Civic Intelligence

Maryland Economic Development Association Inc (Meda)

EIN 52-2242009 • 501(c)6 • Baltimore, MD

Profile

A statewide organization of economic development professionals who promote economic well-being in maryland by working to improve the business climate and professionalism in the field of econ developmt.

PO Box 27039Baltimore, MD 21230

www.medamd.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

63rd percentile

0.02x

Higher debt load relative to assets than 63% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

68th percentile

0.03x

Higher debt load relative to revenue than 68% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2024

Net Margin

56th percentile

3.6%

Higher net margin than 56% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2024

Top Officer Pay

79th percentile

$0

Higher top officer pay than 79% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)6 • <$500k nonprofits • Source year 2024

Asset Growth

37th percentile

-8.4%

Faster asset growth than 37% of similar nonprofits.

501(c)6 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

62nd percentile

8.1%

Faster revenue growth than 62% of similar nonprofits.

501(c)6 • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets63rd percentile

Assets

Down

$431,599

Down $39,330 (-8.4%) from 2023

Liabilities

Up

$9,975

Up $3,333 (+50%) from 2023

Net Assets

Down

$421,624

Down $42,663 (-9.2%) from 2023

Operations
Liabilities / Revenue68th percentileNet Margin56th percentile

Revenue

Up

$300,763

Up $22,562 (+8.1%) from 2023

Expenses

Up

$289,821

Up $50,784 (+21%) from 2023

Net Income

Down

$10,942

Down $28,222 (-72%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth37th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$600K$400K$200K$0Assets 2010: $312,638Liabilities 2010: $22,274Net Assets 2010: $290,3642010Assets 2011: $261,559Liabilities 2011: $8,706Net Assets 2011: $252,8532011Assets 2012: $281,296Liabilities 2012: $24,205Net Assets 2012: $257,0912012Assets 2013: $300,825Liabilities 2013: $18,590Net Assets 2013: $282,2352013Assets 2014: $324,146Liabilities 2014: $11,560Net Assets 2014: $312,5862014Assets 2015: $330,058Liabilities 2015: $10,206Net Assets 2015: $319,8522015Assets 2016: $332,265Liabilities 2016: $11,930Net Assets 2016: $320,3352016Assets 2017: $335,400Liabilities 2017: $11,936Net Assets 2017: $323,4642017Assets 2018: $355,094Liabilities 2018: $26,292Net Assets 2018: $328,8022018Assets 2019: $382,681Liabilities 2019: $9,282Net Assets 2019: $373,3992019Assets 2020: $404,442Liabilities 2020: $6,942Net Assets 2020: $397,5002020Assets 2021: $426,691Liabilities 2021: $6,640Net Assets 2021: $420,0512021Assets 2022: $448,117Liabilities 2022: $13,451Net Assets 2022: $434,6662022Assets 2023: $470,929Liabilities 2023: $6,642Net Assets 2023: $464,2872023Assets 2024: $431,599Liabilities 2024: $9,975Net Assets 2024: $421,6242024

Highlighted filing

2024

Assets$431,599
Liabilities$9,975
Net Assets$421,624
Open 2024 Filing

Operations Trend

Revenue Growth62nd percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$400K$300K$200K$100K$0Expenses 2010: $122,5432010Expenses 2011: $130,4402011Expenses 2012: $153,7352012Revenue 2013: $174,380Expenses 2013: $149,236Net Income 2013: $25,1442013Revenue 2014: $173,283Expenses 2014: $142,932Net Income 2014: $30,3512014Revenue 2015: $162,125Expenses 2015: $154,859Net Income 2015: $7,2662015Revenue 2016: $177,065Expenses 2016: $164,352Net Income 2016: $12,7132016Revenue 2017: $191,315Expenses 2017: $171,747Net Income 2017: $19,5682017Revenue 2018: $198,682Expenses 2018: $193,344Net Income 2018: $5,3382018Revenue 2019: $218,290Expenses 2019: $173,693Net Income 2019: $44,5972019Revenue 2020: $208,985Expenses 2020: $184,884Net Income 2020: $24,1012020Revenue 2021: $239,005Expenses 2021: $216,454Net Income 2021: $22,5512021Revenue 2022: $258,416Expenses 2022: $228,037Net Income 2022: $30,3792022Revenue 2023: $278,201Expenses 2023: $239,037Net Income 2023: $39,1642023Revenue 2024: $300,763Expenses 2024: $289,821Net Income 2024: $10,9422024

Highlighted filing

2024

Revenue$300,763
Expenses$289,821
Net Income$10,942
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$431,599
Liabilities
$9,975
Net assets
$421,624
Revenue
$300,763
Expenses
$289,821
Net income
$10,942
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$4.32$0.10$4.22$3.01$2.90$0.11
2023Detailed filing. Detailed filing data is available for this year.$4.71$0.07$4.64$2.78$2.39$0.39
2022Detailed filing. Detailed filing data is available for this year.$4.48$0.13$4.35$2.58$2.28$0.30
2021Detailed filing. Detailed filing data is available for this year.$4.27$0.07$4.20$2.39$2.16$0.23
2020Detailed filing. Detailed filing data is available for this year.$4.04$0.07$3.98$2.09$1.85$0.24
2019Detailed filing. Detailed filing data is available for this year.$3.83$0.09$3.73$2.18$1.74$0.45
2018Detailed filing. Detailed filing data is available for this year.$3.55$0.26$3.29$1.99$1.93$0.05
2017Detailed filing. Detailed filing data is available for this year.$3.35$0.12$3.23$1.91$1.72$0.20
2016Detailed filing. Detailed filing data is available for this year.$3.32$0.12$3.20$1.77$1.64$0.13
2015Detailed filing. Detailed filing data is available for this year.$3.30$0.10$3.20$1.62$1.55$0.07
2014Detailed filing. Detailed filing data is available for this year.$3.24$0.12$3.13$1.73$1.43$0.30
2013Detailed filing. Detailed filing data is available for this year.$3.01$0.19$2.82$1.74$1.49$0.25
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.81$0.24$2.57$1.54
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.62$0.09$2.53$1.30
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.13$0.22$2.90$1.23
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Jul 23, 2025
Return Version
2024v5.0
Gross Receipts
$300,763
Mission and Program Overview

Mission

A statewide organization of economic development professionals who promote economic well-being in maryland by working to improve the business climate and professionalism in the field of econ developmt.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$300,558$300,609▲ $51
Cash and Non-Interest-Bearing Accounts$142,561$82,089▼ $60,472
Accounts Receivable$24,189$47,001▲ $22,812
Land, Buildings, and Equipment, Net$3,582$1,593▼ $1,989
Prepaid Expenses and Deferred Charges$39$307▲ $268
Total Assets$470,929$431,599▼ $39,330
Liabilities
Deferred Revenue$2,400$6,000▲ $3,600
Accounts Payable and Accrued Expenses$4,242$3,975▼ $267
Total Liabilities$6,642$9,975▲ $3,333
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$464,287$421,624▼ $42,663
Total Net Assets Fund Balance$464,287$421,624▼ $42,663
Total Liabilities and Net Assets / Fund Balance$470,929$431,599▼ $39,330

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$1,443$26,903$28,346
Equipment$150$3,541$3,691
Compensation and Service Providers
Top Officer Pay79th percentile

Board Members and Trustees

NameTitle
Richard GriffinPresident
Allison AkersDirector
Andrea MansfieldDirector
Dawn MedleyDirector
Denise BeaverDirector
Destiny MitchellDirector
Ebony StocksDirector
Jamie WilliamsDirector
Jennifer LahatteDirector
Jerry SanfordDirector
John StalfortDirector
Lara FrittsDirector
Lori ValentineDirector
Stephen RiceDirector
Trish HeidenreichDirector
Daniel ThompsonPast Preside
Kelly Robertson-slagleSecretary
Renee WinskyTreasurer
Tammi ThomasVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$64,100
Program Service Revenue
$228,650
Investment Income
$8,013
Other Revenue
$0
Change in Net Assets
$10,942
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$174,042
Other Expenses$115,779
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$144,667$16,074-$160,741
Fees for Services Other$18,293$6,098-$24,391
Information Technology$13,561$3,390-$16,951
Conferences and Meetings$14,633$1,626-$16,259
Payroll Taxes$11,971$1,330-$13,301
Office Expenses$3,736$934-$4,670
Fees for Services Accounting$2,744$1,176-$3,920
Insurance$2,673$297-$2,970
Depreciation Depletion$1,790$199-$1,989
Travel$1,453$363-$1,816
Other Expenses$1,472$164-$1,636
Total Functional Expenses$249,935$39,886$0$289,821
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 7A

“Election of officers is subject to the approval of membership.”

Form 990, Page 6, Part VI, Line 7B

“All bylaw changes are subject to the approval of the membership.”

Form 990, Page 6, Part VI, Line 11B

“Treasurer/financial officer review form 990 with board of directors.”

Form 990, Page 6, Part VI, Line 15A

“The executive committee reviews and approves the compensation of the executive director on an annual basis.”

Form 990, Page 6, Part VI, Line 19

“The governing documents and financial statements are available upon request at the organization's office.”

Filing and Contact Details

Filer

Filer Name
Maryland Economic Development
EIN
52-2242009
Phone
4103471246
Address
PO BOX 27039, BALTIMORE, MD 21230

Signing Officer

Name
Renee Winsky
Title
Treasurer
Phone
4103471246
Signed
2025-07-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Richard Griffin
Formed
1999
Legal Domicile
Md
Voting Board Members
19
Independent Board Members
19
Employees
2
Volunteers
20

Preparer

Firm
P C Financial Services LLC
Address
P O BOX 1003, MILLERSVILLE, MD 21108
Preparer
Lynne E Chaput CPA
Phone
4107290618
Supplemental Narrative

Additional Explanations

Form 990, Page 1, Part I, Line 6

“Volunteers assist with conferences, activities, committees and board positions.”

Form 990, Page 2, Part III, Line 4D

“Opportunities for members to develop partnerships and networking to promote economic growth in the state of maryland through local planning, workforce, transportation, international trade, tourism and finance.”

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/InformationTechnologyGrp/TotalAmt016951
IRS990/InsuranceGrp/ManagementAndGeneralAmt0297
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IRS990/MinutesOfCommitteesInd0true
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IRS990/MissionDesc0A STATEWIDE ORGANIZATION OF ECONOMIC DEVELOPMENT PROFESSIONALS WHO PROMOTE ECONOMIC WELL-BEING IN MARYLAND BY WORKING TO IMPROVE THE BUSINESS CLIMATE AND PROFESSIONALISM IN THE FIELD OF ECON DEVELOPMT.
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IRS990/MoreThan5000KToOrgInd0false
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IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherExpensesGrp/Desc0MARKETING & COMMUNICATION
IRS990/OtherExpensesGrp/Desc1MEMBER SERVICES
IRS990/OtherExpensesGrp/Desc2TELEPHONE/FAX
IRS990/OtherExpensesGrp/Desc3BANK & CREDIT CARD FEES
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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt11333
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2674
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt3164
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IRS990/OtherExpensesGrp/ProgramServicesAmt15334
IRS990/OtherExpensesGrp/ProgramServicesAmt22698
IRS990/OtherExpensesGrp/ProgramServicesAmt31472
IRS990/OtherExpensesGrp/TotalAmt031138
IRS990/OtherExpensesGrp/TotalAmt16667
IRS990/OtherExpensesGrp/TotalAmt23372
IRS990/OtherExpensesGrp/TotalAmt31636
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt016074
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0144667
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IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt01330
IRS990/PayrollTaxesGrp/ProgramServicesAmt011971
IRS990/PayrollTaxesGrp/TotalAmt013301
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IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt039
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0307
IRS990/PrincipalOfficerNm0RICHARD GRIFFIN
IRS990/PriorPeriodAdjustmentsAmt0-53605
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IRS990/ProgramServiceRevenueGrp/Desc0PROGRAM SERVICE REVENUE
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IRS990/ProgSrvcAccomActyOtherGrp/Desc0OPPORTUNITIES FOR MEMBERS TO DEVELOP PARTNERSHIPS AND NETWORKING TO PROMOTE ECONOMIC GROWTH IN THE STATE OF MARYLAND THROUGH LOCAL PLANNING, WORKFORCE, TRANSPORTATION, INTERNATIONAL TRADE, TOURISM AND FINANCE.
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IRS990ScheduleD/EquipmentGrp/DepreciationAmt03541
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IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt026903
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt028346
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0VOLUNTEERS ASSIST WITH CONFERENCES, ACTIVITIES, COMMITTEES AND BOARD POSITIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1OPPORTUNITIES FOR MEMBERS TO DEVELOP PARTNERSHIPS AND NETWORKING TO PROMOTE ECONOMIC GROWTH IN THE STATE OF MARYLAND THROUGH LOCAL PLANNING, WORKFORCE, TRANSPORTATION, INTERNATIONAL TRADE, TOURISM AND FINANCE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ELECTION OF OFFICERS IS SUBJECT TO THE APPROVAL OF MEMBERSHIP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ALL BYLAW CHANGES ARE SUBJECT TO THE APPROVAL OF THE MEMBERSHIP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4TREASURER/FINANCIAL OFFICER REVIEW FORM 990 WITH BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE EXECUTIVE COMMITTEE REVIEWS AND APPROVES THE COMPENSATION OF THE EXECUTIVE DIRECTOR ON AN ANNUAL BASIS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST AT THE ORGANIZATION'S OFFICE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 1, PART I, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/TerminateOperationsInd0false
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IRS990/TotalRevenueGrp/ExclusionAmt08013
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IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0300763
IRS990/TotalVolunteersCnt020
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0431599
IRS990/TravelGrp/ManagementAndGeneralAmt0363
IRS990/TravelGrp/ProgramServicesAmt01453
IRS990/TravelGrp/TotalAmt01816
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt019
IRS990/VotingMembersIndependentCnt019
IRS990/WebsiteAddressTxt0WWW.MEDAMD.COM
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0RENEE WINSKY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum04103471246
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-07-23
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MARYLAND ECONOMIC DEVELOPMENT
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0ASSOCIATION INC (MEDA)
ReturnHeader/Filer/BusinessNameControlTxt0MARY
ReturnHeader/Filer/EIN0522242009
ReturnHeader/Filer/PhoneNum04103471246
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 27039
ReturnHeader/Filer/USAddress/CityNm0BALTIMORE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MD
ReturnHeader/Filer/USAddress/ZIPCd021230
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0522223052
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0P C FINANCIAL SERVICES LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0P O BOX 1003
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MILLERSVILLE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd021108
ReturnHeader/PreparerPersonGrp/PhoneNum04107290618
ReturnHeader/PreparerPersonGrp/PreparationDt02025-07-23
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0LYNNE E CHAPUT CPA

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