University of Maryland Baltimore Foundation Inc.
University of Maryland Baltimore Foundation Inc.
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About this organization
Mission
SOLICIT/RECEIVE CONTRIBUTIONS/GRANTS FROM GENERAL PUBLIC TO HOLD, INVEST AND ADMINISTER THESE FUNDS AND PAY EXPENDITURES FOR UNIVERSITY AND SERVE IN ADVISORY ROLE TO PRESIDENT.
About
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 2018, the UMSOM graduated a total of 333 students with medical, allied health, or graduate degrees. Of the graduating students, 138 received their medical degrees and joined the ranks of more than 14,000 living alumni. Medical students matched with residency programs at 69 different hospitals in 30 states. This past year, the UMSOM admitted another class of students with exceptional academic credentials, which included 156 new medical students. Of the total 1,261 students enrolled, 621 are medical (M.D.) students and 632 are enrolled in medical graduate programs. A leader in biomedical research, the UMSOM secured more than $537 million in grants and contract support in FY2018. According to the latest data from the Association of American Medical Colleges, the UMSOM ranks 8th among public medical schools and 26th among all 151 public and private medical schools in terms of grant and contract expenditures. More than half of the practicing physicians in Maryland receive 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.
Interesting data from their 2019 990 filing
The filing reveals the mission of the non-profit as “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.”.
When detailing its functions, they were listed as: “Solicit/receive contributions/grants from general public to hold, invest and administer these funds and pay expenditures for university and serve in advisory role to president.”.
- According to the law, the state where the non-profit operates has been reported as MD.
- The filing specifies that the non-profit's address in 2019 was 620 W Lexington St 2nd FL, Baltimore, MD, 212011508.
- As of 2019, the non-profit's form shows they have a total of 0 employees.
- Does not operate a hospital.
- Does not operate a school.
- Does not collect art.
- Does not provide credit counseling.
- Does not have foreign activities.
- Is not a donor-advised fund.
- Is not a private foundation.
- Expenses are greater than $1,000,000.
- Revenue is greater than $1,000,000.
- Revenue less expenses is $27,379,032.
- The remuneration plan for the CEO of the organization is not based on a review and endorsement process by an independent body.
- The organization has a written policy that describes how long it will retain documents.
- The organization has 33 independent voting members.
- The organization was formed in 1999.
- The organization has a written policy that addresses conflicts of interest.
- The organization is required to file Schedule B.
- The organization is required to file Schedule J.
- The organization is required to file Schedule O.
- The organization pays $0 in salary, compensation, and benefits to its employees.
- The organization pays $663,076 in fundraising expenses.
- The organization provides Form 990 to its governing body.
- The organization pays grants to individuals.
- The organization has minutes of its meetings.
- The organization has a written whistleblower policy.
- The organization has fundraising events.
- The organization has grants to organizations.
- The organization's financial statements were reviewed by an accountant.