Bowie Business Innovation Center Inc
Nonprofit profile at a glance
- EIN
- 271352516
- IRS 990 coverage
- 2015–2024
- Forms available
- Form 990 2024, Form 990-EZ 2017, Form 990-N 2010
- Location
- Bowie, MD, USA
- Phone
- 3013831550
- Rating
- 86
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Educational Services and Schools - Other
Reported finances
- Revenue
- $1,167,075
- Expenses
- $1,221,359
- Assets
- $2,558,596
- Liabilities
- $18,867
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
10 people listed
Executive titles in this filing
- JUNE EVANS (EXECUTIVE DIRECTOR)
People named in this filing
- JUNE EVANS (EXECUTIVE DIRECTOR)
- JESSE BUGGS (CHAIR)
- WENDY L JENKINS (VICE CHAIR)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
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.
What it reported doing in 2024
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.
Operating model
- Revenue model
- Donor-supported. 93% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and some filed totals do not add up.
Rating breakdown
- Financial Efficiency: 87
- Transparency & Controls: 83
- Accountability: 94
- Sustainability: 49
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 99.2%; rating input score 99
- Program expense ratio: 94.8%; rating input score 95
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 91.7%; rating input score 92; 12th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 6 of 7 controls in place; rating input score 86
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -4.7%; rating input score 25; 25th percentile among comparable filings
- Total-asset coverage ratio: 2.09; rating input score 66; 66th percentile among comparable filings
- Liabilities to assets ratio: 0.01; rating input score 71; 71st percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 81; 81st percentile among comparable filings
Growth
- Program expense growth: 19.5% per year; rating input score 100; 82nd percentile among comparable filings
- Revenue growth: 20.4% per year; rating input score 100; 86th percentile among comparable filings
- Asset growth: 29.9% per year; rating input score 100; 91st percentile among comparable filings
Details
- Where the money goes: 99.2% of revenue deployed · 94.8% of spending went to programs
- Governance: 9 of 9 board members independent · 6 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $1.2M in reported program spending
- Leadership: top reported pay $0 · 10 people listed
- Consistency: 23 of 24 current checks pass · 1 finding to review
- Schedules: 3 filed schedules
- Filing history: 8 filing years from 2015 to 2024
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Sustainability: Operating margin scored 25/100.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
- Review — Accountability: Governance controls: Independent financial-statement audit not reported.