University Of Maryland Medical System Corporation
- Assets
- $5.3b
- Revenue
- $1.9b
- Investments
- $152.1m
- Employees
- 14,958
- Location
- Baltimore, MD
- Founding
- 06/1984
- Data as of
- 06/2020
- EIN
- 52-1362793
Organization Overview
University Of Maryland Medical System Corporation, operating under the name University of Maryland Medical Center, is located in Baltimore, MD. The organization was established in 1984. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. As of 06/2021, University of Maryland Medical Center employed 14,958 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. University of Maryland Medical Center 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 06/2020, University of Maryland Medical Center generated $1.9b in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $1.8b during the year ending 06/2020. While expenses have increased by 2.8% per year over the past 6 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 2015, University of Maryland Medical Center has awarded 113 individual grants totaling $3,595,125. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE UNIVERSITY OF MARYLAND MEDICAL SYSTEM CORPORATION (UMMS) PROVIDES A VARIETY OF INPATIENT/ OUTPATIENT SERVICES TO PEOPLE IN THE MARYLAND AREA REGARDLESS OF THEIR ABILITY TO PAY. REVENUES ARE USED TO HELP DEFRAY THE COSTS OF SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
UMMS, A PRIVATE, NON-PROFIT HEALTH SYSTEM, CONSISTS OF 12 HOSPITALS - UMMC, THE ACADEMIC 'HUB' - AND THE 11 COMMUNITY AND SPECIALTY HOSPITALS THROUGHOUT THE STATE OF MARYLAND. UMMC IS A NATIONAL AND REGIONAL REFERRAL CENTER FOR TRAUMA, CANCER CARE, NEUROCARE, CARDIAC CARE AND HEART SURGERY, WOMEN'S AND CHILDREN'S HEALTH AND ORGAN TRANSPLANTS. IT HAS ONE OF THE MOST TECHNOLOGICALLY ADVANCED OPERATING ROOM FACILITIES AND IS INTERNATIONALLY RECOGNIZED FOR ITS LEADERSHIP IN DEVELOPING AND PERFORMING MINIMALLY INVASIVE SURGICAL PROCEDURES. UMMS PROVIDES CHARITY CARE TO PATIENTS UNABLE TO PAY. CHARITY CARE FOR THE YEAR ENDED 6/30/2021 IS APPROXIMATELY $15.2 MILLION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Director | Trustee | 7 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Living Legacy Foundation Trc Organ Support | 6/29/21 | $15,711,929 |
Clark Construction Group Llc Construction | 6/29/21 | $72,126,120 |
Moredirect Inc Dba Connection Software Services | 6/29/21 | $9,713,574 |
Johnson Controls Inc Hvac Services | 6/29/21 | $8,876,023 |
Morrison Management Services Food Services | 6/29/21 | $9,082,325 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $97,811,920 |
| Investment income | $5,847,513 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $2,216,812 |
| Net Gain/Loss on Asset Sales | $2,625,033 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,897,434,124 |
| Statement of Expenses | |
|---|---|
| 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. | $11,346,263 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $696,648,504 |
| Pension plan accruals and contributions | $21,931,318 |
| Other employee benefits | $76,374,307 |
| Payroll taxes | $52,608,223 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $13,518,485 |
| Fees for services: Accounting | $374,473 |
| Fees for services: Lobbying | $104,667 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $44,734,610 |
| Advertising and promotion | $7,265,515 |
| Office expenses | $21,841,168 |
| Information technology | $1,749,188 |
| Royalties | $0 |
| Occupancy | $26,767,811 |
| Travel | $1,366,848 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,417,306 |
| Interest | $21,387,557 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $89,338,335 |
| Insurance | $20,675,100 |
| All other expenses | $0 |
| Total functional expenses | $1,768,762,405 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $399,702,360 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $193,916,142 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $65,813,890 |
| Prepaid expenses and deferred charges | $51,110,613 |
| Investments—publicly traded securities | $129,712,000 |
| Investments—other securities | $152,123,071 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,983,493,215 |
| Total assets | $5,258,187,207 |
| Accounts payable and accrued expenses | $297,657,802 |
| Grants payable | $0 |
| Deferred revenue | $5,486,184 |
| Tax-exempt bond liabilities | $1,519,016,928 |
| 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 | $151,004,683 |
| Other liabilities | $1,282,522,250 |
| Total liabilities | $3,255,687,847 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $2,002,499,360 |
Grants Awarded
Over the last fiscal year, University Of Maryland Medical System Corporation has awarded $197,500 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Baltimore, MD PURPOSE: General Operations | $100,000 |
Baltimore, MD PURPOSE: General Operations | $70,000 |
UNIVERSITY OF MARYLAND BALTIMORE PURPOSE: General Operations | $27,500 |
Grants Recieved
Over the last fiscal year, we have identified 16 grants that University Of Maryland Medical System Corporation has recieved totaling $1,576,783.
| Awarding Organization | Amount |
|---|---|
Associated Black Charities Inc Baltimore, MD PURPOSE: RYAN WHITE | $705,295 |
Associated Black Charities Inc Baltimore, MD PURPOSE: RYAN WHITE | $506,964 |
Jean T And Heyward G Pelham Foundation Wilmington, DE PURPOSE: ROSLYN AND LEONARD STOLER CENTER FOR ADVANCED MEDICINE | $100,000 |
Associated Black Charities Inc Baltimore, MD PURPOSE: RYAN WHITE | $98,823 |
Associated Black Charities Inc Baltimore, MD PURPOSE: COVID-19 | $54,341 |
Associated Black Charities Inc Baltimore, MD PURPOSE: RYAN WHITE | $38,872 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Presbyterian Medical Center Of The University Of Pennsylvania Health Philadelphia, PA | $864,132,692 | $1,007,924,819 |
Abington Memorial Hospital Philadelphia, PA | $948,017,930 | $858,404,541 |
Sinai Hospital Of Baltimore Inc Baltimore, MD | $642,141,254 | $936,777,270 |
Mary Washington Healthcare Fredericksburg, VA | $593,675,918 | $863,388,863 |
Bayhealth Medical Center Inc Dover, DE | $1,592,804,671 | $861,509,299 |
Tower Health Reading, PA | $1,567,530,050 | $562,187,138 |
Cabell Huntington Hospital Inc Huntington, WV | $1,087,986,142 | $722,910,695 |
Pennsylvania Hospital Of The Univ Of Pennsylvania Health System Philadelphia, PA | $773,767,590 | $678,080,811 |
Johns Hopkins Bayview Medical Center Inc Baltimore, MD | $440,914,055 | $670,376,991 |
Kennedy University Hospital Inc Philadelphia, PA | $1,241,829,856 | $668,598,689 |
Franklin Square Hospital Center Inc Baltimore, MD | $352,871,142 | $621,968,540 |
Holy Cross Health Inc Silver Spring, MD | $1,036,467,989 | $628,720,499 |