Innovative Concepts Inc.

Fiscal year ending 2024. Filed on October 20, 2025.

8639b 16th Street
Silver Spring, Maryland 20910

Innovative Concepts Inc. (EIN: 06-1816677) has filed an IRS Form 990 between fiscal years 2016 and 2024. In its fiscal year 2024 IRS Form 990 filing, Innovative Concepts Inc., a 501(c)(3) charitable organization, reported compensation for 1 out of 15 total employees. Among the employees shown here, the average compensation is $118,553. The highest compensated employee at Innovative Concepts Inc. is Michael Slaughter with fiscal year 2024 compensation of $118,553.

Revenue, expenses, and employee compensation

Revenue

$883,953

Expenses

$801,247

Employee compensation

$479,296
Revenue, expenses, and employee compensation over time

Mission Statement

INNOVATIVE CONCEPTS, INC. PROVIDES RESIDENTIAL SERVICES TO INDIVIDUALS WITH INTELLECTUAL AND DEVELOPMENTAL DISSABILITIES. ITS SERVICES CONSIST OF BASIC HOUSING FACILITIES, VOCATIONAL AND MENTORSHIP PROGRAMS.

Revisions to this organization profile

October 20, 2025:
2024 Innovative Concepts Inc. 990 filed
November 12, 2024:
2023 Innovative Concepts Inc. 990 filed
November 6, 2023:
2022 Innovative Concepts Inc. 990 filed

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