M Club Foundation University Of Maryland Inc
- Assets
- $2.8m
- Revenue
- $299.2k
- Investments
- $0.0
- Employees
- 0
- Location
- College Park, MD
- Founding
- 06/1966
- Data as of
- 06/2022
- EIN
- 52-6018880
Organization Overview
M Club Foundation University Of Maryland Inc is located in College Park, MD. The organization was established in 1966. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. M Club Foundation University Of Maryland 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, M Club Foundation University Of Maryland Inc generated $299.2k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.1% each year . All expenses for the organization totaled $422.7k during the year ending 06/2022. While expenses have increased by 19.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
TO PROMOTE THE WELFARE OF THE UNIVERSITY OF MARYLAND BY UNDERTAKING ACTIVITIES IN SUPPORT OF THE UNIVERSITY'S INTERCOLLEGIATE ATHLETIC PROGRAM
Describe the Organization's Program Activity:
Part 3 - Line 4a
TERPS AWARD
PAYMENTS TO THE UNIVERSITY OF MARYLAND AND OTHER U.S. UNIVERSITIES FOR THE PROVISION OF STUDENT SCHOLARSHIPS.
CONTRIBUTIONS MADE TO UNIVERSITY OF MARYLAND AND OTHER PUBLIC CHARITIES FOR VARIOUS SPORTS TEAM NEEDS AND ACADEMIC SUPPORT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Keith Barrack Vice President | Officer | 0 | $0 |
Angie Perry President | Officer | 0 | $0 |
Marshall Fesche Treasurer | Officer | 0 | $0 |
Laura Chiriaco Executive Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $37,172 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $30,187 |
| Noncash contributions included in lines 1a–1f | $187 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $67,359 |
| Total Program Service Revenue | $0 |
| Investment income | $51,344 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $237,805 |
| Net Income from Fundraising Events | -$57,358 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $299,150 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $341,946 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,137 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $26,582 |
| Fees for services: Other | $0 |
| Advertising and promotion | $9,600 |
| Office expenses | $4,101 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $25,000 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,490 |
| All other expenses | $0 |
| Total functional expenses | $422,685 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $42,805 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $1,000 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $2,801,458 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,845,263 |
| Accounts payable and accrued expenses | $8,576 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $8,576 |
| Net assets without donor restrictions | $2,836,687 |
| 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 | $2,845,263 |
Grants Awarded
Over the last fiscal year, M Club Foundation University Of Maryland Inc has awarded $341,946 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF MARYLAND PURPOSE: STUDENT & FACILITY SUPPORT | $310,348 |
UNIVERSITY OF MARYLAND PURPOSE: SCHOLARSHIPS | $22,500 |
UNIVERSITY OF MARYLAND PURPOSE: TERP AWARDS | $9,098 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that M Club Foundation University Of Maryland Inc has recieved totaling $55.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $55 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Of Maryland College Park Foundation Inc College Park, MD | $869,831,500 | $109,216,276 |
Old Dominion University Research Foundation Norfolk, VA | $35,170,684 | $51,598,508 |
University Of Virginia Darden School Foundation Charlottesville, VA | $664,692,543 | $80,428,705 |
William & Mary Foundation Williamsburg, VA | $1,122,551,962 | $79,373,462 |
University Of Virginia Foundation Charlottesville, VA | $508,958,321 | $36,530,024 |
University Health Services Inc Richmond, VA | $34,736,696 | $16,366,834 |
Medical College Of Virginia Foundation Richmond, VA | $645,911,510 | $54,318,573 |
Virginia Commonwealth University College Of Engineering Foundation Richmond, VA | $131,974,636 | $12,076,889 |
University Of Maryland Foundation Inc Adelphi, MD | $2,110,990,979 | $62,167,598 |
Communities In Schools Inc Alexandria, VA | $73,470,009 | $25,993,702 |
University Of Virginia Law School Foundation Charlottesville, VA | $789,832,433 | $37,875,854 |
University Of Maryland Baltimore Foundation Inc Baltimore, MD | $437,980,331 | $59,974,746 |