2012-03-15T07:34:19-05:00 2011-06-30 ELLIN & TUCKER CHARTERED 100 S CHARLES ST SUITE 1300 BALTIMORE MD 21201 990 2010-07-01 237036780 UNIVERSITY OF BALTIMORE FOUNDATION INC UNIV 4108376148 1130 N CHARLES STREET BALTIMORE MD 21201 VERNON HC WRIGHT 4108376148 2012-03-07 1 SUSAN KELLER 4107275735 2010 2016-02-24 21:20:13Z VERNON H C WRIGHT 1130 N CHARLES STREET BALTIMORE MD 21201 4951881 0 X WWW.UBFOUNDATION.ORG X 1969 MD ESTABLISHED TO RAISE, MANAGE FUNDS, AND PROVIDE FINANCIAL SUPPORT TO THE UNIVERSITY OF BALTIMORE. 29 29 5 102 0 0 11169244 2635991 116296 67114 1968471 1485191 26549 45909 13280560 4234205 0 0 0 0 266853 344574 117988 144260 647649 2706849 2435657 3091690 2924491 10188870 1309714 58169168 65141699 441901 338787 57727267 64802912 TO RAISE AND MANAGE FUNDS AND TO PROVIDE FINANCIAL SUPPORT TO THE UNIVERSITY OF BALTIMORE. THE FOUNDATION PROVIDES LEADERSHIP, GUIDANCE, AND SUPPORT TO THE UNIVERSITY'S ADMINISTRATION IN ADVANCING THE MISSION AND VISION OF THE UNIVERSITY. 0 0 1686968 113023 ALL PROGRAM SERVICE EXPENSES AND DISTRIBUTIONS SUPPORT THE EDUCATIONAL ACTIVITIES OF THE UNIVERSITY OF BALTIMORE. THE FOUNDATION SUPPORTED INITIATIVES OF THE UNIVERSITY SUCH AS SCHOLARSHIPS, FACULTY SUPPORT, AND COMMUNITY OUTREACH PROGRAMS. 1686968 1 1 0 0 0 0 1 0 1 1 1 0 0 0 1 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 1 10 0 5 1 0 1 CJ 0 0 0 0 1 1 0 0 0 X 29 29 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MD X X X JENNIFER SCHWARTZ 4108376148 1130 N CHARLES STREET BALTIMORE MD 21201 ANTHONY S FUGETT 1.00 X 0 0 0 CAROLYN H THALER ESQ 1.00 X 0 0 0 DAMON GASQUE 1.00 X 0 0 0 GREGORY A BAYOR 1.00 X 0 0 0 HARRY C STORM ESQ 1.00 X 0 0 0 HOLLY SADEGHIAN ESQ 1.00 X 0 0 0 JAMES P NOLAN ESQ 1.00 X 0 0 0 JANA HOWARD CAREY ESQ 1.00 X 0 0 0 JOHN P CLIFFORD 1.00 X 0 0 0 KENNETH R SHUTTS ESQ 1.00 X 0 0 0 LAURENCE M KATZ ESQ 1.00 X 0 0 0 L CONTENT MCLAUGHLIN ESQ 1.00 X 0 0 0 MARIANNE HELLAUER ESQ 1.00 X 0 0 0 MARIE VAN DEUSEN ESQ 1.00 X X 0 0 0 MARK RADKE ESQ 1.00 X 0 0 0 MICHAEL L CURRY 1.00 X X 0 0 0 PAUL C LATCHFORD ESQ 1.00 X 0 0 0 PETER G ANGELOS ESQ 1.00 X 0 0 0 PETER PINKARD 1.00 X 0 0 0 R THOMAS CRAWFORD 1.00 X 0 0 0 RENEE BRONFEIN ADES ESQ 1.00 X 0 0 0 RICHARD A SNELLINGER 1.00 X 0 0 0 RICHARD DAVISON 1.00 X 0 0 0 ROBERT L BOGOMOLNY 1.00 X 0 0 0 ROBERT RUSSEL 1.00 X 0 0 0 ROBERT W SCHAEFER 1.00 X 0 0 0 SAYRA WELLS MEYERHOFF 1.00 X 0 0 0 STUART J SILBERG 1.00 X 0 0 0 STUART M GOLDBERG ESQ 1.00 X 0 0 0 VERNON H C WRIGHT 1.00 X X 0 0 0 JENNIFER SCHWARTZ 40.00 X 84174 0 12244 THERESA SILANSKIS 40.00 X 0 0 0 84174 0 12244 0 0 0 0 0 19609 2616382 124938 2635991 PROGRAM INCOME 900099 67114 67114 67114 492818 492818 1710049 717676 992373 992373 992373 MISCELLANEOUS 900099 45909 45909 45909 4234205 113023 0 1485191 90827 36331 54496 159631 30616 121110 7905 18437 4900 12277 1260 55256 7594 46244 1418 20423 5736 14270 417 2009 2009 24778 6616 17345 817 144260 144260 203673 203673 209350 124780 37248 47322 100641 18120 82521 101710 71762 12851 17097 45357 39659 5698 6707 6707 5826 4755 1071 263908 244228 1121 18559 1200 1200 28018 1067 26951 STUDENT/FACULTY SUPPORT 871204 871204 0 0 BAD DEBTS 311970 0 0 311970 OTHER PROGRAM SUPPORT 193428 193428 0 0 DUES & SUBSCRIPTIONS 39138 31856 2352 4930 TRAINING & DEVELOPMENT 14470 5509 8961 0 12270 220 3948 8102 2924491 1686968 589874 647649 10319758 16316798 3256659 479528 7156045 5636907 18000 500 906568 947081 11108 30966 6000 6000 1200 0 21463931 28138192 14167347 12723175 868552 868552 58169168 65141699 422289 338787 19612 441901 338787 X 3735600 6794267 22747807 26087824 31243860 31920821 57727267 64802912 58169168 65141699 X 1309714 5765931 X X 0 1 1 X 0 X 2508168 5402749 3444682 11169244 2636713 25161556 2508168 5402749 3444682 11169244 2636713 25161556 4474971 20686585 917296 435888 360049 372067 492818 2578118 412910 307950 293726 142846 113023 1270455 29010129 0.71310 0.67600 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 0 30604245 748437 4400470 989673 34763479 27287968 992177 2940372 616272 30604245 33849791 360069 -6921892 27287968 0.11500 0.88500 0 0 6000 6000 0 0 PRIVATE EQUITY INVESTMENTS 7362982 F INVESTMENT IN USMF 4212566 F LIMITED PARTNERSHIP INTERESTS 1147627 F 12723175 4234205 2924491 1309714 5765931 5765931 7075645 10034501 5765931 722 237316 6003969 4030532 203673 203673 4234205 2489978 722 80408 81130 2408848 203673 311970 515643 2924491 PART III, LINE 4: ART AND HISTORICAL COLLECTIONS INCLUDE THE SCHAFRAN JAZZ COLLECTION AND OTHER LIBRARY COLLECTIONS. DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE FOUNDATION'S PERMANENT ENDOWMENT CONSISTS OF VARIOUS DONOR RESTRICTED FUNDS ESTABLISHED TO PROVIDE A SOURCE OF INCOME FOR ONGOING PROGRAMS, AS WELL AS SCHOLARSHIPS AND PROFESSORSHIPS. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE ORGANIZATION FOLLOWS THE PROVISIONS OF ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES UNDER THE INCOME TAXES TOPIC OF THE CODIFICATION. THE CODIFICATION REQUIRES THE EVALUATION OF TAX POSITIONS, WHICH INCLUDE MAINTAINING THEIR TAX-EXEMPT STATUS AND THE TAXABILITY OF ANY UNRELATED BUSINESS INCOME, AND DOES NOT ALLOW RECOGNITION OF TAX POSITIONS WHICH DO NOT MEET A MORE-LIKELY-THAN-NOT THRESHOLD OF BEING SUSTAINED BY THE APPLICABLE TAX AUTHORITY. MANAGEMENT DOES NOT BELIEVE IT HAS TAKEN ANY TAX POSITIONS THAT WOULD NOT MEET THIS THRESHOLD. THE ORGANIZATION FILES FEDERAL AND STATE INFORMATION RETURNS AND ARE NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY MAJOR TAX AUTHORITIES FOR YEARS PRIOR TO 2007. PART XII, LINE 2D: REVENUE OF $549,286 FROM UNIVERSITY PROPERTIES, INC., AN AFFILIATE, IS INCLUDED IN THE AUDITED FINANCIAL STATEMENTS, BUT NOT INCLUDED IN THE FORM 990. BAD DEBTS OF $(311,970) IS INCLUDED IN REVENUE IN THE AUDITED FINANCIAL STATEMENTS, BUT AS AN EXPENSE IN THE FORM 990. PART XIII, LINE 2D: EXPENSES OF $80,408 FROM UNIVERSITY PROPERTIES, INC., AN AFFILIATE, ARE INCLUDED IN THE AUDITED FINANCIAL STATEMENTS, BUT NOT INCLUDED IN THE FORM 990. PART XIII, LINE 4B: BAD DEBTS OF $311,970 IS INCLUDED IN REVENUE IN THE AUDITED FINANCIAL STATEMENTS, BUT AS AN EXPENSE IN THE FORM 990. PART XI, LINE 10: THE AUDITED FINANCIAL STATEMENTS WERE PREPARED ON A CONSOLIDATED BASIS. THE CONSOLIDATED NET INCOME EQUALS $7,544,523. THE NET INCOME FOR THIS ENTITY ON AN UNCONSOLIDATED BASIS IS $7,075,645. THE DIFFERENCE IS $468,878, OR THE EXCESS FOR UNIVERSITY PROPERTIES, INC., THE CONSOLIDATED ENTITY. X X X X X 1 RUFFALO CODY 65 KIRKWOOD NORTH ROAD SW CEDAR RAPIDS IA 52404 TELEMARKETING 0 183756 0 127921 183756 127921 MD VA X 1 8000 APPRAISAL X 11 116938 COMPARABLE SALES 0 1 0 FORM 990, PART VI, SECTION B, LINE 11 THE AUDIT AND EXECUTIVE COMMITTEES OF THE BOARD ARE AUTHORIZED TO REVIEW AND APPROVE THE FORM 990 PRIOR TO FILING. A COPY OF THE RETURN IS MADE AVAILABLE TO ALL BOARD MEMBERS. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST FORMS ARE REQUIRED TO BE COMPLETED AT THE BEGINNING OF THE FISCAL YEAR. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION OF THE CFO WAS DETERMINED BASED ON MARKET FACTORS AND IN CONSULTATION WITH AN INDEPENDENT RECRUITING FIRM. THE EXECUTIVE DIRECTOR IS PAID BY THE UNIVERSITY AND AS SUCH IS SUBJECT TO THE UNIVERSITY'S COMPENSATION STRUCTURE. FORM 990, PART VI, SECTION C, LINE 19 THESE DOCUMENTS ARE AVAILABLE UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 5,765,931. PART XI, LINE 2C THE AUDIT PROCESS WAS UNCHANGED FROM THE CURRENT YEAR, AND IS OVERSEEN BY THE AUDIT COMMITTEE. UNIVERSITY PROPERTIES INC 1130 N CHARLES STREET BALTIMORE MD 21201 521040290 SEE SCHEDULE O MD 501(C)(2) N/A 0 UNIVERSITY INSTITUTES INC 1130 N CHARLES STREET BALTIMORE MD 21201 237439340 SEE SCHEDULE O MD 501(C)(3) 12 N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 UNIVERSITY PROPERTIES INC M UNIVERSITY INSTITUTES INC M