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← MEDICAL ALUMNI ASSOCIATION OF THE UNIVERSITY OF MARYLAND INC

Form 990 for tax year 2023

Filed by MEDICAL ALUMNI ASSOCIATION OF THE UNIVERSITY OF MARYLAND INC.

Totals

Total revenue
$2,047,744
Total expenses
$1,684,806
Contributions and grants received
$1,820,607
Grants paid
$489,181
Program service revenue
$45,165
Investment income
$164,394
Other revenue
$17,578
Total assets, end of year
$4,845,447
Total liabilities, end of year
$28,618
Net assets or fund balances, end of year
$4,816,829
Program services expenses (Part IX)
$1,161,585
Management and general expenses
$248,348
Fundraising expenses
$274,873
Program service expenses (Part III)
$1,161,585

Program services were 68.9% 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.

  • 1b · Membership dues

    $117,856

  • 1e · Government grants (contributions)

    $100,000

  • 1f · All other contributions, gifts and grants

    $1,602,751

  • 2a · Program service revenue: REUNIONS & ACTIVITIES

    total $45,165 · related or exempt $45,165

  • 3 · Investment income

    total $164,394 · excluded $164,394

  • 10a · Gross sales of inventory

    $4,075

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $4,075 · related or exempt $4,075

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $13,503 · excluded $13,503

  • 11e · Other revenue, total

    $13,503

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $458,597 · program services $458,597

  • 2 · Grants to domestic individuals

    total $30,584 · program services $30,584

  • 5 · Compensation of officers, directors and key employees

    total $343,025 · program services $85,756 · management and general $120,059 · fundraising $137,210

  • 7 · Other salaries and wages

    total $129,196 · program services $32,299 · management and general $45,218 · fundraising $51,679

  • 8 · Pension plan contributions

    total $5,250 · program services $1,313 · management and general $1,837 · fundraising $2,100

  • 9 · Other employee benefits

    total $53,825 · program services $13,456 · management and general $18,839 · fundraising $21,530

  • 10 · Payroll taxes

    total $24,600 · program services $6,150 · management and general $8,610 · fundraising $9,840

  • 11c · Fees: accounting

    total $23,319 · management and general $23,319

  • 11f · Fees: investment management

    total $10,783 · program services $2,696 · management and general $3,774 · fundraising $4,313

  • 12 · Advertising and promotion

    total $9,355 · fundraising $9,355

  • 13 · Office expenses

    total $62,202 · program services $14,832 · management and general $23,640 · fundraising $23,730

  • 14 · Information technology

    total $7,072 · fundraising $7,072

  • 19 · Conferences, conventions and meetings

    total $3,936 · program services $984 · management and general $1,378 · fundraising $1,574

  • 23 · Insurance

    total $3,058 · program services $765 · management and general $1,070 · fundraising $1,223

  • 24a · Other expenses: DAVIDGE HALL EXPENSES

    total $211,877 · program services $211,877

  • 24b · Other expenses: REUNIONS & ACTIVITIES

    total $188,074 · program services $188,074

  • 24c · Other expenses: BULLETIN EXPENSE

    total $113,110 · program services $113,110

  • 24d · Other expenses: BOWERS MUSEUM

    total $5,096 · program services $658 · fundraising $4,438

  • 24e · All other expenses

    total $1,847 · program services $434 · management and general $604 · fundraising $809

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $4,229,258 · end of year $4,490,658

  • 4 · Accounts receivable

    end of year $85,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $29,028 · end of year $18,548

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

    $201,373

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

    $201,373

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $233,247 · end of year $251,241

  • 17 · Accounts payable and accrued expenses

    beginning of year $37,642 · end of year $28,618

  • 27 · Net assets without donor restrictions

    beginning of year $3,788,251 · end of year $3,921,991

  • 28 · Net assets with donor restrictions

    beginning of year $665,640 · end of year $894,838

Mission and programs · 2023

Mission

TO PROVIDE AN ALUMNI ASSOCIATION FOR GRADUATES OF THE UNIVERSITY OF MARYLAND MEDICAL SCHOOL TO ENHANCE EFFORTS IN CARRYING ON THE EDUCATIONAL MISSION OF THE SCHOOL, AND PRESERVE A HISTORIC TEACHING FACILITY FOR USE BY ALUMNI AND STUDENTS NOW AND IN THE FUTURE.

Activities or mission (Part I)

TO ENHANCE EFFORTS IN CARRYING ON THE EDUCATIONAL MISSION OF THE U OF MD MEDICAL SCHOOL.

  • FUND RAISING IN SUPPORT OF THE UNIVERSITY OF MARYLAND MEDICAL SCHOOL:THE MEDICAL ALUMNI ASSOCIATION (MAA) RAISED $1,602,751 IN GIFTS TO BENEFIT THE MEDICAL SCHOOL. OF THIS AMOUNT, $489,181 WAS DISTRIBUTED DIRECTLY FOR THE BENEFIT OF THE UNIVERSITY OF MARYLAND. A PORTION OF THESE GIFTS WERE APPLIED TOWARD PROGRAMS AND SERVICES FOR 10,000 ALUMNI, FACULTY, STUDENTS, AND FRIENDS OF THE MEDICAL SCHOOL.

    Expenses $489,181 · Grants $489,181

  • JOINT SPONSORSHIP OF "THE BULLETIN" MAGAZINE:FOUR ISSUES OF "THE BULLETIN" WERE PUBLISHED AND MAILED TO MORE THAN 9,000 ALUMNI, FACULTY, FRIENDS, AND STUDENTS OF THE MEDICAL SCHOOL AND EMAILED TO THOUSANDS MORE. AN EDITORIAL BOARD, CONSISTING OF MORE THAN 20 ALUMNI AND MEDICAL SCHOOL REPRESENTATIVES, PROVIDED GUIDANCE AND EDITORIAL ASSISTANCE IN THE MAGAZINE'S PRODUCTION. THE BULLETIN IS RECOGNIZED AS THE OLDEST MEDICAL ALUMNI PUBLICATION IN THE UNITED STATES.

    Expenses $240,056

  • ALUMNI AND STUDENT RELATED ACTIVITIES:MORE THAN 600 ALUMNI AND GUESTS RETURNED TO CAMPUS FOR A TWO-DAY REUNION IN MAY, AND SEVERAL STUDENT AND ALUMNI ACTIVITIES WERE STAGED DURING THE YEAR, INCLUDING FRESHMEN ORIENTATION, WHITE COAT CEREMONY, SOPHOMORE CLINICIAN CEREMONY, SENIOR MATCH DAY, AND JUNIOR BULL ROAST CELEBRATIONS FOR STUDENTS, AS WELL AS RECEPTIONS MEDICAL MEETINGS FOR ALUMNI. THE MAA PROVIDED INCOMING STUDENTS WITH STETHOSCOPES.

    Expenses $188,074 · Revenue $49,240

  • TO SUPPORT THE RESTORATION, MAINTENANCE, AND ADMINISTRATION OF DAVIDGE HALL, THE OLDEST MEDICAL TEACHING FACILITY IN AMERICA. THIS YEAR WE RESTORED AND INTERIOR OF CHEMICAL HALL ON THE BUILDING'S FIRST FLOOR WHICH INCLUDED ALL NEW MULTI-MEDIA EQUIPMENT.

    Expenses $244,274

  • MEMBERSHIP DRIVE: THE ASSOCIATION REQUESTS $85 IN MEMBERSHIP FEES FROM EACH GRADUATE THAT SUPPORTS MAINTENANCE OF THE ALUMNI DATA BASE AND ADMINISTERS PROGRAMS AND SERVICES TO BENEFIT ALL GRADUATES AND PROMOTE THE ASSOCIATION TO STUDENTS.

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

Listed in Part VII

  • Harry A Oken MD

    PRESIDENT UNTIL MAY 2024

    Total calculated
    $0
    Hours/week
    1

  • George Kochman MD

    PRESIDENT/PRESIDENT-ELECT

    Total calculated
    $0
    Hours/week
    1

  • Tuanh Tonnu MD

    PRESIDENT-ELECT/VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Sachin Kalyani MD

    VICE PRESIDENT/TREASURER

    Total calculated
    $0
    Hours/week
    1

  • G Thomas Grace MD

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Carole Miller MD

    TREASURER/SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Joy W Chang MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Robert B Donegan MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Katherine Duncan MD

    DIRECTOR UNTIL MAY 2024

    Total calculated
    $0
    Hours/week
    1

  • Elizabeth D Feldman MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Neal M Friedlander MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dean Glaros MD

    DIRECTOR UNTIL MAY 2024

    Total calculated
    $0
    Hours/week
    1

  • Elizabeth Lamos MD

    DIRECTOR UNTIL MAY 2024

    Total calculated
    $0
    Hours/week
    1

  • Shavonne Massey MD

    DIRECTOR UNTIL MAY 2024

    Total calculated
    $0
    Hours/week
    1

  • Julie Taylor Schultz MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Marjorie K Warden MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Robert F Corder MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Scott E Laborwit MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kathryn S Robinett MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Lawrence R Pitrof

    EXECUTIVE DIRECTOR

    Total calculated
    $362,534
    From this org
    $285,788
    From related orgs
    $0
    Other
    $76,746
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $283,638
    Bonus
    $0
    Other
    $2,150
    Deferred
    $18,455
    Nontaxable benefits
    $58,291
    Filer's total
    $362,534

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

  • 3 · Compensation committee
  • 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

Provenance

Return type
form_990
Tax year
2023
Filed
15 January 2025
IRS schema version
2023v6.0
Source object
202500159349301725

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