Tech Frederick Inc
Nonprofit profile at a glance
- EIN
- 474589774
- IRS 990 coverage
- 2019–2025
- Forms available
- Form 990 2025, Form 990-EZ 2018
- Location
- Monrovia, MD, USA
- Phone
- 4432778195
- Rating
- 79
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Job Training
Reported finances
- Revenue
- $494,397
- Expenses
- $466,279
- Assets
- $123,291
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
19 people listed
Executive titles in this filing
- JOSH YEAGER (PRESIDENT)
- JON-MIKEL BAILEY (VICE PRESIDENT)
- MEGHAN SWEIGART (EXECUTIVE DIRECTOR)
Highest reported compensation
- MEGHAN SWEIGART (EXECUTIVE DIRECTOR): $113,790 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
We are dedicated to uniting technology enthusiasts, professionals, and organizations through education and a supportive community. We aim to foster a diverse and inclusive environment, ensuring everyone has an opportunity to succeed in the tech and innovation sectors and contribute to our vibrant ecosystem.
What it reported doing in 2025
Techfrederick offers various networking events that focus on connecting local industry professionals with other business leaders. Our events include sales and marketing speaker sessions, roundtable events, and quarterly networking breakfasts. In 2025, our speaker sessions and breakfasts featured local and national subject matter experts who gave informative presentations on topics relevant to the tech community. Techfrederick also hosts in-person evening networking events that are hosted by local tech businesses to facilitate networking and connection opportunities. Approximately 515 people benefitted from the various networking events.additionally in 2025, "an evening with paul nakasone" brought one of the nation's foremost cybersecurity and national defense leaders to the techfrederick community for an in-depth fireside chat and audience q&a. 120 attendees gained unique insights from general (ret.) paul nakasone on the rapidly evolving cyber and artificial intelligence landscape, the challenges and opportunities emerging technologies present for both public and private sectors, and the workforce adaptations needed to thrive in an ai-driven future.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Direct operator. The filing allocates 98% 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
SUPPORTED - The filed numbers largely add up and a large share of available resources goes toward mission work. Fundraising costs are high for each dollar raised and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 66
- Transparency & Controls: 92
- Accountability: 90
- Sustainability: 38
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 68.9%; rating input score 69
- Program expense ratio: 73.1%; rating input score 73
- Fundraising efficiency: $8.79 raised per $1 spent on fundraising; rating input score 34; 34th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
- Governance controls: 6 of 8 controls in place; rating input score 75
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 5.7%; rating input score 48; 48th percentile among comparable filings
- Total-asset coverage ratio: 0.26; rating input score 15; 15th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 77; 77th percentile among comparable filings
- Officer compensation ratio: 24.4%; rating input score 15; 15th percentile among comparable filings
Growth
- Program expense growth: 5.3% per year; rating input score 100; 52nd percentile among comparable filings
- Revenue growth: 14.4% per year; rating input score 100; 79th percentile among comparable filings
- Asset growth: 5.4% per year; rating input score 100; 46th percentile among comparable filings
Details
- Where the money goes: 68.9% of revenue deployed · 73.1% of spending went to programs
- Governance: 18 of 18 board members independent · 6 of 8 filing controls reported
- Programs: 4 filed program accomplishments · $341K in reported program spending
- Leadership: top reported pay $114K · 19 people listed
- Consistency: 23 of 23 current checks pass
- Schedules: 5 filed schedules · includes major donors
- Filing history: 7 filing years from 2019 to 2025
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- 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.
- Moderate — Financial Efficiency: Fundraising efficiency scored 34/100.
- High — Sustainability: Total-asset coverage ratio scored 15/100.
- Moderate — Sustainability: Operating margin scored 48/100.
- Review — Accountability: Governance controls: Independent financial-statement audit not reported.
- High — Sustainability: Officer compensation ratio scored 15/100.