TECHNOLOGY COUNCIL OF MARYLAND INC: Form 990, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- TECHNOLOGY COUNCIL OF MARYLAND INC (EIN 20-4950778)
- Tax period
- 2023-07-01 to 2024-06-30
- Filed
- 2025-05-13
- IRS object ID
- 202541339349302299
- Schema version
- 2023v6.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2025-05-13T10:21:17-05:00 | ReturnTs |
| Tax Period End | 2024-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 521392008 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GELMAN ROSENBERG & FREEDMAN | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4550 MONTGOMERY AVE SUITE 800N | AddressLine1Txt |
| City | BETHESDA | CityNm |
| State Abbreviation | MD | StateAbbreviationCd |
| ZIP | 208142930 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2023-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 204950778 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | TECHNOLOGY COUNCIL OF MARYLAND | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | TECH | BusinessNameControlTxt |
| Phone | 2402434026 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 9808 MEDICAL CENTER DRIVE SUITE 45 | AddressLine1Txt |
| City | ROCKVILLE | CityNm |
| State Abbreviation | MD | StateAbbreviationCd |
| ZIP | 20850 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | KELLY SCHULZ | PersonNm |
| Person Title | CEO | PersonTitleTxt |
| Phone | 2402434026 | PhoneNum |
| Signature | 2025-05-13 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | 0 | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | ELIZABETH W HELLER | PreparerPersonNm |
| PTIN | P00397829 | PTIN |
| Phone | 3019519090 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2023 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Change | Yes (X) | AddressChangeInd |
Doing Business As Name DoingBusinessAsName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MARYLAND TECHNOLOGY COUNCIL INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | KELLY SCHULZ | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 9808 MEDICAL CENTER DRIVE SUITE 450 | AddressLine1Txt |
| City | ROCKVILLE | CityNm |
| State Abbreviation | MD | StateAbbreviationCd |
| ZIP | 20850 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $5,470,329 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | WWW.MDTECHCOUNCIL.COM | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 2006 | FormationYr |
| Legal Domicile State | MD | LegalDomicileStateCd |
| Activity Or Mission | TO PROMOTE ITS MEMBERS IN THE ADVANCED TECHNOLOGY AND LIFE SCIENCE INDUSTRIES IN MARYLAND. | ActivityOrMissionDesc |
| Voting Members Governing Body | 43 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 43 | VotingMembersIndependentCnt |
| Total Employee | 16 | TotalEmployeeCnt |
| Total Volunteers | 55 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $2,005,809 | PYContributionsGrantsAmt |
| CY Contributions Grants | $3,504,323 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $855,500 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $1,254,324 | CYProgramServiceRevenueAmt |
| PY Investment Income | $0 | PYInvestmentIncomeAmt |
| CY Investment Income | $845 | CYInvestmentIncomeAmt |
| PY Other Revenue | $711,873 | PYOtherRevenueAmt |
| CY Other Revenue | $710,837 | CYOtherRevenueAmt |
| PY Total Revenue | $3,573,182 | PYTotalRevenueAmt |
| CY Total Revenue | $5,470,329 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $0 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $1,436,405 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $1,541,136 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $2,296,470 | PYOtherExpensesAmt |
| CY Other Expenses | $3,450,229 | CYOtherExpensesAmt |
| PY Total Expenses | $3,732,875 | PYTotalExpensesAmt |
| CY Total Expenses | $4,991,365 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | -$159,693 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $478,964 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $3,941,886 | TotalAssetsBOYAmt |
| Total Assets EOY | $3,102,716 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $3,894,857 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $2,576,723 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $47,029 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $525,993 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | AT THE MARYLAND TECH COUNCIL, WE BELIEVE IN SAVING LIVES, SECURING OUR NATION AND IMPROVING THE QUALITY OF LIFE THROUGH INNOVATION. WE SUPPORT OUR MEMBER COMPANIES WHO ARE DRIVING INNOVATION THROUGH ADVOCACY, EDUCATION, WORKFORCE DEVELOPMENT, (CONTINUED ON SCHEDULE O)COST SAVINGS AND CONNECTING ENTREPRENEURIAL MINDS. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Desc | MTC'S INDUSTRY AWARDS CELEBRATION - MTC INDUSTRY AWARDS CELEBRATION IS ONE OF MARYLAND'S LARGEST AND MOST PRESTIGIOUS AWARD CEREMONIES. THE EVENING BRINGS THE VERY BEST OF TECHNOLOGY, LIFE SCIENCE, GOVERNMENT, ACADEMIA, AND SUPPORTING BUSINESSES TOGETHER. THE ONLY AWARD CEREMONY OF ITS KIND IN THE INDUSTRY, THE MTC INDUSTRY AWARDS HONORS THE DEDICATION AND OUTSTANDING SERVICE OF MARYLAND'S TECHNOLOGY AND LIFE SCIENCE COMMUNITY. MTC PROUDLY TAKES THIS OPPORTUNITY TO RECOGNIZE THEIR EXCELLENCE AND THANK THEM FOR BEING AN INTEGRAL PART OF BUSINESS DEVELOPMENT IN MARYLAND. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | THE ORGANIZATION RECOGNIZED ONE OF THE MOST IMPORTANT ISSUES TO LIFE SCIENCE AND TECHNOLOGY BUSINESSES IN MARYLAND WAS A TALENTED AND EDUCATED WORKFORCE. GRANTS FROM THE FEDERAL AND MARYLAND STATE GOVERNMENTS, AND FINANCIAL SUPPORT FROM BIOPHARMA INDUSTRIES, ALLOWED THE INITIATION OF THE BIOHUB MARYLAND. THIS PROJECT WILL EXPAND MARYLAND'S GLOBAL LIFE SCIENCES BY CREATING A HIGHLY SKILLED BIOPHARMA MANUFACTURING WORKFORCE. THE PROGRAM CREATES CAREER PATHWAYS FOR MARYLANDERS OF ALL EDUCATIONAL BACKGROUNDS. THIS PROGRAM HAS ALSO CREATED A TASK FORCE WHICH INCLUDES INDUSTRY LEADERS, ACADEMIA, GOVERNMENT, AND NON-PROFIT ORGANIZATIONS TO CREATE A SUSTAINABLE WORKFORCE DEVELOPMENT SOLUTIONS "FOR THE INDUSTRY, BY THE INDUSTRY". | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | BIO INNOVATION CONFERENCE IS AN ANNUAL CONFERENCE THAT CONNECTS THE COMMUNITY WITH TOP RESEARCHERS, BUSINESS LEADERS, ACADEMIA, VENTURE CAPITALISTS, PROMISING STARTUPS AND INDUSTRY PROFESSIONALS IN THE LIFE SCIENCES INDUSTRY BASED IN THE REGION. IT BUILDS A STRONGER LIFE SCIENCES COMMUNITY IN MARYLAND BY NURTURING A VIBRANT ENVIRONMENT WHERE INNOVATION THRIVES, FACILITATES NETWORKING OPPORTUNITIES AND BUSINESS DEVELOPMENT THROUGH THE BIO ONE-ON-ONE PARTNERING SYSTEM AND GIVES ACCESS TO ADVOCACY, STATE AND FEDERAL AGENCIES, AND COMMERCIAL AND SCIENTIFIC INDUSTRIES TO HELP THEIR COMPANIES THRIVE. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Described In Section501c3 | 0 | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Subject To Proxy Tax | Yes (1) | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | 0 | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | Yes (1) | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | 0 | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (1) | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | Yes (1) | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (1) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | Yes (1) | TransactionWithControlEntInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 24 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 16 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | Yes (1) | NondeductibleContributionsInd |
| Nondeductible Contri Discl | Yes (1) | NondeductibleContriDisclInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 43 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 43 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (1) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (1) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | Yes (1) | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | Yes (1) | LocalChaptersInd |
| Policies Reference Chapters | Yes (1) | PoliciesReferenceChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | 0 | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | KELLY SCHULZ | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 2402434026 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 9808 MEDICAL CENTER DRIVE SUITE 450 | AddressLine1Txt |
| City | ROCKVILLE | CityNm |
| State Abbreviation | MD | StateAbbreviationCd |
| ZIP | 20850 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (47 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|
| BRAD STEWART | ||||||||
| CHAIR | 5.00 | 0.50 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| DAVID TOHN | ||||||||
| VICE CHAIR | 5.00 | 0.50 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| MICHAEL BUHER | ||||||||
| TREASURER | 5.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| STEVEN MELTZER | ||||||||
| SECRETARY | 5.00 | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| DANIEL COCHRAN | ||||||||
| BOARD MEMBER | 3.00 | Yes (X) | $0 | $0 | $0 | |||
| JEFFREY GALVIN | ||||||||
| BOARD MEMBER | 3.00 | Yes (X) | $0 | $0 | $0 | |||
| DERON JOHNSON | ||||||||
| BOARD MEMBER | 3.00 | Yes (X) | $0 | $0 | $0 | |||
| KIRKLAND MURRAY | ||||||||
| BOARD MEMBER | 3.00 | Yes (X) | $0 | $0 | $0 | |||
| ALAN LANGELLI | ||||||||
| BOARD MEMBER | 3.00 | Yes (X) | $0 | $0 | $0 | |||
| KATIE MCEVOY | ||||||||
| BOARD MEMBER | 3.00 | Yes (X) | $0 | $0 | $0 | |||
| ALEX SEVILLA | ||||||||
| BOARD MEMBER | 3.00 | Yes (X) | $0 | $0 | $0 | |||
| ALEXANDER NUNEZ | ||||||||
| BOARD MEMBER | 3.00 | Yes (X) | $0 | $0 | $0 | |||
| MICHELE OSMAN | ||||||||
| BOARD MEMBER | 3.00 | Yes (X) | $0 | $0 | $0 | |||
| CJ OVERLY | ||||||||
| BOARD MEMBER | 3.00 | Yes (X) | $0 | $0 | $0 | |||
| KOLALEH ESKANDANIAN | ||||||||
| BOARD MEMBER | 3.00 | Yes (X) | $0 | $0 | $0 | |||
| MATTHEW SHIFFERMILLER | ||||||||
| BOARD MEMBER | 3.00 | Yes (X) | $0 | $0 | $0 | |||
| JEFF GRIFFIN | ||||||||
| BOARD MEMBER | 3.00 | Yes (X) | $0 | $0 | $0 | |||
| TIMOTHY LYDEN | ||||||||
| BOARD MEMBER | 3.00 | Yes (X) | $0 | $0 | $0 | |||
| BRET SCHREIBER | ||||||||
| BOARD MEMBER | 3.00 | Yes (X) | $0 | $0 | $0 | |||
| STEVEN WALKER | ||||||||
| BOARD MEMBER | 3.00 | Yes (X) | $0 | $0 | $0 | |||
| RAJAN NATARAJAN | ||||||||
| BOARD MEMBER | 3.00 | Yes (X) | $0 | $0 | $0 | |||
| RODNEY WILLIAMS | ||||||||
| BOARD MEMBER | 3.00 | Yes (X) | $0 | $0 | $0 | |||
| AMANDA ROSENTHAL | ||||||||
| BOARD MEMBER | 3.00 | Yes (X) | $0 | $0 | $0 | |||
| HELEN MONTAG | ||||||||
| BOARD MEMBER | 3.00 | Yes (X) | $0 | $0 | $0 | |||
| JUDY JENKINS | ||||||||
| BOARD MEMBER | 3.00 | Yes (X) | $0 | $0 | $0 | |||
| NAREN KADABA | ||||||||
| BOARD MEMBER | 3.00 | Yes (X) | $0 | $0 | $0 | |||
| GERALD ESCOBAR | ||||||||
| BOARD MEMBER | 3.00 | Yes (X) | $0 | $0 | $0 | |||
| KEVIN ANDERSON | ||||||||
| BOARD MEMBER | 3.00 | Yes (X) | $0 | $0 | $0 | |||
| TODD MARKS | ||||||||
| BOARD MEMBER | 3.00 | Yes (X) | $0 | $0 | $0 | |||
| SILVIA TAYLOR | ||||||||
| BOARD MEMBER | 3.00 | Yes (X) | $0 | $0 | $0 | |||
| PATRICK STONE | ||||||||
| BOARD MEMBER | 3.00 | Yes (X) | $0 | $0 | $0 | |||
| MATT MEEHAN | ||||||||
| BOARD MEMBER | 3.00 | Yes (X) | $0 | $0 | $0 | |||
| JAMES CRIFASI | ||||||||
| BOARD MEMBER | 3.00 | Yes (X) | $0 | $0 | $0 | |||
| SARAH THOMAS | ||||||||
| BOARD MEMBER | 3.00 | Yes (X) | $0 | $0 | $0 | |||
| BRYAN HUGHES | ||||||||
| BOARD MEMBER | 3.00 | Yes (X) | $0 | $0 | $0 | |||
| STEPHEN HOFFMAN | ||||||||
| BOARD MEMBER | 3.00 | Yes (X) | $0 | $0 | $0 | |||
| JEFF BATHURST | ||||||||
| BOARD MEMBER | 3.00 | Yes (X) | $0 | $0 | $0 | |||
| MATTHEW BRADY | ||||||||
| BOARD MEMBER | 3.00 | Yes (X) | $0 | $0 | $0 | |||
| TROY LEMAILE-STOVALL | ||||||||
| BOARD MEMBER | 3.00 | Yes (X) | $0 | $0 | $0 | |||
| MACEY SMITH | ||||||||
| BOARD MEMBER | 3.00 | Yes (X) | $0 | $0 | $0 | |||
| BRIAN HAIGH | ||||||||
| BOARD MEMBER | 3.00 | Yes (X) | $0 | $0 | $0 | |||
| GREG STONE | ||||||||
| BOARD MEMBER | 3.00 | Yes (X) | $0 | $0 | $0 | |||
| DANIEL COHEN-DUMANI | ||||||||
| BOARD MEMBER | 3.00 | Yes (X) | $0 | $0 | $0 | |||
| KELLY SCHULZ | ||||||||
| CEO | 40.00 | 2.00 | Yes (X) | $240,000 | $0 | $18,395 | ||
| MICHELLE FERRONE | ||||||||
| CHIEF OPERATING OFFICER | 40.00 | 1.50 | Yes (X) | $176,000 | $0 | $21,626 | ||
| PAMELA LUBEL | ||||||||
| VP OF MEMBERSHIP | 40.00 | $117,687 | $0 | $17,847 | Yes (X) | |||
| WENDY WORM | ||||||||
| VP OF MARKETING AND PROGRAMS | 40.00 | $145,000 | $0 | $13,373 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $678,687 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $71,241 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 4 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (4 entries)
| Address Line1ContractorAddress/ForeignAddress/AddressLine1Txt | CityContractorAddress/ForeignAddress/CityNm | CountryContractorAddress/ForeignAddress/CountryCd | ServicesServicesDesc | CompensationCompensationAmt | Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd |
|---|---|---|---|---|---|---|---|---|
| NIBRT SERVICES | ||||||||
| FOSTERS AVENUE MOUNT MARRION | DUBLIN | EI | CURRICULUM AND MARKETING FOR BIOHUB | $822,417 | ||||
| PRECISION STRATEGIES | ||||||||
| DIGITAL ADVERTISING CAMPAIGN | $425,000 | 901 NEW YORK AVE NW SUITE 530 | WASHINGTON | DC | 20001 | |||
| CHERRY BEKAERT | ||||||||
| ACCOUNTING | $204,127 | 8330 BOONE BLD SUITE 350 | VIENNA | VA | 22182 | |||
| CAMPFIRE COMMUNICATIONS | ||||||||
| MARKETING CONSULTANT | $149,000 | 1311 BLACKWALNUT COURT | ANNAPOLIS | MD | 21403 | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 4 | CntrctRcvdGreaterThan100KCnt |
| Government Grants | $2,195,718 | GovernmentGrantsAmt |
| All Other Contributions | $1,308,605 | AllOtherContributionsAmt |
| Total Contributions | $3,504,323 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (4 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| MEMBERSHIP DUES | 900099 | $565,653 | $565,653 |
| CONFERENCE/MEETING | 900099 | $414,021 | $414,021 |
| LEGISLATIVE INITIATIVE | 900099 | $196,650 | $196,650 |
| SHARED SVCS AGREEMENT | 900099 | $78,000 | $78,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $1,254,324 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $845 | TotalRevenueColumnAmt |
| Exclusion | $845 | ExclusionAmt |
Royalties Revenue RoyaltiesRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $710,837 | TotalRevenueColumnAmt |
| Exclusion | $710,837 | ExclusionAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $5,470,329 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $1,254,324 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $711,682 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part IX | Yes (X) | InfoInScheduleOPartIXInd |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $497,739 | TotalAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $800,996 | TotalAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $28,902 | TotalAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $120,142 | TotalAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $93,357 | TotalAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $948 | TotalAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $277,395 | TotalAmt |
Fees For Services Lobbying FeesForServicesLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $126,471 | TotalAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,157,727 | TotalAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $598,517 | TotalAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $119,480 | TotalAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,659 | TotalAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $92,405 | TotalAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $67,950 | TotalAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $853,437 | TotalAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $10,298 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $46,883 | TotalAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $22,548 | TotalAmt |
Other Expenses OtherExpensesGrp (3 entries)
| DescDesc | TotalTotalAmt |
|---|---|
| DUES AND SUBSCRIPTIONS | $35,465 |
| AWARDS | $23,667 |
| PAYROLL PROCESSING FEES | $12,379 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,991,365 | TotalAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,336,733 | BOYAmt |
| EOY | $2,690,904 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $31,335 | BOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $241,038 | BOYAmt |
| EOY | $39,508 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $13,748 | BOYAmt |
| EOY | $151,004 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $243,015 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $208,008 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $81,890 | BOYAmt |
| EOY | $35,007 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $237,142 | BOYAmt |
| EOY | $186,293 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,941,886 | BOYAmt |
| EOY | $3,102,716 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $438,842 | BOYAmt |
| EOY | $241,854 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $227,545 | BOYAmt |
| EOY | $162,175 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $272,342 | BOYAmt |
| EOY | $239,250 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,956,128 | BOYAmt |
| EOY | $1,933,444 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,894,857 | BOYAmt |
| EOY | $2,576,723 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $47,029 | BOYAmt |
| EOY | $525,993 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $47,029 | BOYAmt |
| EOY | $525,993 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,941,886 | BOYAmt |
| EOY | $3,102,716 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $478,964 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | Yes (1) | FederalGrantAuditRequiredInd |
| Federal Grant Audit Performed | Yes (1) | FederalGrantAuditPerformedInd |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantially All Dues Nonded | 0 | SubstantiallyAllDuesNondedInd |
| Only In House Lobbying | 0 | OnlyInHouseLobbyingInd |
| Agree Carryover Prior Year | Yes (1) | AgreeCarryoverPriorYearInd |
| Dues Assessments | $565,653 | DuesAssessmentsAmt |
| Non Deductible Lbbyng Pltcl CY | $126,471 | NonDeductibleLbbyngPltclCYAmt |
| Non Ded Lbbyng Pltcl Cyov | $14,652 | NonDedLbbyngPltclCyovAmt |
| Non Deductible Lbbyng Pltcl Tot | $141,123 | NonDeductibleLbbyngPltclTotAmt |
| Aggregate Reported Dues Ntc | $33,939 | AggregateReportedDuesNtcAmt |
| Carried Over | $107,184 | CarriedOverAmt |
Schedule D IRS990ScheduleD
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $243,015 | OtherCostOrOtherBasisAmt |
| Depreciation | $208,008 | DepreciationAmt |
| Book Value | $35,007 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $35,007 | TotalBookValueLandBuildingsAmt |
Other Assets Org OtherAssetsOrgGrp (3 entries)
| DescDesc | Book ValueBookValueAmt |
|---|---|
| DUE FROM RELATED PARTY | $98,158 |
| DEPOSITS | $13,065 |
| RIGHT-OF-USE ASSETS | $75,070 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | $186,293 | TotalBookValueOtherAssetsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)
| DescDesc | AmtAmt |
|---|---|
| REFUNDABLE ADVANCES | $1,850,600 |
| OPERATING LEASE LIABILITY | $82,844 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $1,933,444 | TotalLiabilityAmt |
| Total Rev Etc Audited Fincl Stmt | $5,484,708 | TotalRevEtcAuditedFinclStmtAmt |
| Donated Services And Use Fclts | $14,379 | DonatedServicesAndUseFcltsAmt |
| Revenue Not Reported | $14,379 | RevenueNotReportedAmt |
| Revenue Subtotal | $5,470,329 | RevenueSubtotalAmt |
| Revenue Not Reported Fincl Stmt | $0 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $5,470,329 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $5,005,744 | TotExpnsEtcAuditedFinclStmtAmt |
| Donated Services Use Fclts | $14,379 | DonatedServicesUseFcltsAmt |
| Expenses Not Reported | $14,379 | ExpensesNotReportedAmt |
| Expenses Subtotal | $4,991,365 | ExpensesSubtotalAmt |
| Expenses Not Rpt Fincl Stmt | $0 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $4,991,365 | TotalExpensesPerForm990Amt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (3 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| KELLY SCHULZ | ||||||||||||||
| CEO | $240,000 | $0 | $0 | $0 | $0 | $0 | $9,600 | $0 | $8,795 | $0 | $258,395 | $0 | $0 | $0 |
| MICHELLE FERRONE | ||||||||||||||
| CHIEF OPERATING OFFICER | $176,000 | $0 | $0 | $0 | $0 | $0 | $7,040 | $0 | $14,586 | $0 | $197,626 | $0 | $0 | $0 |
| WENDY WORM | ||||||||||||||
| VP OF MARKETING AND PROGRAMS | $137,500 | $0 | $7,500 | $0 | $0 | $0 | $5,500 | $0 | $7,873 | $0 | $158,373 | $0 | $0 | $0 |
Schedule L IRS990ScheduleL
Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp
Name Of Interested NameOfInterested
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SUBSTANTIAL CONTRIBUTOR | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship Description | SUBSTANTIAL CONTRIBUTOR | RelationshipDescriptionTxt |
| Transaction | $210,837 | TransactionAmt |
| Transaction | A SUBSTANTIAL CONTRIBUTOR ALSO PAYS ROYALTIES TO THE ORGANIZATION. | TransactionDesc |
| Sharing Of Revenues | 0 | SharingOfRevenuesInd |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (8 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 6 | THERE ARE REGULAR MEMBERS, ASSOCIATE MEMBERS, EDUCATION MEMBERS AND GOVERNMENT MEMBERS. ANY INDIVIDUAL, CORPORATION, PARTNERSHIP, OR OTHER LEGAL ENTITY THAT CONDUCTS RESEARCH AND DEVELOPMENT IN BIOTECHNOLOGY OR ADVANCED TECHNOLOGY, PRODUCES MATERIALS, PRODUCTS, OR EQUIPMENT, OR RENDERS TECHNOLOGICAL SERVICES IS ELIGIBLE TO BECOME A 'REGULAR MEMBER'. IN ADDITION, ANY FORMER EXECUTIVE OF SUCH AN ENTITY SHALL BE ELIGIBLE TO BECOME A REGULAR MEMBER. ANY INDIVIDUAL AND ANY CORPORATION, PARTNERSHIP, OR OTHER LEGAL ENTITY (OTHER THAN AN "EDUCATION MEMBER OR A "GOVERNMENT MEMBER") THAT EITHER (A) PROVIDES SERVICES FOR BIOTECHNOLOGY OR ADVANCED TECHNOLOGY BUSINESSES IN (I) COMMERCIAL OR INVESTMENT BANKING OR INVESTMENT ANALYSIS, (II) VENTURE CAPITAL, (III) REAL ESTATE DEVELOPMENT, MANAGEMENT OR LEASING, (IV) ACCOUNTING, (V) LEGAL COUNSELING, (VI) PUBLIC AFFAIRS, PUBLIC RELATIONS, INVESTOR RELATIONS, ADVERTISING, MARKETING OR MARKET RESEARCH (VII) CONSULTING, MANAGEMENT, PERSONNEL SEARCH OR TEMPORARY STAFFING, OR (VII) OTHER FIELDS USEFUL TO BIOTECHNOLOGY OR ADVANCED TECHNOLOGY BUSINESSES; OR (B) IS ORGANIZED PRIMARILY FOR THE DISTRIBUTION OR SALES REPRESENTATION OF PRODUCTS AND SERVICES IN BIOTECHNOLOGY OR ADVANCED TECHNOLOGY, IS ELIGIBLE TO BECOME AN "ASSOCIATE MEMBER". ANY EDUCATIONAL INSTITUTION THAT IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE CODE, OR THAT QUALIFIES UNDER SECTION 170(B)(I)(A)(II) OF THE CODE, IS ELIGIBLE TO BECOME AN "EDUCATION MEMBER". ANY FEDERAL, STATE OR LOCAL GOVERNMENT INSTITUTION OR OTHER AGENCY OR INSTRUMENTALITY THAT IS NOT PRIMARILY AN EDUCATIONAL INSTITUTION AND THAT CONDUCTS RESEARCH OR DEVELOPMENT IN BIOTECHNOLOGY OR ADVANCED TECHNOLOGY OR THAT SUPPORTS RESEARCH OR DEVELOPMENT IN BIOTECHNOLOGY OR ADVANCED TECHNOLOGY WILL BE ELIGIBLE TO BECOME A "GOVERNMENT MEMBER". |
| FORM 990, PART VI, SECTION A, LINE 7A | EACH REGULAR MEMBER WILL HAVE ONE VOTE ON ANY MATTER SUBMITTED TO A VOTE OF THE MEMBERS. ASSOCIATE MEMBERS, EDUCATION MEMBERS AND GOVERNMENT MEMBERS SHALL HAVE NO RIGHT TO VOTE AT MEETINGS OF THE MEMBERS. AT THE ANNUAL MEETINGS REGULAR MEMBERS ARE ENTITLED TO ELECT DIRECTORS TO SUCCEED THE DIRECTORS WHOSE TERMS EXPIRE AS OF THE DATE OF SUCH ANNUAL MEETING AND MAY TRANSACT ANY OTHER BUSINESS LAWFULLY BEFORE THEM. |
| FORM 990, PART VI, SECTION A, LINE 7B | ANY FUNDAMENTAL TRANSACTION MUST BE APPROVED, AUTHORIZED, OR RATIFIED BY THE AFFIRMATIVE VOTE OF: (I) A MAJORITY OF THE ENTIRE BOARD OF DIRECTORS; (II) THE HIGHER OF (X) A MAJORITY OF ALL REGULAR MEMBERS PRESENT IN PERSON OR BY PROXY AT THE MEETING OF THE MEMBERS, OR (Y) THIRTY-SEVEN AND ONE-HALF PERCENT (37.5%) OF ALL REGULAR MEMBERS; AND (III) THE HIGHER OF (X) TWO-THIRDS OF ALL REGULAR TECH MEMBERS OR REGULAR BIOTECHNOLOGY MEMBERS, AS APPLICABLE, PRESENT IN PERSON OR BY PROXY AT THE MEETING, OR (Y) THIRTY-SEVEN AND ONE-HALF PERCENT (37.5%) OF ALL REGULAR TECH MEMBERS OR ALL REGULAR BIOTECHNOLOGY MEMBERS, AS APPLICABLE. A "FUNDAMENTAL TRANSACTION" SHALL MEAN: (I) A PROPOSED CONSOLIDATION, MERGER OR DISSOLUTION INVOLVING THE COUNCIL AND ONE OR MORE OTHER LEGAL ENTITIES, THE EFFECT OF WHICH WOULD BE THAT THE ASSETS OF THE COUNCIL WERE NO LONGER HELD BY A SINGLE LEGAL ENTITY, OR (II) A PROPOSED AMENDMENT(S) TO THE CHARTER OF A SUPPORTING ORGANIZATION (OR A MERGER, CONSOLIDATION, TRANSFER OF ALL OR SUBSTANTIALLY ALL OF THE ASSETS OF A SUPPORTING ORGANIZATION, OR DISSOLUTION OF A SUPPORTING ORGANIZATION), THAT WOULD HAVE THE EFFECT OF LIMITING OR OVERRIDING THE RIGHT OF THE BOARD OF DIRECTORS TO ELECT THE BOARD OF DIRECTORS OF THE TCM FOUNDATION, OR THE RIGHT OF THE BOARD OF DIRECTORS TO ELECT THE BOARD OF DIRECTORS OF THE MARYLAND HEALTHCARE PRODUCT DEVELOPMENT CORPORATION. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE FORM 990 WAS PREPARED BY THE OUTSIDE ACCOUNTANTS. THE INITIAL REVIEW OF THE 990 IS CONDUCTED BY THE CHIEF OPERATING OFFICER. UPON COMPLETION IT IS FORWARDED TO THE CEO AND THEN PASSED ALONG TO THE AUDIT COMMITTEE FOR REVIEW. IT IS THEN FORWARDED TO THE CHAIRMAN OF THE BOARD OF DIRECTORS, HIGHLIGHTING AREAS OF SIGNIFICANCE. THE BOARD OF DIRECTORS PROVIDES ITS REVIEW AND COMMUNICATES TO MANAGEMENT THAT THE 990 CAN BE FINALIZED. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE CONFLICT OF INTEREST POLICY IS FORWARDED TO EACH MEMBER OF THE BOARD OF DIRECTORS ANNUALLY. IT MUST BE REVIEWED AND SIGNED BY BOTH THE NEW AND THE EXISTING DIRECTORS. ANY CONTRACT OR TRANSACTION BETWEEN THE COUNCIL AND ANY MEMBER OF THE BOARD OF DIRECTORS WILL BE REVIEWED TO DETERMINE IF IT IS FAIR AND REASONABLE TO THE COUNCIL, AND THE COI POLICY WILL BE COMPLIED WITH IF THE FACT OF THE COMMON DIRECTORSHIP OR INTEREST IS KNOWN TO THE BOARD OF DIRECTORS AND THE SAME AUTHORIZES, APPROVES OR RATIFIES THE CONTRACT OR TRANSACTION BY A MAJORITY VOTE OF DISINTERESTED MEMBERS OF THE BOARD OF DIRECTORS. |
| FORM 990, PART VI, SECTION B, LINE 15A | COMPENSATION OF KEY EMPLOYEES (NON CEO) IS TYPICALLY DETERMINED BY THE CEO. ANY SIGNIFICANT CHANGES TO COMPENSATION LEVELS MAY BE REFERRED TO THE BOARD OF DIRECTORS FOR APPROVAL. THE COMPENSATION FOR THE CEO IS ALWAYS DETERMINED BY THE BOARD OF DIRECTORS. PERIODICALLY, COMPENSATION STUDIES ARE PERFORMED TO DETERMINE IF MTC'S COMPENSATION IS COMPARABLE TO SIMILAR ORGANIZATIONS. THE LAST COMPENSATION REVIEW TOOK PLACE IN OCTOBER OF 2024. |
| FORM 990, PART VI, SECTION C, LINE 19 | MTC MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. |
| FORM 990, PART IX, LINE 11G | EVENT CONSULTING 1,023,297. OTHER CONSULTING 134,430. |
Schedule R IRS990ScheduleR
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Exempt Code SectionExemptCodeSectionTxt | Public Charity StatusPublicCharityStatusTxt | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt | Controlled OrganizationControlledOrganizationInd |
|---|---|---|---|---|---|---|---|---|---|---|
| TECHNOLOGY COUNCIL OF MARYLAND FOUNDATION INC | ||||||||||
| 12 W CHURCH STREET SUITE 220 | FREDERICK | MD | 21701 | 521480346 | TO GENERATE STEM RELATED PROGRAMS AND EDUCATIONAL MATERIALS | MD | 501(C)(3) | LINE 12A, 1 | TECHNOLOGY COUNCIL OF MARYLAND INC | Yes (1) |
| MARYLAND HEALTH CARE PRODUCT DEVELOPMENT CORP | ||||||||||
| 12 W CHURCH STREET SUITE 220 | FREDERICK | MD | 21701 | 521900080 | TO CREATE VIABLE NEW HEALTH CARE PRODUCTS AND BUSINESS IN MARYLAND | MD | 501(C)(3) | LINE 12A, 1 | TECHNOLOGY COUNCIL OF MARYLAND INC | Yes (1) |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | 0 | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | Yes (1) | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | Yes (1) | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | 0 | SharingOfFacilitiesInd |
| Paid Employees Sharing | 0 | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | Yes (1) | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp (5 entries)
| Transaction TypeTransactionTypeTxt | InvolvedInvolvedAmt | Method Of Amount DeterminationMethodOfAmountDeterminationTxt |
|---|---|---|
| TECHNOLOGY COUNCIL OF MARYLAND FOUNDATION INC | ||
| L | $78,000 | ACTUAL AMOUNT |
| TECHNOLOGY COUNCIL OF MARYLAND FOUNDATION INC | ||
| D | $70,898 | ACTUAL AMOUNT |
| MARYLAND HEALTHCARE PRODUCT DEVELOPMENT CORP | ||
| D | $27,169 | ACTUAL AMOUNT |
| TECHNOLOGY COUNCIL OF MARYLAND FOUNDATION INC | ||
| Q | $119,684 | ACTUAL AMOUNT |
| MARYLAND HEALTHCARE PRODUCT DEVELOPMENT CORP | ||
| Q | $7,808 | ACTUAL AMOUNT |