Cause IQ organization profile

Maryland Economic Development Corporation (MEDC)

Program areas | Form 990s | Financials | Vendors | Personnel | Peers

MEDC is a economic development organization based in Baltimore, MD that was founded in 1984. As of 2018 they had $136 million in revenue and $533 million in assets.

The legislative purposes of MEDC are to: relieve unemployment in the State; encourage the increase of business activity and commerce and a balanced economy in the State; help retain and attract business activity and commerce in the State.

Fiscal year end:
Revenue trends:
Asset trends:

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.

Form 990s for MEDC

Fiscal year endingDate received by IRSFormPDF link
2018-06Jun 19, 2019990View PDF
2017-06Apr 10, 2018990View PDF
2016-06Jul 19, 2017990OView PDF
2015-06Apr 6, 2016990OView PDF
2014-06Feb 6, 2015990OView PDF
...and five more Form 990 PDFs

Financials for MEDC

Total grants, contributions, etc.$4,476,921
Program services$137,916,012
Investment income and dividends$1,141,458
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$-7,380,241
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$128,185
Total revenues$136,282,335

Vendors for MEDC

VendorServicesAmount paidDate
KimbiaFundraising software2020-09-09
███████ ███ ████Fundraising software; Payment processing2020-09-09
█████████Content management system software2020-09-09
████ ███ ███ ████████ ████████ ███Tax accounting2019-03-26
█████ ███████████Management Fees$654,8622018-06-01
████████ ███████████ ███████████Management and Development$1,937,3242018-06-01
█████████ ██████████ █████ ████ ███Consultant$2,546,1292018-06-01
███ ████████ ████████ ███Construction Contractor$1,980,0002018-06-01
...and one more vendors

Personnel at MEDC

NameTitleCompensationMost recent data
James R MillerChief Financial Officer$141,004June 30, 2018
Robert BrennanExecutive Director and Secretary$250,122May 14, 2019
███████ █ ███████Director of Special Projects$180,000June 30, 2018
███████ █ █████Director of Bond Financing$120,838June 30, 2018
█████ █ █████Controller$110,960June 30, 2018
█████ ██████Chairman$0June 30, 2018
███████ ███Treasurer / Board$0June 30, 2018
██████ ████████Vice Chairman$0June 30, 2018
█████ ███████Past Treasurer$0June 30, 2016
███████ ██████████Board Member / Vice Chairman$0Dec. 7, 2015
...and three more key personnel

Peer economic development organizations

1NDC Housing and Economic Development Corporation501(c)(3)$91 millionNew York, NY
2JobsOhio Beverage System501(c)(3)$494 millionColumbus, OH
3Fort Schuyler Management Corporation (FSMC)501(c)(3)$432 millionAlbany, NY
4Cuyahoga County Convention Facilities Development Corporation501(c)(4)$61 millionCleveland, OH
5Focus on Energy501(c)(6)$103 millionMadison, WI
6ActBlue501(c)(4)$49 millionSomerville, MA
7Delta Dental of Ohio501(c)(4)$613 millionLansing, MI
8Municipal Improvement Corporation of Los Angeles501(c)(4)$70 millionLos Angeles, CA
9Voters in Charge501(c)(4)$39 millionTallahassee, FL
10Delta Dental Plan Of Vermont501(c)(4)$81 millionConcord, NH
11Delta Dental Plan of Maine501(c)(4)$127 millionConcord, NH
12Rocky Mountain Health Plans (RMHP)501(c)(4)$618 millionGrand Junction, CO
13Delta Dental Plan of Indiana501(c)(4)$223 millionLansing, MI
14Chan Zuckerberg Advocacy501(c)(4)$108 millionPalo Alto, CA
15Berger Action Fund501(c)(4)$226 millionWashington, DC
16Fund for Policy Reform501(c)(4)$100 millionNew York, NY
17State Engagement Fund501(c)(4)$50 millionRaleigh, NC
18The New Clinical Program Development Corporation501(c)(3)$40 millionNew Haven, CT
19SunSystem Development Corporation501(c)(3)$34 millionAltamonte Springs, FL
20Associated Jewish Charities of Baltimore501(c)(3)$42 millionBaltimore, MD
21The T. Rowe Price Program for Charitable Giving501(c)(3)$110 millionOwings Mills, MD
22UMBF UMB Foundation501(c)(3)$53 millionBaltimore, MD
23Partnership for Supply Chain Management (PFSCM)501(c)(3)$515 millionArlington, VA
24YWCA GLA Urban Campus Development Corp501(c)(3)$60 millionLos Angeles, CA
25Claude Worthington Benedum Foundation501(c)(3)$44 millionPittsburgh, PA