2012-05-11T05:49:59-05:00 2011-06-30 MCGLADREY LLP 100 INTERNATIONAL DRIVE SUITE 1400 BALTIMORE MD 21202 990 2010-07-01 521777737 MARYLANDISRAEL DEVELOPMENT CENTER INC MARY 4107670681 401 EAST PRATT STREET BALTIMORE MD 21202 BARRY BOGAGE 4107670681 2012-05-01 JULIA FLANNERY CPA 4102469300 2010 2016-02-24 21:20:13Z X BARRY BOGAGE 401 EAST PRATT STREET BALTIMORE MD 21202 389429 0 X WWW.MARYLANDISRAEL.ORG X 1997 MD 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. 19 18 2 35 0 0 0 316509 0 61869 0 11051 0 0 0 389429 0 0 0 0 0 217376 0 0 0 0 139552 0 356928 0 32501 496810 624771 55275 77047 441535 547724 X THE MISSION OF THE MARYLAND/ISRAEL DEVELOPMENT CENTER IS TO FOSTER BILATERAL ECONOMIC DEVELOPMENT BETWEEN ISRAEL AND MARYLAND. 0 0 73000 22303 MARKET REACH AMERICA AND MARKET REACH ISRAEL: MARKETREACH AMERICA IS THE MIDC'S SOPHISTICATED CORPORATE PARTNERING PROGRAM, CONNECTING ISRAELI ENTREPRENEURS WITH MARYLAND AND U.S. BUSINESS OPPORTUNITIES. MIDC PREPARES THE ISRAELI COMPANIES FOR SUCCESS BY ASSISTING IN MARKETING, OVERCOMING CULTURAL DIFFERENCES AND UNDERSTANDING THE U.S. BUSINESS ARENA. MIDC HOSTS ISRAELI COMPANIES LOOKING TO ENTER THE U.S. MARKET, EXPOSING THEM TO A NETWORK OF POTENTIAL INVESTORS, CUSTOMERS AND STRATEGIC PARTNERS.MIDC OFFERS CUSTOMIZED RESEARCH AND OUTREACH TO ASSIST MARYLAND ENTREPRENEURS IN ACCESSING ISRAELI PARTNERS. MIDC INTERVIEWS MARYLAND COMPANY EXECUTIVES ON THEIR TECHNOLOGY AND INTERNATIONAL TRADE NEEDS AND UTILIZES ITS VAST NETWORK IN ISRAEL TO IDENTIFY APPROPRIATE MATCHES AND BUSINESS DEALS. 24975 3800 SPEAKER SERIES: MIDC BRINGS IN EXPERT SPEAKERS ON THE ECONOMIES AND TECHNOLOGY DEVELOPMENT IN MARYLAND AND ISRAEL. 5008 TRAVEL MISSIONS: MIDC ORGANIZES TRAVEL BETWEEN MARYLAND AND ISRAEL FOR COMMUNITY AND BUSINESS LEADERS. 108224 8249 OTHER PROGRAM ACTIVITIES 108224 8249 211207 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 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 0 1 X 3 0 1 2 1 0 0 0 0 0 0 0 0 0 0 X 19 18 0 0 0 0 0 0 0 1 0 0 0 1 0 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 OHAD COHEN 2.00 X 0 0 0 JEFF ELKIN 2.00 X 0 0 0 ROB FRIER 2.00 X 0 0 0 SUZY GANZ 2.00 X 0 0 0 CHRISTIAN JOHANSSON 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 BRUCE SHOLK 2.00 X 0 0 0 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 BARRY BOGAGE 40.00 X X 122751 0 19243 HENRY YAFFE 2.00 X 0 0 0 YONATHAN ZOHAR 2.00 X 0 0 0 122751 0 19243 1 0 0 0 0 316509 316509 SPONSORSHIPS 900099 27517 27517 MEMBERSHIP REVENUE 900099 21280 21280 MISCELLANEOUS REVENUE 900099 12049 12049 MARKET REACH AMERICA 900099 1023 1023 61869 3343 3343 7708 7708 7708 7708 389429 34352 0 38568 142908 71454 71454 51292 25646 25646 2816 1408 1408 9114 4557 4557 11246 5623 5623 3700 3700 87866 87866 1732 1732 10208 10208 11864 5932 5932 9743 9743 MARKET REACH AMERICA 8721 8721 MISCELLANEOUS 5248 5248 MEMBERSHIPS 470 470 356928 211207 145721 0 146386 178719 4629 20632 1901 1901 0 0 0 345795 425420 496810 624771 21378 2868 33897 74179 55275 77047 X 441535 547724 441535 547724 496810 624771 X 32501 73688 X 1 0 1 X 0 X 408558 412669 378336 356613 316509 1872685 7000 101767 71685 85311 61869 327632 11436 11436 11436 11436 11436 57180 426994 525872 461457 453360 389814 2257497 0 0 0 2257497 2520 3471 3903 2883 3343 16120 2520 3471 3903 2883 3343 16120 429514 529343 465360 456243 393157 2273617 0.99290 0.99300 0.00710 0.00700 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1901 1901 0 0 INVESTMENT IN THE CONSOLIDATED INVESTMENT FUND 425420 F 425420 DUE TO THE ASSOCIATED: JEWISH COMMUNITY FEDERATION OF BALTIMORE, INC. 74179 74179 389429 356928 32501 73688 73688 106189 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: 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 2008. MIDDLE EAST AND NORTH AFRICA 0 1 PROGRAM SERVICES TO PROMOTE ISRAELI COMPANIES TO DO BUSINESS WITH COMPANIES IN MD 52500 0 1 0 0 0 1 52500 0 52500 0 0 0 0 0 0 METHOD USED TO ACCCOUNT FOR EXPENDITURES: SCHEDULE F, PART I, LINE 3: FAIR MARKET VALUE OTHER INFORMATION SCHEDULE F, PART V MIDC PAID TRENDLINES, AN ISRAELI COMPANY AND AGENT FOR MIDC, A RETAINER OF $52,500 IN FY11 FOR SERVICES IN ISRAEL. THEY PROMOTE ISRAELI COMPANIES TO DO BUSINESS WITH COMPANIES IN MD. NUMBER OF VOLUNTEERS FORM 990, PART I, LINE 6, NUMBER OF VOLUNTEERS: VOLUNTEERS ARE INDIVIDUALS WHO ARE INVOLVED IN COMMITTEES THAT HELP PLAN AND COORDINATE MARKETING AND EVENT PLANNING. THEY ARE ALSO BUSINESS MENTORS WHO ADVISE AND HELP 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 12 THE ORGANIZATION IS IN THE PROCESS OF PUTTING A CONFLICT OF INTEREST POLICY INTO PLACE. 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 AND THE FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. THE ORGANIZATION IS PUTTING TOGETHER A CONFLICT OF INTEREST POLICY AND WILL MAKE THAT POLICY AVAILABLE UPON REQUEST IN FUTURE YEARS ONCE IT IS ADOPTED. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 73,688.