Nonprofit · EIN 52-1480346
TECHNOLOGY COUNCIL OF MARYLAND FOUNDATION INC
Tax-exempt · ROCKVILLE, MD 20850
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990-EZ | $147,000 | $154,751 | -$7,751 | $78,533 | $97,545 | -$19,012 |
| June 30, 2024 | 990-EZ | $155,500 | $197,684 | -$42,184 | $152,228 | $163,489 | -$11,261 |
| June 30, 2023 | 990-EZ | $75,500 | $169,883 | -$94,383 | $146,736 | $115,813 | $30,923 |
Financial details: 990-EZ for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $147,000
Expenses
- Grants and similar amounts paid
- $105,000
- Compensation of officers, directors and key employees
- $0
- Professional fees and payments to contractors
- $49,748
- Other expenses
- $3
- Program services (functional)
- $147,000
Balance sheet and other
- Total assets, start of year
- $152,228
- Total assets, end of year
- $78,533
- Total liabilities, end of year
- $97,545
- Net assets, end of year
- -$19,012
- Cash, savings and investments
- $78,533
- Gross receipts
- $147,000
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-EZ for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KELLY SCHULZ | CHAIR | 0.5 | $0 |
| BRAD STEWART | DIRECTOR | 0.5 | $0 |
| DAVID TOHN | DIRECTOR | 0.5 | $0 |
| MICHELLE FERRONE | DIRECTOR | 0.5 | $0 |
990-EZ for the year ended June 30, 2024: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KELLY SCHULZ | CHAIR | 0.5 | $0 |
| BRAD STEWART | DIRECTOR | 0.5 | $0 |
| DAVID TOHN | DIRECTOR | 0.5 | $0 |
| MICHELLE FERRONE | DIRECTOR | 0.5 | $0 |
990-EZ for the year ended June 30, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARTIN ROSENDALE | CHAIR (UNTIL 10/2022) | 0.5 | $0 |
| KELLY SCHULZ | CHAIR (FROM 11/2022) | 0.5 | $0 |
| BRAD STEWART | DIRECTOR | 0.5 | $0 |
| DAVID TOHN | DIRECTOR | 0.5 | $0 |
| KAREN SHOOS | DIRECTOR | 0.5 | $0 |
Address and contacts
- Address (IRS master file)
- 9808 MEDICAL CENTER DR UNIT 450, ROCKVILLE, MD 20850-4898
- Signed the 990-EZ
- KELLY SCHULZ, CEO
- Phone
- (240) 243-4026
- Return prepared by
- GELMAN ROSENBERG & FREEDMAN
Mission
DISSEMINATE STEM RELATED PROGRAMS, EDUCATIONAL MATERIALS AND FUNDING TO DEVELOP THE NEXT GENERATION OF SKILLED WORKERS FOR THE REGION'S ADVANCED TECHNOLOGY COMMUNITY. WE WILL SUPPORT ALL STUDENTS WITH SPECIAL CONSIDERATION FOR MINORITY AND WOMEN THROUGHOUT THE MID-ATLANTIC REGION AND BRING THEM TOGETHER WITH THE AREA'S TOP TECHNOLOGY EMPLOYERS.
Program accomplishments
- VENTURE MENTORING SERVICE: THE PROGRAM IS BASED ON A TEAM MENTORING APPROACH AS ONE OF THE 70 COMMUNITIES AROUND THE GLOBE THAT IS PART OF THE HIGHLY-SUCCESSFUL MIT VENTURE MENTORING SERVICE. THE RESULTS HAVE BEEN STUNNING IN TERMS OF CAPITAL RAISED, JOB GROWTH AND COMPANY SURVIVAL. MENTORS AND MENTEE COMPANIES PARTICIPATE BY INVITATION, AND THERE IS NO FEE TO THE MENTEE COMPANY FOR THE MENTORING PROGRAM. THE ULTIMATE GOAL OF THE PROGRAM IS TO BRING EMPLOYMENT OPPORTUNITIES AND CAPITAL TO THE AREA IN THE TECHNOLOGY AND LIFE SCIENCES FIELDS BY HELPING COMPANIES TO GROW FASTER. THE VMS PROGRAM PROVIDES MENTORING SERVICES TO MARYLAND BASED TECH AND LIFE SCIENCES COMPANIES. WE INVOLVE HIGHLY QUALIFIED VOLUNTEER MENTORS WHO ARE COMMITTED TO PROVIDING VALUABLE ADVICE IN A TEAM SETTING.Expenses $147,000 · grants $105,000
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 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-EZ on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 52-1480346
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 1989
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S03)
- Assets (IRS master file)
- $78,533
- Income (IRS master file)
- $147,000
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | June 2025 | $147,000 | $154,751 | $78,533 | IRS |
| 990-EZ | June 2024 | $155,500 | $197,684 | $152,228 | IRS |
| 990-EZ | June 2023 | $75,500 | $169,883 | $146,736 | XML |
| 990-EZ | June 2022 | – | – | – | IRS |
| 990-EZ | June 2021 | – | – | – | IRS |
| 990-EZ | June 2020 | – | – | – | IRS |
| 990-EZ | 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 52-1480346).
Questions about TECHNOLOGY COUNCIL OF MARYLAND FOUNDATION INC
- What is the EIN of TECHNOLOGY COUNCIL OF MARYLAND FOUNDATION INC?
- The employer identification number (EIN) of TECHNOLOGY COUNCIL OF MARYLAND FOUNDATION INC is 52-1480346.
- Is TECHNOLOGY COUNCIL OF MARYLAND FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1989.
- Are donations to TECHNOLOGY COUNCIL OF MARYLAND FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does TECHNOLOGY COUNCIL OF MARYLAND FOUNDATION 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 TECHNOLOGY COUNCIL OF MARYLAND FOUNDATION 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 TECHNOLOGY COUNCIL OF MARYLAND FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended June 2025.
- Who are the officers and directors of TECHNOLOGY COUNCIL OF MARYLAND FOUNDATION INC?
- The 990-EZ for the year ended June 30, 2025 lists 4 people; 0 received compensation from the organization.
- How much revenue does TECHNOLOGY COUNCIL OF MARYLAND FOUNDATION INC have?
- On its 990-EZ for the year ended June 30, 2025 it reported revenue of $147,000, expenses of $154,751 and total assets of $78,533 at year end.
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All nonprofits in ROCKVILLE · Maryland · Community improvement and capacity building