Civic Intelligence

Montgomery County Economic Development Corporation

990 • Fiscal year 2020 • EIN 81-0717388

Jul 01, 2019 to Jun 30, 2020 • Filed on Jan 19, 2021

Organization ProfileWWW.THINKMOCO.COM

View Organization Page

1801 Rockville Pike No 320Rockville, MD 20852

(240) 641-6700

Siviq Scores

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

Liabilities / Assets

58th percentile

0.24x

Higher debt load relative to assets than 58% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Liabilities / Revenue

38th percentile

0.14x

Higher debt load relative to revenue than 38% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Net Margin

69th percentile

14%

Higher net margin than 69% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Top Officer Pay

85th percentile

$263,550

Higher top officer pay than 85% of similar nonprofits.

Top officer pay equals 3.7% of source-year revenue.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Asset Growth

80th percentile

28%

Faster asset growth than 80% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Revenue Growth

86th percentile

40%

Faster revenue growth than 86% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets58th percentile

Assets

Up

$4,129,581

Up $907,775 (+28%) from 2019

Net Assets

Up

$3,127,543

Up $1,020,261 (+48%) from 2019

Liabilities

Down

$1,002,038

Down $112,486 (-10%) from 2019

Revenue And Expenses
Liabilities / Revenue38th percentileNet Margin69th percentile

Revenue

Up

$7,128,842

Up $2,019,144 (+40%) from 2019

Expenses

Up

$6,108,581

Up $1,623,434 (+36%) from 2019

Net Income

Up

$1,020,261

Up $395,710 (+63%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth80th percentile

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2016: $296,985Liabilities 2016: $34,957Net Assets 2016: $262,0282016Assets 2017: $2,919,164Liabilities 2017: $1,229,354Net Assets 2017: $1,689,8102017Assets 2018: $2,590,515Liabilities 2018: $1,107,784Net Assets 2018: $1,482,7312018Assets 2019: $3,221,806Liabilities 2019: $1,114,524Net Assets 2019: $2,107,2822019Assets 2020: $4,129,581Liabilities 2020: $1,002,038Net Assets 2020: $3,127,5432020Assets 2021: $7,174,281Liabilities 2021: $4,550,580Net Assets 2021: $2,623,7012021Assets 2022: $2,827,028Liabilities 2022: $1,164,608Net Assets 2022: $1,662,4202022Assets 2023: $4,619,671Liabilities 2023: $2,696,606Net Assets 2023: $1,923,0652023

Highlighted filing

2020

Assets$4,129,581
Liabilities$1,002,038
Net Assets$3,127,543
Open 2020 Filing

Operations Trend

Revenue Growth86th percentile

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

$30M$20M$10M$0-$10MRevenue 2016: $500,000Expenses 2016: $237,972Net Income 2016: $262,0282016Revenue 2017: $4,478,475Expenses 2017: $3,050,693Net Income 2017: $1,427,7822017Revenue 2018: $5,030,563Expenses 2018: $5,237,642Net Income 2018: -$207,0792018Revenue 2019: $5,109,698Expenses 2019: $4,485,147Net Income 2019: $624,5512019Revenue 2020: $7,128,842Expenses 2020: $6,108,581Net Income 2020: $1,020,2612020Revenue 2021: $21,976,364Expenses 2021: $22,480,206Net Income 2021: -$503,8422021Revenue 2022: $7,933,113Expenses 2022: $8,894,394Net Income 2022: -$961,2812022Revenue 2023: $7,205,268Expenses 2023: $6,944,623Net Income 2023: $260,6452023

Highlighted filing

2020

Revenue$7,128,842
Expenses$6,108,581
Net Income$1,020,261
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Jan 19, 2021
Return Version
2019v5.1
Gross Receipts
$7,128,842
Mission and Program Overview

Mission

Marketing and business development to drive economic growth in montgomery county, maryland.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$2,075,536$2,780,597▲ $705,061
Land, Buildings, and Equipment, Net$722,427$627,180▼ $95,247
Savings and Temporary Cash Investments$353,313$354,259▲ $946
Accounts Receivable$25,674$325,220▲ $299,546
Prepaid Expenses and Deferred Charges$27,082$30,645▲ $3,563
Intangible Assets$17,774$11,680▼ $6,094
Total Assets$3,221,806$4,129,581▲ $907,775
Liabilities
Deferred Revenue$693,330$636,919▼ $56,411
Accounts Payable and Accrued Expenses$421,194$365,119▼ $56,075
Total Liabilities$1,114,524$1,002,038▼ $112,486
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,057,282$2,310,043▲ $252,761
Net Assets With Donor Restrictions$50,000$817,500▲ $767,500
Total Net Assets Fund Balance$2,107,282$3,127,543▲ $1,020,261
Total Liabilities and Net Assets / Fund Balance$3,221,806$4,129,581▲ $907,775

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$560,898$295,741$856,639
Equipment$66,282$29,548$95,830
Compensation and Service Providers
Top Officer Pay85th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
David Petr Through 91219President and CEOFT$250,978$12,572$263,550
Spiros BalntasDirector of Business DevelopmentFT$161,329$6,389$167,718
William TompkinsExecutive Vice President & COOFT$165,183-$165,183
Sarah MillerVP of StrategyFT$144,610$12,932$157,542
Lynne BenzionDirector of Business DevelopmentFT$134,946$18,415$153,361
Warren EllisVP of MarketingFT$138,974$10,000$148,974
Daniel ParraDirector of Business D&iFT$122,298$13,282$135,580
Stacey HardyVP of OperationsFT$125,913$8,791$134,704

Board Members and Trustees

NameTitle
Robert Buchanan Through 619Chair, Board of Directors
Benjamin WuPresident and CEO
Robert G Brewer JrVice Chair, Board of Directors
Andrew FriedsonEx-officio Member, Board of Directors
Jerome FletcherEx-officio Member, Board of Directors
Angela GrahamMember, Board of Directors
Carmen LarsenMember, Board of Directors
Elana FineMember, Board of Directors
Ellie GilesMember, Board of Directors
James Brady Through 619Member, Board of Directors
Kevin BeverlyMember, Board of Directors
Matthew LeeMember, Board of Directors
Ronald Paul Through 119Member, Board of Directors
S Tien WongMember, Board of Directors
Terry FordeMember, Board of Directors
Ola SageSecretary, Board of Directors
Dr Sanjay RaiTreasurer, Board of Directors
Revenue and Support

Revenue Composition

Contributions and Grants
$7,000,252
Program Service Revenue
$127,415
Investment Income
$1,175
Other Revenue
$0
All Other Contributions
$392,500
Change in Net Assets
$1,020,261

Audited Revenue Reconciliation

Revenue per Audited Statements
$7,128,842
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-125,443
Total Revenue per Audited Statements
$7,003,399
Total Revenue per Form 990
$7,128,842
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,315,398
Salaries, Compensation, and Employee Benefits$2,793,183
Total Fundraising Expense$36,426
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,616,507$404,638$22,480$2,043,625
Occupancy$241,042$60,337$3,352$304,731
Other Employee Benefits$218,748$54,756$3,042$276,546
Advertising$242,685--$242,685
All Other Expenses$206,846$17,789$741$225,376
Current Officers, Directors, Trustees, and Key Employees$175,852$44,019$2,445$222,316
Other Expenses$188,069--$188,069
Payroll Taxes$135,545$33,929$1,885$171,359
Fees for Services Other-$121,361-$121,361
Depreciation Depletion$80,160$20,066$1,115$101,341
Pension Plan Contributions$62,755$15,709$873$79,337
Fees for Services Accounting-$68,335-$68,335
Office Expenses$35,508$8,888$493$44,889
Travel$36,971--$36,971
Insurance-$12,558-$12,558
Fees for Services Legal-$8,023-$8,023
Total Functional Expenses$5,201,747$870,408$36,426$6,108,581

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$6,108,581
Total Expenses per Form 990$6,108,581
Total Expenses per Audited Statements$5,983,138
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$-125,443
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
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
Yes
Other officer compensation reviewed
Yes
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

“The following mcedc board members have a business relationship with each other: - dr. Sanjay rai-board member - robert g brewer, jr- vice chair - terry forde-board memeber - angela graham-board member - ola sage-board member”

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

“The county executive appoints members to the board of directors. The county council confirms the appointments.”

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

“The return is prepared by the organization's auditors, and reviewed by its accounting partner, ceo and treasurer prior to filing. It is also provided to the board of directors.”

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

“Annually, each officer, director and committee member will complete a statement indicating whether they have any conflicts of interest or they or a family member does business with mcedc.”

Form 990, Part VI, Section B, Line 15

“The compensation of the president & ceo is based on comparable market data and is reviewed and approved by the board of directors.”

Form 990, Part VI, Section C, Line 19

“Mcedc's board of directors complies with the state of maryland's open meetings act. All meetings are properly noticed to the public, including a posting of meeting agendas and minutes on mcedc's website. The financial documents are available at the organizations office upon request.”

Filing and Contact Details

Filer

Filer Name
Montgomery County Economic Development C
EIN
81-0717388
Phone
2406416700
Address
1801 ROCKVILLE PIKE NO 320, ROCKVILLE, MD 20852

Signing Officer

Name
Benjamin Wu
Title
President & CEO
Phone
2406416700
Signed
2021-01-19
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Benjamin Wu
Formed
2015
Legal Domicile
Md
Voting Board Members
11
Independent Board Members
11
Employees
24
Volunteers
14

Preparer

Firm
Cohnreznick Llp
Address
500 EAST PRATT STREET 4TH FLOOR, BALTIMORE, MD 21202
Preparer
Philip H Cornblatt
Phone
4107834900
Supplemental Narrative

Additional Explanations

Form 990 XII Line 2C

“Governance committee tasked with oversight of the organization's audit in 2016 and appointed to act as finance/audit committee. A finance and audit committee was established in july 2018.”

Financial Statement Notes

PART X, LINE 2:

“Pursuant to a letter of determination received from the internal revenue service (the "irs") on march 30, 2017, mcedc is exempt from federal income tax in accordance with section 501(c)(3) of the internal revenue code (the "irc"), except for income taxed on "unrelated business income," if any. The exemption is retroactive to mcedc's formation date of october 5, 2015. For the years ended june 30, 2020 and 2019, mcedc did not have any "unrelated business income" subject to income taxes; accordingly, no provision or benefit for income taxes has been recorded in the accompanying financial statements and the organization has not identified any uncertain tax positions that qualify for recognition or disclosure in the notes to the financial statements. Mcedc is required to file and does file tax returns with the irs. While no tax returns of the organization are currently being examined by the irs, tax returns since 2017 remain open for examination.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Expense reimbursement -127,415.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Expense reimbursement -127,415.”

Raw XML AppendixShowing 400 of 664 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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IRS990/Desc0THE MONTGOMERY COUNTY ECONOMIC DEVELOPMENT CORPORATION (MCEDC) BRINGS A BIG AND BOLD APPROACH TO ACHIEVING GREATER ECONOMIC COMPETITIVENESS AND PROSPERITY ACROSS MONTGOMERY COUNTY, MD.A NONPROFIT ORGANIZATION WITH A FRESH PUBLIC/PRIVATE PERSPECTIVE, ENTREPRENEURIAL SPIRIT, AND PROACTIVE APPROACH TO ECONOMIC DEVELOPMENT, THE MCEDC IS FOCUSED ON MAXIMIZING MONTGOMERY COUNTY'S RICH DIVERSITY OF PEOPLE, TALENT AND MULTITUDE OF WORKFORCE AND BUSINESS EXPERTISE TO KEEP IT AT THE LEADING EDGE OF TODAY' S HYPER-COMPETITIVE ECONOMIC DEVELOPMENT ENVIRONMENT.CONTINUED ON SCHEDULE OCOMPRISED OF A HIGHLY TALENTED TEAM OF 11 VOTING AND 3 NON-VOTING BOARD MEMBERS, THE MCEDC IS COMMITTED TO UPHOLDING AND EXTENDING THE COUNTY'S VIBRANT COMMUNITY AND LEVERAGING THE ADVANTAGES IT BRINGS FOR THE FUTURE OF BUSINESS ACROSS THE REGION.
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IRS990/Form990PartVIISectionAGrp/PersonNm18WILLIAM TOMPKINS
IRS990/Form990PartVIISectionAGrp/PersonNm19LYNNE BENZION
IRS990/Form990PartVIISectionAGrp/PersonNm20SARAH MILLER
IRS990/Form990PartVIISectionAGrp/PersonNm21STACEY HARDY
IRS990/Form990PartVIISectionAGrp/PersonNm22WARREN ELLIS
IRS990/Form990PartVIISectionAGrp/PersonNm23SPIROS BALNTAS
IRS990/Form990PartVIISectionAGrp/PersonNm24DANIEL PARRA
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/ReportableCompFromOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt16250978
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt18165183
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt19134946
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20144610
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt21125913
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt22138974
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt23161329
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt24122298
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/ReportableCompFromRltdOrgAmt220
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt230
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt240
IRS990/Form990PartVIISectionAGrp/TitleTxt0EX-OFFICIO MEMBER, BOARD OF DIRECTORS
IRS990/Form990PartVIISectionAGrp/TitleTxt1MEMBER, BOARD OF DIRECTORS
IRS990/Form990PartVIISectionAGrp/TitleTxt2MEMBER, BOARD OF DIRECTORS
IRS990/Form990PartVIISectionAGrp/TitleTxt3MEMBER, BOARD OF DIRECTORS
IRS990/Form990PartVIISectionAGrp/TitleTxt4MEMBER, BOARD OF DIRECTORS
IRS990/Form990PartVIISectionAGrp/TitleTxt5EX-OFFICIO MEMBER, BOARD OF DIRECTORS
IRS990/Form990PartVIISectionAGrp/TitleTxt6SECRETARY, BOARD OF DIRECTORS
IRS990/Form990PartVIISectionAGrp/TitleTxt7VICE CHAIR, BOARD OF DIRECTORS
IRS990/Form990PartVIISectionAGrp/TitleTxt8CHAIR, BOARD OF DIRECTORS
IRS990/Form990PartVIISectionAGrp/TitleTxt9MEMBER, BOARD OF DIRECTORS
IRS990/Form990PartVIISectionAGrp/TitleTxt10MEMBER, BOARD OF DIRECTORS
IRS990/Form990PartVIISectionAGrp/TitleTxt11TREASURER, BOARD OF DIRECTORS
IRS990/Form990PartVIISectionAGrp/TitleTxt12MEMBER, BOARD OF DIRECTORS
IRS990/Form990PartVIISectionAGrp/TitleTxt13MEMBER, BOARD OF DIRECTORS
IRS990/Form990PartVIISectionAGrp/TitleTxt14MEMBER, BOARD OF DIRECTORS
IRS990/Form990PartVIISectionAGrp/TitleTxt15MEMBER, BOARD OF DIRECTORS
IRS990/Form990PartVIISectionAGrp/TitleTxt16PRESIDENT AND CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt17PRESIDENT AND CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt18EXECUTIVE VICE PRESIDENT & COO
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR OF BUSINESS DEVELOPMENT
IRS990/Form990PartVIISectionAGrp/TitleTxt20VP OF STRATEGY
IRS990/Form990PartVIISectionAGrp/TitleTxt21VP OF OPERATIONS
IRS990/Form990PartVIISectionAGrp/TitleTxt22VP OF MARKETING
IRS990/Form990PartVIISectionAGrp/TitleTxt23DIRECTOR OF BUSINESS DEVELOPMENT
IRS990/Form990PartVIISectionAGrp/TitleTxt24DIRECTOR OF BUSINESS D&I
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02015
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt011
IRS990/GovernmentGrantsAmt06607752
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd01
IRS990/GrossReceiptsAmt07128842
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt011
IRS990/IndivRcvdGreaterThan100KCnt08
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt012558
IRS990/InsuranceGrp/TotalAmt012558
IRS990/IntangibleAssetsGrp/BOYAmt017774
IRS990/IntangibleAssetsGrp/EOYAmt011680
IRS990/InvestmentIncomeGrp/ExclusionAmt01175
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt01175
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt020
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0325289
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0722427
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0627180
IRS990/LandBldgEquipCostOrOtherBssAmt0952469
IRS990/LegalDomicileStateCd0MD
IRS990/LoanOutstandingInd01
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0MARKETING AND BUSINESS DEVELOPMENT TO DRIVE ECONOMIC GROWTH IN MONTGOMERY COUNTY, MARYLAND.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt02107282
IRS990/NetAssetsOrFundBalancesEOYAmt03127543
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt02057282
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt02310043
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt03352
IRS990/OccupancyGrp/ManagementAndGeneralAmt060337
IRS990/OccupancyGrp/ProgramServicesAmt0241042
IRS990/OccupancyGrp/TotalAmt0304731
IRS990/OfficeExpensesGrp/FundraisingAmt0493
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt08888
IRS990/OfficeExpensesGrp/ProgramServicesAmt035508
IRS990/OfficeExpensesGrp/TotalAmt044889
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt03042
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt054756
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0218748
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0276546
IRS990/OtherExpensesGrp/Desc0TELEWORK ASSISTANCE FUN
IRS990/OtherExpensesGrp/Desc1GOAL
IRS990/OtherExpensesGrp/Desc2BUSINESS DEVELOPMENT
IRS990/OtherExpensesGrp/Desc3EVENTS/SPONSORSHIPS
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IRS990/OtherExpensesGrp/ProgramServicesAmt1608397
IRS990/OtherExpensesGrp/ProgramServicesAmt2308341
IRS990/OtherExpensesGrp/ProgramServicesAmt3188069
IRS990/OtherExpensesGrp/TotalAmt01044321
IRS990/OtherExpensesGrp/TotalAmt1608397
IRS990/OtherExpensesGrp/TotalAmt2308341
IRS990/OtherExpensesGrp/TotalAmt3188069
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt022480
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0404638
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01616507
IRS990/OtherSalariesAndWagesGrp/TotalAmt02043625
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt01885
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt033929
IRS990/PayrollTaxesGrp/ProgramServicesAmt0135545
IRS990/PayrollTaxesGrp/TotalAmt0171359
IRS990/PensionPlanContributionsGrp/FundraisingAmt0873
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt015709
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt062755
IRS990/PensionPlanContributionsGrp/TotalAmt079337
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt027082
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt030645
IRS990/PrincipalOfficerNm0BENJAMIN WU
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0REIMBURSEMENT INCOME
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0127415
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt04982634
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt01949
IRS990/PYOtherExpensesAmt01951873
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0125115
IRS990/PYRevenuesLessExpensesAmt0624551
IRS990/PYSalariesCompEmpBnftPaidAmt02533274
IRS990/PYTotalExpensesAmt04485147
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt05109698
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt01020261
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0127415
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0353313
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0354259
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0REIMBURSEMENT INCOME - 2016 AMOUNT: $ 17,009. 2017 AMOUNT: $ 121,473.

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$4,129,581
Liabilities
$1,002,038
Net assets
$3,127,543
Revenue
$7,128,842
Expenses
$6,108,581
Net income
$1,020,261
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$4.62$2.70$1.92$7.21$6.94$0.26
2022Summary only. Only limited summary data is available for this year.$2.83$1.16$1.66$7.93$8.89$0.96
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.17$4.55$2.62$22.0$22.5$0.50
2020Detailed filing. Detailed filing data is available for this year.$4.13$1.00$3.13$7.13$6.11$1.02
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.22$1.11$2.11$5.11$4.49$0.62
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.59$1.11$1.48$5.03$5.24$0.21
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.92$1.23$1.69$4.48$3.05$1.43
2016Detailed filing. Detailed filing data is available for this year.$0.30$0.03$0.26$0.50$0.24$0.26