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Nonprofiteer
← BALTIMORE WASHINGTON MEDICAL CENTER FOUNDATION INC

Form 990 for tax year 2023

Filed by BALTIMORE WASHINGTON MEDICAL CENTER FOUNDATION INC.

Totals

Total revenue
$3,569,131
Total expenses
$3,616,045
Contributions and grants received
$3,035,567
Grants paid
$3,449,231
Program service revenue
$0
Investment income
$446,524
Other revenue
$87,040
Total assets, end of year
$10,865,500
Total liabilities, end of year
$374,069
Net assets or fund balances, end of year
$10,491,431
Program services expenses (Part IX)
$3,472,091
Management and general expenses
$28,818
Fundraising expenses
$115,136
Program service expenses (Part III)
$3,472,091

Program services were 96.0% 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.

  • 1c · Fundraising events

    $272,328

  • 1f · All other contributions, gifts and grants

    $2,763,239

  • 1g · Noncash contributions included above

    $5,151

  • 2f · All other program service revenue

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

  • 3 · Investment income

    total $264,155 · related or exempt $0 · unrelated business $0 · excluded $264,155

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $3,072,401

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

    securities $2,890,032

  • 7c · Gain or loss

    securities $182,369 · other assets $0

  • 7d · Net gain or loss

    total $182,369 · related or exempt $0 · unrelated business $0 · excluded $182,369

  • 8a · Fundraising events: gross income

    $66,899

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

    $272,328

  • 8b · Fundraising events: direct expenses

    $74,897

  • 8c · Net income from fundraising events

    total -$7,998 · unrelated business $0 · excluded -$7,998

  • 11a · Other revenue: Other Revenue

    total $95,038 · related or exempt $95,038 · unrelated business $0 · excluded $0

  • 11d · All other revenue

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

  • 11e · Other revenue, total

    $95,038

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $3,417,431 · program services $3,417,431

  • 2 · Grants to domestic individuals

    total $31,800 · program services $31,800

  • 4 · Benefits paid to or for members

    total $0 · program services $0

  • 11f · Fees: investment management

    total $18,481 · program services $0 · management and general $18,481 · fundraising $0

  • 11g · Fees: other

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

  • 12 · Advertising and promotion

    total $115,136 · program services $0 · management and general $0 · fundraising $115,136

  • 13 · Office expenses

    total $10,337 · program services $0 · management and general $10,337 · fundraising $0

  • 24a · Other expenses: Miscellaneous

    total $22,860 · program services $22,860 · management and general $0 · fundraising $0

  • 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 $311,356 · end of year $665,310

  • 2 · Savings and temporary cash investments

    beginning of year $382,704 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $433,008 · end of year $537,544

  • 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 $8,688,245 · end of year $9,651,836

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $10,810 · end of year $10,810

  • 17 · Accounts payable and accrued expenses

    beginning of year $0 · end of year $14,794

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $359,275

  • 27 · Net assets without donor restrictions

    beginning of year $8,069,435 · end of year $7,202,439

  • 28 · Net assets with donor restrictions

    beginning of year $1,756,688 · end of year $3,288,992

Mission and programs · 2023

Mission

TO RAISE, INVEST AND DISTRIBUTE FUNDS TO FACILITATE THE ACCOMPLISHMENTS OF THE HEALHCARE MISSION OF THE BALTIMORE WASHINGTON MEDICAL CENTER, INC (BWMC).

Activities or mission (Part I)

To raise, invest and distribute funds to facilitate the accomplishments of the healthcare mission of the Baltimore Washington Medical Center, INC. (BWMC)

  • TO RAISE, INVEST AND DISTRIBUTE FUNDS IN SUPPORT OF BWMC'S PATIENT CARE PROGRAMS, RESEARCH, EDUCATION AND COMMUNITY PROGRAMS.

    Expenses $3,472,091 · Grants $3,449,231 · Revenue $95,038

As filed on the 2023 return.

Listed in Part VII

  • Kathryn C Burk

    VP AND EXECUTIVE DIRECTOR

    Total calculated
    $355,100
    From this org
    $0
    From related orgs
    $320,328
    Other
    $34,772
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $0 + $213,201 related
    Bonus
    $0 + $50,563 related
    Other
    $0 + $56,564 related
    Deferred
    $0 + $8,750 related
    Nontaxable benefits
    $0 + $26,022 related
    Filer's total
    $0 + $355,100 related

  • Moke Wolfe

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Paula Sidlowski

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Spencer D Neal

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Taren Butcher

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Chirag Chaudhari MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Chris Mason

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jennifer Chino

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jerray Slocum

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jori Robinson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Joseph Aiello

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kathleen C McCollum

    CEO AND PRESIDENT, UMBWMC

    Total calculated
    $799,389
    From this org
    $0
    From related orgs
    $757,526
    Other
    $41,863
    Hours/week
    1 + 41 related

    Schedule J breakdown matched by us

    Base
    $0 + $481,614 related
    Bonus
    $0 + $160,162 related
    Other
    $0 + $115,750 related
    Deferred
    $0 + $13,200 related
    Nontaxable benefits
    $0 + $28,663 related
    Filer's total
    $0 + $799,389 related

  • Kevin Butler

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Latoya Nkongolo

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Martha M Sidlowski

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Paul P Gable

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Pete Smith

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Scott J Dunkel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Tate-Macey Debra

    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. 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 PAID EMPLOYEES, ALL COMPENSATION TO OFFICER REPORTED ON PART VII OF THE FORM 990 WAS PAID BY A RELATED ORGANIZATION, BALTIMORE WASHINGTON MEDICAL CENTER, INC. 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 UNIVERSITY OF MARYLAND MEDICAL SYSTEM (UMMS) SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN. THE INDIVIDUALS LISTED BELOW HAVE VESTED IN THE PLAN IN A PRIOR YEAR, THEREFORE THE CONTRIBUTIONS TO THE PLAN FOR THE FISCAL YEAR ARE REPORTED AS TAXABLE COMPENSATION AND REPORTED ON SCHEDULE J, PART II, LINE B (III), OTHER REPORTABLE COMPENSATION: Kathleen McCollum, $83,988 KATHRYN BURK, $54,571

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.

Provenance

Return type
form_990
Tax year
2023
Filed
14 May 2025
IRS schema version
2023v6.0
Source object
202511349349309571

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