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Filing year 2023

INNOVATIVE CONCEPTS INC

Silver Spring, Maryland·EIN 06-1816677·NTEE J22 · Employment·501(c)(3)
Total revenue
$654k
Total assets
$45k
Total expenses
$659k
Reported officers
3
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.

Executive compensation

Form 990 · Part VII & Schedule J · 1 reported individual · Filing year 2023

Percentile bands compare each position's total pay with the same role at Employment organizations in Maryland.

President
10th to 25th percentile
$53k
$59k

Teal figures restate each filed amount in 2026 dollars.

Estimated with Washington-Arlington-Alexandria, DC-VA-MD-WV metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 2 unpaid individuals.

Browse compensation in Employment

Pay in context

Top pay as a share of expenses

In 2023, the highest total compensation at INNOVATIVE CONCEPTS INC equaled 8% of the organization's total expenses. The median for employment organizations is 7%.

This organization (2023)
8%
Sector median
7%
Middle half of sector
3% to 16%

Based on 3,624 employment organizations, each measured at its most recent filing year with reported expenses and compensation.

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

FAQ

Common questions about INNOVATIVE CONCEPTS INC

What does the Chief Executive Officer of INNOVATIVE CONCEPTS INC earn?

In 2023, the Chief Executive Officer of INNOVATIVE CONCEPTS INC received $53,450 in total compensation. This pay is in the bottom quarter for Chief Executive Officer roles among Employment organizations in Maryland, above the lowest 10% of comparable filings. Based on IRS Form 990 data.

How does Chief Executive Officer pay at INNOVATIVE CONCEPTS INC compare with similar nonprofits?

Compared with the same role at Employment organizations in Maryland, the 2023 pay of the Chief Executive Officer at INNOVATIVE CONCEPTS INC falls between the 10th and 25th percentiles. In 2023, the highest total compensation at INNOVATIVE CONCEPTS INC equaled 8% of the organization's total expenses. The median for employment organizations is 7%.

What are INNOVATIVE CONCEPTS INC's revenue and expenses?

In 2023, INNOVATIVE CONCEPTS INC reported $654k in total revenue and $659k in total expenses on its IRS Form 990.

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