University Of Maryland Faculty Physicians Inc
- Assets
- $357.1m
- Revenue
- $108.1m
- Investments
- $0.0
- Employees
- 1,499
- Location
- Baltimore, MD
- Founding
- 09/1984
- Data as of
- 06/2021
- EIN
- 52-1299563
Organization Overview
University Of Maryland Faculty Physicians Inc is located in Baltimore, MD. The organization was established in 1984. According to its NTEE Classification (E12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Health Care and related organizations. As of 06/2021, University Of Maryland Faculty Physicians Inc employed 1,499 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. University Of Maryland Faculty Physicians 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 06/2021, University Of Maryland Faculty Physicians Inc generated $108.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $82.9m during the year ending 06/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
UNDER THE MEDICAL SERVICE PLAN OF THE UNIVERSITY OF MARYLAND, SCHOOL OF MEDICINE, ADMINISTRATIVE SUPPORT SERVICES ARE PROVIDED TO THE PHYSICIAN PRACTICES OF THE UNIVERSITY OF MARYLAND, INCLUDING BUT NOT LIMITED TO INFORMATION TECHNOLOGY, FINANCE, HUMAN RESOURCES, CONTRACTING, LEGAL AND BUSINESS SERVICES. THESE SERVICES ALLOW THE PHYSICIAN PRACTICES TO DELIVER HEALTHCARE TO THE GENERAL PUBLIC WITHOUT REGARD TO THE PATIENT'S ABILITY TO PAY FOR SERVICES ON BEHALF OF THE SCHOOL OF MEDICINE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
UNDER THE MEDICAL SERVICE PLAN OF THE UNIVERSITY OF MARYLAND, SCHOOL OF MEDICINE, ADMINISTRATIVE SUPPORT SERVICES ARE PROVIDED TO THE PHYSICIAN PRACTICES OF THE UNIVERSITY OF MARYLAND, INCLUDING BUT NOT LIMITED TO INFORMATION TECHNOLOGY, FINANCE, HUMAN RESOURCES, CONTRACTING, LEGAL AND BUSINESS SERVICES. THESE SERVICES ALLOW THE PHYSICIAN PRACTICES TO DELIVER HEALTHCARE TO THE GENERAL PUBLIC WITHOUT REGARD TO THE PATIENT'S ABILITY TO PAY FOR SERVICES ON BEHALF OF THE SCHOOL OF MEDICINE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William E Tucker Cco | Officer | 40 | $526,095 |
Depriest W Whye MD Mmcip | 40 | $437,825 | |
William D Elliott III COO | Officer | 40 | $340,755 |
Michele J Wingate Former Cfo/cbdo | Officer | 40 | $335,825 |
Susan D Kinter Mmcip | 40 | $306,346 | |
Adrian G Bergin Administrator | 40 | $284,650 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sellers Dorsey & Associates Corporate Consulting Services | 6/29/21 | $460,443 |
Rosen Sapperstein & Friedlander Llc Audit And Tax Services | 6/29/21 | $387,170 |
Mj Valet Llc Patient Valet Service | 6/29/21 | $191,608 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $35,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $35,000 |
| Total Program Service Revenue | $85,457,796 |
| Investment income | $534,655 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $501,726 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $108,138,580 |
| 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. | $2,897,290 |
| Compensation of current officers, directors, key employees. | $2,897,290 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $21,968,623 |
| Pension plan accruals and contributions | $1,403,431 |
| Other employee benefits | $1,997,364 |
| Payroll taxes | $1,611,487 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $145,608 |
| Fees for services: Accounting | $122,619 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $46,646 |
| Fees for services: Other | $5,238,071 |
| Advertising and promotion | $439,636 |
| Office expenses | $2,215,932 |
| Information technology | $225,087 |
| Royalties | $0 |
| Occupancy | $7,989,959 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $891 |
| Interest | $327,789 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,264,025 |
| Insurance | $12,026 |
| All other expenses | $353,404 |
| Total functional expenses | $82,889,823 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $889,755 |
| Savings and temporary cash investments | $22,092,413 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $9,093,336 |
| 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 | $861,279 |
| Net Land, buildings, and equipment | $22,674,434 |
| Investments—publicly traded securities | $17,287,909 |
| Investments—other securities | $0 |
| Investments—program-related | $3,851,764 |
| Intangible assets | $0 |
| Other assets | $280,383,443 |
| Total assets | $357,134,333 |
| Accounts payable and accrued expenses | $56,432,892 |
| Grants payable | $0 |
| Deferred revenue | $1,020,164 |
| Tax-exempt bond liabilities | $8,710,000 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $913,327 |
| Unsecured mortgages and notes payable | $277,878 |
| Other liabilities | $145,296,149 |
| Total liabilities | $212,650,410 |
| Net assets without donor restrictions | $144,483,923 |
| Net assets with donor restrictions | $0 |
| 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 | $357,134,333 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that University Of Maryland Faculty Physicians Inc has recieved totaling $6,052.
| Awarding Organization | Amount |
|---|---|
University Of Maryland Baltimore Foundation Inc Baltimore, MD PURPOSE: CLINICAL SUPPORT | $6,052 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Patient Access Network Foundation Washington, DC | $507,970,702 | $310,279,884 |
Summit Physician Services York, PA | $14,991,039 | $137,854,804 |
Hearthstone Senior Communities Inc Bala Cynwyd, PA | $23,952,064 | $83,448,118 |
University Of Maryland Faculty Physicians Inc Baltimore, MD | $357,134,333 | $108,138,580 |
Albert Einstein Healthcare Network Philadelphia, PA | $101,892,525 | $75,155,441 |
Penn Highlands Healthcare Dubois, PA | $174,985,367 | $81,650,655 |
Good Shepherd Rehabilitation Network Allentown, PA | $439,427,307 | $71,655,842 |
Childrens Health Foundation Inc Norfolk, VA | $218,293,245 | $41,519,979 |
Childrens Hospital Foundation Washington, DC | $768,707,580 | $82,832,640 |
Syrian American Medical Society Foundation Washington, DC | $20,670,637 | $42,052,972 |
Johns Hopkins Hospital Endowment Fund Incorporated Baltimore, MD | $745,035,781 | $11,088,977 |
Doylestown Health Foundation Doylestown, PA | $88,236,207 | $10,269,180 |