2021-05-14T15:05:05-05:00 2020-06-30 221478099 COHNREZNICK LLP 7501 WISCONSIN AVENUE SUITE 400E BETHESDA MD 20814 990 2019-07-01 463553839 BUSINESS NETWORK FOR MARYLAND OFFSHORE WIND INC BUSI 4436523242 22 W PENNSYLVANIA AVENUE STE 600 TOWSON MD 21204 ELIZABETH BURDOCK EXECUTIVE DIRECTOR 4436523242 2021-05-14 1 GLENN M SHELTON P00228007 3016529100 2021-05-14 2019 2022-09-23 18:48:47Z ELIZABETH BURDOCK 22 W PENNSYLVANIA AVENUE STE 600 TOWSON MD 21204 2284431 0 X WWW.OFFSHOREWINDUS.ORG X 2013 MD THE PURPOSE OF THE ORGANIZATION IS TO EXPAND PUBLIC AND PRIVATE SECTOR KNOWLEDGE, EXPERTISE AND CONTRACTS FOR THE OFFSHORE WIND INDUSTRY. 17 16 16 0 0 0 738511 164000 2297643 2120252 74 179 0 0 3036228 2284431 0 0 0 0 547193 1222083 0 0 0 1984803 1069714 2531996 2291797 504232 -7366 1970421 2542835 359336 899526 1611085 1643309 X THE PURPOSE OF THE ORGANIZATION IS TO EXPAND PUBLIC AND PRIVATE SECTOR KNOWLEDGE, EXPERTISE AND CONTACTS FOR THE OFFSHORE WIND INDUSTRY SO THAT THEY MAY PARTICIPATE IN THE GLOBAL OFFSHORE WIND SUPPLY CHAIN AND MAXIMIZE MEMBER PARTICIPATION IN THE DEVELOPMENT, CONSTRUCTION, MAINTENANCE AND OPERATION OF THE OFFSHORE WIND INDUSTRY AND COMPLIMENTARY BASED PROJECTS. 0 0 421614 1422431 BUSINESS NETWORK FOR OFFSHORE WIND IS USING ITS EDUCATIONAL INITIATIVES: INTERNATIONAL EDUCATIONAL TOURS, EXCHANGES WITH INTERNATIONAL GOVERNMENTS, WEBINARS, ANNUAL MEETINGS AND ITS ANNUAL INTERNATIONAL PARTNERING FORUM TO EDUCATE ON THE TOPIC OF OFFSHORE WIND. THE ORGANIZATION BRINGS TOGETHER TOP DEVELOPERS, POLICYMAKERS, GLOBAL EXPERTS, AND LOCAL MEMBER BUSINESSES IN STRUCTURED SETTINGS TO PROVIDE TECHNICAL TRAINING AND EXPERTISE. ITS GOAL IS TO EDUCATE AND TO ADVANCE THE DEVELOPMENT OF THE OFFSHORE WIND INDUSTRY AND CREATE A COMPETITIVE UNITED STATES SUPPLY CHAIN. 999272 THE ORGANIZATION'S GOAL IS FOR THE UNITED STATES TO HAVE A STRONG OFFSHORE WIND SUPPLY CHAIN THAT HAS A LEADING ROLE IN THE EVOLVING GLOBAL OFFSHORE WIND INDUSTRY. THE ORGANIZATION FACILITATES NETWORKING OPPORTUNITIES ALONGSIDE ITS EDUCATIONAL INITIATIVES AND WITH SMALLER EDUCATIONAL AND NETWORKING EVENTS. THE SIZE AND COMPLEXITY OF OFFSHORE WIND PROJECTS CREATES OPPORTUNITIES FOR MANY INDUSTRIES. BY COLLABORATING ACROSS INDUSTRY SECTORS, BUSINESSES ARE ABLE TO OFFER A WIDER RANGE OF PRODUCTS AND SERVICES IN ONE LOCATION. THROUGH COLLABORATION, BUSINESSES ARE ABLE TO BECOME MORE COMPETITIVE IN THE GLOBAL OFFSHORE WIND MARKET. THE ORGANIZATION BRINGS TOGETHER MEMBER BUSINESSES, DEVELOPERS, POLICY MAKERS, NATIONAL AND INTERNATIONAL EXPERTS, AND ECONOMIC DEVELOPMENT AGENCIES FOR UNPRECEDENTED KNOWLEDGE SHARING AND RELATIONSHIP BUILDING AND CLUSTER FORMING OPPORTUNITIES. 246225 THE ORGANIZATION CONDUCTS STUDIES AND SUPPORTS RESEARCH TO ADVANCE THE DEVELOPMENT OF OFFSHORE WIND AND MARINE OFFSHORE RENEWABLE ENERGY. IN CONJUNCTION WITH MARYLAND COMMUNITY COLLEGES, THE ORGANIZATION HAS SURVEYED THE EDUCATION AND TRAINING NEEDS OF MARYLAND WORKERS TO ACCOMMODATE A DEVELOPING OFFSHORE WIND INDUSTRY. THE ORGANIZATION HAS FACILITATED AND PARTICIPATED IN WORK FORCE DEVELOPMENT GRANTS BASED ON THE RESULTS OF THESE SURVEYS. AS THE DEVELOPMENT OF OFFSHORE WIND PROGRESSES, THE NETWORK MAY SUPPORT RESEARCH OF A MORE SCIENTIFIC NATURE, INCLUDING RESEARCH EXAMINING THE IMPACT OF THE DEVELOPMENT OF OFFSHORE WIND ON THE CHESAPEAKE BAY, FOR EXAMPLE. SUCH RESEARCH MAY BE CONDUCTED IN PARTNERSHIP WITH COLLEGES AND UNIVERSITIES IN THE AREA AND POSSIBLY INVOLVE THEIR STUDENTS AS INTERNS. 1667111 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 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 0 0 0 0 1 28 0 1 16 1 0 0 0 0 0 0 0 0 0 0 0 0 X 17 16 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0 0 0 0 MD X ELIZABETH BURDOCK 4436523242 22 W PENNSYLVANIA AVENUE SUITE 600 TOWSON MD 21204 ANDREW MICHAEL DIRECTOR 0.25 X 0 0 0 CINDY TRUITT DIRECTOR 0.25 X 0 0 0 CLARKE BRUNO DIRECTOR 0.25 X 0 0 0 DON HAIRSTON DIRECTOR 0.25 X 0 0 0 JAN KLAASSEN DIRECTOR 0.25 X 0 0 0 JAY BORKLAND TREASURER 0.50 X X 0 0 0 JOE TIRONE DIRECTOR 0.25 X 0 0 0 JOEL WHITMAN DIRECTOR 0.25 X 0 0 0 KATARINA ENNERFELT DIRECTOR 0.25 X 0 0 0 KEVIN PEARCE CHAIR 0.50 X X 0 0 0 LAUREN BURM SECRETARY 0.50 X X 0 0 0 ELIZABETH BURDOCK EXECUTIVE DIRECTOR 30.00 X X 236500 0 0 LORRY WAGNER DIRECTOR 0.25 X 0 0 0 MARK MITCHELL DIRECTOR 0.25 X 0 0 0 MATT PALMER DIRECTOR 0.25 X 0 0 0 NAT SPENCER DIRECTOR 0.25 X 0 0 0 TIM FISCHER DIRECTOR 0.25 X 0 0 0 ROSS TYLER EXECUTIVE VP AND CO-FOUNDER 30.00 X 149543 0 0 386043 0 0 2 0 1 0 0 70000 94000 164000 INTERNATIONAL PARTNERI 541900 1421545 1421545 MEMBERSHIP DUES 541900 697821 697821 OTHER INCOME 541900 886 886 2120252 179 179 2284431 2120252 0 179 230000 161000 69000 875888 617862 258026 116195 82369 33826 515078 404949 110129 13913 675 13238 42129 32682 9447 98499 45447 53052 217978 208776 9202 138605 94897 43708 1621 1149 472 PRINTING AND POSTAGE 26618 15837 10781 MEMBERSHIP & SUBSCRIPTI 15273 1468 13805 2291797 1667111 624686 0 1550453 1012734 329510 1323049 75165 189331 3925 3675 7318 3282 1358 4036 10010 10010 1970421 2542835 30019 130274 329317 595094 174158 359336 899526 X 1611085 1643309 1611085 1643309 1970421 2542835 X -7366 39590 X X 0 0 0 X 572495 566872 763229 738511 164000 2805107 572495 566872 763229 738511 164000 2805107 2805107 201 146 76 74 179 676 2805783 6721441 0.99980 0.99980 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 7318 3282 4036 4036 X 0 0 0 0 0 0 0 1 0 ELIZABETH BURDOCK EXECUTIVE DIRECTOR 201500 0 35000 0 0 0 0 0 0 0 236500 0 0 0 PART I, LINE 7 IN 2019, ELIZABETH BURDOCK RECEIVED A $35,000 PERFORMANCE-RELATED BONUS. FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION HAS NO COMMITTEES. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE 990 IS PROVIDED TO BOARD MEMBERS UPON THEIR REQUEST. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS REVIEWED ANNUALLY BY MANAGEMENT. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: ADJUSTMENT TO BEGINNING NET ASSETS 39,590. FORM 990, PART XII, LINE 2B: DUE TO THE IMPACT OF THE COVID-19 PANDEMIC, THE AUDITED JUNE 30, 2020 FINANCIAL STATEMENTS HAVE YET TO BE ISSUED AS OF THE FILING OF THE 2019 FORM 990. THIS FORM 990 HAS BEEN PREPARED USING THE BEST ESTIMATES AVAILABLE AT THE TIME, AND IF THE FINAL AUDITED FINANCIAL STATEMENTS CONTAIN MATERIAL DIFFERENCES AN AMENDED 2019 FORM 990 WILL BE FILED.