Civic Intelligence

Anne Arundel Economic Development Corporation

990 • Fiscal year 2017 • EIN 52-1810772

Jul 01, 2016 to Jun 30, 2017 • Filed on May 15, 2018

Organization ProfileWWW.AAEDC.ORG
2660 Riva Road No 200Annapolis, MD 21401

(410) 222-7410

Siviq Scores

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

Liabilities / Assets

84th percentile

0.74x

Higher debt load relative to assets than 84% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Liabilities / Revenue

91st percentile

3.18x

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

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Net Margin

12th percentile

-15%

Higher net margin than 12% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Top Officer Pay

46th percentile

$161,508

Higher top officer pay than 46% of similar nonprofits.

Top officer pay equals 5.2% of source-year revenue.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Asset Growth

61st percentile

7.8%

Faster asset growth than 61% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Revenue Growth

19th percentile

-7.6%

Faster revenue growth than 19% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets84th percentile

Assets

Up

$13,399,379

Up $974,792 (+7.8%) from 2016

Net Assets

Down

$3,457,683

Down $1,963,974 (-36%) from 2016

Liabilities

Up

$9,941,696

Up $2,938,766 (+42%) from 2016

Revenue And Expenses
Liabilities / Revenue91st percentileNet Margin12th percentile

Revenue

Down

$3,126,020

Down $257,404 (-7.6%) from 2016

Expenses

Up

$3,601,931

Up $632,716 (+21%) from 2016

Net Income

Down

-$475,911

Down $890,120 (-215%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth61st 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

2017

Assets$13,399,379
Liabilities$9,941,696
Net Assets$3,457,683
Open 2017 Filing

Operations Trend

Revenue Growth19th percentile

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

2017

Revenue$3,126,020
Expenses$3,601,931
Net Income-$475,911
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
May 15, 2018
Return Version
2016v3.0
Gross Receipts
$3,218,386
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$6,592,732$7,224,299▲ $631,567
Rtn Earn Endowment Incm Other Fnds$5,421,657$2,779,605▼ $2,642,052
Savings and Temporary Cash Investments$2,256,629$2,004,040▼ $252,589
Cash and Non-Interest-Bearing Accounts$2,049,917$1,951,121▼ $98,796
Investments Other Securities$853,370$855,512▲ $2,142
Land, Buildings, and Equipment, Net$462,610$478,145▲ $15,535
Cap Stk Tr Prin Current Funds$0$428,078▲ $428,078
Pd in Cap Srpls Land Bldg Eqp Fund$0$250,000▲ $250,000
Accounts Receivable$158,404$97,338▼ $61,066
Prepaid Expenses and Deferred Charges$28,699$66,608▲ $37,909
Total Assets$12,424,587$13,399,379▲ $974,792
Other Assets Total$22,226$722,316▲ $700,090
Liabilities
Other Liabilities$4,894,550$8,386,533▲ $3,491,983
Mortgage Notes Payable Secured by Investment Property$1,648,776$997,156▼ $651,620
Accounts Payable and Accrued Expenses$239,604$334,468▲ $94,864
Deferred Revenue$220,000$223,539▲ $3,539
Total Liabilities$7,002,930$9,941,696▲ $2,938,766
Net Assets / Fund Balance
Total Net Assets Fund Balance$5,421,657$3,457,683▼ $1,963,974
Total Liabilities and Net Assets / Fund Balance$12,424,587$13,399,379▲ $974,792

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$130,184$350,026$480,210
Equipment$208,268$172,046$380,314
Leasehold Improvements$139,693$49,762$189,455
Other Assets Org$702,645--
Other Securities$855,512--
Compensation and Service Providers
Top Officer Pay46th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Michael TentnowskiDirector, CICFT$111,443$50,065$161,508
Mary BurkholderVice President, Business DevelopmentFT$118,100$42,086$160,186
Stephen PrimoschVice President, Financial ServicesFT$102,088$56,802$158,890
Robert HannonPresident/CEOFT$129,748$27,697$157,445
Jill SeamonAdministrative OfficerFT$113,976$29,228$143,204

Board Members and Trustees

NameTitle
Jeff ArmigerAaedc Chairman / CIC Board
Paul GableVice Chair
Eliot PowellBoard Member- Aaedc
Hamilton ChaneyBoard Member- Aaedc
Joe JacksonBoard Member- Aaedc
John ShetronBoard Member- Aaedc
Kevin CarterBoard Member- Aaedc
Randy BoldygaBoard Member- Aaedc
Ron DillonBoard Member- Aaedc
Veronica ToveyBoard Member- Aaedc
Alfred BerkeleyBoard Member- CIC
Helen QuickBoard Member- CIC
Jeremy ParksBoard Member- CIC
John WasilisinBoard Member- CIC
Eric DevitoSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$2,162,500
Program Service Revenue
$874,654
Investment Income
$109,271
Other Revenue
$-20,405
Change in Net Assets
$-475,911

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,151,159
Revenue Not Reported on Financial Statements
$-25,139
Revenue Not Reported on Form 990
$313,644
Other Revenue Adjustments
$-25,139
Total Revenue per Audited Statements
$3,464,803
Total Revenue per Form 990
$3,126,020
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,046,589
Other Expenses$1,555,342
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$972,445$107,049-$1,079,494
Occupancy$541,056--$541,056
Current Officers, Directors, Trustees, and Key Employees$518,484--$518,484
Pension Plan Contributions$147,952$56,335-$204,287
Other Employee Benefits$75,809$56,628-$132,437
Advertising$122,679$7,014-$129,693
Payroll Taxes$89,753$22,134-$111,887
Depreciation Depletion$87,994$13,176-$101,170
Fees for Services Other$92,615$1,101-$93,716
All Other Expenses$84,384$4,837-$89,221
Office Expenses$49,963$12,678-$62,641
Interest-$53,921-$53,921
Travel$45,669$2,672-$48,341
Other Expenses$43,485$1,390-$44,875
Fees for Services Accounting$28,478$7,545-$36,023
Insurance$7,354$11,963-$19,317
Fees for Services Legal$11,146$1,456-$12,602
Information Technology$3,839$3,083-$6,922
Total Functional Expenses$3,137,520$464,411$0$3,601,931

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$3,627,070
Expenses per Audited Statements$3,601,931
Total Expenses per Form 990$3,601,931
Expenses Not Reported on Form 990$25,139
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$25,139
Fundraising Gross Income$4,734
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
Due to State-volt$5,783,162
Pension Liability$2,553,304
Capital Lease Payable$50,067
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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 A, Line 1

“The executive committee shall be empowered to act on behalf of the board of directors on any issue except elections and amendments to the articles of incorporation or to the by-laws and shall report all actions taken at the next regular or special meeting of the board.”

Form 990, Part VI, Section B, Line 11B

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

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

“The conflict of interest policy applies to the directors of the organization. A director shall disclose to the board of directors any interest that the director may have, as well as any known interest held by the director's spouse or by any relative of the director or the director's spouse, in any contract or transaction under consideration by the corporation. If a director is also a director in a corporation, firm, or other entity with which the corporation proposes to contract or otherwise transact business, the director shall disclose that fact as well. Except for administrative or ministerial duties that do not affect the disposition or decision, the director shall not vote upon or participate in any way in any contract or transaction with a relative of a director or with a corporation, firm, or other entity in which the director has an interest or in which the director is a director. The director shall leave the room during consideration, discussion, and voting on the matter. The presence of the interested director may be counted for purposes of determining a quorum at the meeting. Each director shall file on at least a yearly basis the attached director's and officer's disclosure statement.”

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

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

Form 990, Part VI, Section C, Line 18

“The organization makes these documents available to the public upon request.”

Form 990, Part VI, Section C, Line 19

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

Filing and Contact Details

Filer

Filer Name
Anne Arundel Economic Development
EIN
52-1810772
Phone
4102227410
Address
2660 RIVA ROAD NO 200, ANNAPOLIS, MD 21401

Signing Officer

Name
Jeff Armiger
Title
Chairman
Phone
4102227410
Signed
2018-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jeff Armiger
Formed
1993
Legal Domicile
Md
Voting Board Members
13
Independent Board Members
13
Employees
20
Volunteers
15

Preparer

Firm
Cliftonlarsonallen Llp
Address
1966 GREENSPRING DRIVE SUITE 300, TIMONIUM, MD 21093-4161
Preparer
Patricia L Katebini CPA
Phone
4104530900
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“The corporation is exempt from federal and state income tax under section 503(c) of the internal revenue code and does not believe they have any uncertain tax positions.”

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“Special event expense -25,139.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Special event expense 25,139.”

Raw XML AppendixShowing 400 of 675 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
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0239604
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0334468
IRS990/AccountsReceivableGrp/BOYAmt0158404
IRS990/AccountsReceivableGrp/EOYAmt097338
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO PROMOTE ECONOMIC DEVELOPMENT BY PROVIDING FINANCING OPTIONS AND PROVIDE ECONOMIC INFORMATION.
IRS990/AdvertisingGrp/ManagementAndGeneralAmt07014
IRS990/AdvertisingGrp/ProgramServicesAmt0122679
IRS990/AdvertisingGrp/TotalAmt0129693
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt04837
IRS990/AllOtherExpensesGrp/ProgramServicesAmt084384
IRS990/AllOtherExpensesGrp/TotalAmt089221
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0JILL SEAMON ADMINISTRATIVE OFFICER
IRS990/BooksInCareOfDetail/PhoneNum04102227410
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt02660 RIVA ROAD NO 200
IRS990/BooksInCareOfDetail/USAddress/CityNm0ANNAPOLIS
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MD
IRS990/BooksInCareOfDetail/USAddress/ZIPCd021401
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt00
IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt0428078
IRS990/CashNonInterestBearingGrp/BOYAmt02049917
IRS990/CashNonInterestBearingGrp/EOYAmt01951121
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt0518484
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0518484
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt02162500
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0109271
IRS990/CYOtherExpensesAmt01555342
IRS990/CYOtherRevenueAmt0-20405
IRS990/CYProgramServiceRevenueAmt0874654
IRS990/CYRevenuesLessExpensesAmt0-475911
IRS990/CYSalariesCompEmpBnftPaidAmt02046589
IRS990/CYTotalExpensesAmt03601931
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt03126020
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DeferredRevenueGrp/BOYAmt0220000
IRS990/DeferredRevenueGrp/EOYAmt0223539
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt013176
IRS990/DepreciationDepletionGrp/ProgramServicesAmt087994
IRS990/DepreciationDepletionGrp/TotalAmt0101170
IRS990/Desc0ANNE ARUNDEL ECONOMIC DEVELOPMENT CORPORATION SERVES AS A MANAGER OF MARYLAND SMALL MINORITY AND WOMEN-OWNED BUSINESS LOAN FUND, WHICH RECEIVES 1.5% OF VIDEO LOTTERY TERMINAL REVENUE FROM MARYLAND CASINOS. SMALL AND MINORITY, WOMEN AND VETERAN OWNED BUSINESSES LOCATED WITHIN 10 MILES OF ANY 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, LEASEHOLD IMPROVEMENTS, EQUIPMENT AND VEHICLE PURCHASE, AND WORKING CAPITAL.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd00
IRS990/DonatedServicesAndUseFcltsAmt0313644
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt020
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt02533011
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt07545
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt028478
IRS990/FeesForServicesAccountingGrp/TotalAmt036023
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt01456
IRS990/FeesForServicesLegalGrp/ProgramServicesAmt011146
IRS990/FeesForServicesLegalGrp/TotalAmt012602
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt01101
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt092615
IRS990/FeesForServicesOtherGrp/TotalAmt093716
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt05.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt15.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt25.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt35.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt45.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt55.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt65.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt75.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt85.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt95.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt105.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt115.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt125.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt135.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt145.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1540.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1640.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1740.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1840.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1940.00
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd0X
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd10X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd11X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd12X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd13X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd14X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd5X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt120
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt130
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt140
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1527297
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1634434
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1738478
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1829228
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1935362
IRS990/Form990PartVIISectionAGrp/PersonNm0PAUL GABLE
IRS990/Form990PartVIISectionAGrp/PersonNm1JEFF ARMIGER
IRS990/Form990PartVIISectionAGrp/PersonNm2ELIOT POWELL
IRS990/Form990PartVIISectionAGrp/PersonNm3HAMILTON CHANEY
IRS990/Form990PartVIISectionAGrp/PersonNm4JOHN SHETRON
IRS990/Form990PartVIISectionAGrp/PersonNm5VERONICA TOVEY
IRS990/Form990PartVIISectionAGrp/PersonNm6ALFRED BERKELEY
IRS990/Form990PartVIISectionAGrp/PersonNm7HELEN QUICK
IRS990/Form990PartVIISectionAGrp/PersonNm8JEREMY PARKS
IRS990/Form990PartVIISectionAGrp/PersonNm9JOHN WASILISIN
IRS990/Form990PartVIISectionAGrp/PersonNm10ERIC DEVITO
IRS990/Form990PartVIISectionAGrp/PersonNm11RON DILLON
IRS990/Form990PartVIISectionAGrp/PersonNm12KEVIN CARTER
IRS990/Form990PartVIISectionAGrp/PersonNm13JOE JACKSON
IRS990/Form990PartVIISectionAGrp/PersonNm14RANDY BOLDYGA
IRS990/Form990PartVIISectionAGrp/PersonNm15ROBERT HANNON
IRS990/Form990PartVIISectionAGrp/PersonNm16MARY BURKHOLDER
IRS990/Form990PartVIISectionAGrp/PersonNm17STEPHEN PRIMOSCH
IRS990/Form990PartVIISectionAGrp/PersonNm18JILL SEAMON
IRS990/Form990PartVIISectionAGrp/PersonNm19MICHAEL TENTNOWSKI
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/ReportableCompFromOrgAmt15130148
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt16125752
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt17120412
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt18113976
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt19126146
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/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt190
IRS990/Form990PartVIISectionAGrp/TitleTxt0VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1AAEDC CHAIRMAN / CIC BOARD
IRS990/Form990PartVIISectionAGrp/TitleTxt2BOARD MEMBER- AAEDC
IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD MEMBER- AAEDC
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER- AAEDC
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER- AAEDC
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER- CIC
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER- CIC
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEMBER- CIC
IRS990/Form990PartVIISectionAGrp/TitleTxt9BOARD MEMBER- CIC
IRS990/Form990PartVIISectionAGrp/TitleTxt10SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt11BOARD MEMBER- AAEDC
IRS990/Form990PartVIISectionAGrp/TitleTxt12BOARD MEMBER- AAEDC
IRS990/Form990PartVIISectionAGrp/TitleTxt13BOARD MEMBER- AAEDC
IRS990/Form990PartVIISectionAGrp/TitleTxt14BOARD MEMBER- AAEDC
IRS990/Form990PartVIISectionAGrp/TitleTxt15PRESIDENT/CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt16VICE PRESIDENT, BUSINESS DEVELOPMENT
IRS990/Form990PartVIISectionAGrp/TitleTxt17VICE PRESIDENT, FINANCIAL SERVICES
IRS990/Form990PartVIISectionAGrp/TitleTxt18ADMINISTRATIVE OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR, CIC
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01993
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/FundraisingDirectExpensesAmt025139
IRS990/FundraisingGrossIncomeAmt04734
IRS990/GainOrLossGrp/OtherAmt078975
IRS990/GainOrLossGrp/SecuritiesAmt07000
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt013
IRS990/GovernmentGrantsAmt02162500
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/OtherAmt0132048
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt021154
IRS990/GrossReceiptsAmt03218386
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt013
IRS990/IndivRcvdGreaterThan100KCnt05
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt03083
IRS990/InformationTechnologyGrp/ProgramServicesAmt03839
IRS990/InformationTechnologyGrp/TotalAmt06922
IRS990/InsuranceGrp/ManagementAndGeneralAmt011963
IRS990/InsuranceGrp/ProgramServicesAmt07354
IRS990/InsuranceGrp/TotalAmt019317
IRS990/InterestGrp/ManagementAndGeneralAmt053921
IRS990/InterestGrp/TotalAmt053921
IRS990/InvestmentIncomeGrp/ExclusionAmt023296
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt023296
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt0853370
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt0855512
IRS990/IRPDocumentCnt051
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0571834
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0462610
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0478145
IRS990/LandBldgEquipCostOrOtherBssAmt01049979
IRS990/LegalDomicileStateCd0MD
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt053073
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt014154
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO SERVE BUSINESS NEEDS AND TO INCREASE ANNE ARUNDEL COUNTY ECONOMIC BASE THROUGH JOB GROWTH AND INVESTMENT.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt01648776
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0997156
IRS990/NetAssetsOrFundBalancesBOYAmt05421657
IRS990/NetAssetsOrFundBalancesEOYAmt03457683
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt085975
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt085975
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0-20405
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0-20405
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt0541056
IRS990/OccupancyGrp/TotalAmt0541056
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt012678
IRS990/OfficeExpensesGrp/ProgramServicesAmt049963
IRS990/OfficeExpensesGrp/TotalAmt062641
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt022226
IRS990/OtherAssetsTotalGrp/EOYAmt0722316
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt056628
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt075809
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0132437
IRS990/OtherExpensesGrp/Desc0BAD DEBT
IRS990/OtherExpensesGrp/Desc1REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc2INTEREST
IRS990/OtherExpensesGrp/Desc3TRAINING
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt047508
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt153921
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt21390
IRS990/OtherExpensesGrp/ProgramServicesAmt0150000
IRS990/OtherExpensesGrp/ProgramServicesAmt164415
IRS990/OtherExpensesGrp/ProgramServicesAmt243485
IRS990/OtherExpensesGrp/TotalAmt0150000
IRS990/OtherExpensesGrp/TotalAmt1111923
IRS990/OtherExpensesGrp/TotalAmt253921
IRS990/OtherExpensesGrp/TotalAmt344875
IRS990/OtherLiabilitiesGrp/BOYAmt04894550
IRS990/OtherLiabilitiesGrp/EOYAmt08386533
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0107049
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0972445
IRS990/OtherSalariesAndWagesGrp/TotalAmt01079494
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt06592732
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt07224299
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt022134
IRS990/PayrollTaxesGrp/ProgramServicesAmt089753
IRS990/PayrollTaxesGrp/TotalAmt0111887
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt0250000
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt056335
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0147952
IRS990/PensionPlanContributionsGrp/TotalAmt0204287
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt028699
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt066608
IRS990/PrincipalOfficerNm0JEFF ARMIGER
IRS990/PriorPeriodAdjustmentsAmt0-1801707
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
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0594852
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1179929
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt253159
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt339333
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt47381
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0594852
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1179929
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt253159
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt339333
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt47381
IRS990/ProgSrvcAccomActy2Grp/Desc0THE AAEDC FINANCIAL SERVICES LLC PROVIDES LOANS TO BUSINESSES LOCATED IN OR RELOCATING TO, ANNE ARUNDEL COUNTY, MARYLAND. THE PROGRAM IS FOR THE PURPOSE OF ENCOURAGING BUSINESS DEVELOPMENT WITHIN THE COUNTY.
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0179929
IRS990/ProgSrvcAccomActy3Grp/Desc0THE CHESAPEAKE INNOVATION CENTER LLC IS A BUSINESS INCUBATOR THAT SERVES AS A HUB OF TECHNOLOGY COMMERCIALIZATION, WITH A FOCUS ON HOMELAND SECURITY, COMMUNICATIONS AND INFORMATION TECHNOLOGY SECTORS AND GENERATES NEW BUSINESS FORMATION IN ANNE ARUNDEL COUNTY, MARYLAND.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0604509
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt0594852
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt02149921
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt05819
IRS990/PYOtherExpensesAmt01048593
IRS990/PYOtherRevenueAmt0-64145
IRS990/PYProgramServiceRevenueAmt01291829
IRS990/PYRevenuesLessExpensesAmt0414209
IRS990/PYSalariesCompEmpBnftPaidAmt01920622
IRS990/PYTotalExpensesAmt02969215
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt03383424
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-475911
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$13,399,379
Liabilities
$9,941,696
Net assets
$3,457,683
Revenue
$3,126,020
Expenses
$3,601,931
Net income
-$475,911
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