Technology Council of Maryland Foundation

Nonprofit profile at a glance

EIN
521480346
IRS 990-EZ coverage
2011–2024
Forms available
Form 990-EZ 2024
Location
Rockville, MD, USA
Phone
2402434026
Rating
95
Verdict
STRONG
Rating confidence
Moderate
Sector
Professional Societies, Associations

Reported finances

Revenue
$147,000
Expenses
$154,751
Assets
$78,533
Liabilities
$97,545

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

4 people listed

People named in this filing

  • KELLY SCHULZ (CHAIR)
  • BRAD STEWART (DIRECTOR)
  • DAVID TOHN (DIRECTOR)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

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.

What it reported doing in 2024

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.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 71% of its reported program spending out as grants.

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 total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 98
  • Transparency & Controls: 100
  • Sustainability: 29
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 95%; rating input score 95

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: -5.3%; rating input score 22; 22nd percentile among comparable filings
  • Total-asset coverage ratio: 0.51; rating input score 38; 38th percentile among comparable filings
  • Liabilities to assets ratio: 1.24; rating input score 4; 4th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings

Growth

  • Program expense growth: 16.9% per year; rating input score 100; 73rd percentile among comparable filings
  • Revenue growth: 11.6% per year; rating input score 100; 70th percentile among comparable filings
  • Asset growth: 11.6% per year; rating input score 100; 66th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 95% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $147K in reported program spending
  • Leadership: top reported pay $0 · 4 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 14 filing years from 2011 to 2024
  • Contacts: How to reach this organization
  • Related organizations: Filed and resolved organization relationships.
  • 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 22/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 38/100.
  • High — Sustainability: Liabilities to assets ratio scored 4/100.