Civic Intelligence

Innovative Concepts Inc.

990 • Fiscal year 2014 • EIN 06-1816677

Jan 01, 2014 to Dec 31, 2014 • Filed on May 15, 2015

Organization ProfileN/A
8639B 16th StreetSilver Spring, MD 20910-2273

(301) 440-7908

Siviq Scores

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

Liabilities / Assets

98th percentile

3.01x

Higher debt load relative to assets than 98% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Liabilities / Revenue

70th percentile

0.03x

Higher debt load relative to revenue than 70% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Net Margin

31st percentile

-4.1%

Higher net margin than 31% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Top Officer Pay

83rd percentile

$20,760

Higher top officer pay than 83% of similar nonprofits.

Top officer pay equals 5.1% of source-year revenue.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Asset Growth

2nd percentile

-94%

Faster asset growth than 2% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Revenue Growth

49th percentile

1.1%

Faster revenue growth than 49% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets98th percentile

Assets

Down

$3,442

Down $49,910 (-94%) from 2013

Net Assets

Down

-$6,924

Down $16,663 (-171%) from 2013

Liabilities

Down

$10,366

Down $33,247 (-76%) from 2013

Revenue And Expenses
Liabilities / Revenue70th percentileNet Margin31st percentile

Revenue

Up

$404,498

Up $4,465 (+1.1%) from 2013

Expenses

Down

$421,161

Down $14,679 (-3.4%) from 2013

Net Income

Up

-$16,663

Up $19,144 (+53%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth2nd percentile

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

$200K$100K$0-$100KAssets 2010: -$8,622Liabilities 2010: $5,492Net Assets 2010: -$14,1142010Assets 2011: $54,819Liabilities 2011: $12,665Net Assets 2011: $42,1542011Assets 2012: $56,470Liabilities 2012: $10,895Net Assets 2012: $45,5752012Assets 2013: $53,352Liabilities 2013: $43,613Net Assets 2013: $9,7392013Assets 2014: $3,442Liabilities 2014: $10,366Net Assets 2014: -$6,9242014Assets 2015: $11,718Liabilities 2015: $15,151Net Assets 2015: -$3,4332015Assets 2016: $26,444Liabilities 2016: $13,507Net Assets 2016: $12,9372016Assets 2017: $27,473Liabilities 2017: $8,456Net Assets 2017: $19,0172017Assets 2018: $14,254Liabilities 2018: $14,129Net Assets 2018: $1252018Assets 2019: $2,484Liabilities 2019: $14,129Net Assets 2019: -$11,6452019Assets 2020: $134,390Liabilities 2020: $170,069Net Assets 2020: -$35,6792020Assets 2021: $35,126Liabilities 2021: $82,969Net Assets 2021: -$47,8432021Assets 2022: $51,946Liabilities 2022: $2,578Net Assets 2022: $49,3682022Assets 2023: $45,178Liabilities 2023: $15Net Assets 2023: $45,1632023Assets 2024: $127,869Liabilities 2024: $0Net Assets 2024: $127,8692024

Highlighted filing

2014

Assets$3,442
Liabilities$10,366
Net Assets-$6,924
Open 2014 Filing

Operations Trend

Revenue Growth49th percentile

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

$1.0M$500K$0-$500KExpenses 2010: $716,2502010Expenses 2011: $392,0532011Revenue 2012: $553,304Expenses 2012: $549,883Net Income 2012: $3,4212012Revenue 2013: $400,033Expenses 2013: $435,840Net Income 2013: -$35,8072013Revenue 2014: $404,498Expenses 2014: $421,161Net Income 2014: -$16,6632014Revenue 2015: $523,126Expenses 2015: $529,645Net Income 2015: -$6,5192015Revenue 2016: $535,184Expenses 2016: $518,813Net Income 2016: $16,3712016Revenue 2017: $566,667Expenses 2017: $560,587Net Income 2017: $6,0802017Revenue 2018: $664,868Expenses 2018: $683,759Net Income 2018: -$18,8912018Revenue 2019: $678,884Expenses 2019: $690,654Net Income 2019: -$11,7702019Revenue 2020: $724,213Expenses 2020: $748,247Net Income 2020: -$24,0342020Revenue 2021: $707,267Expenses 2021: $719,431Net Income 2021: -$12,1642021Revenue 2022: $753,983Expenses 2022: $654,654Net Income 2022: $99,3292022Revenue 2023: $654,339Expenses 2023: $658,544Net Income 2023: -$4,2052023Revenue 2024: $883,953Expenses 2024: $801,247Net Income 2024: $82,7062024

Highlighted filing

2014

Revenue$404,498
Expenses$421,161
Net Income-$16,663
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
May 15, 2015
Return Version
2014v5.0
Gross Receipts
$404,498
Mission and Program Overview

Mission

Innovative Concepts, Inc. provides residential services to individuals

Innovative concepts, inc. Provides residential services to individuals with intellectual and developmental dissabilities. Its services consist of basic housing facilities, vocational and mentorship programs.

Balance Sheet Detail
LineBeginningEndChange
Assets
Prepaid Expenses and Deferred Charges$40,321--
Land, Buildings, and Equipment, Net$2,449$1,997▼ $452
Cash and Non-Interest-Bearing Accounts$10,582$1,445▼ $9,137
Total Assets$53,352$3,442▼ $49,910
Liabilities
Other Liabilities$43,613$10,366▼ $33,247
Total Liabilities$43,613$10,366▼ $33,247
Net Assets / Fund Balance
Unrestricted Net Assets$9,739$-6,924▼ $16,663
Total Net Assets Fund Balance$9,739$-6,924▼ $16,663
Total Liabilities and Net Assets / Fund Balance$53,352$3,442▼ $49,910

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,997$4,034-
Compensation and Service Providers
Top Officer Pay83rd percentile

Employees

NameTitleFull / Part TimeBaseTotal
Michael SlaughterPresidentPT$20,760$20,760

Board Members and Trustees

NameTitle
Nicole SlaughterVice President
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$404,498
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-16,663
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$223,497
Salaries, Compensation, and Employee Benefits$197,664
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$143,233$15,915$0$159,148
All Other Expenses$92,562$12,674$0$105,236
Occupancy$25,235$2,804$0$28,039
Current Officers, Directors, Trustees, and Key Employees$18,684$2,076$0$20,760
Payroll Taxes$15,980$1,776$0$17,756
Fees for Services Accounting$10,112$1,124$0$11,236
Other Expenses$4,756$528$0$5,284
Insurance$3,202$356$0$3,558
Information Technology$3,199$355$0$3,554
Office Expenses$737$82$0$819
Depreciation Depletion$0$452$0$452
Total Functional Expenses$376,487$44,674$0$421,161
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
payroll Liab$5,854
Loan from PNC bank$4,057
Loan from HFC$455
Loan from officer-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
No
Backup withholding compliance
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Innovative Concepts Inc
EIN
06-1816677
Phone
3014407908
Address
8639B 16th Street, Silver Spring, MD 20910-2273

Signing Officer

Name
Michael Slaughter
Title
President
Phone
3014407908
Signed
2015-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Slaughter
Formed
2007
Legal Domicile
Md
Voting Board Members
3
Independent Board Members
12
Employees
12
Volunteers
2

Preparer

Firm
GoldinGroup LLC
Address
4641 MONTGOMERY AVE, BETHESDA, MD 20814-3435
Preparer
Javier Goldin
Phone
3019130008
Supplemental Narrative

Additional Explanations

Pt V, Line 3B

“Innovative Concepts did not receive any unrelated business income.”

Pt VI, Line 11B

“Board of directors reviews 990 prior to filing.”

Pt VI, Line 15B

“Salaries are reviewed by Board of Directors.”

Pt VI, Line 15A

“Michael Slaughter and Ninole Slaughter are the directors”

Pt VI, Line 8B

“Michael Slaughter and Ninole Slaughter are the directors”

Pt VI, Line 19

“Available upon request.”

Pt V, Line 14B

“no receive indoor tanning service payment”

Pt VI, Line 2

“Michael Slaughter and Ninole Slaughter are brother and sister”

Form 990, Part IX, Line 24F

“Repair & maintenance 1504. 1354. 150. Program grocery & food purched 12170. 12170. 0. 0. Cleaning expense 1172. 1055. 117. 0. Other labor 16879. 15191. 1688. 0. Outing expenses 8716. 8716. 0. 0. Bank service charges 4686. 0. 4686. 0. Telephone expenses 3961. 3565. 396. 0. Prior year payroll adj 56123. 50511. 5612. 0. Misc 25. 25. 0.”

Raw XML Appendix328 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Innovative Concepts did not receive any unrelated business income.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Board of directors reviews 990 prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Salaries are reviewed by Board of Directors.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Michael Slaughter and Ninole Slaughter are the directors
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Michael Slaughter and Ninole Slaughter are the directors
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Available upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6no receive indoor tanning service payment
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Michael Slaughter and Ninole Slaughter are brother and sister
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8REPAIR & MAINTENANCE 1504. 1354. 150. PROGRAM GROCERY & FOOD PURCHED 12170. 12170. 0. 0. CLEANING EXPENSE 1172. 1055. 117. 0. OTHER LABOR 16879. 15191. 1688. 0. OUTING EXPENSES 8716. 8716. 0. 0. BANK SERVICE CHARGES 4686. 0. 4686. 0. TELEPHONE EXPENSES 3961. 3565. 396. 0. PRIOR YEAR PAYROLL ADJ 56123. 50511. 5612. 0. MISC 25. 25. 0.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Pt V, Line 14b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Pt VI, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990, Part IX, Line 24f
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IRS990/TotalLiabilitiesEOYAmt010366
IRS990/TotalLiabilitiesGrp/BOYAmt043613
IRS990/TotalLiabilitiesGrp/EOYAmt010366
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt09739
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-6924
IRS990/TotalProgramServiceExpensesAmt0376487
IRS990/TotalProgramServiceRevenueAmt0404498
IRS990/TotalReportableCompFromOrgAmt020760
IRS990/TotalRevenueGrp/ExclusionAmt0404498
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0404498
IRS990/TotalVolunteersCnt02
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt053352
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03442
IRS990/TransactionWithControlEntInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt09739
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-6924
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt019330 Rainworth Drive
IRS990/USAddress/CityNm0Germantown
IRS990/USAddress/StateAbbreviationCd0MD
IRS990/USAddress/ZIPCd020874
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt012
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-04-25 22:37:26Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0MICHAEL SLAUGHTER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum03014407908
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-05-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Innovative Concepts Inc
ReturnHeader/Filer/BusinessNameControlTxt0INNO
ReturnHeader/Filer/EIN0061816677
ReturnHeader/Filer/PhoneNum03014407908
ReturnHeader/Filer/USAddress/AddressLine1Txt08639B 16th Street
ReturnHeader/Filer/USAddress/CityNm0Silver Spring
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MD
ReturnHeader/Filer/USAddress/ZIPCd0209102273
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0GoldinGroup LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt04641 MONTGOMERY AVE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BETHESDA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0208143435
ReturnHeader/PreparerPersonGrp/PhoneNum03019130008
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JAVIER GOLDIN
ReturnHeader/ReturnTs02015-11-16T15:04:55-08:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-01-01
ReturnHeader/TaxPeriodEndDt02014-12-31
ReturnHeader/TaxYr02014

Document Assets

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Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,442
Liabilities
$10,366
Net assets
-$6,924
Revenue
$404,498
Expenses
$421,161
Net income
-$16,663
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.28$0.00$1.28$8.84$8.01$0.83
2023Detailed filing. Detailed filing data is available for this year.$0.45$0.00$0.45$6.54$6.59$0.04
2022Detailed filing. Detailed filing data is available for this year.$0.52$0.03$0.49$7.54$6.55$0.99
2021Detailed filing. Detailed filing data is available for this year.$0.35$0.83$0.48$7.07$7.19$0.12
2020Detailed filing. Detailed filing data is available for this year.$1.34$1.70$0.36$7.24$7.48$0.24
2019Detailed filing. Detailed filing data is available for this year.$0.02$0.14$0.12$6.79$6.91$0.12
2018Summary only. Only limited summary data is available for this year.$0.14$0.14$0.00$6.65$6.84$0.19
2017Detailed filing. Detailed filing data is available for this year.$0.27$0.08$0.19$5.67$5.61$0.06
2016Detailed filing. Detailed filing data is available for this year.$0.26$0.14$0.13$5.35$5.19$0.16
2015Detailed filing. Detailed filing data is available for this year.$0.12$0.15$0.03$5.23$5.30$0.07
2014Detailed filing. Detailed filing data is available for this year.$0.03$0.10$0.07$4.04$4.21$0.17
2013Summary only. Only limited summary data is available for this year.$0.53$0.44$0.10$4.00$4.36$0.36
2012Summary only. Only limited summary data is available for this year.$0.56$0.11$0.46$5.53$5.50$0.03
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.55$0.13$0.42$3.92
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.09$0.05$0.14$7.16