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 73.2%; rating input score 73
  • Program expense ratio: 89.2%; rating input score 89
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 3 of 7 controls in place; rating input score 43
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 18%; rating input score 74; 74th percentile among comparable filings
  • Total-asset coverage ratio: 0.26; rating input score 12; 12th percentile among comparable filings
  • Liabilities to assets ratio: 0.12; rating input score 40; 40th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 81; 81st percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: 89.1% per year; rating input score 100; 99th percentile among comparable filings
  • Asset growth: 74.2% per year; rating input score 100; 98th percentile among comparable filings

Details

  • Where the money goes: 73.2% of revenue deployed · 89.2% of spending went to programs
  • Governance: 3 of 3 board members independent · 3 of 7 filing controls reported
  • Programs: 3 filed program accomplishments · $804K in reported program spending
  • Leadership: top reported pay $0 · 3 people listed
  • Consistency: 21 of 21 current checks pass
  • Schedules: 4 filed schedules
  • Contacts: How to reach this organization
  • Related organizations: 1 filed related-organization link
  • 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.

  • Moderate — Accountability: Governance controls: 3 of 6 not reported.
  • High — Sustainability: Total-asset coverage ratio scored 12/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 40/100.