Civic Intelligence

Innovative Concepts Inc.

990 • Fiscal year 2019 • EIN 06-1816677

Jan 01, 2019 to Dec 31, 2019 • Filed on May 01, 2020

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

99th percentile

5.69x

Higher debt load relative to assets than 99% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Liabilities / Revenue

46th percentile

0.02x

Higher debt load relative to revenue than 46% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Net Margin

34th percentile

-1.7%

Higher net margin than 34% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Top Officer Pay

66th percentile

$49,920

Higher top officer pay than 66% of similar nonprofits.

Top officer pay equals 7.4% of source-year revenue.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Asset Growth

1st percentile

-83%

Faster asset growth than 1% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Revenue Growth

46th percentile

2.1%

Faster revenue growth than 46% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets99th percentile

Assets

Down

$2,484

Down $11,770 (-83%) from 2018

Net Assets

Down

-$11,645

Down $11,770 (-9416%) from 2018

Liabilities

Flat

$14,129

Flat from 2018

Revenue And Expenses
Liabilities / Revenue46th percentileNet Margin34th percentile

Revenue

Up

$678,884

Up $14,016 (+2.1%) from 2018

Expenses

Up

$690,654

Up $6,895 (+1.0%) from 2018

Net Income

Up

-$11,770

Up $7,121 (+38%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth1st 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

2019

Assets$2,484
Liabilities$14,129
Net Assets-$11,645
Open 2019 Filing

Operations Trend

Revenue Growth46th 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

2019

Revenue$678,884
Expenses$690,654
Net Income-$11,770
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
May 1, 2020
Return Version
2019v5.1
Gross Receipts
$678,884
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
Loans From Officers Directors$14,129$14,129→ $0
Land, Buildings, and Equipment, Net$11,141$10,198▼ $943
Cash and Non-Interest-Bearing Accounts$3,113$-7,714▼ $10,827
Total Assets$14,254$2,484▼ $11,770
Liabilities
Total Liabilities$14,129$14,129→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$125$-11,645▼ $11,770
Total Net Assets Fund Balance$125$-11,645▼ $11,770
Total Liabilities and Net Assets / Fund Balance$14,254$2,484▼ $11,770

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$4,948$14,377$19,325
Leasehold Improvements$5,250$9,750$15,000
Land$0--
Compensation and Service Providers
Top Officer Pay66th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Michael SlaughterPresidentPT$49,920$49,920
Ladonia WicksKey EmployeeFT$47,144$47,144

Board Members and Trustees

NameTitle
Kevin MoatesVice President
Anthony GilmerSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$678,884
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$678,884
Change in Net Assets
$-11,770
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$473,351
Other Expenses$217,303
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$302,163$33,574$0$335,737
Current Officers, Directors, Trustees, and Key Employees$87,358$9,706$0$97,064
All Other Expenses$56,355$6,564$0$62,919
Occupancy$55,414$6,157$0$61,571
Payroll Taxes$36,495$4,055$0$40,550
Fees for Services Accounting$0$8,361$0$8,361
Insurance$0$7,440$0$7,440
Other Expenses$6,467$719$0$7,186
Information Technology$4,894$544$0$5,438
Depreciation Depletion$0$4,824$0$4,824
Office Expenses$2,278$253$0$2,531
Travel$44$5$0$49
Interest$40$4$0$44
Total Functional Expenses$602,754$87,900$0$690,654
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$14,129$14,129→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
No
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
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
2020-05-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Slaughter
Formed
2007
Legal Domicile
Md
Voting Board Members
3
Independent Board Members
2
Employees
17
Volunteers
0

Preparer

Firm
Goldin Group LLC
Address
4641 MONTGOMERY AVE STE 515, BETHESDA, MD 20814
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 receipt of indoor tanning service payment”

Pt VI, Line 2

“Michael Slaughter and Ninole Slaughter are brother and sister”

Raw XML Appendix390 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.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0Innovative Concepts, Inc. provides residential services to individuals with intellectual and developmental dissabilities. Its services consist of basic housing facilities, vocational and mentorship programs.
IRS990/AllOtherContributionsAmt0678884
IRS990/AllOtherExpensesGrp/FundraisingAmt00
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt06564
IRS990/AllOtherExpensesGrp/ProgramServicesAmt056355
IRS990/AllOtherExpensesGrp/TotalAmt062919
IRS990/AuditCommitteeInd0false
IRS990/BackupWthldComplianceInd0true
IRS990/BooksInCareOfDetail/PersonNm0Innovative Concepts Inc
IRS990/BooksInCareOfDetail/PhoneNum03014407908
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt08639B 16th StreetD
IRS990/BooksInCareOfDetail/USAddress/CityNm0Washington
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0DC
IRS990/BooksInCareOfDetail/USAddress/ZIPCd020910
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt03113
IRS990/CashNonInterestBearingGrp/EOYAmt0-7714
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/FundraisingAmt00
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt09706
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt087358
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt097064
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0true
IRS990/ConflictOfInterestPolicyInd0false
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0678884
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt00
IRS990/CYOtherExpensesAmt0217303
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0-11770
IRS990/CYSalariesCompEmpBnftPaidAmt0473351
IRS990/CYTotalExpensesAmt0690654
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0678884
IRS990/DAFExcessBusinessHoldingsInd0false
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/FundraisingAmt00
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt04824
IRS990/DepreciationDepletionGrp/ProgramServicesAmt00
IRS990/DepreciationDepletionGrp/TotalAmt04824
IRS990/Desc0Innovative Concepts, Inc, provided services for residents of the District of Columbia with Developmental Disabilites, including basic housing facilities, vocational and mentorship programs.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DistributionToDonorInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt017
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt0602754
IRS990/FamilyOrBusinessRlnInd0true
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/FundraisingAmt00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt08361
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt00
IRS990/FeesForServicesAccountingGrp/TotalAmt08361
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form1098CFiledInd0false
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form8899Filedind0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt020.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt140.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt212.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt312.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/KeyEmployeeInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/PersonNm0Michael Slaughter
IRS990/Form990PartVIISectionAGrp/PersonNm1Ladonia Wicks
IRS990/Form990PartVIISectionAGrp/PersonNm2Kevin Moates
IRS990/Form990PartVIISectionAGrp/PersonNm3Anthony Gilmer
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt049920
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt147144
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/TitleTxt0President
IRS990/Form990PartVIISectionAGrp/TitleTxt1Key Employee
IRS990/Form990PartVIISectionAGrp/TitleTxt2Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt3Secretary
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr02007
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt03
IRS990/GrantAmt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0678884
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt02
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartVInd0X
IRS990/InformationTechnologyGrp/FundraisingAmt00
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt0544
IRS990/InformationTechnologyGrp/ProgramServicesAmt04894
IRS990/InformationTechnologyGrp/TotalAmt05438
IRS990/InsuranceGrp/FundraisingAmt00
IRS990/InsuranceGrp/ManagementAndGeneralAmt07440
IRS990/InsuranceGrp/ProgramServicesAmt00
IRS990/InsuranceGrp/TotalAmt07440
IRS990/InterestGrp/FundraisingAmt00
IRS990/InterestGrp/ManagementAndGeneralAmt04
IRS990/InterestGrp/ProgramServicesAmt040
IRS990/InterestGrp/TotalAmt044
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt05
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt024127
IRS990/LandBldgEquipBasisNetGrp/BOYAmt011141
IRS990/LandBldgEquipBasisNetGrp/EOYAmt010198
IRS990/LandBldgEquipCostOrOtherBssAmt034325
IRS990/LegalDomicileStateCd0MD
IRS990/LoanOutstandingInd0true
IRS990/LoansFromOfficersDirectorsGrp/BOYAmt014129
IRS990/LoansFromOfficersDirectorsGrp/EOYAmt014129
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd0false
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MiscellaneousRevenueGrp/ExclusionAmt00
IRS990/MiscellaneousRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/MiscellaneousRevenueGrp/TotalRevenueColumnAmt00
IRS990/MiscellaneousRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/MissionDesc0Innovative Concepts, Inc. provides residential services to individuals with intellectual and developmental dissabilities. Its services consist of basic housing facilities, vocational and mentorship programs.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0125
IRS990/NetAssetsOrFundBalancesEOYAmt0-11645
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0125
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0-11645
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/FundraisingAmt00
IRS990/OccupancyGrp/ManagementAndGeneralAmt06157
IRS990/OccupancyGrp/ProgramServicesAmt055414
IRS990/OccupancyGrp/TotalAmt061571
IRS990/OfficeExpensesGrp/FundraisingAmt00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0253
IRS990/OfficeExpensesGrp/ProgramServicesAmt02278
IRS990/OfficeExpensesGrp/TotalAmt02531
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherExpensesGrp/Desc0Program Supplies
IRS990/OtherExpensesGrp/Desc1Contractor Expenses
IRS990/OtherExpensesGrp/Desc2Auto Expenses
IRS990/OtherExpensesGrp/Desc3Utilities
IRS990/OtherExpensesGrp/FundraisingAmt00
IRS990/OtherExpensesGrp/FundraisingAmt10
IRS990/OtherExpensesGrp/FundraisingAmt20
IRS990/OtherExpensesGrp/FundraisingAmt30
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01543
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt12992
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt21159
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt3719
IRS990/OtherExpensesGrp/ProgramServicesAmt013887
IRS990/OtherExpensesGrp/ProgramServicesAmt126928
IRS990/OtherExpensesGrp/ProgramServicesAmt210431
IRS990/OtherExpensesGrp/ProgramServicesAmt36467
IRS990/OtherExpensesGrp/TotalAmt015430
IRS990/OtherExpensesGrp/TotalAmt129920
IRS990/OtherExpensesGrp/TotalAmt211590
IRS990/OtherExpensesGrp/TotalAmt37186
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt033574
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0302163
IRS990/OtherSalariesAndWagesGrp/TotalAmt0335737
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt04055
IRS990/PayrollTaxesGrp/ProgramServicesAmt036495
IRS990/PayrollTaxesGrp/TotalAmt040550
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0Michael Slaughter
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0664868
IRS990/PYExcessBenefitTransInd0false
IRS990/PYOtherExpensesAmt0298239
IRS990/PYOtherRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-18891
IRS990/PYSalariesCompEmpBnftPaidAmt0385520
IRS990/PYTotalExpensesAmt0683759
IRS990/PYTotalRevenueAmt0664868
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-11770
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0678884
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0678884
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0664868
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0566667
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0535184
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0523126
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02968729
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct01.00000
IRS990ScheduleA/PublicSupportCY509Pct00
IRS990ScheduleA/PublicSupportPY170Pct01.00000
IRS990ScheduleA/PublicSupportTotal170Amt02968729
IRS990ScheduleA/PublicSupportTotal509Amt00
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0678884
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0664868
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0566667
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0535184
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0523126
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02968729
IRS990ScheduleA/TotalSupportAmt02968729
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt04948
IRS990ScheduleD/EquipmentGrp/DepreciationAmt014377
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt019325
IRS990ScheduleD/LandGrp/BookValueAmt00
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt05250
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt09750
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt015000
IRS990ScheduleD/TotalBookValueLandBuildingsAmt010198
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt014129
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd0true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0organaization operat
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt0455
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0Michael Slaughter
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0Director
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd0false
IRS990ScheduleL/TotalBalanceDueAmt014129
IRS990/ScheduleORequiredInd0true
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 receipt of indoor tanning service payment
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Michael Slaughter and Ninole Slaughter are brother and sister
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt V, Line 3b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt VI, Line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Pt VI, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Pt V, Line 14b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Pt VI, Line 2
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt014254
IRS990/TotalAssetsEOYAmt02484
IRS990/TotalAssetsGrp/BOYAmt014254
IRS990/TotalAssetsGrp/EOYAmt02484
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0678884
IRS990/TotalEmployeeCnt017
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt087900
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0602754
IRS990/TotalFunctionalExpensesGrp/TotalAmt0690654
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt014129
IRS990/TotalLiabilitiesEOYAmt014129
IRS990/TotalLiabilitiesGrp/BOYAmt014129
IRS990/TotalLiabilitiesGrp/EOYAmt014129
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0125
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-11645
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0602754
IRS990/TotalReportableCompFromOrgAmt097064
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0678884
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt014254
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02484
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/FundraisingAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt05
IRS990/TravelGrp/ProgramServicesAmt044
IRS990/TravelGrp/TotalAmt049
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt019330 Rainworth Drive
IRS990/USAddress/CityNm0Germantown
IRS990/USAddress/StateAbbreviationCd0MD
IRS990/USAddress/ZIPCd020874
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt02
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02021-01-29 14:40:06Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Michael Slaughter
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum03014407908
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-05-01
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/FilingSecurityInformation/AtSubmissionCreationDeviceId0F1B57314989A699DB87DBC6237D3380D15363ADD
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0177521E5B12C3AA6EED0996FA6FFBFCCBA4CC2F9
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt073.201.76.59
ReturnHeader/FilingSecurityInformation/IPDt02020-11-14
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0PS
ReturnHeader/FilingSecurityInformation/IPTm006:04:05
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0GOLDIN GROUP LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt04641 MONTGOMERY AVE STE 515
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BETHESDA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd020814
ReturnHeader/PreparerPersonGrp/PhoneNum03019130008
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JAVIER GOLDIN
ReturnHeader/ReturnTs02020-11-14T06:04:15-08:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,484
Liabilities
$14,129
Net assets
-$11,645
Revenue
$678,884
Expenses
$690,654
Net income
-$11,770
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