Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 2008.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
88 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
Something off? Claim to add context
Who runs it and what they're paid
4 people listed on the 990; $68K paid to officers and key staff.
Michael Slaughter’s $119K as President is at the 89th percentile of top reported officer pay among 1216 $100K–1M employment nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 2 named individuals · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Michael Slaughter | $118,553 | $53,450 | $57,082 | $49,920 | $55,142 |
| Ladonia Wicks | — | — | — | — | $12,652 |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
See Innovative Concepts INC executive salaries →Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2Yes
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
- Loans to or from officersSch L · Pt II1 listed
Programs and updates
Provides housing, job training, and mentorship for people with intellectual and developmental disabilities.
Questions for Innovative Concepts INC
Your first name shows with your question. Innovative Concepts INC answers here, for everyone.
Innovative Concepts, Inc, provided services for residents of the District of Columbia with Developmental Disabilites, including basic housing facilities, vocational and mentorship programs.
By the numbers
The FY2020 990, line by line.
Download 990
| Line | Start FY20 | End FY20 |
|---|---|---|
| Cash and savingsLn 1–2 | −$8K | $125K |
| Land, buildings, equipmentLn 10c | $10K | $9K |
| Total assetsLn 16 | $2K | $134K |
| LiabilitiesLn 26 | $14K | $170K |
| Net assetsLn 32 | −$12K | −$36K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $68K | $61K | $7K | $0 |
| Other salaries and wagesLn 7 | $475K | $428K | $48K | $0 |
| Accounting feesLn 11c | $15K | $0 | $15K | $0 |
| Office expensesLn 13 | $5K | $5K | $507 | $0 |
| Information technologyLn 14 | $8K | $7K | $813 | $0 |
| OccupancyLn 16 | $71K | $64K | $7K | $0 |
| Depreciation, depletion and amortizationLn 22 | $3K | $0 | $3K | $0 |
| InsuranceLn 23 | $2K | $0 | $2K | $0 |
| Other expenses (24a–d)Ln 24 | $51K | $46K | $5K | $0 |
| All other expensesLn 24e | $51K | $45K | $5K | $0 |
| Total functional expensesLn 25 | $748K | $656K | $93K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 LatestFiled with the IRS Oct 20, 2025 | $884K | $801K | $83K | $128K | 990 PDF |
| FY2023Filed with the IRS Nov 12, 2024 | $654K | $659K | −$4K | $45K | 990 PDF |
| FY2022Filed with the IRS Nov 6, 2023 | $754K | $655K | $99K | $49K | 990 PDF |
| FY2021Filed with the IRS Oct 25, 2022 | $707K | $719K | −$12K | −$48K | 990 PDF |
| FY2020 ViewingFiled with the IRS Nov 15, 2021 | $724K | $748K | −$24K | −$36K | 990 PDF |
Schedules filed Part IV
See the full FY2020 990 (6 parts)
Part I · Summary $724,213 revenue, 12 lines filed
Part VI · Governance 2 of 3 board members independent, 3 to look at
Part VIII · Statement of revenue $724,213 across 3 lines filed
Part IX · Statement of functional expenses $748,247 across 10 lines filed
Part X · Balance sheet $134,390 assets, 8 lines filed
Part XI · Reconciliation of net assets −$35,679 net assets at year end
Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File
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