Energetics Technology Center INC

Tax-deductible

Indian Head, MD501(c)(3)Since 2005Science & TechnologyEIN 20-5601947Revenue $28.4M in FY2025

On file with the IRSetcmd.com4445 Indian Head Hwy, 20640-1836 · Indian Head, MDTax-exempt since May 2008Publicly supported — 509(a)(2)

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Operated primarily for scientific, educational, charitable or similar purposes.

501(c)(3) charity; gifts are tax-deductible.
94¢ of each $1 spent went to programs.
Run by 5 volunteers and 20 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · 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
5 of 6
filings with a surplus
Average surplus $65K a year · under 1% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
94%
of spending
Looks good: 94% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.7M
to officers and key staff · 6% of spending
Top officer’s pay lower than 78% of similar orgs
Looks good: pay to officers and key staff is 6% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
5 mo
of spending, in cash
Looks good: 5.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$17.0M
97% of total assets
Concern: liabilities are 97% of assets; over 80%.
Pt X · Ln 26
Independent board members
3
of 4 voting members
Looks good: 3 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$28.4M
+71% vs prior year
Spent
$28.2M
To programs
94%
Net assets
$461K
By yearFY2020–FY2025
Revenue
$28.4M
FY2025▲ +71%
Tap a bar for its year
Revenue by fiscal year
FY2020$4.7M
FY2021$10.8M
FY2022$10.9M
FY2023$13.7M
FY2024$16.6M
FY2025$28.4M
Expenses
$28.2M
FY2025▲ +71%
Tap a bar for its year
Expenses by fiscal year
FY2020$4.9M
FY2021$10.6M
FY2022$10.8M
FY2023$13.7M
FY2024$16.5M
FY2025$28.2M
Net assets
$461K
FY2025▲ +54%
Tap a bar for its year
Net assets by fiscal year
FY2020−$309K
FY2021−$92K
FY2022$94K
FY2023$178K
FY2024$298K
FY2025$461K

From the FY2025 Form 990 (year ending June 2025) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in May 2008.

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

Where the money goes

94 cents of each dollar spent went to programs.

Program services 94% · $26.5M Management & general 6% · $1.8M

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

11 people listed on the 990; $1.7M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
President & COO
$277,722Pt VII · Sec A
Secretary & CEO
$258,983Pt VII · Sec A
$255,422Pt VII · Sec A
Director
$254,267Pt VII · Sec A
Program Manager
$203,995Pt VII · Sec A
Manager, Information Systems/Fso
$151,700Pt VII · Sec A
Machine Learning Scientist
$144,495Pt VII · Sec A
Senior Chemist
$143,915Pt VII · Sec A

Will Durant’s $278K as President & COO is at the 22nd percentile of top reported officer pay among 139 $10–100M science & technology 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 · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Robert Kavetsky$258,983$274,047$245,239$308,293$202,972$193,787
Will Durant$277,722$255,086$191,930———
Matthew Martin$255,422$242,375$207,170$212,676$98,201—
Virginia to$254,267$218,681————
Matt Riordan——$210,518$236,311——
John Millemaci$203,995$199,514$193,401$190,949——
Tommie J Lucius———$185,752——
John Fischer—$181,761————

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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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 15aYes

Programs and updates

Conducts scientific research and educational programs for public benefit.

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3 programs · $25.6M · in their own filed words · FY2024
01

This program represents efforts undertaken by etc to support NSWC ihd as a partnership intermediary. Under this program, etc supports technology transfer, SBIR/STTR program development, stem program development and other innovation program and partnership development efforts (02053).

$17.0Mprogram expense
02

Research, development, test & evaluation (RDT&E) achievements in energetics, science and technology in the broad areas of 1) training in virtual environments, 2) future of energetics, 3) energetics informatics, and 4) workforce development. Work related to autonomous vehicle testing and data collection. (02034).

$6.6Mprogram expense
03

Technical naval research in the area of energetics awareness. Study of the state of the energetics industry within the united states and development of plans to improve and expand. Creation of a tool to distribute energetics information within the energetics ecosystem (02054).

$2.0Mprogram expense

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$28.4M
Ln 12
Gifts and grantsLn 1h$28.4M
Investment incomeLn 3$402
Money outPt IX
$28.2M
Ln 25
Programscol B$26.5M
Managementcol C$1.8M
Owns and owesPt X
$461K
net assets · Ln 32
Cash and savingsLn 1–2$12.6M
Total assetsLn 16$17.5M
LiabilitiesLn 26$17.0M
PeoplePt VI, VII
11
listed · VII A
PaidVII A11
Voting boardVI 1a4
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$28.4M
Government grantsLn 1e$28.4M
Investment incomeLn 3$402
Total revenueLn 12$28.4M
Assets in detailPt X, end of year
CashLn 1$12.6M
Cash and savings togetherLn 1–2$12.6M
Land, buildings, equipmentLn 10c$975K
Other assetsLn 15$473K
Total assetsLn 16$17.5M
LiabilitiesLn 26$17.0M
Net assetsLn 32$461K
OperationsPt I, VI
EmployeesI 520
VolunteersI 65
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$25.9M$12.6M
Land, buildings, equipmentLn 10c$479K$975K
Total assetsLn 16$29.8M$17.5M
LiabilitiesLn 26$29.5M$17.0M
Net assetsLn 32$298K$461K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$1.4M$1.2M$273K
Pay of disqualified personsLn 6$2.2M$2.2M
Other employee benefitsLn 9$1.6M$1.4M$154K
Other fees for servicesLn 11g$21.0M$20.0M$1.0M$0
Office expensesLn 13$334K$75K$259K
OccupancyLn 16$39K$39K
TravelLn 17$102K$65K$36K
Conferences, conventions and meetingsLn 19$24K$24K
InterestLn 20$4K$4K
Depreciation, depletion and amortizationLn 22$120K$113K$7K
InsuranceLn 23$14K$11K$3K
Other expenses (24a–d)Ln 24$1.4M$1.4M$17K
All other expensesLn 24e$18K$4K$15K$0
Total functional expensesLn 25$28.2M$26.5M$1.8M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $28.4M$28.2M$163K$461K 990 PDF
FY2024 $16.6M$16.5M$120K$298K 990 PDF
FY2023 $13.7M$13.7M$64K$178K 990 PDF
FY2022 $10.9M$10.8M$134K$94K 990 PDF
FY2021 $10.8M$10.6M$134K−$92K 990 PDF
FY2020 $4.7M$4.9M−$222K−$309K 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 FY2025 990 (6 parts)
Part I · Summary $28,407,479 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $16,596,991$28,407,077
I-9 Program service revenue$0
I-10 Investment incomePrior year $30$402
I-11 Other revenue$0
I-12 Total revenuePrior year $16,597,021$28,407,479
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $5,064,493$5,198,215
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $11,412,290$23,046,686
I-18 Total expensesPrior year $16,476,783$28,244,901
I-19 Revenue less expensesPrior year $120,238$162,578
Part VI · Governance 3 of 4 board members independent, no flags
VI-1a Voting members of the governing body4
VI-1b Independent voting members3
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $28,407,479 across 4 lines filed
VIII-1e Government grants$28,407,077
VIII-1h Total contributions, gifts and grants$28,407,077
VIII-3 Investment incomeExcluded from tax $402$402
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $402$28,407,479
Part IX · Statement of functional expenses $28,244,901 across 13 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $1,166,926 · Management $273,370$1,440,296
IX-6 Pay of disqualified personsPrograms $2,163,720$2,163,720
IX-9 Other employee benefitsPrograms $1,440,194 · Management $154,005$1,594,199
IX-11g Other fees for servicesPrograms $19,976,695 · Management $1,001,664 · Fundraising $0$20,978,359
IX-13 Office expensesPrograms $75,075 · Management $258,779$333,854
IX-16 OccupancyPrograms $38,708$38,708
IX-17 TravelPrograms $65,157 · Management $36,482$101,639
IX-19 Conferences, conventions and meetingsManagement $23,717$23,717
IX-20 InterestManagement $4,493$4,493
IX-22 Depreciation, depletion and amortizationPrograms $113,036 · Management $7,298$120,334
IX-23 InsurancePrograms $10,601 · Management $3,000$13,601
IX-24 Other expenses (24a–d)Programs $1,396,602 · Management $17,135$1,413,737
IX-24e All other expensesPrograms $3,724 · Management $14,520 · Fundraising $0$18,244
IX-25 Total functional expensesPrograms $26,450,438 · Management $1,794,463 · Fundraising $0$28,244,901
Part X · Balance sheet $17,462,050 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $25,854,726$12,644,341
X-4 Accounts receivableStart of year $2,363,510$3,226,275
X-9 Prepaid expenses and deferred chargesStart of year $148,445$143,275
X-10c Land, buildings and equipment, netStart of year $479,144$975,318
X-15 Other assetsStart of year $991,813$472,841
X-16 Total assetsStart of year $29,837,638$17,462,050
X-17 Accounts payable and accrued expensesStart of year $2,142,631$3,654,838
X-19 Deferred revenueStart of year $26,595,719$12,859,301
X-25 Other liabilitiesStart of year $686,583$449,379
X-26 Total liabilitiesStart of year $29,539,191$17,001,025
X-27 Net assets without donor restrictionsStart of year $298,447$461,025
X-32 Total net assets or fund balancesStart of year $298,447$461,025
X-33 Total liabilities and net assetsStart of year $29,837,638$17,462,050
Part XI · Reconciliation of net assets $461,025 net assets at year end
XI-1 Total revenue$28,407,479
XI-2 Total expenses$28,244,901
XI-3 Revenue less expenses$162,578
XI-4 Net assets at start of year$298,447
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$461,025

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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