nonprofit logo

Marylandisrael Development Center Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 521777737 ✦ Baltimore, MD ✦ Designated as a 501(c)(3)

Overview

What is Marylandisrael Development Center Inc?

Marylandisrael Development Center Inc is a nonprofit organization situated in Baltimore, Maryland, specifically at 401 East Pratt Street. Their primary mission is to foster bilateral economic development between the states of Maryland and Israel. To achieve this goal, they have an alliance with various organizations and maintain a membership program. This program provides Maryland companies with access to Israeli firms, facilitating economic, scientific, and technological collaboration. The Marylandisrael Development Center Inc, with a team of three employees, offers educational programs about the economic landscape of both Maryland and Israel, aiming to promote trade and investment between the two communities. Following a 30-year journey, they celebrated their anniversary and the retirement of Barry Bogage, marking their first in-person event since the beginning of the COVID-19 pandemic.


Official website here: www.marylandisrael.org

Is Marylandisrael Development Center Inc legitimate?

Marylandisrael Development Center Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Marylandisrael Development Center Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $225,369
Professional Fundraising Fees: $0
Other Salaries and Wages: $100,703

For more financial information, click here


Official website here: www.marylandisrael.org

What is the mission statement of Marylandisrael Development Center Inc?

The Maryland Israel Development Center Inc is a non-profit organization committed to fostering bilateral economic development between Maryland and Israel. Its mission is to promote trade and investment opportunities between the two regions by providing educational programs about their respective economies. The center serves as an alliance with other organizations, aiming to create job opportunities in both business and community sectors by encouraging bi-lateral trade and investment. The Maryland Israel Development Center Inc offers a membership program to grant Maryland companies access to Israeli firms, encouraging economic, scientific, and technological collaboration. Recently, they celebrated their 30th anniversary and the retirement of a key figure, hosting an in-person event with over 120 attendees, marking their first gathering since the onset of the COVID-19 pandemic.


Official website here: www.marylandisrael.org

Who is the CEO of Marylandisrael Development Center Inc?

David Speer is the Exec Director (Thru Nov 2021); Advisor of Marylandisrael Development Center Inc.


Official website here: www.marylandisrael.org

What is the revenue of Marylandisrael Development Center Inc?

Marylandisrael Development Center Inc's revenue in 2022 was $562,904.


Official website here: www.marylandisrael.org

Who are the executives of Marylandisrael Development Center Inc and what are their salaries?

The average compensation at Marylandisrael Development Center Inc during 2022 was $108,691. There are 3 employees and 30 volunteers at Marylandisrael Development Center Inc.

Here are 18 key members and their salaries:

    Barry Bogage (Exec Director (Thru Nov 2021); Advisor)
  • Compensation: $192,566
  • Related: $0
  • Other: $9,306

    • Nancy Boguslaw (Deputy Director)
  • Compensation: $90,415
  • Related: $0
  • Other: $8,315

    • David Speer (Executive Director (As Of Nov 2021))
  • Compensation: $8,642
  • Related: $0
  • Other: $0

    • Alvin Katz (Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mike Gill (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jay Radov (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mike Adelstein (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Natalie Gutman-Chen (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mark Davis (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Steve Dubin (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Howard Feldman (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Yair Flicker (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • James Hughes (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Gail Javitt (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • David Kuntz (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Karen Mandelbaum (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Hanan Sibel (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jack Zager (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.marylandisrael.org

    Where can I find the form 990 for Marylandisrael Development Center Inc?

    The Marylandisrael Development Center Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.marylandisrael.org

    Learn more at the official website: www.marylandisrael.org

    Mission Statement of Marylandisrael Development Center Inc

    Maryland Israel Development Center Inc, a non-profit organization, is dedicated to fostering bilateral economic development between Maryland and Israel. Its mission is to promote trade and investment between companies in both states. To achieve this, the Center provides educational programs about the economies of Maryland and Israel, aiming to facilitate economic, scientific, and technological collaboration between businesses. The organization also has an alliance with other organizations, working towards creating jobs in both Maryland and Israeli communities by promoting bi-lateral trade and investment. Maryland Israel Development Center Inc offers a membership program, providing Maryland companies with access to Israeli firms seeking collaborative opportunities. The Center celebrated its 30th anniversary and the retirement of Barry Bogage with an in-person event in June 2021, attended by over 120 people, marking the first such gathering since the start of the COVID-19 pandemic.

    Impact

    This information is meant to be a general summary of Marylandisrael Development Center Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




    Wednesday, July 24, 2024

    The Marylandisrael Development Center Inc fosters bilateral economic development between Israel and Maryland. By promoting bi-lateral trade and investment, the organization helps create jobs in both Maryland and Israeli communities. Through its membership program, Maryland companies gain access to Israeli firms for economic, scientific, and technological collaboration. The MIDC's activities have a significant impact on the business development and community development of both regions. Additionally, the MIDC provides educational programs about the economies of Maryland and Israel, further contributing to the growth and prosperity of both areas.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $16,550
  • Program Service Revenue: $82,497
  • Gross Receipts: $562,904

    • Assets and Liabilities:
  • Total Assets: $1,286,254
  • Total Liabilities: $117,411
  • Net Assets: $1,168,843
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    MEMBERSHIP REVENUE

    Revenue

    $81,747

    PROGRAM FEES

    Revenue

    $750

    Organization Details

    Founding Year

    1992

    Principal Officer

    David Speer

    Main Address

    401 EAST PRATT STREET, BALTIMORE, MD, 21202

    NTEE Category

    Code: S30Z - Community improvement

    If you are a representative of Marylandisrael Development Center Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.