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Nonprofiteer
← UMB HEALTH SCIENCES RESEARCH PARK CORPORATION

Form 990 for tax year 2023

Filed by UMB HEALTH SCIENCES RESEARCH PARK CORPORATION.

Totals

Total revenue
$2,309,599
Total expenses
$2,373,275
Contributions and grants received
$5,000
Grants paid
$798,511
Program service revenue
$0
Investment income
$263,012
Other revenue
$2,041,587
Total assets, end of year
$17,897,910
Total liabilities, end of year
$1,265,387
Net assets or fund balances, end of year
$16,632,523
Program services expenses (Part IX)
$2,257,429
Management and general expenses
$115,846
Fundraising expenses
$0
Program service expenses (Part III)
$2,257,429

Program services were 95.1% 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.

  • 1f · All other contributions, gifts and grants

    $5,000

  • 3 · Investment income

    total $244,686 · excluded $244,686

  • 6a · Gross rents

    real property $2,007,552

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $2,007,552

  • 6d · Net rental income or loss

    total $2,007,552 · excluded $2,007,552

  • 7a · Gross sales of assets other than inventory

    securities $3,146,861

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

    securities $3,128,535

  • 7c · Gain or loss

    securities $18,326

  • 7d · Net gain or loss

    total $18,326 · excluded $18,326

  • 11a · Other revenue: OTHER INCOME

    total $34,035 · related or exempt $34,035

  • 11e · Other revenue, total

    $34,035

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $798,511 · program services $798,511

  • 7 · Other salaries and wages

    total $56,110 · program services $44,888 · management and general $11,222

  • 10 · Payroll taxes

    total $4,294 · program services $3,435 · management and general $859

  • 11b · Fees: legal

    total $51,975 · program services $51,975

  • 11c · Fees: accounting

    total $96,947 · management and general $96,947

  • 11g · Fees: other

    total $396 · program services $317 · management and general $79

  • 12 · Advertising and promotion

    total $417,649 · program services $417,649

  • 13 · Office expenses

    total $1,090 · program services $872 · management and general $218

  • 16 · Occupancy

    total $213,486 · program services $213,486

  • 22 · Depreciation, depletion and amortization

    total $186,947 · program services $186,947

  • 23 · Insurance

    total $12,368 · program services $12,316 · management and general $52

  • 24a · Other expenses: SECURITY

    total $244,809 · program services $244,809

  • 24b · Other expenses: LANDSCAPING & GROUNDS M

    total $212,568 · program services $212,568

  • 24c · Other expenses: PROPERTY TAXES

    total $44,960 · program services $44,960

  • 24d · Other expenses: SHUTTLE SERVICE

    total $15,433 · program services $15,433

  • 24e · All other expenses

    total $15,732 · program services $9,263 · management and general $6,469

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $229,342 · end of year $212,011

  • 2 · Savings and temporary cash investments

    beginning of year $260,821 · end of year $184,933

  • 4 · Accounts receivable

    beginning of year $13,818 · end of year $137,509

  • 9 · Prepaid expenses and deferred charges

    beginning of year $6,184 · end of year $250,285

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

    $12,030,663

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

    $2,856,669

  • 10c · Land, buildings and equipment, net

    beginning of year $9,348,790 · end of year $9,173,994

  • 11 · Investments: publicly traded securities

    beginning of year $7,677,724 · end of year $7,861,121

  • 15 · Other assets

    beginning of year $79,351 · end of year $78,057

  • 17 · Accounts payable and accrued expenses

    beginning of year $326,230 · end of year $250,275

  • 19 · Deferred revenue

    beginning of year $863,807 · end of year $1,015,112

  • 27 · Net assets without donor restrictions

    beginning of year $14,402,193 · end of year $14,608,723

  • 28 · Net assets with donor restrictions

    beginning of year $2,023,800 · end of year $2,023,800

Mission and programs · 2023

Mission

TO SUPPORT THE MISSIONS OF UNIVERSITY OF MARYLAND, BALTIMORE (UMB), A TAX-EXEMPT ORGANIZATION, INCLUDING THEIR CREATION OF THE UNIVERSITY OF MARYLAND BIOPARK. TO MAINTAIN THE BIOPARK AND MONITOR ALL LEASES, CONVENANTS AND RESTRICTIONS CONCERNING THE USES OF THE BIOPARK.

Activities or mission (Part I)

TO SUPPORT THE MISSIONS OF UNIVERSITY OF MARYLAND, BALTIMORE (UMB), A TAX-EXEMPT ORGANIZATION, INCLUDING THEIR CREATION OF THE UNIVERSITY OF MARYLAND BIOPARK. TO MAINTAIN THE BIOPARK AND MONITOR ALL LEASES, COVENANTS AND RESTRICTIONS CONCERNING THE USES OF THE BIOPARK.

  • TO HOLD, LEASE, MANAGE, AND ADMINISTER THE LAND AND REAL ESTATE KNOWN AS THE UNIVERSITY OF MARYLAND BIOPARK AND OTHER PROPERTY RELATED TO THE BIOPARK.TO SUPPORT ALL OF THE EDUCATIONAL, RESEARCH AND SUPPORT ACTIVITIES CONDUCTED BY AND ON BEHALF OF UMB.

    Expenses $2,257,429 · Grants $798,511

As filed on the 2023 return.

Listed in Part VII

  • John M Prugh

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • John M Hamilton

    AUDIT CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Dr David L Dalton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Harold E Chappelear

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Richard J Himelfarb

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Honorable Janet S Owens

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Marilynn K Duker

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Chickie Grayson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Rachel K King

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Guy Filippelli

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Donald Munroe PhD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • James L Hughes

    PRESIDENT/EX OFFICIO DIREC

    Total calculated
    $579,849
    From this org
    $0
    From related orgs
    $531,826
    Other
    $48,023
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $531,826 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $29,902 related
    Nontaxable benefits
    $0 + $18,121 related
    Filer's total
    $0 + $579,849 related

  • Jane M Shaab

    SECRETARY/EX OFFICIO DIREC

    Total calculated
    $290,541
    From this org
    $0
    From related orgs
    $272,420
    Other
    $18,121
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $272,420 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $18,121 related
    Filer's total
    $0 + $290,541 related

  • Jane Allgair

    TREASURER (AS OF 11/02/2023)

    Total calculated
    $184,343
    From this org
    $0
    From related orgs
    $161,486
    Other
    $22,857
    Hours/week
    24

    Schedule J breakdown matched by us

    Base
    $0 + $161,486 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $22,857 related
    Filer's total
    $0 + $184,343 related

  • Linda Cassard

    TREASURER (THRU 10/15/2023)

    Total calculated
    $160,371
    From this org
    $160,371
    From related orgs
    $0
    Other
    $0
    Hours/week
    24

    Schedule J breakdown matched by us

    Base
    $160,371
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $160,371

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 · Written employment contract
  • 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

The filer's explanations (Part III)

PART I, LINE 3
THE FORMER TREASURER WAS AN OFFICER AND EMPLOYEE OF THIS ORGANIZATION AND HAD A WRITTEN EMPLOYMENT CONTRACT WITH THIS ORGANIZATION THROUGH OCTOBER 2023. THE OTHER OFFICERS OF THIS ORGANIZATION ARE ALSO OFFICERS AND/OR EMPLOYEES OF UNIVERSITY OF MARYLAND, BALTIMORE, A RELATED PARTY. THE UNIVERSITY OF MARYLAND, BALTIMORE HAS ESTABLISHED SPECIFIC GUIDELINES AND CRITERIA FOR DETERMINING COMPENSATION OF ITS OFFICERS AND EMPLOYEES.

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

Provenance

Return type
form_990
Tax year
2023
Filed
13 May 2025
IRS schema version
2023v6.0
Source object
202511339349306901

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