Umb Health Sciences Research Park Corporation
- Assets
- $17.6m
- Revenue
- $3.4m
- Investments
- $0.0
- Employees
- 1
- Location
- Baltimore, MD
- Founding
- 10/2005
- Data as of
- 06/2023
- EIN
- 14-1875043
Organization Overview
Umb Health Sciences Research Park Corporation is located in Baltimore, MD. The organization was established in 2005. According to its NTEE Classification (S11) the organization is classified as: Single Organization Support, 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. Umb Health Sciences Research Park Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2023, Umb Health Sciences Research Park Corporation generated $3.4m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 13.3% each year . All expenses for the organization totaled $1.9m during the year ending 06/2023. While expenses have increased by 4.7% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Umb Health Sciences Research Park Corporation has awarded 38 individual grants totaling $2,638,564. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT THE MISSIONS OF UNIVERSITY OF MARYLAND, BALTIMORE (UMB), A TAX-EXEMPT ORGANIZATION, INCLUDING THEIR CREATION OF THE UNIVERSITY OF MARYLAND BIOPARK. TO MAINTAIN THE BIOPARK AND MONITOR ALL LEASES, COVENANTS AND RESTRICTIONS CONCERNING THE USES OF THE BIOPARK.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO HOLD, LEASE, MANAGE, AND ADMINISTER THE LAND AND REAL ESTATE KNOWN AS THE UNIVERSITY OF MARYLAND BIOPARK AND OTHER PROPERTY RELATED TO THE BIOPARK.TO SUPPORT ALL OF THE EDUCATIONAL, RESEARCH AND SUPPORT ACTIVITIES CONDUCTED BY AND ON BEHALF OF UMB.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John M Prugh Chair | OfficerTrustee | 1 | $0 |
John M Hamilton Audit Chair | Trustee | 1 | $0 |
Dr David L Dalton Director | Trustee | 1 | $0 |
Harold E Chappelear Director | Trustee | 1 | $0 |
Richard J Himelfarb Director | Trustee | 1 | $0 |
Honorable Janet S Owens 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 | $185,835 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,990,775 |
| Net Gain/Loss on Asset Sales | $1,228,634 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,392,928 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $310,705 |
| 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. | $191,531 |
| Compensation of current officers, directors, key employees. | $38,306 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $12,146 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,780 |
| Fees for services: Accounting | $83,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,376 |
| Advertising and promotion | $301,466 |
| Office expenses | $1,148 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $271,596 |
| 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 | $196,637 |
| Insurance | $11,840 |
| All other expenses | $31,046 |
| Total functional expenses | $1,904,597 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $229,342 |
| Savings and temporary cash investments | $260,821 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $13,818 |
| 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 | $6,184 |
| Net Land, buildings, and equipment | $9,348,790 |
| Investments—publicly traded securities | $7,677,724 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $79,351 |
| Total assets | $17,616,030 |
| Accounts payable and accrued expenses | $326,230 |
| Grants payable | $0 |
| Deferred revenue | $863,807 |
| 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 | $0 |
| Total liabilities | $1,190,037 |
| Net assets without donor restrictions | $14,402,193 |
| Net assets with donor restrictions | $2,023,800 |
| 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 | $17,616,030 |
Grants Awarded
Over the last fiscal year, Umb Health Sciences Research Park Corporation has awarded $286,485 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
BALTIMORE COMMUNITY FOUNDATION PURPOSE: SPONSORSHIP | $10,000 |
SOUTHWEST PARTNERSHIP PURPOSE: GENERAL USE FOR OPERATING EXPENSES AND VARIOUS PROGRAMS | $53,330 |
UNIVERSITY OF MARYLAND BALTIMORE FOUNDATION PURPOSE: GENERAL USE, RESEARCH | $214,155 |
UNIVERSITY OF MARYLAND BALTIMORE COUNTY PURPOSE: GRANT FOR BIOPARK | $9,000 |