University Of Maryland Medical System Foundation Inc
- Assets
- $90.1m
- Revenue
- $19.7m
- Investments
- $90.6k
- Employees
- 0
- Location
- Baltimore, MD
- Founding
- 08/2000
- Data as of
- 06/2022
- EIN
- 52-2238893
Organization Overview
University Of Maryland Medical System Foundation Inc is located in Baltimore, 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 Medical System 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 06/2022, University Of Maryland Medical System Foundation Inc generated $19.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.3% each year. All expenses for the organization totaled $12.8m during the year ending 06/2022. 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
UMMS FOUNDATION, INC. RAISES CHARITABLE FUNDS TO SAFEGUARD THE FUTURE OF HEALTH CARE EXCELLENCE FOR UNIVERSITY OF MARYLAND MEDICAL SYSTEM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
UNIVERSITY OF MARYLAND MEDICAL SYSTEM FOUNDATION, INC. (UMMSF) RAISES CHARITABLE FUNDS TO SAFEGUARD THE FUTURE OF HEALTH CARE EXCELLENCE FOR UNIVERSITY OF MARYLAND MEDICAL SYSTEM (UMMS) THROUGH THE DEVELOPMENT OF CHARITABLE SUPPORT. UMMSF HELPS UMMS REMAIN A LEADING INTEGRATED HEALTH CARE DELIVERY SYSTEM. ESTABLISHED IN MARCH 2000, UMMSF IS BUILDING AN ENDOWMENT FUND TO SAFEGUARD THE FUTURE OF HEALTH CARE EXCELLENCE AT UMMS AND IS ITS CENTRAL STRUCTURE FOR FUNDRAISING, STEWARDSHIP AND ENDOWMENT MANAGEMENT. UMMSF PROVIDES SUPPORT TO UMMS FOR THE CONSTRUCTION AND MAINTENACE OF UMMS FACILITIES AND OTHER CAPITAL NEEDS OF ITS HOSPITALS, TO FILL THE GAP WHEN PATIENTS CAN NOT PAY FOR DRUGS OR COVER THE ENTIRE COST OF CARE, AND TO SUPPORT THE DEVELOPMENT OF CLINICAL PROGRAMS THAT ARE ESSENTIAL TO THE COMMUNITY. WE PROVIDE COMMUNITY SUPPORT AND EDUCATION AND ASSIST THE UMMS HOSPITALS TO PROVIDE CUTTING EDGE CARE THAT WOULD OTHERWISE NOT BE AFFORDABLE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Chairman | OfficerTrustee | 1 | $0 |
Name Not Listed Vice Chair | OfficerTrustee | 1 | $0 |
Name Not Listed President, Ummc Midtown Campus | Trustee | 1 | $0 |
Name Not Listed President And Ceo, Ummc | Trustee | 1 | $0 |
Name Not Listed Director | Trustee | 1 | $0 |
Name Not Listed President And Ceo, Jlkh | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,381,971 |
| Related organizations | $4,605,647 |
| Government grants | $584,047 |
| All other contributions, gifts, grants, and similar amounts not included above | $9,923,691 |
| Noncash contributions included in lines 1a–1f | $716,008 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $16,495,356 |
| Total Program Service Revenue | $0 |
| Investment income | $1,785,108 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,957,837 |
| Net Income from Fundraising Events | -$539,916 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $19,698,385 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,686,163 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,897,537 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $12,181 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $20,701 |
| Fees for services: Other | $5,058,925 |
| Advertising and promotion | $613 |
| Office expenses | $82,193 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $17,695 |
| Travel | $12,629 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $5,157 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $12,798,696 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,743,576 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $16,104,617 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $69,755,987 |
| Investments—other securities | $90,600 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,442,901 |
| Total assets | $90,137,681 |
| Accounts payable and accrued expenses | $572,481 |
| 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 | $1,958,012 |
| Total liabilities | $2,530,493 |
| Net assets without donor restrictions | $23,272,176 |
| Net assets with donor restrictions | $64,335,012 |
| 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 | $90,137,681 |
Grants Awarded
Over the last fiscal year, University Of Maryland Medical System Foundation Inc has awarded $2,686,163 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF MARYLAND MEDICAL SYSTEM CORPORATION PURPOSE: PROGRAM SUPPORT | $2,538,151 |
MARYLAND GENERAL HOSPITAL INC PURPOSE: Program Support | $98,183 |
JAMES LAWRENCE KERNAN HOSPITAL INC PURPOSE: Program Support | $49,829 |