Maryland Economic Development Corporation
Baltimore, MD · EIN 52-1376562 · Rank 2,816 by total revenue
To attract new businesses and encourage expansion of existing businesses in maryland through development, expansion, and/or modernization of facilities.
Money, Form 990 for tax year 2024
- Total revenue
- $218,068,432
- Total expenses
- $223,313,987
- Total assets
- $1,175,643,738
- Salary base (all salaries and wages)
- $2,851,667
- Salaries, other pay and benefits
- $3,612,618
- Employees
- 23
- Salary base per employee
- $123,986
"Salary base" is Form 990 Part IX lines 5 to 7. "Employees" is everyone who got a W-2 that year, full or part time. Form 990-EZ and 990-PF report pay differently; see About the data.
Leadership (18)
| Name | Title | Role | Hours/week | Total pay |
|---|---|---|---|---|
| J Thomas Sadowski Jr | EXECUTIVE DIRECTOR AND SECRETARY | Officer | 40 | $428,788 |
| Scott Dorsey | CHAIRMAN | Board, Officer | 1 | None reported |
| Richard Woo | VICE CHAIRMAN (PART YEAR) | Board, Officer | 1 | None reported |
| Tehma Hallie Smith Wilson | TREASURER | Board, Officer | 1 | None reported |
| Secretary Kevin Anderson | BOARD OF DIRECTORS (PART YEAR) | Board | 1 | None reported |
| The Honorable Harry Coker Jr | BOARD OF DIRECTORS | Board | 1 | None reported |
| Eric Costello | BOARD OF DIRECTORS | Board | 1 | None reported |
| Michael Cottingham | BOARD OF DIRECTORS (PART YEAR) | Board | 1 | None reported |
| Lester Davis | BOARD OF DIRECTORS | Board | 1 | None reported |
| The Honorable Jessica Fitzwater | BOARD OF DIRECTORS | Board | 1 | None reported |
| Keasha Haythe | BOARD OF DIRECTORS | Board | 1 | None reported |
| Omar Karim | BOARD OF DIRECTORS | Board | 1 | None reported |
| Mary Ann Marbury | BOARD OF DIRECTORS (PART YEAR) | Board | 1 | None reported |
| Dr Gina Merritt MBA | BOARD OF DIRECTORS | Board | 1 | None reported |
| Andres Navarrete | BOARD OF DIRECTORS | Board | 1 | None reported |
| Jim Soltesz | BOARD OF DIRECTORS | Board | 1 | None reported |
| Jessica Underwood ESQ | BOARD OF DIRECTORS | Board | 1 | None reported |
| Secretary Paul J Wiedefeld | BOARD OF DIRECTORS | Board | 1 | None reported |
Top 10 paid people listed
These 6 people received $1,532,142, which is 53.7% of the $2,851,667 salary base shared by 23 employees.
| Name | Title | Role | Hours/week | From this org | From related orgs | Other pay | Total |
|---|---|---|---|---|---|---|---|
| J Thomas Sadowski Jr | EXECUTIVE DIRECTOR AND SECRETARY | Officer | 40 | $332,209 | $0 | $96,579 | $428,788 |
| John Genakos | DIRECTOR OF RE & DEVELOPMENT | Highly paid employee | 40 | $188,700 | $0 | $61,479 | $250,179 |
| James R Miller | CFO | Highly paid employee | 40 | $211,819 | $0 | $33,537 | $245,356 |
| Wyatt Shiflett | DIRECTOR OF FINANCING | Highly paid employee | 40 | $175,549 | $0 | $40,002 | $215,551 |
| Katherine Parks | DIRECTOR COMMUNITY DEVELOPMENT | Highly paid employee | 40 | $174,046 | $0 | $36,598 | $210,644 |
| Sarah Horta | DIRECTOR OF INNOVATION & STRATEGIC PLANNING | Highly paid employee | 40 | $140,632 | $0 | $40,992 | $181,624 |
Sources
- IRS e-file return 202601209349301500 (Form 990, period ending 2025-06-30): readable copy at ProPublica Nonprofit Explorer
- IRS Tax Exempt Organization Search for EIN 52-1376562
- Organization website (as filed): www.medco-corp.com