Tech Frederick INC FY2022 filing
Develops Frederick's tech community through education, training, and events. For fiscal year 2022 it reported $363K in revenue, $327K in expenses, and $127K in net assets.Pt I
- Type
- Public charity (501(c)(3)) · Employment
- Location
- Monrovia, MD
- Website
- www.techfrederick.org
- Filings
- 5 on file (2020–2022)
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Summary of the Filing
Where the work happens
Aspire training is free (or for a nominal fee) to the frederick county tech community, as well as those who aspire to join it by adding tech skills to their resumes, and is designed to enhance workforce skills through on-line or in-person classes. Approximately 127 people benefitted from aspire training.
Techfrederick games is an annual event designed to provide an opportunity for local tech businesses to connect and have fun, while raising awareness of techfrederick and the participating companies. Approximately 160 people participated in tech games.
Techfrederick offers various networking events that focus on connecting local industry professionals with other business leaders. Our events include sales and marketing speaker sessions, roundtable events, and quarterly networking breakfasts.
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Identity & Classification
Governance & Policies
Officers, Directors & Key Employees
Meghan Sweigart’s $88K as Executive Director is at the 77th percentile of top reported officer pay among 1212 $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 |
|---|---|---|---|---|---|
| Meghan Sweigart | $87,986 | $63,994 | — | — | — |
| Amy Pontius | — | — | $44,600 | $27,000 | $27,000 |
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
Statement of Functional Expenses
Balance Sheet
Financial Metrics
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
| Metric | This org | Peer median | Percentile |
|---|---|---|---|
| Program ratio | 94% | — | — |
| Overhead ratio | 6% | — | — |
| Fundraising cost ratio | 0% | — | — |
| Revenue growth | 91% | — | — |
| Accounting fee ratio | 0.9% | — | — |
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.
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