Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Feb 2023.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
88 cents of each dollar spent went to programs.
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
3 people listed on the 990.
Marcus Shaw’s $46K as Executive Di is at the 25th percentile of top reported officer pay among 1709 $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.
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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
Fosters innovation and entrepreneurship through education, acceleration, and incubation.
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Through education programs we have supported over 1500 students and young professionals in the region, through hack-a-thons, stem workshops, and entrepreneurship training. Since inception montgomery techlab has accelerated over 25 companies.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2023 990, line by line.
Download 990
| Line | Start FY23 | End FY23 |
|---|---|---|
| Cash and savingsLn 1–2 | $743K | $723K |
| Total assetsLn 16 | $743K | $723K |
| LiabilitiesLn 26 | $83K | $22K |
| Net assetsLn 32 | $660K | $701K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Other fees for servicesLn 11g | $198K | $178K | $17K | $3K |
| Advertising and promotionLn 12 | $4K | $4K | $416 | |
| Office expensesLn 13 | $7K | $4K | $4K | |
| TravelLn 17 | $2K | $967 | $968 | |
| InsuranceLn 23 | $315 | $315 | ||
| Total functional expensesLn 25 | $212K | $187K | $21K | $4K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest | $194K | $387K | −$193K | $504K | 990 PDF |
| FY2023 Viewing | $252K | $212K | $41K | $701K | 990 PDF |
| FY2022 | $1.5M | $828K | $660K | $660K | 990 PDF |
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Schedules filed Part IV
See the full FY2023 990 (4 parts)
Part VIII · Statement of revenue $252,500 across 3 lines filed
Part IX · Statement of functional expenses $211,517 across 5 lines filed
Part X · Balance sheet $722,727 assets, 8 lines filed
Part XI · Reconciliation of net assets $700,559 net assets at year end
Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File
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