2024-05-14T10:43:58-05:00 2023-06-30 521392008 GELMAN ROSENBERG & FREEDMAN 4550 MONTGOMERY AVE SUITE 800N BETHESDA MD 208142930 990 2022-07-01 521900080 MARYLAND HEALTH CARE PRODUCT DEVELOPMENT CORPORATION MARY 2402434026 12 W CHURCH STREET 220 FREDERICK MD 21701 KELLY SCHULZ CEO 2402434026 2024-05-14 1 KELLY SCHULZ 999009999 0 RICHARD J LOCASTRO CPA P00288314 3019519090 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z KELLY SCHULZ 12 W CHURCH STREET 220 FREDERICK MD 21701 0 0 X WWW.TECHCOUNCILMD.COM X 1994 MD TO CREATE VIABLE NEW HEALTH CARE PRODUCTS AND BUSINESSES IN MARYLAND AND THE SURROUNDING REGION. 3 3 0 2 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 6807 5971 6807 5971 -6807 -5971 2764108 2764108 13389 19360 2750719 2744748 TO SUPPORT THE COMMERCIALIZATION OF EXISTING TECHNOLOGIES AND TO CREATE VIABLE NEW HEALTH CARE PRODUCTS AND BUSINESSES IN MARYLAND AND THE SURROUNDING REGION. 0 0 BUILD STRONGER TECHNOLOGY AND LIFE SCIENCE COMMUNITIES IN MARYLAND BY NURTURING A HEALTHY AND VIBRANT ENVIRONMENT WHERE MEMBERS CAN CONNECT AND PROSPER. 1 0 0 0 0 0 0 0 0 0 1 0 1 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 3 3 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 X KELLY SCHULZ 2402434026 12 W CHURCH STREET 220 FREDERICK MD 21701 STEVEN L MELTZER DIRECTOR 1.00 10.00 X 0 0 0 EDGAR C HARRELL DIRECTOR 1.00 0.00 X 0 0 0 MICHELLE FERRONE DIRECTOR 1.00 40.00 X 0 181559 21796 MARTIN ROSENDALE CEO (UNTIL 10/22) 1.00 40.50 X 0 231547 17919 KELLY SCHULZ CEO (FROM 11/22) 1.00 40.50 X 0 40000 400 0 453106 40115 0 0 1 0 0 0 0 0 0 466 466 3050 3050 2455 2455 5971 0 5971 0 415 415 0 0 2764108 2764108 2764108 2764108 13389 19360 13389 19360 X 2750719 2744748 2750719 2744748 2764108 2764108 -5971 0 X 0 1 X 1 0 X X X 1 TECHNOLOGY COUNCIL OF MARYLAND INC 204950778 10 1 0 0 1 0 0 1 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 PART IV, SECTION A, LINE 3B: A PUBLIC SUPPORT TEST WORKSHEET IS PREPARED IN ACCORDANCE WITH THE REQUIREMENTS OF IRC SECTION 509(A)(2). PART IV, SECTION A, LINE 3C: MHCPDC DOES NOT PROVIDE DIRECT SUPPORT TO ITS SUPPORTED ORGANIZATION. RATHER, IT PURSUES CHARITABLE PURPOSES THAT FURTHER THE PURPOSE OF THE ORGANIZATION IT SUPPORTS. 415 415 0 0 INVESTMENT PRIVATE COMPANIES 2764108 C 2764108 DUE TO MTC 19360 19360 X 0 0 0 0 0 5971 0 5971 0 5971 PART X, LINE 2: FOR THE YEARS ENDED JUNE 30, 2023 AND 2022, THE COUNCIL HAS DOCUMENTED ITS CONSIDERATION OF FASB ASC 740-10, INCOME TAXES, THAT PROVIDES GUIDANCE FOR REPORTING UNCERTAINTY IN INCOME TAXES AND HAS DETERMINED THAT NO MATERIAL UNCERTAIN TAX POSITIONS QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS. 0 0 0 0 0 0 0 0 0 MARTIN ROSENDALE CEO (UNTIL 10/22) 0 207547 0 24000 0 0 0 8320 0 9599 0 249466 0 0 MICHELLE FERRONE DIRECTOR 0 165559 0 16000 0 0 0 6650 0 15146 0 203355 0 0 PART I, LINE 3 MARYLAND HEALTH CARE PRODUCT DEVELOPMENT CORPORATION DOES NOT HAVE ITS OWN STAFF AND RELIED ON TECHNOLOGY COUNCIL OF MARYLAND, A RELATED ORGANIZATION, TO DETERMINE COMPENSATION. TECHNOLOGY COUNCIL OF MARYLAND USED THE FOLLOWING METHODS TO DETERMINE COMPENSATION: - COMPENSATION SURVEY OR STUDY - APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE FORM 990, PART VI, SECTION B, LINE 11B THE REVIEW OF THE 990 IS CONDUCTED BY THE ORGANIZATION'S ACCOUNTANT. UPON COMPLETION IT IS FORWARDED TO THE CEO AND THEN PASSED ALONG TO THE BOARD OF DIRECTORS, HIGHLIGHTING AREAS OF SIGNIFICANCE. THE BOARD OF DIRECTORS PROVIDES ITS REVIEW AND COMMUNICATES TO MHCPDC'S MANAGEMENT THAT THE 990 CAN BE FINALIZED. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS FORWARDED TO EACH OF THE BOARD OF DIRECTORS ANNUALLY. IT MUST BE REVIEWED AND SIGNED BY BOTH THE NEW AND THE EXISTING DIRECTORS. FORM 990, PART VI, SECTION B, LINE 15 THE MARYLAND HEALTHCARE PRODUCT DEVELOPMENT CORPORATION (MHCPDC) DOES NOT DIRECTLY HIRE OR COMPENSATE EMPLOYEES. WORK FOR THE ORGANIZATION IS PERFORMED BY EMPLOYEES OF THE MARYLAND TECHNOLOGY COUNCIL, INC. (MTC), AN AFFILIATED ORGANIZATION EXEMPT UNDER SECTION 501(C)(6), AND THE COST OF THEIR SALARIES AND FRINGE BENEFITS ARE DIRECTLY ALLOCATED TO MHCPDC AND REPORTED AS PROFESSIONAL MANAGEMENT FEES. NO ALLOCATION OF SALARIES OR BENEFITS WAS MADE DURING THE CURRENT YEAR. FORM 990, PART VI, SECTION C, LINE 19 MHCPDC MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. TECHNOLOGY COUNCIL OF MARYLAND INC 12 W CHURCH STREET FREDERICK MD 21701 204950778 TO PROMOTE ITS MEMBERS IN THE ADVANCED TECHNOLOGY AND BIOTECH INDUSTRIES MD 501(C)(6) N/A 0 TECHNOLOGY COUNCIL OF MARYLAND FOUNDATION INC 12 W CHURCH STREET FREDERICK MD 21701 521480346 TO GENERATE STEM RELATED PROGRAMS AND EDUCATIONAL MATERIALS MD 501(C)(3) LINE 12A, I TECHNOLOGY COUNCIL OF MARYLAND INC 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 TECHNOLOGY COUNCIL OF MARYLAND E 19360 ACTUAL AMOUNT TECHNOLOGY COUNCIL OF MARYLAND P 5971 ACTUAL AMOUNT