Civic Intelligence

Innovative Concepts Inc.

990 • Fiscal year 2023 • EIN 06-1816677

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 12, 2024

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

33rd percentile

0.00x

Higher debt load relative to assets than 33% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Liabilities / Revenue

32nd percentile

0.00x

Higher debt load relative to revenue than 32% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Net Margin

39th percentile

-0.6%

Higher net margin than 39% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Top Officer Pay

69th percentile

$53,450

Higher top officer pay than 69% of similar nonprofits.

Top officer pay equals 8.2% of source-year revenue.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Asset Growth

15th percentile

-13%

Faster asset growth than 15% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Revenue Growth

22nd percentile

-13%

Faster revenue growth than 22% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets33rd percentile

Assets

Down

$45,178

Down $6,768 (-13%) from 2022

Net Assets

Down

$45,163

Down $4,205 (-8.5%) from 2022

Liabilities

Down

$15

Down $2,563 (-99%) from 2022

Revenue And Expenses
Liabilities / Revenue32nd percentileNet Margin39th percentile

Revenue

Down

$654,339

Down $99,644 (-13%) from 2022

Expenses

Up

$658,544

Up $3,890 (+0.6%) from 2022

Net Income

Down

-$4,205

Down $103,534 (-104%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth15th 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

2023

Assets$45,178
Liabilities$15
Net Assets$45,163
Open 2023 Filing

Operations Trend

Revenue Growth22nd 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

2023

Revenue$654,339
Expenses$658,544
Net Income-$4,205
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 12, 2024
Return Version
2023v5.0
Gross Receipts
$654,339
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
Receivables From Officers Etc$15,396$22,626▲ $7,230
Land, Buildings, and Equipment, Net$6,038$15,742▲ $9,704
Cash and Non-Interest-Bearing Accounts$25,358$6,110▼ $19,248
Total Assets$51,946$45,178▼ $6,768
Other Assets Total$5,154$700▼ $4,454
Liabilities
Accounts Payable and Accrued Expenses$2,578--
Other Liabilities-$15-
Total Liabilities$2,578$15▼ $2,563
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$49,368$45,163▼ $4,205
Total Net Assets Fund Balance$49,368$45,163▼ $4,205
Total Liabilities and Net Assets / Fund Balance$51,946$45,178▼ $6,768
Compensation and Service Providers
Top Officer Pay69th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Michael SlaughterPresidentPT$53,450$53,450

Board Members and Trustees

NameTitle
Anthony GilmerSecretary
Kevin MoatesVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$654,339
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-4,205

Audited Revenue Reconciliation

Revenue per Audited Statements
$654,339
Total Revenue per Audited Statements
$654,339
Total Revenue per Form 990
$654,339
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$418,556
Other Expenses$239,988
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$298,676$33,184-$331,860
Fees for Services Other$62,899$6,989-$69,888
Occupancy$51,661$5,741-$57,402
Current Officers, Directors, Trustees, and Key Employees$48,105$5,345-$53,450
Payroll Taxes$29,921$3,325-$33,246
Insurance-$29,898-$29,898
Fees for Services Accounting-$13,767-$13,767
Office Expenses$9,338$1,038-$10,376
Information Technology$9,330$1,037-$10,367
Travel$6,277$697-$6,974
Conferences and Meetings$2,751$305-$3,056
Depreciation Depletion$2,281--$2,281
Other Expenses$35,931$27-$27
Interest-$21-$21
Total Functional Expenses$557,170$101,374$0$658,544

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$658,544
Total Expenses per Audited Statements$658,544
Total Expenses per Form 990$658,544
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$22,626▲ $7,230
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
CREDIT CARDS:C.C BOA 9202$15
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
2024-11-12
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
24

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

“Salaries and benefits:adp - 1 61,785 6,865 0 professional expenses:subcont 135 15 0 professional expenses:other c 405 45 0 professional expenses:consult 574 64 0 total 62,899 6,989 0”

Raw XML Appendix325 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/ExplanationTxt5SALARIES AND BENEFITS:ADP - 1 61,785 6,865 0 PROFESSIONAL EXPENSES:SUBCONT 135 15 0 PROFESSIONAL EXPENSES:OTHER C 405 45 0 PROFESSIONAL EXPENSES:CONSULT 574 64 0 TOTAL 62,899 6,989 0
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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/TotalAssetsBOYAmt051946
IRS990/TotalAssetsEOYAmt045178
IRS990/TotalAssetsGrp/BOYAmt051946
IRS990/TotalAssetsGrp/EOYAmt045178
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0654339
IRS990/TotalEmployeeCnt024
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0101374
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0557170
IRS990/TotalFunctionalExpensesGrp/TotalAmt0658544
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02578
IRS990/TotalLiabilitiesEOYAmt015
IRS990/TotalLiabilitiesGrp/BOYAmt02578
IRS990/TotalLiabilitiesGrp/EOYAmt015
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt049368
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt045163
IRS990/TotalProgramServiceExpensesAmt0557170
IRS990/TotalReportableCompFromOrgAmt053450
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0654339
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt051946
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt045178
IRS990/TravelGrp/ManagementAndGeneralAmt0697
IRS990/TravelGrp/ProgramServicesAmt06277
IRS990/TravelGrp/TotalAmt06974
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
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/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0MICHAEL SLAUGHTER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum03014407908
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-11-12
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/PreparationDt02024-11-12
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JAVIER GOLDIN
ReturnHeader/ReturnTs02024-11-12T11:10:20-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$45,178
Liabilities
$15
Net assets
$45,163
Revenue
$654,339
Expenses
$658,544
Net income
-$4,205
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