Overview
What is Umb Health Sciences Research Park Corporation?
Umb Health Sciences Research Park Corporation is a nonprofit organization situated in Baltimore, Maryland. Their primary objective is to support the educational, research, and related activities carried out by the University of Maryland, Baltimore (UMB). This includes the establishment and maintenance of the University of Maryland Biopark, overseeing all leases, covenants, and restrictions pertaining to its use. The corporation's mission is to aid UMB in their endeavors, contributing to the advancement of medical and scientific research within the Biopark. With a modest workforce of one employee, Umb Health Sciences Research Park Corporation plays an essential role in fostering the growth of the University of Maryland, Baltimore's initiatives.
Official website here: www.umbbiopark.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%, Four-Star out of Four Star rating on Charity Navigator.
Umb Health Sciences Research Park Corporation demonstrates strong performance in accountability and finance, earning a 96% score. This high rating reflects the organization's commitment to transparency and effective management of its resources, with all board members being independent, which fosters unbiased decision-making and oversight.
The organization has established comprehensive policies, including conflict of interest and whistleblower protections, which further enhance its credibility. Additionally, they maintain a very low liability-to-assets ratio, indicating strong financial health, and a significant portion of their expenses is devoted to programs, showcasing their focus on mission-driven activities.
While the rating highlights many strengths, such as a solid financial foundation and governance practices, the summary does not provide detailed insights into programmatic outcomes or community impact, which are important for a complete evaluation of the nonprofit's effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Umb Health Sciences Research Park Corporation legitimate?
Umb Health Sciences Research Park Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Umb Health Sciences Research Park Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $186,840
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.umbbiopark.com
What is the mission statement of Umb Health Sciences Research Park Corporation?
The Umb Health Sciences Research Park Corporation's mission is centered around supporting the objectives of the University of Maryland, Baltimore (UMB). This includes aiding in the establishment of the University of Maryland Biopark and ensuring its maintenance. The corporation is responsible for overseeing all leases, covenants, and restrictions associated with the Biopark's usage. Its primary role is to manage and administer the land and real estate related to the Biopark, with the aim of supporting the educational, research, and support activities conducted by UMB.
Official website here: www.umbbiopark.com
Who is the CEO of Umb Health Sciences Research Park Corporation?
Linda Cassard is the Chair of Umb Health Sciences Research Park Corporation.
Official website here: www.umbbiopark.com
What is the revenue of Umb Health Sciences Research Park Corporation?
Umb Health Sciences Research Park Corporation's revenue in 2022 was $1,901,335.
Official website here: www.umbbiopark.com
Who are the executives of Umb Health Sciences Research Park Corporation and what are their salaries?
The average compensation at Umb Health Sciences Research Park Corporation during 2022 was $186,840. There is 1 employee at Umb Health Sciences Research Park Corporation.
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- Other: $15,999
- Compensation: $188,475
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Official website here: www.umbbiopark.com
Where can I find the form 990 for Umb Health Sciences Research Park Corporation?
Umb Health Sciences Research Park Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.umbbiopark.com
Learn more at the official website: www.umbbiopark.com
Mission Statement of Umb Health Sciences Research Park Corporation
Umb Health Sciences Research Park Corporation is a nonprofit organization with a mission to support the missions of the University of Maryland, Baltimore (UMB), a tax-exempt organization. Specifically, its role is to contribute to the creation of the University of Maryland Biopark and maintain this facility. The corporation monitors all leases, covenants, and restrictions concerning the uses of the Biopark to ensure it serves its intended purpose effectively. By holding, leasing, managing, and administering the land and real estate associated with the Biopark, Umb Health Sciences Research Park Corporation supports various educational, research, and support activities conducted by and on behalf of UMB. This nonprofit organization plays a vital role in facilitating the growth and development of the University of Maryland Biopark, contributing significantly to the advancement of research and education in the field.
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Impact
October, 2024
Umb Health Sciences Research Park Corporation plays a significant role in fostering innovation and advancing research within the health sciences sector. By supporting the University of Maryland, Baltimore (UMB), it enhances educational and research initiatives crucial for scientific advancement.
The organization manages the University of Maryland BioPark, which serves as a collaborative hub for academia, industry, and research. This integration promotes the development of cutting-edge biotechnologies and health-related discoveries, thereby contributing to economic growth and improving public health outcomes in the community.
Furthermore, the maintenance and administration of the BioPark, along with diligent oversight of leases and usage regulations, ensure a conducive environment for researchers and businesses alike. The corporation's efforts not only bolster UMB's missions but also foster community improvement and engagement by positioning Baltimore as a center for health sciences innovation.
This information is meant to be a general summary of Umb Health Sciences Research Park Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $41,908
- Gross Receipts: $3,868,516
Assets and Liabilities:
- Total Assets: $16,212,488
- Total Liabilities: $1,382,335
- Net Assets: $14,830,153
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Organization Details
Founding Year
2003
Phone
(410) 706-5036Principal Officer
Linda Cassard
Main Address
620 W LEXINGTON STREET 4TH FLOOR, BALTIMORE, MD, 21201
Website
www.umbbiopark.comNTEE Category
Code: S11 - Community improvement
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