2014-05-05T22:16:24-05:00 2013-06-30 420714325 MCGLADREY LLP 100 INTERNATIONAL DRIVE SUITE 1400 BALTIMORE MD 21202 990 2012-07-01 521777737 MARYLANDISRAEL DEVELOPMENT CENTER INC MARY 4103699238 401 EAST PRATT STREET BALTIMORE MD 21202 BARRY BOGAGE 4103699238 2014-05-05 1 JAMES P SWEENEY CPA P01263012 4102469300 2012 2015-11-30 17:44:51Z BARRY BOGAGE 401 EAST PRATT STREET BALTIMORE MD 21202 870205 0 X WWW.MARYLANDISRAEL.ORG X 1997 MD THE MISSION OF MIDC IS TO FOSTER BILATERAL ECONOMIC DEVELOPMENT BETWEEN ISRAEL AND MARYLAND. 24 23 2 35 0 0 325008 794660 67344 74343 9526 1202 0 0 401878 870205 0 0 0 0 213348 198369 0 0 0 138999 664650 352347 863019 49531 7186 657925 671987 76878 26404 581047 645583 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 444918 GOVERNOR'S TRADE MISSION TO ISRAEL WAS TO DIRECT INVETMENT INTO THE STATE OF MARYLAND AND HELP MARYLAND COMPANIES EXPORT TO ISRAEL. 42830 70313 MARKET REACH AMERICA AND MARKET REACH ISRAEL, ENTAIL AN EXCHANGE OF CONFERENCES AND DELEGATIONS OF MARYLAND AND ISRAELI ENTREPRENEURS. TRENDLINES DO THE OUTREACH AND BUSINESS DEVELOPMENT TO MARKET MARYLAND TO ISRAELI COMPANIES TO COME TO MARYLAND AND REPRESENT MIDC TO THE MINISTRY OF INDUSTRY AND TRADE, ISRAEL AMERICAN CHAMBER OF COMMERCE AND TRADE ASSOCIATIONS. 13325 4030 SPEAKER SERIES: MIDC BRINGS IN EXPERT SPEAKERS ON THE ECONOMIES AND TECHNOLOGY DEVELOPMENT IN MARYLAND AND ISRAEL. 286862 OTHER PROGRAM ACTIVITIES 286862 787935 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 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 2 1 0 0 0 0 0 0 0 0 0 0 X 24 23 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 MOUTN ROYAL AVENUE BALTIMORE MD 21201 ABBA DAVID POLIAKOFF 2.00 X X 0 0 0 ROB ROSENBAUM 2.00 X X 0 0 0 JIMMY BERG 2.00 X 0 0 0 HENRY BREM 2.00 X 0 0 0 STEVE BROOKS 2.00 X 0 0 0 STEVE DUBIN 2.00 X 0 0 0 JEFF ELKIN 2.00 X 0 0 0 HOWARD FRIEDMAN 2.00 X 0 0 0 ROB FRIER 2.00 X 0 0 0 SUZY GANZ 2.00 X 0 0 0 ANAT KATZ 2.00 X 0 0 0 DOMINICK MURRAY 2.00 X 0 0 0 AVNER PARNES 2.00 X 0 0 0 BETH PERLMAN 2.00 X 0 0 0 JAY RADOV 2.00 X 0 0 0 AVI RUBIN 2.00 X 0 0 0 BRUCE SHOLK 2.00 X 0 0 0 BARRY BOGAGE 40.00 X X 131970 0 32535 HANAN SIBEL 2.00 X 0 0 0 LYNN SHAPIRO SNYDER 2.00 X 0 0 0 MARC TERRILL 2.00 X 0 0 0 HAREL TURKEL 2.00 X 0 0 0 JACK ZAGER 2.00 X 0 0 0 YONATAN ZOHAR PHD 2.00 X 0 0 0 131970 0 32535 1 0 1 0 FIELD TRAVEL INC 295 MADISON AVENUE SUITE 1805 NEW YORK NY 10017 TRAVEL AGENCY 152972 1 164808 629852 794660 MEMBERSHIP REVENUE 900099 57850 57850 SPONSORSHIPS 900099 12500 12500 EVENTS AND PROGRAM REV 900099 3993 3993 74343 852 852 350 0 350 350 350 870205 74343 0 1202 145000 123250 21750 15481 7800 7681 6304 4358 1946 21412 18200 3212 10172 9339 833 1548 1548 7417 7000 417 16569 16569 4828 4828 100895 100895 21733 18480 3253 7402 3701 3701 2808 1404 1404 469047 464047 5000 21734 21734 67 67 360 360 2515 2515 MISCELLANEOUS 7727 7727 863019 787935 75084 0 224033 113781 11924 64993 6787 540 2802 2261 901 541 414280 468004 0 24128 657925 671987 4012 26404 72866 0 76878 26404 X 581047 645583 581047 645583 657925 671987 7186 57350 0 X 1 X 0 1 0 X 378336 356613 316509 325008 794660 2171126 71685 85311 61869 67344 74343 360552 11436 11436 11436 11436 11436 57180 461457 453360 389814 403788 880439 2588858 0 0 0 2588858 3903 2883 3343 2049 852 13030 3903 2883 3343 2049 852 13030 465360 456243 393157 405837 881291 2601888 0.99500 0.99300 0.00500 0.00700 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 414280 58553 4828 468005 425420 -6682 4458 414280 345795 89148 9523 425420 303776 45823 3804 345795 377384 -70246 3362 303776 1.00000 1 0 2802 2261 541 541 INVESTMENT IN THE CONSOLIDATED INVESTMENT FUND 468004 F 468004 X DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: FUNDS ARE TO BE USED AS A RESERVE FOR THE FUTURE. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: 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 2010. MIDDLE EAST AND NORTH AFRICA - 0 1 PROGRAM SERVICES TO PROMOTE ISRAELI COMPANIES TO DO BUSINESS WITH COMPANIES IN MD 40420 0 1 0 0 0 1 40420 0 40420 0 0 0 0 0 0 METHOD USED TO ACCCOUNT FOR EXPENDITURES: SCHEDULE F, PART I, LINE 3: FAIR MARKET VALUE MIDC PAID TRENDLINES, AN ISRAELI COMPANY AND AGENT FOR MIDC, $40,420 IN FY13 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 131970 0 0 0 0 0 5700 0 26835 0 164505 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. NUMBER OF VOLUNTEERS 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 2 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 2 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.