Mission
INNOVATIVE CONCEPTS, INC. PROVIDES RESIDENTIAL SERVICES TO INDIVIDUALS WITH INTELLECTUAL AND DEVELOPMENTAL DISSABILITIES. ITS SERVICES CONSIST OF BASIC HOUSING FACILITIES, VOCATIONAL AND MENTORSHIP PROGRAMS.
Public Charity
INNOVATIVE CONCEPTS INC
Based in SILVER SPRING, MD, INNOVATIVE CONCEPTS INC operates as a Public Charity. The organization reported $884K in revenue, $801K in expenses, $128K in total assets for fiscal year 2024.
EIN: 061816677
SILVER SPRING, MD
Job Training
NTEE: J22
Latest filing: 2024
Total Revenue$884K
Total Expenses$801K
Total Assets$128K
Grant Records0
Filing Years2019–2024
Where $100 goes at Innovative Concepts Inc
How Innovative Concepts Inc divides every $100 it spends, from its own Form 990 filings, averaged across 6 years.
$88
Programs
the work itself
$12
Management
running the organization
$0
Fundraising
none reported
No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.
Inside the $88 for programs
$88
Innovative Concepts, inc, provided services for residents of the district of columbia with developmental disabilites, including basic housing facilities, vocational and mentorship programs
Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.
Officers & Directors
SECRETARY
Anthony Gilmer
VICE PRESIDE
Kevin Moates
PRESIDENT
Michael Slaughter
Officer compensation and complete director data available with membership.
Financial Trends
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2024 | $884K | $801K | $128K |
| 2023 | $654K | $659K | $45K |
| 2022 | $754K | $655K | $52K |
| 2020 | $724K | $748K | $134K |
| 2019 | $679K | $691K | $2K |
Between 2019 and 2024, reported annual revenue grew from $679K to $884K (+30%), with total assets most recently reported at $128K.
Interactive year-over-year charts and full filing details available with membership.