Civic Intelligence

Rockville Economic Development Inc.

990 • Fiscal year 2017 • EIN 52-2056731

Jul 01, 2016 to Jun 30, 2017 • Filed on Jan 08, 2018

Organization ProfileWWW.ROCKVILLEREDI.ORG

View Organization Page

95 Monroe Street No Pe-20Rockville, MD 20850

(301) 315-8096

Siviq Scores

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

Liabilities / Assets

50th percentile

0.10x

Higher debt load relative to assets than 50% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

39th percentile

0.06x

Higher debt load relative to revenue than 39% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

66th percentile

9.8%

Higher net margin than 66% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

82nd percentile

$141,462

Higher top officer pay than 82% of similar nonprofits.

Top officer pay equals 11.3% of source-year revenue.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

78th percentile

18%

Faster asset growth than 78% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

83rd percentile

40%

Faster revenue growth than 83% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets50th percentile

Assets

Up

$719,964

Up $108,591 (+18%) from 2016

Net Assets

Up

$651,121

Up $122,810 (+23%) from 2016

Liabilities

Down

$68,843

Down $14,219 (-17%) from 2016

Revenue And Expenses
Liabilities / Revenue39th percentileNet Margin66th percentile

Revenue

Up

$1,250,963

Up $355,509 (+40%) from 2016

Expenses

Up

$1,128,154

Up $72,761 (+6.9%) from 2016

Net Income

Up

$122,809

Up $282,748 (+177%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth78th percentile

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

$3.0M$2.0M$1.0M$0Assets 2011: $530,690Liabilities 2011: $517Net Assets 2011: $530,1732011Assets 2012: $588,883Liabilities 2012: $25,502Net Assets 2012: $563,3812012Assets 2013: $606,808Liabilities 2013: $5,311Net Assets 2013: $601,4972013Assets 2014: $688,466Liabilities 2014: $68,034Net Assets 2014: $620,4322014Assets 2015: $785,215Liabilities 2015: $96,966Net Assets 2015: $688,2492015Assets 2016: $611,373Liabilities 2016: $83,062Net Assets 2016: $528,3112016Assets 2017: $719,964Liabilities 2017: $68,843Net Assets 2017: $651,1212017Assets 2018: $730,528Liabilities 2018: $48,475Net Assets 2018: $682,0532018Assets 2019: $768,603Liabilities 2019: $40,083Net Assets 2019: $728,5202019Assets 2020: $980,214Liabilities 2020: $125,779Net Assets 2020: $854,4352020Assets 2021: $1,358,692Liabilities 2021: $301,352Net Assets 2021: $1,057,3402021Assets 2022: $1,644,147Liabilities 2022: $444,637Net Assets 2022: $1,199,5102022Assets 2023: $2,358,526Liabilities 2023: $1,009,602Net Assets 2023: $1,348,9242023Assets 2024: $1,882,929Liabilities 2024: $752,144Net Assets 2024: $1,130,7852024Assets 2025: $1,951,429Liabilities 2025: $810,277Net Assets 2025: $1,141,1522025

Highlighted filing

2017

Assets$719,964
Liabilities$68,843
Net Assets$651,121
Open 2017 Filing

Operations Trend

Revenue Growth83rd percentile

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $774,667Expenses 2011: $692,337Net Income 2011: $82,3302011Revenue 2012: $1,250,698Expenses 2012: $1,217,490Net Income 2012: $33,2082012Revenue 2013: $808,640Expenses 2013: $770,524Net Income 2013: $38,1162013Revenue 2014: $907,713Expenses 2014: $888,778Net Income 2014: $18,9352014Revenue 2015: $982,720Expenses 2015: $907,993Net Income 2015: $74,7272015Revenue 2016: $895,454Expenses 2016: $1,055,393Net Income 2016: -$159,9392016Revenue 2017: $1,250,963Expenses 2017: $1,128,154Net Income 2017: $122,8092017Revenue 2018: $1,098,043Expenses 2018: $1,067,111Net Income 2018: $30,9322018Revenue 2019: $1,543,236Expenses 2019: $1,451,077Net Income 2019: $92,1592019Revenue 2020: $1,614,016Expenses 2020: $1,488,101Net Income 2020: $125,9152020Revenue 2021: $1,951,049Expenses 2021: $1,748,144Net Income 2021: $202,9052021Revenue 2022: $2,488,151Expenses 2022: $2,026,342Net Income 2022: $461,8092022Revenue 2023: $2,382,137Expenses 2023: $2,232,723Net Income 2023: $149,4142023Revenue 2024: $1,994,068Expenses 2024: $2,212,207Net Income 2024: -$218,1392024Revenue 2025: $2,212,860Expenses 2025: $2,202,493Net Income 2025: $10,3672025

Highlighted filing

2017

Revenue$1,250,963
Expenses$1,128,154
Net Income$122,809
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Jan 8, 2018
Return Version
2016v3.0
Gross Receipts
$1,250,963
Mission and Program Overview

Mission

To identify and develop economic opportunities to help rockville prosper.

Economic development agency for the city of rockville, maryland.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$429,698$539,596▲ $109,898
Savings and Temporary Cash Investments$92,795$93,017▲ $222
Pledges and Grants Receivable$37,500$37,500→ $0
Prepaid Expenses and Deferred Charges$13,348$20,642▲ $7,294
Land, Buildings, and Equipment, Net$14,210$9,524▼ $4,686
Intangible Assets$11,050$8,594▼ $2,456
Accounts Receivable$4,825$3,144▼ $1,681
Total Assets$611,373$719,964▲ $108,591
Other Assets Total$7,947$7,947→ $0
Liabilities
Other Liabilities$45,754$34,698▼ $11,056
Accounts Payable and Accrued Expenses$37,308$34,145▼ $3,163
Total Liabilities$83,062$68,843▼ $14,219
Net Assets / Fund Balance
Unrestricted Net Assets$468,311$552,682▲ $84,371
Temporarily Rstr Net Assets$60,000$98,439▲ $38,439
Total Net Assets Fund Balance$528,311$651,121▲ $122,810
Total Liabilities and Net Assets / Fund Balance$611,373$719,964▲ $108,591

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$9,524$23,495$33,019
Compensation and Service Providers
Top Officer Pay82nd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Laurie BoyerExecutive DirectorFT$118,761$22,701$141,462

Board Members and Trustees

NameTitle
Paul NewmanVice President
Susan PrinceVice President
Ahmed R AliDirector
Becky BriggsDirector
Bridget Donnell NewtonDirector
Craig J KwiecinskiDirector
Dale CyrDirector
Dr Kimberly KelleyDirector
Henry BernsteinDirector
Jenny KimballDirector
Jose OchoaDirector
Lisa CinesDirector
Morgan SullivanDirector
Nancy RegelinDirector
Paul LoveDirector
Sophie LeeDirector
Todd PearsonDirector
David PetrEx-officio
Michelle DayEx-officio
Robert DispiritoEx-officio
Scot BrowningTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$326,499
Program Service Revenue
$924,232
Investment Income
$232
Other Revenue
$0
All Other Contributions
$326,499
Change in Net Assets
$122,809

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,250,963
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,250,963
Total Revenue per Form 990
$1,250,963
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$721,275
Other Expenses$375,318
Grants and Similar Amounts Paid$31,561
Total Fundraising Expense$30,486
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$360,413$104,449$5,965$470,827
Current Officers, Directors, Trustees, and Key Employees$60,087$54,078$6,009$120,174
Occupancy$60,819$32,749-$93,568
Other Employee Benefits$49,733$18,749$1,416$69,898
Advertising$58,203$1,188-$59,391
Payroll Taxes$32,030$12,075$912$45,017
All Other Expenses$38,590$3,546$122$42,258
Grants to Domestic Orgs$31,561--$31,561
Fees for Services Other$29,698--$29,698
Fees for Services Accounting-$28,007-$28,007
Travel$15,474$9,893-$25,367
Pension Plan Contributions$10,928$4,120$311$15,359
Office Expenses$5,733$5,733-$11,466
Other Expenses$8,353$2,784$15,653$11,137
Depreciation Depletion$3,046$4,096-$7,142
Insurance$3,421$1,289$98$4,808
Total Functional Expenses$814,912$282,756$30,486$1,128,154

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,128,153
Total Expenses per Audited Statements$1,128,153
Total Expenses per Form 990$1,128,153
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Barnallen Technologies IncRockville, MD-Incentive Program Payment for Rockville Expansion Fund/rockville Move Program That Redi Oversees.$13,555
Mokobio Biotechnology R&d Center IncRockville, MD-Incentive Program Payment for Rockville Expansion Fund/rockville Move Program That Redi Oversees.$7,000
Kng Health Consulting LLCRockville, MD-Incentive Program Payment for Rockville Expansion Fund/rockville Move Program That Redi Oversees.$5,750
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred Rent$34,698
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
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
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 2

“Board members consist of business owners and other professionals in the city of rockville, so business relationships between them may exist.”

Form 990, Part VI, Section A, Line 6

“Redi has one member, the mayor and council of the city of rockville, md.”

Form 990, Part VI, Section A, Line 7A

“The member of redi appoints the directors annually.”

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

“Redi's 990 is prepared by an independent accounting firm and reviewed by the executive director prior to filing with the irs. It was also made available to the board before filing.”

Form 990, Part VI, Section C, Line 19

“The governing documents, conflict of interest policy and financial statements are available upon request.”

Filing and Contact Details

Filer

Filer Name
Rockville Economic Development Inc
EIN
52-2056731
Phone
3013158096
Address
95 MONROE STREET NO PE-20, ROCKVILLE, MD 20850

Signing Officer

Name
Laurie Boyer
Title
Executive Director
Phone
3013158096
Signed
2018-01-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Laurie Boyer
Formed
1997
Legal Domicile
Md
Voting Board Members
22
Independent Board Members
22
Employees
9
Volunteers
22

Preparer

Firm
Snyder Cohn Pc
Address
11200 ROCKVILLE PIKE SUITE 415, NORTH BETHESDA, MD 20852
Preparer
Steven M Braunstein
Phone
3016526700
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

“The organization has an audit committee that assumes responsibility for the oversight of the audit of its financial statements, as well as the selection of an independent accountant.”

Financial Statement Notes

PART X, LINE 2:

“Redi accounts for the effect of any uncertain tax positions based on a "more likely than not" threshold to the recognition of the tax positions being sustained based on the technical merits of the position under scrutiny by the applicable taxing authority. If a tax position or positions are deemed to result in uncertainties of those positions, the unrecognized tax effect is estimated based on a "cumulative probability assessment" that aggregates the estimated tax liability for uncertain tax positions. Interest and penalties, if any, are accrued as a component of general and administrative expenses when assessed. Redi has identified its tax status as a tax exempt entity under section 501(c)(3) and its determination that it has no unrelated business income as tax positions; however, the organization has determined that such tax positions do not result in an uncertainty requiring recognition. Income tax years ended prior to june 30, 2014 are no longer subject to audit by taxing authorities.”

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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt21118761
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/ReportableCompFromRltdOrgAmt200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt210
IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt7TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt8VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13EX-OFFICIO
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18EX-OFFICIO
IRS990/Form990PartVIISectionAGrp/TitleTxt19EX-OFFICIO
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21EXECUTIVE DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01997
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt022
IRS990/GrantAmt031561
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt031561
IRS990/GrantsToDomesticOrgsGrp/TotalAmt031561
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt01250963
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt022
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InsuranceGrp/FundraisingAmt098
IRS990/InsuranceGrp/ManagementAndGeneralAmt01289
IRS990/InsuranceGrp/ProgramServicesAmt03421
IRS990/InsuranceGrp/TotalAmt04808
IRS990/IntangibleAssetsGrp/BOYAmt011050
IRS990/IntangibleAssetsGrp/EOYAmt08594
IRS990/InvestmentIncomeGrp/ExclusionAmt0232
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0232
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt011
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt023495
IRS990/LandBldgEquipBasisNetGrp/BOYAmt014210
IRS990/LandBldgEquipBasisNetGrp/EOYAmt09524
IRS990/LandBldgEquipCostOrOtherBssAmt033019
IRS990/LegalDomicileStateCd0MD
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0ASSURE THE CITY OF ROCKVILLE'S ECONOMIC VITALITY BY PROVIDING KNOWLEDGE, ACCESS, RESOURCES AND DIRECTION TO COMPANIES AT ALL STAGES OF GROWTH. REDI HELPS BUSINESSES TO LAUNCH, LOCATE AND EXPAND IN THE CITY.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0528311
IRS990/NetAssetsOrFundBalancesEOYAmt0651121
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt032749
IRS990/OccupancyGrp/ProgramServicesAmt060819
IRS990/OccupancyGrp/TotalAmt093568
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt05733
IRS990/OfficeExpensesGrp/ProgramServicesAmt05733
IRS990/OfficeExpensesGrp/TotalAmt011466
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt07947
IRS990/OtherAssetsTotalGrp/EOYAmt07947
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt01416
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt018749
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt049733
IRS990/OtherEmployeeBenefitsGrp/TotalAmt069898
IRS990/OtherExpensesGrp/Desc0BUSINESS RECRUITMENT
IRS990/OtherExpensesGrp/Desc1START RIGHT EXPENSES
IRS990/OtherExpensesGrp/Desc220TH ANNIVERSARY EVENT
IRS990/OtherExpensesGrp/Desc3TELEPHONE
IRS990/OtherExpensesGrp/FundraisingAmt015653
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt02784
IRS990/OtherExpensesGrp/ProgramServicesAmt030713
IRS990/OtherExpensesGrp/ProgramServicesAmt116110
IRS990/OtherExpensesGrp/ProgramServicesAmt28353
IRS990/OtherExpensesGrp/TotalAmt030713
IRS990/OtherExpensesGrp/TotalAmt116110
IRS990/OtherExpensesGrp/TotalAmt215653
IRS990/OtherExpensesGrp/TotalAmt311137
IRS990/OtherLiabilitiesGrp/BOYAmt045754
IRS990/OtherLiabilitiesGrp/EOYAmt034698
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt05965
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0104449
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0360413
IRS990/OtherSalariesAndWagesGrp/TotalAmt0470827
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt0912
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt012075
IRS990/PayrollTaxesGrp/ProgramServicesAmt032030
IRS990/PayrollTaxesGrp/TotalAmt045017
IRS990/PensionPlanContributionsGrp/FundraisingAmt0311
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt04120
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt010928
IRS990/PensionPlanContributionsGrp/TotalAmt015359
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt037500
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt037500
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt013348
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt020642
IRS990/PrincipalOfficerNm0LAURIE BOYER
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/BusinessCd2900099
IRS990/ProgramServiceRevenueGrp/BusinessCd3900099
IRS990/ProgramServiceRevenueGrp/BusinessCd4900099
IRS990/ProgramServiceRevenueGrp/Desc0CITY OF ROCKVILLE FUND
IRS990/ProgramServiceRevenueGrp/Desc1MWBC - SBA GRANT INCOM
IRS990/ProgramServiceRevenueGrp/Desc2MWBC - MONT CO. DED
IRS990/ProgramServiceRevenueGrp/Desc3MWBC PROGRAM INCOME
IRS990/ProgramServiceRevenueGrp/Desc4MWBC - PG COUNTY
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0566770
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1150000
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt290000
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt372462
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt445000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0566770
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1150000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt290000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt372462
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt445000
IRS990/ProgSrvcAccomActy2Grp/Desc0THE MARYLAND WOMEN'S BUSINESS CENTER (MWBC), A PROGRAM OF REDI, HELPS MONTGOMERY COUNTY'S DIVERSE POPULATION START AND BUILD SUCCESSFUL WOMEN-OWNED ENTERPRISES THAT ARE POSITIONED FOR LONG-TERM GROWTH IN OUR COMMUNITY. MWBC CONDUCTS TRAINING, OFFERS TECHNICAL ASSISTANCE, AND PROVIDES RESOURCES FOR ENTREPRENEURS SEEKING TO START AND GROW WOMEN-OWNED ENTERPRISES IN OUR COMMUNITY. SPECIAL INITIATIVES INCLUDE A CHILDCARE BUSINESS DEVELOPMENT PROGRAM AND STARTRIGHT! ANNUAL WOMEN'S BUSINESS PLAN COMPETITION.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0375116
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0322462
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt068333
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0233
IRS990/PYOtherExpensesAmt0401819
IRS990/PYOtherRevenueAmt049
IRS990/PYProgramServiceRevenueAmt0826839
IRS990/PYRevenuesLessExpensesAmt0-159939
IRS990/PYSalariesCompEmpBnftPaidAmt0653574
IRS990/PYTotalExpensesAmt01055393
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0895454
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0122809
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0556770
IRS990/SavingsAndTempCashInvstGrp/BOYAmt092795
IRS990/SavingsAndTempCashInvstGrp/EOYAmt093017
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$719,964
Liabilities
$68,843
Net assets
$651,121
Revenue
$1,250,963
Expenses
$1,128,154
Net income
$122,809
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.95$0.81$1.14$2.21$2.20$0.01
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.88$0.75$1.13$1.99$2.21$0.22
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.36$1.01$1.35$2.38$2.23$0.15
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.64$0.44$1.20$2.49$2.03$0.46
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.36$0.30$1.06$1.95$1.75$0.20
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.98$0.13$0.85$1.61$1.49$0.13
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.77$0.04$0.73$1.54$1.45$0.09
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.73$0.05$0.68$1.10$1.07$0.03
2017Detailed filing. Detailed filing data is available for this year.$0.72$0.07$0.65$1.25$1.13$0.12
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.61$0.08$0.53$0.90$1.06$0.16
2015Summary only. Only limited summary data is available for this year.$0.79$0.10$0.69$0.98$0.91$0.07
2014Detailed filing. Detailed filing data is available for this year.$0.69$0.07$0.62$0.91$0.89$0.02
2013Summary only. Only limited summary data is available for this year.$0.61$0.01$0.60$0.81$0.77$0.04
2012Summary only. Only limited summary data is available for this year.$0.59$0.03$0.56$1.25$1.22$0.03
2011Summary only. Only limited summary data is available for this year.$0.53$0.00$0.53$0.77$0.69$0.08