2026-04-02T14:56:17-05:00 2025-06-30 410746749 CLIFTONLARSONALLEN LLP TWO INTERNATIONAL PLACE 22ND FLOOR BOSTON MA 02110 990 2024-07-01 521777737 MARYLANDISRAEL DEVELOPMENT CENTER INC MARY 4103699238 401 EAST PRATT STREET BALTIMORE MD 21202 DAVID SPEER EXECUTIVE DIRECTOR 4103699238 2026-03-23 1 1 KATARZYNA O PADZIK P02268641 7819821001 2026-03-23 2024 2025-03-06 01:10:19Z DAVID SPEER 401 EAST PRATT STREET BALTIMORE MD 21202 523602 0 X WWW.MARYLANDISRAEL.ORG X 1992 MD TO FOSTER BILATERAL ECONOMIC DEVELOPMENT BETWEEN ISRAEL AND MARYLAND. 18 17 3 30 0 0 480848 438383 73852 71475 14498 13744 155 0 569353 523602 0 0 0 0 242856 309263 0 0 63136 169708 199821 412564 509084 156789 14518 1640804 1734002 117529 86878 1523275 1647124 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 216302 0 35737 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. 72100 0 35738 WEBINAR SERIES - CONTINUING OUR WEBINAR SERIES FOCUSING ON EMERGING TECHNOLOGIES AND CURRENT EVENTS IN ISRAEL AND MARYLAND. 288402 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 X 1 0 1 3 1 0 0 0 0 0 0 0 0 0 0 0 0 X 18 17 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 0 0 0 MD X SAM KLEIN 4107274828 5700 PARK HEIGHTS AVENUE BALTIMORE MD 21215 DAVID SPEER EXECUTIVE DIRECTOR 40.00 X X 116765 0 3567 DAVID KUNTZ CHAIR 1.00 X X 0 0 0 JAY RADOV TREASURER 1.00 X X 0 0 0 ELDAR AHARONOVICH DIRECTOR 1.00 X 0 0 0 KEVIN ANDERSON DIRECTOR 1.00 X 0 0 0 MARK DAVIS 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 NINA ROSENZWOG DIRECTOR 1.00 X 0 0 0 CHARLES RUBIN DIRECTOR 1.00 X 0 0 0 YOAV SAIDEL DIRECTOR 1.00 X 0 0 0 DARA SCHNEE DIRECTOR 1.00 X 0 0 0 HANAN SIBEL DIRECTOR 1.00 X 0 0 0 JAY STEINMETZ DIRECTOR 1.00 X 0 0 0 STEVE DUBIN DIRECTOR (UNTIL 09/24) 1.00 X 0 0 0 NATALIE GUTMAN-CHEN DIRECTOR (UNTIL 09/24) 1.00 X 0 0 0 NANCY BOGUSLAW DEPUTY DIRECTOR 40.00 X 106490 0 5340 223255 0 8907 2 0 0 0 0 320980 117403 438383 MEMBERSHIP REVENUE 900099 71475 71475 71475 13744 13744 523602 71475 0 13744 X 240473 146672 36149 57652 45049 38369 6680 1477 1244 221 12 821 571 123 127 21443 13918 3216 4309 1868 1868 17668 17668 9619 9619 75329 26830 48499 33575 33374 86 115 13688 10832 2345 511 20005 3505 16500 903 903 896 583 134 179 9348 9058 124 166 9000 9000 SUBSCRIPTIONS AND DUES 3912 3912 SECURITY 325 211 49 65 3685 3235 450 509084 288402 157546 63136 351449 42989 321200 642031 11561 14470 2621 2621 0 0 921057 1034512 35537 0 1640804 1734002 21104 46425 35050 50000 51828 117529 86878 X 1466100 1589949 57175 57175 1523275 1647124 1640804 1734002 14518 109331 0 X 1 X 0 0 0 X 498570 463857 443092 480848 438383 2324750 66150 82497 88232 73852 71475 382206 12288 12288 12289 12288 49153 577008 558642 543613 566988 509858 2756109 7875 4100 5400 5300 22675 8268 8496 8918 20552 4764 50998 16143 8496 13018 25952 10064 73673 2682436 9629 16550 10479 14498 13744 64900 9629 16550 10479 14498 13744 64900 155 155 586637 575192 554092 581641 523602 2821164 0.95080 0.93890 0.02300 0.02110 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2023 AMOUNT: $ 155. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1034512 1034512 840636 89033 8612 921057 808834 39946 8144 840636 973581 -113233 -42085 9429 808834 743624 238221 8264 973581 0.00000 0.00000 0.00000 1 0 2621 2621 0 0 INVESTMENT IN JEWISH COMMUNITY INVESTMENT FUND 1034512 F 1034512 REFUNDABLE ADVANCE 50000 DUE TO THE ASSOCIATED 1828 51828 PART V, LINE 4: DURING THE 2025 TAX YEAR, IT WAS DETERMINED THAT THE AMOUNTS REPORTED IN PRIOR YEARS DO NOT REPRESENT EITHER TERM OR PERMANENT ENDOWMENTS. THEREFORE, THESE FUNDS ARE NOT REQUIRED TO BE REPORTED IN SCHEDULE D, PART V AND THE BALANCE AS OF JUNE 30, 2025 WAS ADJUSTED TO REFLECT NO ENDOWMENT. MIDDLE EAST AND NORTH AFRICA 0 1 PROGRAM SERVICES TO PROMOTE ISRAELI COMPANIES TO DO BUSINESS WITH COMPANIES IN MD. 23750 0 1 0 0 0 1 23750 0 23750 0 0 0 0 0 0 FORM 990, PART V, LINE 2A: THE NUMBER OF EMPLOYEES LISTED AS BEING ON FORM W-3 IS THE TOTAL EMPLOYEE COUNT FOR THE FILING ORGANIZATION. THE ORGANIZATON'S EMPLOYEES ARE INCLUDED IN AN UNRELATED, AFFILIATED SECTION 501(C)(3) ORGANIZATION'S FORM W-3 AS THE COMMON PAYMASTER AND THEIR SALARIES ARE REIMBURSED BY THE FILING ORGANIZATION TO THE UNRELATED ORGANIZATION. THE UNRELATED ORGANIZATION PROVIDES ADMINISTRATIVE SERVICES TO THE FILING ORGANIZATION. 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 OTHER FEES: PROGRAM SERVICE EXPENSES 26,830. MANAGEMENT AND GENERAL EXPENSES 48,499. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 75,329.