Energetics Technology Center Inc
- Assets
- $2.7m
- Revenue
- $10.9m
- Investments
- $0.0
- Employees
- 39
- Location
- Indian Head, MD
- Founding
- 05/2008
- Data as of
- 06/2022
- EIN
- 20-5601947
Organization Overview
Energetics Technology Center Inc is located in Indian Head, MD. The organization was established in 2008. According to its NTEE Classification (U20) the organization is classified as: General Science, under the broad grouping of Science & Technology and related organizations. As of 06/2022, Energetics Technology Center Inc employed 39 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Energetics Technology Center Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Energetics Technology Center Inc generated $10.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 20.8% each year . All expenses for the organization totaled $10.8m during the year ending 06/2022. While expenses have increased by 20.3% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
OPERATED PRIMARILY FOR SCIENTIFIC, EDUCATIONAL, CHARITABLE, OR SIMILAR PURPOSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TECHNICAL NAVAL RESEARCH IN THE AREA OF ENERGETICS AWARENESS. STUDY OF THE STATE OF THE ENERGETICS INDUSTRY WITHIN THE UNITED STATES AND DEVELOPMENT OF PLANS TO IMPROVE AND EXPAND. CREATION OF A TOOL TO DISTRIBUTE ENERGETICS INFORMATION WITHIN THE ENERGETICS ECOSYSTEM (02054).
OTHER PROGRAM SERVICES FOR RESEARCH, DEVELOPMENT, TEST & EVALUATION (RDT&E) ACHIEVEMENTS IN ENERGETICS, SCIENCE, AND TECHNOLOGY IN THE BOARD AREAS OF OTHER ONGOING PROGRAMS.
RESEARCH, DEVELOPMENT, TEST & EVALUATION (RDT&E) ACHIEVEMENTS IN ENERGETICS, SCIENCE AND TECHNOLOGY IN THE BROAD AREAS OF 1) TRAINING IN VIRTUAL ENVIRONMENTS, 2) FUTURE OF ENERGETICS, 3) ENERGETICS INFORMATICS, AND 4) WORKFORCE DEVELOPMENT. WORK RELATED TO AUTONOMOUS VEHICLE TESTING AND DATA COLLECTION. (02034).
THIS PROGRAM REPRESENTS EFFORTS UNDERTAKEN BY ETC TO SUPPORT NSWC IHD AS A PARTNERSHIP INTERMEDIARY. UNDER THIS PROGRAM, ETC SUPPORTS TECHNOLOGY TRANSFER, SBIR/STTR PROGRAM DEVELOPMENT, STEM PROGRAM DEVELOPMENT AND OTHER INNOVATION PROGRAM AND PARTNERSHIP DEVELOPMENT EFFORTS (02053).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Millard Firebaugh Chairman/treasurer | Trustee | 1 | $1,200 |
Ernest Mcduffie Vice-Chair | Trustee | 1 | $1,200 |
Robert Kavetsky Secretary & CEO | OfficerTrustee | 40 | $308,293 |
James Chambers Board Member | Trustee | 1 | $1,200 |
David Fries Board Member | Trustee | 1 | $1,200 |
Jill Smith Board Member | Trustee | 1 | $74,412 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mcfa Consulting | 6/29/22 | $919,120 |
Bessel Llc Consulting | 6/29/22 | $183,375 |
Defense Science & Technology Consultants Consulting | 6/29/22 | $174,000 |
Eugene T Lauer Consulting | 6/29/22 | $146,197 |
Emerson L Keslar Jr Consulting | 6/29/22 | $124,938 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $10,892,679 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,892,679 |
| Total Program Service Revenue | $0 |
| Investment income | $35 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,892,714 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,158,736 |
| Compensation of current officers, directors, key employees. | $493,368 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,442,766 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,018,891 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,399,595 |
| Advertising and promotion | $0 |
| Office expenses | $159,332 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $86,946 |
| Travel | $71,490 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,247 |
| Interest | $28,276 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $115,395 |
| Insurance | $11,745 |
| All other expenses | $2,139 |
| Total functional expenses | $10,759,101 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$44,344 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,150,676 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $98,674 |
| Net Land, buildings, and equipment | $496,670 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,415 |
| Total assets | $2,708,091 |
| Accounts payable and accrued expenses | $1,563,305 |
| Grants payable | $0 |
| Deferred revenue | -$5,857 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $342,938 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $713,658 |
| Total liabilities | $2,614,044 |
| Net assets without donor restrictions | $94,047 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,708,091 |