Medical Alumni Association Of The University Of Maryland Inc
- Assets
- $4.5m
- Revenue
- $2.0m
- Investments
- $233.2k
- Employees
- 3
- Location
- Baltimore, MD
- Founding
- 04/1978
- Data as of
- 06/2023
- 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 06/2023, 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 06/2023, Medical Alumni Association Of The University Of Maryland Inc generated $2.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $1.7m during the year ending 06/2023. While expenses have increased by 0.9% 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 2019, Medical Alumni Association Of The University Of Maryland Inc has awarded 11 individual grants totaling $3,410,231. 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 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
FUND RAISING IN SUPPORT OF THE UNIVERSITY OF MARYLAND MEDICAL SCHOOL:THE MEDICAL ALUMNI ASSOCIATION (MAA) RAISED $1,688,513 IN GIFTS TO BENEFIT THE MEDICAL SCHOOL. OF THIS AMOUNT, $683,816 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 UNIVERSITY OF MARYLAND - BALTIMORE 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 FY22, ARE VALUED AT APPROXIMATELY $800,000.
TO SUPPORT THE RESTORATION, MAINTENANCE, AND ADMINISTRATION OF DAVIDGE HALL, THE OLDEST MEDICAL TEACHING FACILITY IN AMERICA.
JOINT SPONSORSHIP OF "THE BULLETIN" MAGAZINE:FOUR ISSUES OF "THE BULLETIN" WERE PUBLISHED AND MAILED TO MORE THAN 9,000 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 500 ALUMNI AND GUESTS RETURNED TO CAMPUS FOR A TWO-DAY REUNION IN MAY, AND SEVERAL STUDENT AND ALUMNI ACTIVITIES RETURNED TO LIVE EVENTS DURING THE YEAR, INCLUDING FRESHMEN ORIENTATION, WHITE COAT CEREMONY, MATCH DAY, SOPHOMORE SOCIAL, AND JUNIOR BULL ROAST CELEBRATIONS FOR STUDENTS, AS WELL AS RECEPTIONS MEDICAL MEETINGS FOR ALUMNI. THE MAA PROVIDED INCOMING STUDENTS WITH STETHOSCOPES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lawrence Pitrof Executive Director | Officer | 37.5 | $254,108 |
Walker Robinson MD President Until May 2023 | OfficerTrustee | 1 | $0 |
Harry A Oken MD President-Elect/president | OfficerTrustee | 1 | $0 |
George Kochman MD Vice President/president-Elect | OfficerTrustee | 1 | $0 |
Tuanh Tonnu MD Treasurer/vice President | OfficerTrustee | 1 | $0 |
Sachin Kalyani MD Secretary/treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $116,555 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $100,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,688,513 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,905,068 |
| Total Program Service Revenue | $38,270 |
| Investment income | $43,086 |
| 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 | $1,994,040 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $695,001 |
| Grants and other assistance to domestic individuals. | $38,865 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $324,648 |
| Compensation of current officers, directors, key employees. | $113,626 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $125,906 |
| Pension plan accruals and contributions | $5,740 |
| Other employee benefits | $42,858 |
| Payroll taxes | $25,514 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $25,275 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $14,660 |
| Fees for services: Other | $0 |
| Advertising and promotion | $7,378 |
| Office expenses | $53,158 |
| Information technology | $8,153 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $10,563 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,020 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,871 |
| All other expenses | $1,970 |
| Total functional expenses | $1,685,620 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,229,258 |
| 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 | $29,028 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $233,247 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,491,533 |
| Accounts payable and accrued expenses | $37,642 |
| 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 | $37,642 |
| Net assets without donor restrictions | $3,788,251 |
| Net assets with donor restrictions | $665,640 |
| 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 | $4,491,533 |
Grants Awarded
Over the last fiscal year, Medical Alumni Association Of The University Of Maryland Inc has awarded $643,826 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
TRUSTEES OF THE ENDOWMENT FUND OF THE UNIV OF MD SCHOOL OF MEDICINE PURPOSE: PROGRAM SUPPORT | $316,476 |
UNIVERSITY OF MARYLAND BALTIMORE FOUNDATION INC PURPOSE: PROGRAM SUPPORT | $327,350 |