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Nonprofit · EIN 20-4950778

TECHNOLOGY COUNCIL OF MARYLAND INC

Tax-exempt · ROCKVILLE, MD 20850

Financials

$3.6M$3.7M2022$5.5M$5M2023$4.8M$5M2024
Revenue Expenses · by fiscal year end
Financials of TECHNOLOGY COUNCIL OF MARYLAND INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$4,821,639$4,969,104-$147,465$3,958,539$3,580,011$378,528
June 30, 2024990$5,470,329$4,991,365$478,964$3,102,716$2,576,723$525,993
June 30, 2023990$3,573,182$3,732,875-$159,693$3,941,886$3,894,857$47,029
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$3,591,850
of which government grants
$2,190,771
Program service revenue
$1,128,113
Investment income
$0
Royalties
$101,676
Other revenue
$101,676

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$460,355
Other salaries and wages
$697,279
Salaries, compensation and benefits (total)
$1,382,290
Professional fundraising fees
$0
Legal fees
$429
Accounting fees
$224,361
Occupancy
$597,730
Travel
$119,303
Depreciation
$90,805

Balance sheet and other

Total assets, start of year
$3,102,716
Total assets, end of year
$3,958,539
Total liabilities, end of year
$3,580,011
Net assets, end of year
$378,528
Land, buildings and equipment
$491,843
Net assets without donor restrictions
$378,528
Gross receipts
$4,821,639
Employees
16
Volunteers
100
Year formed
2006
State of legal domicile
MD

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended June 30, 2025, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
KELLY SCHULZCEO
Officer
40$263,508$24,088
MICHELLE FERRONECOO
Officer
40$188,471$21,270
WENDY WORMVP MARKETING AND EVENTS
Highest-paid employee
40$137,500$15,223
PAMELA LUBELVP MEMBERSHIP
Highest-paid employee
40$102,006$17,570
BRAD STEWARTBOARD CHAIR
Trustee or director, Officer
10$0$0
DAVID TOHNBOARD VICE-CHAIR
Trustee or director, Officer
10$0$0
STEVEN MELTZERBOARD SECRETARY
Trustee or director, Officer
10$0$0
MICHAEL BUHERBOARD TREASURER
Trustee or director, Officer
10$0$0
ALAN LANGELLIBOARD MEMBER
Trustee or director
5$0$0
ALEXANDER NUNEZBOARD MEMBER
Trustee or director
5$0$0
ALLYSON BLACK-WOODSONBOARD MEMBER
Trustee or director
5$0$0
AMANDA ROSENTHALBOARD MEMBER
Trustee or director
5$0$0
BRET SCHREIBERBOARD MEMBER
Trustee or director
5$0$0
BRYAN HUGHESBOARD MEMBER
Trustee or director
5$0$0
CJ OVERLYBOARD MEMBER
Trustee or director
5$0$0
32 more people on this return
NameTitleHours / weekCompensation
CHARLES CRAWFORDBOARD MEMBER
Trustee or director
5$0
DANIEL COCHRANBOARD MEMBER
Trustee or director
5$0
DAVID BUONORABOARD MEMBER
Trustee or director
5$0
DEAN MERRITTBOARD MEMBER
Trustee or director
5$0
DERON JOHNSONBOARD MEMBER
Trustee or director
5$0
GERALD ESCOBARBOARD MEMBER
Trustee or director
5$0
GREG STONEBOARD MEMBER
Trustee or director
5$0
GREG TSELIKISBOARD MEMBER
Trustee or director
5$0
JACOB GREENWOODBOARD MEMBER
Trustee or director
5$0
JAMES CRIFASIBOARD MEMBER
Trustee or director
5$0
JEFF BATHURSTBOARD MEMBER
Trustee or director
5$0
JEFF GRIFFINBOARD MEMBER
Trustee or director
5$0
JONATHAN SACHSBOARD MEMBER
Trustee or director
5$0
JUDY JENKINSBOARD MEMBER
Trustee or director
5$0
KATIE MCEVOYBOARD MEMBER
Trustee or director
5$0
KIRKLAND MURRAYBOARD MEMBER
Trustee or director
5$0
MACEY SMITHBOARD MEMBER
Trustee or director
5$0
MARKUS WEISSBOARD MEMBER
Trustee or director
5$0
MATT MEEHANBOARD MEMBER
Trustee or director
5$0
MATTHEW BRADYBOARD MEMBER
Trustee or director
5$0
MATTHEW SHIFFERMILLERBOARD MEMBER
Trustee or director
5$0
NAREN KADABABOARD MEMBER
Trustee or director
5$0
PATRICK STONEBOARD MEMBER
Trustee or director
5$0
PAUL PLYMOUTHBOARD MEMBER
Trustee or director
5$0
RAJAN NATARAJANBOARD MEMBER
Trustee or director
5$0
RENEE IACONABOARD MEMBER
Trustee or director
5$0
ROB CORRADIBOARD MEMBER
Trustee or director
5$0
RODNEY WILLIAMSBOARD MEMBER
Trustee or director
5$0
SILVIA TAYLORBOARD MEMBER
Trustee or director
5$0
STEVEN WALKERBOARD MEMBER
Trustee or director
5$0
TIMOTHY LYDENBOARD MEMBER
Trustee or director
5$0
TROY LEMAILE-STOVALLBOARD MEMBER
Trustee or director
5$0
990 for the year ended June 30, 2024: 47 people
NameTitleHours / weekCompensationOther / benefits
KELLY SCHULZCEO
Officer
40$240,000$18,395
MICHELLE FERRONECHIEF OPERATING OFFICER
Officer
40$176,000$21,626
WENDY WORMVP OF MARKETING AND PROGRAMS
Highest-paid employee
40$145,000$13,373
PAMELA LUBELVP OF MEMBERSHIP
Highest-paid employee
40$117,687$17,847
BRAD STEWARTCHAIR
Trustee or director, Officer
5$0$0
DAVID TOHNVICE CHAIR
Trustee or director, Officer
5$0$0
MICHAEL BUHERTREASURER
Trustee or director, Officer
5$0$0
STEVEN MELTZERSECRETARY
Trustee or director, Officer
5$0$0
DANIEL COCHRANBOARD MEMBER
Trustee or director
3$0$0
JEFFREY GALVINBOARD MEMBER
Trustee or director
3$0$0
DERON JOHNSONBOARD MEMBER
Trustee or director
3$0$0
KIRKLAND MURRAYBOARD MEMBER
Trustee or director
3$0$0
ALAN LANGELLIBOARD MEMBER
Trustee or director
3$0$0
KATIE MCEVOYBOARD MEMBER
Trustee or director
3$0$0
ALEX SEVILLABOARD MEMBER
Trustee or director
3$0$0
ALEXANDER NUNEZBOARD MEMBER
Trustee or director
3$0$0
MICHELE OSMANBOARD MEMBER
Trustee or director
3$0$0
CJ OVERLYBOARD MEMBER
Trustee or director
3$0$0
KOLALEH ESKANDANIANBOARD MEMBER
Trustee or director
3$0$0
MATTHEW SHIFFERMILLERBOARD MEMBER
Trustee or director
3$0$0
JEFF GRIFFINBOARD MEMBER
Trustee or director
3$0$0
TIMOTHY LYDENBOARD MEMBER
Trustee or director
3$0$0
BRET SCHREIBERBOARD MEMBER
Trustee or director
3$0$0
STEVEN WALKERBOARD MEMBER
Trustee or director
3$0$0
RAJAN NATARAJANBOARD MEMBER
Trustee or director
3$0$0
RODNEY WILLIAMSBOARD MEMBER
Trustee or director
3$0$0
AMANDA ROSENTHALBOARD MEMBER
Trustee or director
3$0$0
HELEN MONTAGBOARD MEMBER
Trustee or director
3$0$0
JUDY JENKINSBOARD MEMBER
Trustee or director
3$0$0
NAREN KADABABOARD MEMBER
Trustee or director
3$0$0
GERALD ESCOBARBOARD MEMBER
Trustee or director
3$0$0
KEVIN ANDERSONBOARD MEMBER
Trustee or director
3$0$0
TODD MARKSBOARD MEMBER
Trustee or director
3$0$0
SILVIA TAYLORBOARD MEMBER
Trustee or director
3$0$0
PATRICK STONEBOARD MEMBER
Trustee or director
3$0$0
MATT MEEHANBOARD MEMBER
Trustee or director
3$0$0
JAMES CRIFASIBOARD MEMBER
Trustee or director
3$0$0
SARAH THOMASBOARD MEMBER
Trustee or director
3$0$0
BRYAN HUGHESBOARD MEMBER
Trustee or director
3$0$0
STEPHEN HOFFMANBOARD MEMBER
Trustee or director
3$0$0
JEFF BATHURSTBOARD MEMBER
Trustee or director
3$0$0
MATTHEW BRADYBOARD MEMBER
Trustee or director
3$0$0
TROY LEMAILE-STOVALLBOARD MEMBER
Trustee or director
3$0$0
MACEY SMITHBOARD MEMBER
Trustee or director
3$0$0
BRIAN HAIGHBOARD MEMBER
Trustee or director
3$0$0
GREG STONEBOARD MEMBER
Trustee or director
3$0$0
DANIEL COHEN-DUMANIBOARD MEMBER
Trustee or director
3$0$0
990 for the year ended June 30, 2023: 55 people
NameTitleHours / weekCompensationOther / benefits
MARTIN ROSENDALECEO (UNTIL 10/2022)
Officer
40$231,547$17,919
MICHELLE FERRONECHIEF OPERATING OFFICER
Officer
40$181,559$21,796
KELLY SCHULZCEO (FROM 11/2022)
Officer
40$40,000$400
TODD MARKSCHAIR
Trustee or director, Officer
10$0$0
BRAD STEWARTCHAIR ELECT
Trustee or director, Officer
10$0$0
MICHAEL BUHERTREASURER
Trustee or director, Officer
10$0$0
STEVEN MELTZERSECRETARY
Trustee or director, Officer
10$0$0
SANJAY RAIBOARD MEMBER
Trustee or director
5$0$0
HELEN MONTAGBOARD MEMBER
Trustee or director
5$0$0
JOYCE FUHRMANNBOARD MEMBER
Trustee or director
5$0$0
MIKE GILLBOARD MEMBER
Trustee or director
5$0$0
TROY LEMAILE-STOVALLBOARD MEMBER
Trustee or director
5$0$0
HENRY BERNSTEINBOARD MEMBER
Trustee or director
5$0$0
AMANDA ROSENTHALBOARD MEMBER
Trustee or director
5$0$0
HOWARD ROTHMANBOARD MEMBER
Trustee or director
5$0$0
BRYAN HUGHESBOARD MEMBER
Trustee or director
5$0$0
ALEX SEVILLABOARD MEMBER
Trustee or director
5$0$0
GERALD ESCOBARBOARD MEMBER
Trustee or director
5$0$0
JEFF BATHURSTBOARD MEMBER
Trustee or director
5$0$0
JIM GIBBONSBOARD MEMBER
Trustee or director
5$0$0
JEFF GRIFFINBOARD MEMBER
Trustee or director
5$0$0
ALAN LANGELLIBOARD MEMBER
Trustee or director
5$0$0
BRET SCHREIBERBOARD MEMBER
Trustee or director
5$0$0
CJ OVERLYBOARD MEMBER
Trustee or director
5$0$0
ALEXANDER CAMERONBOARD MEMBER
Trustee or director
5$0$0
THOMAS VANCOTTBOARD MEMBER
Trustee or director
5$0$0
AMY PRENTICE LANEBOARD MEMBER
Trustee or director
5$0$0
JEFFREY GALVINBOARD MEMBER
Trustee or director
5$0$0
CRAIG GILLBOARD MEMBER
Trustee or director
5$0$0
BRIAN HAIGHBOARD MEMBER
Trustee or director
5$0$0
BILL HEARLBOARD MEMBER
Trustee or director
5$0$0
STEPHEN HOFFMANBOARD MEMBER
Trustee or director
5$0$0
TIMOTHY LYDENBOARD MEMBER
Trustee or director
5$0$0
BETH RADABOARD MEMBER
Trustee or director
5$0$0
DAN MALLONBOARD MEMBER
Trustee or director
5$0$0
JOHN TRIZZINOBOARD MEMBER
Trustee or director
5$0$0
STEVEN WALKERBOARD MEMBER
Trustee or director
5$0$0
SARA GARON BERLBOARD MEMBER
Trustee or director
5$0$0
DANIEL COCHRANBOARD MEMBER
Trustee or director
5$0$0
NAREN KADABABOARD MEMBER
Trustee or director
5$0$0
MITCHELL CHANBOARD MEMBER
Trustee or director
5$0$0
DERON JOHNSONBOARD MEMBER
Trustee or director
5$0$0
JENNIFER CHIANGBOARD MEMBER
Trustee or director
5$0$0
KOLALEH ESKANDANIANBOARD MEMBER
Trustee or director
5$0$0
DANIEL COHEN-DUMANIBOARD MEMBER
Trustee or director
5$0$0
GREG STONEBOARD MEMBER
Trustee or director
5$0$0
OWEN MEEKSBOARD MEMBER
Trustee or director
5$0$0
DAVID NGUYENBOARD MEMBER
Trustee or director
5$0$0
IVERSON BELLBOARD MEMBER
Trustee or director
5$0$0
KEVIN BROADHURSTBOARD MEMBER
Trustee or director
5$0$0
DAVID TOHNBOARD MEMBER
Trustee or director
5$0$0
BILL CRONINBOARD MEMBER
Trustee or director
5$0$0
WINSTON PHILIPBOARD MEMBER
Trustee or director
5$0$0
LATOYA STATENBOARD MEMBER
Trustee or director
5$0$0
CHRISTOPHER CARROLLBOARD MEMBER
Trustee or director
5$0$0

Address and contacts

Address (IRS master file)
9808 MEDICAL CENTER DR UNIT 450, ROCKVILLE, MD 20850-4898
In care of
% MARK GRANT
Principal officer (990 for 2024)
KELLY SCHULZ, 9808 MEDICAL CENTER DRIVE 450, ROCKVILLE, MD 20850
Signed the 990
KELLY SCHULZ, CEO
Phone
(240) 243-4026
Return prepared by
GELMAN ROSENBERG & FREEDMAN

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.

990 for the year ended June 30, 2025

Program accomplishments

  • 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.
  • 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".
  • 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.

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990 on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
20-4950778
Tax-exempt status
501(c)(6): Business league or chamber of commerce
Donations deductible
No
Exempt since
2008
Accounting year ends
June
Files
Form 990 or 990-EZ
Assets (IRS master file)
$3,958,539
Income (IRS master file)
$4,821,639

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$4,821,639$4,969,104$3,958,539IRS
990June 2024$5,470,329$4,991,365$3,102,716IRS
990June 2023$3,573,182$3,732,875$3,941,886XML
990June 2022$2,795,155$2,935,738$1,077,501IRS
990June 2021–––IRS
990June 2020–––IRS
990June 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 20-4950778).

Questions about TECHNOLOGY COUNCIL OF MARYLAND INC

What is the EIN of TECHNOLOGY COUNCIL OF MARYLAND INC?
The employer identification number (EIN) of TECHNOLOGY COUNCIL OF MARYLAND INC is 20-4950778.
Is TECHNOLOGY COUNCIL OF MARYLAND INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 2008.
Are donations to TECHNOLOGY COUNCIL OF MARYLAND INC tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does TECHNOLOGY COUNCIL OF MARYLAND INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of TECHNOLOGY COUNCIL OF MARYLAND INC due?
The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did TECHNOLOGY COUNCIL OF MARYLAND INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended June 2025.
Who is the principal officer of TECHNOLOGY COUNCIL OF MARYLAND INC?
The 990 for the year ended June 30, 2025 names KELLY SCHULZ.
Who are the officers and directors of TECHNOLOGY COUNCIL OF MARYLAND INC?
The 990 for the year ended June 30, 2025 lists 47 people; 4 received compensation from the organization, the highest $263,508 (KELLY SCHULZ, CEO).
How much revenue does TECHNOLOGY COUNCIL OF MARYLAND INC have?
On its 990 for the year ended June 30, 2025 it reported revenue of $4,821,639, expenses of $4,969,104 and total assets of $3,958,539 at year end.

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