Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1b · Membership dues

  $49,009

• 1f · All other contributions, gifts and grants

  $118,404,247

• 1g · Noncash contributions included above

  $17,453,569

• 2a · Program service revenue: SALES AND SUITE PREMIUMS

  total $390,549 · related or exempt $390,549

• 2b · Program service revenue: EDUCATIONAL PROGRAMS

  total $35,391 · related or exempt $35,391

• 2c · Program service revenue: JOURNALISM NEWS SERVICE

  total $3,100 · related or exempt $3,100

• 2d · Program service revenue: COURSES AND CONFERENCES

  total $725 · related or exempt $725

• 3 · Investment income

  total $16,800,753 · excluded $16,800,753

• 6a · Gross rents

  real property $163,844

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $163,844

• 6d · Net rental income or loss

  total $163,844 · excluded $163,844

• 7a · Gross sales of assets other than inventory

  securities $29,884,457

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

  securities $0

• 7c · Gain or loss

  securities $29,884,457

• 7d · Net gain or loss

  total $29,884,457 · excluded $29,884,457

• 11a · Other revenue: NON-GIFT REVENUE

  total $240,359 · excluded $240,359

• 11e · Other revenue, total

  $240,359

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $50,015,773 · program services $50,015,773

• 11b · Fees: legal

  total $64,654 · program services $2,363 · management and general $62,291

• 11c · Fees: accounting

  total $117,002 · management and general $117,002

• 11e · Fees: professional fundraising services

  total $326,369 · fundraising $326,369

• 11g · Fees: other

  total $4,742,119 · program services $3,845,964 · management and general $896,155

• 12 · Advertising and promotion

  total $2,905,061 · program services $2,720,231 · management and general $184,830

• 13 · Office expenses

  total $1,290,421 · program services $1,264,519 · management and general $25,902

• 14 · Information technology

  total $480,926 · program services $407,485 · management and general $73,441

• 16 · Occupancy

  total $138,788 · program services $100,389 · management and general $38,399

• 17 · Travel

  total $423,581 · program services $395,329 · management and general $28,252

• 19 · Conferences, conventions and meetings

  total $199,101 · program services $67,771 · management and general $131,330

• 22 · Depreciation, depletion and amortization

  total $25,361 · management and general $25,361

• 23 · Insurance

  total $106,354 · program services $35,693 · management and general $70,661

• 24a · Other expenses: REIMBURSEMENT TO UMCP

  total $1,863,150 · management and general $1,863,150

• 24b · Other expenses: REPAIR/RENOVATION BLDG

  total $848,973 · program services $838,689 · management and general $10,284

• 24c · Other expenses: BANK AND CREDIT CARD FE

  total $358,502 · management and general $358,502

• 24d · Other expenses: EDUCATIONAL PROGRAMS

  total $348,768 · program services $348,768

• 24e · All other expenses

  total $925,087 · program services $913,701 · management and general $11,386

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year -$1 · end of year $4

• 2 · Savings and temporary cash investments

  beginning of year $51,659,384 · end of year $58,225,057

• 3 · Pledges and grants receivable

  beginning of year $135,374,863 · end of year $112,295,763

• 7 · Other notes and loans receivable

  beginning of year $6,456,665 · end of year $6,363,791

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

  $43,160,357

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

  $30,348,744

• 10c · Land, buildings and equipment, net

  beginning of year $1,300,868 · end of year $12,811,613

• 11 · Investments: publicly traded securities

  beginning of year $100,759,398 · end of year $137,130,108

• 12 · Investments: other securities

  beginning of year $684,424,512 · end of year $796,338,476

• 15 · Other assets

  beginning of year $49,893,880 · end of year $55,963,602

• 17 · Accounts payable and accrued expenses

  beginning of year $3,174,427 · end of year $23,604,476

• 19 · Deferred revenue

  beginning of year $648,993 · end of year $523,188

• 25 · Other liabilities

  beginning of year $1,898,977 · end of year $2,108,778

• 27 · Net assets without donor restrictions

  beginning of year $38,314,025 · end of year $44,722,112

• 28 · Net assets with donor restrictions

  beginning of year $985,833,147 · end of year $1,108,169,860

The filer's explanations (Part III)

PART I, LINE 1A

THE PRESIDENT OF THE FOUNDATION IS PROVIDED A BUDGETED AMOUNT ANNUALLY TO USE FOR DISCRETIONARY EXPENSES RELATED TO FUNDRAISING AND GENERAL ADMINISTRATIION NOT COVERED BY BUDGETED FUNDS

PART I LINE 1

THE FOUNDATION'S OFFICERS ARE EMPLOYEES OF THE UNIVERSITY OF MARYLAND COLLEGE PARK AND THE FOUNDATION REIMBURSES THE UNIVERSITY FOR THEIR SALARY AND BENEFITS.

PART I LINE 3

THE FOUNDATION PRESIDENT AND THE TOP OFFICER SALARIES ARE DETERMINED BY THE UNIVERSITY'S HUMAN RESOURCES AS THE OFFICERS ARE UNIVERSITY EMPLOYEES AND THEREFORE FOLLOW PERSONNEL RULES OF THE STATE OF MARYLAND INCLUDING HIRING AND SALARY ESTABLISHMENT AND REVIEW.

PART II LINE 1

CYNTHIA ALLEN WAS REPLACED AS VP/CFO/TREASURER OF THE FOUNDATION BY JEREMY KUGEL ON 9/30/24

PART II LINE 4

AMY EICHHORST WAS REPLACED AS SECRETARY OF THE FOUNDATION BY LAUREN NORRIS ON 2/12/2024

Disregarded entities

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

• TERRAPIN DEVELOPMENT CORPORATION LLC

  REAL ESTATE · MD

  Directly controlled by UNIVERSITY OF MARYLAND