Civic Intelligence

Tech Frederick Inc.

990EZ • Fiscal year 2017 • EIN 47-4589774

Jan 01, 2017 to Dec 31, 2017 • Filed on Apr 19, 2018

118 North Market StreetFrederick, MD 21701

(301) 600-6360

Siviq Scores

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

Liabilities / Assets

57th percentile

0.00x

Higher debt load relative to assets than 57% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

58th percentile

0.00x

Higher debt load relative to revenue than 58% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Net Margin

91st percentile

47%

Higher net margin than 91% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Asset Growth

87th percentile

64%

Faster asset growth than 87% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

7th percentile

-61%

Faster revenue growth than 7% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Assets

Up

$90,547

Up $35,330 (+64%) from 2016

Net Assets

$90,447

No earlier filing loaded for comparison.

Liabilities

Up

$100

Up $100 from 2016

Revenue

Down

$70,196

Down $110,219 (-61%) from 2016

Expenses

Down

$37,466

Down $87,733 (-70%) from 2016

Net Income

Down

$32,730

Down $22,486 (-41%) from 2016

Historical Trend

Balance Sheet Trend

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

$150K$100K$50K$0Assets 2016: $55,217Liabilities 2016: $02016Assets 2017: $90,547Liabilities 2017: $100Net Assets 2017: $90,4472017Assets 2018: $79,043Liabilities 2018: $8,450Net Assets 2018: $70,5932018Assets 2019: $83,292Liabilities 2019: $0Net Assets 2019: $83,2922019Assets 2020: $98,689Liabilities 2020: $0Net Assets 2020: $98,6892020Assets 2021: $90,590Liabilities 2021: $60Net Assets 2021: $90,5302021Assets 2022: $127,130Liabilities 2022: $60Net Assets 2022: $127,0702022Assets 2023: $149,009Liabilities 2023: $900Net Assets 2023: $148,1092023Assets 2024: $95,173Liabilities 2024: $7,447Net Assets 2024: $87,7262024

Highlighted filing

2017

Assets$90,547
Liabilities$100
Net Assets$90,447

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2016: $180,415Expenses 2016: $125,199Net Income 2016: $55,2162016Revenue 2017: $70,196Expenses 2017: $37,466Net Income 2017: $32,7302017Revenue 2018: $184,817Expenses 2018: $204,371Net Income 2018: -$19,5542018Revenue 2019: $231,551Expenses 2019: $227,302Net Income 2019: $4,2492019Revenue 2020: $359,193Expenses 2020: $343,796Net Income 2020: $15,3972020Revenue 2021: $190,275Expenses 2021: $198,434Net Income 2021: -$8,1592021Revenue 2022: $363,431Expenses 2022: $326,891Net Income 2022: $36,5402022Revenue 2023: $422,762Expenses 2023: $401,723Net Income 2023: $21,0392023Revenue 2024: $341,979Expenses 2024: $402,362Net Income 2024: -$60,3832024

Highlighted filing

2017

Revenue$70,196
Expenses$37,466
Net Income$32,730
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Apr 19, 2018
Return Version
2017v2.2
Gross Receipts
$70,196
Mission and Program Overview

Mission

Techfrederick's mission is to connect, educate and empower a strong technology community and its partners by fostering growth, innovation and collaboration for the benefit of all who live and work in our region.

To identify, highlight, support, foster awareness of, advocate for, and develop frederick's growing high tech community through community education and human resource development, entrepreneurship training programs and seminars, and related events.

Program Services

DescriptionGrantsExpenses
ASPIRE TRAINING IS FREE TO LOCAL IT EMPLOYEES AND IS DESIGNED TO HELP RETAIN EMPLOYEES THROUGH THE DEVELOPMENT OF NEW SKILLS. APPROXIMATELY 28 INDIVIDUALS BENEFITTED FROM THE PROGRAM.$0$31,053
TECH FREDERICK GAMES IS AN ANNUAL EVENT DESIGNED TO PROVIDE AN OPPORTUNITY FOR LOCAL TECH BUSINESSES TO CONNECT AND HAVE FUN, WHILE RAISING AWARENESS OF TECH FREDERICK AND THE PARTICIPATING COMPANIES. APPROXIMATELY 110 INDIVIDUALS BENEFITTED FROM THE PROGRAM.$0$10,370
WEBSITE REDESIGN PROJECT IS DESIGNED TO ENHANCE BRAND AWARENESS AND SERVE AS A RESOURCE FOR ALL THINGS TECH IN FREDERICK, INCLUDING AN INTERACTIVE JOB BOARD TO CONNECT INDIVIDUALS WITH POTENTIAL AVAILABLE HIGH-TECH OPPORTUNITIES IN THE GREATER FREDERICK AREA.$0$6,498
TECH BREAKFASTS ARE DESIGNED TO CONNECT, INFORM, AND INSPIRE IT PROFESSIONALS. APPROXIMATELY 100 INDIVIDUALS BENEFITTED FROM THE PROGRAM.$0$2,740
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
VAUGHN THURMANPresident/DirectorPT$0--
NICK DAMOULAKISTreasurer/DirectorPT$0--
SCOTT RYSERSecretary/Director-$0--
Filing and Contact Details

Filer

Filer Name
Tech Frederick Inc
EIN
47-4589774
Phone
3016006360
Address
118 NORTH MARKET STREET, FREDERICK, MD 21701

Signing Officer

Name
Vaughn Thurman
Title
President
Phone
3016006360
Signed
2018-04-19
Discuss with paid preparer
Yes

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-ez, Part I, Line 16 - Other Expenses

Description: materials- faculty/classroom. Amount: 112. Description: supplies. Amount: 232. Description: advertising. Amount: 13,106. Description: insurance. Amount: 615. Description: meals. Amount: 1,301. Description: travel. Amount: 100. Total to form 990-ez, line 16: 15,466.

Form 990-ez, Part I, Line 20 - Other Changes in Net Assets

Description: prior period adjustment. Amount: 2,500.

Form 990-ez, Part II, Line 24 - Other Assets

Description: accounts receivable. Beg. Of year amount: 0. End of year amount: 300.

Form 990-ez, Part II, Line 26 - Other Liabilities

Description: accounts payable. Beg. Of year amount: 0. End of year amount: 100.

Raw XML Appendix154 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
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IRS990EZ/BooksInCareOfDetail/PhoneNum03016006360
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IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0FREDERICK
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MD
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0VAUGHN THURMAN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1NICK DAMOULAKIS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2SCOTT RYSER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT/DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1TREASURER/DIRECTOR
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IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0TO IDENTIFY, HIGHLIGHT, SUPPORT, FOSTER AWARENESS OF, ADVOCATE FOR, AND DEVELOP FREDERICK'S GROWING HIGH TECH COMMUNITY THROUGH COMMUNITY EDUCATION AND HUMAN RESOURCE DEVELOPMENT, ENTREPRENEURSHIP TRAINING PROGRAMS AND SEMINARS, AND RELATED EVENTS.
IRS990EZ/PrintingPublicationsPostageAmt010
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IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1TECH FREDERICK GAMES IS AN ANNUAL EVENT DESIGNED TO PROVIDE AN OPPORTUNITY FOR LOCAL TECH BUSINESSES TO CONNECT AND HAVE FUN, WHILE RAISING AWARENESS OF TECH FREDERICK AND THE PARTICIPATING COMPANIES. APPROXIMATELY 110 INDIVIDUALS BENEFITTED FROM THE PROGRAM.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt2WEBSITE REDESIGN PROJECT IS DESIGNED TO ENHANCE BRAND AWARENESS AND SERVE AS A RESOURCE FOR ALL THINGS TECH IN FREDERICK, INCLUDING AN INTERACTIVE JOB BOARD TO CONNECT INDIVIDUALS WITH POTENTIAL AVAILABLE HIGH-TECH OPPORTUNITIES IN THE GREATER FREDERICK AREA.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt3TECH BREAKFASTS ARE DESIGNED TO CONNECT, INFORM, AND INSPIRE IT PROFESSIONALS. APPROXIMATELY 100 INDIVIDUALS BENEFITTED FROM THE PROGRAM.
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IRS990EZ/ProhibitedTaxShelterTransInd00
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: MATERIALS- FACULTY/CLASSROOM. AMOUNT: 112. DESCRIPTION: SUPPLIES. AMOUNT: 232. DESCRIPTION: ADVERTISING. AMOUNT: 13,106. DESCRIPTION: INSURANCE. AMOUNT: 615. DESCRIPTION: MEALS. AMOUNT: 1,301. DESCRIPTION: TRAVEL. AMOUNT: 100. TOTAL TO FORM 990-EZ, LINE 16: 15,466.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION: PRIOR PERIOD ADJUSTMENT. AMOUNT: 2,500.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DESCRIPTION: ACCOUNTS RECEIVABLE. BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 300.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DESCRIPTION: ACCOUNTS PAYABLE. BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 100.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 20 - OTHER CHANGES IN NET ASSETS
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 24 - OTHER ASSETS
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES
TransferPrsnlBnftContractsDecl/DeclarationDesc0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0VAUGHN THURMAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum03016006360
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-04-19
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0TECH FREDERICK INC
ReturnHeader/Filer/BusinessNameControlTxt0TECH
ReturnHeader/Filer/EIN0474589774
ReturnHeader/Filer/PhoneNum03016006360
ReturnHeader/Filer/USAddress/AddressLine1Txt0118 NORTH MARKET STREET
ReturnHeader/Filer/USAddress/CityNm0FREDERICK
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MD
ReturnHeader/Filer/USAddress/ZIPCd021701
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ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt066.193.26.98
ReturnHeader/FilingSecurityInformation/IPDt02018-04-19
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ED
ReturnHeader/FilingSecurityInformation/IPTm012:16:20
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0521946112
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0HILDEBRAND LIMPARIS & ASSOCIATES CPAS PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt07101 GUILFORD DRIVE SUITE 200
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0FREDERICK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd021704
ReturnHeader/PreparerPersonGrp/PhoneNum03016209101
ReturnHeader/PreparerPersonGrp/PreparationDt02018-04-18
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CARL HILDEBRAND
ReturnHeader/ReturnTs02018-05-10T08:03:51-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

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Filings