Overview

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Est.

2004

Fiscal Year Start

Jul 1

Organization Type

Grantseeker

AI Summary

Frederick Innovative Technology Center Inc (EIN: 20-1262262) is a nonprofit organization dedicated to fostering economic development by providing a nurturing and supportive environment for start-up technology-based businesses. With an operating budget of $1.8 million and total revenue of $7.8 million for the filing year 2024, the organization relies on multiple funding sources, with no single funder contributing 50% or more of its revenue. More information can be found on their website at www.fitci.org.

Mission Statement

TO PROVIDE A NURTURING AND SUPPORTIVE ENVIRONMENT TO START-UP TECHNOLOGY-BASED BUSINESSES.
Revenues
$7.8M
Expenses
$1.8M
Net Income:
+$6M
Assets
$11M
Liabilities
$3.9M
Net Assets:
+$7.1M
Operating Budget
$1.8M
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Total No. of Grants
1
Median grant size
$5K
Largest grant received
$5K
K
Kathie Callahan Brady
Board Member
J
Jeanne O'CONNELL
Board Member
A
Anne Balduzzi
Board Member

Frequently Asked Questions

What is FREDERICK INNOVATIVE TECHNOLOGY CENTER INC’s budget?
In 2024, FREDERICK INNOVATIVE TECHNOLOGY CENTER INC reported an annual operating budget of around $1.8 million. More detailed financial information is available to registered users.
What causes does FREDERICK INNOVATIVE TECHNOLOGY CENTER INC support?
FREDERICK INNOVATIVE TECHNOLOGY CENTER INC supports work in Economic development.
Where does FREDERICK INNOVATIVE TECHNOLOGY CENTER INC operate?
FREDERICK INNOVATIVE TECHNOLOGY CENTER INC is headquartered in Frederick, MD.
Who funded FREDERICK INNOVATIVE TECHNOLOGY CENTER INC recently?
In 2023, FREDERICK INNOVATIVE TECHNOLOGY CENTER INC received grants from SCOTT FOUNDATION INC and THE COMMUNITY FOUNDATION OF FREDERICK COUNTY MARYLAND INC. More information on this organization’s funders is available to registered users.
What is the largest grant FREDERICK INNOVATIVE TECHNOLOGY CENTER INC received in 2023?
The largest grant to FREDERICK INNOVATIVE TECHNOLOGY CENTER INC in 2023 exceeds $5,000.
What is FREDERICK INNOVATIVE TECHNOLOGY CENTER INC’s reliance on government grants?
FREDERICK INNOVATIVE TECHNOLOGY CENTER INC relied on government grants for more than 85% of their total revenue in 2024.