University Of Maryland College Park Foundation Inc

Organization Overview

University Of Maryland College Park Foundation Inc is located in College Park, MD. The organization was established in 2000. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. University Of Maryland College Park Foundation 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, University Of Maryland College Park Foundation Inc generated $176.9m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $65.9m during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

TO RECEIVE, HOLD, INVEST, MANAGE, USE, DISPOSE OF AND ADMINISTER PROPERTY OF ALL KINDS TO MAKE EXPENDITURES THAT BENEFIT THE UNIVERSITY OF MARYLAND COLLEGE PARK, IN SUPPORT OF ITS MISSION, GOALS, AND PROGRAMS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

ACADEMIC PROGRAM SUPPORT - TO SUPPORT ACADEMIC PROGRAMS OF THE UNIVERSITY OF MARYLAND COLLEGE PARK THROUGH PAYMENTS FOR FACULTY AND STAFF SALARIES AND BENEFITS, ACADEMIC PROGRAM OPERATING EXPENSES, CONFERENCES, WORKSHOPS, HONORARIUMS, EQUIPMENT AND ACADEMIC MEMBERSHIPS.


PROGRAM SERVICE EXPENSES: 20,007,380, GRANTS AND ALLOCATIONS: 18,374,633, REVENUE: 353,850 (DESCRIBE IN SCHEDULE O).SCHOLARSHIP/FELLOWSHIP - PROGRAM SERVICE EXPENSES $11,270,518.12: GRANTS AND ALLOCATIONS $11,160,518.45: REVENUE $17,077.80 SCHOLARSHIP/FELLOWSHIP TO PROVIDE SUPPORT FOR OUTRIGHT SCHOLARSHIPS AND FELLOWSHIPS TO STUDENTS AND FELLOWS SELECTED BY THE UNIVERSITY OF MARYLAND COLLEGE PARK.ATHLETICS - PROGRAM SERVICE EXPENSES $4,576,451.10: GRANTS AND ALLOCATIONS $3,598,699.96: REVENUE $325,534.02 ATHLETICS - TO PROVIDE SUPPORT FOR THE OPERATION OF ATHLETIC PROGRAMS AND ATHLETIC RELATED STUDENT ACTIVITIES AT THE UNIVERSITY OF MARYLAND COLLEGE PARK.RESEARCH SUPPORT - PROGRAM SERVICE EXPENSES $2,095,445.70: GRANTS AND ALLOCATIONS $2,018,282.63: REVENUE $0 RESEARCH SUPPORT - TO PROVIDE SUPPORT FOR RESEARCH ACTIVITIES AND RESEARCH FACILITIES AT THE UNIVERSITY OF MARYLAND COLLEGE PARK.STUDENT SUPPORT - PROGRAM SERVICE EXPENSES $1,822,855.80: GRANTS AND ALLOCATIONS $1,393,920.53: REVENUE $6,238.10 STUDENT SUPPORT - TO PROVIDE SUPPORT TO STUDENTS AND STUDENT ACTIVITIES AT THE UNIVERSITY OF MARYLAND COLLEGE PARK.PUBLIC SERVICE - PROGRAM SERVICE EXPENSES $242,109.77: GRANTS AND ALLOCATIONS $203,211.50 REVENUE $5,000.00 PUBLIC SERVICE SUPPORT - TO PROVIDE SUPPORT FOR ACTIVITIES THAT ARE MUTUALLY BENEFICIAL TO THE UNIVERSITY OF MARYLAND COLLEGE PARK AND INDIVIDUALS AND GROUPS EXTERNAL TO THE INSTITUTION INCLUDING COMMUNITY SERVICE PROGRAMS.


INSTITUTIONAL ADVANCEMENT - TO PROVIDE SUPPORT FOR ACTIVITIES CONCERNED WITH THE ENHANCING AND/OR IMPROVING THE INSTITUTION OVER THE LONG-TERM AS WELL AS SUPPORT FOR COMMUNITY ENGAGEMENT AND ALUMNI RELATIONS


FACILITY - TO PROVIDE SUPPORT TO THE UPKEEP, REPAIR, AND CONSTRUCTION OF THE BUILDINGS AND GROUNDS OF THE UNIVERSITY OF MARYLAND COLLEGE PARK


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Clark Construction Llc
Construction
$2,872,117
Good Tidings Catering
Catering Services
$478,571
Local Projects
Integrated Marketing
$439,852
Blackbaud
Computer Software
$349,603
Marketing Communication Resource
Printing/communications Services
$330,741
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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$51,605
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$149,525,115
Noncash contributions included in lines 1a–1f $17,896,930
Total Revenue from Contributions, Gifts, Grants & Similar$149,576,720
Total Program Service Revenue$403,005
Investment income $9,218,039
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $159,054
Net Gain/Loss on Asset Sales $17,240,602
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $176,897,827

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