MID-ATLANTIC GIGABIT INNOVATION COLLABORATORY INC

EIN: 811092703 501(c)(3) Science & Technology

Westminster, MD

Total Revenue
$339,123
Total Expenses
$353,584
Total Assets
$43,917
Net Assets
$-43,003
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2016
Legal Domicile
MD
Phone
4107908627
Tax Period
2023-07-01 to 2024-06-30

MID-ATLANTIC GIGABIT INNOVATION COLLABORATORY INC, founded in 2016, is a small nonprofit in the Science & Technology sector that reported $339K in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year.

Mission

To assist in creating economic development opportunities, and to encourage and assist technological innovation by businesses, in the City of Westminster, MD and surrounding environs, and to do anything else permitted by the Corporation and Associations Law of the State of Maryland.

Program Service Accomplishments

Program 1
Expenses: $37,276 Revenue: $0

Grow Rural Opportunity in Maryland (GRO MD), a two-year Build to Scale (B2S) Venture Challenge award funded by the U.S. Economic Development Administration aims to research and develop the case for a...

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Grow Rural Opportunity in Maryland (GRO MD), a two-year Build to Scale (B2S) Venture Challenge award funded by the U.S. Economic Development Administration aims to research and develop the case for a tri-county partnership that will unite three, rural Northern Maryland counties - Carroll, Frederick, and Harford - all of which share significant similarities in business, government and population attributes -- for the purpose of building a stronger, more efficient and inclusive economic future within the counties and in the region. MAGIC is working in partnership with subrecipients Frederick Innovative Technology Center, Inc. (FITCI) and the Harford County Office of Economic Development (HCOED).

Program 2
Expenses: $24,019 Revenue: $9,144

Good Game Festival and Good Game on Main seeks to encourage and support players of all ages. We promote healthy, sustainable gaming habits and practices while highlighting good sportsmanship and...

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Good Game Festival and Good Game on Main seeks to encourage and support players of all ages. We promote healthy, sustainable gaming habits and practices while highlighting good sportsmanship and games education. Young and old, casual and professional, console or PC - gaming can be a great way to connect and engage with others who have the same interests.

Program 3
Expenses: $18,828 Revenue: $2,902

The Westminster Autonomous Robotics Innovation Center, ARIC, offers various autonomous and robotics projects and hands on educational opportunities. ARIC Educational Services will help students...

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The Westminster Autonomous Robotics Innovation Center, ARIC, offers various autonomous and robotics projects and hands on educational opportunities. ARIC Educational Services will help students develop software, coding, and data analytics skills and experiences that are applicable to a variety of industries, not just robotics engineering. Beyond simply teaching technical skills, STEM education fosters critical thinking, builds teamwork and communications skills, and nurtures students natural curiosity.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $304,615
Program Service Revenue $34,508
Investment Income $0
Other Revenue $0
TOTAL REVENUE $339,123

Expense Breakdown

Grants Paid $0
Salaries & Benefits $201,075
Fundraising Expenses $0
Program Expenses $124,276
Other Expenses $152,509
TOTAL EXPENSES $353,584

Year-over-Year Comparison

2023 2022 Change
Revenue $339,123 $363,756 -0.1%
Expenses $353,584 $447,816 -0.2%
Net Income $-14,461 $-84,060 -0.8%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
11
Independent Members
11
Employees
7
Volunteers
64

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
11
$0
Total Directors
0
$0
Key Employees
1
$82,000
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Graham Dodge Executive Director 30
Key Emp Highest
$82,000 $0 $82,000
Jennifer Yang President 1
Officer
$0 $0 $0
Richard Leimbach Treasurer 1
Officer
$0 $0 $0
Vickie Slinkman Secretary 0.25
Officer
$0 $0 $0
DaVida Anderson Board member 0.25
Officer
$0 $0 $0
Gary Bowman Board member 0.25
Officer
$0 $0 $0
Christopher College Board Member 0.25
Officer
$0 $0 $0
Lindsey Franey Board member 0.25
Officer
$0 $0 $0
Vickie Mazer Board member 0.25
Officer
$0 $0 $0
Amy Booth Board Member 0.25
Officer
$0 $0 $0
Markus Proctor Board Member 0.25
Officer
$0 $0 $0
Dennis Twigg Board member 0.25
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 $339,123 $353,584 $43,917 $-14,461
2023 $363,756 $447,816 $63,289 $-84,060
2022 $407,674 $349,472 $143,339 $58,202
2021 $225,901 $298,799 $113,573 $-72,898
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