2011-03-14T08:14:23-05:00 2010-06-30 ELLIN & TUCKER CHARTERED 100 S CHARLES ST SUITE 1300 BALTIMORE MD 21201 990 2009-07-01 237036780 UNIVERSITY OF BALTIMORE FOUNDATION INC UNIV 4108376148 1130 N Charles Street Baltimore MD 21201 VERNON HC WRIGHT 4108376148 2011-03-03 1 SUSAN KELLER 4107275735 2009 2016-02-24 21:20:13Z VERNON HC WRIGHT 1130 N Charles Street Baltimore MD 21201 13280560 0 X WWW.UBFOUNDATION.ORG X 1969 MD ESTABLISHED TO RAISE, MANAGE FUNDS, AND PROVIDE FINANCIAL SUPPORT TO THE UNIVERSITY OF BALTIMORE. 25 25 3 75 0 0 3444682 11169244 265128 116296 -1830869 1968471 28598 26549 1907539 13280560 663122 0 0 278689 266853 146759 117988 419146 3992486 2706849 5081056 3091690 -3173517 10188870 44419556 58169168 451044 441901 43968512 57727267 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 2164811 142845 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. 2164811 1 1 0 0 0 0 1 0 1 1 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 0 1 56 0 3 1 0 1 CJ 0 0 0 0 0 0 0 25 25 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MD X X JENNIFER SCHWARTZ 4108376148 1130 N Charles Street Baltimore MD 21201 RENEE BRONFEIN ADES ESQ 1.00 X 0 0 0 PETER G ANGELOS ESQ 1.00 X 0 0 0 ROBERT L BOGOMOLNY 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 R THOMAS CRAWFORD 1.00 X 0 0 0 MICHAEL L CURRY 1.00 X X 0 0 0 RICHARD DAVISON 1.00 X 0 0 0 ANTHONY S FUGETT 1.00 X 0 0 0 DAMON GASQUE 1.00 X 0 0 0 MARIANNE HELLAUER ESQ 1.00 X 0 0 0 LAURENCE M KATZ ESQ 1.00 X 0 0 0 PAUL C LATCHFORD ESQ 1.00 X 0 0 0 SAYRA WELLS MEYERHOFF 1.00 X 0 0 0 JAMES P NOLAN ESQ 1.00 X 0 0 0 PETER PINKARD 1.00 X 0 0 0 MARK RADKE ESQ 1.00 X 0 0 0 ROBERT RUSSEL 1.00 X 0 0 0 HOLLY SADEGHIAN ESQ 1.00 X 0 0 0 ROBERT W SCHAEFER 1.00 X 0 0 0 KENNETH R SHUTTS ESQ 1.00 X 0 0 0 STUART J SILBERG 1.00 X 0 0 0 RICHARD A SNELLINGER 1.00 X 0 0 0 CAROLYN H THALER ESQ 1.00 X 0 0 0 MARIE VAN DEUSEN ESQ 1.00 X X 0 0 0 VERNON H C WRIGHT 1.00 X X 0 0 0 THERESA SILANSKIS 40.00 X 0 0 0 jennifer Schwartz 40.00 X 84174 0 11938 84174 0 11938 0 0 0 0 0 20175 11149069 427893 11169244 PROGRAM INCOME 900099 116296 116296 116296 372067 372067 1596404 1596404 1596404 1596404 MISCELLANEOUS 900099 26549 26549 26549 13280560 142845 0 1968471 84568 25370 59198 118435 34602 62360 21473 15335 4329 8771 2235 32266 8046 18723 5497 16249 4897 9696 1656 7509 2066 5443 22741 22741 117988 117988 231746 231746 278481 168875 30009 79597 102727 102727 131238 121506 5021 4711 83127 79649 3478 12964 12964 24030 22983 89 958 221774 199032 8870 13872 1200 1200 18647 767 17880 STUDENT/FACULTY SUPPORT 1192454 1192454 OTHER PROGRAM SUPPORT 261094 261094 BAD DEBTS 54400 54400 Dues & Subscriptions 29491 19329 4167 5995 Training & Development 16839 6464 10375 16387 384 7966 8037 3091690 2164811 507733 419146 6809491 10319758 3256659 2953060 7156045 3500 18000 868555 906568 34779 11108 6000 4800 2400 1200 17946365 21463931 14918414 14167347 882992 868552 44419556 58169168 451044 422289 19612 451044 441901 X 841434 3735600 13175253 22747807 29951825 31243860 43968512 57727267 44419556 58169168 X 0 1 1 X 0 X 4295497 2508168 5402749 3444682 11169244 26820340 4295497 2508168 5402749 3444682 11169244 26820340 5767442 21052898 682715 917296 435888 360049 372067 2768015 398975 412910 307950 293726 142846 1556407 31144762 0.67600 0.62210 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 64446 439284 X X X 0 27287968 624743 2691534 30604245 33849791 360069 -6921892 27287968 0.01900 0.98100 0.00000 0 0 6000 4800 1200 1200 PRIVATE EQUITY INVESTMENTS 9319480 F INVESTMENT IN USMF 4030732 F LIMITED PARTNERSHIP INTERESTS 817135 F 14167347 13280560 3091690 10188870 3569885 3569885 13758755 16607166 3569885 -11533 3558352 13048814 231746 231746 13280560 2882137 76593 76593 2805544 231746 54400 286146 3091690 Part III, Line 4: ART AND HISTORICAL COLLECTIONS INCLUDE THE SCHAFRAN JAZZ COLLECTION AND OTHER LIBRARY COLLECTIONS. Part V, Line 4: Description of Intended Use of Endowment Funds: 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. Part X: Description of Uncertain Tax Positions Under FIN 48: On July 1, 2009, the Organizations adopted 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 Organizations file federal and state information returns and are no longer subject to income tax examinations by major tax authorities for years prior to 2006. PART XI, LINE 10: THE AUDITED FINANCIAL STATEMENTS WERE PREPARED ON A CONSOLIDATED BASIS. THE CONSOLIDATED NET INCOME EQUALS $13,725,029. THE NET INCOME ON AN UNCONSOLIDATED BASIS IS $13,758,755. THE DIFFERENCE IS $(33,726). PART XII, LINE 2D: REVENUE OF $42,867 FROM UNIVERSITY PROPERTIES, INC., AN AFFILIATE, IS INCLUDED IN THE AUDITED FINANCIAL STATEMENTS, BUT NOT INCLUDED IN THE FORM 990. BAD DEBTS OF $(54,400) IS INCLUDED IN REVENUE IN THE AUDITED FINANCIAL STATEMENTS, BUT AS AN EXPENSE IN THE FORM 990. PART XIII, LINE 2D: EXPENSES OF $76,593 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 $54,400 IS INCLUDED IN REVENUE IN THE AUDITED FINANCIAL STATEMENTS, BUT AS AN EXPENSE IN THE FORM 990. X X X X X 1 RUFFALO CODY TELEMARKETING 0 180144 0 119624 180144 119624 MD VA X 64446 APPRAISAL X 22 314078 comparable sales X 2 49369 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. part xi, line 2c the audit process was unchanged from the current year, and is overseen by the audit committee. SCHEDULE R, PART II PRIMARY ACTIVITY OF UNIVERSITY PROPERTIES, INC. PURCHASES, LEASES, AND HOLDS TITLE TO BOTH REAL AND PERSONAL PROPERTY FOR THE BENEFIT OF THE FOUNDATION. SCHEDULE R, PART II PRIMARY ACTIVITY OF UNIVERSITY INSTITUTES, INC. PROMOTES, ORGANIZES, DEVELOPS, AND PRESENTS INFORMAL NON-CREDIT EDUCATIONAL SEMINARS TO THE GENERAL PUBLIC FOR EDUCATIONAL AND CHARITABLE PURPOSES. University Properties Inc 1130 N Charles Street Baltimore MD 21201 521040290 SEE SCHEDULE O MD 501(c)(2) N/A 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 1 1 0 0 0 0 University Properties Inc M University Institutes Inc M