Carroll Technology Council INC FY2020 filing

Tax-deductible

Westminster, MD501(c)(3)Community DevelopmentEIN 20-0537495Revenue $190K in FY2020

On file with the IRScarrolltechcouncil.org255 Clifton Blvd Ste 215, 21157-4786 · Westminster, MDTax-exempt since Aug 2005Publicly supported charity — 170(b)(1)(A)(vi)

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To provide leadership information and resources to educate attract and influence Technology in Carroll county maryland through educational seminars and annual events featuring informational speakers having expertise in a variety of Technology topics. Seminars and events are open to the public. The organizations website features Technology resources available in Carroll county maryland.

501(c)(3) charity; gifts are tax-deductible.
91¢ of each $1 spent went to programs.
$66K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $45K a year · 15% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
91%
of spending
Looks good: 91% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$66K
to officers and key staff · 55% of spending
Concern: pay to officers and key staff is 55% of spending; over 30%.
Pt VII · Sec A
Cash reserves
17 mo
of spending, in cash
Looks good: 16.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $20K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$68K
41% of total assets
Looks good: liabilities are 41% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$190K
Spent
$119K
To programs
91%
Net assets
$100K
By yearFY2020–FY2025
Revenue
$190K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$190K
FY2021$144K
FY2022$121K
FY2023$389K
FY2024$615K
FY2025$148K
Expenses
$119K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$119K
FY2021$140K
FY2022Not on file
FY2023$301K
FY2024$450K
FY2025$253K
Net assets
$100K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$100K
FY2021$104K
FY2022$97K
FY2023$193K
FY2024$358K
FY2025$253K

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Aug 2005.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

91 cents of each dollar spent went to programs.

Program services 91% · $108K Management & general 9% · $11K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

9 people listed on the 990; $66K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Di
$65,615Pt VII · Sec A
Director
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Molly Sherman’s $71K as Executive Director is at the 48th percentile of top reported officer pay among 1708 $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 · 6 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2020
Christopher Abell——$101,235$54,831—
Chris Abell—$78,093———
Molly Sherman$71,430$58,293———
Kati Townsley————$65,615
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.

See Carroll Technology Council INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Educates and connects Carroll County residents with technology resources through seminars and events.

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Provided by the organization

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2 programs · $108K · in their own filed words · FY2020
01

TECHKIDS/TECHWORKS programs are the philanthropic outreach program of ctic, which help bridge the digital divide in our county and encourages youth involvement in stem fields. The hallmark of this program is our long history of refurbishing computers and getting them into the hands of low- income youth and job seekers, as well as…

$57Kprogram expense
02

Throughout the covid pandemic, the ctic has been a constant source of information and resources for our community. Whether sending communications highlighting grants, loans or resources for the business community or providing technology resources to students, nonprofits and jobseekers, the ctic was a go to resource.

$51Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

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

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$190K
Ln 12
Gifts and grantsLn 1h$189K
Other incomeLn 4–11$638
Money outPt IX
$119K
Ln 25
Programscol B$108K
Managementcol C$11K
Owns and owesPt X
$100K
net assets · Ln 32
Cash and savingsLn 1–2$168K
Total assetsLn 16$168K
LiabilitiesLn 26$68K
PeoplePt VI, VII
9
listed · VII A
PaidVII A1
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$189K
Government grantsLn 1e$63K
Fundraising eventsLn 1c$16K
Other incomeLn 4–11$638
Total revenueLn 12$190K
Assets in detailPt X, end of year
CashLn 1$168K
Cash and savings togetherLn 1–2$168K
Total assetsLn 16$168K
LiabilitiesLn 26$68K
Net assetsLn 32$100K
OperationsPt I, VI
EmployeesI 52
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$90K$168K
Total assetsLn 16$90K$168K
LiabilitiesLn 26$62K$68K
Net assetsLn 32$29K$100K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$68K$61K$7K
Other employee benefitsLn 9$5K$4K$472
Payroll taxesLn 10$5K$5K$519
Accounting feesLn 11c$4K$3K$360
Advertising and promotionLn 12$9K$8K$909
Office expensesLn 13$4K$3K$388
OccupancyLn 16$5K$5K$512
TravelLn 17$57$50$7
InsuranceLn 23$3K$2K$252
Other expenses (24a–d)Ln 24$17K$16K$1K
Total functional expensesLn 25$119K$108K$11K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $148K$253K−$106K$253K 990 PDF
FY2024 $615K$450K$165K$358K 990 PDF
FY2023 $389K$301K$88K$193K 990 PDF
FY2022 $121K$97K 990 PDF
FY2021 $144K$140K$5K$104K 990 PDF
FY2020 Viewing $190K$119K$71K$100K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $190,032 revenue, 12 lines filed
I-8 Contributions and grants$189,394
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenue$638
I-12 Total revenue$190,032
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$77,772
I-16a Professional fundraising fees$0
I-17 Other expenses$41,366
I-18 Total expenses$119,138
I-19 Revenue less expenses$70,894
Part VI · Governance 9 of 9 board members independent, 4 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $190,032 across 7 lines filed
VIII-1b Membership dues$14,764
VIII-1c Fundraising events$16,360
VIII-1e Government grants$63,377
VIII-1f All other contributions, gifts and grants$94,893
VIII-1h Total contributions, gifts and grants$189,394
VIII-8 Net income from fundraising events$638
VIII-12 Total revenue$190,032
Part IX · Statement of functional expenses $119,138 across 10 lines filed
IX-7 Other salaries and wagesPrograms $61,078 · Management $6,786$67,864
IX-9 Other employee benefitsPrograms $4,244 · Management $472$4,716
IX-10 Payroll taxesPrograms $4,673 · Management $519$5,192
IX-11c Accounting feesPrograms $3,240 · Management $360$3,600
IX-12 Advertising and promotionPrograms $8,180 · Management $909$9,089
IX-13 Office expensesPrograms $3,488 · Management $388$3,876
IX-16 OccupancyPrograms $4,606 · Management $512$5,118
IX-17 TravelPrograms $50 · Management $7$57
IX-23 InsurancePrograms $2,273 · Management $252$2,525
IX-24 Other expenses (24a–d)Programs $16,067 · Management $1,034$17,101
IX-25 Total functional expensesPrograms $107,899 · Management $11,239 · Fundraising $0$119,138
Part X · Balance sheet $168,174 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $90,447$168,174
X-16 Total assetsStart of year $90,447$168,174
X-25 Other liabilitiesStart of year $61,500$68,333
X-26 Total liabilitiesStart of year $61,500$68,333
X-27 Net assets without donor restrictionsStart of year $28,947$99,841
X-32 Total net assets or fund balancesStart of year $28,947$99,841
X-33 Total liabilities and net assetsStart of year $90,447$168,174
Part XI · Reconciliation of net assets $99,841 net assets at year end
XI-1 Total revenue$190,032
XI-2 Total expenses$119,138
XI-3 Revenue less expenses$70,894
XI-4 Net assets at start of year$28,947
XI-10 Net assets at end of year$99,841

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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