2015-05-14T15:19:07-05:00 2014-06-30 420714325 MCGLADREY LLP 100 INTERNATIONAL DRIVE SUITE 1400 BALTIMORE MD 21202 990 2013-07-01 521777737 MARYLANDISRAEL DEVELOPMENT CENTER INC MARY 4103699238 401 EAST PRATT STREET BALTIMORE MD 21202 BARRY BOGAGE EXECUTIVE DIRECTOR 4103699238 2015-05-13 1 JULIA FLANNERY CPA P00928918 4102469300 2013 2016-02-25 16:41:14Z BARRY BOGAGE 401 EAST PRATT STREET BALTIMORE MD 21202 568813 0 X WWW.MARYLANDISRAEL.ORG X 1997 MD THE MISSION OF MIDC IS TO FOSTER BILATERAL ECONOMIC DEVELOPMENT BETWEEN ISRAEL AND MARYLAND. 27 26 5 35 0 0 794660 452501 74343 113363 1202 2949 0 0 870205 568813 0 0 0 0 198369 294811 0 0 0 664650 226347 863019 521158 7186 47655 671987 794856 26404 29902 645583 764954 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 312921 66250 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. 67484 2813 THE MIDC ORGANIZES A SERIES OF EVENTS EACH YEAR ABOUT ISRAEL'S ECONOMY AND HIGH TECH BUSINESS DEVELOPMENT. THE MIDC REGULARLY ATTRACTS OVER 200 PEOPLE TO ITS ANNUAL SHOWCASE OF MARYLAND/ISRAEL TRADE. ITS SMALLER BUSINESS BRIEFINGS OFTEN ATTRACT 50 OR MORE PEOPLE TO LEARN ABOUT SPECIFIC ISRAELI BUSINESSES OR TECHNOLOGIES. 55292 39300 HANAN SIBEL BUSINESS LEADERSHIP AWARD CEREMONY & BI-ANNUAL DINNER THE MIDC NAMED ITS BUSINESS LEADERSHIP AWARD AFTER MIDC FOUNDING CHAIRMAN HANAN SIBEL, A PROMINENT BUSINESS, CIVIC AND JEWISH COMMUNITY LEADER IN MARYLAND. THIS YEAR'S AWARD RECIPIENT WAS ABBA DAVID POLIAKOFF. 5000 THE MIDC REPRESENTS THE U.S.-ISRAEL BINATIONAL INDUSTRIAL RESEARCH & DEVELOPMENT FOUNDATION IN MARYLAND. THE FOUNDATION PROVIDES UP TO $1 MILLION FOR JOINT R&D PROJECTS CONDUCTED BY U.S. ISRAEL COMPANY TEAMS. THE MIDC RECEIVES A SUCCESS FEE TO PUT MARYLAND-ISRAEL COMPANY PROJECTS TOGETHER. 5000 435697 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 0 0 0 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 1 X 9 0 1 5 1 0 0 0 0 0 0 0 0 0 0 X 27 26 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 0 0 0 MD X ADELE MYERS THE ASSOCIATED 4107680681 101 WEST MOUNT ROYAL AVENUE BALTIMORE MD 21201 ABBA DAVID POLIAKOFF 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 HOWARD FRIEDMAN 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 DOMINICK MURRAY 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 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 LYNN SHAPIRO SNYDER 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 MARC TERRILL DIRECTOR 2.00 X 0 0 0 HAREL TURKEL 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 138361 0 39120 138361 0 39120 1 0 1 0 0 306724 145777 452501 MEMBERSHIP REVENUE 900099 66250 66250 EVENTS AND PROGRAM REV 900099 23613 23613 SPONSORSHIPS 900099 23500 23500 113363 1897 1897 1052 0 1052 1052 1052 568813 113363 0 2949 150241 124700 25541 94975 78829 16146 9606 7973 1633 23394 19417 3977 16595 13774 2821 1200 1200 975 975 9033 9033 6232 6232 90314 90314 8774 7283 1491 10949 9088 1861 6195 5142 1053 22447 22447 47666 42558 5108 825 825 360 360 3958 3958 PARKING & MILEAGE 12482 10610 1872 BAD DEBTS 3562 3562 STAFF TRAINING/DEVELOPM 1375 1375 521158 435697 85461 0 113781 165610 64993 91748 540 60 2802 2621 541 181 468004 537257 24128 0 671987 794856 26404 4312 0 25590 26404 29902 X 645583 764954 645583 764954 671987 794856 47655 71716 0 X 1 X 0 1 0 X 356613 316509 325008 794660 452501 2245291 85311 61869 67344 74343 113363 402230 11436 11436 11436 11436 10000 55744 453360 389814 403788 880439 575864 2703265 0 0 0 2703265 2883 3343 2049 852 1897 11024 2883 3343 2049 852 1897 11024 456243 393157 405837 881291 577761 2714289 0.99590 0.99500 0.00410 0.00500 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 468005 74665 5413 537257 414280 58553 4828 468005 425420 -6682 4458 414280 345795 89148 9523 425420 303776 45823 3804 345795 1.00000 1 0 2802 2621 181 181 INVESTMENT IN THE JEWISH COMMUNITY INVESTMENT FUND 537257 F 537257 DUE TO THE ASSOCIATED: JCFB 25590 25590 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 2011. MIDDLE EAST AND NORTH AFRICA - 0 1 PROGRAM SERVICES TO PROMOTE ISRAELI COMPANIES TO DO BUSINESS WITH COMPANIES IN MD 23900 0 1 0 0 0 1 23900 0 23900 0 0 0 0 0 0 PART I, LINE 3: MIDC PAID TRENDLINES, AN ISRAELI COMPANY AND AGENT FOR MIDC, $23,900 IN FY14 FOR SERVICES IN ISRAEL. THEY PROMOTE ISRAELI COMPANIES TO DO BUSINESS WITH COMPANIES IN MD. 0 0 0 0 0 0 0 0 0 BARRY BOGAGE EXECUTIVE DIRECTOR 138361 0 0 0 0 0 6117 0 33003 0 177481 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 5 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 5 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 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).