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Nonprofit · EIN 27-1352516

BOWIE BUSINESS INNOVATION CENTER INC

Tax-exempt · BOWIE, MD 20715

Financials

$473K$505K2023$1.2M$1.2M2024
Revenue Expenses · by fiscal year end
Financials of BOWIE BUSINESS INNOVATION CENTER INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$1,167,075$1,221,359-$54,284$2,558,596$18,867$2,539,729
December 31, 2023990$473,017$504,801-$31,784$3,282,820$10,576$3,272,244
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$1,102,480
of which government grants
$17,500
Program service revenue
$36,330
Investment income
$1,965
Net rental income
$26,300
Other revenue
$26,300

Expenses

Grants and similar amounts paid
$0
Other salaries and wages
$430,166
Salaries, compensation and benefits (total)
$499,311
Professional fundraising fees
$0
Legal fees
$32,824
Accounting fees
$3,380
Occupancy
$46,025
Travel
$14,950
Depreciation
$1,070
Program services (functional)
$1,157,403
Management and general (functional)
$63,956

Balance sheet and other

Total assets, start of year
$3,278,533
Total assets, end of year
$2,558,596
Total liabilities, end of year
$18,867
Net assets, end of year
$2,539,729
Net assets without donor restrictions
$302,549
Net assets with donor restrictions
$2,237,180
Gross receipts
$1,167,075
Employees
3
Volunteers
1
Year formed
2009
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 December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
JUNE EVANSEXECUTIVE DIRECTOR
Officer
40$0
JESSE BUGGSCHAIR
Trustee or director, Officer
1$0
WENDY L JENKINSVICE CHAIR
Trustee or director, Officer
1$0
INDIA BASCOMBETREASURER
Trustee or director, Officer
1$0
CHARLENE T WADESECRETARY
Trustee or director, Officer
1$0
ISAIAS ALBABOARD MEMBER
Trustee or director
1$0
MAGDALENA GEBREKRISTBOARD MEMBER
Trustee or director
1$0
ROBERT DURUBOARD MEMBER
Trustee or director
1$0
MARK A LAWRENCEBOARD MEMBER
Trustee or director
1$0
EBEN G SMITHBOARD MEMBER
Trustee or director
1$0
990 for the year ended December 31, 2023: 10 people
NameTitleHours / weekCompensation
JUNE EVANSEXECUTIVE DIRECTOR
Officer
40$95,198
JESSE BUGGSCHAIR
Trustee or director, Officer
1$0
WENDY L JENKINSVICE CHAIR
Trustee or director, Officer
1$0
INDIA BASCOMBETREASURER
Trustee or director, Officer
1$0
CHARLENE T WADESECRETARY
Trustee or director, Officer
1$0
ISAIAS ALBABOARD MEMBER
Trustee or director
1$0
MAGDALENA GEBREKRISTBOARD MEMBER
Trustee or director
1$0
ROBERT DURUBOARD MEMBER
Trustee or director
1$0
MARK A LAWRENCEBOARD MEMBER
Trustee or director
1$0
EBEN G SMITHBOARD MEMBER
Trustee or director
1$0

Address and contacts

Address (IRS master file)
14000 JERICHO PARK RD, BOWIE, MD 20715-3319
In care of
% LISA S SMITH
Mailing address (990-N for 2010)
15901 Excalibur Road Suite 236, Bowie MD 20716
Principal officer (990 for 2024)
JUNE EVANS, 1400 JERICHO PARK RD, BOWIE, MD 20715
Principal officer (990-N for 2010)
John Henry King, 15901 Excalibur Road Suite 236, Bowie MD 20716
Signed the 990
JUNE EVANS, EXECUTIVE DIRECTOR
Phone
(301) 383-1550
Return prepared by
F S TAYLOR & ASSOCIATES P C

Mission

ACCELERATE COMPANY GROWTH, INNOVATION AND JOB GENERATION IN THE CITY OF BOWIE AND PRINCE GEORGES COUNTY THROUGH A COORDINATED PROGRAM OF BUSINESS COUNSELING, MENTORING AND NETWORKING TO DRIVE BUSINESS SCALE-UP, ALONG WITH ACCESS TO FACILITIES AND MEETING SPACE.

990 for the year ended December 31, 2024

Program accomplishments

  • 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.
    Expenses $1,157,403 · revenue $1,065,000

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 December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
27-1352516
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2012
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B90)
Assets (IRS master file)
$2,558,596
Income (IRS master file)
$1,167,075

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$1,167,075$1,221,359$2,558,596IRS
990December 2023$473,017$504,801$3,282,820XML
990December 2022$3,282,481$159,446$3,400,164IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS
990-EZDecember 2017–––IRS
990-N for 2010
Officer: John Henry King
December 31, 2010≤ $50,000 receipts––e-Postcard

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 27-1352516).

Questions about BOWIE BUSINESS INNOVATION CENTER INC

What is the EIN of BOWIE BUSINESS INNOVATION CENTER INC?
The employer identification number (EIN) of BOWIE BUSINESS INNOVATION CENTER INC is 27-1352516.
Is BOWIE BUSINESS INNOVATION CENTER INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2012.
Are donations to BOWIE BUSINESS INNOVATION CENTER INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does BOWIE BUSINESS INNOVATION 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 BOWIE BUSINESS INNOVATION CENTER INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did BOWIE BUSINESS INNOVATION CENTER INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of BOWIE BUSINESS INNOVATION CENTER INC?
The 990 for the year ended December 31, 2024 names JUNE EVANS.
Who are the officers and directors of BOWIE BUSINESS INNOVATION CENTER INC?
The 990 for the year ended December 31, 2024 lists 10 people; 0 received compensation from the organization.
How much revenue does BOWIE BUSINESS INNOVATION CENTER INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $1,167,075, expenses of $1,221,359 and total assets of $2,558,596 at year end.

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