Totals
- Total revenue
- $193,672
- Total expenses
- $386,616
- Contributions and grants received
- $193,672
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $503,887
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $503,887
- Program services expenses (Part IX)
- $312,520
- Management and general expenses
- $62,380
- Fundraising expenses
- $11,716
- Program service expenses (Part III)
- $312,520
Program services were 80.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1a · Federated campaigns
$193,672
Functional expenses
Part IX, the statement of functional expenses.
-
11b · Fees: legal
total $3,100 · management and general $3,100
-
11g · Fees: other
total $356,572 · program services $291,249 · management and general $55,526 · fundraising $9,797
-
12 · Advertising and promotion
total $19,105 · program services $17,194 · fundraising $1,911
-
13 · Office expenses
total $7,507 · program services $3,753 · management and general $3,754
-
17 · Travel
total $15 · program services $7 · fundraising $8
-
23 · Insurance
total $317 · program services $317
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $722,727 · end of year $503,887
-
17 · Accounts payable and accrued expenses
beginning of year $22,500
-
25 · Other liabilities
beginning of year -$332
-
27 · Net assets without donor restrictions
beginning of year $700,559 · end of year $503,887
Mission and programs · 2024
Mission
TO ADVANCE INNOVATION AND ENTREPRENEURSHIP IN THE MONTGOMERY REGION THROUGH EDUCATION, ACCELERATION, AND INCUBATION.
-
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. OUR PROGRAMS HAVE PROVIDED PARTICIPANTS WITH COACHING, INDUSTRY MENTORS FROM REGIONAL ORGANIZATIONS, AND SUPPORT IN POSITIONING THEIR TECHNOLOGY AND SERVICE SOLUTIONS AGAINST REAL-LIFE APPLICATIONS. COMPANIES PARTICIPATING IN OUR ACCELERATOR PROGRAMS ARE PROVIDED INCUBATION SUPPORT IN THE LAB ON DEXTER, A STATE-OF-THE-ART COWORKING FACILITY IN DOWNTOWN MONTGOMERY.
Expenses $312,520
As filed on the 2024 return.
Listed in Part VII
-
Kevin MondsKEVIN MONDS
DIRECTOR
- Total calculated
- $0
-
Marcus ShawMARCUS SHAW
EXECUTIVE DI
- Total calculated
- $0
-
Jabali WilliamsJABALI WILLIAMS
DIRECTOR
- Total calculated
- $0
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 13 November 2025
- IRS schema version
- 2024v5.0
- Source object
- 202523219349319102
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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