Civic Intelligence

Anne Arundel Economic Development Corporation

990 • Fiscal year 2020 • EIN 52-1810772

Jul 01, 2019 to Jun 30, 2020 • Filed on Feb 25, 2021

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

86th percentile

0.81x

Higher debt load relative to assets than 86% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Liabilities / Revenue

89th percentile

2.53x

Higher debt load relative to revenue than 89% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Net Margin

73rd percentile

16%

Higher net margin than 73% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Top Officer Pay

44th percentile

$158,693

Higher top officer pay than 44% of similar nonprofits.

Top officer pay equals 2.6% of source-year revenue.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Asset Growth

82nd percentile

30%

Faster asset growth than 82% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Revenue Growth

84th percentile

33%

Faster revenue growth than 84% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets86th percentile

Assets

Up

$19,127,400

Up $4,409,722 (+30%) from 2019

Net Assets

Up

$3,629,992

Up $998,124 (+38%) from 2019

Liabilities

Up

$15,497,408

Up $3,411,598 (+28%) from 2019

Revenue And Expenses
Liabilities / Revenue89th percentileNet Margin73rd percentile

Revenue

Up

$6,117,104

Up $1,516,644 (+33%) from 2019

Expenses

Up

$5,118,980

Up $1,893,539 (+59%) from 2019

Net Income

Down

$998,124

Down $376,895 (-27%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth82nd 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

2020

Assets$19,127,400
Liabilities$15,497,408
Net Assets$3,629,992
Open 2020 Filing

Operations Trend

Revenue Growth84th 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

2020

Revenue$6,117,104
Expenses$5,118,980
Net Income$998,124
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Feb 25, 2021
Return Version
2019v5.2
Gross Receipts
$6,117,104
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$9,842,859$9,927,695▲ $84,836
Cash and Non-Interest-Bearing Accounts$1,185,888$5,101,955▲ $3,916,067
Cap Stk Tr Prin Current Funds$2,173,881$3,163,997▲ $990,116
Savings and Temporary Cash Investments$2,767,749$2,806,816▲ $39,067
Land, Buildings, and Equipment, Net$230,887$287,910▲ $57,023
Rtn Earn Endowment Incm Other Fnds$250,000$250,000→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$207,987$215,995▲ $8,008
Prepaid Expenses and Deferred Charges$14,681$27,155▲ $12,474
Accounts Receivable$22,899$16,443▼ $6,456
Total Assets$14,717,678$19,127,400▲ $4,409,722
Other Assets Total$652,715$959,426▲ $306,711
Liabilities
Other Liabilities$11,218,727$10,931,961▼ $286,766
Deferred Revenue-$3,465,784-
Accounts Payable and Accrued Expenses$372,121$605,815▲ $233,694
Mortgage Notes Payable Secured by Investment Property$494,962$493,848▼ $1,114
Total Liabilities$12,085,810$15,497,408▲ $3,411,598
Net Assets / Fund Balance
Total Net Assets Fund Balance$2,631,868$3,629,992▲ $998,124
Total Liabilities and Net Assets / Fund Balance$14,717,678$19,127,400▲ $4,409,722

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$114,266$299,088$413,354
Other Land Buildings$39,080$239,969$279,049
Leasehold Improvements$134,564$45,420$179,984
Other Assets Org$954,725--
Compensation and Service Providers
Top Officer Pay44th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Stephen PrimoschVice President, Financial ServicesFT$112,378$46,315$158,693
Jill SeamonAdministrative OfficerFT$120,307$34,734$155,041
Rosa Cruz-penafielVice President of CommunicationsFT$108,294$45,519$153,813
Jerry WalkerPresident & CEOFT$80,840$18,806$99,646

Board Members and Trustees

NameTitle
Eric DevitoChairman
Joel RoznerVice Chairman
Eliot PowellBoard Member
Hamilton ChaneyBoard Member
John ShetroneBoard Member
Jose BoludaBoard Member
Kathleen MccollumBoard Member
Kevin CarterBoard Member
Mariam Nassier-pelletierBoard Member
Phiona BareebeBoard Member
Ron DillonBoard Member
Paul GableSecretary
Jeffrey ArmigerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$4,513,770
Program Service Revenue
$1,594,278
Investment Income
$9,056
Other Revenue
$0
Change in Net Assets
$998,124

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,117,104
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$304,200
Total Revenue per Audited Statements
$6,421,304
Total Revenue per Form 990
$6,117,104
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,263,850
Grants and Similar Amounts Paid$2,051,271
Other Expenses$803,859
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$2,051,271--$2,051,271
Other Salaries and Wages$990,464$354,895-$1,345,359
Pension Plan Contributions$214,032$285,828-$499,860
Current Officers, Directors, Trustees, and Key Employees$164,774--$164,774
Other Employee Benefits$89,040$54,872-$143,912
Payroll Taxes$83,770$26,175-$109,945
Advertising$94,857$1,121-$95,978
Occupancy$41,490$51,767-$93,257
Fees for Services Other$71,533$1,273-$72,806
Depreciation Depletion$37,970$13,212-$51,182
Travel$37,806$1,877-$39,683
Fees for Services Accounting$19,101$15,101-$34,202
Office Expenses$21,416$5,812-$27,228
Other Expenses$23,396--$23,396
Interest-$23,379-$23,379
All Other Expenses$8,448$10,513-$18,961
Insurance-$12,596-$12,596
Fees for Services Legal$8,794$2,377-$11,171
Information Technology$4,857$4,473-$9,330
Total Functional Expenses$4,253,709$865,271$0$5,118,980

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$5,423,180
Expenses per Audited Statements$5,118,980
Total Expenses per Form 990$5,118,980
Expenses Not Reported on Form 990$304,200
Expenses Not Reported on Financial Statements$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Absolute Services LLCGambrills, MDN/aCovid Relief$10,000
Alan J BinstockSeverna Park, MDN/aCovid Relief$10,000
Alpha Ice IncEdgewater, MDN/aCovid Relief$10,000
Annapolis Cleaning ServiceAnnapolis, MDN/aCovid Relief$10,000
Arundel Mills SurgeryHanover, MDN/aCovid Relief$10,000
Asbury United MethodistArnold, MDN/aCovid Relief$10,000
Atlas Physical TherapyGlen Burnie, MDN/aCovid Relief$10,000
Avdyne AeroservicesGlen Burnie, MDN/aCovid Relief$10,000
Ballet Theatre of Maryland IncorporatedAnnapolis, MD501c3Covid Relief$10,000
Bay LightingCrofton, MDN/aCovid Relief$10,000
Be My Guest Catering LLCMillersville, MDN/aCovid Relief$10,000
Blue Crab Brewing CompOdenton, MDN/aCovid Relief$10,000
Brown Mustache CoffeeAnnapolis, MDN/aCovid Relief$10,000
Brumwells Flea MarketPasadena, MDN/aCovid Relief$10,000
Capital Custom ClothieAnnapolis, MDN/aCovid Relief$10,000
Cary Hg Bly Dds MsAnnapolis, MDN/aCovid Relief$10,000
Chesapeake Marine TourAnnapolis, MDN/aCovid Relief$10,000
Childrens Theatre of Annapolis IncAnnapolis, MD501c3Covid Relief$10,000
Cmr Enterprises IncAnnapolis, MDN/aCovid Relief$10,000
Cory G Bonney Dba InnAnnapolis, MDN/aCovid Relief$10,000
Dogwood Acres Pet RetreatDavidsonville, MDN/aCovid Relief$10,000
Driven LLCAnnapolis, MDN/aCovid Relief$10,000
Due East Partners LLCAnnapolis, MDN/aCovid Relief$10,000
Eco-tots LLCLaurel, MDN/aCovid Relief$10,000
Edgewater AcupunctureEdgewater, MDN/aCovid Relief$10,000
Edu Office Products IncPasadena, MDN/aCovid Relief$10,000
Elements of MarylandDavidsonville, MDN/aCovid Relief$10,000
Foundation FitnessAnnapolis, MDN/aCovid Relief$10,000
Green Jewlery Co IncPasadena, MDN/aCovid Relief$10,000
Hair 2000 Ii Ta HairGlen Burnie, MDN/aCovid Relief$10,000
Himmels LandscapingPasadena, MDN/aCovid Relief$10,000
Honeys Harvest LLCLothian, MDN/aCovid Relief$10,000
Humdinger EnterpriseCrofton, MDN/aCovid Relief$10,000
Impact Sports Physical TherapyHanover, MDN/aCovid Relief$10,000
Inspirations Assisted Living & Memory Care of LinthicumLinthicum, MDN/aCovid Relief$10,000
Interworld CleaningGlen Burnie, MDN/aCovid Relief$10,000
Jda Management and Consulting GroupOdenton, MDN/aCovid Relief$10,000
Jessica Dianne Mudd DbTracys Landing, MDN/aCovid Relief$10,000
Julie St Marie IncAnnapolis, MDN/aCovid Relief$10,000
Ka of Hanover LLCHanover, MDN/aCovid Relief$10,000
Kennedy R Dele DmdAnnapolis, MDN/aCovid Relief$10,000
Life Reforming LLCLothian, MDN/aCovid Relief$10,000
Lushington Spice FarmAnnapolis, MDN/aCovid Relief$10,000
Mark L Davies DdsCrofton, MDN/aCovid Relief$10,000
Marta Markman Md and aGlen Burnie, MDN/aCovid Relief$10,000
Me Time Annapolis LLCAnnapolis, MDN/aCovid Relief$10,000
Mid Atlantic Auto IncGlen Burnie, MDN/aCovid Relief$10,000
Mobile Pet VetAnnapolis, MDN/aCovid Relief$10,000
New Market House LLCAnnapolis, MDN/aCovid Relief$10,000
Nimbleco LLC Dba PurviewAnnapolis, MDN/aCovid Relief$10,000
Nissint TechnologiesDavidsonville, MDN/aCovid Relief$10,000
Niu Dentistry LLCGlen Burnie, MDN/aCovid Relief$10,000
Oms ServicesOdenton, MDN/aCovid Relief$10,000
One IncorporatedAnnapolis, MDN/aCovid Relief$10,000
Plastic Surgery SpeciaAnnapolis, MDN/aCovid Relief$10,000
Prof Ap LLCGambrills, MDN/aCovid Relief$10,000
Pure Barre AnnapolisSeverna Park, MDN/aCovid Relief$10,000
Relational ExcellenceGlen Burnie, MDN/aCovid Relief$10,000
Running Free IncAnnapolis, MDN/aCovid Relief$10,000
Rutabaga Craft JuiceryAnnapolis, MDN/aCovid Relief$10,000
Rutzen Eye SpecialistsSeverna Park, MDN/aCovid Relief$10,000
Samack IncAnnapolis, MDN/aCovid Relief$10,000
Scuttlebutt LLCAnnapolis, MDN/aCovid Relief$10,000
Severna Park Market CeSeverna Park, MDN/aCovid Relief$10,000
Severna Park VeterinarySeverna Park, MDN/aCovid Relief$10,000
Sign Central IncCurtis Bay, MDN/aCovid Relief$10,000
Sinclair Prosser LawAnnapolis, MDN/aCovid Relief$10,000
Stewart AccountingAnnapolis, MDN/aCovid Relief$10,000
Strides Therapy LLC DbDavidsonville, MDN/aCovid Relief$10,000
Super Kids Teeth LLCOdenton, MDN/aCovid Relief$10,000
The Hardware House IncAnnapolis, MDN/aCovid Relief$10,000
The Saucy SalamanderEdgewater, MDN/aCovid Relief$10,000
Therapy Systems Dme IAnnapolis, MDN/aCovid Relief$10,000
Thrive Gym LLCArnold, MDN/aCovid Relief$10,000
Totsville LLCGlen Burnie, MDN/aCovid Relief$10,000
Tribe Indoor CyclingAnnapolis, MDN/aCovid Relief$10,000
United States Yacht ShAnnapolis, MDN/aCovid Relief$10,000
Visit Annapolis & Anne Arundel County IncAnnapolis, MD501c3Covid Relief$10,000
Zamora Kids DentistryOdenton, MDN/aCovid Relief$10,000
At Home Enterprises LlAnnapolis, MDN/aCovid Relief$9,992
Handshake LLCAnnapolis, MDN/aCovid Relief$9,990
Little Treasury JewelerGambrills, MDN/aCovid Relief$9,987
The Grill at Quarterfield StationGlen Burnie, MDN/aCovid Relief$9,981
Tru-b Loons Event and Oarty DcorAnnapolis Mall, MDN/aCovid Relief$9,952
St Philip Neri SchoolLinthicum, MDN/aCovid Relief$9,900
Sun Spa LLCAnnapolis, MDN/aCovid Relief$9,885
Kingdom Kare ChildcareOdenton, MD501c3Covid Relief$9,884
Arundel Pediatrics PLinthicum, MDN/aCovid Relief$9,849
Wiggle Room LLCCrofton, MDN/aCovid Relief$9,817
Loch CollectiveAnnapolis, MDN/aCovid Relief$9,812
Mali Thai LLCGlen Burnie, MDN/aCovid Relief$9,795
Pioneer Enterprises LlBaltimore, MDN/aCovid Relief$9,620
Mm & P Mates ProgramLinthicum Heights, MDN/aCovid Relief$9,619
Children at Play LLCAnnapolis, MDN/aCovid Relief$9,541
Tunnel Vision LLCSevern, MDN/aCovid Relief$9,535
Mid Atlantic Community ChurchGambrills, MD501c3Covid Relief$9,510
Curmudgeon LLCGlen Burnie, MDN/aCovid Relief$9,500
West River Sailing Club IncGalesville, MD501c7Covid Relief$9,499
Lawrence P Hand DdPasadena, MDN/aCovid Relief$9,467
Osteria 177 LLCAnnapolis, MDN/aCovid Relief$9,238
Bob Bell FordGambrills, MDN/aCovid Relief$9,225
Lifestyle & Fitness USLaurel, MDN/aCovid Relief$9,193
Caelee Design Group LLCAnnapolis, MDN/aCovid Relief$9,135
Desai Physical TherapySevern, MDN/aCovid Relief$9,124
Sangjin Oh Md PaGlen Burnie, MDN/aCovid Relief$9,091
Red Lotus Float Spa IncHanover, MDN/aCovid Relief$8,985
Evolutions Body ClinicAnnapolis, MDN/aCovid Relief$8,964
Art at Large IncAnnapolis, MDN/aCovid Relief$8,867
Tough Love SalonSeverna Park, MDN/aCovid Relief$8,831
Thrifty Muffler CenterAnnapolis, MDN/aCovid Relief$8,812
Piratequest IncAnnapolis, MDN/aCovid Relief$8,775
Vd Scales LLCOdenton, MDN/aCovid Relief$8,674
Fedra Witting Dds LLCAnnapolis, MDN/aCovid Relief$8,626
T Mayes Plumbing and Heating LLCPasadena, MDN/aCovid Relief$8,619
The Vineyards at DodonDavidsonville, MDN/aCovid Relief$8,614
Business Grounded CrossfitHanover, MDN/aCovid Relief$8,600
Aelia SyedDeale, MDN/aCovid Relief$8,595
Maryland Clock CompanyDavidsonville, MDN/aCovid Relief$8,433
Annapolis Pediatric DentistAnnapolis, MDN/aCovid Relief$8,333
Escapetime LLCAnnapolis, MDN/aCovid Relief$8,250
Pediatric Dental SpecialistsArnold, MDN/aCovid Relief$8,234
Oasis Nails Spa LLCAnnapolis, MDN/aCovid Relief$8,201
Stacies Natural TouchPasadena, MDN/aCovid Relief$8,195
A Wellness Journey IncCrownsville, MDN/aCovid Relief$8,038
Deliciously NutritiousAnnapolis, MDN/aCovid Relief$8,000
Dove Enterprises IncSeverna Park, MDN/aCovid Relief$8,000
R & a Movers IncHanover, MDN/aCovid Relief$8,000
Salty Sun IncAnnapolis, MDN/aCovid Relief$8,000
Gardiner & Adams General ContractorsAnnapolis, MDN/aCovid Relief$7,947
Capital Sup LLCAnnapolis, MDN/aCovid Relief$7,919
Arundel Ambulatory Surgery CenterAnnapolis, MDN/aCovid Relief$7,892
Jackies Design LLCAnnapolis, MDN/aCovid Relief$7,843
Friend Real Estate LLCMillersville, MDN/aCovid Relief$7,770
Kennard Chiropractic & Physical TherapySeverna Park, MDN/aCovid Relief$7,743
US Martial Arts Glen BurnieGlen Burnie, MDN/aCovid Relief$7,733
Chesapeake Neuropsychology LLCSeverna Park, MDN/aCovid Relief$7,685
Mission Escape RoomsAnnapolis, MDN/aCovid Relief$7,647
David W Handelsman DdsAnnapolis, MDN/aCovid Relief$7,581
Pulse Marketing GroupAnnapolis, MDN/aCovid Relief$7,580
Bfmd1 LLCHanover, MDN/aCovid Relief$7,548
Creative Force Dance CenterSeverna Park, MDN/aCovid Relief$7,501
Brian BoruSeverna Park, MDN/aCovid Relief$7,500
Killarney Housebcg IncDavidsonville, MDN/aCovid Relief$7,500
Lemongrass LLCAnnapolis, MDN/aCovid Relief$7,500
Orthodontists of MarylandGlen Burnie, MDN/aCovid Relief$7,500
Serenity Nails Spa IncGambrills, MDN/aCovid Relief$7,445
Bay Area Cpr LLCPasadena, MDN/aCovid Relief$7,311
D Miller AssociatesDeale, MDN/aCovid Relief$7,200
Jdevi IncAnnapolis, MDN/aCovid Relief$7,185
Applied Archaeology and History Associates IncAnnapolis, MDN/aCovid Relief$7,120
J & N Yu Associates PaPasadena, MDN/aCovid Relief$7,096
Next Wave Group LLCSeverna Park, MDN/aCovid Relief$7,050
Shri Sai Kripa LLCHanover, MDN/aCovid Relief$7,000
Tiffany Koon Odpanoptic Eye CareGambrills, MDN/aCovid Relief$7,000
Life Science PlanningAnnapolis, MDN/aCovid Relief$6,979
St Lawrence MartyrHanover, MDN/aCovid Relief$6,926
Capitol Rehab of CroftCrofton, MDN/aCovid Relief$6,819
Wink Studio SpaAnnapolis, MDN/aCovid Relief$6,804
Macks Management CompanyPasadena, MDN/aCovid Relief$6,743
Alchemy Healing Arts CenterAnnapolis, MDN/aCovid Relief$6,734
The Meaningful Consulting GroupMillersville, MDN/aCovid Relief$6,621
Christopher W AndersonAnnapolis, MDN/aCovid Relief$6,609
Yoga FactoryAnnapolis, MDN/aCovid Relief$6,600
Bliss Severna Park IncMillersville, MDN/aCovid Relief$6,583
Karam RefrigerationSevern, MDN/aCovid Relief$6,526
Enfuco Enterprises LLCLinthicum, MDN/aCovid Relief$6,500
Moghal Trading LLCAnnapolis, MDN/aCovid Relief$6,500
Dreamworks Tattoo LLCCrownsville, MDN/aCovid Relief$6,497
Musical Encounters IncBrooklyn, MDN/aCovid Relief$6,462
Ds IncLinthicum, MDN/aCovid Relief$6,313
Family Frames IncSeverna Park, MDN/aCovid Relief$6,275
Blue Ocean Nail & SpaOdenton, MDN/aCovid Relief$6,265
Fortune House IncAnnapolis, MDN/aCovid Relief$6,255
Automatic Gates LLCPasadena, MDN/aCovid Relief$6,200
Advanced Family VisionGambrills, MDN/aCovid Relief$6,108
Lochner Law Firm PcAnnapolis, MDN/aCovid Relief$6,033
Turnkey Yacht ServicesAnnapolis, MDN/aCovid Relief$6,025
Katina Byrd Miles Md FaadGambrills, MDN/aCovid Relief$6,000
Paul Bylis Dds PGlen Burnie, MDN/aCovid Relief$5,847
Star Industries IncAnnapolis, MDN/aCovid Relief$5,707
Reynolds Tavern ManagementAnnapolis, MDN/aCovid Relief$5,648
Saras Human Hair LLCBrooklyn, MDN/aCovid Relief$5,637
Ramsh LLCSevern, MDN/aCovid Relief$5,608
Prestige Statewide LLCSeverna Park, MDN/aCovid Relief$5,568
E & S Construction Engineers IncPasadena, MDN/aCovid Relief$5,553
Carver Square CommercialDavidsonville, MDN/aCovid Relief$5,500
Complete Healthcare LLCLinthicum, MDN/aCovid Relief$5,500
Pirates Cove RestauarntGalesville, MDN/aCovid Relief$5,500
Kyppros IncLinthicum, MDN/aCovid Relief$5,442
Edt CorporationAnnapolis, MDN/aCovid Relief$5,439
Star Global Hospitality LLCGambrills, MDN/aCovid Relief$5,356
Budding Voices LLCSeverna Park, MDN/aCovid Relief$5,346
Tea Scandal IncorporatedAnnapolis, MDN/aCovid Relief$5,319
ArklayCrownsville, MDN/aCovid Relief$5,303
A New You MedspaAnnapolis, MDN/aCovid Relief$5,256
Chesapeake Salons LLCPasadena, MDN/aCovid Relief$5,212
Affordable AccountingAnnapolis, MDN/aCovid Relief$5,094
Beauty Trend IncGlen Burnie, MDN/aCovid Relief$5,078
Tastings Gourmet MarketAnnapolis, MDN/aCovid Relief$5,073
Top Nails LLCSeverna Park, MDN/aCovid Relief$5,030
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
Due to State-volt$4,978,715
Pension Liability$2,650,522
Opeb Liability$2,613,487
Deferred Inflows of Resources - Pension/opeb Benefits$617,322
Capital Lease Payable$71,915
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
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

“There shall be an executive committee of the board consisting of the elected officers of the corporation. The corporation's president/chief executive officer shall be an ex officio member of the executive committee. 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 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
Eric Devito
Title
Chairman
Phone
4102227410
Signed
2021-02-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Eric Devito
Formed
1993
Legal Domicile
Md
Voting Board Members
13
Independent Board Members
13
Employees
17
Volunteers
13

Preparer

Firm
Cliftonlarsonallen Llp
Address
402 SOUTH KENTUCKY AVENUE SUITE 600, LAKELAND, FL 33801-5354
Preparer
Lauren Ballard CPA
Phone
8636805600
Raw XML AppendixShowing 400 of 2,810 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.

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$19,127,400
Liabilities
$15,497,408
Net assets
$3,629,992
Revenue
$6,117,104
Expenses
$5,118,980
Net income
$998,124
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
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2020 filings • 501(c)3 • $10M-$25M nonprofits