TECHNOLOGY COUNCIL OF MARYLAND

EIN: 204950778 Community Improvement

ROCKVILLE, MD

Total Revenue
$4,821,639
Total Expenses
$4,969,104
Total Assets
$3,958,539
Net Assets
$378,528
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2006
Legal Domicile
MD
Principal Officer
KELLY SCHULZ
Phone
2402434026
Tax Period
2024-07-01 to 2025-06-30

TECHNOLOGY COUNCIL OF MARYLAND, founded in 2006, is a community nonprofit in the Community Improvement sector that reported $4.8M in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year.

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.

Program Service Accomplishments

Program 1

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...

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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.

Program 2

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...

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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".

Program 3

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...

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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.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $3,591,850
Program Service Revenue $1,128,113
Investment Income $0
Other Revenue $101,676
TOTAL REVENUE $4,821,639

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,382,290
Fundraising Expenses $0
Other Expenses $3,586,814
TOTAL EXPENSES $4,969,104

Year-over-Year Comparison

2024 2023 Change
Revenue $4,821,639 $5,470,329 -0.1%
Expenses $4,969,104 $4,991,365 0.0%
Net Income $-147,465 $478,964 -1.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
35
Independent Members
35
Employees
16
Volunteers
100

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$497,337
Total Directors
43
$0
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRAD STEWART BOARD CHAIR 10.00
Officer Director
$0 $0 $0
DAVID TOHN BOARD VICE-CHAIR 10.00
Officer Director
$0 $0 $0
STEVEN MELTZER BOARD SECRETARY 10.00
Officer Director
$0 $0 $0
MICHAEL BUHER BOARD TREASURER 10.00
Officer Director
$0 $0 $0
ALAN LANGELLI BOARD MEMBER 5.00
Director
$0 $0 $0
ALEXANDER NUNEZ BOARD MEMBER 5.00
Director
$0 $0 $0
ALLYSON BLACK-WOODSON BOARD MEMBER 5.00
Director
$0 $0 $0
AMANDA ROSENTHAL BOARD MEMBER 5.00
Director
$0 $0 $0
BRET SCHREIBER BOARD MEMBER 5.00
Director
$0 $0 $0
BRYAN HUGHES BOARD MEMBER 5.00
Director
$0 $0 $0
CJ OVERLY BOARD MEMBER 5.00
Director
$0 $0 $0
CHARLES CRAWFORD BOARD MEMBER 5.00
Director
$0 $0 $0
DANIEL COCHRAN BOARD MEMBER 5.00
Director
$0 $0 $0
DAVID BUONORA BOARD MEMBER 5.00
Director
$0 $0 $0
DEAN MERRITT BOARD MEMBER 5.00
Director
$0 $0 $0
DERON JOHNSON BOARD MEMBER 5.00
Director
$0 $0 $0
GERALD ESCOBAR BOARD MEMBER 5.00
Director
$0 $0 $0
GREG STONE BOARD MEMBER 5.00
Director
$0 $0 $0
GREG TSELIKIS BOARD MEMBER 5.00
Director
$0 $0 $0
JACOB GREENWOOD BOARD MEMBER 5.00
Director
$0 $0 $0
JAMES CRIFASI BOARD MEMBER 5.00
Director
$0 $0 $0
JEFF BATHURST BOARD MEMBER 5.00
Director
$0 $0 $0
JEFF GRIFFIN BOARD MEMBER 5.00
Director
$0 $0 $0
JONATHAN SACHS BOARD MEMBER 5.00
Director
$0 $0 $0
JUDY JENKINS BOARD MEMBER 5.00
Director
$0 $0 $0
KATIE MCEVOY BOARD MEMBER 5.00
Director
$0 $0 $0
KIRKLAND MURRAY BOARD MEMBER 5.00
Director
$0 $0 $0
MACEY SMITH BOARD MEMBER 5.00
Director
$0 $0 $0
MARKUS WEISS BOARD MEMBER 5.00
Director
$0 $0 $0
MATT MEEHAN BOARD MEMBER 5.00
Director
$0 $0 $0
MATTHEW BRADY BOARD MEMBER 5.00
Director
$0 $0 $0
MATTHEW SHIFFERMILLER BOARD MEMBER 5.00
Director
$0 $0 $0
NAREN KADABA BOARD MEMBER 5.00
Director
$0 $0 $0
PATRICK STONE BOARD MEMBER 5.00
Director
$0 $0 $0
PAUL PLYMOUTH BOARD MEMBER 5.00
Director
$0 $0 $0
RAJAN NATARAJAN BOARD MEMBER 5.00
Director
$0 $0 $0
RENEE IACONA BOARD MEMBER 5.00
Director
$0 $0 $0
ROB CORRADI BOARD MEMBER 5.00
Director
$0 $0 $0
RODNEY WILLIAMS BOARD MEMBER 5.00
Director
$0 $0 $0
SILVIA TAYLOR BOARD MEMBER 5.00
Director
$0 $0 $0
STEVEN WALKER BOARD MEMBER 5.00
Director
$0 $0 $0
TIMOTHY LYDEN BOARD MEMBER 5.00
Director
$0 $0 $0
TROY LEMAILE-STOVALL BOARD MEMBER 5.00
Director
$0 $0 $0
KELLY SCHULZ CEO 40.00
Officer
$263,508 $24,088 $287,596
MICHELLE FERRONE COO 40.00
Officer
$188,471 $21,270 $209,741
WENDY WORM VP MARKETING AND EVENTS 40.00
Highest
$137,500 $15,223 $152,723
PAMELA LUBEL VP MEMBERSHIP 40.00
Highest
$102,006 $17,570 $119,576
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $4,821,639 $4,969,104 $3,958,539 $-147,465
2024 No data No data No data No data
2023 $3,573,182 $3,732,875 $3,941,886 $-159,693
2022 $2,795,155 $2,935,738 $1,077,501 $-140,583
2021 $2,530,909 $2,060,884 $1,120,941 $470,025
2020 $1,654,134 $1,559,998 $1,358,966 $94,136
2019 $2,120,024 $1,791,434 $947,542 $328,590
2018 $1,797,716 $1,492,655 $675,901 $305,061
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