Civic Intelligence

Frederick Innovative Technology Center Inc.

990 • Fiscal year 2023 • EIN 20-1262262

Jul 01, 2022 to Jun 30, 2023 • Filed on Feb 21, 2024

Organization ProfileWWW.FITCI.ORG
4539 Metropolitan CourtFrederick, MD 21704

(301) 694-2999

Siviq Scores

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

Liabilities / Assets

89th percentile

0.71x

Higher debt load relative to assets than 89% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

90th percentile

1.26x

Higher debt load relative to revenue than 90% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

83rd percentile

33%

Higher net margin than 83% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

84th percentile

$157,115

Higher top officer pay than 84% of similar nonprofits.

Top officer pay equals 9.6% of source-year revenue.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

98th percentile

235%

Faster asset growth than 98% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

92nd percentile

106%

Faster revenue growth than 92% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets89th percentile

Assets

Up

$2,908,352

Up $2,040,498 (+235%) from 2022

Net Assets

Up

$838,217

Up $535,878 (+177%) from 2022

Liabilities

Up

$2,070,135

Up $1,504,620 (+266%) from 2022

Revenue And Expenses
Liabilities / Revenue90th percentileNet Margin83rd percentile

Revenue

Up

$1,638,890

Up $844,715 (+106%) from 2022

Expenses

Up

$1,103,012

Up $143,023 (+15%) from 2022

Net Income

Up

$535,878

Up $701,692 (+423%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth98th percentile

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

$15M$10M$5.0M$0Assets 2010: $962,901Liabilities 2010: $81,602Net Assets 2010: $881,2992010Assets 2011: $876,558Liabilities 2011: $108,149Net Assets 2011: $768,4092011Assets 2012: $725,125Liabilities 2012: $48,560Net Assets 2012: $676,5652012Assets 2013: $474,508Liabilities 2013: $119,730Net Assets 2013: $354,7782013Assets 2014: $407,108Liabilities 2014: $80,398Net Assets 2014: $326,7102014Assets 2015: $317,631Liabilities 2015: $63,742Net Assets 2015: $253,8892015Assets 2016: $314,091Liabilities 2016: $36,453Net Assets 2016: $277,6382016Assets 2017: $514,554Liabilities 2017: $73,439Net Assets 2017: $441,1152017Assets 2018: $509,604Liabilities 2018: $70,779Net Assets 2018: $438,8252018Assets 2019: $675,418Liabilities 2019: $347,221Net Assets 2019: $328,1972019Assets 2020: $696,197Liabilities 2020: $423,071Net Assets 2020: $273,1262020Assets 2021: $806,151Liabilities 2021: $256,659Net Assets 2021: $549,4922021Assets 2022: $867,854Liabilities 2022: $565,515Net Assets 2022: $302,3392022Assets 2023: $2,908,352Liabilities 2023: $2,070,135Net Assets 2023: $838,2172023Assets 2024: $10,993,146Liabilities 2024: $3,870,879Net Assets 2024: $7,122,2672024

Highlighted filing

2023

Assets$2,908,352
Liabilities$2,070,135
Net Assets$838,217
Open 2023 Filing

Operations Trend

Revenue Growth92nd percentile

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $718,1912010Revenue 2011: $552,998Expenses 2011: $665,888Net Income 2011: -$112,8902011Expenses 2012: $718,6362012Expenses 2013: $637,7402013Revenue 2014: $390,980Expenses 2014: $439,040Net Income 2014: -$48,0602014Revenue 2015: $407,682Expenses 2015: $480,503Net Income 2015: -$72,8212015Revenue 2016: $413,102Expenses 2016: $397,413Net Income 2016: $15,6892016Revenue 2017: $787,172Expenses 2017: $623,695Net Income 2017: $163,4772017Revenue 2018: $531,614Expenses 2018: $533,904Net Income 2018: -$2,2902018Revenue 2019: $765,041Expenses 2019: $875,669Net Income 2019: -$110,6282019Revenue 2020: $667,649Expenses 2020: $722,720Net Income 2020: -$55,0712020Revenue 2021: $1,004,662Expenses 2021: $728,296Net Income 2021: $276,3662021Revenue 2022: $794,175Expenses 2022: $959,989Net Income 2022: -$165,8142022Revenue 2023: $1,638,890Expenses 2023: $1,103,012Net Income 2023: $535,8782023Revenue 2024: $7,751,754Expenses 2024: $1,772,567Net Income 2024: $5,979,1872024

Highlighted filing

2023

Revenue$1,638,890
Expenses$1,103,012
Net Income$535,878
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Feb 21, 2024
Return Version
2022v5.0
Gross Receipts
$1,638,890
Mission and Program Overview

Mission

To foster entrepreneurial activity in the information technology and life science industries within frederick county, maryland.

To provide a nurturing and supportive environment to start-up technology-based businesses.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$227,920$1,094,594▲ $866,674
Cash and Non-Interest-Bearing Accounts$586,333$658,561▲ $72,228
Pledges and Grants Receivable$12,500$73,714▲ $61,214
Accounts Receivable$41,101$48,635▲ $7,534
Total Assets$867,854$2,908,352▲ $2,040,498
Other Assets Total$0$1,032,848▲ $1,032,848
Liabilities
Other Liabilities$428,711$1,697,481▲ $1,268,770
Accounts Payable and Accrued Expenses$136,804$372,654▲ $235,850
Total Liabilities$565,515$2,070,135▲ $1,504,620
Net Assets / Fund Balance
Net Assets With Donor Restrictions$1,187,500$0▼ $1,187,500
Net Assets Without Donor Restrictions$-885,161$838,217▲ $1,723,378
Total Net Assets Fund Balance$302,339$838,217▲ $535,878
Total Liabilities and Net Assets / Fund Balance$867,854$2,908,352▲ $2,040,498

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$1,012,853-$1,012,853
Equipment$81,741$638,798$720,539
Leasehold Improvements$0$643,507$643,507
Other Assets Org$1,032,848--
Compensation and Service Providers
Top Officer Pay84th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Kathie Callahan BradyPresident/CEOFT$157,115$157,115

Board Members and Trustees

NameTitle
John NowellVice Chairman
Anne BalduzziMember
David GurzickMember
JEANNE O'CONNELLMember
Jodie BollingerMember
Jon RowleyMember
Patrick WheelerMember
Richard GriffinMember
Theresa BethuneTreasurer/secretary
Revenue and Support

Revenue Composition

Contributions and Grants
$963,797
Program Service Revenue
$675,011
Investment Income
$82
Other Revenue
$0
All Other Contributions
$6,111
Change in Net Assets
$535,878
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$666,842
Salaries, Compensation, and Employee Benefits$436,170
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$349,858$43,273-$393,131
Other Salaries and Wages$135,650$54,070-$189,720
Current Officers, Directors, Trustees, and Key Employees$109,125$58,759-$167,884
Fees for Services Other$96,265$29,380-$125,645
Other Employee Benefits$32,630$13,984-$46,614
Depreciation Depletion$35,214$8,803-$44,017
Payroll Taxes$25,560$6,392-$31,952
Office Expenses$20,044$4,118-$24,162
Advertising$4,241$12,722-$16,963
Fees for Services Accounting$10,350$4,435-$14,785
Insurance-$7,165-$7,165
All Other Expenses$520$3,170-$3,690
Conferences and Meetings-$3,310-$3,310
Other Expenses$3,108$4,866-$3,108
Interest-$2,173-$2,173
Information Technology$720--$720
Travel-$74-$74
Total Functional Expenses$843,864$259,148$0$1,103,012
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
Operating Lease Liability$1,036,824
Unearned Grants$585,405
Tenant Security Deposits$60,595
Tenant Rents Paid in Advance$14,055
Bank Line of Credit$602
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“A copy of the form 990 is provided to all board members for review prior to filing.”

Form 990, Part VI, Section B, Line 12C

“The board of directors requires board members annually to review a conflict of interest disclosure statement.”

Form 990, Part VI, Section C, Line 19

“The information is available upon request.”

Filing and Contact Details

Filer

Filer Name
Frederick Innovative Technology Center I
EIN
20-1262262
Phone
3016942999
Address
4539 METROPOLITAN COURT, FREDERICK, MD 21704

Signing Officer

Name
Kathie Callahan Brady
Title
President/CEO
Phone
3016942999
Signed
2024-02-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kathie Callahan Brady
Formed
2004
Legal Domicile
Md
Voting Board Members
10
Independent Board Members
9
Employees
6
Volunteers
47

Preparer

Firm
Hildebrand Limparis & Associates Cpas Pc
Address
7101 GUILFORD DRIVE SUITE 200, FREDERICK, MD 21704
Preparer
Carl Hildebrand
Phone
3016209101
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Payroll processing: program service expenses 1,070. Management and general expenses 267. Fundraising expenses 0. Total expenses 1,337. Education and training: program service expenses 7,085. Management and general expenses 7,085. Fundraising expenses 0. Total expenses 14,170. Consulting: program service expenses 88,110. Management and general expenses 22,028. Fundraising expenses 0. Total expenses 110,138.”

Raw XML AppendixShowing 400 of 470 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/AccountantCompileOrReviewInd01
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0136804
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0372654
IRS990/AccountsReceivableGrp/BOYAmt041101
IRS990/AccountsReceivableGrp/EOYAmt048635
IRS990/AcctCompileOrReviewBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO PROVIDE A NURTURING AND SUPPORTIVE ENVIRONMENT TO START-UP TECHNOLOGY-BASED BUSINESSES.
IRS990/AdvertisingGrp/ManagementAndGeneralAmt012722
IRS990/AdvertisingGrp/ProgramServicesAmt04241
IRS990/AdvertisingGrp/TotalAmt016963
IRS990/AllOtherContributionsAmt06111
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt03170
IRS990/AllOtherExpensesGrp/ProgramServicesAmt0520
IRS990/AllOtherExpensesGrp/TotalAmt03690
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd00
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0THE ORGANIZATION
IRS990/BooksInCareOfDetail/PhoneNum03016942999
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt04539 METROPOLITAN COURT
IRS990/BooksInCareOfDetail/USAddress/CityNm0FREDERICK
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MD
IRS990/BooksInCareOfDetail/USAddress/ZIPCd021704
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt0586333
IRS990/CashNonInterestBearingGrp/EOYAmt0658561
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt058759
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt0109125
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0167884
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt03310
IRS990/ConferencesMeetingsGrp/TotalAmt03310
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0963797
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt082
IRS990/CYOtherExpensesAmt0666842
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt0675011
IRS990/CYRevenuesLessExpensesAmt0535878
IRS990/CYSalariesCompEmpBnftPaidAmt0436170
IRS990/CYTotalExpensesAmt01103012
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt01638890
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt08803
IRS990/DepreciationDepletionGrp/ProgramServicesAmt035214
IRS990/DepreciationDepletionGrp/TotalAmt044017
IRS990/Desc0PROVIDES FURNISHED OFFICES AND WET LABS EQUIPPED WITH HIGH-SPEED INTERNET, TELEPHONES, AND ADMINISTRATIVE SERVICES, SUPPORTING CLIENTS EMPLOYING NEARLY A HUNDRED PEOPLE AT ANY GIVEN TIME.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd00
IRS990/DonorAdvisedFundInd00
IRS990/DonorRestrictionNetAssetsGrp/BOYAmt01187500
IRS990/DonorRestrictionNetAssetsGrp/EOYAmt00
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt06
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt0843864
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt04435
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt010350
IRS990/FeesForServicesAccountingGrp/TotalAmt014785
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt029380
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt096265
IRS990/FeesForServicesOtherGrp/TotalAmt0125645
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt057.65
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.06
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt20.77
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.04
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt40.46
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt50.19
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt60.42
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt70.12
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt80.54
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt90.19
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/PersonNm0KATHIE CALLAHAN BRADY
IRS990/Form990PartVIISectionAGrp/PersonNm1THERESA BETHUNE
IRS990/Form990PartVIISectionAGrp/PersonNm2JOHN NOWELL
IRS990/Form990PartVIISectionAGrp/PersonNm3RICHARD GRIFFIN
IRS990/Form990PartVIISectionAGrp/PersonNm4JODIE BOLLINGER
IRS990/Form990PartVIISectionAGrp/PersonNm5DAVID GURZICK
IRS990/Form990PartVIISectionAGrp/PersonNm6JON ROWLEY
IRS990/Form990PartVIISectionAGrp/PersonNm7JEANNE O'CONNELL
IRS990/Form990PartVIISectionAGrp/PersonNm8ANNE BALDUZZI
IRS990/Form990PartVIISectionAGrp/PersonNm9PATRICK WHEELER
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt0157115
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT/CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt1TREASURER/SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt3MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt4MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9MEMBER
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02004
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt010
IRS990/GovernmentGrantsAmt0957686
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt01638890
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt09
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/ProgramServicesAmt0720
IRS990/InformationTechnologyGrp/TotalAmt0720
IRS990/InsuranceGrp/ManagementAndGeneralAmt07165
IRS990/InsuranceGrp/TotalAmt07165
IRS990/InterestGrp/ManagementAndGeneralAmt02173
IRS990/InterestGrp/TotalAmt02173
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt082
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt082
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt09
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt01282305
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0227920
IRS990/LandBldgEquipBasisNetGrp/EOYAmt01094594
IRS990/LandBldgEquipCostOrOtherBssAmt02376899
IRS990/LegalDomicileStateCd0MD
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO FOSTER ENTREPRENEURIAL ACTIVITY IN THE INFORMATION TECHNOLOGY AND LIFE SCIENCE INDUSTRIES WITHIN FREDERICK COUNTY, MARYLAND.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0302339
IRS990/NetAssetsOrFundBalancesEOYAmt0838217
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0-885161
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0838217
IRS990/NoncashContributionsAmt0300
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt043273
IRS990/OccupancyGrp/ProgramServicesAmt0349858
IRS990/OccupancyGrp/TotalAmt0393131
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt04118
IRS990/OfficeExpensesGrp/ProgramServicesAmt020044
IRS990/OfficeExpensesGrp/TotalAmt024162
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt00
IRS990/OtherAssetsTotalGrp/EOYAmt01032848
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt013984
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt032630
IRS990/OtherEmployeeBenefitsGrp/TotalAmt046614
IRS990/OtherExpensesGrp/Desc0EQUIPMENT AND COMPUTER
IRS990/OtherExpensesGrp/Desc1TELEPHONE AND COMMUNICA
IRS990/OtherExpensesGrp/Desc2BAD DEBT EXPENSE
IRS990/OtherExpensesGrp/Desc3CATERING
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt02454
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt14866
IRS990/OtherExpensesGrp/ProgramServicesAmt014252
IRS990/OtherExpensesGrp/ProgramServicesAmt16327
IRS990/OtherExpensesGrp/ProgramServicesAmt23108
IRS990/OtherExpensesGrp/TotalAmt014252
IRS990/OtherExpensesGrp/TotalAmt18781
IRS990/OtherExpensesGrp/TotalAmt24866
IRS990/OtherExpensesGrp/TotalAmt33108
IRS990/OtherLiabilitiesGrp/BOYAmt0428711
IRS990/OtherLiabilitiesGrp/EOYAmt01697481
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt054070
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0135650
IRS990/OtherSalariesAndWagesGrp/TotalAmt0189720
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt06392
IRS990/PayrollTaxesGrp/ProgramServicesAmt025560
IRS990/PayrollTaxesGrp/TotalAmt031952
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt012500
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt073714
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0KATHIE CALLAHAN BRADY
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531120
IRS990/ProgramServiceRevenueGrp/BusinessCd1611710
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME FROM TEN
IRS990/ProgramServiceRevenueGrp/Desc1SERVICE FEES FROM CLIE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0622683
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt152328
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0622683
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt152328
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0230632
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0154
IRS990/PYOtherExpensesAmt0578089
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0563389
IRS990/PYRevenuesLessExpensesAmt0-165814
IRS990/PYSalariesCompEmpBnftPaidAmt0381900
IRS990/PYTotalExpensesAmt0959989
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0794175
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0535878
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0675093
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0957686
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0224657
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0404023
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0202341
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0272163
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02060870
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt02710840
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct01.00000
IRS990ScheduleA/PublicSupportPY170Pct01.00000
IRS990ScheduleA/PublicSupportTotal170Amt02060870
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0957686
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0224657
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0404023
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0202341
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0272163
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02060870
IRS990ScheduleA/TotalSupportAmt02060870
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt081741
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0638798
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0720539
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0643507
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0643507
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt01032848
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0OPERATING LEASE RIGHT-OF-USE ASSET
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt01012853
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt01012853
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt060595
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1585405
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt214055
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt3602
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt41036824
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1UNEARNED GRANTS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2TENANT RENTS PAID IN ADVANCE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3BANK LINE OF CREDIT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4OPERATING LEASE LIABILITY
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01094594
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01032848
IRS990ScheduleD/TotalLiabilityAmt01697481
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/CompensationCommitteeInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/IndependentConsultantInd0X
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0157115
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0KATHIE CALLAHAN BRADY
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT/CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0157115
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0A COMPENSATION COMMITTEE WAS ESTABLISHED BY THE BOARD TO REVIEW THE COMPENSATION OF THE PRESIDENT/CEO. AN INEPENDENT CONSULTANT WAS HIRED TO REVIEW COMPENSATION AND PROVIDE FEEDBACK TO THE BOARD.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 3
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A COPY OF THE FORM 990 IS PROVIDED TO ALL BOARD MEMBERS FOR REVIEW PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD OF DIRECTORS REQUIRES BOARD MEMBERS ANNUALLY TO REVIEW A CONFLICT OF INTEREST DISCLOSURE STATEMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE INFORMATION IS AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3PAYROLL PROCESSING: PROGRAM SERVICE EXPENSES 1,070. MANAGEMENT AND GENERAL EXPENSES 267. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,337. EDUCATION AND TRAINING: PROGRAM SERVICE EXPENSES 7,085. MANAGEMENT AND GENERAL EXPENSES 7,085. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 14,170. CONSULTING: PROGRAM SERVICE EXPENSES 88,110. MANAGEMENT AND GENERAL EXPENSES 22,028. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 110,138.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0867854
IRS990/TotalAssetsEOYAmt02908352
IRS990/TotalAssetsGrp/BOYAmt0867854
IRS990/TotalAssetsGrp/EOYAmt02908352
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalContributionsAmt0963797
IRS990/TotalEmployeeCnt06
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0259148

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$2,908,352
Liabilities
$2,070,135
Net assets
$838,217
Revenue
$1,638,890
Expenses
$1,103,012
Net income
$535,878
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.0$3.87$7.12$7.75$1.77$5.98
2023Detailed filing. Detailed filing data is available for this year.$2.91$2.07$0.84$1.64$1.10$0.54
2022Detailed filing. Detailed filing data is available for this year.$0.87$0.57$0.30$0.79$0.96$0.17
2021Detailed filing. Detailed filing data is available for this year.$0.81$0.26$0.55$1.00$0.73$0.28
2020Detailed filing. Detailed filing data is available for this year.$0.70$0.42$0.27$0.67$0.72$0.06
2019Detailed filing. Detailed filing data is available for this year.$0.68$0.35$0.33$0.77$0.88$0.11
2018Detailed filing. Detailed filing data is available for this year.$0.51$0.07$0.44$0.53$0.53$0.00
2017Detailed filing. Detailed filing data is available for this year.$0.51$0.07$0.44$0.79$0.62$0.16
2016Detailed filing. Detailed filing data is available for this year.$0.31$0.04$0.28$0.41$0.40$0.02
2015Detailed filing. Detailed filing data is available for this year.$0.32$0.06$0.25$0.41$0.48$0.07
2014Detailed filing. Detailed filing data is available for this year.$0.41$0.08$0.33$0.39$0.44$0.05
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.47$0.12$0.35$0.64
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.73$0.05$0.68$0.72
2011Summary only. Only limited summary data is available for this year.$0.88$0.11$0.77$0.55$0.67$0.11
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.96$0.08$0.88$0.72