Skip to content
Nonprofiteer
← UNIVERSITY OF MARYLAND MEDICAL SYSTEM FOUNDATION INC

Form 990 for tax year 2023

Filed by UNIVERSITY OF MARYLAND MEDICAL SYSTEM FOUNDATION INC.

Totals

Total revenue
$15,268,534
Total expenses
$10,070,758
Contributions and grants received
$11,663,647
Grants paid
$4,620,422
Program service revenue
$0
Investment income
$4,322,332
Other revenue
-$717,445
Total assets, end of year
$103,971,323
Total liabilities, end of year
$2,185,732
Net assets or fund balances, end of year
$101,785,591
Program services expenses (Part IX)
$6,584,263
Management and general expenses
$3,406,968
Fundraising expenses
$79,527
Program service expenses (Part III)
$6,584,263

Program services were 65.4% 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.

  • 1a · Federated campaigns

    $12,366

  • 1c · Fundraising events

    $1,538,204

  • 1d · Related organizations

    $2,877,005

  • 1e · Government grants (contributions)

    $631,940

  • 1f · All other contributions, gifts and grants

    $6,604,132

  • 1g · Noncash contributions included above

    $52,373

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $3,032,699 · related or exempt $0 · unrelated business -$176 · excluded $3,032,875

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $78,199,215

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

    securities $76,909,582

  • 7c · Gain or loss

    securities $1,289,633 · other assets $0

  • 7d · Net gain or loss

    total $1,289,633 · related or exempt $0 · unrelated business $0 · excluded $1,289,633

  • 8a · Fundraising events: gross income

    $166,818

  • 8a · Fundraising events: contributions included on line 1c

    $1,538,204

  • 8b · Fundraising events: direct expenses

    $894,089

  • 8c · Net income from fundraising events

    total -$727,271 · unrelated business $0 · excluded -$727,271

  • 11a · Other revenue: Gift Processing Fee

    total $9,826 · related or exempt $9,826 · unrelated business $0 · excluded $0

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $9,826

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $4,620,422 · program services $4,620,422

  • 4 · Benefits paid to or for members

    total $0 · program services $0

  • 5 · Compensation of officers, directors and key employees

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 7 · Other salaries and wages

    total $2,124,250 · program services $718,416 · management and general $1,405,834 · fundraising $0

  • 8 · Pension plan contributions

    total $14,401 · program services $0 · management and general $14,401 · fundraising $0

  • 10 · Payroll taxes

    total $33,155 · program services $0 · management and general $33,155 · fundraising $0

  • 11f · Fees: investment management

    total $92,895 · program services $0 · management and general $92,895 · fundraising $0

  • 11g · Fees: other

    total $1,922,023 · program services $289,432 · management and general $1,580,329 · fundraising $52,262

  • 12 · Advertising and promotion

    total $5,956 · program services $5,390 · management and general $566 · fundraising $0

  • 13 · Office expenses

    total $86,662 · program services $27,585 · management and general $53,986 · fundraising $5,091

  • 16 · Occupancy

    total $32,764 · program services $26,570 · management and general $194 · fundraising $6,000

  • 17 · Travel

    total $23,813 · program services $8,836 · management and general $14,977 · fundraising $0

  • 19 · Conferences, conventions and meetings

    total $34,927 · program services $1,317 · management and general $33,610 · fundraising $0

  • 24a · Other expenses: Bad Debt expense

    total $845,572 · program services $845,572 · management and general $0 · fundraising $0

  • 24b · Other expenses: Other consulting services

    total $233,918 · program services $40,723 · management and general $177,021 · fundraising $16,174

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $8,684,547 · end of year $7,308,990

  • 2 · Savings and temporary cash investments

    beginning of year $3,807,240 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $14,374,628 · end of year $14,667,871

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

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

    $0

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $15,367,992 · end of year $5,780,700

  • 12 · Investments: other securities

    beginning of year $223,244 · end of year $58,328

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $60,522,276 · end of year $76,155,434

  • 17 · Accounts payable and accrued expenses

    beginning of year $915,163 · end of year $830,812

  • 18 · Grants payable

    beginning of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $11,226,769 · end of year $1,354,920

  • 27 · Net assets without donor restrictions

    beginning of year $26,411,702 · end of year $22,586,444

  • 28 · Net assets with donor restrictions

    beginning of year $64,426,293 · end of year $79,199,147

Mission and programs · 2023

Mission

UMMS FOUNDATION, INC. RAISES CHARITABLE FUNDS TO SAFEGUARD THE FUTURE OF HEALTH CARE EXCELLENCE FOR UNIVERSITY OF MARYLAND MEDICAL SYSTEM.

  • 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.

    Expenses $6,584,263 · Grants $4,620,422 · Revenue $9,826

As filed on the 2023 return.

Listed in Part VII

  • Barry P Gossett

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • William Kirwan

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Alison G Brown

    Director (end 09/2023)

    Total calculated
    $643,624
    From this org
    $0
    From related orgs
    $613,530
    Other
    $30,094
    Hours/week
    1 + 42 related

    Schedule J breakdown matched by us

    Base
    $0 + $337,766 related
    Bonus
    $0 + $186,274 related
    Other
    $0 + $89,490 related
    Deferred
    $0 + $13,200 related
    Nontaxable benefits
    $0 + $16,894 related
    Filer's total
    $0 + $643,624 related

  • Barry Stoler

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Bert W O'Malley MD

    PRESIDENT AND CEO UMMC

    Total calculated
    $2,025,849
    From this org
    $0
    From related orgs
    $1,795,984
    Other
    $229,865
    Hours/week
    1 + 43 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,272,666 related
    Bonus
    $0 + $501,000 related
    Other
    $0 + $22,318 related
    Deferred
    $0 + $206,792 related
    Nontaxable benefits
    $0 + $23,073 related
    Filer's total
    $0 + $2,025,849 related

  • Bruce Poole

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Julie Nemens

    DIRECTOR

    Total calculated
    $421,474
    From this org
    $0
    From related orgs
    $358,385
    Other
    $63,089
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $270,417 related
    Bonus
    $0 + $72,490 related
    Other
    $0 + $15,478 related
    Deferred
    $0 + $37,041 related
    Nontaxable benefits
    $0 + $26,048 related
    Filer's total
    $0 + $421,474 related

  • Mary McLaughlin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Richard Armiger

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • George A Sprinkel

    TREASURER

    Total calculated
    $826,868
    From this org
    $0
    From related orgs
    $718,698
    Other
    $108,170
    Hours/week
    1 + 42 related

    Schedule J breakdown matched by us

    Base
    $0 + $505,324 related
    Bonus
    $0 + $177,029 related
    Other
    $0 + $36,345 related
    Deferred
    $0 + $77,417 related
    Nontaxable benefits
    $0 + $30,753 related
    Filer's total
    $0 + $826,868 related

  • Melissa R Lambdin

    SECRETARY

    Total calculated
    $367,299
    From this org
    $0
    From related orgs
    $309,622
    Other
    $57,677
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $233,852 related
    Bonus
    $0 + $65,985 related
    Other
    $0 + $9,785 related
    Deferred
    $0 + $26,549 related
    Nontaxable benefits
    $0 + $31,128 related
    Filer's total
    $0 + $367,299 related

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

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 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 Arrangement used to establish the top management official's compensation
THE ORGANIZATION DOES NOT HAVE ANY PAID EMPLOYEES; ALL COMPENSATION TO OFFICERS, DIRECTORS, AND KEY EMPLOYEES REPORTED ON PART VII OF THE FORM 990 WAS PAID BY A RELATED ORGANIZATION, UMMS, OR ANOTHER RELATED ENTITY IN THE UMMS SYSTEM. THE RELATED ENTITY CHECKS THE FOLLOWING BOXES FOR SCHEDULE J, QUESTION 3 ON ITS FORM 990: - COMPENSATION COMMITTEE - INDEPENDENT COMPENSATION CONSULTANT - COMPENSATION SURVEY OR STUDY - APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE.
Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan
DURING THE FISCAL YEAR- ENDED JUNE 30, 2024, CERTAIN OFFICERS AND KEY EMPLOYEES PARTICIPATED IN THE UMMS SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN. THE INDIVIDUALS LISTED BELOW HAVE NOT VESTED IN THE PLAN THEREFORE THE ACCRUED CONTRIBUTION TO THE PLAN FOR THE FISCAL YEAR IS REPORTED ON SCHEDULE J, PART II, COLUMN C, RETIREMENT AND OTHER DEFERRED COMPENSATION: BERT W OMALLEY GEORGE A SPRINKEL MELISSA R LAMBDIN ALISON BROWN

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

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • BALTIMORE WASHINGTON IMAGING

    N/A · HEALTHCARE · MD

    Directly controlled by UMBWMS

  • UNIVERSITYCARE LLC

    N/A · HEALTHCARE · MD

    Directly controlled by UMMSC

  • O'DEA MEDICAL ARTS LIMITED PAR

    N/A · RENTAL · MD

    Directly controlled by SJMC PROP

  • ADVANCED IMAGING AT ST JOSEPH

    N/A · HEALTHCARE · MD

    Directly controlled by UMSJMC

  • UNIVERSITY OF MARYLAND CHARLES

    N/A · HEALTHCARE · MD

    Directly controlled by UMCRCP

  • BALTIMORE ASC VENTURES LLC

    N/A · HEALTHCARE · DE

    Directly controlled by UMSJMC

  • UCHSUMMS Real Estate Trust

    N/A · Holding Co · MD

    Directly controlled by UMMSC

  • UM Chesapeake Surgery Center LLC

    N/A · Healthcare · MD

    Directly controlled by UCHV

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • NA EXECUTIVE BUILDING CONDO ASSN INC

    C Corporation · REAL ESTATE · MD

    Directly controlled by NA

  • UM CHARLES REGIONAL CARE PARTNERS

    C Corporation · HEALTHCARE · MD

    Directly controlled by NA

  • UNIVERSITY MIDTOWN PROF CENTER

    C Corporation · REAL ESTATE · MD

    Directly controlled by NA

  • UNIVERSITY OF MARYLAND MEDICAL SYSTEM HE

    C Corporation · INSURANCE · MD

    Directly controlled by NA

  • UPPER CHESAPEAKE HEALTH VENTURES INC

    C Corporation · HEALTHCARE · MD

    Directly controlled by NA

  • UPPER CHESAPEAKE MEDICAL CENTER LAND CON

    C Corporation · REAL ESTATE · MD

    Directly controlled by NA

  • UPPER CHESAPEAKE MEDICAL OFFICE BUILDING

    C Corporation · REAL ESTATE · MD

    Directly controlled by NA

  • SHORE ORTHOPEDICS INC

    C Corporation · HEALTHCARE · MD

    Directly controlled by NA

  • MADISON MANOR INC

    C Corporation · HEALTHCARE · MD

    Directly controlled by NA

  • AFFILIATED ENTERPRISES INC

    C Corporation · HEALTHCARE · MD

    Directly controlled by NA

  • RIVERSIDE HEALTH OF DELAWARE INC

    C Corporation · HEALTHCARE · DE

    Directly controlled by NA

  • RIVERSIDE HEALTH OF DC INC

    C Corporation · HEALTHCARE · DC

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2023
Filed
14 May 2025
IRS schema version
2023v6.0
Source object
202521349349308387

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

The source document this was parsed from is served over the API, which is where bulk and document access live.