University Of Maryland Medical System Corporation
- Assets
- $5.3b
- Revenue
- $2.2b
- Investments
- $536.9m
- Employees
- 15,131
- Location
- Baltimore, MD
- Founding
- 06/1984
- Data as of
- 06/2022
- 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 06/2022, University of Maryland Medical Center employed 15,131 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 06/2022, University of Maryland Medical Center generated $2.2b in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $2.2b during the year ending 06/2022. While expenses have increased by 5.4% per year over the past 7 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 118 individual grants totaling $8,536,532. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
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:
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 6/30/2022 IS APPROXIMATELY $15.9 MILLION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Vice Chairman | OfficerTrustee | 4 | $0 |
Name Not Listed Chairman (ended 03/22) | OfficerTrustee | 9 | $0 |
Name Not Listed Chairman | OfficerTrustee | 7 | $0 |
Name Not Listed Director | Trustee | 4 | $0 |
Name Not Listed Director | Trustee | 1.5 | $0 |
Name Not Listed Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Erdman Company Construction | 6/29/22 | $29,031,266 |
Cross Country Staffing Inc Agency Staffing | 6/29/22 | $22,482,528 |
Morrison Management Specialist Food Services | 6/29/22 | $22,192,945 |
Aya Healthcare Inc Agency Staffing | 6/29/22 | $19,821,169 |
Clark Construction Group Llc Construction | 6/29/22 | $18,123,879 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $56,006,001 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,074,070 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $57,080,071 |
| Total Program Service Revenue | $2,070,824,003 |
| Investment income | $5,818,513 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $3,700,544 |
| Net Gain/Loss on Asset Sales | $57,372,015 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,230,343,745 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,330,117 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $464,393 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $12,877,316 |
| Compensation of current officers, directors, key employees. | $10,515,767 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $793,767,000 |
| Pension plan accruals and contributions | $24,311,372 |
| Other employee benefits | $91,619,173 |
| Payroll taxes | $60,792,706 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,963,605 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $101,461 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,716,130 |
| Fees for services: Other | $163,728,311 |
| Advertising and promotion | $10,625,437 |
| Office expenses | $24,459,226 |
| Information technology | $959,087 |
| Royalties | $0 |
| Occupancy | $35,882,436 |
| Travel | $791,250 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,775,790 |
| Interest | $22,414,739 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $96,244,419 |
| Insurance | $80,344,519 |
| All other expenses | $55,767,515 |
| Total functional expenses | $2,164,355,171 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $226,287,985 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $281,751,848 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $56,569,139 |
| Prepaid expenses and deferred charges | $25,387,156 |
| Net Land, buildings, and equipment | $1,024,390,718 |
| Investments—publicly traded securities | $883,301 |
| Investments—other securities | $536,934,350 |
| Investments—program-related | $0 |
| Intangible assets | $755,130 |
| Other assets | $3,168,692,416 |
| Total assets | $5,321,652,043 |
| Accounts payable and accrued expenses | $310,404,701 |
| Grants payable | $0 |
| Deferred revenue | $5,865,213 |
| Tax-exempt bond liabilities | $1,934,592,814 |
| 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 | $1,145,759,917 |
| Total liabilities | $3,396,622,645 |
| Net assets without donor restrictions | $1,851,858,950 |
| Net assets with donor restrictions | $73,170,448 |
| 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 | $5,321,652,043 |
Grants Awarded
Over the last fiscal year, University Of Maryland Medical System Corporation has awarded $5,289,617 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN CANCER SOCIETY PURPOSE: Hope Lodge Baltimore Capital Campaign | $250,000 |
KENNEDY KRIEGER INSTITUTE PURPOSE: 2021 Hats and Horses Support | $20,000 |
AMERICAN HEART ASSOCIATION PURPOSE: ES Gala S22 Baltimore MD | $30,000 |
ASSOCIATED BLACK CHARITIES PURPOSE: 2022 ABC Platinum Gala Sponsorship | $25,000 |
SOUTHWEST PARTNERSHIP INC PURPOSE: General Operations | $35,000 |
BALTIMORE AREA COUNSIL BSA PURPOSE: 2021 Health Services Awards | $10,000 |