Carroll Technology Council INC EIN 20-0537495 Form 990 (PDF) Claim this org

Carroll Technology Council INC

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Educates and connects Carroll County residents with technology resources through seminars and events. For fiscal year 2025 it reported $148K in revenue, $253K in expenses, and $253K in net assets.Pt I

Type
Public charity (501(c)(3)) · Community Development
Location
Westminster, MD
Website
www.carrolltechcouncil.org
Filings
6 on file (2020–2025)
Revenue
$148KFY2025
Expenses
$253K
Net assets
$253K
People
15
Filings
6
Updates
0
More identity details & actions ⌄
EIN  20-0537495 Public charity (501(c)(3)) Westminster, MD
Form 990 (PDF)
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Size
$100K–1M
What they do
Educates and connects Carroll County residents with technology resources through seminars and events.
Leadership
Molly Sherman · Executive Director · $71K
Money in and out
$148K revenue, $253K expenses
Bottom line
79% program efficiency
Where the money goes · FY2025
Total revenue
$148K
Pt VIII · Ln 12
Total expenses
$253K
Pt IX · Ln 25
Net assets
$253K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$106K
Where spending went · Part IX cols B–D
Program services $0.79 Management & general $0.16 Fundraising $0.06
Program efficiency
79%
of spending reaches programs▼ -11% vs prior filing year
Operating runway
12.0mo
months of highly liquid reserves at operating expense rate▲ +22% vs prior filing year
Surplus margin
-71%
revenue over expenses, this year▼ -366% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$148K
FY2025▼ -76%
Expenses
$253K
FY2025▼ -44%
Total assets
$260K
FY2025▼ -31%
Total liabilities
$7K
FY2025▼ -61%
Total revenue
$148K
Pt VIII · Ln 12
Total expenses
$253K
Pt IX · Ln 25
Net assets
$253K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$106K
Total assetsPt X · Ln 16$260K
Program-expense ratioPt IX · col B79%
Voting members of governing bodyPt I · Ln 311
Independent voting membersPt I · Ln 410
Mission & Programs · Part III

Where the work happens

1 program service account for $199K of program spending, described in the organization's own filed words · FY2025.
01

CTC serves as a program delivery partner for the Maryland Apprentiship Connector (MAC) a statewide initiative aimed at expanding access to apprenticeship and career training opportunities

$199Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CCarroll Technology Council INC
EINHdr · item D20-0537495
Principal addressHdr · item CWestminster, MD
WebsiteHdr · item Jwww.carrolltechcouncil.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMD
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFCommunity Development (S30)
Ruling yearIRS BMFAug 2005

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a11
Independent voting membersPt VI · Ln 1b10
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$71,430Pt VII · Sec A
$20,160Pt VII · Sec A
Employee
$20,160Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Molly Sherman’s $71K as Executive Director is at the 49th percentile of top reported officer pay among 1710 $100K–1M community development 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 · 7 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2020
Christopher Abell$101,235$54,831
Chris Abell$78,093
Molly Sherman$71,430
Kati Townsley$65,615
Molly Sherman$58,293
Jack a Bayne$20,160
Jack Bayne$20,160

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.

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Statement of Revenue

Part VIII
Contributions & grants$82K · 55%
Program service revenue$66K · 45%
Contributions & grants55%$82K
Program service revenue45%$66K
— government grantsLn 1e$2K
Total revenueLn 12$148K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.79 Management & general $0.16 Fundraising $0.06
Program services79%$199K
Management & general16%$40K
Fundraising6%$15K
Total functional expensesLn 25$253K

Balance Sheet

Part X · end of year
CashLn 1$252K
Total assetsLn 16$260K
Total liabilitiesLn 26$7K
Total net assetsLn 32$253K
Months of cash on handcomputed12.0

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $252K · Operating expenses/yr $253K
12.0 months
Where the money goes
Program services
Program services $199K · Total expenses $253K
79%
Management & General
Management & general $40K · Total expenses $253K
16%
Fundraising
Fundraising $15K · Total expenses $253K
6%
Cost to raise $1
Fundraising expense (3-yr avg) $8K · Solicited contributions (3-yr avg) $98K
$0.08 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $82K · Total revenue $148K
55%
Government reliance
Government grants $2K · Total revenue $148K
2%
Earned-income share
Program service revenue $66K · Total revenue $148K
45%
Investment reliance
Investment income $0 · Total revenue $148K
0%
Program self-sufficiency
Program service revenue $66K · Total expenses $253K
26%
Growth & trend
Revenue growth (YoY)
This year $148K · Prior year $615K
-76%
Revenue CAGR
FY2020 $190K · FY2025 $148K
-5%
Net-asset trend (YoY)
End of year $253K · Beginning of year $358K
-29%
Balance sheet
Surplus Margin
Revenue $148K · Expenses $253K
-71%
Liabilities-to-Assets
Total liabilities $7K · Total assets $260K
3%
Net-asset ratio
Net assets $253K · Total assets $260K
97%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $260K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Molly Sherman · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $71K · Total expenses $253K
28%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $96K · Total expenses $253K
38%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 79%
Overhead ratio 16%
Fundraising cost ratio 18%
Revenue growth -76%
Accounting fee ratio 0.3%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 2 funders$20K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$148K revenue · viewing · ⤓ 990 PDF
FY2024$615K revenue · ⤓ 990 PDF
FY2023$389K revenue · ⤓ 990 PDF
FY2022$121K revenue · ⤓ 990 PDF
FY2021$144K revenue · ⤓ 990 PDF
FY2020$190K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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