Maryland · Nonprofit
BOWIE BUSINESS INNOVATION CENTER INC
BOWIE BUSINESS INNOVATION CENTER INC (Maryland) receives grants from 4 organizations whose IRS filings report $471,500 to it, the largest being CAPITAL ONE FOUNDATION INC ($350,000). 2 of them have funded it in more than one year.
- Revenue FY2024
- $1.2M
- Funders on record
- 4
- Grants received
- $472k
- Net assets
- $2.5M
What Bowie Business Innovation Center Inc does
Mission
Accelerate company growth, innovation and job generation in the city of bowie and prince georges county through a coordinated program of business counseling, mentoring and networking to drive business scale-up, along with access to facilities and meeting space.
As stated on its FY2024 Form 990.
Program
The bowie business innovation center (bowie bic) is a business accelerator program where technology companies and government contractors in the city of bowie and prince georges county access mentoring, technical assistance, counseling and connections to partnerss and capital to accelerate their business growth. Headquartered at the center for business at bowie state university, bowie bic is the only business accelerator in maryland located at a historically black college (hbcu) in 2023, bowie bics 107 accelerator program clients and graduates report generating jobs, xxxxx million in revenues, and supporting xxx internships for bowie state university students. We also assisted county entrepreneurs, who participated in on-site training and counseling programs, in 2021, center of excellence for 8(a) was established through a partnership between bsu and bowie bic. The center will expand the bowie bic 8(a) accelerator program model through americas hbcu network. The center will provide procurement capture strategy training, 8(a) mentorship programs, access to legal expertise in government contracting, and new opportunities for student internships and faculty researchers. The center…
$1,157,403 spent$1,065,000 earned by the program100% of program spending
The program described on its FY2024 Form 990. Program spending in total: $1,157,403.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2021 to 2022, from $387k to $3.4M (+779%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2018 65% · 2019 69% · 2020 74% · 2021 76% · 2022 97% · 2023 70% · 2024 1%. Grants only. Government contracts and fees sit inside program revenue.
94% of BOWIE BUSINESS INNOVATION CENTER INC’s revenue is contributions — more donation-reliant than the typical peer (48% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 4 of the last 8 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Chief executive
June Evans
Executive director
Board chair
Jesse Buggs
Chair
As listed on its FY2024 Form 990.
The chief executive listed changed between the FY2021 and FY2022 filings.
Who funds it, year by year
2022 → 2023: the base held at 1 funder, grant income held at $15k.
From the IRS filings of BOWIE BUSINESS INNOVATION CENTER INC’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
BOWIE BUSINESS INNOVATION CENTER INC leans on a few funders — its largest provides 74% of grant income and the top three 97%; half comes from just 1 funder.
the vertical line marks half of all grant income — 1 funder to its left
Largest funder’s share by year: 2022 100% · 2023 100% — broadly stable.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Where its funders are
BOWIE BUSINESS INNOVATION CENTER INC draws 97% of its grant income from funders outside Maryland, across 4 states in all.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
BOWIE BUSINESS INNOVATION CENTER INC holds deeper cash reserves than three-quarters of the 11,752 education nonprofits its size.
this organization peer median middle 50% of peers· 11,752 education nonprofits $1M–$10M, FY2024
Government funding BOWIE BUSINESS INNOVATION CENTER INC receives
Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $3.0M on record.
- Small Business Administration$3.0M
Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.
Organizations like BOWIE BUSINESS INNOVATION CENTER INC
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In Maryland
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
95% of spending goes to programs.
Governance
Public support
100%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Screen this organization
A dated, signed PDF of the compliance screen for BOWIE BUSINESS INNOVATION CENTER INC: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds BOWIE BUSINESS INNOVATION CENTER INC?
- BOWIE BUSINESS INNOVATION CENTER INC (Maryland) receives grants from 4 organizations whose IRS filings report $471,500 to it, the largest being CAPITAL ONE FOUNDATION INC ($350,000). 2 of them have funded it in more than one year.
- How many funders does BOWIE BUSINESS INNOVATION CENTER INC have?
- IRS filings report 4 organizations giving $471,500 in grants to BOWIE BUSINESS INNOVATION CENTER INC, 2 of which have funded it in more than one year.
- Who is the largest funder of BOWIE BUSINESS INNOVATION CENTER INC?
- CAPITAL ONE FOUNDATION INC is the largest funder on record, with $350,000 in grants. The full list of funders is on this page.
- How can an organization like BOWIE BUSINESS INNOVATION CENTER INC find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Maryland. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
Play a game about who funds Bowie Business Innovation Center →
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2017–2024), and the filings of 4 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing