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 | $183,413 | 2023-06-30 |
| J Thomas Sadowski | Executive Director | $294,763 | 2024-04-15 |
| Amy Velich | Director of Financing | $127,811 | 2023-06-30 |
| Daniel McCrea | Director of Information Technology | | 2023-06-25 |
| Sarah Horta | Director of Innovation and Strategic Partnerships | | 2023-06-25 |
| ...and 15 more key personnel |
Financials for MEDC
| Revenues | FYE 06/2023 | FYE 06/2022 | % Change |
|---|
| Total grants, contributions, etc. | $0 | $0 | - |
| Program services | $192,677,624 | $157,505,712 | 22.3% |
| Investment income and dividends | $4,491,060 | $538,196 | 734.5% |
| Tax-exempt bond proceeds | $5,408,773 | $143,602 | 3666.5% |
| Royalty revenue | $0 | $0 | - |
| Net rental income | $0 | $0 | - |
| Net gain from sale of non-inventory assets | $-658,598 | $-728,880 | 9.6% |
| Net income from fundraising events | $0 | $0 | - |
| Net income from gaming activities | $0 | $0 | - |
| Net income from sales of inventory | $0 | $0 | - |
| Miscellaneous revenues | $250,703 | $61,330,641 | -99.6% |
| Total revenues | $202,169,562 | $218,789,271 | -7.6% |
Organizations like MEDC
| Organization | Type | Location | Revenue |
|---|
| Cuyahoga County Convention Facilities Development Corporation | 501(c)(4) | Cleveland, OH | $59,055,405 |
| JobsOhio Beverage System | 501(c)(3) | Columbus, OH | $711,463,360 |
| NDC Housing and Economic Development Corporation - Group Return | 501(c)(3) | New York, NY | $115,628,960 |
| New York City Economic Development Corporation (NYCEDC) | 501(c)(3) | New York, NY | $664,016,417 |
| Focus on Energy | 501(c)(6) | Madison, WI | $101,503,352 |
| One Nation | 501(c)(4) | Haymarket, VA | $124,953,914 |
| Peterson Solutions Fund | 501(c)(4) | New York, NY | $408,097,861 |
| Californians for Tribal Sovereignty and Safe Gaming | 501(c)(4) | Los Angeles, CA | $116,980,891 |
| Unlikely Giving | 501(c)(4) | Wichita, KS | $55,491,744 |
| Municipal Improvement Corporation of Los Angeles | 501(c)(4) | Los Angeles, CA | $70,901,113 |
Data update history
May 19, 2024
Posted financials
Added Form 990 for fiscal year 2023
May 18, 2024
Updated personnel
Identified 2 new personnel
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
June 25, 2023
Updated personnel
Identified 10 new personnel
June 16, 2023
Posted financials
Added Form 990 for fiscal year 2022
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
- County
- Baltimore City, 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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