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Nonprofiteer
← UNIVERSITY OF MARYLAND MEDICAL SYSTEM FOUNDATION INC

Form 990 for tax year 2022

Filed by UNIVERSITY OF MARYLAND MEDICAL SYSTEM FOUNDATION INC.

Totals

Total revenue
$16,687,782
Total expenses
$14,172,140
Contributions and grants received
$12,591,297
Grants paid
$7,387,122
Program service revenue
$0
Investment income
$4,838,153
Other revenue
-$741,668
Total assets, end of year
$102,979,927
Total liabilities, end of year
$12,141,932
Net assets or fund balances, end of year
$90,837,995
Program services expenses (Part IX)
$7,952,320
Management and general expenses
$5,096,867
Fundraising expenses
$1,122,953
Program service expenses (Part III)
$7,952,320

Program services were 56.1% 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.

  • 1c · Fundraising events

    $1,943,298

  • 1d · Related organizations

    $4,317,356

  • 1e · Government grants (contributions)

    $608,565

  • 1f · All other contributions, gifts and grants

    $5,722,078

  • 1g · Noncash contributions included above

    $163,281

  • 2f · All other program service revenue

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

  • 3 · Investment income

    total $4,554,091 · related or exempt $0 · unrelated business $0 · excluded $4,554,091

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $284,062

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

    securities $0

  • 7c · Gain or loss

    securities $284,062 · other assets $0

  • 7d · Net gain or loss

    total $284,062 · related or exempt $0 · unrelated business $0 · excluded $284,062

  • 8a · Fundraising events: gross income

    $231,085

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

    $1,943,298

  • 8b · Fundraising events: direct expenses

    $972,753

  • 8c · Net income from fundraising events

    total -$741,668 · unrelated business $0 · excluded -$741,668

  • 11d · All other revenue

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

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $7,387,122 · program services $7,387,122

  • 4 · Benefits paid to or for members

    total $0 · program services $0

  • 7 · Other salaries and wages

    total $1,430,474 · program services $89,799 · management and general $1,340,675 · fundraising $0

  • 9 · Other employee benefits

    total $12,115 · program services $0 · management and general $12,115 · fundraising $0

  • 11f · Fees: investment management

    total $63,773 · program services $0 · management and general $63,773 · fundraising $0

  • 11g · Fees: other

    total $3,849,387 · program services $6,798 · management and general $3,495,954 · fundraising $346,635

  • 12 · Advertising and promotion

    total $648,630 · program services $86 · management and general $88,235 · fundraising $560,309

  • 13 · Office expenses

    total $84,656 · program services $2,172 · management and general $65,724 · fundraising $16,760

  • 16 · Occupancy

    total $464 · program services $90 · management and general $374 · fundraising $0

  • 17 · Travel

    total $1,268 · program services $129 · management and general $1,139 · fundraising $0

  • 19 · Conferences, conventions and meetings

    total $118 · program services $0 · management and general $118 · fundraising $0

  • 24a · Other expenses: Recruitment

    total $108,136 · program services $108,136 · management and general $0 · fundraising $0

  • 24b · Other expenses: Bad Debt expense

    total $77,696 · program services $77,696 · management and general $0 · fundraising $0

  • 24c · Other expenses: Repair & Maintenance

    total $28,760 · program services $0 · management and general $28,760 · fundraising $0

  • 24d · Other expenses: medical supplies

    total $106 · program services $106 · management and general $0 · fundraising $0

  • 24e · All other expenses

    total $479,435 · program services $280,186 · management and general $0 · fundraising $199,249

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,743,576 · end of year $8,684,547

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $3,807,240

  • 3 · Pledges and grants receivable

    beginning of year $16,104,617 · end of year $14,374,628

  • 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 $69,755,987 · end of year $15,367,992

  • 12 · Investments: other securities

    beginning of year $90,600 · end of year $223,244

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $1,442,901 · end of year $60,522,276

  • 17 · Accounts payable and accrued expenses

    beginning of year $572,481 · end of year $915,163

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $1,958,012 · end of year $11,226,769

  • 27 · Net assets without donor restrictions

    beginning of year $23,272,176 · end of year $26,411,702

  • 28 · Net assets with donor restrictions

    beginning of year $64,335,012 · end of year $64,426,293

Mission and programs · 2022

Mission

UMMS FOUNDATION, INC. RAISES CHARITABLE FUNDS TO SAFEGUARD THE FUTURE OF HEALTH CARE EXCELLENCE FOR UNIVERSITY OF MARYLAND MEDICAL SYSTEM.

  • UNIVERSITY OF MARYLAND MEDICAL SYSTEM FOUNDATION, INC. (UMMSF) RAISES CHARITABLE FUNDS TO SAFEGUARD THE FUTURE OF HEALTH CARE EXCELLENCE FOR UNIVERSITY OF MARYLAND MEDICAL SYSTEM (UMMS) THROUGH THE DEVELOPMENT OF CHARITABLE SUPPORT. UMMSF HELPS UMMS REMAIN A LEADING INTEGRATED HEALTH CARE DELIVERY SYSTEM. ESTABLISHED IN MARCH 2000, UMMSF IS BUILDING AN ENDOWMENT FUND TO SAFEGUARD THE FUTURE OF HEALTH CARE EXCELLENCE AT UMMS AND IS ITS CENTRAL STRUCTURE FOR FUNDRAISING, STEWARDSHIP AND ENDOWMENT MANAGEMENT. UMMSF PROVIDES SUPPORT TO UMMS FOR THE CONSTRUCTION AND MAINTENACE OF UMMS FACILITIES AND OTHER CAPITAL NEEDS OF ITS HOSPITALS, TO FILL THE GAP WHEN PATIENTS CAN NOT PAY FOR DRUGS OR COVER THE ENTIRE COST OF CARE, AND TO SUPPORT THE DEVELOPMENT OF CLINICAL PROGRAMS THAT ARE ESSENTIAL TO THE COMMUNITY. WE PROVIDE COMMUNITY SUPPORT AND EDUCATION AND ASSIST THE UMMS HOSPITALS TO PROVIDE CUTTING EDGE CARE THAT WOULD OTHERWISE NOT BE AFFORDABLE.

    Expenses $7,952,320 · Grants $7,387,122

As filed on the 2022 return.

Listed in Part VII

  • Barry P Gossett

    Chairman

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • William Kirwan

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Alison G Brown

    PRESIDENT, UMMC MIDTOWN CAMPUS

    Total calculated
    $786,344
    From this org
    $0
    From related orgs
    $752,118
    Other
    $34,226
    Hours/week
    1 + 42 related

    Schedule J breakdown matched by us

    Base
    $0 + $504,551 related
    Bonus
    $0 + $128,678 related
    Other
    $0 + $118,889 related
    Deferred
    $0 + $12,200 related
    Nontaxable benefits
    $0 + $22,026 related
    Filer's total
    $0 + $786,344 related

  • Barry Stoler

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Bert W O'Malley MD

    Director, Pres/CEO UMMC

    Total calculated
    $1,981,098
    From this org
    $0
    From related orgs
    $1,741,138
    Other
    $239,960
    Hours/week
    1 + 42 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,351,873 related
    Bonus
    $0 + $356,813 related
    Other
    $0 + $32,452 related
    Deferred
    $0 + $217,605 related
    Nontaxable benefits
    $0 + $22,355 related
    Filer's total
    $0 + $1,981,098 related

  • Bruce Pool

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Bryan T Pugh

    Director

    Total calculated
    $0
    Hours/week
    1

  • Cynthia A Kelleher

    PRESIDENT AND CEO, JLKH

    Total calculated
    $563,841
    From this org
    $0
    From related orgs
    $528,319
    Other
    $35,522
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $346,932 related
    Bonus
    $0 + $96,778 related
    Other
    $0 + $84,609 related
    Deferred
    $0 + $12,200 related
    Nontaxable benefits
    $0 + $23,322 related
    Filer's total
    $0 + $563,841 related

  • Mary McLaughlin

    Director

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Richard Armiger

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Rodney Oddoye

    Director (Ended 03/2023)

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • George A Sprinkel

    TREASURER

    Total calculated
    $804,154
    From this org
    $0
    From related orgs
    $708,573
    Other
    $95,581
    Hours/week
    1 + 42 related

    Schedule J breakdown matched by us

    Base
    $0 + $530,607 related
    Bonus
    $0 + $151,430 related
    Other
    $0 + $26,536 related
    Deferred
    $0 + $67,058 related
    Nontaxable benefits
    $0 + $28,523 related
    Filer's total
    $0 + $804,154 related

  • Melissa R Lambdin

    Secretary

    Total calculated
    $270,313
    From this org
    $0
    From related orgs
    $230,579
    Other
    $39,734
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $192,908 related
    Bonus
    $0 + $35,802 related
    Other
    $0 + $1,869 related
    Deferred
    $0 + $18,127 related
    Nontaxable benefits
    $0 + $21,607 related
    Filer's total
    $0 + $270,313 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

  • 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 ANY PAID EMPLOYEES; ALL COMPENSATION TO OFFICERS, DIRECTORS, AND KEY EMPLOYEES REPORTED ON PART VII OF THE FORM 990 WAS PAID BY A RELATED ORGANIZATION, UMMS, OR ANOTHER RELATED ENTITY IN THE UMMS SYSTEM. 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, 2023, CERTAIN OFFICERS AND KEY EMPLOYEES PARTICIPATED IN THE UMMS SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN. THE INDIVIDUALS LISTED BELOW HAVE NOT VESTED IN THE PLAN THEREFORE THE ACCRUED CONTRIBUTION TO THE PLAN FOR THE FISCAL YEAR IS REPORTED ON SCHEDULE J, PART II, COLUMN C, RETIREMENT AND OTHER DEFERRED COMPENSATION: BERT W OMALLEY, MD GEORGE SPRINKEL MELISSA LAMBDIN DURING THE FISCAL YEAR-ENDED JUNE 30, 2023, 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: CYNTHIA KELLEHER, $59,203 ALISON G BROWN, $88,214

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.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • ARUNDEL PHYSICIANS ASSOCIATES

    N/A · HEALTHCARE · MD

    Directly controlled by APA INC

  • BALTIMORE WASHINGTON IMAGING

    N/A · HEALTHCARE · MD

    Directly controlled by UMBWMS

  • UNIVERSITYCARE LLC

    N/A · HEALTHCARE · MD

    Directly controlled by UMMSC

  • O'DEA MEDICAL ARTS LIMITED PAR

    N/A · RENTAL · MD

    Directly controlled by SJMC PROP

  • ADVANCED IMAGING AT ST JOSEPH

    N/A · HEALTHCARE · MD

    Directly controlled by UMSJMC

  • UNIVERSITY OF MARYLAND CHARLES

    N/A · HEALTHCARE · MD

    Directly controlled by UMCRCP

  • BALTIMORE ASC VENTURES LLC

    N/A · HEALTHCARE · DE

    Directly controlled by UMSJMC

  • UCHSUMMS Real Estate Trust

    N/A · Holding Co · MD

    Directly controlled by UMMSC

  • UM Chesapeake Surgery Center LLC

    N/A · Healthcare · MD

    Directly controlled by UCHV

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • ARUNDEL PHYSICIANS ASSOCIATES INC

    C Corporation · HEALTHCARE · MD

    Directly controlled by NA

  • BALTIMORE WASHINGTON HEALTH ENTERPRISES

    C Corporation · HEALTHCARE · MD

    Directly controlled by NA

  • BW PROFESSIONAL SERVICES INC

    C Corporation · HEALTHCARE · MD

    Directly controlled by NA

  • NA EXECUTIVE BUILDING CONDO ASSN INC

    C Corporation · REAL ESTATE · MD

    Directly controlled by NA

  • UM CHARLES REGIONAL CARE PARTNERS

    C Corporation · HEALTHCARE · MD

    Directly controlled by NA

  • UNIVERSITY MIDTOWN PROF CENTER

    C Corporation · REAL ESTATE · MD

    Directly controlled by NA

  • UNIVERSITY OF MARYLAND HEALTH ADVANTAGE

    C Corporation · INSURANCE · MD

    Directly controlled by NA

  • UNIVERSITY OF MARYLAND HEALTH PARTNERS

    C Corporation · INSURANCE · MD

    Directly controlled by NA

  • UNIVERSITY OF MARYLAND MEDICAL SYSTEM HE

    C Corporation · INSURANCE · MD

    Directly controlled by NA

  • UPPER CHESAPEAKE HEALTH VENTURES INC

    C Corporation · HEALTHCARE · MD

    Directly controlled by NA

  • UPPER CHESAPEAKE MEDICAL CENTER LAND CON

    C Corporation · REAL ESTATE · MD

    Directly controlled by NA

  • UPPER CHESAPEAKE MEDICAL OFFICE BUILDING

    C Corporation · REAL ESTATE · MD

    Directly controlled by NA

  • SHORE ORTHOPEDICS INC

    C Corporation · HEALTHCARE · MD

    Directly controlled by NA

  • MADISON MANOR INC

    C Corporation · HEALTHCARE · MD

    Directly controlled by NA

  • AFFILIATED ENTERPRISES INC

    C Corporation · HEALTHCARE · MD

    Directly controlled by NA

  • DIMENSIONS ASSURANCE LTD

    C Corporation · INSURANCE · CJ

    Directly controlled by NA

  • RIVERSIDE HEALTH OF DELAWARE INC

    C Corporation · HEALTHCARE · DE

    Directly controlled by NA

  • RIVERSIDE HEALTH OF DC INC

    C Corporation · HEALTHCARE · DC

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2022
Filed
15 May 2024
IRS schema version
2022v5.0
Source object
202441369349303204

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