2017-02-13T23:29:23-07:00 2016-06-30 990 2015-07-01 311678679 University of Maryland Baltimore Foundation Inc UNIV 4107065631 620 W Lexington St 2nd Fl Baltimore MD 212011508 Pam Heckler Treasurer & Director of Ops 4107065631 2017-02-13 2015 2021-01-29 14:40:06Z UMBF Inc UMB Foundation Pam Heckler 620 West Lexington Street 2nd floor Baltimore MD 21201 70991881 0 X www.umaryland.edu/UMBF X 1999 MD 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, Baltimore and to serve in an advisory role to the President. 31 29 0 110 0 0 46388761 23045921 770034 674209 6733335 4713931 194798 99303 54086928 28533364 18154900 17006662 0 0 0 0 0 0 47838 8896788 9347065 27051688 26353727 27035240 2179637 273532237 268310154 2992054 2741122 270540183 265569032 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. 0 0 16257244 12304315 580640 Medicine: The UMB Foundation supports academic programs, clinical activities and research in the University of Maryland School of Medicine (UMSOM). Established in 1807, UMSOM is the first public and fifth oldest medical school in the U.S. and the first to institute a residency training program. In 2016, the UMSOM graduated a total of 345 students with medical, allied health or graduate degrees. Of the graduating students, 159 received their medical degrees and joined the ranks of more than 8,000 living alumni. A significant number, 42-percent, have chosen to continue their training in primary care fields. This past year, the UMSOM admitted another class of students with exceptional academic credentials, which included 161 new medical students and another 42 students in medical graduate programs. A leader in biomedical research, the UMSOM secured more than $399.3 million in grants and contract support in FY 2016. According to the latest data from the Association of American Medical Colleges, the UMSOM ranks 8th among all 86 public medical schools and 25th among all 144 public and private medical schools in terms of grant and contract expenditures. More than half of the practicing physicians in Maryland receive their training at the UMSOM or its clinical partner, the University of Maryland Medical Center. The UMSOM is committed to the education and training of MD, PhD, graduate, physical therapy and rehabilitation science and medical research technology students. 3019438 2254161 6740 Law: 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 100,000 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 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. 1575659 1188407 1050 Social Work: The UMB Foundation supports academic programs, research and community work at the University of Maryland School of Social Work (SSW). SSW's mission is to develop leaders and scholars to advance the well-being of populations and communities at risk. SSW is a highly-ranked institution that produces outstanding social workers whose practice advances the well-being of all the people they serve. U.S. News & World Report ranks the school 16th (top 8%) in their list of social work graduate schools in America. The School serves society through the development of knowledge in education, research, scholarship, service innovation, and advocacy. SSW was created in 1961 and has grown to become one of the largest and most respected schools of social work in America. Part of a public university in a diversified state and region, the school promotes research on social work services and social and economic justice in all of its activities. SSW students provide 500,000 hours of social work services a year within the State of Maryland and surrounding communities. The student body concentration breakout is generally 80% clinical and 20% macro (management & community organization), the largest macro concentration program in the country. In addition to the school's academic side, SSW has multiple community service programs such as SWCOS (Social Work Community Outreach Services), which allows students to provide their field service to small non-profits throughout the region and then connect this work back to research. The SSW also has more than $35M in annual research and training grants. 1026615 815119 8735 Nursing: The University of Maryland School of Nursing (UMSON) was founded in 1889 and is one of the oldest and largest nursing schools in the nation. The mission of the school is to shape the profession of nursing by developing nurse leaders in education, research, and practice through excellent baccalaureate, graduate, and continuing education programs; cutting edge science and research; and an innovative clinical enterprise. With an average annual enrollment of more than 1,700 students, UMSON is the largest nursing school in Maryland and produces 41% of the state's professional nurse workforce. Nearly 72% of the 146 faculty members hold doctoral degrees and are nationally recognized experts in teaching, research, and clinical practice; more than 30% are Fellows of the American Academy of Nursing. UMSON has an excellent record of recruiting and retaining a diverse student population: currently 12% of students are male and 40% reflect minority/underrepresented populations, exceeding national averages. More than 22,000 living alumni currently carry on the UMSON tradition of excellence in 50 states and 29 countries. UMSON has students on two campuses - in Baltimore on the Founding Campus of the University of Maryland and in Rockville at the Universities at Shady Grove. US News & World Report has ranked UMSON as #8 among all accredited graduate nursing programs out of more than 750 schools of nursing nationwide. UMSON's Doctor of Nursing Practice (DNP) program is ranked as #5 in the US News & World Report's inaugural DNP rankings. 939690 408305 37219 Pharmacy: Established in 1841, the University of Maryland School of Pharmacy is ranked as one of the top ten schools of pharmacy in the United States. The School is a thriving center for professional and graduate education, pharmaceutical care, research, and community service. Its faculty create the future of pharmacy by pioneering new roles for pharmacists in advanced clinical practice and conducting cutting-edge research in drug discovery and development, comparative effectiveness and patient-centered outcomes, and disease management. A contemporary curriculum, innovative educational experiences, and strategic professional relationships help to inspire excellence in the School's more than 800 students, residents, and postdoctoral fellows. Together, we are critical thinkers, lifelong learners, and leaders who are sought for our expertise. 736294 250399 2140 Dentistry: The University of Maryland School of Dentistry (SOD), founded in 1840, is the first dental school in the world establishing the first doctor of dental surgery degree in 1841. As the only dental school in the state of Maryland, the SOD provides essential dental care for more than 30,000 residents, many of whom are underserved. SOD scientists, specializing in cancer, pain and microbiological research, discover treatments that inform patient care. The SOD building, completed in 2006, is one of the most technologically advanced dental educational facilities in the World. Through the innovative technology based curriculum, each class of 134 students is equipped with skills to excel in 21st century dentistry. Upon graduation, SOD students join a network of more than 7,000 alumni who are leaders in the oral healthcare field. 600078 -214042 37685 All Others: The UMB Foundation manages and invests private gifts and/or property for the benefit of the University of Maryland in Baltimore (UMB), facilitates fundraising programs and contributions from private sources, and engages in other activities to further educational, research and service missions of UMB. UMB is Maryland's public academic health and law university devoted to professional and graduate education, research, patient care, and public service. UMB includes the Schools of Medicine, Law, Pharmacy, Dentistry, Nursing, Public Health, and Social Work, the Health Sciences & Human Services Library. Using state-of-the-art technological support, UMB educates leaders in health care delivery, biomedical sciences, social services, and law. By conducting internationally recognized collaborative research to cure disease and to improve the health, social functioning and treatment of the people it serves, the university fosters economic development in the city, state and region. UMB is a major employer in Baltimore, generating $14 in economic activity for every $1 of state general funds invested in FY 2016. UMB was awarded over $497.5 million in research and grant funding. 3302677 1259781 85779 24155018 1 1 0 0 0 0 0 0 0 1 0 1 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 141 0 1 0 0 0 0 0 0 1 1 0 0 0 0 X 31 29 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 AK CA CO KY MA MD MN NH NJ NY OH OK OR SC UT WA X X Pam Heckler 4107065631 620 W Lexington St 2nd Fl Baltimore MD 212011508 William T Wood Chair 1 0 X X 0 0 0 Harold E Chappelear Vice-Chair 1 0 X X 0 0 0 Harry C Knipp Secretary 1 0 X X 0 0 0 Marco A Chacon Trustee 0.5 0 X 0 0 0 Charles W Cole Jr Trustee 0.5 0 X 0 0 0 Tisha Edwards Trustee 0.5 0 X 0 0 0 Nabil R Emad Trustee 0.5 0 X 0 0 0 Patricia Florestano Trustee 0.5 0 X 0 0 0 Carolyn B Frenkil Trustee 0.5 0 X 0 0 0 Barry L Garber Trustee 0.5 0 X 0 0 0 Brian J Gibbons Trustee 0.5 0 X 0 0 0 Mary C Gregory Trustee 0.5 0 X 0 0 0 Joseph R Hardiman Trustee 0.5 0 X 0 0 0 David H Hillman Trustee 0.5 0 X 0 0 0 Sandra S Hillman Trustee 0.5 0 X 0 0 0 Wallace J Hoff Trustee 0.5 0 X 0 0 0 Kempton M Ingersol Trustee 0.5 0 X 0 0 0 Thomas P O'Neill Trustee 0.5 0 X 0 0 0 Janet S Owens Trustee 0.5 0 X 0 0 0 Theo C Rodgers Trustee 0.5 0 X 0 0 0 Donald E Roland Trustee 0.5 0 X 0 0 0 Devy Patterson Russell Trustee 0.5 0 X 0 0 0 Alan J Silverstone Trustee 0.5 0 X 0 0 0 Frederick G Smith Trustee 0.5 0 X 0 0 0 Michael G Stankus Trustee 0.5 0 X 0 0 0 C William Struever Trustee 0.5 0 X 0 0 0 Richard L Taylor Trustee 0.5 0 X 0 0 0 John C Weiss III Trustee 0.5 0 X 0 0 0 Ellen H Yankellow Trustee 0.5 0 X 0 0 0 Pam Heckler Treasurer/Director of Operations 40 0 X X 0 0 0 Michael B Dowdy President/CEO 20 0 X X 0 0 0 0 0 0 0 0 0 1 Culinart Inc 621 W Lombard St Baltimore MD 21201 Program event service 214417 Grant Cooper and Associates Inc One North Brentwood Suite 950 St Louis MO 63105 Executive search 196195 Select Event Group Attn Accounting 8610 Cherry Lane Suite 30 Laurel MD 20707 Program event service 177689 Marts & Lundy Inc 1200 Wall Street 5th Floor Lyndhurst NJ 07071 develop/alumni consulting 165381 Charles M Meng dba Meng Finseth Peeps & Associates 3858 Carson Street Suite 202 Torrance CA 90503 Staff Leadership 135182 7 43364 0 312628 0 0 22689929 6370964 23045921 Conference/Educational Programs 611710 509196 509196 0 0 Contracts and publications 611710 148095 148095 0 0 Faculty, Staff and Alumni functions 900099 16918 16918 0 0 0 0 0 0 674209 2733355 0 0 2733355 0 0 0 0 25 0 0 25 0 0 44366965 0 42386389 0 1980576 0 1980576 0 0 1980576 171406 312628 72128 99278 0 99278 0 28533364 674209 0 4813234 16702309 16702309 304353 304353 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2879485 1399750 1404745 74990 12121 12121 0 94942 0 94942 0 0 0 0 0 0 0 1978574 1619638 358936 0 0 0 0 0 369989 347554 4242 18193 320761 199465 87458 33838 204958 121786 72651 10521 0 0 0 0 166441 166141 300 0 233878 209602 19512 4764 0 0 0 0 2266988 2025250 43841 197897 0 0 0 0 4119 0 2057 2062 0 0 0 0 22946 510 20706 1730 Printing and Publications 539621 418282 39348 81991 Equipment purchased, reantal and repairs 164666 163278 1388 0 87576 464979 745 -378148 26353727 24155018 2150871 47838 0 0 3536603 3573067 46714165 39653156 0 0 0 0 0 0 0 0 0 1148620 1187514 219685919 220079966 0 0 2446930 3816451 273532237 268310154 1826831 1208871 0 0 0 0 0 0 0 1165223 1532251 2992054 2741122 X 32918593 31158426 87039826 70827476 150581764 163583130 270540183 265569032 273532237 268310154 2179637 -7150788 0 0 0 0 X 0 1 X 1 0 X 33925793 33033360 34667491 46388761 23045921 171061326 0 0 0 0 0 0 0 0 0 0 0 0 33925793 33033360 34667491 46388761 23045921 171061326 13898786 157162540 2131152 2527439 2635481 2227247 2733380 12254699 0 0 0 0 0 249197 162324 191094 194469 99278 896362 184212387 2489899 0.85316 0.89628 X Schedule A, Part II, Line 10 Net Income from fundraising events. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 184092304 12128744 -3119539 4090962 283321 1622110 187105116 166885850 17504352 5690404 3962866 289908 1735528 184092304 144920505 10692918 15706676 2751891 140824 1541534 166885850 130171416 10686051 8146506 2309726 136621 1637121 144920505 123684056 10162565 918532 2514541 416075 1663121 130171416 0.05 0.95 0 0 0 USMF Investments 211447751 F Lanx Offshore Partners 1852918 F Commonfund 1807921 F McKenzie Meadows Inc. stock 720000 F YiYu and Lerma LLP 1357472 F Money Market Account 2893904 F 220079966 0 Trust and annuity payment liabilities 1532251 1532251 X 19763224 -7150787 0 0 0 -7150787 26914011 1619353 0 1619353 28533364 24734374 0 0 0 0 0 24734374 1619353 0 1619353 26353727 Schedule D, Part V, Line 4 Endowment accounts are established and funded by donors in support of programs at the University of Maryland in Baltimore. These endowments are predominantly permanently restricted and they have various purposes including scholarships professorships lectureships chairs capital expenditures and research activities. Schedule D, Part X, Line 2 The Foundation is organized and operated exclusively for charitable and educational purposes within the meaning of the provisions of section 501 (c) (3) of the Internal Revenue Code. Since the Foundation had no material unrelated business income for the year ended June 30, 2016 and 2015, no provision for income taxes has been made. Accounting principles generally accepted in the United States of America require management to evaluate tax positions taken by the Foundation and recognize a tax liability (or asset) if the Foundation has taken an uncertain position that more likely than not would not be sustained upon examination by the Internal Revenue Service. Management has analyzed the tax positions taken by the Foundation and has concluded that as of June 30, 2016, there are no uncertain positions taken or e expected to be taken that would require recognition of a liability (or asset) or disclosure in the financial statements. Therefore, no asset or liability has been recorded as of June 30, 2016 for uncertain tax position. The Foundation is subject to routine audits by taxing jurisdictions, however, there are currently no audits for any tax periods in process. The Foundation is no longer subject to U.S. federal or state examinations by tax authorities for years before fiscal year ended June 30, 2007. CICL Fundraiser 232838 150385 82453 0 0 0 0 0 64382 Fund for Medicine 45055 29100 15955 0 0 0 0 0 0 7 206140 133142 72998 0 0 0 0 0 7746 484033 312627 171406 0 0 0 0 0 72128 72128 99278 1 Maryland Public Interest Law Project Inc (MPILP) 500 W Baltimore Street Baltimore MD 21201 521620485 501(C)3 49000 Program Support Medical Alumni Association of the University of MD 522 W Lombard Street Baltimore MD 21201 520615433 501(C)3 5001 Transfer/Program support Shock Trauma Associates PA (STAPA) 11 S Paca Street Suite 500 Baltimore MD 21201 521119350 501(C)3 196239 Clinical Support U of MD Oral-Maxillofacial Surgery Associates PA 650 W Baltimore Street Suite 1401 Baltimore MD 21201 521908293 501(C)3 6750 Clinical Support UMMS Foundation Inc 110 S Paca Street 9th floor Baltimore MD 21201 522238893 501(C)3 93936 Clinical Support University of Maryland Dermatologists PA 419 W Redwood Street Suite 240 Baltimore MD 21201 521726248 501(C)3 7268 Clinical Support University of Maryland Family Medicine PA 29 S Paca Street Baltimore MD 21201 521274266 501(C)3 132397 Clinical Support University of Maryland Medical System (UMMS) 22 S Greene Street Executive Office G1J16 Baltimore MD 21201 521362793 501(C)3 311461 Clinical Support University of Maryland Neurology Associates PA 110 S Paca Street 3rd Floor Baltimore MD 21201 521138284 501(C)3 6540 Clinical Support University of Maryland Orthopaedic Associates PA 110 S Paca Street Suite 300 Baltimore MD 21201 522122145 501(C)3 95501 Clinical Support University of Maryland Pediatric Associates PA 737 W Lombard Street Suite 333 Baltimore MD 21201 521182593 501(C)3 87633 Clinical Support University of Maryland Physicians PA (UMPPA) 419 W Redwood Street Suite 660 Baltimore MD 21201 521103228 501(C)3 71526 Clinical Support University of Maryland St Joseph Medical Center Foundation 7601 Osler Drive Jordan Center Suite 158 Baltimore MD 21204 521681044 501(C)3 7360 Clinical Support University of Maryland Surgical Associates PA (UMSA) P O Box 62523 Baltimore MD 21264 521557551 501(C)3 396135 Clinical Support University of Maryland Baltimore 650 West Baltimore Street Baltimore MD 21201 526002033 115 16355226 Education/Research University of MD Radiation Oncology Associate PA 800 West Baltimore Street Suite 409 Baltimore MD 21201 521266476 501(C)3 7181 Clinical Support University System of Maryland Foundation Inc 3300 Metzerott Road Adelphi MD 20783 521125663 501(C)3 17773 Program Support 17 0 Programmatic Assistance 135 133918 0 School of Dentistry Scholarships and Awards 21 25472 0 School of Law Scholarships and Awards 22 47362 0 School of Medicine Scholarships and Awards 49 55802 0 School of Nursing Scholarships and Awards 1 40000 0 School of Pharmacy Scholarships and Awards 5 1700 0 School of Social Work Scholarships and Awards 1 100 0 Schedule I, Part I, Line 2 The organization establishes separate accounts to house grant funds donated pursuant to a grant agreement to provide support for a particular program. The grant agreement is reviewed and signed by the organization's Treasurer. The expenditures from the grant fund are then monitored to confirm that monies are spent in accordance with the budget included in the grant agreement. Periodic grant progress reports and financial reports are prepared under the direction of the principal investigator and then reviewed and signed by the treasurer. Subject to the language in the grant agreement remaining funds are returned to the granting organization. In addition, we record the federal employer identification number and internal revenue code section under which the tax-exempt status was granted for each grantee. X 1 1 0 0 0 0 0 0 0 0 0 Michael B Dowdy President/CEO 368868 0 0 0 0 0 0 0 49329 0 418197 0 0 0 Pam Heckler Treasurer/Director of Operations 144017 0 0 0 0 0 0 0 52677 0 196694 0 0 0 Schedule J, Part I, Line 1a The President/CEO is provided a membership in a private dining and meeting establishment for the sole purpose of conducting foundation business, and is not included in taxable compensation. Schedule J, Part I, Line 3 The organization has no employees. Members of the organization's workforce are employees of the University of Maryland, Baltimore (UMB). The organization reimburses the University annually for its share of the compensation. UMB is part of the University System of Maryland, a state agency, therefore, compensation of officers and members of the organization's workforce is established, monitored, and governed by regulation and guidelines in place for all State of Maryland employees. In addition, the organization's budget which includes aggregate salaries is reviewed by the finance committee and full board of trustees. Schedule J, Part II For the calendar year 2015, Michael B. Dowdy received compensation in the form of salary and benefits from the University of Maryland, a portion of which is $368,867.14 and $49,328.54 in his role as President and Chief Executive Officer of the organization. For the calendar year 2015, Pamela Heckler, received compensation in the form of salary and benefits from the University of Maryland, a portion of which is $144,017.03 and $52,676.67 in her role as Treasurer and Director of Operations of the organization. No other officer, Director or Trustee received compensation or benefits in connection with the service to the University of Maryland Baltimore Foundation. X 76 6370964 Average market high/low 0 1 0 Schedule M, Part I, Line 33 The items listed in Part 1, line 9, securities-publicly traded, references the number of non-cash contributions. Form 990, Part VI, Section B, Line 11b A draft version of Form 990 is provided to the audit committee of the organization's board of trustees. This committee reviews the return. Any corrections or suggestions are made to the draft return. Upon formal approval by this body, the return is electronically filed with the Internal Revenue Services by the extended due date. The approved filing is available to the full board of trustees. Form 990, Part VI, Section B, Line 12c The Board of Trustees and officers of the organization are required to review the conflict of interest policy and complete a disclosure form annually to indicate anything that they perceive to be a conflict as described in the policy. The President of the organization maintains a record that indicates compliance with this policy by each board member. Form 990, Part VI, Section B, Line 15 The organization has no employees. Members of the organization's workforce are employees of the University of Maryland, Baltimore (UMB). The organization reimburses the University annually for its share of the compensation. UMB is part of the University System of Maryland which is a state agency, therefore, the compensation of the officers and members of the organization's workforce is established, monitored, and governed by regulations and guidelines in place for all State of Maryland employees. In addition, the organization's budget, which includes salaries in the aggregate, is reviewed annually by the Finance Committee and by the full board of trustees. Form 990, Part VI, Section C, Line 19 The organization maintains a public disclosure file in its office where the books and records are maintained. This file contains IRS form 1023 application of recognition of exemption and the public disclosure version of IRS Form 990 return or organization exempt from income tax for the three most recent fiscal years. These documents plus the articles of incorporation bylaws, conflict of interest and nepotism policy and financial statements are available on the organization's website. We filed Form 8868 and received approval.