Mission
TO FOSTER ENTREPRENEURIAL ACTIVITY IN THE INFORMATION TECHNOLOGY AND LIFE SCIENCE INDUSTRIES WITHIN FREDERICK COUNTY, MARYLAND.
Public Charity
FREDERICK INNOVATIVE TECHNOLOGY CENTER I INC
FREDERICK INNOVATIVE TECHNOLOGY CENTER I INC is a nonprofit organization categorized as Public Charity based in FREDERICK, MD. Its most recent IRS filing (2025) reports revenue of $2.0M, expenses of $2.3M, total assets of $9.5M. Imperigo tracks 1 reported grant relationships connected to this organization totaling approximately $5K.
EIN: 201262262
FREDERICK, MD
Economic Development
NTEE: S30
Latest filing: 2025
Total Revenue$2.0M
Total Expenses$2.3M
Total Assets$9.5M
Grant Records1
Funding Total$5K
Filing Years2021–2025
Where $100 goes at Frederick Innovative Technology Center I Inc
How Frederick Innovative Technology Center I Inc divides every $100 it spends, from its own Form 990 filings, averaged across 7 years.
$80
Programs
the work itself
$20
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 $80 for programs
$80
Provides furnished offices and wet labs equipped with high-speed internet, telephones, and administrative services, supporting clients employing nearly a hundred people at any given time
Source: Form 990 filings with the IRS, latest fiscal year 2025. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.
Sample Grants Received
$5,000
Showing up to 5 of 1 total records — full history available with membership.
Officers & Directors
VICE CHAIRMAN
Andres Mendoza
MEMBER
Anne Balduzzi
MEMBER
David Gurzick
MEMBER
David Palank
MEMBER
Jeanne O'connell
MEMBER
Jodie Bollinger
Officer compensation and complete director data available with membership.
Top Grant Purposes
Financial Trends
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2025 | $2.0M | $2.3M | $9.5M |
| 2024 | $7.8M | $1.8M | $11.0M |
| 2023 | $1.6M | $1.1M | $2.9M |
| 2022 | $794K | $960K | $868K |
| 2021 | $1.0M | $728K | $806K |
Between 2021 and 2025, reported annual revenue grew from $1.0M to $2.0M (+95%), with total assets most recently reported at $9.5M.
Interactive year-over-year charts and full filing details available with membership.