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Source: IRS e-Filed Form 990 (from the IRS e-File system), Tax Year 2023
Total Revenue
▼$7.8M
Total Contributions
$7M
Total Expenses
▼$1.8M
Total Assets
$11M
Total Liabilities
▼$3.9M
Net Assets
$7.1M
Officer Compensation
→$141.2K
Other Salaries
$217.6K
Investment Income
$140
Fundraising
▼N/A
Source: USAspending.gov · Searched by organization name
Total Federal Funding
$6.2M
Awards Found
5
| Awarding Agency | Description | Amount | Fiscal Year | Period |
|---|---|---|---|---|
| Department of Commerce | THIS EDA INVESTMENT SUPPORTS FREDERICK INNOVATIVE TECHNOLOGY CENTER, INC. WITH MAKING BUILDING RENOVATIONS TO SUPPORT A SCIENCE BUSINESS INCUBATOR IN FREDERICK, MARYLAND. THE PROJECT WILL CONSTRUCT LABORATORY AND OFFICE SPACE TO ASSIST SMALL, TECH-BASED BUSINESSES AS THEY WORK TO GROW AND CREATE NEW JOBS AND ECONOMIC OPPORTUNITIES. ONCE COMPLETED, THE PROJECT WILL ATTRACT NEW INDUSTRIES, CREATE JOBS, INCREASE GLOBAL COMPETITIVENESS, AND PROMOTE ECONOMIC RESILIENCY THROUGHOUT THE REGION. | $4.6M | — | — – — |
| Small Business Administration | FREDERICK INNOVATIVE TECHNOLOGY CENTER INC - FY23 CONGRESSIONAL COMMUNITY PROJECT FUNDING | $1M | FY2023 | Jul 2023 – Jun 2024 |
| Department of Housing and Urban Development | PURPOSE: ECONOMIC DEVELOPMENT INITIATIVE, COMMUNITY PROJECT FUNDING/CONGRESSIONAL DIRECTED SPENDING AWARDS ARE AUTHORIZED UNDER THE CONSOLIDATED APPROPRIATIONS ACT, 2022 PUBLIC LAW 117-328 AND THE EXPLANATORY STATEMENT FOR DIVISION L OF THAT ACT. PROJECTS SELECTED FOR COMMUNITY PROJECT FUNDING/CONGRESSIONAL DIRECTED SPENDING ARE LISTED IN THE JOINT EXPLANATORY STATEMENT (JES) THAT ACCOMPANIES A SPECIFIC FISCAL YEAR’S APPROPRIATIONS ACT OR CONGRESSIONAL RECORD. THE JES LISTS PROJECT, RECIPIENT, STATE, AMOUNT AND CONGRESSIONAL SPONSOR.; ACTIVITIES TO BE PERFORMED: ECONOMIC DEVELOPMENT INITIATIVE, COMMUNITY PROJECT FUNDING/CONGRESSIONALLY DIRECTED SPENDING AWARD PROJECTS INCLUDE A WIDE VARIETY OF ACTIVITIES THAT RESULT IN ECONOMIC DEVELOPMENT OR COMMUNITY DEVELOPMENT OUTCOMES. HUD WILL NOT KNOW THE FULL SCOPE OF THE PROJECT UNTIL THE RECIPIENT SUBMITS THE REQUIRED PROJECT NARRATIVE AND CONFIRMS ALIGNMENT WITH THE LANGUAGE AS PROVIDED IN THE CONGRESSIONAL RECORD. TO FIND THE DETAILS OF THE GRANT AWARD AS WRITTEN WITHIN THE CONGRESSIONAL RECORD USE THE FOLLOWING LINK AND PATH SELECTIONS TO GET TO THE DESCRIPTION OF THE ECONOMIC DEVELOPMENT INITIATIVE, COMMUNITY PROJECT FUNDING GRANTS HTTPS://WWW.HUD.GOV/PROGRAM_OFFICES/COMM_PLANNING/EDI-GRANTS, SELECT THE FISCAL YEAR OF INTEREST, SCROLL DOWN TO PROGRAM LAWS AND REGULATIONS, UNDER FISCAL YEAR 20XX CONSOLIDATED APPROPRIATIONS ACT, 20XX: CONGRESSIONAL RECORD (JOINT EXPLANATORY STATEMENT).; EXPECTED OUTCOMES: COMPLETION OF THE PROJECT AS DESCRIBED IN THE JOINT EXPLANATORY STATEMENT (JES) PROJECT DESCRIPTION AND SUBSEQUENT APPROVED PROJECT NARRATIVE.; INTENDED BENEFICIARIES: THE PROJECT BENEFICIARIES ARE THE INDIVIDUALS AND/OR ORGANIZATIONS THAT ARE AWARDED GRANT FUNDS OR SERVED BY THE ENTITIES THAT ARE AWARDED GRANT FUNDS AS IDENTIFIED IN THE JES RECIPIENT OR PROJECT DESCRIPTION SECTIONS.; SUBRECIPIENT ACTIVITIES: THE SUBRECIPIENT ACTIVITIES ARE UNKNOWN AT THE TIME OF AWARD. | $500K | FY2024 | Aug 2024 – Aug 2032 |
| Department of Agriculture | RBDG RURAL BUSINESS COOP RURAL ENTERPRISE GRANT | $96K | FY2020 | Jul 2020 – Jul 2022 |
| Department of Agriculture | RBDG RURAL BUSINESS COOP RURAL ENTERPRISE GRANT | $0 | FY2021 | Jul 2021 – Jul 2023 |
Department of Commerce
$4.6M
THIS EDA INVESTMENT SUPPORTS FREDERICK INNOVATIVE TECHNOLOGY CENTER, INC. WITH MAKING BUILDING RENOVATIONS TO SUPPORT A SCIENCE BUSINESS INCUBATOR IN FREDERICK, MARYLAND. THE PROJECT WILL CONSTRUCT LABORATORY AND OFFICE SPACE TO ASSIST SMALL, TECH-BASED BUSINESSES AS THEY WORK TO GROW AND CREATE NEW JOBS AND ECONOMIC OPPORTUNITIES. ONCE COMPLETED, THE PROJECT WILL ATTRACT NEW INDUSTRIES, CREATE JOBS, INCREASE GLOBAL COMPETITIVENESS, AND PROMOTE ECONOMIC RESILIENCY THROUGHOUT THE REGION.
Small Business Administration
$1M
FREDERICK INNOVATIVE TECHNOLOGY CENTER INC - FY23 CONGRESSIONAL COMMUNITY PROJECT FUNDING
Department of Housing and Urban Development
$500K
PURPOSE: ECONOMIC DEVELOPMENT INITIATIVE, COMMUNITY PROJECT FUNDING/CONGRESSIONAL DIRECTED SPENDING AWARDS ARE AUTHORIZED UNDER THE CONSOLIDATED APPROPRIATIONS ACT, 2022 PUBLIC LAW 117-328 AND THE EXPLANATORY STATEMENT FOR DIVISION L OF THAT ACT. PROJECTS SELECTED FOR COMMUNITY PROJECT FUNDING/CONGRESSIONAL DIRECTED SPENDING ARE LISTED IN THE JOINT EXPLANATORY STATEMENT (JES) THAT ACCOMPANIES A SPECIFIC FISCAL YEAR’S APPROPRIATIONS ACT OR CONGRESSIONAL RECORD. THE JES LISTS PROJECT, RECIPIENT, STATE, AMOUNT AND CONGRESSIONAL SPONSOR.; ACTIVITIES TO BE PERFORMED: ECONOMIC DEVELOPMENT INITIATIVE, COMMUNITY PROJECT FUNDING/CONGRESSIONALLY DIRECTED SPENDING AWARD PROJECTS INCLUDE A WIDE VARIETY OF ACTIVITIES THAT RESULT IN ECONOMIC DEVELOPMENT OR COMMUNITY DEVELOPMENT OUTCOMES. HUD WILL NOT KNOW THE FULL SCOPE OF THE PROJECT UNTIL THE RECIPIENT SUBMITS THE REQUIRED PROJECT NARRATIVE AND CONFIRMS ALIGNMENT WITH THE LANGUAGE AS PROVIDED IN THE CONGRESSIONAL RECORD. TO FIND THE DETAILS OF THE GRANT AWARD AS WRITTEN WITHIN THE CONGRESSIONAL RECORD USE THE FOLLOWING LINK AND PATH SELECTIONS TO GET TO THE DESCRIPTION OF THE ECONOMIC DEVELOPMENT INITIATIVE, COMMUNITY PROJECT FUNDING GRANTS HTTPS://WWW.HUD.GOV/PROGRAM_OFFICES/COMM_PLANNING/EDI-GRANTS, SELECT THE FISCAL YEAR OF INTEREST, SCROLL DOWN TO PROGRAM LAWS AND REGULATIONS, UNDER FISCAL YEAR 20XX CONSOLIDATED APPROPRIATIONS ACT, 20XX: CONGRESSIONAL RECORD (JOINT EXPLANATORY STATEMENT).; EXPECTED OUTCOMES: COMPLETION OF THE PROJECT AS DESCRIBED IN THE JOINT EXPLANATORY STATEMENT (JES) PROJECT DESCRIPTION AND SUBSEQUENT APPROVED PROJECT NARRATIVE.; INTENDED BENEFICIARIES: THE PROJECT BENEFICIARIES ARE THE INDIVIDUALS AND/OR ORGANIZATIONS THAT ARE AWARDED GRANT FUNDS OR SERVED BY THE ENTITIES THAT ARE AWARDED GRANT FUNDS AS IDENTIFIED IN THE JES RECIPIENT OR PROJECT DESCRIPTION SECTIONS.; SUBRECIPIENT ACTIVITIES: THE SUBRECIPIENT ACTIVITIES ARE UNKNOWN AT THE TIME OF AWARD.
Department of Agriculture
$96K
RBDG RURAL BUSINESS COOP RURAL ENTERPRISE GRANT
Department of Agriculture
$0
RBDG RURAL BUSINESS COOP RURAL ENTERPRISE GRANT
Tax Year 2024 · Source: IRS e-Filed Form 990
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Kathie Callahan Brady | President/ceo | 57.7 | $150K | $0 | $0 | $150K |
| Theresa Bethune | Member | 0.7 | $0 | $0 | $0 | $0 |
| Patrick Wheeler | Chairman | 1 | $0 | $0 | $0 | $0 |
Kathie Callahan Brady
Source: IRS Publication 78, Auto-Revocation List & e-Postcard Data
Tax-deductible contributions: Yes
Deductibility code: PC
Sources: IRS e-Filed Form 990 (XML) & ProPublica Nonprofit Explorer
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| Year | Revenue | Contributions | Expenses | Assets | Net Assets |
|---|---|---|---|---|---|
| 2023IRS e-File | $7.8M | $7M | $1.8M | $11M | $7.1M |
| 2022 | $794.2K | $230.6K | $960K | $867.9K | $302.3K |
| 2021 | $1M | $515.6K | $728.3K | $806.2K | $549.5K |
| 2020 | $667.6K | $283.5K | $722.7K |
Sources: ProPublica Nonprofit Explorer & IRS e-File Index
| Tax Year | Form Type | Source | Documents |
|---|---|---|---|
| 2024 | 990 | IRS e-File | PDF not yet published by IRSView Filing → |
| 2023 | 990 | ✅IRS e-File | |
| 2022 | 990 | ✅IRS e-File |
President/ceo
$150K
Hrs/Wk
57.7
Compensation
$150K
Related Orgs
$0
Other
$0
Theresa Bethune
Member
$0
Hrs/Wk
0.7
Compensation
$0
Related Orgs
$0
Other
$0
Patrick Wheeler
Chairman
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Andres Mendoza | Vice Chairman | 0.8 | $0 | $0 | $0 | $0 |
| Anne Balduzzi | Member | 0.9 | $0 | $0 | $0 | $0 |
| David Palank | Member | 0.4 | $0 | $0 | $0 | $0 |
| Jeanne O'Connell | Member | 0.6 | $0 | $0 | $0 | $0 |
| Jodie Bollinger | Member | 0.3 | $0 | $0 | $0 | $0 |
| John Molnar | Member | 0.5 | $0 | $0 | $0 | $0 |
| Jon Rowley | Member | 0.6 | $0 | $0 | $0 | $0 |
| Mei Sun | Member | 0.6 | $0 | $0 | $0 | $0 |
| Richard Griffin | Member | 0.4 | $0 | $0 | $0 | $0 |
| Sean Walker | Treasurer/secretary | 0.4 | $0 | $0 | $0 | $0 |
| Tien Wong | Member | 0.7 | $0 | $0 | $0 | $0 |
| Veleka Peeples - Dyer | Member | 0.5 | $0 | $0 | $0 | $0 |
Andres Mendoza
Vice Chairman
$0
Hrs/Wk
0.8
Compensation
$0
Related Orgs
$0
Other
$0
Anne Balduzzi
Member
$0
Hrs/Wk
0.9
Compensation
$0
Related Orgs
$0
Other
$0
David Palank
Member
$0
Hrs/Wk
0.4
Compensation
$0
Related Orgs
$0
Other
$0
| $696.2K |
| $273.1K |
| 2019 | $765K | $310.2K | $875.7K | $675.4K | $328.2K |
| 2018 | $531.6K | $79.9K | $533.9K | $509.6K | $438.8K |
| 2017 | $787.2K | $335.8K | $623.7K | $514.6K | $441.1K |
| 2016 | $413.1K | $107.8K | $397.4K | $314.1K | $277.6K |
| 2015 | $407.7K | $104.5K | $480.5K | $317.6K | $253.9K |
| 2014 | $391K | $94.5K | $439K | $407.1K | $326.7K |
| 2013 | $291K | $66K | $637.7K | $474.5K | $354.8K |
| 2012 | $582K | $97.5K | $718.6K | $725.1K | $676.6K |
| 2011 | $553K | $184.7K | $665.9K | $876.6K | $768.4K |
| 2021 | 990 | ✅ |
| 2020 | 990 | ✅ |
| 2019 | 990 | ✅ |
| 2018 | 990 | ✅ |
| 2017 | 990 | ✅ |
| 2016 | 990 | ✅ |
| 2015 | 990 | ✅ |
| 2014 | 990 | ✅ |
| 2013 | 990 | ✅ |
| 2012 | 990 | ✅ |
| 2011 | 990 | ✅ |
| 2010 | 990 | — |
| 2009 | 990-EZ | — |
| 2008 | 990 | — |
| 2007 | 990 | — |
| 2006 | 990 | — |
| 2005 | 990 | — |
Jeanne O'Connell
Member
$0
Hrs/Wk
0.6
Compensation
$0
Related Orgs
$0
Other
$0
Jodie Bollinger
Member
$0
Hrs/Wk
0.3
Compensation
$0
Related Orgs
$0
Other
$0
John Molnar
Member
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Jon Rowley
Member
$0
Hrs/Wk
0.6
Compensation
$0
Related Orgs
$0
Other
$0
Mei Sun
Member
$0
Hrs/Wk
0.6
Compensation
$0
Related Orgs
$0
Other
$0
Richard Griffin
Member
$0
Hrs/Wk
0.4
Compensation
$0
Related Orgs
$0
Other
$0
Sean Walker
Treasurer/secretary
$0
Hrs/Wk
0.4
Compensation
$0
Related Orgs
$0
Other
$0
Tien Wong
Member
$0
Hrs/Wk
0.7
Compensation
$0
Related Orgs
$0
Other
$0
Veleka Peeples - Dyer
Member
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0