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Nonprofiteer
← UNIVERSITY OF BALTIMORE FOUNDATION INC

Form 990 for tax year 2024

Filed by UNIVERSITY OF BALTIMORE FOUNDATION INC.

Totals

Total revenue
$14,645,017
Total expenses
$7,640,162
Contributions and grants received
$7,991,170
Grants paid
$0
Program service revenue
$34,116
Investment income
$6,615,692
Other revenue
$4,039
Total assets, end of year
$117,233,063
Total liabilities, end of year
$2,463,219
Net assets or fund balances, end of year
$114,769,844
Program services expenses (Part IX)
$6,283,416
Management and general expenses
$1,069,590
Fundraising expenses
$287,156
Program service expenses (Part III)
$6,283,416

Program services were 82.2% 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.

  • 1d · Related organizations

    $2,386,414

  • 1e · Government grants (contributions)

    $98,074

  • 1f · All other contributions, gifts and grants

    $5,506,682

  • 1g · Noncash contributions included above

    $1,665,630

  • 2a · Program service revenue: PROGRAM INCOME

    total $34,116 · related or exempt $34,116

  • 3 · Investment income

    total $3,481,629 · excluded $3,481,629

  • 7a · Gross sales of assets other than inventory

    securities $22,276,902

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

    securities $19,142,839

  • 7c · Gain or loss

    securities $3,134,063

  • 7d · Net gain or loss

    total $3,134,063 · excluded $3,134,063

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $4,039 · related or exempt $4,039

  • 11e · Other revenue, total

    $4,039

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $164,979 · management and general $164,979

  • 7 · Other salaries and wages

    total $304,193 · management and general $304,193

  • 8 · Pension plan contributions

    total $31,775 · management and general $31,775

  • 9 · Other employee benefits

    total $28,162 · management and general $28,162

  • 10 · Payroll taxes

    total $33,043 · management and general $33,043

  • 11b · Fees: legal

    total $9,062 · program services $3,406 · management and general $2,338 · fundraising $3,318

  • 11c · Fees: accounting

    total $53,964 · management and general $53,964

  • 11e · Fees: professional fundraising services

    total $51,246 · fundraising $51,246

  • 11f · Fees: investment management

    total $246,330 · management and general $246,330

  • 11g · Fees: other

    total $385,177 · program services $185,618 · management and general $74,859 · fundraising $124,700

  • 12 · Advertising and promotion

    total $365,635 · program services $365,635

  • 13 · Office expenses

    total $24,972 · program services $24,972

  • 14 · Information technology

    total $181,506 · program services $58,969 · management and general $107,951 · fundraising $14,586

  • 17 · Travel

    total $138,998 · program services $138,132 · fundraising $866

  • 19 · Conferences, conventions and meetings

    total $399,871 · program services $397,379 · fundraising $2,492

  • 23 · Insurance

    total $21,662 · management and general $21,662

  • 24a · Other expenses: STUDENT/FACULTY SUPPORT

    total $4,121,689 · program services $4,121,689

  • 24b · Other expenses: OTHER PROGRAM SUPPORT

    total $824,452 · program services $824,452

  • 24c · Other expenses: MISCELLANEOUS

    total $253,446 · program services $163,164 · management and general $334 · fundraising $89,948

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $19,182,327 · end of year $18,725,028

  • 3 · Pledges and grants receivable

    beginning of year $5,256,559 · end of year $4,594,525

  • 4 · Accounts receivable

    beginning of year $19 · end of year $3,500

  • 9 · Prepaid expenses and deferred charges

    beginning of year $86,987 · end of year $175,615

  • 11 · Investments: publicly traded securities

    beginning of year $59,495,418 · end of year $65,003,933

  • 12 · Investments: other securities

    beginning of year $23,602,134 · end of year $26,922,178

  • 15 · Other assets

    beginning of year $454,284 · end of year $1,808,284

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,294,565 · end of year $1,376,432

  • 19 · Deferred revenue

    beginning of year $891,621 · end of year $1,086,787

  • 27 · Net assets without donor restrictions

    beginning of year $13,113,697 · end of year $16,754,027

  • 28 · Net assets with donor restrictions

    beginning of year $92,777,845 · end of year $98,015,817

Mission and programs · 2024

Mission

TO RAISE AND MANAGE FUNDS AND TO PROVIDE FINANCIAL SUPPORT TO THE UNIVERSITY OF BALTIMORE. THE FOUNDATION PROVIDES LEADERSHIP, GUIDANCE, AND SUPPORT TO THE UNIVERSITY'S ADMINISTRATION IN ADVANCING THE MISSION AND VISION OF THE UNIVERSITY.

Activities or mission (Part I)

ESTABLISHED TO RAISE, MANAGE FUNDS, AND PROVIDE FINANCIAL SUPPORT TO THE UNIVERSITY OF BALTIMORE.

  • ALL PROGRAM SERVICE EXPENSES AND DISTRIBUTIONS SUPPORT THE EDUCATIONAL ACTIVITIES OF THE UNIVERSITY OF BALTIMORE. THE FOUNDATION SUPPORTED INITIATIVES OF THE UNIVERSITY SUCH AS SCHOLARSHIPS, FACULTY SUPPORT, AND COMMUNITY OUTREACH PROGRAMS.

    Expenses $6,283,416 · Revenue $38,155

As filed on the 2024 return.

Listed in Part VII

  • NINA YUDELL

    DIRECTOR/ IMMEDIATE PAST C

    Total calculated
    $0
    Hours/week
    1

  • JOAN WORTHINGTON

    CHAIR

    Total calculated
    $0
    Hours/week
    5

  • MICHAEL L CURRY

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • CYNTHIA H JONES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • R THOMAS CRAWFORD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JEFF GLOCK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CARMINE D'ALESSANDRO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ARTHUR E FLACH

    VICE-CHAIR

    Total calculated
    $0
    Hours/week
    5

  • PIERCE FLANIGAN IV

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • RICHARD A SNELLINGER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SAYRA MEYERHOFF

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KURT L SCHMOKE

    EX-OFFICIO

    Total calculated
    $0
    Hours/week
    1

  • DAN MORRISON

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • PHAEDRA STEWART

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • STUART J SILBERG

    EX-OFFICIO / DIRECTOR EMER

    Total calculated
    $0
    Hours/week
    1

  • DEBRA L ROBERTS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • GRETA L STETSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • THERESA SILANSKIS

    EXECUTIVE DIRECTOR EX-OFFICIO

    Total calculated
    $0
    Hours/week
    40

  • AMY D SHAVER

    CFO

    Total calculated
    $164,979
    From this org
    $153,400
    From related orgs
    $0
    Other
    $11,579
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $151,400
    Bonus
    $2,000
    Other
    $0
    Deferred
    $11,579
    Nontaxable benefits
    $0
    Filer's total
    $164,979

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 · 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

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.

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
2024
Filed
17 December 2025
IRS schema version
2024v5.2
Source object
202503539349301505

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