Medical Alumni Association Of The University Of Maryland Inc
- Assets
- $4.0m
- Revenue
- $1.7m
- Investments
- $209.8k
- Employees
- 3
- Location
- Baltimore, MD
- Founding
- 04/1978
- Data as of
- 06/2021
- EIN
- 52-0615433
Organization Overview
Medical Alumni Association Of The University Of Maryland Inc is located in Baltimore, MD. The organization was established in 1978. According to its NTEE Classification (B84) the organization is classified as: Alumni Associations, under the broad grouping of Education and related organizations. As of 06/2021, Medical Alumni Association Of The University Of Maryland Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Medical Alumni Association Of The University Of Maryland Inc 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 06/2021, Medical Alumni Association Of The University Of Maryland Inc generated $1.7m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.9%) each year. All expenses for the organization totaled $1.3m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (2.9%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Medical Alumni Association Of The University Of Maryland Inc has awarded 11 individual grants totaling $4,651,416. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ENHANCE EFFORTS IN CARRYING ON THE EDUCATIONAL MISSION OF THE U OF MD MEDICAL SCHOOL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT OF THE UNIVERSITY OF MARYLAND MEDICAL SCHOOL:THE MAA RAISED $1,421,915 IN GIFTS TO BENEFIT THE MEDICAL SCHOOL. OF THIS AMOUNT, $553,127 WAS DISTRIBUTED DIRECTLY FOR THE BENEFIT OF THE UNIVERSITY OF MARYLAND. A PORTION OF THESE GIFTS WERE APPLIED TOWARD PROGRAMS AND SERVICES FOR 10,000 ALUMNI, FACULTY, STUDENTS, AND FRIENDS OF THE MEDICAL SCHOOL. WITH THE ASSISTANCE OF THE UMB OFFICE OF FINANCIAL AID, THE MAA CONTINUED TO ADMINISTER 5 STUDENT LOAN FUNDS: THE MAA REVOLVING STUDENT LOAN FUND; ROWLAND STUDENT LOAN FUND; ROGERS LOAN FUND; WHITE EMERGENCY LOAN FUND; AND HOFFMAN EMERGENCY LOAN FUND. THESE FUNDS, TURNED OVER TO THE UNIVERSITY IN FY21, ARE VALUED AT APPROXIMATELY $800,000.
JOINT SPONSORSHIP OF "THE BULLETIN" MAGAZINE:FOUR ISSUES OF "THE BULLETIN" WERE PUBLISHED AND MAILED TO MORE THAN 10,000 ALUMNI, FACULTY, FRIENDS, AND STUDENTS OF THE MEDICAL SCHOOL AND EMAILED TO THOUSANDS MORE. AN EDITORIAL BOARD, CONSISTING OF MORE THAN 20 ALUMNI AND MEDICAL SCHOOL REPRESENTATIVES, PROVIDED GUIDANCE AND EDITORIAL ASSISTANCE IN THE MAGAZINE'S PRODUCTION. THE BULLETIN IS RECOGNIZED AS THE OLDEST MEDICAL ALUMNI PUBLICATION IN THE UNITED STATES.
ALUMNI AND STUDENT RELATED ACTIVITIES:MORE THAN 700 ALUMNI PARTICIPATED IN A VIRTUAL REUNION IN SPRING, BUT ITS REGIONAL RECEPTIONS AT ANNUAL MEETINGS WERE CANCELLED DUE TO THE PANDEMIC. IT SERVED AS PRESENTING SPONSOR FOR THE MEDICAL SCHOOL'S VIRTUAL "CELEBRATING DIVERSITY" DINNER IN FEBRUARY. WITH STUDENT ACTIVITIES CANCELLED, THE MAA BOARD OF DIRECTORS REDIRECTED MORE THAN $50,000 TOWARD THE PURCHASE OF DIAGNOTIC TOOLS AND ELASTOMERIC RESPIRATORS FOR STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Larry Pitrof Executive Director | Officer | 40 | $231,479 |
Brad Lerner MD President Until May 2021 | OfficerTrustee | 1 | $0 |
Paul Tarantino MD President/president-Elect | OfficerTrustee | 1 | $0 |
Walker Robinson MD Vice President/president-Elect | OfficerTrustee | 1 | $0 |
George Kochman MD Secretary/treasurer | OfficerTrustee | 1 | $0 |
Harry Oken MD Treasurer/vice President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $123,056 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $100,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,421,915 |
| Noncash contributions included in lines 1a–1f | $47,860 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,644,971 |
| Total Program Service Revenue | $1,871 |
| Investment income | $1,216 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,660,288 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $551,627 |
| Grants and other assistance to domestic individuals. | $1,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $277,430 |
| Compensation of current officers, directors, key employees. | $97,101 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $128,181 |
| Pension plan accruals and contributions | $4,169 |
| Other employee benefits | $40,812 |
| Payroll taxes | $22,320 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,515 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $9,769 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $57,594 |
| Information technology | $5,934 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $14,509 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $518 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,660 |
| All other expenses | $2,191 |
| Total functional expenses | $1,315,406 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $141 |
| Savings and temporary cash investments | $3,731,268 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $15,468 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $209,763 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,956,640 |
| Accounts payable and accrued expenses | $34,515 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $34,515 |
| Net assets without donor restrictions | $3,363,220 |
| Net assets with donor restrictions | $558,905 |
| 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 | $3,956,640 |
Grants Awarded
Over the last fiscal year, Medical Alumni Association Of The University Of Maryland Inc has awarded $550,372 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Baltimore, MD PURPOSE: PROGRAM SUPPORT | $287,850 |
Baltimore, MD PURPOSE: PROGRAM SUPPORT | $262,522 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Medical Alumni Association Of The University Of Maryland Inc has recieved totaling $38,400.
| Awarding Organization | Amount |
|---|---|
Hahn-Block Family Foundation Garden City, NY PURPOSE: OPERATIONAL | $15,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $14,293 |
T Rowe Price Program For Charitable Giving Inc Baltimore, MD PURPOSE: MULTIPLE | $8,900 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $207 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
United States Naval Academy Alumni Assoc Annapolis, MD | $136,310,345 | $26,897,412 |
Penn State Alumni Association University Park, PA | $100,014,631 | $13,658,978 |
University Of Maryland Alumni Association Inc College Park, MD | $12,691,064 | $3,266,987 |
West Virginia University Alumni Association Inc Morgantown, WV | $18,753,718 | $1,910,317 |
Medical College Of Va Alumni Assoc Of Virginia Commonwealth Univ Richmond, VA | $0 | $190,238 |
Thaddeus Stevens Foundation Lancaster, PA | $7,318,571 | $3,742,597 |
Virginia Commonwealth Universi ALUMNI Richmond, VA | $0 | $210,514 |
V M I Alumni Association Lexington, VA | $3,901,860 | $1,387,698 |
The William & Mary Alumni Association Williamsburg, VA | $17,614,016 | $1,967,274 |
Medical Alumni Association Of The University Of Maryland Inc Baltimore, MD | $3,956,640 | $1,660,288 |
West Virginia University Alumni Association Loyalty Permanent Endo Morgantown, WV | $16,950,235 | $1,354,020 |
National Taiwan Univ Schl Of Pharm Alumni Assoc In North Amer Inc New Britain, PA | $777,638 | $702,875 |