Civic Intelligence

Frederick Innovative Technology Center Inc.

990 • Fiscal year 2018 • EIN 20-1262262

Jul 01, 2017 to Jun 30, 2018 • Filed on Nov 15, 2018

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

68th percentile

0.14x

Higher debt load relative to assets than 68% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Liabilities / Revenue

70th percentile

0.13x

Higher debt load relative to revenue than 70% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Net Margin

38th percentile

-0.4%

Higher net margin than 38% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Top Officer Pay

50th percentile

$0

Higher top officer pay than 50% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Asset Growth

41st percentile

-1.0%

Faster asset growth than 41% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Revenue Growth

10th percentile

-32%

Faster revenue growth than 10% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Assets

Down

$509,604

Down $4,950 (-1.0%) from 2017

Net Assets

Down

$438,825

Down $2,290 (-0.5%) from 2017

Liabilities

Down

$70,779

Down $2,660 (-3.6%) from 2017

Revenue

Down

$531,614

Down $255,558 (-32%) from 2017

Expenses

Down

$533,904

Down $89,791 (-14%) from 2017

Net Income

Down

-$2,290

Down $165,767 (-101%) from 2017

Historical Trend

Balance Sheet Trend

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

2018

Assets$509,604
Liabilities$70,779
Net Assets$438,825

Operations Trend

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

2018

Revenue$531,614
Expenses$533,904
Net Income-$2,290
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Nov 15, 2018
Return Version
2017v2.3
Gross Receipts
$531,614
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$273,853$245,629▼ $28,224
Cash and Non-Interest-Bearing Accounts$185,982$176,581▼ $9,401
Accounts Receivable$54,719$87,394▲ $32,675
Total Assets$514,554$509,604▼ $4,950
Liabilities
Other Liabilities$50,797$57,064▲ $6,267
Mortgage Notes Payable Secured by Investment Property$14,546$11,286▼ $3,260
Accounts Payable and Accrued Expenses$8,096$2,429▼ $5,667
Total Liabilities$73,439$70,779▼ $2,660
Net Assets / Fund Balance
Temporarily Rstr Net Assets$1,612,500$1,612,500→ $0
Unrestricted Net Assets$-1,171,385$-1,173,675▼ $2,290
Total Net Assets Fund Balance$441,115$438,825▼ $2,290
Total Liabilities and Net Assets / Fund Balance$514,554$509,604▼ $4,950

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$165,488$478,019$643,507
Equipment$80,141$484,779$564,920
Compensation and Service Providers

Board Members and Trustees

NameTitle
Carl GrantChairman
Brett KraimerEducation Committee Chair
Jon RowleyGrowth Advisory Committee Cochair
Scott RyserGrowth Advisory Committee Cochair
Don SchillingPast Chairman
David GurzickPromotion Committee Chair
Kathie Callahan BradyPresident/CEO
Pj BellomoVice Chairman
Richard GriffinVice Chairman
Eric WuMember
Helen PropheterMember
Nick DamoulakisMember
Ron KaeseMember
Tamar OstermanMember
Ted GregoryTreasurer/secretary
Revenue and Support

Revenue Composition

Contributions and Grants
$79,888
Program Service Revenue
$451,583
Investment Income
$143
Other Revenue
$0
All Other Contributions
$7,561
Change in Net Assets
$-2,290

Audited Revenue Reconciliation

Revenue per Audited Statements
$0
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$0
Total Revenue per Form 990
$0
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$403,346
Salaries, Compensation, and Employee Benefits$130,558
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$212,701$22,127-$234,828
Other Salaries and Wages$84,812$28,599-$113,411
Depreciation Depletion$52,057$13,014-$65,071
Advertising$18,561--$18,561
Fees for Services Other$11,399$2,362-$13,761
Payroll Taxes$9,408$3,590-$12,998
Office Expenses$4,761$5,003-$9,764
Fees for Services Accounting-$4,500-$4,500
Other Employee Benefits$2,776$1,373-$4,149
Conferences and Meetings$429$3,114-$3,543
Fees for Services Legal$3,250--$3,250
Other Expenses$1,925$971-$2,896
Insurance-$1,270-$1,270
Interest-$1,041-$1,041
Total Functional Expenses$428,572$105,332$0$533,904

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$692,178
Expenses per Audited Statements$533,904
Total Expenses per Form 990$533,904
Expenses Not Reported on Form 990$158,274
Expenses Not Reported on Financial Statements$0
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
Tenant Security Deposits$29,050
Capital Lease Obligation$17,514
Unearned Grants$10,500
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
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
EIN
20-1262262
Phone
3016942999
Address
4539 METROPOLITAN COURT, FREDERICK, MD 21704

Signing Officer

Name
Edmond Gregory
Title
Treasurer
Phone
2403796322
Signed
2018-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Edmond Gregory
Formed
2004
Legal Domicile
Md
Voting Board Members
15
Independent Board Members
15
Employees
5
Volunteers
0

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 XII, LINE 2C:

The process has not changed since the prior year.

Financial Statement Notes

PART X, LINE 2:

The organization's federal exempt organization tax returns are subject to examination by the irs, generally for three years after they were filed. For the year ended june 30, 2018 and open tax years 2017, 2016 and 2015, there is no known unrecognized tax provision.

Raw XML AppendixShowing 400 of 467 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/BOYAmt08096
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt02429
IRS990/AccountsReceivableGrp/BOYAmt054719
IRS990/AccountsReceivableGrp/EOYAmt087394
IRS990/AcctCompileOrReviewBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO PROVIDE A NURTURING AND SUPPORTIVE ENVIRONMENT TO START-UP TECHNOLOGY-BASED BUSINESSES.
IRS990/AdvertisingGrp/ProgramServicesAmt018561
IRS990/AdvertisingGrp/TotalAmt018561
IRS990/AllOtherContributionsAmt07561
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
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/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt0185982
IRS990/CashNonInterestBearingGrp/EOYAmt0176581
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt03114
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt0429
IRS990/ConferencesMeetingsGrp/TotalAmt03543
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt079888
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0143
IRS990/CYOtherExpensesAmt0403346
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt0451583
IRS990/CYRevenuesLessExpensesAmt0-2290
IRS990/CYSalariesCompEmpBnftPaidAmt0130558
IRS990/CYTotalExpensesAmt0533904
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0531614
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt013014
IRS990/DepreciationDepletionGrp/ProgramServicesAmt052057
IRS990/DepreciationDepletionGrp/TotalAmt065071
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/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt05
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt0428572
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt04500
IRS990/FeesForServicesAccountingGrp/TotalAmt04500
IRS990/FeesForServicesLegalGrp/ProgramServicesAmt03250
IRS990/FeesForServicesLegalGrp/TotalAmt03250
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt02362
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt011399
IRS990/FeesForServicesOtherGrp/TotalAmt013761
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt055.81
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt10.42
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt20.42
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt30.12
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt40.42
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt50.81
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt60.12
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt70.12
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt80.12
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt90.12
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt100.12
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt110.81
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt121.12
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt130.81
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt141.92
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/IndividualTrusteeOrDirectorInd10X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd11X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd12X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd13X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd14X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
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/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt120
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt130
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt140
IRS990/Form990PartVIISectionAGrp/PersonNm0KATHIE CALLAHAN BRADY
IRS990/Form990PartVIISectionAGrp/PersonNm1SCOTT RYSER
IRS990/Form990PartVIISectionAGrp/PersonNm2JON ROWLEY
IRS990/Form990PartVIISectionAGrp/PersonNm3DAVID GURZICK
IRS990/Form990PartVIISectionAGrp/PersonNm4BRETT KRAIMER
IRS990/Form990PartVIISectionAGrp/PersonNm5HELEN PROPHETER
IRS990/Form990PartVIISectionAGrp/PersonNm6TAMAR OSTERMAN
IRS990/Form990PartVIISectionAGrp/PersonNm7RON KAESE
IRS990/Form990PartVIISectionAGrp/PersonNm8NICK DAMOULAKIS
IRS990/Form990PartVIISectionAGrp/PersonNm9ERIC WU
IRS990/Form990PartVIISectionAGrp/PersonNm10DON SCHILLING
IRS990/Form990PartVIISectionAGrp/PersonNm11CARL GRANT
IRS990/Form990PartVIISectionAGrp/PersonNm12PJ BELLOMO
IRS990/Form990PartVIISectionAGrp/PersonNm13RICHARD GRIFFIN
IRS990/Form990PartVIISectionAGrp/PersonNm14TED GREGORY
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
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/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
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/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT/CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt1GROWTH ADVISORY COMMITTEE COCHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2GROWTH ADVISORY COMMITTEE COCHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt3PROMOTION COMMITTEE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt4EDUCATION COMMITTEE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt5MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt10PAST CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt11CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt12VICE CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt13VICE CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt14TREASURER/SECRETARY
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02004
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt015
IRS990/GovernmentGrantsAmt072327
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0531614
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt015
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt01270
IRS990/InsuranceGrp/TotalAmt01270
IRS990/InterestGrp/ManagementAndGeneralAmt01041
IRS990/InterestGrp/TotalAmt01041
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt0143
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0143
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt015
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0962798
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0273853
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0245629
IRS990/LandBldgEquipCostOrOtherBssAmt01208427
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/MortgNotesPyblScrdInvstPropGrp/BOYAmt014546
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt011286
IRS990/NetAssetsOrFundBalancesBOYAmt0441115
IRS990/NetAssetsOrFundBalancesEOYAmt0438825
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt022127
IRS990/OccupancyGrp/ProgramServicesAmt0212701
IRS990/OccupancyGrp/TotalAmt0234828
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt05003
IRS990/OfficeExpensesGrp/ProgramServicesAmt04761
IRS990/OfficeExpensesGrp/TotalAmt09764
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt01373
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt02776
IRS990/OtherEmployeeBenefitsGrp/TotalAmt04149
IRS990/OtherExpensesGrp/Desc0EQUIPMENT AND COMPUTER
IRS990/OtherExpensesGrp/Desc1MEMBERSHIP DUES
IRS990/OtherExpensesGrp/Desc2TELEPHONE AND COMMUNICA
IRS990/OtherExpensesGrp/Desc3CATERING
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt013575
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt14793
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2971
IRS990/OtherExpensesGrp/ProgramServicesAmt022409
IRS990/OtherExpensesGrp/ProgramServicesAmt14084
IRS990/OtherExpensesGrp/ProgramServicesAmt21925
IRS990/OtherExpensesGrp/TotalAmt022409
IRS990/OtherExpensesGrp/TotalAmt113575
IRS990/OtherExpensesGrp/TotalAmt28877
IRS990/OtherExpensesGrp/TotalAmt32896
IRS990/OtherLiabilitiesGrp/BOYAmt050797
IRS990/OtherLiabilitiesGrp/EOYAmt057064
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt028599
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt084812
IRS990/OtherSalariesAndWagesGrp/TotalAmt0113411
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt03590
IRS990/PayrollTaxesGrp/ProgramServicesAmt09408
IRS990/PayrollTaxesGrp/TotalAmt012998
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0EDMOND GREGORY
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531120
IRS990/ProgramServiceRevenueGrp/BusinessCd1611710
IRS990/ProgramServiceRevenueGrp/BusinessCd2900099
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME FROM TEN
IRS990/ProgramServiceRevenueGrp/Desc1SERVICE FEES FROM CLIE
IRS990/ProgramServiceRevenueGrp/Desc2SPONSORSHIP INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0415633
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt124617
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt211333
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0415633
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt124617
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt211333
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0335758
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt02010
IRS990/PYOtherExpensesAmt0400989
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0449404
IRS990/PYRevenuesLessExpensesAmt0163477
IRS990/PYSalariesCompEmpBnftPaidAmt0222706
IRS990/PYTotalExpensesAmt0623695
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0787172
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-2290
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0451726
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt072327
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0127286
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt090000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0104500
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt094516
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0488629
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt01811117
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct01.00000
IRS990ScheduleA/PublicSupportPY170Pct01.00000
IRS990ScheduleA/PublicSupportTotal170Amt0488629
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt072327
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0127286
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt090000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0104500
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt094516
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0488629
IRS990ScheduleA/TotalSupportAmt0488629
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/DonatedServicesUseFcltsAmt0158274
IRS990ScheduleD/EquipmentGrp/BookValueAmt080141
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0484779
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0564920
IRS990ScheduleD/ExpensesNotReportedAmt0158274
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0533904
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0165488
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0478019
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0643507
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt029050
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt117514
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt210500
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1CAPITAL LEASE OBLIGATION
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2UNEARNED GRANTS
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt00
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION'S FEDERAL EXEMPT ORGANIZATION TAX RETURNS ARE SUBJECT TO EXAMINATION BY THE IRS, GENERALLY FOR THREE YEARS AFTER THEY WERE FILED. FOR THE YEAR ENDED JUNE 30, 2018 AND OPEN TAX YEARS 2017, 2016 AND 2015, THERE IS NO KNOWN UNRECOGNIZED TAX PROVISION.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0245629
IRS990ScheduleD/TotalExpensesPerForm990Amt0533904
IRS990ScheduleD/TotalLiabilityAmt057064
IRS990ScheduleD/TotalRevenuePerForm990Amt00
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt00
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0692178
IRS990/ScheduleJRequiredInd00
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/ExplanationTxt3THE PROCESS HAS NOT CHANGED SINCE THE PRIOR YEAR.
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 XII, LINE 2C:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt01612500
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt01612500
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0514554
IRS990/TotalAssetsEOYAmt0509604
IRS990/TotalAssetsGrp/BOYAmt0514554
IRS990/TotalAssetsGrp/EOYAmt0509604
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt079888
IRS990/TotalEmployeeCnt05
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0105332
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0428572
IRS990/TotalFunctionalExpensesGrp/TotalAmt0533904
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt073439

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

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