EIN 27-1352516

Bowie Business Innovation Center

IRS 501(c) type
501(c)(3)
Num. employees
7
City
Year formed
2009
Most recent tax filings
2023-12-01
Description
Bowie Business Innovation Center serves as a key educational resource and driver of entrepreneurship in Bowie and Prince George's County. The center accelerates company growth, innovation, and job generation through a coordinated program of business counseling, mentoring, and networking designed to drive business scale-up. Technology companies and government contractors in the area have access to mentoring, technical assistance, counseling, and connections to facilities and meetings through the Bowie Business Innovation Center.
Total revenues
$473,017
2023
Total expenses
$504,801
2023
Total assets
$3,282,820
2023
Num. employees
7
2023

Program areas at Bowie Business Innovation Center

The Bowie Business Innovation Center (Bowie bic) is a Business accelerator program where technology companies and government contractors in the city of Bowie and prince georges county access mentoring, technical assistance, counseling and connections to partnerss and capital to accelerate their Business growth. Headquartered at the Center for Business at Bowie state university, Bowie bic is the only Business accelerator in Maryland located at a historically black college (hbcu) in 2023, Bowie bics 107 accelerator program clients and graduates report generating jobs, xxxxx million in revenues, and supporting xxx internships for Bowie state university students. We also assisted county entrepreneurs, who participated in on-site training and counseling programs, in 2021, Center of excellence for 8(a) was established through a partnership between bsu and Bowie bic. The Center will expand the Bowie bic 8(a) accelerator program model through americas hbcu network. The Center will provide procurement capture strategy training, 8(a) mentorship programs, access to legal expertise in government contracting, and new opportunities for student internships and faculty researchers. The Center will be a resource and clearinghouse for best practices in 8(a) govenment contracting and utilize the data anallytics capabilities at bsu. It will build capacity at hbcus by creating a new, innovative infrastructure of succesful, diverse, and inclusive government contracting activity that will attract private sector capital to the hbcus.

Who funds Bowie Business Innovation Center

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Cla FoundationGeneral Operating Support$15,000

Personnel at Bowie Business Innovation Center

NameTitleCompensation
June EvansBoard Member$36,210
Lisa SmithPast Executive Director$111,707
Charlene WadePresident , Workforce Resources$0
Wendy JenkinsSecretary$0
Sherman L RaglandBoard Chairman / Vice Chairman / Board Member$0
...and 3 more key personnel

Financials for Bowie Business Innovation Center

RevenuesFYE 12/2023
Total grants, contributions, etc.$330,711
Program services$115,756
Investment income and dividends$0
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$26,550
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$473,017

Form 990s for Bowie Business Innovation Center

Fiscal year endingDate received by IRSFormPDF link
2023-122024-11-20990View PDF
2022-122023-11-14990View PDF
2021-122022-11-15990View PDF
2020-122021-11-15990View PDF
2019-122021-04-02990View PDF
...and 8 more Form 990s
Data update history
August 26, 2024
Updated personnel
Identified 6 new personnel
January 19, 2024
Posted financials
Added Form 990 for fiscal year 2022
September 27, 2023
Received grants
Identified 1 new grant, including a grant for $15,000 from Cla Foundation
August 6, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 7, 2023
Updated personnel
Identified 2 new personnel
Nonprofit Types
Business and community development organizationsResearch centersCharities
Issues
Science and technologyEducationBusiness and industry
Characteristics
Conducts researchState / local levelReceives government fundingTax deductible donationsAccepts online donations
General information
Address
14000 Jericho Park Rd
Bowie, MD 20715
Metro area
Washington-Arlington-Alexandria, DC-VA-MD-WV
County
Prince George's County, MD
Website URL
bowiebic.com/ 
Phone
(301) 383-1550
IRS details
EIN
27-1352516
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2009
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S43: Management Services for Small Business, Entrepreneurs
NAICS code, primary
5417: Scientific Research and Development Services
Parent/child status
Independent
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