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Emerging Technology Centers INC EIN 52-1732432

Emerging Technology Centers INC

EIN  52-1732432 Public charity (501(c)(3)) Baltimore, MD Founded 1991
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Size
$100K–1M
What they do
Empowers Baltimore innovators, especially from underrepresented groups, with resources and support to succeed.
Leadership
Colin Tarbert · FMR. President
Money in and out
$779K revenue, $555K expenses
Bottom line
53% program efficiency

Empowers Baltimore innovators, especially from underrepresented groups, with resources and support to succeed. For fiscal year 2024 it reported $779K in revenue, $555K in expenses, and $1.0M in net assets.Pt I

Where the money goes · FY2024
Total revenue
$779K
Pt VIII · Ln 12
Total expenses
$555K
Pt IX · Ln 25
Net assets
$1.0M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $225K
Where spending went · Part IX cols B–D
Program services $0.53 Management & general $0.47
Program efficiency
53%
of spending reaches programs▲ +121% vs prior filing year
Operating runway
49.3mo
months of highly liquid reserves at operating expense rate▲ +82% vs prior filing year
Surplus margin
+29%
revenue over expenses, this year▼ -43% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$779K
FY2024▲ +3%
Expenses
$555K
FY2024▲ +48%
Total assets
$2.3M
FY2024▲ +168%
Total liabilities
$1.2M
FY2024▲ ×31
Total revenue
$779K
Pt VIII · Ln 12
Total expenses
$555K
Pt IX · Ln 25
Net assets
$1.0M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$225K
Total assetsPt X · Ln 16$2.3M
Program-expense ratioPt IX · col B53%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 4pending
Mission & Programs · Part III

Where the work happens

1 program service account for $294K of program spending, described in the organization's own filed words · FY2024.
01

The Organization operates as a business amplifier by becoming the voice of Baltimore's entrepreneurship ecosystem. It provides catalytic funding to start ups to reach their next stage growth, focusing on underrepresentted founders.

$294Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CEmerging Technology Centers INC
EINHdr · item D52-1732432
Principal addressHdr · item CBaltimore, MD
WebsiteHdr · item Jwww.etcbaltimore.com
Year of formationHdr · item L1991
State of legal domicileHdr · item MMD
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFCommunity Development (S43Z)
Ruling yearIRS BMFOct 1991

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a3
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
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
Colin Tarbert
FMR. President
$0Pt VII · Sec A
Kimberly Clark
FMR. Vice Pres
$0Pt VII · Sec A
Dr Arti Santhanam
FMR. Exec Dir
$0Pt VII · Sec A
Jeff Pillas
FMR. Sec/Treas
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants$749K · 96%
Investment income$28K · 4%
Contributions & grants96%$749K
Investment income4%$28K
Program service revenue$2K
— government grantsLn 1e$749K
Total revenueLn 12$779K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.53 Management & general $0.47
Program services53%$294K
Management & general47%$261K
Total functional expensesLn 25$555K

Balance Sheet

Part X · end of year
CashLn 1$2.3M
Total assetsLn 16$2.3M
Total liabilitiesLn 26$1.2M
Total net assetsLn 32$1.0M
Months of cash on handcomputed49.3

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $2.3M · Operating expenses/yr $555K
49.3 months
Where the money goes
Program services
Program services $294K · Total expenses $555K
53%
Management & General
Management & general $261K · Total expenses $555K
47%
Fundraising
Fundraising $0 · Total expenses $555K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $14K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $749K · Total revenue $779K
96%
Government reliance
Government grants $749K · Total revenue $779K
96%
Earned-income share
Program service revenue $2K · Total revenue $779K
0%
Investment reliance
Investment income $28K · Total revenue $779K
+4%
Program self-sufficiency
Program service revenue $2K · Total expenses $555K
0%
Growth & trend
Revenue growth (YoY)
This year $779K · Prior year $755K
+3%
Revenue CAGR
FY2019 $1.1M · FY2024 $779K
-6%
Net-asset trend (YoY)
End of year $1.0M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $779K · Expenses $555K
+29%
Liabilities-to-Assets
Total liabilities — · Total assets $2.3M
—
Net-asset ratio
Net assets $1.0M · Total assets $2.3M
45%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $2.3M
0%
People & payroll
Highest Reported Total Compensation
Individual Colin Tarbert · Reported title Fmr. President · Highest reported compensation $0 · Total expenses $555K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $429K · Total expenses $555K
77%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 53%——
Overhead ratio 47%——
Revenue growth 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 · received and paid
Grants received · FY2024
City of Baltimore Development CorporationFY2024$749K
Total grants receivedfrom 1 funder$749K
Grants paid · 12 grants · $625K · 2019–2021
Opal Htm INCFY2021$50,000
Impathi LLCFY2021$50,000
G-Haven EsportsFY2021$50,000
Book-A-Boat DBA BukuFY2021$50,000
6dgrsFY2021$50,000
The Black Brain Trust LLCFY2020$50,000
SupirFY2020$50,000
Fullblast SteamFY2020$50,000
Fight Blight BmoreFY2020$50,000
Dips Technology INCFY2020$50,000
Spotswash LLCFY2019$75,000
Isitgood INCFY2019$50,000

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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
FY2024$755K revenue · ⤓ 990 PDF
FY2023$843K revenue · ⤓ 990 PDF
FY2022$1.1M revenue · ⤓ 990 PDF
FY2021$1.0M revenue · ⤓ 990 PDF
FY2020$1.1M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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