Overview
What is Massachusetts Biotechnology Education Foundation Inc?
Massachusetts Biotechnology Education Foundation Inc, or MASSBIOED, is a nonprofit organization situated in Cambridge, Massachusetts. Their primary mission is to foster a sustainable life sciences workforce in the region by engaging and inspiring teachers, empowering students, and illuminating career paths. They achieve this through educational programs that strengthen teachers' abilities to deliver lab-centered, inquiry-based lessons in biotechnology. These programs introduce teachers to fundamental concepts in biology and biotechnology, offering free professional development workshops, training, curriculum, mentoring, and grants for lab equipment. MASSBIOED also facilitates college and career engagement experiences for students and provides career ambassadors. In 20XX, they conducted 12 teacher professional development workshops, engaging nearly 10,000 students in authentic science learning, and reported high success rates. Their initiatives focus on expansion, opportunity, and diversity in the life sciences field.
Official website here: www.massbioed.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%, Four-Star out of Four Star rating
The Massachusetts Biotechnology Education Foundation Inc has received a commendable Four-Star rating from Charity Navigator, indicating a high level of accountability and financial health. With an impressive score of 97 for Accountability & Finance, the organization demonstrates strong oversight and financial practices, ensuring that a significant portion of its expenses directly supports its programs.
One of the foundation's notable strengths is its efficient fundraising, with a fundraising efficiency ratio of $0.11, signaling effective management of raised funds. Additionally, the organization boasts a high percentage of independent board members (90%), which enhances its governance and decision-making processes. The organization also excels in collecting and utilizing constituent feedback, achieving perfect scores across various feedback categories.
However, there are areas where improvement could be considered, particularly in its Program Expense Ratio of 81.31%, which, while solid, leaves room for further emphasis on program spending. The Working Capital Ratio of 0.56 years may indicate potential liquidity concerns, suggesting that the foundation could strengthen its financial reserves for better long-term stability. Overall, the Massachusetts Biotechnology Education Foundation Inc is recognized for its strong commitment to accountability and effective community engagement.
This AI summary has been generated from information found on Charity Navigator.
Is Massachusetts Biotechnology Education Foundation Inc legitimate?
Massachusetts Biotechnology Education Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Massachusetts Biotechnology Education Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $341,336
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,183,933
For more financial information, click here
Official website here: www.massbioed.org
What is the mission statement of Massachusetts Biotechnology Education Foundation Inc?
Massachusetts Biotechnology Education Foundation Inc's mission is centered around building a sustainable life sciences workforce in the region. This is achieved through educational programs that engage and inspire teachers, motivate students, and illuminate the pathway from the classroom to careers. The focus is on expansion, opportunity, and diversity. The Bioteach program, one of their initiatives, strengthens teachers' abilities to deliver lab-centered, inquiry-based lessons in biotechnology. They offer professional development workshops, training, curriculum, and mentoring to teachers, as well as grants for lab equipment and supplies. The program introduces students to careers through college and career engagement experiences and volunteer career ambassadors. Their Bioteach program reached over 150 teachers and engaged nearly 10,000 students in authentic science learning. The teacher trainings were successful, with over 90% of participants reporting increased confidence in executing lab activities or planning to utilize the resources in their classrooms.
Official website here: www.massbioed.org
Who is the CEO of Massachusetts Biotechnology Education Foundation Inc?
Sondra Schwartz is the Ceo Of Massbio of Massachusetts Biotechnology Education Foundation Inc. The CEO's salary of Massachusetts Biotechnology Education Foundation Inc is $212,508 and their total compensation is $222,722.
Official website here: www.massbioed.org
What is the revenue of Massachusetts Biotechnology Education Foundation Inc?
Massachusetts Biotechnology Education Foundation Inc's revenue in 2022 was $3,237,337.
Official website here: www.massbioed.org
Who are the executives of Massachusetts Biotechnology Education Foundation Inc and what are their salaries?
The average compensation at Massachusetts Biotechnology Education Foundation Inc during 2022 was $76,263. There are 20 employees and 119 volunteers at Massachusetts Biotechnology Education Foundation Inc.
Here are 27 key members and their salaries (Massachusetts Biotechnology Education Foundation Inc's CEO's salary is $212,508 and their total compensation is $222,722):
- Compensation: $0
- Related: $599,933
- Other: $29,141
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- Related: $526,892
- Other: $21,376
- Compensation: $212,508
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- Other: $10,214
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- Other: $6,586
- Compensation: $120,470
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- Other: $9,019
- Compensation: $111,691
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- Other: $6,923
- Compensation: $104,762
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Official website here: www.massbioed.org
Where can I find the form 990 for Massachusetts Biotechnology Education Foundation Inc?
Massachusetts Biotechnology Education Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.massbioed.org
Learn more at the official website: www.massbioed.org
Mission Statement of Massachusetts Biotechnology Education Foundation Inc
Massachusetts Biotechnology Education Foundation, often referred to as MASSBIOED, is dedicated to establishing a sustainable life sciences workforce in its region. To accomplish this, the organization focuses on educational programs that engage and inspire teachers, motivate students, and clarify the pathway from the classroom to careers. MASSBIOED's mission is centered around expansion, opportunity, and diversity, aiming to create an inclusive and robust workforce in the life sciences field.
Through its Bioteach program, MASSBIOED works to strengthen teachers' abilities to deliver lab-centered, inquiry-based lessons in biotechnology. The program introduces teachers to fundamental concepts in biology and biotechnology, providing them with specific laboratory-based curricula designed to teach these concepts. MASSBIOED offers free professional development workshops for educators, training, curricula, and mentoring to newly trained teachers. The organization also provides assistance to teachers in acquiring, preparing, and executing classroom activities, as well as grants for lab equipment, supplies, and materials. By engaging nearly 10,000 students in authentic science learning, MASSBIOED aims to introduce students to potential careers in the life sciences field.
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Impact
October, 2024
Massachusetts Biotechnology Education Foundation Inc has a significant impact on the development of a skilled life sciences workforce in the region. By focusing on educational programs that engage teachers and inspire students, the foundation enhances the quality of science education in classrooms and illuminates career pathways in the biotechnology field.
Through its BioTeach program, the foundation strengthens teachers' ability to deliver lab-centered, inquiry-based lessons, equipping them with innovative curricula and hands-on training. This program not only enhances educators' confidence—over 90% reported increased confidence in executing lab activities—but also provides essential resources such as grants for lab equipment and materials.
The foundation's efforts reach far beyond teachers, positively affecting nearly 10,000 students by providing them with authentic science learning experiences. Its commitment to diversity and opportunity is evident in the intensive access program, which brings quality educational content and career awareness to over 4,250 students in low-income and high-need districts, ensuring that all learners have access to career pathways in biotechnology.
By organizing professional development workshops and engaging students with career ambassadors from local colleges and companies, Massachusetts Biotechnology Education Foundation Inc successfully cultivates a robust pipeline of future talent for the life sciences sector. This focus on educational enhancement and career exposure positions the foundation as a crucial player in fostering a sustainable and diverse workforce in the biotechnology industry.
This information is meant to be a general summary of Massachusetts Biotechnology Education Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $13,820
- Program Service Revenue: $1,517,316
- Gross Receipts: $3,277,848
Assets and Liabilities:
- Total Assets: $1,941,454
- Total Liabilities: $267,808
- Net Assets: $1,673,646
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
APPRENTICESHIP EMPLOYE
Revenue
$894,000
ATTENDANCE FEES
Revenue
$567,966
CONSULTING REVENUE
Revenue
$55,350
Organization Details
Founding Year
2001
Phone
(617) 674-5100Principal Officer
Sondra Schwartz
Main Address
255 MAIN STREET 8TH FLOOR, CAMBRIDGE, MA, 02142
Website
www.massbioed.orgNTEE Category
Code: B60 - Education
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