Civic Intelligence

Umbc Research Park Corporation Inc

EIN 52-1884800 • 501(c)3 • Baltimore, MD

View Organization Page

Profile

To develop and manage the research and technology park for UMBC to facilitate research collaborations, tech transfer, and to create jobs.

5520 Research Park Drive 100Baltimore, MD 21228

www.bwtechumbc.com

Siviq Scores

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

Liabilities / Assets

67th percentile

0.36x

Higher debt load relative to assets than 67% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2025

Liabilities / Revenue

91st percentile

2.63x

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

501(c)3 • $10M-$25M nonprofits • Source year 2025

Net Margin

82nd percentile

32%

Higher net margin than 82% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2025

Top Officer Pay

28th percentile

$123,540

Higher top officer pay than 28% of similar nonprofits.

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

501(c)3 • $10M-$25M nonprofits • Source year 2025

Asset Growth

32nd percentile

-0.5%

Faster asset growth than 32% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2024 to 2025

Revenue Growth

10th percentile

-26%

Faster revenue growth than 10% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets67th percentile

Assets

Down

$22,177,469

Down $100,543 (-0.5%) from 2024

Liabilities

Down

$7,994,030

Down $1,238,749 (-13%) from 2024

Net Assets

Up

$14,183,439

Up $1,138,206 (+8.7%) from 2024

Operations
Liabilities / Revenue91st percentileNet Margin82nd percentile

Revenue

Down

$3,039,635

Down $1,090,229 (-26%) from 2024

Expenses

Up

$2,075,783

Up $89,555 (+4.5%) from 2024

Net Income

Down

$963,852

Down $1,179,784 (-55%) from 2024

Trend Graphs

Balance Sheet Trend

Asset Growth32nd percentile

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

$30M$20M$10M$0Assets 2011: $11,911,892Liabilities 2011: $7,275,294Net Assets 2011: $4,636,5982011Assets 2012: $12,089,177Liabilities 2012: $7,265,179Net Assets 2012: $4,823,9982012Assets 2013: $12,349,735Liabilities 2013: $7,167,792Net Assets 2013: $5,181,9432013Assets 2014: $12,771,856Liabilities 2014: $6,406,868Net Assets 2014: $6,364,9882014Assets 2015: $12,693,353Liabilities 2015: $5,820,854Net Assets 2015: $6,872,4992015Assets 2016: $12,674,495Liabilities 2016: $5,722,363Net Assets 2016: $6,952,1322016Assets 2017: $13,295,792Liabilities 2017: $5,784,247Net Assets 2017: $7,511,5452017Assets 2018: $13,722,978Liabilities 2018: $5,556,084Net Assets 2018: $8,166,8942018Assets 2019: $14,184,177Liabilities 2019: $5,338,873Net Assets 2019: $8,845,3042019Assets 2020: $14,616,876Liabilities 2020: $5,337,010Net Assets 2020: $9,279,8662020Assets 2021: $16,806,206Liabilities 2021: $5,102,266Net Assets 2021: $11,703,9402021Assets 2022: $15,391,985Liabilities 2022: $4,948,010Net Assets 2022: $10,443,9752022Assets 2023: $17,989,154Liabilities 2023: $6,310,391Net Assets 2023: $11,678,7632023Assets 2024: $22,278,012Liabilities 2024: $9,232,779Net Assets 2024: $13,045,2332024Assets 2025: $22,177,469Liabilities 2025: $7,994,030Net Assets 2025: $14,183,4392025

Highlighted filing

2025

Assets$22,177,469
Liabilities$7,994,030
Net Assets$14,183,439
Open 2025 Filing

Operations Trend

Revenue Growth10th percentile

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

$6.0M$4.0M$2.0M$0Revenue 2011: $1,689,883Expenses 2011: $1,241,834Net Income 2011: $448,0492011Expenses 2012: $1,504,1372012Expenses 2013: $1,453,9242013Revenue 2014: $2,376,747Expenses 2014: $1,618,372Net Income 2014: $758,3752014Revenue 2015: $2,191,726Expenses 2015: $1,832,891Net Income 2015: $358,8352015Revenue 2016: $2,064,509Expenses 2016: $1,981,226Net Income 2016: $83,2832016Revenue 2017: $2,084,483Expenses 2017: $1,875,164Net Income 2017: $209,3192017Revenue 2018: $2,330,161Expenses 2018: $1,957,855Net Income 2018: $372,3062018Revenue 2019: $2,864,694Expenses 2019: $1,889,210Net Income 2019: $975,4842019Revenue 2020: $2,112,921Expenses 2020: $1,855,626Net Income 2020: $257,2952020Revenue 2021: $2,322,510Expenses 2021: $1,901,111Net Income 2021: $421,3992021Revenue 2022: $2,349,728Expenses 2022: $2,037,922Net Income 2022: $311,8062022Revenue 2023: $2,097,184Expenses 2023: $1,858,457Net Income 2023: $238,7272023Revenue 2024: $4,129,864Expenses 2024: $1,986,228Net Income 2024: $2,143,6362024Revenue 2025: $3,039,635Expenses 2025: $2,075,783Net Income 2025: $963,8522025

Highlighted filing

2025

Revenue$3,039,635
Expenses$2,075,783
Net Income$963,852
Open 2025 Filing

Filings

Most recent year

2025 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$22,177,469
Liabilities
$7,994,030
Net assets
$14,183,439
Revenue
$3,039,635
Expenses
$2,075,783
Net income
$963,852
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$22.2$7.99$14.2$3.04$2.08$0.96
2024Summary only. Only limited summary data is available for this year.$22.3$9.23$13.0$4.13$1.99$2.14
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$18.0$6.31$11.7$2.10$1.86$0.24
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$15.4$4.95$10.4$2.35$2.04$0.31
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$16.8$5.10$11.7$2.32$1.90$0.42
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$14.6$5.34$9.28$2.11$1.86$0.26
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.2$5.34$8.85$2.86$1.89$0.98
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$13.7$5.56$8.17$2.33$1.96$0.37
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$13.3$5.78$7.51$2.08$1.88$0.21
2016Detailed filing. Detailed filing data is available for this year.$12.7$5.72$6.95$2.06$1.98$0.08
2015Summary only. Only limited summary data is available for this year.$12.7$5.82$6.87$2.19$1.83$0.36
2014Detailed filing. Detailed filing data is available for this year.$12.8$6.41$6.36$2.38$1.62$0.76
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.3$7.17$5.18$1.45
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.1$7.27$4.82$1.50
2011Summary only. Only limited summary data is available for this year.$11.9$7.28$4.64$1.69$1.24$0.45
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Sep 23, 2025
Return Version
2024v5.2
Gross Receipts
$5,625,417
Mission and Program Overview

Mission

To develop and manage the research and technology park for UMBC to facilitate research collaborations, tech transfer, and to create jobs.

To develop and manage the research and technology park for umbc.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$14,387,884$14,560,648▲ $172,764
Land, Buildings, and Equipment, Net$2,301,911$2,257,265▼ $44,646
Savings and Temporary Cash Investments$769,316$1,540,443▲ $771,127
Cash and Non-Interest-Bearing Accounts$117,922$198,258▲ $80,336
Prepaid Expenses and Deferred Charges$39,000$113,519▲ $74,519
Accounts Receivable$94,293$84,585▼ $9,708
Total Assets$22,278,012$22,177,469▼ $100,543
Other Assets Total$4,567,686$3,422,751▼ $1,144,935
Liabilities
Deferred Revenue$4,590,150$4,520,947▼ $69,203
Other Liabilities$4,559,548$3,440,292▼ $1,119,256
Accounts Payable and Accrued Expenses$83,081$32,791▼ $50,290
Total Liabilities$9,232,779$7,994,030▼ $1,238,749
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$13,045,233$14,183,439▲ $1,138,206
Total Net Assets Fund Balance$13,045,233$14,183,439▲ $1,138,206
Total Liabilities and Net Assets / Fund Balance$22,278,012$22,177,469▼ $100,543

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$2,251,722$814,273$3,065,995
Leasehold Improvements$0$602,604$602,604
Equipment$5,543$297,169$302,712
Other Assets Org$3,422,751--
Other Securities$14,560,648--
Compensation and Service Providers
Top Officer Pay28th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Aaron MiscenichExecutive DirectorPT$123,540$123,540

Board Members and Trustees

NameTitle
Dr Valerie Sheares AshbyEx-officio Trustee
Jerel RegistreEx-officio Trustee
Jonathan SachsEx-officio Trustee
Ayinde StewartTrustee
Christpher BrandtTrustee
Dr Charles BieberichTrustee
Dr Nilanjan BanerjeeTrustee
George DavisTrustee
Jeff ArmigerTrustee
Kevin GloverTrustee
Matt RobersonTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$235,479
Program Service Revenue
$117,838
Investment Income
$1,219,539
Other Revenue
$1,466,779
All Other Contributions
$125,479
Change in Net Assets
$963,852

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,039,635
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$174,354
Total Revenue per Audited Statements
$3,213,989
Total Revenue per Form 990
$3,039,635
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,771,848
Salaries, Compensation, and Employee Benefits$303,935
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$1,306,706$98,520-$1,405,226
Current Officers, Directors, Trustees, and Key Employees$62,386$61,154-$123,540
Payroll Taxes$55,548$54,452-$110,000
Fees for Services Other$84,912--$84,912
Other Employee Benefits$66,438$10,493-$76,931
Fees for Services Management$56,910$2,457-$59,367
Office Expenses-$48,644-$48,644
Depreciation Depletion$46,235--$46,235
Information Technology$23,940$7,980-$31,920
Fees for Services Accounting$13,425$4,475-$17,900
Advertising$7,131$2,377-$9,508
Conferences and Meetings$9,060--$9,060
Insurance-$7,582-$7,582
Fees for Services Legal$5,288$1,762-$7,050
Pension Plan Contributions$2,202$2,159-$4,361
Other Expenses$875$1,021-$875
Other Salaries and Wages$-33,091$22,194-$-10,897
Total Functional Expenses$1,750,513$325,270$0$2,075,783

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,075,783
Total Expenses per Audited Statements$2,075,783
Total Expenses per Form 990$2,075,783
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Lease Liability - Operating Lease$3,390,040
Tenant Security Deposits$50,252
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
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 B, Line 11B

“The treasurer and finance committee review the form 990 before it is filed with the irs.”

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

“The organization sends out their conflict of interest policy annually and asks every board member to fill in a disclosure form. These forms are reviewed by the chairman and executive director. The conflict of interest policy is also reviewed with contract labor employees yearly.”

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
Umbc Research Park Corporation Inc
EIN
52-1884800
Phone
4104556778
Address
5520 RESEARCH PARK DRIVE 100, BALTIMORE, MD 21228

Signing Officer

Name
Aaron Miscenich
Title
Executive Director
Phone
4104556778
Signed
2025-09-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Aaron Miscenich
Formed
1994
Legal Domicile
Md
Voting Board Members
11
Independent Board Members
11
Employees
4
Volunteers
0

Preparer

Firm
Sb & Company LLC
Address
10200 GRAND CENTRAL AVENUE SUITE, 250, OWINGS MILLS, MD 21117
Preparer
Christopher Lehman
Phone
4105840060
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

“The finance committee assumes responsibility for the oversight of the audit and the selection of an independent accountant. The process for both tasks has not changed since prior year.”

Financial Statement Notes

PART X, LINE 2:

“The organization is exempt from income taxes on income other than net unrelated business income under section 501(c)(3) of the internal revenue code. The organization has also been classified as an entity that is not a private foundation within the meaning of section 509(a)(3). The organization has an income tax obligation from investment income from s-corporations that are subject to the unrelated business income tax. The organization had no unrelated business income tax for the years ended june 30, 2025 and 2024. The provisions included in accounting principles generally accepted in the united states of america provide consistent guidance for the accounting for uncertainty in income taxes recognized in an entity's financial statements and prescribe a threshold of "more likely than not" for recognition of tax positions taken or expected to be taken in a tax return. The organization performed an evaluation of uncertain tax positions as of june 30, 2024, and determined that there were no matters that would require recognition in the financial statements or, which may have any effect on its tax-exempt status. As of june 30, 2024, the statute of limitations for fiscal years 2022 through 2025 remains open with the u.s. Federal jurisdiction or the various states and local jurisdictions in which the organization files tax returns. It is the organization's policy to recognize interest and/or penalties related to uncertain tax positions, if any, in income tax expense.”

Raw XML AppendixShowing 400 of 518 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
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IRS990/AccountsReceivableGrp/BOYAmt094293
IRS990/AccountsReceivableGrp/EOYAmt084585
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO DEVELOP AND MANAGE THE RESEARCH AND TECHNOLOGY PARK FOR UMBC.
IRS990/AdvertisingGrp/ManagementAndGeneralAmt02377
IRS990/AdvertisingGrp/ProgramServicesAmt07131
IRS990/AdvertisingGrp/TotalAmt09508
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IRS990/BooksInCareOfDetail/PhoneNum04104556778
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt05520 RESEARCH PARK DRIVE 100
IRS990/BooksInCareOfDetail/USAddress/CityNm0BALTIMORE
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MD
IRS990/BooksInCareOfDetail/USAddress/ZIPCd021228
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IRS990/Desc0PROVIDE PROJECT MANAGEMENT AND PROGRAM SUPPORT FOR INCUBATOR, TECHNOLOGY COMMERCIALIZATION, AND ENTREPRENEURIAL TRAINING ACTIVITIES RELATED TO UMBC'S INCUBATORS AND RESEARCH PARK AND ECONOMIC DEVELOPMENT MISSION.
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IRS990/ForeignFinancialAccountInd00
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/TitleTxt0EXECUTIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt2TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt3TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt4TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt5TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt6TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt7TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt8TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt9EX-OFFICIO TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt10EX-OFFICIO TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt11EX-OFFICIO TRUSTEE
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IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/SecuritiesAmt0834788
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt011
IRS990/GovernmentGrantsAmt0110000
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt03420570
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IRS990/GrossRentsGrp/RealAmt01466779
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IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt07980
IRS990/InformationTechnologyGrp/ProgramServicesAmt023940
IRS990/InformationTechnologyGrp/TotalAmt031920
IRS990/InsuranceGrp/ManagementAndGeneralAmt07582
IRS990/InsuranceGrp/TotalAmt07582
IRS990/InvestmentIncomeGrp/ExclusionAmt0384751
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0384751
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IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
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IRS990/MissionDesc0TO DEVELOP AND MANAGE THE RESEARCH AND TECHNOLOGY PARK FOR UMBC TO FACILITATE RESEARCH COLLABORATIONS, TECH TRANSFER, AND TO CREATE JOBS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
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IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0834788
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IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt01466779
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0174354
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt013045233
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt014183439
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt098520
IRS990/OccupancyGrp/ProgramServicesAmt01306706
IRS990/OccupancyGrp/TotalAmt01405226
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt048644
IRS990/OfficeExpensesGrp/TotalAmt048644
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt04567686
IRS990/OtherAssetsTotalGrp/EOYAmt03422751
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt010493
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt066438
IRS990/OtherEmployeeBenefitsGrp/TotalAmt076931
IRS990/OtherExpensesGrp/Desc0ALL OTHER EXPENSES
IRS990/OtherExpensesGrp/Desc1PROFESSIONAL DEVELOPMEN
IRS990/OtherExpensesGrp/Desc2BAD DEBT EXPENSE
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01021
IRS990/OtherExpensesGrp/ProgramServicesAmt039486
IRS990/OtherExpensesGrp/ProgramServicesAmt13062
IRS990/OtherExpensesGrp/ProgramServicesAmt2875
IRS990/OtherExpensesGrp/TotalAmt040507
IRS990/OtherExpensesGrp/TotalAmt13062
IRS990/OtherExpensesGrp/TotalAmt2875
IRS990/OtherLiabilitiesGrp/BOYAmt04559548
IRS990/OtherLiabilitiesGrp/EOYAmt03440292
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt022194
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0-33091
IRS990/OtherSalariesAndWagesGrp/TotalAmt0-10897
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt054452
IRS990/PayrollTaxesGrp/ProgramServicesAmt055548
IRS990/PayrollTaxesGrp/TotalAmt0110000
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt02159
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt02202
IRS990/PensionPlanContributionsGrp/TotalAmt04361
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IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt039000
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0113519
IRS990/PrincipalOfficerNm0AARON MISCENICH
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IRS990/ProgramServiceRevenueGrp/BusinessCd1531120
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt146438
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt071400
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt146438
IRS990/ProgSrvcAccomActy2Grp/Desc0DEVELOPMENT AND SUBLEASING OF A 41-ACRE RESEARCH PARK KNOWN AS BWTECH @ UMBC RESEARCH AND TECHNOLOGY PARK.
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IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0117838
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IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt04129864
IRS990/QuidProQuoContributionsInd00
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IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
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IRS990/SavingsAndTempCashInvstGrp/EOYAmt01540443
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IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00
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IRS990ScheduleD/OtherAssetsOrgGrp/Desc0RIGHT OF USE ASSET - OPERATING LEASE
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1LEASE LIABILITY - OPERATING LEASE
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IRS990ScheduleD/OtherSecuritiesGrp/Desc0OTHER INVESTMENTS
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS EXEMPT FROM INCOME TAXES ON INCOME OTHER THAN NET UNRELATED BUSINESS INCOME UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE ORGANIZATION HAS ALSO BEEN CLASSIFIED AS AN ENTITY THAT IS NOT A PRIVATE FOUNDATION WITHIN THE MEANING OF SECTION 509(A)(3). THE ORGANIZATION HAS AN INCOME TAX OBLIGATION FROM INVESTMENT INCOME FROM S-CORPORATIONS THAT ARE SUBJECT TO THE UNRELATED BUSINESS INCOME TAX. THE ORGANIZATION HAD NO UNRELATED BUSINESS INCOME TAX FOR THE YEARS ENDED JUNE 30, 2025 AND 2024. THE PROVISIONS INCLUDED IN ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA PROVIDE CONSISTENT GUIDANCE FOR THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ENTITY'S FINANCIAL STATEMENTS AND PRESCRIBE A THRESHOLD OF "MORE LIKELY THAN NOT" FOR RECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE ORGANIZATION PERFORMED AN EVALUATION OF UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2024, AND DETERMINED THAT THERE WERE NO MATTERS THAT WOULD REQUIRE RECOGNITION IN THE FINANCIAL STATEMENTS OR, WHICH MAY HAVE ANY EFFECT ON ITS TAX-EXEMPT STATUS. AS OF JUNE 30, 2024, THE STATUTE OF LIMITATIONS FOR FISCAL YEARS 2022 THROUGH 2025 REMAINS OPEN WITH THE U.S. FEDERAL JURISDICTION OR THE VARIOUS STATES AND LOCAL JURISDICTIONS IN WHICH THE ORGANIZATION FILES TAX RETURNS. IT IS THE ORGANIZATION'S POLICY TO RECOGNIZE INTEREST AND/OR PENALTIES RELATED TO UNCERTAIN TAX POSITIONS, IF ANY, IN INCOME TAX EXPENSE.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE TREASURER AND FINANCE COMMITTEE REVIEW THE FORM 990 BEFORE IT IS FILED WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION SENDS OUT THEIR CONFLICT OF INTEREST POLICY ANNUALLY AND ASKS EVERY BOARD MEMBER TO FILL IN A DISCLOSURE FORM. THESE FORMS ARE REVIEWED BY THE CHAIRMAN AND EXECUTIVE DIRECTOR. THE CONFLICT OF INTEREST POLICY IS ALSO REVIEWED WITH CONTRACT LABOR EMPLOYEES YEARLY.

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