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Nonprofiteer
← UNIVERSITY OF MARYLAND BALTIMORE FOUNDATION INC

Form 990 for tax year 2023

Filed by UNIVERSITY OF MARYLAND BALTIMORE FOUNDATION INC.

Totals

Total revenue
$52,023,120
Total expenses
$37,904,135
Contributions and grants received
$31,051,099
Grants paid
$24,646,038
Program service revenue
$74,629
Investment income
$20,917,966
Other revenue
-$20,574
Total assets, end of year
$498,682,827
Total liabilities, end of year
$3,156,955
Net assets or fund balances, end of year
$495,525,872
Program services expenses (Part IX)
$30,414,338
Management and general expenses
$5,409,864
Fundraising expenses
$2,079,933
Program service expenses (Part III)
$30,414,338

Program services were 80.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • JAMES L HUGHES

    PRESIDENT/CEO

    Total calculated
    $691,563
    From this org
    $552,332
    From related orgs
    $0
    Other
    $139,231
    Hours/week
    20

    Schedule J breakdown matched by us

    Base
    $552,332
    Bonus
    $0
    Other
    $0
    Deferred
    $113,209
    Nontaxable benefits
    $26,022
    Filer's total
    $691,563

  • PAM HECKLER

    TREASURER & COO

    Total calculated
    $372,702
    From this org
    $286,230
    From related orgs
    $0
    Other
    $86,472
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $286,230
    Bonus
    $0
    Other
    $0
    Deferred
    $58,667
    Nontaxable benefits
    $27,805
    Filer's total
    $372,702

  • GREGORY BOWDEN

    SENIOR VP (Eff. 12/23)

    Total calculated
    $341,231
    From this org
    $340,000
    From related orgs
    $0
    Other
    $1,231
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $340,000
    Bonus
    $0
    Other
    $0
    Deferred
    $1,231
    Nontaxable benefits
    $0
    Filer's total
    $341,231

  • SHERI MYERS

    ASST. TREASURER (Eff. 11/23)

    Total calculated
    $171,817
    From this org
    $165,000
    From related orgs
    $0
    Other
    $6,817
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $165,000
    Bonus
    $0
    Other
    $0
    Deferred
    $2,250
    Nontaxable benefits
    $4,567
    Filer's total
    $171,817

  • HARRY C KNIPP

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • ELLEN H YANKELLOW

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • JOHN C WEISS

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • ANTHONY P ASHTON ESQ

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • PETE BUZY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • SCOTT CANUEL

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • MARY E CASKEY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • HAROLD E CHAPPELEAR

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • CHARLES CHEN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • STEVE DUBIN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • MARECO EDWARDS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • TISHA S EDWARDS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • JENNIFER O ESTABROOK

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • BARRY L GARBER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • BRIAN J GIBBONS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • EMERSON 'RANDY' HALL

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • JOSEPH R HARDIMAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • ALVIN D KATZ

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • SAM LENNON JR

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • RAY LEWIS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • SAMANTHA MELLERSON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • MICHAEL E MULDOWNEY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • DAMIEN MYERS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • TODD L PARCHMAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • NIKOS PAVLIDIS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • MALINDA PEEPLES

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • MAURICE N REID

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • NNEKA RIMMER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • FREDERICK G SMITH

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • RICHARD L TAYLOR

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • MEI XU

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

SCHEDULE J, PART I, LINE 3:
THE ORGANIZATION HAS NO EMPLOYEES. MEMBERS OF THE ORGANIZATION'S WORKFORCE ARE EMPLOYEES OF THE UNIVERSITY OF MARYLAND, BALTIMORE (UMB). THE ORGANIZATION REIMBURSES THE UNIVERSITY ANNUALLY FOR ITS SHARE OF THE COMPENSATION. UMB IS PART OF THE UNIVERSITY SYSTEM OF MARYLAND, A STATE AGENCY, THEREFORE, COMPENSATION OF OFFICERS AND MEMBERS OF THE ORGANIZATION'S WORKFORCE IS ESTABLISHED, MONITORED, AND GOVERNED BY REGULATIONS AND GUIDELINES IN PLACE FOR ALL STATE OF MARYLAND EMPLOYEES. IN ADDITION, THE ORGANIZATION'S BUDGET WHICH INCLUDES AGGREGATE SALARIES IS REVIEWED BY THE FINANCE COMMITTEE AND FULL BOARD OF TRUSTEES.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Provenance

Return type
form_990
Tax year
2023
Filed
12 May 2025
IRS schema version
2023v6.0
Source object
202501349349311035

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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