University Of Baltimore Foundation Inc
- Assets
- $88.6m
- Revenue
- $10.5m
- Investments
- $23.2m
- Employees
- 5
- Location
- Baltimore, MD
- Founding
- 09/1969
- Data as of
- 06/2022
- EIN
- 23-7036780
Organization Overview
University Of Baltimore Foundation Inc is located in Baltimore, MD. The organization was established in 1969. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 06/2022, University Of Baltimore Foundation Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. University Of Baltimore Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, University Of Baltimore Foundation Inc generated $10.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 10.0% each year. All expenses for the organization totaled $5.1m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
ESTABLISHED TO RAISE, MANAGE FUNDS, AND PROVIDE FINANCIAL SUPPORT TO THE UNIVERSITY OF BALTIMORE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Schwartz CFO (through 4/2022) | Officer | 40 | $117,232 |
Nina Yudell Chair | OfficerTrustee | 5 | $0 |
Joan Worthington Secretary | OfficerTrustee | 1 | $0 |
Rachel T Mcguckian Vice-Chair | OfficerTrustee | 5 | $0 |
Tracey A Dubree Treasurer | OfficerTrustee | 1 | $0 |
Janus Kurzmann CFO (as Of 4/2022) | Officer | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $111,283 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,479,138 |
| Noncash contributions included in lines 1a–1f | $210,842 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,590,421 |
| Total Program Service Revenue | $12,385 |
| Investment income | $2,274,625 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,660,889 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,538,320 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $93,301 |
| Compensation of current officers, directors, key employees. | $93,301 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $176,370 |
| Pension plan accruals and contributions | $19,291 |
| Other employee benefits | $25,381 |
| Payroll taxes | $22,205 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,701 |
| Fees for services: Accounting | $32,461 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $25,690 |
| Fees for services: Investment Management | $171,029 |
| Fees for services: Other | $343,112 |
| Advertising and promotion | $146,613 |
| Office expenses | $69,874 |
| Information technology | $162,633 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $3,939 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $145,046 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $13,189 |
| All other expenses | $0 |
| Total functional expenses | $5,117,152 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,755,571 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $5,837,351 |
| Accounts receivable, net | $67,387 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $80,923 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $43,219,331 |
| Investments—other securities | $23,204,695 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $454,284 |
| Total assets | $88,619,542 |
| Accounts payable and accrued expenses | $1,054,206 |
| Grants payable | $0 |
| Deferred revenue | $154,118 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,208,324 |
| Net assets without donor restrictions | $7,185,864 |
| Net assets with donor restrictions | $80,225,354 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $88,619,542 |
Grants Recieved
Over the last fiscal year, we have identified 24 grants that University Of Baltimore Foundation Inc has recieved totaling $407,439.
| Awarding Organization | Amount |
|---|---|
Family League Of Baltimore City Inc Baltimore, MD PURPOSE: PROGRAM SUPPORT | $61,877 |
Baltimore Community Foundation Inc Baltimore, MD PURPOSE: GENERAL SUPPORT AND VARIOUS PROJECTS | $50,912 |
Crane Family Foundation Inc Baltimore, MD PURPOSE: GRANT FOR THE TRUANCY COURT PROGRAM | $50,000 |
The Philip E And Harriet J Klein Baltimore, MD PURPOSE: GENERAL SUPPORT | $40,000 |
William J & Dorothy K Oneill Foundation Inc Cleveland, OH PURPOSE: SAYRA AND NEIL MEYERHOFF CENTER FOR FAMILIES, CHILDREN AND THE COURTS TRUANCY COURT PROGRAM | $30,000 |
Maryland Legal Services Corp Baltimore, MD PURPOSE: GENERAL SUPPORT | $30,000 |
Endowment Analysis
| Beg. Balance | $68,720,950 |
| Earnings | -$5,702,756 |
| Net Contributions | $1,179,815 |
| Other Expense | $2,909,701 |
| Ending Balance | $61,288,308 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Of Virginia Investment Management Company Charlottesville, VA | $10,038,884,501 | $457,345,731 |
University Of Maryland Obstetrical And Gynecological Associates P A Baltimore, MD | $13,649,114 | $19,437,289 |
St Coletta Special Education Charter School Washington, DC | $5,593,916 | $18,247,797 |
Unidel Foundation Inc Greenville, DE | $452,249,782 | $36,851,681 |
Educational Foundation Of America Bethesda, MD | $294,733,951 | $32,812,396 |
Old Dominion University Educational Foundation Norfolk, VA | $390,141,589 | $33,517,872 |
Marshall University Foundation Incorporated Huntington, WV | $365,151,220 | $39,444,191 |
Virginia Commonwealth University Foundation Richmond, VA | $117,210,353 | $9,637,107 |
University Of Virginia Healt Foundation Charlottesville, VA | $89,840,390 | $9,560,297 |
St Catherines School Foundation Richmond, VA | $65,797,019 | $8,901,214 |
Eastern Virginia Medical School Foundation Norfolk, VA | $165,919,612 | $19,028,464 |
Employee Benefit Trust Of Northampton Co Area Community Coll Bethlehem, PA | $1,194,772 | $10,407,527 |