Civic Intelligence

Innovative Concepts Inc.

990 • Fiscal year 2021 • EIN 06-1816677

Jan 01, 2021 to Dec 31, 2021 • Filed on May 16, 2021

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

2.36x

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

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Liabilities / Revenue

66th percentile

0.12x

Higher debt load relative to revenue than 66% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Net Margin

25th percentile

-1.7%

Higher net margin than 25% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Top Officer Pay

67th percentile

$49,920

Higher top officer pay than 67% of similar nonprofits.

Top officer pay equals 7.1% of source-year revenue.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Asset Growth

1st percentile

-74%

Faster asset growth than 1% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Revenue Growth

31st percentile

-2.3%

Faster revenue growth than 31% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets99th percentile

Assets

Down

$35,126

Down $99,264 (-74%) from 2020

Net Assets

Down

-$47,843

Down $12,164 (-34%) from 2020

Liabilities

Down

$82,969

Down $87,100 (-51%) from 2020

Revenue And Expenses
Liabilities / Revenue66th percentileNet Margin25th percentile

Revenue

Down

$707,267

Down $16,946 (-2.3%) from 2020

Expenses

Down

$719,431

Down $28,816 (-3.9%) from 2020

Net Income

Up

-$12,164

Up $11,870 (+49%) from 2020

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

2021

Assets$35,126
Liabilities$82,969
Net Assets-$47,843
Open 2021 Filing

Operations Trend

Revenue Growth31st 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

2021

Revenue$707,267
Expenses$719,431
Net Income-$12,164
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
May 16, 2021
Return Version
2021v4.0
Gross Receipts
$707,267
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
Cash and Non-Interest-Bearing Accounts$124,920$25,265▼ $99,655
Land, Buildings, and Equipment, Net$9,470$9,861▲ $391
Total Assets$134,390$35,126▼ $99,264
Liabilities
Unsecured Notes Loans Payable$170,069$82,969▼ $87,100
Total Liabilities$170,069$82,969▼ $87,100
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-35,679$-47,843▼ $12,164
Total Net Assets Fund Balance$-35,679$-47,843▼ $12,164
Total Liabilities and Net Assets / Fund Balance$134,390$35,126▼ $99,264

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$5,111$10,257$15,368
Leasehold Improvements$4,750$10,250$15,000
Other Land Buildings-$7,981$7,981
Compensation and Service Providers
Top Officer Pay67th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Michael SlaughterPresidentPT$49,920$49,920

Board Members and Trustees

NameTitle
Anthony GilmerSecretary
Kevin MoatesVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$707,267
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$707,267
Change in Net Assets
$-12,164

Audited Revenue Reconciliation

Revenue per Audited Statements
$707,267
Total Revenue per Audited Statements
$707,267
Total Revenue per Form 990
$707,267
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$435,999
Other Expenses$283,432
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$279,443$31,049-$310,492
Fees for Services Other$86,665$9,630-$96,295
Payroll Taxes$68,028$7,559-$75,587
Occupancy$54,666$6,074-$60,740
Current Officers, Directors, Trustees, and Key Employees$44,928$4,992-$49,920
All Other Expenses$16,962$4,200-$21,162
Fees for Services Accounting-$11,310-$11,310
Information Technology$9,261$1,029-$10,290
Insurance-$8,449-$8,449
Other Expenses$7,093$788-$7,881
Office Expenses$2,220$246-$2,466
Depreciation Depletion$840$93-$933
Total Functional Expenses$627,626$91,805$0$719,431

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$719,431
Total Expenses per Audited Statements$719,431
Total Expenses per Form 990$719,431
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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

Governance Explanations

Form 990, Page 6, Part VI, Line 2

“Michael slaughter ninole slaughter siblings”

Form 990, Page 6, Part VI, Line 11B

“Board of directors reviews 990 prior to filing.”

Form 990, Page 6, Part VI, Line 15A

“Michael slaughter and ninole slaughter are the directors”

Form 990, Page 6, Part VI, Line 15B

“Michael slaughter and ninole slaughter are the directors”

Form 990, Page 6, Part VI, Line 19

“AVAILABLE UPON REQUEST.”

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
2021-05-16
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
22

Preparer

Firm
Goldin Group LLC
Address
4641 MONTGOMERY AVE STE 300, BETHESDA, MD 20814-3430
Preparer
Javier Goldin
Phone
3019130008
Supplemental Narrative

Additional Explanations

Form 990, Page 5, Part V, Line 3B

“Board of directors reviews 990 prior to filing.”

Form 990, Part V, Line 14B

“No receipt of indoor tanning service payment”

Form 990, Part IX, Line 11G

“1099 contractor 83,350 9,261 0 consulting fee 1,255 140 0 medical expense 522 58 0 security 1,439 160 0 due & subscriptions 99 11 0 total 86,665 9,630 0”

Raw XML Appendix321 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/ExplanationTxt0BOARD OF DIRECTORS REVIEWS 990 PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NO RECEIPT OF INDOOR TANNING SERVICE PAYMENT
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MICHAEL SLAUGHTER NINOLE SLAUGHTER SIBLINGS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3BOARD OF DIRECTORS REVIEWS 990 PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4MICHAEL SLAUGHTER AND NINOLE SLAUGHTER ARE THE DIRECTORS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5MICHAEL SLAUGHTER AND NINOLE SLAUGHTER ARE THE DIRECTORS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt71099 CONTRACTOR 83,350 9,261 0 CONSULTING FEE 1,255 140 0 MEDICAL EXPENSE 522 58 0 SECURITY 1,439 160 0 DUE & SUBSCRIPTIONS 99 11 0 TOTAL 86,665 9,630 0
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IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0134390
IRS990/TotalAssetsEOYAmt035126
IRS990/TotalAssetsGrp/BOYAmt0134390
IRS990/TotalAssetsGrp/EOYAmt035126
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0707267
IRS990/TotalEmployeeCnt022
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt091805
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0627626
IRS990/TotalFunctionalExpensesGrp/TotalAmt0719431
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0170069
IRS990/TotalLiabilitiesEOYAmt082969
IRS990/TotalLiabilitiesGrp/BOYAmt0170069
IRS990/TotalLiabilitiesGrp/EOYAmt082969
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-35679
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-47843
IRS990/TotalProgramServiceExpensesAmt0627626
IRS990/TotalReportableCompFromOrgAmt049920
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0707267
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0134390
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt035126
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt0170069
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt082969
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt08639B 16TH STREET
IRS990/USAddress/CityNm0SILVER SPRING
IRS990/USAddress/StateAbbreviationCd0MD
IRS990/USAddress/ZIPCd020910
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt02
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0MICHAEL SLAUGHTER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum03014407908
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-05-16
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/PreparerFirmEIN0264694278
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0GOLDIN GROUP LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt04641 MONTGOMERY AVE STE 300
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BETHESDA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0208143430
ReturnHeader/PreparerPersonGrp/PhoneNum03019130008
ReturnHeader/PreparerPersonGrp/PreparationDt02022-10-25
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JAVIER GOLDIN
ReturnHeader/ReturnTs02022-10-25T22:25:13-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0MICHAEL
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0SLAUGHTER
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$35,126
Liabilities
$82,969
Net assets
-$47,843
Revenue
$707,267
Expenses
$719,431
Net income
-$12,164
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