Civic Intelligence

Baltimore Under Ground Science Space Inc

990 • Fiscal year 2022 • EIN 46-0738285

Jan 01, 2022 to Dec 31, 2022 • Filed on Jul 31, 2023

101 North Haven Street Suite 105Baltimore, MD 21224

(443) 452-8498

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

79th percentile

0.09x

Higher debt load relative to assets than 79% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

79th percentile

0.06x

Higher debt load relative to revenue than 79% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

11th percentile

-43%

Higher net margin than 11% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

79th percentile

$1,200

Higher top officer pay than 79% of similar nonprofits.

Top officer pay equals 1.4% of source-year revenue.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

12th percentile

-40%

Faster asset growth than 12% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

9th percentile

-57%

Faster revenue growth than 9% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Assets

Down

$60,346

Down $40,292 (-40%) from 2021

Net Assets

Down

$54,847

Down $36,983 (-40%) from 2021

Liabilities

Down

$5,499

Down $3,309 (-38%) from 2021

Revenue

Down

$87,236

Down $114,870 (-57%) from 2021

Expenses

Down

$125,059

Down $7,497 (-5.7%) from 2021

Net Income

Down

-$37,823

Down $107,373 (-154%) from 2021

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$150K$100K$50K$0-$50KAssets 2015: $14,356Liabilities 2015: $5,317Net Assets 2015: $9,0392015Assets 2016: $41,034Liabilities 2016: $14,018Net Assets 2016: $27,0162016Assets 2017: $8,379Liabilities 2017: $15,174Net Assets 2017: -$6,7952017Assets 2018: $16,926Liabilities 2018: $4,426Net Assets 2018: $12,5002018Assets 2019: $11,797Liabilities 2019: $880Net Assets 2019: $10,9172019Assets 2020: $28,173Liabilities 2020: $6,042Net Assets 2020: $22,1312020Assets 2021: $100,638Liabilities 2021: $8,808Net Assets 2021: $91,8302021Assets 2022: $60,346Liabilities 2022: $5,499Net Assets 2022: $54,8472022Assets 2023: $51,314Liabilities 2023: $3,857Net Assets 2023: $47,4572023Assets 2024: $139,970Liabilities 2024: $76,515Net Assets 2024: $63,4552024

Highlighted filing

2022

Assets$60,346
Liabilities$5,499
Net Assets$54,847

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$300K$200K$100K$0-$100KRevenue 2015: $65,993Expenses 2015: $60,069Net Income 2015: $5,9242015Revenue 2016: $164,317Expenses 2016: $144,096Net Income 2016: $20,2212016Revenue 2017: $119,828Expenses 2017: $153,639Net Income 2017: -$33,8112017Revenue 2018: $148,673Expenses 2018: $129,378Net Income 2018: $19,2952018Revenue 2019: $61,129Expenses 2019: $66,086Net Income 2019: -$4,9572019Revenue 2020: $61,808Expenses 2020: $50,670Net Income 2020: $11,1382020Revenue 2021: $202,106Expenses 2021: $132,556Net Income 2021: $69,5502021Revenue 2022: $87,236Expenses 2022: $125,059Net Income 2022: -$37,8232022Revenue 2023: $121,272Expenses 2023: $130,113Net Income 2023: -$8,8412023Revenue 2024: $194,664Expenses 2024: $178,666Net Income 2024: $15,9982024

Highlighted filing

2022

Revenue$87,236
Expenses$125,059
Net Income-$37,823
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Jul 31, 2023
Return Version
2022v5.0
Gross Receipts
$87,236
Mission and Program Overview

Mission

See page 1, Part I, 1.

The mission of Baltimore Under Ground Science Space, Inc. (BUGSS) is to foster a community of citizen-scientists, who can explore biotechnology in a safe, constructive and socially-responsible manner. BUGSS is a community laboratory that promotes education and understanding of biotechnology, doing so by offering courses, informational talks, community projects, workshops, student science-fair assistance and an open laboratory, where individuals can conduct biotechnology experiments. At BUGSS, we believe that biotechnology and synthetic biology are the fabrication technologies of the future, and a key component of a sustainable economy in the mid-Atlantic region. BUGSS offers entrepreneurs access to low-cost laboratory space for early-stage, proof-of-concept and developmental experiments.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$75,468$34,873▼ $40,595
Land, Buildings, and Equipment, Net$23,334$23,190▼ $144
Loans From Officers Directors$5,000$5,000→ $0
Prepaid Expenses and Deferred Charges$1,164$1,053▼ $111
Accounts Receivable$1,331$1,033▼ $298
Inventories for Sale or Use$197$197→ $0
Savings and Temporary Cash Investments$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Total Assets$101,494$60,346▼ $41,148
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$3,824$499▼ $3,325
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0--
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$8,824$5,499▼ $3,325
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$92,670$54,847▼ $37,823
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$92,670$54,847▼ $37,823
Total Liabilities and Net Assets / Fund Balance$101,494$60,346▼ $41,148

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$21,245$4,930$26,175
Leasehold Improvements$1,945$25$1,970
Buildings$0$0$0
Other Land Buildings$0$0$0
Land$0-$0
Compensation and Service Providers

Employees

NameTitleBaseTotal
Joel Tysondirector$1,200$1,200

Board Members and Trustees

NameTitle
Thomas J Burkettpresident
Anne Hamburgerdirector
Jennifer Wintersdirector
Nina Rajpurohitdirector
Lisa Scheifeleexecutive director
Linda Saffersecretary
Michael Johnsontreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$43,746
Program Service Revenue
$12,391
Investment Income
$0
Other Revenue
$31,099
All Other Contributions
$43,746
Change in Net Assets
$-37,823
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$123,057
Salaries, Compensation, and Employee Benefits$2,002
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$0$37,252$0$37,252
All Other Expenses$289$2,007$0$2,296
Insurance$0$2,165$0$2,165
Depreciation Depletion$0$2,114$0$2,114
Other Expenses$0$1,839$0$1,839
Current Officers, Directors, Trustees, and Key Employees$0$1,200$0$1,200
Fees for Services Accounting$0$1,023$0$1,023
Advertising$52$911$0$963
Other Salaries and Wages$0$660$0$660
Office Expenses$0$218$0$218
Payroll Taxes$0$142$0$142
Total Functional Expenses$48,887$76,172$0$125,059
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$5,000$5,000→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
Yes
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 4

In 2022, the corporation's bylaws were amended to remove a previously existing restriction on the number of terms a member may serve on the Board of Directors.

Form 990, Part VI, Section B, Line 11B

Initially, a draft of the completed 2022 form 990 and supporting schedules is reviewed by the entity's officers and the finance committee. Thereafter, the draft is reviewed by all remaining member of the Board of Directors. All parties review the data, have an opportunity to offer refinements to narrative language as well as the overall presentation, and provide approval. Copies of the 2022 Form 990 package, as it is then to be filed with IRS, are provided to the full Board of Directors. The complete product, with supporting schedules, is then electronically submitted to IRS.

Form 990, Part VI, Section B, Line 12C

Semi-annually, members of management and members of the Board of Directors are required to review and sign a conflict-of-interest form, which discloses any such issue. Forms are reviewed to ensure compliance and any areas of concern are thoroughly discussed and remedied at the time, and throughout the year. Board members having a conflict of interest are required to recuse themselves from voting on matters for which they have a conflict.

Form 990, Part VI, Section B, Line 15

In contemplation of any new hirings, management consults industry pay scales and similar nonprofits for as-needed guidance, documenting such information and decision-making in contemporaneous minutes of Board of Director meetings.

Form 990, Part VI, Section C, Line 19

The organization maintains copies of its governing documents, conflict-of-interest policy (and other policies) and financial statements, which are available for inspection, during regular business hours, at the organization's principal office. The organization complies with all requests, written or oral, for copies of these documents.

Filing and Contact Details

Filer

Filer Name
BALTIMORE UNDER GROUND SCIENCE SPACE Inc
EIN
46-0738285
Phone
4434528498
Address
101 North Haven Street Suite 105, Baltimore, MD 21224

Signing Officer

Name
Thomas Burkett PhD
Title
president
Phone
4434528498
Signed
2023-07-31

Organization Details

Principal Officer
Thomas J Burkett PhD
Formed
2012
Legal Domicile
Md
Voting Board Members
8
Independent Board Members
8
Employees
2
Volunteers
80
Supplemental Narrative

Additional Explanations

Form 990, Header, Line D

U. S. taxpayers, including not-for-profit entities, wishing to perpetuate their de minimis safe-harbor election from year to year, are required to append such election, annually and every tax year, to the rear of the return's filing, whether a tax return or an information return. Such attachment, however, is not feasible with electronic filing. In lieu thereof, such election is made here, having the same force as if appended. Section 1.263(A)-1(F) De Minimis Safe-Harbor Election: Taxpayer Name: Baltimore Under Ground Science Space, Inc.; Taxpayer Address: 101 North Haven Street, Suite 105, Baltimore, MD 21224; Taxpayer FEIN: 46-0738285. Taxpayer, for 2022, hereby makes the de minimis safe-harbor election under Regulation 1.263(A)-1(F).

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IRS990/Desc0Community and Individual Member Projects - Central to BUGSS' mission is the provision of lab space to individuals and groups within our community who wish to conduct experiments of their own design. Individuals pay membership fees to BUGSS, which arrangement enables them to access equipment and facilities at the BUGSS lab as well as a small number of disposable reagents. In this way, we dramatically reduce startup costs for those interested in pursuing high-risk, non-traditional, multi-disciplinary and early-stage projects. In 2022, BUGSS' most active community project was Open Insulin, an initiative to synthesize and produce insulin at community scale to compete with high-cost, insulin analogs produced by pharmaceutical companies. BUGSS members focused on optimizing the growth of host E. coli cells in a bioreactor, a device that regulates and optimizes cell growth. By increasing cell mass, we can dramatically increase the amount of insulin protein produced in those cells. Our team of ten members met one or more times per week to collaborate on this project. We also strengthened our connection with the national Open Insulin Foundation and a second research site, Counter Culture Labs, through monthly inter-lab meetings. In addition to our community projects, we had individual members who pursued projects at BUGSS. These included genetic engineering of plant species for which few genetic tools currently exist, creation of plant cellulose through genetic engineering, analysis of bacteria living in Baltimore's Inner Harbor, and engineering of coral to resist bleaching and global warming. We also continued our support for early-stage entrepreneurs, with three companies being based at BUGSS and conducting research in our facility. Two participate in our Joint Membership program with Harbor Launch at the Institute of Marine and Environmental Technology, thereby benefiting from the scientific resources at BUGSS and the business and legal resources provided to Harbor Launch Associates.
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IRS990/FSAuditedInd00
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IRS990/GamingActivitiesInd00
IRS990/GamingDirectExpensesAmt00
IRS990/GamingGrossIncomeAmt00
IRS990/GoverningBodyVotingMembersCnt08
IRS990/GovernmentGrantsAmt00
IRS990/GrantAmt00
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IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt00
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IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/OtherAmt00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt00
IRS990/GrossReceiptsAmt087236
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IRS990/GrossSalesOfInventoryAmt00
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IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/FundraisingAmt00
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IRS990/LandBldgEquipCostOrOtherBssAmt028145
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IRS990/LessRentalExpensesGrp/PersonalAmt00
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IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembershipDuesAmt00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
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IRS990/MiscellaneousRevenueGrp/ExclusionAmt00
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IRS990/NoncashContributionsAmt00
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IRS990/OfficeExpensesGrp/FundraisingAmt00
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IRS990/Organization501c3Ind0X
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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt022622
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IRS990/OtherExpensesGrp/ProgramServicesAmt038221
IRS990/OtherExpensesGrp/ProgramServicesAmt110325
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IRS990/OtherExpensesGrp/TotalAmt110825
IRS990/OtherExpensesGrp/TotalAmt23519
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IRS990/OtherSalariesAndWagesGrp/FundraisingAmt00
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IRS990/PayPremiumsPrsnlBnftCntrctInd00
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IRS990/PensionPlanContributionsGrp/FundraisingAmt00
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IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00
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IRS990/PoliticalCampaignActyInd00

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