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EIN 20-1262262

Frederick Innovative Technology Center

IRS 501(c) type
501(c)(3)
Num. employees
6
City
Frederick
State
Maryland
Year formed
2004
Most recent tax filings
2023-06-01
NTEE code, primary
S30: Economic Development
Description
To foster entrepreneurial activity in the information Technology and life science industries within Frederick county, Maryland. To provide a nurturing and supporotive environment to start-up technology-based businesses. To provide a nurturing and supportive environment to start-up technology-based businesses.
Total revenues
$1,638,890
2023
Total expenses
$1,103,012
2023
Total assets
$2,908,352
2023
Num. employees
6
2023

Program areas at Frederick Innovative Technology Center

Provides furnished offices and wet labs equipped with high-speed internet, telephones, and administrative services, supporting clients employing nearly a hundred people at any given time.

Who funds Frederick Innovative Technology Center

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Truist FoundationGeneral Operating$88,000
Scott FoundationUpgrade Lighting System$5,000
AmazonSmile FoundationGeneral Support$5

Personnel at Frederick Innovative Technology Center

NameTitleCompensation
Kathie Callahan BradyPresident and Chief Executive Officer$157,115
Paula CaprarolaDirector of Operations
Andrew PaulochikOffice Manager and Development
Carl GrantBoard Member$0
John NowellVice Chairman$0
...and 6 more key personnel

Financials for Frederick Innovative Technology Center

RevenuesFYE 06/2023
Total grants, contributions, etc.$963,797
Program services$675,011
Investment income and dividends$82
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
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$1,638,890

Form 990s for Frederick Innovative Technology Center

Fiscal year endingDate received by IRSFormPDF link
2023-062024-02-21990View PDF
2022-062023-01-12990View PDF
2021-062021-11-15990View PDF
2020-062021-02-22990View PDF
2019-062020-01-03990View PDF
...and 9 more Form 990s

Organizations like Frederick Innovative Technology Center

OrganizationLocationRevenue
DatahavenNew Haven, CT$751,496
Organization For Economic InitiativesSpringfield, OR$1,053,680
Manufacturer's EdgeLakewood, CO$2,843,612
Enterprise MinnesotaMinneapolis, MN$5,860,262
TechSolveCincinnati, OH$4,532,168
Alliance for Manufacturing and Technology of the Southern Tier (AMT)Binghamton, NY$1,735,548
CiftToledo, OH$3,437,260
APPRISE IncorporatedPrinceton, NJ$4,169,419
Kentucky Dataseam InitiativeLouisville, KY$1,828,749
New York Professional Advisors for Community Entrepreneurs (NYPACE)New York, NY$1,047,867
Data update history
May 18, 2024
Received grants
Identified 1 new grant, including a grant for $5,000 from Scott Foundation
December 26, 2023
Received grants
Identified 1 new grant, including a grant for $88,000 from Truist Foundation
December 19, 2023
Updated personnel
Identified 10 new personnel
June 30, 2023
Posted financials
Added Form 990 for fiscal year 2021
June 20, 2023
Posted financials
Added Form 990 for fiscal year 2022
Nonprofit Types
Business and community development organizationsResearch centersCharities
Issues
Science and technologyCommunity improvementEconomic development
Characteristics
Conducts researchState / local levelReceives government fundingTax deductible donationsAccepts online donations
General information
Address
4539 Metropolitan CT
Frederick, MD 21704
Metro area
Washington-Arlington-Alexandria, DC-VA-MD-WV
County
Frederick County, MD
Website URL
fitci.org/ 
Phone
(301) 694-2999
IRS details
EIN
20-1262262
Fiscal year end
June
Taxreturn type
Form 990
Year formed
2004
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S30: Economic Development
NAICS code, primary
5416: Professional, Scientific, and Technical Services
Parent/child status
Independent
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