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Nonprofiteer
← MARYLAND MEDICINE P A

Form 990 for tax year 2022

Filed by MARYLAND MEDICINE P A.

Totals

Total revenue
$16,590,228
Total expenses
$16,582,192
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$16,577,044
Investment income
$13,184
Other revenue
$0
Total assets, end of year
$682,026
Total liabilities, end of year
$643,390
Net assets or fund balances, end of year
$38,636
Program services expenses (Part IX)
$16,577,044
Management and general expenses
$5,148
Fundraising expenses
$0
Program service expenses (Part III)
$16,577,044

Program services were 100.0% 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.

  • 2a · Program service revenue: SERVICE REVENUE

    total $16,577,044 · related or exempt $16,577,044

  • 3 · Investment income

    total $13,184 · excluded $13,184

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0

  • 7d · Net gain or loss

    total $0

  • 8a · Fundraising events: gross income

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $0

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $15,138,007 · program services $15,138,007

  • 8 · Pension plan contributions

    total $999,919 · program services $999,919

  • 9 · Other employee benefits

    total $8,287 · program services $8,287

  • 10 · Payroll taxes

    total $430,831 · program services $430,831

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $0

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $290 · management and general $290

  • 11g · Fees: other

    total $0

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $0

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $0

  • 17 · Travel

    total $0

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $0

  • 23 · Insurance

    total $0

  • 24a · Other expenses: BANK CHARGES

    total $4,555 · management and general $4,555

  • 24b · Other expenses: BUSINESS PROPERTY TAXES

    total $303 · management and general $303

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $765,643 · end of year $544,499

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $2,212 · end of year $2,213

  • 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

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $135,314

  • 17 · Accounts payable and accrued expenses

    beginning of year $287,634 · end of year $221,293

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $449,621 · end of year $422,097

  • 27 · Net assets without donor restrictions

    beginning of year $30,600 · end of year $38,636

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2022

Mission

UNDER THE MEDICAL SERVICE PLAN OF THE UNIVERSITY OF MARYLAND, SCHOOL OF MEDICINE, ADMINISTRATIVE SUPPORT SERVICES ARE PROVIDED TO THE PHYSICIAN PRACTICES OF THE UNIVERSITY OF MARYLAND, INCLUDING HUMAN RESOURCES AND OTHER PAYROLL SERVICES. THESE SERVICES ALLOW THE PHYSICIAN PRACTICES TO DELIVER HEALTHCARE TO THE GENERAL PUBLIC WITHOUT REGARD TO THE PATIENT'S ABILITY TO PAY FOR THE SERVICES ON BEHALF OF THE SCHOOL OF MEDICINE.

Activities or mission (Part I)

SEE SCHEDULE O

  • UNDER THE MEDICAL SERVICE PLAN OF THE UNIVERSITY OF MARYLAND, SCHOOL OF MEDICINE, ADMINISTRATIVE SUPPORT SERVICES ARE PROVIDED TO THE PHYSICIAN PRACTICES OF THE UNIVERSITY OF MARYLAND, INCLUDING HUMAN RESOURCES AND OTHER PAYROLL SERVICES. THESE SERVICES ALLOW THE PHYSICIAN PRACTICES TO DELIVER HEALTHCARE TO THE GENERAL PUBLIC WITHOUT REGARD TO THE PATIENT'S ABILITY TO PAY FOR THE SERVICES ON BEHALF OF THE SCHOOL OF MEDICINE.

    Expenses $16,577,044 · Revenue $16,577,044

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • William E Tucker

    TREASURER (THRU 07/22)

    Total calculated
    $520,114
    From this org
    $0
    From related orgs
    $465,660
    Other
    $54,454
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $360,930 related
    Bonus
    $0 + $104,730 related
    Other
    $0
    Deferred
    $0 + $37,318 related
    Nontaxable benefits
    $0 + $17,136 related
    Filer's total
    $0 + $520,114 related

  • Kyle Hatten MD

    PHYSICIAN

    Total calculated
    $403,632
    From this org
    $0
    From related orgs
    $376,205
    Other
    $27,427
    Hours/week
    0 + 28 related

    Schedule J breakdown matched by us

    Base
    $0 + $251,295 related
    Bonus
    $0 + $124,910 related
    Other
    $0
    Deferred
    $0 + $22,038 related
    Nontaxable benefits
    $0 + $5,389 related
    Filer's total
    $0 + $403,632 related

  • David Jerrard MD

    PHYSICIAN

    Total calculated
    $312,534
    From this org
    $0
    From related orgs
    $297,441
    Other
    $15,093
    Hours/week
    0 + 25 related

    Schedule J breakdown matched by us

    Base
    $0 + $282,075 related
    Bonus
    $0 + $15,366 related
    Other
    $0
    Deferred
    $0 + $11,479 related
    Nontaxable benefits
    $0 + $3,614 related
    Filer's total
    $0 + $312,534 related

  • Michael Bond MD

    PHYSICIAN

    Total calculated
    $309,781
    From this org
    $0
    From related orgs
    $295,073
    Other
    $14,708
    Hours/week
    0 + 25 related

    Schedule J breakdown matched by us

    Base
    $0 + $274,149 related
    Bonus
    $0 + $20,924 related
    Other
    $0
    Deferred
    $0 + $11,295 related
    Nontaxable benefits
    $0 + $3,413 related
    Filer's total
    $0 + $309,781 related

  • Girish Sethuraman MD

    PHYSICIAN

    Total calculated
    $292,662
    From this org
    $0
    From related orgs
    $280,843
    Other
    $11,819
    Hours/week
    0 + 25 related

    Schedule J breakdown matched by us

    Base
    $0 + $272,976 related
    Bonus
    $0 + $7,867 related
    Other
    $0
    Deferred
    $0 + $8,759 related
    Nontaxable benefits
    $0 + $3,060 related
    Filer's total
    $0 + $292,662 related

  • Brent King MD

    PHYSICIAN

    Total calculated
    $289,941
    From this org
    $0
    From related orgs
    $270,410
    Other
    $19,531
    Hours/week
    0 + 25 related

    Schedule J breakdown matched by us

    Base
    $0 + $261,252 related
    Bonus
    $0 + $9,158 related
    Other
    $0
    Deferred
    $0 + $15,380 related
    Nontaxable benefits
    $0 + $4,151 related
    Filer's total
    $0 + $289,941 related

  • E Albert Reece MD

    PRESIDENT (THRU 08/22)

    Total calculated
    $179,400
    From this org
    $0
    From related orgs
    $153,261
    Other
    $26,139
    Hours/week
    0.1 + 8 related

    Schedule J breakdown matched by us

    Base
    $0 + $153,261 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $22,029 related
    Nontaxable benefits
    $0 + $4,110 related
    Filer's total
    $0 + $179,400 related

  • Anthony F Lehman MD

    VICE PRESIDENT (THRU 07/22)

    Total calculated
    $2,035
    From this org
    $0
    From related orgs
    $0
    Other
    $2,035
    Hours/week
    0.1 + 1 related

  • Mark Gladwin MD

    PRESIDENT (FROM 08/22)

    Total calculated
    $37
    From this org
    $0
    From related orgs
    $37
    Other
    $0
    Hours/week
    0 + 0.1 related

  • Rachel Hoover

    TREASURER (FROM 04/23)

    Total calculated
    $0
    Hours/week
    1 + 40 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

  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments

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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

SCHEDULE J, PART I, LINE 6:
A COMPENSATION COMMITTEE AND INDEPENDENT COMPENSATION CONSULTANT DETERMINE REASONABLE AMOUNTS OF COMPENSATION.
SCHEDULE J, PART I, LINE 7:
BONUSES ARE PAID TO FACULTY WHO MEET BONUS GUIDELINES FOR THEIR PA. THE BONUS COMPONENT FOR CLINICAL ACTIVITIES IS MANAGED THROUGH A SCHOOL-WIDE PERFORMANCE BASED INCENTIVE COMPENSATION PLAN. BONUS PAYMENTS ARE APPROVED BY THE PRESIDENT OF THE UNIVERSITY OF MARYLAND BALTIMORE BEFORE DISTRIBUTION.

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
2022
Filed
15 May 2024
IRS schema version
2022v5.0
Source object
202411369349316936

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

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