Nonprofit · EIN 20-1262262
FREDERICK INNOVATIVE TECHNOLOGY CENTER INC
Tax-exempt · FREDERICK, MD 21704
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $1,955,696 | $2,344,796 | -$389,100 | $9,536,262 | $2,803,095 | $6,733,167 |
| June 30, 2024 | 990 | $7,751,754 | $1,772,567 | $5,979,187 | $10,993,146 | $3,870,879 | $7,122,267 |
| June 30, 2023 | 990 | $1,638,890 | $1,103,012 | $535,878 | $2,908,352 | $2,070,135 | $838,217 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $995,763
- of which government grants
- $809,038
- Program service revenue
- $953,030
- Investment income
- $1,957
- Other revenue
- $4,946
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $162,500
- Other salaries and wages
- $282,719
- Salaries, compensation and benefits (total)
- $550,221
- Professional fundraising fees
- $0
- Legal fees
- $370
- Accounting fees
- $48,347
- Occupancy
- $559,891
- Travel
- $483
- Depreciation
- $846,228
- Program services (functional)
- $1,877,128
- Management and general (functional)
- $467,668
Balance sheet and other
- Total assets, start of year
- $10,993,146
- Total assets, end of year
- $9,536,262
- Total liabilities, end of year
- $2,803,095
- Net assets, end of year
- $6,733,167
- Land, buildings and equipment
- $7,861,073
- Net assets without donor restrictions
- $6,733,167
- Gross receipts
- $1,955,696
- Employees
- 9
- Volunteers
- 46
- Year formed
- 2004
- State of legal domicile
- MD
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KATHIE CALLAHAN BRADY | PRESIDENT/CEO Trustee or director, Officer | 57.19 | $154,327 |
| PATRICK WHEELER | CHAIRMAN Trustee or director, Officer | 1.19 | $0 |
| SEAN WALKER | TREASURER/SECRETARY Trustee or director | 0.69 | $0 |
| ANDRES MENDOZA | VICE CHAIRMAN Trustee or director | 0.54 | $0 |
| VELEKA PEEPLES - DYER | MEMBER Trustee or director | 0.27 | $0 |
| THERESA BETHUNE | MEMBER Trustee or director, Officer | 0.65 | $0 |
| JON ROWLEY | MEMBER Trustee or director | 0.54 | $0 |
| ANNE BALDUZZI | MEMBER Trustee or director | 0.54 | $0 |
| RICHARD GRIFFIN | MEMBER Trustee or director | 0.23 | $0 |
| JODIE BOLLINGER | MEMBER Trustee or director | 0.23 | $0 |
| DAVID PALANK | MEMBER Trustee or director | 0.35 | $0 |
| JEANNE O'CONNELL | MEMBER Trustee or director | 0.23 | $0 |
| TIEN WONG | MEMBER Trustee or director | 0.23 | $0 |
| MEI SUN | MEMBER Trustee or director | 0.23 | $0 |
| JOHN MOLNAR | MEMBER Trustee or director | 0.35 | $0 |
1 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DAVID GURZICK | MEMBER Trustee or director | 0.23 | $0 |
990 for the year ended June 30, 2024: 15 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KATHIE CALLAHAN BRADY | PRESIDENT/CEO Trustee or director, Officer | 57.67 | $150,000 |
| ANDRES MENDOZA | VICE CHAIRMAN Trustee or director | 0.79 | $0 |
| SEAN WALKER | TREASURER/SECRETARY Trustee or director | 0.35 | $0 |
| THERESA BETHUNE | MEMBER Trustee or director, Officer | 0.65 | $0 |
| RICHARD GRIFFIN | MEMBER Trustee or director | 0.35 | $0 |
| JON ROWLEY | MEMBER Trustee or director | 0.63 | $0 |
| JEANNE O'CONNELL | MEMBER Trustee or director | 0.58 | $0 |
| VELEKA PEEPLES - DYER | MEMBER Trustee or director | 0.52 | $0 |
| DAVID PALANK | MEMBER Trustee or director | 0.42 | $0 |
| TIEN WONG | MEMBER Trustee or director | 0.67 | $0 |
| MEI SUN | MEMBER Trustee or director | 0.58 | $0 |
| JOHN MOLNAR | MEMBER Trustee or director | 0.46 | $0 |
| JODIE BOLLINGER | MEMBER Trustee or director | 0.29 | $0 |
| ANNE BALDUZZI | MEMBER Trustee or director | 0.88 | $0 |
| PATRICK WHEELER | CHAIRMAN Trustee or director, Officer | 0.96 | $0 |
990 for the year ended June 30, 2023: 10 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KATHIE CALLAHAN BRADY | PRESIDENT/CEO Trustee or director, Officer | 57.65 | $157,115 |
| THERESA BETHUNE | TREASURER/SECRETARY Trustee or director, Officer | 1.06 | $0 |
| JOHN NOWELL | VICE CHAIRMAN Trustee or director, Officer | 0.77 | $0 |
| RICHARD GRIFFIN | MEMBER Trustee or director | 1.04 | $0 |
| JODIE BOLLINGER | MEMBER Trustee or director | 0.46 | $0 |
| DAVID GURZICK | MEMBER Trustee or director | 0.19 | $0 |
| JON ROWLEY | MEMBER Trustee or director | 0.42 | $0 |
| JEANNE O'CONNELL | MEMBER Trustee or director | 0.12 | $0 |
| ANNE BALDUZZI | MEMBER Trustee or director | 0.54 | $0 |
| PATRICK WHEELER | MEMBER Trustee or director | 0.19 | $0 |
Address and contacts
- Address (IRS master file)
- 4539 METROPOLITAN CT, FREDERICK, MD 21704-9452
- In care of
- % MICHAEL DAILEY
- Principal officer (990 for 2024)
- KATHIE CALLAHAN BRADY, 4539 METROPOLITAN COURT, FREDERICK, MD 21704
- Signed the 990
- KATHIE CALLAHAN BRADY, PRESIDENT/CEO
- Phone
- (301) 694-2999
- Website
- WWW.FITCI.ORG
- Return prepared by
- HILDEBRAND LIMPARIS & ASSOCIATES CPAS PC
Mission
TO FOSTER ENTREPRENEURIAL ACTIVITY IN THE INFORMATION TECHNOLOGY AND LIFE SCIENCE INDUSTRIES WITHIN FREDERICK COUNTY, MARYLAND.
Program accomplishments
- 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.Expenses $1,877,128 · revenue $959,933
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 20-1262262
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2006
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S300)
- Assets (IRS master file)
- $9,536,262
- Income (IRS master file)
- $1,955,696
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $1,955,696 | $2,344,796 | $9,536,262 | IRS |
| 990 | June 2024 | $7,751,754 | $1,772,567 | $10,993,146 | XML |
| 990 | June 2023 | $1,638,890 | $1,103,012 | $2,908,352 | XML |
| 990 | June 2022 | $794,175 | $959,989 | $867,854 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 20-1262262).
Questions about FREDERICK INNOVATIVE TECHNOLOGY CENTER INC
- What is the EIN of FREDERICK INNOVATIVE TECHNOLOGY CENTER INC?
- The employer identification number (EIN) of FREDERICK INNOVATIVE TECHNOLOGY CENTER INC is 20-1262262.
- Is FREDERICK INNOVATIVE TECHNOLOGY CENTER INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2006.
- Are donations to FREDERICK INNOVATIVE TECHNOLOGY CENTER INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FREDERICK INNOVATIVE TECHNOLOGY CENTER INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of FREDERICK INNOVATIVE TECHNOLOGY CENTER INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FREDERICK INNOVATIVE TECHNOLOGY CENTER INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of FREDERICK INNOVATIVE TECHNOLOGY CENTER INC?
- The 990 for the year ended June 30, 2025 names KATHIE CALLAHAN BRADY.
- Who are the officers and directors of FREDERICK INNOVATIVE TECHNOLOGY CENTER INC?
- The 990 for the year ended June 30, 2025 lists 16 people; 1 received compensation from the organization, the highest $154,327 (KATHIE CALLAHAN BRADY, PRESIDENT/CEO).
- How much revenue does FREDERICK INNOVATIVE TECHNOLOGY CENTER INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $1,955,696, expenses of $2,344,796 and total assets of $9,536,262 at year end.
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All nonprofits in FREDERICK · Maryland · Community improvement and capacity building