2016-05-12T14:00:03-05:00 2015-06-30 420714325 RSM US LLP 100 INTERNATIONAL DRIVE SUITE 1400 BALTIMORE MD 21202 990 2014-07-01 521777737 MARYLANDISRAEL DEVELOPMENT CENTER INC MARY 4103699238 401 EAST PRATT STREET BALTIMORE MD 21202 BARRY BOGAGE EXECUTIVE DIRECTOR 4103699238 2016-05-12 1 JULIA FLANNERY CPA P00928918 4102469300 2014 2016-08-17 19:52:53Z BARRY BOGAGE 401 EAST PRATT STREET BALTIMORE MD 21202 609945 0 X WWW.MARYLANDISRAEL.ORG X 1997 MD THE MISSION OF MIDC IS TO FOSTER BILATERAL ECONOMIC DEVELOPMENT BETWEEN ISRAEL AND MARYLAND. 26 25 3 25 0 0 452501 487258 113363 114232 2949 8455 0 0 568813 609945 0 25000 0 0 294811 360456 0 0 0 226347 256617 521158 642073 47655 -32128 794856 748510 29902 21255 764954 727255 X 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 ECONOMIES OF THE STATE OF MARYLAND AND ISRAEL. 0 0 383900 25000 79465 BUSINESS DEVELOPMENT/COMMUNITY DEVELOPMENT/MEMBERSHIPS: THE MIDC HAS AN ALLIANCE WITH OTHER ORGANIZATIONS WITH THE MISSION OF HELPING CREATE JOBS IN BOTH 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. 43084 16032 CYBER TECH ISRAEL MISSION: MIDC ORGANIZES A TRADE MISSION TO ATTEND THE ISRAEL CYBERTECH CONFERENCE. ISRAEL CYBERTECH IS A GREAT OPPORTUNITY TO MEET POTENTIAL CUSTOMERS AND COLLABORATORS FROM ISRAEL AND AROUND THE GLOBE. THE GOAL OF THE MISSION IS TO EXPAND TRADE, INVESTMENT, BUSINESS AND R&D COLLABORATION BETWEEN MARYLAND AND ISRAEL. THE MIDC HELPS DELEGATION MEMBERS IDENTIFY BUSINESS PROSPECTS AND ARRANGE MEETINGS WITH POTENTIAL CUSTOMERS, DISTRIBUTORS AND VARS, AND R&D PARTNERS. OVERALL, THE CONFERENCE ATTRACTED OVER 8,000 PEOPLE FROM 50 COUNTRIES. MIDC ORGANIZED THE TRIP FOR FOUR MARYLAND COMPANIES. 38667 13876 BIO MED ISRAEL MISSION: MIDC ORGANIZES A TRADE MISSION TO ATTEND THE ISRAEL'S INTERNATIONAL BIOMED CONFERENCE. IT OFFERS NEW BUSINESS OPPORTUNITES AMONG ISRAEL'S INNOVATIVE BIOPHARMA AND MEDICAL DEVICE INDUSTRIES. MIDC CONNECTS ORGANIZATIONS WITH EXECUTIVES, ENTREPRENEURS AND INVESTORS AT A PREMIER LIFE SCIENCE CONFERENCE AND EXHIBITION. 67329 4859 MIDC SHOWCASE & OTHER ACTIVITIES: THE MIDC ORGANIZES A SERIES OF EVENTS EACH YEAR ABOUT ISRAEL'S ECONOMY AND HIGH TECH BUSINESS DEVELOPMENT. THE ANNUAL SHOWCASE ATTRACTED OVER 30 ISRAELI COMPANIES AND 180 PARTICIPANTS. MARYLAND/ISRAEL TRADE. ITS SMALLER BUSINESS BRIEFINGS OFTEN ATTACT 50 OR MORE PEOPLE TO LEARN ABOUT SPECIFIC ISRAELI BUSINESSES OR TECHNOLOGIES. 67329 4859 532980 1 1 0 0 0 0 0 0 0 1 1 1 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 X 5 0 1 3 1 0 0 0 0 0 0 0 0 0 0 X 26 25 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 0 0 0 MD X CONNIE STERN 4103699238 101 WEST MOUNT ROYAL AVENUE BALTIMORE MD 21201 MARK NEUMANN CHAIRMAN 2.00 X X 0 0 0 ROBERT ROSENBAUM TREASURER 2.00 X X 0 0 0 HENRY BREM DIRECTOR 2.00 X 0 0 0 STEVEN BROOKS DIRECTOR 2.00 X 0 0 0 STEVE DUBIN DIRECTOR 2.00 X 0 0 0 JEFF ELKIN DIRECTOR 2.00 X 0 0 0 ROBERT FRIER DIRECTOR 2.00 X 0 0 0 SUSAN GANZ DIRECTOR 2.00 X 0 0 0 IRA HOFFMAN DIRECTOR 2.00 X 0 0 0 JAMES HUGHES DIRECTOR 2.00 X 0 0 0 ANAT KATZ DIRECTOR 2.00 X 0 0 0 MICHAEL GILL DIRECTOR 2.00 X 0 0 0 AVNER PARNES DIRECTOR 2.00 X 0 0 0 BETH PERLMAN DIRECTOR 2.00 X 0 0 0 ABBA DAVID POLIAKOFF ESQ DIRECTOR 2.00 X 0 0 0 JAY RADOV DIRECTOR 2.00 X 0 0 0 ORI REISS DIRECTOR 2.00 X 0 0 0 AVI RUBIN DIRECTOR 2.00 X 0 0 0 BRUCE SHOLK DIRECTOR 2.00 X 0 0 0 HANAN SIBEL DIRECTOR 2.00 X 0 0 0 LYNN SHAPIRO SNYDER DIRECTOR 2.00 X 0 0 0 MARC TERRILL DIRECTOR 2.00 X 0 0 0 HENRY YAFFE DIRECTOR 2.00 X 0 0 0 JACK ZAGER DIRECTOR 2.00 X 0 0 0 YONATAN ZOHAR PHD DIRECTOR 2.00 X 0 0 0 BARRY BOGAGE EXECUTIVE DIRECTOR 40.00 X X 142994 0 36265 142994 0 36265 1 0 1 0 0 315000 172258 487258 MEMBERSHIP REVENUE 900099 79465 79465 PROGRAM REVENUE 900099 34767 34767 114232 1167 1167 7288 0 7288 7288 7288 609945 114232 0 8455 25000 25000 179259 146992 32267 134820 110552 24268 5356 4392 964 22045 18077 3968 18976 15560 3416 47357 23315 24042 5762 5762 93856 90637 3219 8214 7508 706 3480 599 2881 1993 1993 11287 9255 2032 7828 7271 557 181 181 2495 2046 449 OTHER PROGRAM EXPENSE 69997 69997 SUBSCRIPTIONS AND DUES 3590 1306 2284 577 473 104 642073 532980 109093 0 165610 130820 91748 81943 60 2802 2802 181 0 537257 509379 0 26368 794856 748510 4312 21255 25590 0 29902 21255 X 764954 727255 764954 727255 794856 748510 -32128 -5571 0 X 1 X 0 1 0 X 316509 325008 794660 452501 487258 2375936 61869 67344 74343 113363 114232 431151 11436 11436 11436 10000 10000 54308 389814 403788 880439 575864 611490 2861395 0 0 0 2861395 3343 2049 852 1897 1167 9308 3343 2049 852 1897 1167 9308 393157 405837 881291 577761 612657 2870703 0.99680 0.99590 0.00320 0.00410 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 537257 2884 25000 5762 509379 468005 74665 5413 537257 414280 58553 4828 468005 425420 -6682 4458 414280 345795 89148 9523 425420 1.00000 1 0 2802 2802 0 0 INVESTMENT IN THE JEWISH COMMUNITY INVESTMENT FUND 509379 F 509379 X PART V, LINE 4: FUNDS ARE TO BE USED AS A RESERVE FOR THE FUTURE. PART X, LINE 2: MIDC HAS ADOPTED THE ACCOUNTING STANDARD ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, WHICH ADDRESSES THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON A TAX RETURN SHOULD BE RECORDED IN THE FINANCIAL STATEMENTS. UNDER THIS POLICY, MIDC MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WOULD BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. MANAGEMENT EVALUATED MIDC'S TAX POSITIONS AND CONCLUDED THAT IT HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH PROVISIONS OF THIS GUIDANCE. MIDC IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE U.S. FEDERAL, STATE OR LOCAL AUTHORITIES FOR THE YEARS BEFORE 2012. MIDDLE EAST AND NORTH AFRICA - 0 1 PROGRAM SERVICES TO PROMOTE ISRAELI COMPANIES TO DO BUSINESS WITH COMPANIES IN MD 35203 0 1 0 0 0 1 35203 0 35203 0 0 0 0 0 0 PART I, LINE 3: MIDC PAID TRENDLINES, AN ISRAELI COMPANY AND AGENT FOR MIDC, $35,203 IN FY15 FOR SERVICES IN ISRAEL. THEY PROMOTE ISRAELI COMPANIES TO DO BUSINESS WITH COMPANIES IN MD. 0 THE ASSOCIATED JEWISH COMMUNITY FEDERATION OF BALTIMORE INC 101 W MOUNT ROYAL AVENUE BALTIMORE MD 21201 520607957 501(C)(3) 25000 JAFI LOAN FUND IN ASHKELON 1 0 0 0 0 0 0 0 0 0 0 BARRY BOGAGE EXECUTIVE DIRECTOR 142994 0 0 0 0 0 6120 0 30145 0 179259 0 0 0 PART I, LINE 3 THE COMPENSATION OF THE EXECUTIVE DIRECTOR IS DETERMINED BY THE EXECUTIVE COMPENSATION COMMITTEE OF THE ASSOCIATED: JEWISH COMMUNITY FEDERATION OF BALTIMORE, INC., AN UNRELATED, AFFILIATED ORGANIZATION, IN CONSULTATION WITH THE MIDC PRESIDENT. MIDC IS A CONSTITUENT AGENCY OF THE ASSOCIATED. FORM 990, PART I, LINE 6, NUMBER OF VOLUNTEERS: VOLUNTEERS ARE THOSE WHO ARE INVOLVED IN COMMITTEES THAT HELP TO PLAN AND COORDINATE MARKETING AND EVENT PLANNING. BUSINESS MENTORS HELP AND ADVISE ISRAELI ENTREPRENEURS WHO WOULD LIKE TO START A NEW BUSINESS. FORM 990, PART V, LINE 2A, NUMBER OF EMPLOYEES: THE 3 EMPLOYEES LISTED IN PART V ARE PAID BY THE ASSOCIATED: JEWISH COMMUNITY FEDERATION OF BALTIMORE, INC., AN UNRELATED, AFFILIATED ORGANIZATION, FOR THEIR SERVICES PERFORMED FOR MIDC. MIDC DOES NOT FILE ANY PAYROLL RETURNS WITH THE IRS BUT THESE 3 EMPLOYEES ARE INCLUDED IN THE PAYROLL FILINGS OF THE ASSOCIATED. THE EMPLOYEE COSTS ARE REIMBURSED BY MIDC AND INCLUDED IN PART IX, LINES 5-10. FORM 990, PART VI, SECTION A, LINE 8B COMMITTEES DO NOT HAVE THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11 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 SHALL 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 B, LINE 15 THE COMPENSATION OF THE EXECUTIVE DIRECTOR IS DETERMINED BY THE EXECUTIVE COMPENSATION COMMITTEE OF THE ASSOCIATED: JEWISH COMMUNITY FEDERATION OF BALTIMORE, INC., AN UNRELATED, AFFILIATED ORGANIZATION, IN CONSULTATION WITH THE MIDC PRESIDENT. MIDC IS A CONSTITUENT AGENCY OF THE ASSOCIATED. 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).