Civic Intelligence

Emerging Technology Centers Inc.

990 • Fiscal year 2015 • EIN 52-1732432

Jul 01, 2014 to Jun 30, 2015 • Filed on May 15, 2016

Organization ProfileWWW.ETCBALTIMORE.COM
101 N Haven Street Ste 301Baltimore, MD 21224

(443) 451-7000

Siviq Scores

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

Liabilities / Assets

99th percentile

4.15x

Higher debt load relative to assets than 99% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

91st percentile

2.32x

Higher debt load relative to revenue than 91% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

13th percentile

-21%

Higher net margin than 13% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

87th percentile

$177,274

Higher top officer pay than 87% of similar nonprofits.

Top officer pay equals 9.8% of source-year revenue.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

9th percentile

-13%

Faster asset growth than 9% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

21st percentile

-11%

Faster revenue growth than 21% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets99th percentile

Assets

Down

$1,006,855

Down $152,211 (-13%) from 2014

Net Assets

Down

-$3,169,818

Down $385,450 (-14%) from 2014

Liabilities

Up

$4,176,673

Up $233,239 (+5.9%) from 2014

Revenue And Expenses
Liabilities / Revenue91st percentileNet Margin13th percentile

Revenue

Down

$1,800,303

Down $219,353 (-11%) from 2014

Expenses

Down

$2,185,753

Down $321,499 (-13%) from 2014

Net Income

Up

-$385,450

Up $102,146 (+21%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth9th percentile

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

$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

2015

Assets$1,006,855
Liabilities$4,176,673
Net Assets-$3,169,818
Open 2015 Filing

Operations Trend

Revenue Growth21st percentile

Revenue, expenses, and net income across loaded years, with this 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

2015

Revenue$1,800,303
Expenses$2,185,753
Net Income-$385,450
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
May 15, 2016
Return Version
2014v6.0
Gross Receipts
$1,800,303
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.

ECONOMIC DEVELOPMENT

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$654,280$508,345▼ $145,935
Cash and Non-Interest-Bearing Accounts$220,574$203,199▼ $17,375
Savings and Temporary Cash Investments$163,409$193,265▲ $29,856
Prepaid Expenses and Deferred Charges$16,853$15,937▼ $916
Accounts Receivable$20,126$13,629▼ $6,497
Total Assets$1,159,066$1,006,855▼ $152,211
Other Assets Total$83,824$72,480▼ $11,344
Liabilities
Accounts Payable and Accrued Expenses$2,301,913$2,635,459▲ $333,546
Mortgage Notes Payable Secured by Investment Property$1,261,476$1,205,778▼ $55,698
Other Liabilities$380,045$335,436▼ $44,609
Total Liabilities$3,943,434$4,176,673▲ $233,239
Net Assets / Fund Balance
Unrestricted Net Assets$-2,784,368$-3,169,818▼ $385,450
Total Net Assets Fund Balance$-2,784,368$-3,169,818▼ $385,450
Total Liabilities and Net Assets / Fund Balance$1,159,066$1,006,855▼ $152,211

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$508,345$1,672,584$2,180,929
Other Assets Org$72,480--
Compensation and Service Providers
Top Officer Pay87th percentile

Employees

NameTitleOtherTotal
Jeff PillasChair/treasu$147,845$147,845
Deborah TillettPresident$112,554$112,554

Board Members and Trustees

NameTitle
Andy GuckertDirector
Ann QuinnDirector
Brendan KelleherDirector
Jennifer HammakerDirector
Jennifer RousDirector
Kelley GilmoreDirector
Kimberly ClarkDirector
Mark WagnerDirector
Richard GreenwoodDirector
Shelley LombardoDirector
Wes BlakesleeDirector
Yair FlickerDirector
Robert BrennanSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$1,006,049
Program Service Revenue
$792,505
Investment Income
$899
Other Revenue
$850
All Other Contributions
$206,876
Change in Net Assets
$-385,450

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,800,303
Total Revenue per Audited Statements
$1,800,303
Total Revenue per Form 990
$1,800,303
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,589,838
Salaries, Compensation, and Employee Benefits$437,415
Grants and Similar Amounts Paid$158,500
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$967,040$24,583-$991,623
Other Salaries and Wages$155,223$149,176-$304,399
Interest$162,206$4,159-$166,365
Grants to Domestic Orgs$158,500--$158,500
Depreciation Depletion$142,287$3,648-$145,935
Office Expenses$123,383$4,299-$127,682
Current Officers, Directors, Trustees, and Key Employees$78,872$26,291-$105,163
Fees for Services Other$46,362$1,189-$47,551
Payroll Taxes$15,932$11,921-$27,853
Travel$21,110$5,075-$26,185
Advertising$11,090$8,312-$19,402
Other Expenses$18,406$18,525-$18,525
Insurance$12,133$311-$12,444
Fees for Services Accounting-$10,000-$10,000
Fees for Services Legal$5,117$131-$5,248
Total Functional Expenses$1,917,661$268,092$0$2,185,753

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,185,753
Total Expenses per Audited Statements$2,185,753
Total Expenses per Form 990$2,185,753
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Baggio IncColumbia, MD-Economic Development$25,000
Brinkit IncBaltimore, MD-Economic Development$25,000
Full SocietyBaltimore, MD-Economic Development$25,000
Promotious LLCBaltimore, MD-Economic Development$25,000
Shapeu LLCBaltimore, MD-Economic Development$25,000
Visable LLCBaltimore, MD-Economic Development$25,000
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
Deferred Lease Expense$266,909
Tenant Security Deposits$68,527
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
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, Page 6, Part VI, Line 11B

“The preparer of the 990 makes a formal presentation to the board of directors at the december board meeting.”

Form 990, Page 6, Part VI, Line 12C

“Board members are required to disclose conflict of interest.”

Form 990, Page 6, Part VI, Line 15A

“The executive director and other top officials' salaries are set by the baltimore development corporation.”

Form 990, Page 6, Part VI, Line 19

“Available on site upon request.”

Filing and Contact Details

Filer

Filer Name
Emerging Technology Centers Inc
EIN
52-1732432
Phone
4434517000
Address
101 N HAVEN STREET STE 301, BALTIMORE, MD 21224

Signing Officer

Name
Deborah Tillet
Title
President
Phone
4434517000
Signed
2016-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Deborah Tillet
Formed
1991
Legal Domicile
Md
Voting Board Members
14
Independent Board Members
12
Employees
0
Volunteers
16

Preparer

Firm
Malvin Riggins & Company Pc
Address
2809 BOSTON STREET STE 440, BALTIMORE, MD 21224
Preparer
Thomas R Klein CPA
Phone
4106752727
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 3, Part X

“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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IRS990/InterestGrp/ManagementAndGeneralAmt04159
IRS990/InterestGrp/ProgramServicesAmt0162206
IRS990/InterestGrp/TotalAmt0166365
IRS990/InvestmentIncomeGrp/ExclusionAmt0899
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IRS990/LandBldgEquipBasisNetGrp/EOYAmt0508345
IRS990/LandBldgEquipCostOrOtherBssAmt02180929
IRS990/LegalDomicileStateCd0MD
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0ECONOMIC DEVELOPMENT
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt01261476
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt01205778
IRS990/NetAssetsOrFundBalancesBOYAmt0-2784368
IRS990/NetAssetsOrFundBalancesEOYAmt0-3169818
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt024583
IRS990/OccupancyGrp/ProgramServicesAmt0967040
IRS990/OccupancyGrp/TotalAmt0991623
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt04299
IRS990/OfficeExpensesGrp/ProgramServicesAmt0123383
IRS990/OfficeExpensesGrp/TotalAmt0127682
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt083824
IRS990/OtherAssetsTotalGrp/EOYAmt072480
IRS990/OtherExpensesGrp/Desc0TELEPHONE
IRS990/OtherExpensesGrp/Desc1BAD DEBT EXPENSE
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0472
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt118525
IRS990/OtherExpensesGrp/ProgramServicesAmt018406
IRS990/OtherExpensesGrp/TotalAmt018878
IRS990/OtherExpensesGrp/TotalAmt118525
IRS990/OtherLiabilitiesGrp/BOYAmt0380045
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IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS
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IRS990/OtherRevenueTotalAmt0850
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0149176
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0155223
IRS990/OtherSalariesAndWagesGrp/TotalAmt0304399
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt011921
IRS990/PayrollTaxesGrp/ProgramServicesAmt015932
IRS990/PayrollTaxesGrp/TotalAmt027853
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt016853
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt015937
IRS990/PrincipalOfficerNm0DEBORAH TILLET
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0RENT
IRS990/ProgramServiceRevenueGrp/Desc1SHARED SERVICES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0727372
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt165133
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0727372
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt165133
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt01115846
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt01163
IRS990/PYOtherExpensesAmt02056729
IRS990/PYOtherRevenueAmt0300
IRS990/PYProgramServiceRevenueAmt0902347
IRS990/PYRevenuesLessExpensesAmt0-487596
IRS990/PYSalariesCompEmpBnftPaidAmt0450523
IRS990/PYTotalExpensesAmt02507252
IRS990/PYTotalRevenueAmt02019656
IRS990/ReconcilationRevenueExpnssAmt0-385450
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RelatedOrganizationsAmt0799173
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0792505
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0163409
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0193265
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0OTHER INCOME 31,649
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART III, LINE 12
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt01006049
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt01115846
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0963801
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0726500
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0628320
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt04440516
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0899
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt01163
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt01366
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt01409
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt01368
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt06205
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0792505
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0902347
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt01344656
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt01699730
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt01276449
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt06015687
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0899
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt01163
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt01366
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt01409
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt01368
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt06205
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt0850
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt0300
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt011035
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt02212
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt017252
IRS990ScheduleA/OtherIncome509Grp/TotalAmt031649
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99640
IRS990ScheduleA/PublicSupportPY509Pct00.99530
IRS990ScheduleA/PublicSupportTotal509Amt010456203
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01798554
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt02018193
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt02308457
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt02426230
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt01904769
IRS990ScheduleA/Total509Grp/TotalAmt010456203
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01800303
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt02019656
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt02320858
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt02429851
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt01923389
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt010494057
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/ScheduleBRequiredInd0true
IRS990ScheduleD/ExpensesSubtotalAmt02185753
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0508345
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt01672584
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt02180929
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt072480
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DEFERRED LEASE REVENUE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0266909
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt168527
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DEFERRED LEASE EXPENSE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1TENANT SECURITY DEPOSITS
IRS990ScheduleD/RevenueSubtotalAmt01800303
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/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0508345
IRS990ScheduleD/TotalBookValueOtherAssetsAmt072480
IRS990ScheduleD/TotalExpensesPerForm990Amt02185753
IRS990ScheduleD/TotalLiabilityAmt0335436
IRS990ScheduleD/TotalRevenuePerForm990Amt01800303
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01800303
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02185753
IRS990ScheduleI/GrantRecordsMaintainedInd0false
IRS990ScheduleI/RecipientTable/CashGrantAmt025000
IRS990ScheduleI/RecipientTable/CashGrantAmt125000
IRS990ScheduleI/RecipientTable/CashGrantAmt225000
IRS990ScheduleI/RecipientTable/CashGrantAmt325000
IRS990ScheduleI/RecipientTable/CashGrantAmt425000
IRS990ScheduleI/RecipientTable/CashGrantAmt525000
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0ECONOMIC DEVELOPMENT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1ECONOMIC DEVELOPMENT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2ECONOMIC DEVELOPMENT

Document Assets

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Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,006,855
Liabilities
$4,176,673
Net assets
-$3,169,818
Revenue
$1,800,303
Expenses
$2,185,753
Net income
-$385,450
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