Frederick Innovative Technology Center INC

Public charityFed auditsIRS 990

DBA: % MICHAEL DAILEY

Community Development · FREDERICK, MD · EIN 20-1262262

Overview Money In Money Out People Audits Positions Interview Endorsements

Federal Audit History

Single audits filed with the Federal Audit Clearinghouse

$5.7M in federal awards expended in FY2024

Year	Federal $ expended	Auditor	Opinion	Flags
2024	$5.7M	Citrin Cooperman & Company, LLP	Unmodified (clean)	Material weakness

Federal Programs

Top programs · FY2024

Program	Agency	Expended	Major program
Economic Adjustment Assistance via Economic Development Administration	Commerce	$4.5M	Yes
Congressional Grants	SBA	$815K	Yes
Coronavirus State and Local Fiscal Recovery Funds via City of Frederick	Treasury	$205K	No
Build to Scale via Economic Development Administration	Commerce	$104K	No
Coronavirus State and Local Fiscal Recovery Funds via City of Frederick	Treasury	$87K	No
Cluster Grants via Economic Development Administration	Commerce	$15K	No

Source: Federal Audit Clearinghouse single audits (required of organizations expending $1,000,000+ in federal awards per year for fiscal years beginning on or after Oct 1, 2024; $750,000 before).