Civic Intelligence

Anne Arundel Economic Development Corporation

990 • Fiscal year 2014 • EIN 52-1810772

Jul 01, 2013 to Jun 30, 2014 • Filed on Feb 10, 2015

Organization ProfileWWW.AAEDC.ORG
2660 Riva Road Suite 20021401

(410) 222-7410

Siviq Scores

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

Liabilities / Assets

74th percentile

0.55x

Higher debt load relative to assets than 74% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Liabilities / Revenue

85th percentile

1.64x

Higher debt load relative to revenue than 85% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Net Margin

73rd percentile

14%

Higher net margin than 73% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Top Officer Pay

39th percentile

$141,391

Higher top officer pay than 39% of similar nonprofits.

Top officer pay equals 4.1% of source-year revenue.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Asset Growth

95th percentile

54%

Faster asset growth than 95% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2013 to 2014

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2014

Balance Sheet
Liabilities / Assets74th percentile

Assets

Up

$10,076,170

Up $3,535,316 (+54%) from 2013

Net Assets

Up

$4,489,609

Up $476,562 (+12%) from 2013

Liabilities

Up

$5,586,561

Up $3,058,754 (+121%) from 2013

Revenue And Expenses
Liabilities / Revenue85th percentileNet Margin73rd percentile

Revenue

$3,411,211

No earlier filing loaded for comparison.

Expenses

Up

$2,934,649

Up $415,329 (+16%) from 2013

Net Income

$476,562

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth95th percentile

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

$20M$15M$10M$5.0M$0Assets 2010: $6,594,321Liabilities 2010: $2,114,714Net Assets 2010: $4,479,6072010Assets 2011: $6,474,955Liabilities 2011: $2,155,965Net Assets 2011: $4,318,9902011Assets 2012: $5,959,230Liabilities 2012: $2,079,931Net Assets 2012: $3,879,2992012Assets 2013: $6,540,854Liabilities 2013: $2,527,807Net Assets 2013: $4,013,0472013Assets 2014: $10,076,170Liabilities 2014: $5,586,561Net Assets 2014: $4,489,6092014Assets 2015: $10,801,510Liabilities 2015: $5,794,062Net Assets 2015: $5,007,4482015Assets 2016: $12,424,587Liabilities 2016: $7,002,930Net Assets 2016: $5,421,6572016Assets 2017: $13,399,379Liabilities 2017: $9,941,696Net Assets 2017: $3,457,6832017Assets 2018: $13,398,749Liabilities 2018: $12,141,900Net Assets 2018: $1,256,8492018Assets 2019: $14,717,678Liabilities 2019: $12,085,810Net Assets 2019: $2,631,8682019Assets 2020: $19,127,400Liabilities 2020: $15,497,408Net Assets 2020: $3,629,9922020Assets 2021: $15,670,028Liabilities 2021: $9,403,080Net Assets 2021: $6,266,9482021Assets 2022: $9,320,610Liabilities 2022: $7,288,965Net Assets 2022: $2,031,6452022Assets 2023: $10,622,173Liabilities 2023: $8,623,197Net Assets 2023: $1,998,9762023Assets 2024: $10,217,914Liabilities 2024: $8,885,666Net Assets 2024: $1,332,2482024

Highlighted filing

2014

Assets$10,076,170
Liabilities$5,586,561
Net Assets$4,489,609
Open 2014 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$40M$30M$20M$10M$0-$10MExpenses 2010: $2,374,1742010Expenses 2011: $2,416,9562011Expenses 2012: $2,454,1942012Expenses 2013: $2,519,3202013Revenue 2014: $3,411,211Expenses 2014: $2,934,649Net Income 2014: $476,5622014Revenue 2015: $3,552,289Expenses 2015: $3,034,450Net Income 2015: $517,8392015Revenue 2016: $3,383,424Expenses 2016: $2,969,215Net Income 2016: $414,2092016Revenue 2017: $3,126,020Expenses 2017: $3,601,931Net Income 2017: -$475,9112017Revenue 2018: $3,350,438Expenses 2018: $2,999,795Net Income 2018: $350,6432018Revenue 2019: $4,600,460Expenses 2019: $3,225,441Net Income 2019: $1,375,0192019Revenue 2020: $6,117,104Expenses 2020: $5,118,980Net Income 2020: $998,1242020Revenue 2021: $30,337,180Expenses 2021: $27,700,203Net Income 2021: $2,636,9772021Revenue 2022: $3,951,927Expenses 2022: $3,576,284Net Income 2022: $375,6432022Revenue 2023: $3,689,720Expenses 2023: $3,722,389Net Income 2023: -$32,6692023Revenue 2024: $4,386,829Expenses 2024: $4,463,024Net Income 2024: -$76,1952024

Highlighted filing

2014

Revenue$3,411,211
Expenses$2,934,649
Net Income$476,562
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Feb 10, 2015
Return Version
2013v4.0
Gross Receipts
$3,468,052
Mission and Program Overview

Mission

To serve business needs and to increase anne arundel county economic base through job growth and investment.

To promote economic development by providing financing options and provide economic information.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$2,131,850$4,775,591▲ $2,643,741
Cash and Non-Interest-Bearing Accounts$1,222,803$2,010,126▲ $787,323
Savings and Temporary Cash Investments$1,608,788$1,489,867▼ $118,921
Investments Other Securities$1,267,678$1,273,014▲ $5,336
Land, Buildings, and Equipment, Net$239,677$426,633▲ $186,956
Accounts Receivable$3,709$48,302▲ $44,593
Prepaid Expenses and Deferred Charges$40,746$27,030▼ $13,716
Total Assets$6,540,854$10,076,170▲ $3,535,316
Other Assets Total$25,603$25,607▲ $4
Liabilities
Other Liabilities$2,197,839$5,193,915▲ $2,996,076
Deferred Revenue$220,000$227,245▲ $7,245
Accounts Payable and Accrued Expenses$109,968$165,401▲ $55,433
Total Liabilities$2,527,807$5,586,561▲ $3,058,754
Net Assets / Fund Balance
Unrestricted Net Assets$3,971,347$4,459,705▲ $488,358
Temporarily Rstr Net Assets$41,700$29,904▼ $11,796
Total Net Assets Fund Balance$4,013,047$4,489,609▲ $476,562
Total Liabilities and Net Assets / Fund Balance$6,540,854$10,076,170▲ $3,535,316

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$293,696$359,847$653,543
Leasehold Improvements$132,937$20,862$153,799
Other Securities$1,273,014--
Compensation and Service Providers
Top Officer Pay39th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Mary BurkholderExecutive Vice PresidentFT$111,820$29,571$141,391
Ed RothsteinPresident/CEOFT-$136,615$136,615
Stephen PrimoschV.p. Financial ServicesFT$106,202$28,085$134,287
Jill SeamonAdministrative OfficerFT$96,536$25,659$122,195
Sarah BooneV.p. Real Estate DevelopmentFT$87,771$31,460$119,231
Renee WinskyExecutive Director-CICFT$95,020$19,574$114,594

Board Members and Trustees

NameTitle
Michael LivingstonAaedc Chairman/ CIC Board Member
Paul GableVice Chairman
Alvin WilliamsBoard Member - Aaedc
Hamilton ChaneyBoard Member - Aaedc
Jeff ArmigerBoard Member - Aaedc
Joe JacksonBoard Member - Aaedc
John ShetroneBoard Member - Aaedc
Randy BoldygaBoard Member - Aaedc
Jeremy ParksBoard Member - Aaedc/CIC
Veronica ToveyBoard Member - Aaedc/CIC
Alfred BerkeleyBoard Member - CIC
Helen QuickBoard Member - CIC
John WasilisinBoard Member - CIC
Scarlett BreedingTreasurer/secretary
Revenue and Support

Revenue Composition

Contributions and Grants
$2,055,000
Program Service Revenue
$1,366,560
Investment Income
$-15,124
Other Revenue
$4,775
Change in Net Assets
$476,562

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,411,211
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$275,519
Total Revenue per Audited Statements
$3,686,730
Total Revenue per Form 990
$3,411,211
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,944,279
Other Expenses$990,370
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$376,255$522,917-$899,172
Current Officers, Directors, Trustees, and Key Employees$253,519$378,179-$631,698
Other Employee Benefits$54,270$121,611-$175,881
Occupancy$147,107--$147,107
Fees for Services Other$63,272$79,947-$143,219
Advertising$63,986$77,047-$141,033
Pension Plan Contributions$32,778$91,117-$123,895
Office Expenses$73,007$45,812-$118,819
Payroll Taxes$37,516$76,117-$113,633
Interest$68,909$248-$69,157
Travel$19,531$36,304-$55,835
Fees for Services Legal$50,891$238-$51,129
Depreciation Depletion$29,341$16,383-$45,724
Fees for Services Accounting$30,235$10,660-$40,895
Insurance$15,573$5,907-$21,480
Conferences and Meetings$4,977$6,700-$11,677
Other Expenses$9,394$8,688-$9,394
All Other Expenses$1,021--$1,021
Total Functional Expenses$1,407,425$1,527,224$0$2,934,649

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$3,210,168
Expenses per Audited Statements$2,934,649
Total Expenses per Form 990$2,934,649
Expenses Not Reported on Form 990$275,519
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$40,079
Fundraising Direct Expenses$35,304
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Event 1$35,649$35,649$28,666$6,983
Event 2$4,430$4,430$6,638$-2,208
Total Events$40,079$40,079$35,304$4,775
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to State - Volt$2,992,000
Lines of Credit$2,151,381
Capital Lease Payable$42,083
Deposits$8,451
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
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, Part VI, Section B, Line 11

“The form 990 is provided to the entire board before filing.”

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

“The board of directors are required to review and sign the conflict of interest policy annually.”

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

“The organization's president/ceo's salary is determined by anne arundel county.”

Form 990, Part VI, Section C, Line 18

“The organization's form 990 is available for public inspection upon request.”

Form 990, Part VI, Section C, Line 19

“The organization makes it's governing documents, conflict of interest policy and financial statements available to the public upon request.”

Filing and Contact Details

Filer

EIN
52-1810772
Phone
4102227410

Signing Officer

Name
Michael G Livingston
Title
Chairman
Phone
4102227410
Signed
2015-02-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael G Livingston
Formed
1993
Legal Domicile
Md
Voting Board Members
14
Independent Board Members
14
Employees
18
Volunteers
14

Preparer

Preparer
Patrick M Hantske CPA
Phone
4102244920
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 2

“Anne arundel economic development corporation serves as a manager of maryland's small, minority and women-owned business loan fund, which receives 1.5 percent of video lottery terminal revenue from maryland casinos. Small and minority, women and veteran owned businesses located within 10 miles of any of maryland's three casinos and those located elsewhere in the state may be eligible for loans of between $25,000 to $500,000 for purposes such as business and commercial real estate acquisition and expansion, lease-hold improvements, equipment and vehicle purchase, and working capital. Aaedc anticipates that under the volt fund, seventy percent of its funds will be distributed to conventional small businesses and thirty percent will be directed to entrepreneurs of emerging technology.”

FORM 990, PART XII, LINE 2C:

“The organization has an annual audit performed by an independent public accountant.”

Financial Statement Notes

PART X, LINE 2:

“The corporation follows the guidance of asc 740-10, "accounting for uncertainty in income taxes" which clarifies the accounting for the recognition and measurement of the benefits of individual tax positions in the financial statements, including those of non-profit organizations. Tax positions must meet a recognition threshold of more-likely-than-not in order for the benefit of those tax positions to be recognized in the corporation's financial statements. The corporation analyzes tax positions taken, including those related to the requirements set forth in irc sec. 501 (c) to qualify as a tax exempt organization, activities performed by volunteers and board members, the reporting of unrelated business income, and its status as a tax-exempt organization under maryland state statute. The corporation does not know of any tax benefits arising from uncertain tax positions and there was no effect on the corporations financial position or changes in net assets as a result of analyzing its tax positions. Fiscal years ending on or after june 30, 2011 remain subject to examination by federal and state authorities.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“SPECIAL EVENTS 35,304.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“SPECIAL EVENTS 35,304.”

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IRS990/Form990PartVIISectionAGrp/PersonNm17JILL SEAMON
IRS990/Form990PartVIISectionAGrp/PersonNm18STEPHEN PRIMOSCH
IRS990/Form990PartVIISectionAGrp/PersonNm19MARY BURKHOLDER
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/ReportableCompFromOrgAmt1595020
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1687771
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1796536
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt18106202
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt19111820
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/ReportableCompFromRltdOrgAmt14109031
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt190
IRS990/Form990PartVIISectionAGrp/TitleTxt0AAEDC CHAIRMAN/ CIC BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER/SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD MEMBER - AAEDC/CIC
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER - AAEDC
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER - AAEDC
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER - AAEDC/CIC
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER - AAEDC
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEMBER - AAEDC
IRS990/Form990PartVIISectionAGrp/TitleTxt9BOARD MEMBER - AAEDC
IRS990/Form990PartVIISectionAGrp/TitleTxt10BOARD MEMBER - AAEDC
IRS990/Form990PartVIISectionAGrp/TitleTxt11BOARD MEMBER - CIC
IRS990/Form990PartVIISectionAGrp/TitleTxt12BOARD MEMBER - CIC
IRS990/Form990PartVIISectionAGrp/TitleTxt13BOARD MEMBER - CIC
IRS990/Form990PartVIISectionAGrp/TitleTxt14PRESIDENT/CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt15EXECUTIVE DIRECTOR-CIC
IRS990/Form990PartVIISectionAGrp/TitleTxt16V.P. REAL ESTATE DEVELOPMENT
IRS990/Form990PartVIISectionAGrp/TitleTxt17ADMINISTRATIVE OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt18V.P. FINANCIAL SERVICES
IRS990/Form990PartVIISectionAGrp/TitleTxt19EXECUTIVE VICE PRESIDENT
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01993
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd01
IRS990/FundraisingDirectExpensesAmt035304
IRS990/FundraisingGrossIncomeAmt040079
IRS990/GainOrLossGrp/OtherAmt0-21537
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt014
IRS990/GovernmentGrantsAmt02055000
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt03468052
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt014
IRS990/IndivRcvdGreaterThan100KCnt02
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt05907
IRS990/InsuranceGrp/ProgramServicesAmt015573
IRS990/InsuranceGrp/TotalAmt021480
IRS990/InterestGrp/ManagementAndGeneralAmt0248
IRS990/InterestGrp/ProgramServicesAmt068909
IRS990/InterestGrp/TotalAmt069157
IRS990/InvestmentIncomeGrp/ExclusionAmt06413
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt06413
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt01267678
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt01273014
IRS990/IRPDocumentCnt053
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0380709
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0239677
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0426633
IRS990/LandBldgEquipCostOrOtherBssAmt0807342
IRS990/LegalDomicileStateCd0MD
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt021537
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO SERVE BUSINESS NEEDS AND TO INCREASE ANNE ARUNDEL COUNTY'S ECONOMIC BASE THROUGH JOB GROWTH AND INVESTMENT.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt04013047
IRS990/NetAssetsOrFundBalancesEOYAmt04489609
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-21537
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-21537
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt04775
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt04775
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt0147107
IRS990/OccupancyGrp/TotalAmt0147107
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt045812
IRS990/OfficeExpensesGrp/ProgramServicesAmt073007
IRS990/OfficeExpensesGrp/TotalAmt0118819
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt025603
IRS990/OtherAssetsTotalGrp/EOYAmt025607
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0121611
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt054270
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0175881
IRS990/OtherExpensesGrp/Desc0REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc1RESEARCH
IRS990/OtherExpensesGrp/Desc2DUES AND SUBSCRIPTIONS
IRS990/OtherExpensesGrp/Desc3VOLT EXPENSE
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt038371
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt110978
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt28688
IRS990/OtherExpensesGrp/ProgramServicesAmt062102
IRS990/OtherExpensesGrp/ProgramServicesAmt18216
IRS990/OtherExpensesGrp/ProgramServicesAmt25525
IRS990/OtherExpensesGrp/ProgramServicesAmt39394
IRS990/OtherExpensesGrp/TotalAmt0100473
IRS990/OtherExpensesGrp/TotalAmt119194
IRS990/OtherExpensesGrp/TotalAmt214213
IRS990/OtherExpensesGrp/TotalAmt39394
IRS990/OtherLiabilitiesGrp/BOYAmt02197839
IRS990/OtherLiabilitiesGrp/EOYAmt05193915
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0522917
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0376255
IRS990/OtherSalariesAndWagesGrp/TotalAmt0899172
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt02131850
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt04775591
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt076117
IRS990/PayrollTaxesGrp/ProgramServicesAmt037516
IRS990/PayrollTaxesGrp/TotalAmt0113633
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt091117
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt032778
IRS990/PensionPlanContributionsGrp/TotalAmt0123895
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt040746
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt027030
IRS990/PrincipalOfficerNm0MICHAEL G LIVINGSTON
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0561499
IRS990/ProgramServiceRevenueGrp/BusinessCd1561499
IRS990/ProgramServiceRevenueGrp/BusinessCd2561499
IRS990/ProgramServiceRevenueGrp/BusinessCd3561499
IRS990/ProgramServiceRevenueGrp/BusinessCd4561499
IRS990/ProgramServiceRevenueGrp/Desc0CIC REVENUES
IRS990/ProgramServiceRevenueGrp/Desc1FINANCIAL SERVICES
IRS990/ProgramServiceRevenueGrp/Desc2VIDEO LOTTERY TERMINAL
IRS990/ProgramServiceRevenueGrp/Desc3AGRICULTURAL MARKETING
IRS990/ProgramServiceRevenueGrp/Desc4JOINT INITIATIVES/OTHE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0550644
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1405596
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2346072
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt363091
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt41157
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0550644
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1405596
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2346072
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt363091
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt41157
IRS990/ProgSrvcAccomActy2Grp/Desc0THE AAEDC FINANCIAL SERVICES LLC PROVIDES LOANS TO BUSINESSES LOCATED IN OR RELOCATING TO, ANNE ARUNDEL COUNTY, MARYLAND. PROGRAM IS FOR THE PURPOSE OF ENCOURAGING BUSINESS DEVELOPMENT WITHIN THE COUNTY.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0402574
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0405596
IRS990/ProgSrvcAccomActy3Grp/Desc0THE CHESAPEAKE INNOVATION CENTER LLC IS A BUSINESS INCUBATOR THAT SERVES AS A HUB OF TECHNOLOGY COMMERCILIZATION, WITH A FOCUS ON HOMELAND SECURITY, COMMUNICATIONS AND INFORMATION TECHNOLOGY SECTORS AND GENERATES NEW BUSINESS FORMATION IN ANNE ARUNDEL COUNTY, MARYLAND.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0553256
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt0550644
IRS990/ProgSrvcAccomActyOtherGrp/Desc0OTHER PROGRAM REVENUES GENERATED THROUGH ADMINISTATION OF SPECIFIED COUNTY OPERATIONS.
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt0176012
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt064248
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01505000
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt04813
IRS990/PYOtherExpensesAmt0901614
IRS990/PYOtherRevenueAmt03102
IRS990/PYProgramServiceRevenueAmt01140153
IRS990/PYRevenuesLessExpensesAmt0133748
IRS990/PYSalariesCompEmpBnftPaidAmt01617706
IRS990/PYTotalExpensesAmt02519320
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02653068
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0476562
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0346072

Document Assets

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Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$10,076,170
Liabilities
$5,586,561
Net assets
$4,489,609
Revenue
$3,411,211
Expenses
$2,934,649
Net income
$476,562
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$10.2$8.89$1.33$4.39$4.46$0.08
2023Detailed filing. Detailed filing data is available for this year.$10.6$8.62$2.00$3.69$3.72$0.03
2022Detailed filing. Detailed filing data is available for this year.$9.32$7.29$2.03$3.95$3.58$0.38
2021Detailed filing. Detailed filing data is available for this year.$15.7$9.40$6.27$30.3$27.7$2.64
2020Detailed filing. Detailed filing data is available for this year.$19.1$15.5$3.63$6.12$5.12$1.00
2019Detailed filing. Detailed filing data is available for this year.$14.7$12.1$2.63$4.60$3.23$1.38
2018Detailed filing. Detailed filing data is available for this year.$13.4$12.1$1.26$3.35$3.00$0.35
2017Detailed filing. Detailed filing data is available for this year.$13.4$9.94$3.46$3.13$3.60$0.48
2016Detailed filing. Detailed filing data is available for this year.$12.4$7.00$5.42$3.38$2.97$0.41
2015Detailed filing. Detailed filing data is available for this year.$10.8$5.79$5.01$3.55$3.03$0.52
2014Detailed filing. Detailed filing data is available for this year.$10.1$5.59$4.49$3.41$2.93$0.48
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.54$2.53$4.01$2.52
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.96$2.08$3.88$2.45
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.47$2.16$4.32$2.42
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.59$2.11$4.48$2.37