Maryland Health-Care Product Development Corporation
- Assets
- $2.8m
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Frederick, MD
- Founding
- 01/1997
- Data as of
- 06/2021
- EIN
- 52-1900080
Organization Overview
Maryland Health-Care Product Development Corporation is located in Frederick, MD. The organization was established in 1997. According to its NTEE Classification (S03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Maryland Health-Care Product Development Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO CREATE VIABLE NEW HEALTH CARE PRODUCTS AND BUSINESSES IN MARYLAND AND THE SURROUNDING REGION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BUILD STRONGER TECHNOLOGY AND LIFE SCIENCE COMMUNITIES IN MARYLAND BY NURTURING A HEALTHY AND VIBRANT ENVIRONMENT WHERE MEMBERS CAN CONNECT AND PROSPER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Grant See Schedule O Mhcpdc CFO (thru 5/21) | Officer | 2 | $5,500 |
Martin Rosendale CEO (begin June 2021) | Officer | 1 | $0 |
Steven L Meltzer Director | Trustee | 1 | $0 |
Edgar C Harrell Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $0 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $16,251 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $279 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,315 |
| All other expenses | $0 |
| Total functional expenses | $18,845 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $179 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,384 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $2,764,108 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,766,671 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $9,145 |
| Total liabilities | $9,145 |
| Net assets without donor restrictions | $2,757,526 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,766,671 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Association Of University Professors Washington, DC | $14,341,137 | $8,888,177 |
Association For Iron And Steel Technology Warrendale, PA | $25,867,856 | $8,482,182 |
Virginia Society Of Certified Public Accountants Glen Allen, VA | $7,638,918 | $5,705,008 |
Pipe Line Contractors Association Arlington, VA | $3,589,636 | $6,412,897 |
Maryland Association Of Certified Public Accountants Towson, MD | $5,874,281 | $4,922,234 |
Pennsylvania Municipal League Harrisburg, PA | $4,038,620 | $4,353,678 |
Learning Undefeated Inc Gaithersburg, MD | $6,516,289 | $2,709,054 |
National Utility Contractors Association Inc Fairfax, VA | $2,626,638 | $2,535,336 |
Bbb Wise Giving Alliance Arlington, VA | $1,735,279 | $2,119,242 |
National Hispanic Medical Association Washington, DC | $1,336,182 | $2,970,215 |
Pennsylvania Surplus Lines Association Exton, PA | $6,353,987 | $2,358,445 |
Women Business Leaders Of The U S Health Care Industry Foundation Arlington, VA | $1,419,085 | $1,982,978 |