Civic Intelligence

Emerging Technology Centers Inc

EIN 52-1732432 • 501(c)3 • Baltimore, MD

Profile

To collaborate with local and national partners so Baltimore's innovators - especially those from historically underrepresented communities - have the knowledge, financial and social capital, talent and community they need to succeed.

36 S Charles Street 2100Baltimore, MD 21201

www.etcbaltimore.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

61st percentile

0.06x

Higher debt load relative to assets than 61% of similar nonprofits.

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

Liabilities / Revenue

56th percentile

0.03x

Higher debt load relative to revenue than 56% of similar nonprofits.

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

Net Margin

48th percentile

3.5%

Higher net margin than 48% of similar nonprofits.

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

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

18th percentile

-11%

Faster asset growth than 18% of similar nonprofits.

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

Revenue Growth

16th percentile

-21%

Faster revenue growth than 16% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets61st percentile

Assets

Up

$851,060

Up $395,403 (+87%) from 2023

Liabilities

Up

$40,687

Up $15,537 (+62%) from 2023

Net Assets

Up

$810,373

Up $379,866 (+88%) from 2023

Operations
Liabilities / Revenue56th percentileNet Margin48th percentile

Revenue

Down

$755,148

Down $88,151 (-10%) from 2023

Expenses

Down

$375,282

Down $438,129 (-54%) from 2023

Net Income

Up

$379,866

Up $349,978 (+1171%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth18th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$10M$5.0M$0-$5.0M-$10MAssets 2011: $1,436,850Liabilities 2011: $6,625,793Net Assets 2011: -$5,188,9432011Assets 2012: $1,539,484Liabilities 2012: $7,028,243Net Assets 2012: -$5,488,7592012Assets 2013: $1,458,476Liabilities 2013: $3,755,248Net Assets 2013: -$2,296,7722013Assets 2014: $1,159,066Liabilities 2014: $3,943,434Net Assets 2014: -$2,784,3682014Assets 2015: $1,006,855Liabilities 2015: $4,176,673Net Assets 2015: -$3,169,8182015Assets 2016: $1,027,732Liabilities 2016: $4,492,076Net Assets 2016: -$3,464,3442016Assets 2017: $834,400Liabilities 2017: $4,675,644Net Assets 2017: -$3,841,2442017Assets 2018: $615,250Liabilities 2018: $4,923,299Net Assets 2018: -$4,308,0492018Assets 2019: $442,042Liabilities 2019: $160,840Net Assets 2019: $281,2022019Assets 2020: $540,556Liabilities 2020: $144,865Net Assets 2020: $395,6912020Assets 2021: $553,000Liabilities 2021: $170,982Net Assets 2021: $382,0182021Assets 2022: $513,249Liabilities 2022: $112,630Net Assets 2022: $400,6192022Assets 2023: $455,657Liabilities 2023: $25,150Net Assets 2023: $430,5072023Assets 2024: $851,060Liabilities 2024: $40,687Net Assets 2024: $810,3732024

Highlighted filing

2024

Assets$851,060
Liabilities$40,687
Net Assets$810,373
Open 2024 Filing

Operations Trend

Revenue Growth16th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $1,923,389Expenses 2011: $2,609,680Net Income 2011: -$686,2912011Revenue 2012: $2,429,851Expenses 2012: $2,729,667Net Income 2012: -$299,8162012Revenue 2013: $2,355,829Expenses 2013: $2,571,250Net Income 2013: -$215,4212013Revenue 2014: $2,019,656Expenses 2014: $2,507,252Net Income 2014: -$487,5962014Revenue 2015: $1,800,303Expenses 2015: $2,185,753Net Income 2015: -$385,4502015Revenue 2016: $1,867,357Expenses 2016: $2,161,883Net Income 2016: -$294,5262016Revenue 2017: $1,946,102Expenses 2017: $2,323,002Net Income 2017: -$376,9002017Revenue 2018: $1,919,478Expenses 2018: $2,386,283Net Income 2018: -$466,8052018Revenue 2019: $2,416,043Expenses 2019: $1,488,980Net Income 2019: $927,0632019Revenue 2020: $1,055,414Expenses 2020: $940,925Net Income 2020: $114,4892020Revenue 2021: $1,006,591Expenses 2021: $1,020,264Net Income 2021: -$13,6732021Revenue 2022: $1,063,533Expenses 2022: $1,055,326Net Income 2022: $8,2072022Revenue 2023: $843,299Expenses 2023: $813,411Net Income 2023: $29,8882023Revenue 2024: $755,148Expenses 2024: $375,282Net Income 2024: $379,8662024

Highlighted filing

2024

Revenue$755,148
Expenses$375,282
Net Income$379,866
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$851,060
Liabilities
$40,687
Net assets
$810,373
Revenue
$755,148
Expenses
$375,282
Net income
$379,866
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.85$0.04$0.81$0.76$0.38$0.38
2023Detailed filing. Detailed filing data is available for this year.$0.46$0.03$0.43$0.84$0.81$0.03
2022Detailed filing. Detailed filing data is available for this year.$0.51$0.11$0.40$1.06$1.06$0.01
2021Detailed filing. Detailed filing data is available for this year.$0.55$0.17$0.38$1.01$1.02$0.01
2020Detailed filing. Detailed filing data is available for this year.$0.54$0.14$0.40$1.06$0.94$0.11
2019Detailed filing. Detailed filing data is available for this year.$0.44$0.16$0.28$2.42$1.49$0.93
2018Detailed filing. Detailed filing data is available for this year.$0.62$4.92$4.31$1.92$2.39$0.47
2017Detailed filing. Detailed filing data is available for this year.$0.83$4.68$3.84$1.95$2.32$0.38
2016Detailed filing. Detailed filing data is available for this year.$1.03$4.49$3.46$1.87$2.16$0.29
2015Detailed filing. Detailed filing data is available for this year.$1.01$4.18$3.17$1.80$2.19$0.39
2014Detailed filing. Detailed filing data is available for this year.$1.16$3.94$2.78$2.02$2.51$0.49
2013Summary only. Only limited summary data is available for this year.$1.46$3.76$2.30$2.36$2.57$0.22
2012Summary only. Only limited summary data is available for this year.$1.54$7.03$5.49$2.43$2.73$0.30
2011Summary only. Only limited summary data is available for this year.$1.44$6.63$5.19$1.92$2.61$0.69
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 15, 2025
Return Version
2023v6.0
Gross Receipts
$755,148
Mission and Program Overview

Mission

To foster a transformative community of tech-savvy, innovative, entrepreneurial people looking for creative collaboration to accelerate their growth potential and make a powerful economic impact on the City of Baltimore and beyond.

To collaborate with local and national partners so Baltimore's innovators - especially those from historically underrepresented communities - have the knowledge, financial and social capital, talent and community they need to succeed.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$383,613$809,656▲ $426,043
Cash and Non-Interest-Bearing Accounts$42,725$37,722▼ $5,003
Prepaid Expenses and Deferred Charges$29,080$3,682▼ $25,398
Accounts Receivable$239$0▼ $239
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$455,657$851,060▲ $395,403
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$17,298$40,687▲ $23,389
Other Liabilities$7,450--
Deferred Revenue$402--
Total Liabilities$25,150$40,687▲ $15,537
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$430,507$810,373▲ $379,866
Total Net Assets Fund Balance$430,507$810,373▲ $379,866
Total Liabilities and Net Assets / Fund Balance$455,657$851,060▲ $395,403
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
Colin TarbertPresident
Kimberly ClarkVice President
Dr Arti SanthanamExecutive Director
Jeff PillasSec/Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$727,045
Program Service Revenue
$28,060
Investment Income
$43
Other Revenue
$0
Change in Net Assets
$379,866
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$207,451
Other Expenses$167,831
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees-$83,757-$83,757
Occupancy$26,744$56,831-$83,575
Other Salaries and Wages$36,665$41,665-$78,330
Office Expenses$10,952$29,729-$40,681
Other Employee Benefits$7,455$25,509-$32,964
Fees for Services Accounting-$22,562-$22,562
Fees for Services Other$3,558$9,501-$13,059
Payroll Taxes$2,805$9,595-$12,400
Advertising$1,781$6,094-$7,875
Other Expenses-$79-$79
Total Functional Expenses$89,960$285,322$0$375,282
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 Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
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 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
Yes
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
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 draft of the 990 is distributed to the Board for review prior to filing.”

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

“Board members are required to disclose conflicts of interest. Policy is signed annually.”

Form 990, Part VI, Section B, Line 15A

“The Executive Director and other top officials' salaries are set by the City of Baltimore Development Corporation.”

Form 990, Part VI, Section C, Line 19

“Available on site upon request.”

Filing and Contact Details

Filer

Filer Name
Emerging Technology Centers Inc
EIN
52-1732432
Phone
4107793848
Address
36 S Charles Street 2100, Baltimore, MD 21201

Signing Officer

Name
Dr Arti Santhanam
Title
Executive Director
Signed
2025-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dr Arti Santhanam
Formed
1991
Legal Domicile
Md
Voting Board Members
3
Independent Board Members
0
Employees
0

Preparer

Firm
KL Hoffman & Company PC
Address
2809 BOSTON ST, BALTIMORE, MD 21224
Preparer
Karen L Hoffman CPA
Phone
4439901005
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 3

“After October 2023 the Organization began a strategic planning process. During this process the Organization shifted it's focus to working with national and local innovators.”

Financial Statement Notes

Part X : FIN48 Footnote

“The Internal Revenue Service has not examined (audited) any income tax returns of the Organization thus the previous three (3) years are subject to examination. The Organization has not taken any questionable tax positions with respect to unrelated business income tax or anything that would jeopardize its 501(c)(3) status.”

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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0849394
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0643458
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IRS990ScheduleA/InvestmentIncomePYPct00.00050
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IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt04724005
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IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Internal Revenue Service has not examined (audited) any income tax returns of the Organization thus the previous three (3) years are subject to examination. The Organization has not taken any questionable tax positions with respect to unrelated business income tax or anything that would jeopardize its 501(c)(3) status.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt1164431
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt080419
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt156618
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt267034
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Colin Tarbert
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1Jeff Pillas
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm2Kimberly Clark
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0President
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1Sec/Treasurer
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt2Vice President
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0330550
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt1221049
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt2276515
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0After October 2023 the Organization began a strategic planning process. During this process the Organization shifted it's focus to working with national and local innovators.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A draft of the 990 is distributed to the Board for review prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Board members are required to disclose conflicts of interest. Policy is signed annually.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The Executive Director and other top officials' salaries are set by the City of Baltimore Development Corporation.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Available on site upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part III, Line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section C, Line 19
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0City of Baltimore Development Corp
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0521744007
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501c3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0MD
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0Economic Development
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt07
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt036 S Charles Street 2100
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0Baltimore
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IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1City of Baltimore Development Corp
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