University of Maryland Baltimore Foundation Inc

EIN: 311678679 501(c)(3) Education

Baltimore, MD

Total Revenue
$52,023,120
Total Expenses
$37,904,135
Total Assets
$498,682,827
Net Assets
$495,525,872
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1999
Legal Domicile
MD
Principal Officer
PAM HECKLER
Phone
4107065631
Tax Period
2023-07-01 to 2024-06-30

University of Maryland Baltimore Foundation Inc, founded in 1999, is a mid-sized nonprofit in the Education sector that reported $52.0M in total revenue in fiscal year 2023. The organization ran a surplus of $14.1M, a strong 27% operating margin.

Mission

THE ORGANIZATION'S MISSION IS TO SOLICIT AND RECEIVE CONTRIBUTIONS AND GRANTS FROM THE GENERAL PUBLIC AND TO HOLD, INVEST, AND ADMINISTER THESE FUNDS AND PAY EXPENDITURES FOR THE BENEFIT OF THE UNIVERSITY OF MARYLAND IN BALTIMORE AND TO SERVE IN AN ADVISORY ROLE TO ITS PRESIDENT.

Program Service Accomplishments

Program 1
Expenses: $14,444,522 Revenue: $58,710

CHARTERED IN 1807 AS THE FIRST PUBLIC MEDICAL SCHOOL IN THE UNITED STATES, THE UNIVERSITY OF MARYLAND SCHOOL OF MEDICINE (UMSOM) IS INTO ITS THIRD CENTURY. IT CONTINUES TODAY AS ONE OF THE FASTEST...

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CHARTERED IN 1807 AS THE FIRST PUBLIC MEDICAL SCHOOL IN THE UNITED STATES, THE UNIVERSITY OF MARYLAND SCHOOL OF MEDICINE (UMSOM) IS INTO ITS THIRD CENTURY. IT CONTINUES TODAY AS ONE OF THE FASTEST GROWING, TOP-TIER BIOMEDICAL RESEARCH ENTERPRISES IN THE WORLD - WITH 25 DEPARTMENTS, 5 INSTITUTES AND 10 RESEARCH CENTERS AND A WORKFORCE OF MORE THAN 7,500. MORE THAN 1,200 MEDICAL STUDENTS, GRADUATE STUDENTS, AND RESEARCH TRAINEES ARE EDUCATED AT UMSOM EVERY YEAR. IN PARTNERSHIP WITH THE UNIVERSITY OF MARYLAND MEDICAL CENTER, WE PROVIDE RESIDENCY AND FELLOWSHIP TRAINING IN MORE THAN 30 SPECIALTIES. ACCEPTANCE TO THE UMSOM MD PROGRAM IS HIGHLY COMPETITIVE, WITH NEARLY 6,000 APPLICANTS FOR 160 POSITIONS IN EACH CLASS. THE RESEARCH VISION OF THE SCHOOL OF MEDICINE IS TO BUILD ON GENERATIONS OF DISCOVERIES TO ADVANCE NEW THERAPIES AND CURES WITH THE HIGHEST LEVEL OF IMPACT ON HUMAN HEALTH IN THE REGION, THE NATION, AND AROUND THE WORLD. WITH AN OPERATING BUDGET OF $1.3 BILLION, THE SCHOOL OF MEDICINE DIRECTS MORE THAN $500 MILLION ANNUALLY TO DEVELOPING SOLUTIONS TO THE MOST CHALLENGING AND COMPLEX DISEASES. WE ARE RANKED 9TH AMONG ALL PUBLIC MEDICAL SCHOOLS FOR TOTAL RESEARCH GRANTS & CONTRACTS REPORTED BY THE ASSOCIATION OF AMERICAN MEDICAL COLLEGES (AAMC). ACCORDING TO US NEW AND WORLD REPORT, UMSOM RANKS AS THE 11TH HIGHEST AMONG PUBLIC MEDICAL SCHOOLS IN RESEARCH AND 22ND HIGHEST AMONG ALL MEDICAL SCHOOLS FOR PRIMARY CARE. UMSOM IS AN ANCHOR INSTITUTION OF THE WEST BALTIMORE COMMUNITY, AND THE SCHOOL IS COMMITTED TO IMPROVING THE HEALTH, QUALITY OF LIFE, AND PROSPERITY OF ITS NEIGHBORS. WE OFFER COMMUNITY OUTREACH PROGRAMS SUCH AS MINI-MED SCHOOL, A SERIES OF TUITION-FREE CLASSES DESIGNED TO HELP BALTIMORE RESIDENTS IMPROVE THEIR HEALTH AND WELL-BEING.

Program 2
Expenses: $5,728,921 Revenue: $5,950

THE UMB FOUNDATION SUPPORTS ACADEMIC PROGRAMS AND CLINICAL AND RESEARCH ACTIVITIES IN THE UNIVERSITY OF MARYLAND FRANCIS KING CAREY SCHOOL OF LAW (MARYLAND CAREY LAW). ESTABLISHED IN 1816, MARYLAND...

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THE UMB FOUNDATION SUPPORTS ACADEMIC PROGRAMS AND CLINICAL AND RESEARCH ACTIVITIES IN THE UNIVERSITY OF MARYLAND FRANCIS KING CAREY SCHOOL OF LAW (MARYLAND CAREY LAW). ESTABLISHED IN 1816, MARYLAND CAREY LAW BEGAN REGULAR INSTRUCTION IN 1824. IT IS THE THIRD OLDEST LAW SCHOOL IN THE NATION. THE INNOVATIVE ACADEMIC AND SPECIALTY PROGRAMS HAVE GARNERED NATIONAL AND INTERNATIONAL RECOGNITION. THE MARYLAND CAREY LAW'S EXPERIENTIAL PROGRAMS ARE AMONG THE MOST EXTENSIVE IN THE COUNTRY, INCLUDING THE NATIONALLY RANKED CLINICAL LAW PROGRAM, WHICH OFFERS MORE THAN 75,000 HOURS OF FREE LEGAL SERVICES TO THE STATE OF MARYLAND AND HAS BEEN IN EXISTENCE FOR MORE THAN 40 YEARS. INTERDISCIPLINARY SPECIALTY PROGRAMS ARE OFFERED IN ENVIRONMENTAL LAW AND LAW AND HEALTH CARE. OTHER PROGRAMS INCLUDE ADVOCACY, ALTERNATIVE DISPUTE RESOLUTION, BUSINESS LAW, INTELLECTUAL PROPERTY LAW AND INTERNATIONAL AND COMPARATIVE LAW. THE MARYLAND CAREY LAW SEEKS TO PROMOTE A MORE JUST SOCIETY BY EDUCATING OUTSTANDING LAWYERS AND LEADERS, ADVANCE THE UNDERSTANDING OF LAW AND LEGAL INSTITUTIONS AND ENHANCE ACCESS TO JUSTICE. EXCELLENCE IN TEACHING PREPARES STUDENTS FOR LEADERSHIP AND PROFESSIONAL SUCCESS IN A WIDE RANGE OF CAREERS AND PROMOTES IN BOTH STUDENTS AND FACULTY THE HIGHEST STANDARD OF PUBLIC AND PROFESSIONAL SERVICE.

Program 3
Expenses: $3,623,634 Revenue: $0

U.S. NEWS & WORLD REPORT HAS RANKED UMSON'S BACHELOR OF SCIENCE IN NURSING, MASTER OF SCIENCE IN NURSING (MSN) AND DOCTOR OF NURSING PRACTICE (DNP) PROGRAMS AMONG THE TOP 10 IN THE NATION. AMONG...

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U.S. NEWS & WORLD REPORT HAS RANKED UMSON'S BACHELOR OF SCIENCE IN NURSING, MASTER OF SCIENCE IN NURSING (MSN) AND DOCTOR OF NURSING PRACTICE (DNP) PROGRAMS AMONG THE TOP 10 IN THE NATION. AMONG PUBLIC SCHOOLS OF NURSING, THE SCHOOL'S DNP ADULT-GERONTOLOGY PRIMARY CARE NURSE PRACTITIONER SPECIALTY IS RANKED NO. 1, AND ITS DNP FAMILY NURSE PRACTITIONER SPECIALTY IS RANKED NO. 3. THE MSN HEALTH SERVICES LEADERSHIP AND MANAGEMENT SPECIALTY IS RANKED NO. 1 FOR ITS IN PERSON AND ONLINE PROGRAMS.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $31,051,099
Program Service Revenue $74,629
Investment Income $20,917,966
Other Revenue $-20,574
TOTAL REVENUE $52,023,120

Expense Breakdown

Grants Paid $24,646,038
Salaries & Benefits $439,736
Fundraising Expenses $2,079,933
Program Expenses $30,414,338
Other Expenses $12,818,361
TOTAL EXPENSES $37,904,135

Year-over-Year Comparison

2023 2022 Change
Revenue $52,023,120 $53,946,958 0.0%
Expenses $37,904,135 $37,318,380 +0.0%
Net Income $14,118,985 $16,628,578 -0.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
31
Independent Members
31
Employees
N/A
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$1,577,313
Total Directors
31
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAMES L HUGHES PRESIDENT/CEO 20.0
Officer
$552,332 $139,231 $691,563
PAM HECKLER TREASURER & COO 40.0
Officer
$286,230 $86,472 $372,702
GREGORY BOWDEN SENIOR VP (Eff. 12/23) 40.0
Officer
$340,000 $1,231 $341,231
SHERI MYERS ASST. TREASURER (Eff. 11/23) 40.0
Officer
$165,000 $6,817 $171,817
HARRY C KNIPP CHAIR 1.0
Director
$0 $0 $0
ELLEN H YANKELLOW VICE CHAIR 1.0
Director
$0 $0 $0
JOHN C WEISS SECRETARY 1.0
Director
$0 $0 $0
ANTHONY P ASHTON ESQ TRUSTEE 0.5
Director
$0 $0 $0
PETE BUZY TRUSTEE 0.5
Director
$0 $0 $0
SCOTT CANUEL TRUSTEE 0.5
Director
$0 $0 $0
MARY E CASKEY TRUSTEE 0.5
Director
$0 $0 $0
HAROLD E CHAPPELEAR TRUSTEE 0.5
Director
$0 $0 $0
CHARLES CHEN TRUSTEE 0.5
Director
$0 $0 $0
STEVE DUBIN TRUSTEE 0.5
Director
$0 $0 $0
MARECO EDWARDS TRUSTEE 0.5
Director
$0 $0 $0
TISHA S EDWARDS TRUSTEE 0.5
Director
$0 $0 $0
JENNIFER O ESTABROOK TRUSTEE 0.5
Director
$0 $0 $0
BARRY L GARBER TRUSTEE 0.5
Director
$0 $0 $0
BRIAN J GIBBONS TRUSTEE 0.5
Director
$0 $0 $0
EMERSON 'RANDY' HALL TRUSTEE 0.5
Director
$0 $0 $0
JOSEPH R HARDIMAN TRUSTEE 0.5
Director
$0 $0 $0
ALVIN D KATZ TRUSTEE 0.5
Director
$0 $0 $0
SAM LENNON JR TRUSTEE 0.5
Director
$0 $0 $0
RAY LEWIS TRUSTEE 0.5
Director
$0 $0 $0
SAMANTHA MELLERSON TRUSTEE 0.5
Director
$0 $0 $0
MICHAEL E MULDOWNEY TRUSTEE 0.5
Director
$0 $0 $0
DAMIEN MYERS TRUSTEE 0.5
Director
$0 $0 $0
TODD L PARCHMAN TRUSTEE 0.5
Director
$0 $0 $0
NIKOS PAVLIDIS TRUSTEE 0.5
Director
$0 $0 $0
MALINDA PEEPLES TRUSTEE 0.5
Director
$0 $0 $0
MAURICE N REID TRUSTEE 0.5
Director
$0 $0 $0
NNEKA RIMMER TRUSTEE 0.5
Director
$0 $0 $0
FREDERICK G SMITH TRUSTEE 0.5
Director
$0 $0 $0
RICHARD L TAYLOR TRUSTEE 0.5
Director
$0 $0 $0
MEI XU TRUSTEE 0.5
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 $52,023,120 $37,904,135 $498,682,827 $14,118,985
2023 $53,946,958 $37,318,380 $470,520,325 $16,628,578
2022 $64,089,840 $33,980,712 $444,522,086 $30,109,128
2021 $59,974,746 $24,526,694 $437,980,331 $35,448,052
2020 $45,303,605 $27,575,733 $351,577,637 $17,727,872
2019 $43,960,983 $27,979,891 $346,326,317 $15,981,092
2018 $53,387,994 $26,008,962 $328,466,910 $27,379,032
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