Civic Intelligence

Business Network for Maryland Offshore Wind

990 • Fiscal year 2023 • EIN 46-3553839

Jan 01, 2023 to Dec 31, 2023

Organization Profilewww.offshorewindus.org
Owings Mills, MD
Siviq Scores

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

Liabilities / Assets

63rd percentile

0.32x

Higher debt load relative to assets than 63% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Liabilities / Revenue

49th percentile

0.24x

Higher debt load relative to revenue than 49% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Net Margin

72nd percentile

16%

Higher net margin than 72% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2023

Asset Growth

81st percentile

24%

Faster asset growth than 81% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Revenue Growth

68th percentile

16%

Faster revenue growth than 68% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets63rd percentile

Assets

Up

$10,152,192

Up $1,956,481 (+24%) from 2022

Net Assets

Up

$6,931,997

Up $811,733 (+13%) from 2022

Liabilities

Up

$3,220,195

Up $1,144,748 (+55%) from 2022

Revenue And Expenses
Liabilities / Revenue49th percentileNet Margin72nd percentile

Revenue

Up

$13,309,489

Up $1,792,682 (+16%) from 2022

Expenses

Up

$11,224,728

Up $4,030,285 (+56%) from 2022

Net Income

Down

$2,084,761

Down $2,237,603 (-52%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth81st percentile

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

$15M$10M$5.0M$0Assets 2015: $632,984Liabilities 2015: $541,473Net Assets 2015: $91,5112015Assets 2016: $687,515Liabilities 2016: $479,233Net Assets 2016: $208,2822016Assets 2017: $1,049,126Liabilities 2017: $530,446Net Assets 2017: $518,6802017Assets 2018: $1,463,013Liabilities 2018: $356,160Net Assets 2018: $1,106,8532018Assets 2019: $1,970,421Liabilities 2019: $359,336Net Assets 2019: $1,611,0852019Assets 2020: $2,542,835Liabilities 2020: $899,526Net Assets 2020: $1,643,3092020Assets 2021: $3,461,113Liabilities 2021: $1,663,213Net Assets 2021: $1,797,9002021Assets 2022: $8,195,711Liabilities 2022: $2,075,447Net Assets 2022: $6,120,2642022Assets 2023: $10,152,192Liabilities 2023: $3,220,195Net Assets 2023: $6,931,9972023Assets 2024: $11,568,209Liabilities 2024: $2,789,301Net Assets 2024: $8,778,9082024

Highlighted filing

2023

Assets$10,152,192
Liabilities$3,220,195
Net Assets$6,931,997
Open 2023 Filing

Operations Trend

Revenue Growth68th percentile

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

$15M$10M$5.0M$0-$5.0MRevenue 2015: $537,083Expenses 2015: $540,145Net Income 2015: -$3,0622015Revenue 2016: $696,834Expenses 2016: $580,063Net Income 2016: $116,7712016Revenue 2017: $1,560,868Expenses 2017: $1,250,470Net Income 2017: $310,3982017Revenue 2018: $1,921,544Expenses 2018: $1,333,371Net Income 2018: $588,1732018Revenue 2019: $3,036,228Expenses 2019: $2,531,996Net Income 2019: $504,2322019Revenue 2020: $2,284,431Expenses 2020: $2,291,797Net Income 2020: -$7,3662020Revenue 2021: $2,995,834Expenses 2021: $2,841,243Net Income 2021: $154,5912021Revenue 2022: $11,516,807Expenses 2022: $7,194,443Net Income 2022: $4,322,3642022Revenue 2023: $13,309,489Expenses 2023: $11,224,728Net Income 2023: $2,084,7612023Revenue 2024: $11,861,147Expenses 2024: $10,075,062Net Income 2024: $1,786,0852024

Highlighted filing

2023

Revenue$13,309,489
Expenses$11,224,728
Net Income$2,084,761
Open 2023 Filing
Filing Detail Status

This 2023 filing currently has summary financial data only. Detailed schedules, leadership, and program rows are not available for this filing yet.

View Latest Detailed Filing (2024)
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Mission and Program Overview

Mission

The purpose of the organization is to expand public and private sector knowledge, expertise and contacts for the offshore wind industry so that they may participate in the global offshore wind supply chain and maximize member participation in the development, construction, maintenance and operation of the offshore wind industry and complimentary based projects.

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990Summary only. Only limited summary data is available for this year.

Open filing
Assets
$10,152,192
Liabilities
$3,220,195
Net assets
$6,931,997
Revenue
$13,309,489
Expenses
$11,224,728
Net income
$2,084,761
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.6$2.79$8.78$11.9$10.1$1.79
2023Summary only. Only limited summary data is available for this year.$10.2$3.22$6.93$13.3$11.2$2.08
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.20$2.08$6.12$11.5$7.19$4.32
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.46$1.66$1.80$3.00$2.84$0.15
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.54$0.90$1.64$2.28$2.29$0.01
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.97$0.36$1.61$3.04$2.53$0.50
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.46$0.36$1.11$1.92$1.33$0.59
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.05$0.53$0.52$1.56$1.25$0.31
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.69$0.48$0.21$0.70$0.58$0.12
2015Summary only. Only limited summary data is available for this year.$0.63$0.54$0.09$0.54$0.54$0.00