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Nonprofiteer
← COLLEGE PARK CITY-UNIVERSITY PARTNERSHIP INC

Form 990 for tax year 2023

Filed by COLLEGE PARK CITY-UNIVERSITY PARTNERSHIP INC.

Totals

Total revenue
$11,908,061
Total expenses
$1,015,035
Contributions and grants received
$11,739,589
Grants paid
$0
Program service revenue
$16,524
Investment income
$151,948
Other revenue
$0
Total assets, end of year
$16,787,459
Total liabilities, end of year
$3,333,995
Net assets or fund balances, end of year
$13,453,464
Program services expenses (Part IX)
$587,200
Management and general expenses
$214,568
Fundraising expenses
$213,267
Program service expenses (Part III)
$587,200

Program services were 57.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $11,590,839

  • 1f · All other contributions, gifts and grants

    $148,750

  • 2a · Program service revenue: HOMEBUYER FEE INCOME

    total $16,524 · related or exempt $16,524

  • 3 · Investment income

    total $232,465 · excluded $232,465

  • 7a · Gross sales of assets other than inventory

    other assets $925,940

  • 7b · Less cost or other basis and sales expenses

    other assets $1,006,457

  • 7c · Gain or loss

    other assets -$80,517

  • 7d · Net gain or loss

    total -$80,517 · excluded -$80,517

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $169,192 · program services $64,530 · management and general $52,331 · fundraising $52,331

  • 7 · Other salaries and wages

    total $338,305 · program services $129,027 · management and general $104,639 · fundraising $104,639

  • 9 · Other employee benefits

    total $2,665 · program services $1,013 · management and general $826 · fundraising $826

  • 10 · Payroll taxes

    total $37,111 · program services $14,102 · management and general $11,504 · fundraising $11,505

  • 11b · Fees: legal

    total $59,502 · program services $35,702 · management and general $11,900 · fundraising $11,900

  • 11c · Fees: accounting

    total $74,246 · program services $44,548 · management and general $14,849 · fundraising $14,849

  • 11g · Fees: other

    total $25,800 · program services $15,481 · management and general $5,160 · fundraising $5,159

  • 12 · Advertising and promotion

    total $2,767 · program services $1,660 · management and general $554 · fundraising $553

  • 13 · Office expenses

    total $24,022 · program services $13,309 · management and general $6,006 · fundraising $4,707

  • 16 · Occupancy

    total $7,010 · program services $4,206 · management and general $1,402 · fundraising $1,402

  • 19 · Conferences, conventions and meetings

    total $3,330 · program services $1,998 · management and general $666 · fundraising $666

  • 23 · Insurance

    total $5,193 · program services $3,116 · management and general $1,039 · fundraising $1,038

  • 24a · Other expenses: LOAN FORGIVENESS EXPENS

    total $144,250 · program services $144,250

  • 24b · Other expenses: TRUST SPECIFIC ACTIVTIE

    total $103,183 · program services $103,183

  • 24c · Other expenses: EVENT EXPENSES

    total $13,443 · program services $8,066 · management and general $2,688 · fundraising $2,689

  • 24d · Other expenses: MEMBERSHIP

    total $250 · program services $150 · management and general $50 · fundraising $50

  • 24e · All other expenses

    total $4,766 · program services $2,859 · management and general $954 · fundraising $953

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,639,760 · end of year $10,295,795

  • 2 · Savings and temporary cash investments

    beginning of year $160,655 · end of year $107,253

  • 3 · Pledges and grants receivable

    beginning of year $6,250 · end of year $3,389,500

  • 9 · Prepaid expenses and deferred charges

    end of year $2,863

  • 10a · Land, buildings and equipment: cost or other basis

    $2,261,298

  • 10b · Land, buildings and equipment: accumulated depreciation

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $2,261,298

  • 13 · Investments: program-related

    beginning of year $757,500 · end of year $680,750

  • 15 · Other assets

    beginning of year $20,000 · end of year $50,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $23,727 · end of year $45,834

  • 19 · Deferred revenue

    beginning of year $3,000,000 · end of year $3,288,161

  • 27 · Net assets without donor restrictions

    beginning of year $488,863 · end of year $11,381,889

  • 28 · Net assets with donor restrictions

    beginning of year $2,071,575 · end of year $2,071,575

Mission and programs · 2023

Mission

THE COLLEGE PARK CITY-UNIVERSITY PARTNERSHIP RECOGNIZES THAT THE SUCCESS OF THE CITY OF COLLEGE PARK AND THE UNIVERSITY OF MARYLAND ARE LINKED TOGETHER. IT WORKS IN DYNAMIC COLLABORATION TO CREATIVELY AND EFFECTIVELY FACILITATE COOPERATIVE EFFORTS THAT ACHIEVE SHARED COMMUNITY PURPOSES. THE PARTNERSHIP ADVANCES INITIATIVES AND POLICIES TO MAKE COLLEGE PARK A MORE THRIVING, EQUITABLE AND SUSTAINABLE COMMUNITY FOR ALL.

  • WITH OUR PARTNERS, THE CITY OF COLLEGE PARK AND THE UNIVERSITY OF MARYLAND AS WELL AS PRINCE GEORGE'S COUNTY, THE STATE OF MARYLAND, AND THE MANY STAKEHOLDERS OF RESIDENTS, BUSINESS OWNERS, LANDOWNERS, AND MORE, WE HAVE CONTINUED TO MAKE GREAT PROGRESS IN RECENT YEARS TO TRANSFORM COLLEGE PARK AS OUTLINED IN THE UNIVERSITY COMMUNITY VISION 2030. THIS YEAR THE PARTNERSHIP'S FOUR STRATEGIC AREAS INCLUDE NEIGHBORHOOD PRESERVATION AND DEVELOPMENT, TRANSPORTATION, PRE-K-12 EDUCATION, AND PUBLIC HEALTH AND SAFETY. THESE EACH ARE REQUIRED TO RUN EQUITY AND SUSTAINABILITY THROUGH. THESE COMMITTEES SUPPORT INITIATIVES SUCH AS THE PARTNERSHIP'S HOMEOWNERSHIP PROGRAM, THE PRESERVATION OF RETAIL STORES AND RESTAURANTS, RIVERWALKS, NEW MURALS, AND CONTINUED IMPLEMENTATION OF PEDESTRIAN AND BICYCLIST SAFETY INFRASTRUCTURE.

    Expenses $587,200 · Revenue $16,524

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Susan Hartmann

    EXECUTIVE DIRECTOR

    Total calculated
    $146,846
    From this org
    $146,846
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Daniel Cunningham

    EXECUTIVE DIR./COMM. PRES. TRUST

    Total calculated
    $130,000
    From this org
    $130,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    20

  • Maxine Gross

    DIR. (UNTIL 9/23)/CHAIR (AS OF 9/23)

    Total calculated
    $0
    Hours/week
    1

  • Carlo Colella

    ACTING C. (UNT 9/23)/VC (AS OF 9/23)

    Total calculated
    $0
    Hours/week
    1

  • Edward J Maginnis

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Gloria Aparicio-Blackwell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Stephen Brayman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • David Iannucci

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Fazlul Kabir

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kate Kennedy

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dr Patricia A Perillo

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Sen James C Rosapepe

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ken Ulman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Hon Patrick Wojahn

    DIRECTOR (UNTIL 3/24)

    Total calculated
    $0
    Hours/week
    1

  • Kenneth Young

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

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.

Schedule J

Answered yes

  • 3 · Form 990 of other organizations
  • 3 · Approval by the board or compensation committee

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

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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
14 May 2025
IRS schema version
2023v6.0
Source object
202541359349306404

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