2024-02-13T08:00:00-06:00 2023-06-30 410746749 CLIFTONLARSONALLEN LLP 901 NORTH GLEBE ROAD SUITE 200 ARLINGTON VA 22203 990 2022-07-01 521777737 MARYLANDISRAEL DEVELOPMENT CENTER INC MARY 4103699238 401 EAST PRATT STREET BALTIMORE MD 21202 DAVID SPEER EXECUTIVE DIRECTOR 4103699238 2024-01-22 1 DAVID SPEER 999009999 0 ROBERT WILLIAMS P01345960 5712279500 2024-01-22 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z DAVID SPEER 401 EAST PRATT STREET BALTIMORE MD 21202 541803 0 X WWW.MARYLANDISRAEL.ORG X 1992 MD TO FOSTER BILATERAL ECONOMIC DEVELOPMENT BETWEEN ISRAEL AND MARYLAND. 13 13 2 30 0 0 463857 443092 82497 88232 16550 10479 0 0 562904 541803 0 0 0 0 359460 264155 0 0 61920 182147 184006 541607 448161 21297 93642 1286254 1394101 117411 102150 1168843 1291951 THE MARYLAND/ISRAEL DEVELOPMENT CENTER IS A NON-PROFIT MEMBERSHIP ORGANIZATION THAT PROMOTES TRADE AND INVESTMENT BETWEEN MARYLAND AND ISRAELI COMPANIES. MIDC PROVIDES EDUCATIONAL PROGRAMS ABOUT THE ECONOMICS OF THE STATE OF MARYLAND AND ISRAEL. 0 0 123405 43031 BUSINESS DEVELOPMENT/COMMUNITY DEVELOPMENT/MEMBERSHIPS - THE MIDC HAS AN ALLIANCE WITH OTHER ORGANIZATIONS WITH THE MISSION OF HELPING CREATE JOBS IN BOTH BUSINESS DEVELOPMENT MARYLAND AND ISRAELI COMMUNITIES BY PROMOTING BI-LATERAL TRADE AND INVESTMENT. THE MIDC HAS A MEMBERSHIP PROGRAM TO PROVIDE MARYLAND COMPANIES WITH ACCESS TO ISRAELI FIRMS WHO WISH TO INTERACT THROUGH ECONOMIC, SCIENTIFIC AND/OR TECHNOLOGICAL COLLABORATION.THE MIDC ALSO HELD A 30TH ANNIVERSARY CELEBRATION AND CELEBRATION OF RETIREMENT OF BARRY BOGAGE - JUNE 12 PROGRAM INCLUDING OVER 120 PEOPLE FOR OUR FIRST IN-PERSON PROGRAM SINCE THE START OF THE COVID PANDEMIC. 73708 2171 ISRAEL'S 75TH BIRTHDAY CELEBRATION - EVENTS HELD DURING THE YEAR TO CELEBRATE THE 75TH BIRTHDAY OF ISRAEL 61704 43030 WEBINAR SERIES - CONTINUING OUR WEBINAR SERIES FOCUSING ON EMERGING TECHNOLOGIES AND CURRENT EVENTS IN ISRAEL AND MARYLAND. 258817 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 4 0 2 1 0 0 0 0 0 0 0 0 0 0 0 0 X 13 13 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 0 0 0 MD X CONNIE STERN 4103699214 101 WEST MOUNT ROYAL AVENUE BALTIMORE MD 21201 DAVID KUNTZ CHAIR 1.00 X X 0 0 0 JAY RADOV TREASURER 1.00 X X 0 0 0 NATALIE GUTMAN-CHEN DIRECTOR 1.00 X 0 0 0 MARK DAVIS DIRECTOR 1.00 X 0 0 0 STEVE DUBIN DIRECTOR 1.00 X 0 0 0 HOWARD FELDMAN DIRECTOR 1.00 X 0 0 0 YAIR FLICKER DIRECTOR 1.00 X 0 0 0 JAMES HUGHES DIRECTOR 1.00 X 0 0 0 GAIL JAVITT DIRECTOR 1.00 X 0 0 0 ALVIN KATZ DIRECTOR 1.00 X 0 0 0 KAREN MANDELBAUM DIRECTOR 1.00 X 0 0 0 HANAN SIBEL DIRECTOR 1.00 X 0 0 0 KEVIN ANDERSON DIRECTOR 1.00 X 0 0 0 DAVID SPEER EXECUTIVE DIRECTOR 40.00 X 110121 0 2660 NANCY BOGUSLAW DEPUTY DIRECTOR 40.00 X 102679 0 12158 212800 0 14818 2 0 0 0 0 318200 124892 443092 MEMBERSHIP REVENUE 900099 86061 86061 PROGRAM FEES 900099 2171 2171 88232 10479 10479 541803 88232 0 10479 X 223034 138281 33455 51298 25135 15113 3770 6252 994 602 149 243 268 145 40 83 14724 9099 2209 3416 38000 16890 21110 8144 8144 52836 23485 29351 30000 30000 284 180 41 63 20109 8109 12000 132 132 2478 1562 372 544 97 61 15 21 6000 6000 PROGRAM EXPENSE 15290 15290 SUBSCRIPTIONS AND DUES 5600 5600 EXECUTIVE DISCRETIONARY 5036 5036 448161 258817 127424 61920 322273 221275 151435 318597 3712 0 2621 2621 0 0 808834 840636 13593 1286254 1394101 12204 14759 48670 37391 56537 50000 117411 102150 X 1111668 1234776 57175 57175 1168843 1291951 1286254 1394101 93642 29466 0 X 1 X 0 0 0 X 627933 453655 498570 463857 443092 2487107 184935 161057 66150 82497 88232 582871 13120 12288 12288 12288 12289 62273 825988 627000 577008 558642 543613 3132251 7875 4100 11975 16604 53695 8268 8496 8918 95981 16604 53695 16143 8496 13018 107956 3024295 7992 10864 9629 16550 10479 55514 7992 10864 9629 16550 10479 55514 833980 637864 586637 575192 554092 3187765 0.94870 0.95170 0.01740 0.01590 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 808834 39946 8144 840636 973581 -113233 -42085 9429 808834 743624 238221 8264 973581 590620 140000 19529 6525 743624 581387 14974 5741 590620 1.00000 1 0 2621 2621 0 0 INVESTMENT IN JEWISH COMMUNITY INVESTMENT FUND 840636 C 840636 REFUNDABLE ADVANCE 50000 50000 575414 29466 12289 41755 533659 8144 8144 541803 452306 12289 12289 440017 8144 8144 448161 PART V, LINE 4: FUNDS ARE TO BE USED AS A RESERVE FOR THE FUTURE. MIDDLE EAST AND NORTH AFRICA - ALGERIA, BAHRAIN, DJIBOUTI, EGYPT, 0 1 PROGRAM SERVICES TO PROMOTE ISRAELI COMPANIES TO DO BUSINESS WITH COMPANIES IN MD. 28375 0 1 0 0 0 1 28375 0 28375 0 0 0 0 0 0 PART III ACCOUNTING METHOD: FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE SHALL CONSIST OF THE CHAIRPERSON, THE EXECUTIVE DIRECTOR, THE TREASURER, AND SUCH OTHER PERSONS AS MAY BE APPOINTED BY THE CHAIRPERSON. THE EXECUTIVE COMMITTEE SHALL HAVE AND MAY EXERCISE ALL THE AUTHORITY OF THE BOARD OF DIRECTORS NOT PROHIBITED BY LAW, THE CHARTER, OR THESE BY-LAWS, INCLUDING, BUT NOT LIMITED TO, AUTHORIZING THE SEAL OF THE CENTER TO BE AFFIXED TO ALL PAPERS THAT MAY REQUIRE IT AND AUTHORIZING, BY RESOLUTION, AN OFFICER TO ACT ON BEHALF OF THE CENTER. WHENEVER THE BOARD OF DIRECTORS IS NOT IN SESSION, THE EXECUTIVE COMMITTEE SHALL SUPERVISE AND REVIEW THE ACTIONS OF THE OFFICERS OF THE CENTER IN ALL MATTERS CONCERNING THE MANAGEMENT OF THE CENTER AND ITS AFFAIRS. THE EXECUTIVE COMMITTEE SHALL KEEP WRITTEN MINUTES OF ITS PROCEEDINGS AND SHALL REPORT SUCH MINUTES TO THE BOARD OF DIRECTORS AT THE NEXT MEETING OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE EXECUTIVE DIRECTOR AND THE TREASURER BEFORE IT IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY, ALL KEY INDIVIDUALS AT THE ORGANIZATION INCLUDING DIRECTORS, COMMITTEE MEMBERS, AND EMPLOYEES IN A POSITION TO INFLUENCE OR VOTE ON POLICY OR EXPENDITURES ARE REQUIRED TO COMPLETE AND SIGN A DISCLOSURE STATEMENT. IF A CONFLICT OR POTENTIAL CONFLICT ARISES, THE KEY INDIVIDUAL SHALL PROVIDE A FULL DISCLOSURE, IN WRITING, OF THE RELATIONSHIP OR INTEREST TO THE CHAIRMAN OF THE BOARD AND TO THE CHAIRMAN OF ANY COMMITTEE ACTING ON THE CONTRACT OR TRANSACTION PRIOR TO DISCUSSION OR ACTION ON SUCH CONTRACT TRANSACTION. STAFF MEMBERS HALL DISCLOSE ANY CONFLICT FOR THEMSELVES OR A FAMILY MEMBER TO THE EXECUTIVE DIRECTOR. IF THERE IS A CONFLICT, THAT PERSON SHALL VACATE THE ROOM IN WHICH THE MATTER IS BEING VOTED UPON AND SHALL NOT PARTICIPATE IN THE FINAL DELIBERATION OR DECISION REGARDING THE MATTER OTHER THAN TO ANSWER QUESTIONS OR PROVIDE FACTUAL INFORMATION. THE MINUTES OF THE MEETING SHALL REFLECT THE CONFLICT DISCLOSURE WAS MADE, THE VOTE TAKEN, AND WHERE APPLICABLE, THE ABSTENTION OF VOTING AND PARTICIPATION OF THE KEY INDIVIDUAL. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND THE FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D). FORM 990, PART IX, LINE 11G CONSULTING FEES: PROGRAM SERVICE EXPENSES 17,946. MANAGEMENT AND GENERAL EXPENSES 22,429. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 40,375. ASSOCIATED INFRASTRUCTURE HR: PROGRAM SERVICE EXPENSES 4,445. MANAGEMENT AND GENERAL EXPENSES 5,555. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 10,000. BANK FEES: PROGRAM SERVICE EXPENSES 1,005. MANAGEMENT AND GENERAL EXPENSES 1,256. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,261. ASSOCIATED INFRASTRUCTURE RISK MANAGEMENT: PROGRAM SERVICE EXPENSES 89. MANAGEMENT AND GENERAL EXPENSES 111. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 200.