University Of Maryland Faculty Physicians Inc
- Assets
- $294.1m
- Revenue
- $74.6m
- Investments
- $0.0
- Employees
- 1,568
- Location
- Baltimore, MD
- Founding
- 09/1984
- Data as of
- 06/2022
- EIN
- 52-1299563
Organization Overview
University Of Maryland Faculty Physicians Inc is located in Baltimore, MD. The organization was established in 1984. According to its NTEE Classification (E12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Health Care and related organizations. As of 06/2022, University Of Maryland Faculty Physicians Inc employed 1,568 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. University Of Maryland Faculty Physicians 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 06/2022, University Of Maryland Faculty Physicians Inc generated $74.6m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.3%) each year. All expenses for the organization totaled $90.4m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (1.2%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
UNDER THE MEDICAL SERVICE PLAN OF THE UNIVERSITY OF MARYLAND, SCHOOL OF MEDICINE, ADMINISTRATIVE SUPPORT SERVICES ARE PROVIDED TO THE PHYSICIAN PRACTICES OF THE UNIVERSITY OF MARYLAND, INCLUDING BUT NOT LIMITED TO INFORMATION TECHNOLOGY, FINANCE, HUMAN RESOURCES, CONTRACTING, LEGAL AND BUSINESS SERVICES. THESE SERVICES ALLOW THE PHYSICIAN PRACTICES TO DELIVER HEALTHCARE TO THE GENERAL PUBLIC WITHOUT REGARD TO THE PATIENT'S ABILITY TO PAY FOR SERVICES ON BEHALF OF THE SCHOOL OF MEDICINE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William E Tucker Cco | Officer | 40 | $744,959 |
Christine Lau MD Trustee | Trustee | 1 | $0 |
William F Regine MD Trustee & Interim Pres - 12/21 | OfficerTrustee | 12 | $0 |
Graeme Woodworth MD Trustee | Trustee | 1 | $0 |
Steven J Czinn MD Trustee | Trustee | 1 | $0 |
Depriest W Whye MD Chief Executive Officer Mmcip | 40 | $480,254 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sellers Dorsey Associates Corp.consulting Svcs | 6/29/22 | $1,190,189 |
Rosen Sapperstein Friedlander Ll Audit & Tax Services | 6/29/22 | $565,075 |
Executive Consulting Group Llc Consulting Services | 6/29/22 | $302,182 |
Mj Valet Llc Patient Valet Svcs | 6/29/22 | $162,882 |
Powers Pyles Sutter Verville Pc Legal Services | 6/29/22 | $115,681 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,000 |
| 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 | $4,000 |
| Total Program Service Revenue | $86,160,541 |
| Investment income | $197,176 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,185,939 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $74,575,639 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $3,153,228 |
| Compensation of current officers, directors, key employees. | $3,153,228 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $24,181,443 |
| Pension plan accruals and contributions | $1,537,709 |
| Other employee benefits | $1,942,063 |
| Payroll taxes | $1,796,763 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $282,444 |
| Fees for services: Accounting | $56,059 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $49,526 |
| Fees for services: Other | $5,707,958 |
| Advertising and promotion | $461,924 |
| Office expenses | $2,139,003 |
| Information technology | $313,682 |
| Royalties | $0 |
| Occupancy | $8,848,213 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $34,478 |
| Interest | $301,118 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,521,062 |
| Insurance | $21,278 |
| All other expenses | $0 |
| Total functional expenses | $90,354,407 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,209,771 |
| Savings and temporary cash investments | $37,891,856 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $10,138,603 |
| 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 | $729,108 |
| Net Land, buildings, and equipment | $20,962,753 |
| Investments—publicly traded securities | $15,651,155 |
| Investments—other securities | $0 |
| Investments—program-related | $3,602,079 |
| Intangible assets | $0 |
| Other assets | $203,941,271 |
| Total assets | $294,126,596 |
| Accounts payable and accrued expenses | $13,190,144 |
| Grants payable | $0 |
| Deferred revenue | $2,707,410 |
| Tax-exempt bond liabilities | $7,717,181 |
| 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 | $145,773,239 |
| Total liabilities | $169,387,974 |
| Net assets without donor restrictions | $124,738,622 |
| Net assets with donor restrictions | $0 |
| 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 | $294,126,596 |