Program areas at MEDC
Chesapeake bay conference center is a hospitality project located in cambridge, Maryland.
Umcp energy is a program under which medco leases land, certain energy conversion facilities and steam, electricity and chilled water delivery systems at the umcp campus in prince george's county, Maryland, and provides energy conversion, delivery and related services to umcp.
Umcp housing is a program under which medco leases land used for the south campus commons and the courtyards at the umcp campus in prince george's county, Maryland.
Medco provided financing packages or favorable lease terms for many projects throughout the state. In addition, medco assisted organizations in their efforts to expand or modernize.
Who funds Maryland Economic Development Corporation (MEDC)
Grants from foundations and other nonprofits
Personnel at MEDC
Name | Title | Compensation | Date of data |
---|
James R Miller | Chief Financial Officer | $170,695 | 2022-06-30 |
J Thomas Sadowski | Executive Director | $122,298 | 2023-04-06 |
Robert C Brennan | Executive Director and Secretary | $278,745 | 2022-06-30 |
John Genakos | Director of Development | $133,609 | 2022-06-30 |
Richard S Cassard | Director of Special Projects | $187,996 | 2022-06-30 |
...and 13 more key personnel |
Financials for MEDC
Revenues | FYE 06/2022 | FYE 06/2021 | % Change |
---|
Total grants, contributions, etc. | $0 | $0 | - |
Program services | $157,505,712 | $118,449,638 | 33% |
Investment income and dividends | $538,196 | $278,038 | 93.6% |
Tax-exempt bond proceeds | $143,602 | $284,308 | -49.5% |
Royalty revenue | $0 | $0 | - |
Net rental income | $0 | $0 | - |
Net gain from sale of non-inventory assets | $-728,880 | $-368,436 | -97.8% |
Net income from fundraising events | $0 | $0 | - |
Net income from gaming activities | $0 | $0 | - |
Net income from sales of inventory | $0 | $0 | - |
Miscellaneous revenues | $61,330,641 | $36,938 | - |
Total revenues | $218,789,271 | $118,680,486 | 84.4% |
Organizations like MEDC
Organization | Type | Location | Revenue |
---|
NDC Housing and Economic Development Corporation | 501(c)(3) | Brooklyn, NY | $129,829,382 |
New York City Economic Development Corporation (NYCEDC) | 501(c)(3) | New York, NY | $664,016,417 |
43north Foundation | 501(c)(3) | Buffalo, NY | $56,484,204 |
JobsOhio Beverage System | 501(c)(3) | Columbus, OH | $596,517,785 |
Fort Schuyler Management Corporation (FSMC) | 501(c)(3) | Albany, NY | $73,698,654 |
Focus on Energy | 501(c)(6) | Madison, WI | $99,926,553 |
Open Philanthropy Action Fund | 501(c)(4) | Palo Alto, CA | $63,966,410 |
Municipal Improvement Corporation of Los Angeles | 501(c)(4) | Los Angeles, CA | $70,901,113 |
Electrical Industry Board of Nassau and Suffolk Counties | 501(c)(5) | Hauppauge, NY | $113,480,505 |
Akron Children's Health Collaborative | 501(c)(4) | Akron, OH | $73,489,103 |
Data update history
May 15, 2023
Updated personnel
Identified 9 new personnel
May 10, 2023
Used new vendors
Identified 2 new vendors, including , and
February 4, 2023
Posted financials
Added Form 990 for fiscal year 2020
October 3, 2021
Used new vendors
Identified 3 new vendors, including , , and
August 21, 2021
Posted financials
Added Form 990 for fiscal year 2019
Nonprofit Types
Public sector nonprofitsBusiness and community development organizations
Issues
Community improvementEconomic development
Characteristics
State / local level
General information
- Address
- 7 Saint Paul St 940
- Baltimore, MD 21202
- Metro area
- Baltimore-Columbia-Towson, MD
- Website URL
- medco-corp.com/Â
- Phone
- (410) 625-0051
IRS details
- EIN
- 52-1376562
- Fiscal year end
- June
- Taxreturn type
- Form 990
- Year formed
- 1984
- Eligible to receive tax-deductible contributions (Pub 78)
- No
Categorization
- NTEE code, primary
- S30: Economic Development
- NAICS code, primary
- 926110: Economic Development Corporations and Economic Program Organizations
- Parent/child status
- Independent
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