Innovative Concepts Inc in Silver Springs, Maryland (MD)
Table of contents:
| Innovative Concepts Inc | |
| Employer Identification Number (EIN) | 061816677 |
| Name of Organization | Innovative Concepts Inc |
| In Care of Name | Michael Slaughter |
| Address | 8639 B 16th Street Suite D, Silver Springs, MD 20874 |
| Subsection | Charitable Organization |
| Ruling Date | 06/2008 |
| Deductibility | Contributions are deductible |
| Foundation | Organization which receives a substantial part of its support from a governmental unit or the general public |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $25,000 to $99,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $53,352 |
| Amount of Income | $400,033 |
| Form 990 Revenue Amount | $400,033 |
| National Taxonomy of Exempt Entities (NTEE) | Employment, Job-Related: Vocational Training |
Non-representatives - add comments:
Amount of income in 2013: $400,033 (it was $553,304 in 2012)
| Innovative Concepts Inc: | $400,033 |
| Other organizations performing similar types of work: | $133,002 |
Assets in 2013: $53,352 (it was $56,470 in 2012)
| This organization: | $53,352 |
| Other organizations performing similar types of work: | $63,305 |
Expenses in 2012: $549,883
| Innovative Concepts Inc: | $549,883 |
| Other organizations performing similar types of work: | $133,204 |
Income to expenses ratio in 2012: 0.7
| Innovative Concepts Inc: | 0.7 |
| Other organizations performing similar types of work: | 1.0 |
Number of employees in 2012: 19
| Innovative Concepts Inc: | 19 |
| Other organizations performing similar types of work: | 7 |
Grants share in income in 2012: 0.0%
| This organization: | 0.0% |
| Other organizations performing similar types of work: | 79.8% |
Functional expenses for 2012
| Statements Regarding Other IRS Filings and Tax Compliance (for 2012) | |
| Did the organization have unrelated business gross income of $1,000 or more during the year? | No |
| Initiation fees and capital contributions | $0 |
| Gross receipts for public use of club facilities | $0 |
| Gross income from members or shareholders | $0 |
| Gross income from other sources | $0 |
| Statement of Revenue (for 2012) | |
| Total revenue | $553,304 |
| Contributions, Gifts, Grants and Other Similar Amounts | $0 |
| Program Service Revenue | $553,304 |
| Other Revenue | |
| Investment income (including dividends, interest, and other similar amounts) | $0 |
| Income from investment of tax-exempt bond proceeds | $0 |
| Royalties | $0 |
| Net rental income | $0 |
| Net gain from sales of assets other than inventory | $0 |
| Net income from fundraising events | $0 |
| Net income from gaming activities | $0 |
| Net income from sales of inventory | $0 |
| Miscellaneous Revenue | $0 |
| Statement of Functional Expenses (for 2012) | |
| Total functional expenses | $549,883 |
| Compensation of current officers, directors, trustees, and key employees | $60,133 |
| Other salaries and wages | $216,392 |
| Payroll taxes | $26,817 |
| Professional fundraising services | $0 |
| Other | $246,541 |
| Balance Sheet (for 2012) | |
| Total assets | $56,470 |
| Total liabilities | $10,895 |
| Tax-exempt bond liabilities | $0 |
| Secured mortgages and notes payable to unrelated third parties | $0 |
| Unsecured notes and loans payable to unrelated third parties | $0 |
| Other | $10,895 |
| Total net assets or fund balances | $45,575 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Reason for Public Charity Status (for 2012) | |
| The organization is not a private foundation because it is: | An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi) |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Workforce Solutions Group Of Montgomery County Inc | 11002 Veirs Mill Rd Ste 510, Wheaton, MD 20902-5920 | MD | 2000-12 | $2,514,542 |
| 2 | Abc Craftmasters Training Tr | 4061 Powder Mill Road Suite 120, Calverton, MD 20705 | MD | 2009-04 | $635,784 |
| 3 | United Methodist College Washington Consortium | 10436 Schoolmaster Pl, Columbia, MD 21044-4023 | MD | 2003-08 | $563,639 |
| 4 | Sunflower Bakery Inc | Po Box 34520, Bethesda, MD 20827 | MD | 2009-05 | $426,084 |
| 5 | Cakes For Cause, Moxie | 629 N Market St Bernard Brown Build, Frederick, MD 21701 | MD | 2008-08 | $240,363 |
| 6 | Women United For Economic Empowerment Inc | 11210 Old Baltimore Pike, Beltsville, MD 20705-2010 | MD | 2002-08 | $49,784 |
| 7 | About Giving Inc | 9812 Falls Rd Ste 114-148, Potomac, MD 20854-3976 | MD | 2014-09 | $37,508 |
| 8 | John D Brantley, Brantleys Place | 1559 Sheffield Rd, Baltimore, MD 21218-1633 | MD | 2013-01 | $33,593 |
| 9 | Warrior Aviation Inc | PO BOX 596, St Michaels, MD 21663-0596 | MD | 2013-09 | $32,061 |
| 10 | Emmanuel Christian Fellowship Ministries Inc | 8316 Hope Point Ct, Millersville, MD 21108-1401 | MD | 2004-02 | $16,160 |
| 11 | Second Chance Educational & Job Training Center | 6520 Adak St, Capitol Hgts, MD 20743-2303 | MD | 2013-08 | $4,530 |
| 12 | Erikka A Hayes Foundation Inc | 741 Cady Dr, Ft Washington, MD 20744-4956 | MD | 2008-02 | $1,800 |
| 13 | A Taste Of Heaven Community Cafe, A Taste Of Heaven Inc A Taste Of Heaven Community Cafe Inc | 1795 Village Green Drive, Landover, MD 20785 | MD | 2011-09 | $0 |
| 14 | Achievers Inc, No No | Po Box 26815, Baltimore, MD 21212 | MD | 2001-08 | $0 |
| 15 | African American Management Association Inc | 11 W 20th St Apt 10m, Baltimore, MD 21218-6044 | MD | 2001-05 | $0 |
| 16 | B&g Community Services Inc | 12308 Loch Carron Cir, Ft Washington, MD 20744-7017 | MD | 2002-11 | $0 |
| 17 | Blessed In Tech Ministries Incorporated | Po Box 5931, Annapolis, MD 21403 | MD | 2014-08 | $0 |
| 18 | Destiny Family Inc | PO BOX 785, Fruitland, MD 21826-0785 | MD | 2014-02 | $0 |
| 19 | Edmondson Community Organization Inc, Eco | 2114 Edmondson Avenue, Baltimore, MD 21223 | MD | 1994-01 | $0 |
| 20 | Education And Training Services Inc | 9707 Poling Terrace, Fort Washington, MD 20744 | MD | 2007-12 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 1,469 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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