Civic Intelligence

Innovative Concepts Inc.

990 • Fiscal year 2022 • EIN 06-1816677

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 06, 2023

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

60th percentile

0.05x

Higher debt load relative to assets than 60% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Liabilities / Revenue

37th percentile

0.00x

Higher debt load relative to revenue than 37% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Net Margin

61st percentile

13%

Higher net margin than 61% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Top Officer Pay

71st percentile

$57,082

Higher top officer pay than 71% of similar nonprofits.

Top officer pay equals 7.6% of source-year revenue.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Asset Growth

86th percentile

48%

Faster asset growth than 86% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Revenue Growth

49th percentile

6.6%

Faster revenue growth than 49% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets60th percentile

Assets

Up

$51,946

Up $16,820 (+48%) from 2021

Net Assets

Up

$49,368

Up $97,211 (+203%) from 2021

Liabilities

Down

$2,578

Down $80,391 (-97%) from 2021

Revenue And Expenses
Liabilities / Revenue37th percentileNet Margin61st percentile

Revenue

Up

$753,983

Up $46,716 (+6.6%) from 2021

Expenses

Down

$654,654

Down $64,777 (-9.0%) from 2021

Net Income

Up

$99,329

Up $111,493 (+917%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth86th 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

2022

Assets$51,946
Liabilities$2,578
Net Assets$49,368
Open 2022 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

2022

Revenue$753,983
Expenses$654,654
Net Income$99,329
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 6, 2023
Return Version
2022v5.0
Gross Receipts
$753,983
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$25,265$25,358▲ $93
Receivables From Officers Etc-$15,396-
Land, Buildings, and Equipment, Net$9,861$6,038▼ $3,823
Total Assets$35,126$51,946▲ $16,820
Other Assets Total-$5,154-
Liabilities
Unsecured Notes Loans Payable$82,969--
Accounts Payable and Accrued Expenses-$2,578-
Total Liabilities$82,969$2,578▼ $80,391
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-47,843$49,368▲ $97,211
Total Net Assets Fund Balance$-47,843$49,368▲ $97,211
Total Liabilities and Net Assets / Fund Balance$35,126$51,946▲ $16,820

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$3,750$11,250$15,000
Equipment$2,288$6,239$8,527
Other Land Buildings-$1,701$1,701
Other Assets Org$5,154--
Compensation and Service Providers
Top Officer Pay71st percentile

Employees

NameTitleFull / Part TimeBaseTotal
Michael SlaughterPresidentPT$57,082$57,082

Board Members and Trustees

NameTitle
Anthony GilmerSecretary
Kevin MoatesVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$753,983
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$99,329

Audited Revenue Reconciliation

Revenue per Audited Statements
$753,983
Total Revenue per Audited Statements
$753,983
Total Revenue per Form 990
$753,983
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$435,631
Other Expenses$219,023
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$307,835$34,204-$342,039
Fees for Services Other$59,508$6,612-$66,120
Current Officers, Directors, Trustees, and Key Employees$51,374$5,708-$57,082
Occupancy$45,765$5,085-$50,850
Payroll Taxes$32,859$3,651-$36,510
Other Expenses$28,344$3,149-$31,493
Information Technology$14,624$1,626-$16,250
Insurance$13,832$1,537-$15,369
Office Expenses$12,171$1,355-$13,526
Fees for Services Accounting$11,951$1,328-$13,279
Travel$9,346$1,039-$10,385
Depreciation Depletion$1,570$138-$1,708
Conferences and Meetings$39$4-$43
Total Functional Expenses$589,218$65,436$0$654,654

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$654,654
Total Expenses per Audited Statements$654,654
Total Expenses per Form 990$654,654
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
Receivables from Officers, Directors, Trustees, and Key Employees-$15,396-
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
2023-11-06
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
20

Preparer

Firm
Goldin Group LLC
Address
4500 EAST-WEST HWY 710, BETHESDA, MD 20814
Preparer
Javier Goldin
Phone
3019130008
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Payroll processing 54,687 6,076 0 subcontractors 4,821 536 0 total 59,508 6,612 0”

Raw XML Appendix335 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/ExplanationTxt0MICHAEL SLAUGHTER NINOLE SLAUGHTER SIBLINGS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BOARD OF DIRECTORS REVIEWS 990 PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MICHAEL SLAUGHTER AND NINOLE SLAUGHTER ARE THE DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3MICHAEL SLAUGHTER AND NINOLE SLAUGHTER ARE THE DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5PAYROLL PROCESSING 54,687 6,076 0 SUBCONTRACTORS 4,821 536 0 TOTAL 59,508 6,612 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0MD
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt035126
IRS990/TotalAssetsEOYAmt051946
IRS990/TotalAssetsGrp/BOYAmt035126
IRS990/TotalAssetsGrp/EOYAmt051946
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0753983
IRS990/TotalEmployeeCnt020
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt065436
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0589218
IRS990/TotalFunctionalExpensesGrp/TotalAmt0654654
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt082969
IRS990/TotalLiabilitiesEOYAmt02578
IRS990/TotalLiabilitiesGrp/BOYAmt082969
IRS990/TotalLiabilitiesGrp/EOYAmt02578
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-47843
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt049368
IRS990/TotalProgramServiceExpensesAmt0589218
IRS990/TotalReportableCompFromOrgAmt057082
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0753983
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt035126
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt051946
IRS990/TravelGrp/ManagementAndGeneralAmt01039
IRS990/TravelGrp/ProgramServicesAmt09346
IRS990/TravelGrp/TotalAmt010385
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt082969
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/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0MICHAEL SLAUGHTER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum03014407908
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-11-06
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/IRSResponsiblePrtyInfoCurrInd0false
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0264694278
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0GOLDIN GROUP LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt04500 EAST-WEST HWY 710
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BETHESDA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd020814
ReturnHeader/PreparerPersonGrp/PhoneNum03019130008
ReturnHeader/PreparerPersonGrp/PreparationDt02023-11-06
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JAVIER GOLDIN
ReturnHeader/ReturnTs02023-11-06T14:34:00-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0MICHAEL
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0SLAUGHTER
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$51,946
Liabilities
$2,578
Net assets
$49,368
Revenue
$753,983
Expenses
$654,654
Net income
$99,329
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