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
What are the reviews and ratings of this charity?
Charity Navigator Rating: 90%, Four-Star out of Four Star Rating
The Marylandisrael Development Center Inc has received a high rating of 90% from Charity Navigator, indicating strong performance in accountability and finance. This rating reflects the organization’s commitment to transparency and responsible financial practices, with an impressive score of 100% for independent board members and adherence to various governance policies.
The organization demonstrates a solid financial health, maintaining a low liabilities to assets ratio of 7.32%, which suggests effective management of its financial obligations. A significant portion of its expenses is dedicated to programs, with a program expense ratio of 64.86%, indicating that a majority of its resources are allocated towards fulfilling its mission.
While the organization excels in numerous areas, it's important to note that the program expense ratio could be improved further to enhance its overall effectiveness. Nevertheless, the Marylandisrael Development Center Inc showcases robust governance and sound financial practices, making it a reliable choice for potential donors.
This AI summary has been generated from information found on Charity Navigator.
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.
Heare 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:
- Compensation: $192,566
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- Other: $9,306
- Compensation: $90,415
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- Other: $8,315
- Compensation: $8,642
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Official website here: www.marylandisrael.org
Where can I find the form 990 for Marylandisrael Development Center Inc?
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.
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Impact
July, 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.
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.
Financials
This financial information is from Propublica.
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
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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
Phone
(410) 369-9238Principal Officer
David Speer
Main Address
401 EAST PRATT STREET, BALTIMORE, MD, 21202
Website
www.marylandisrael.orgNTEE Category
Code: S30Z - Community improvement
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