Overview
What is University Of Maryland Baltimore Foundation Inc?
University of Maryland Baltimore Foundation Inc, also known as UMBF or UMB Foundation, is a nonprofit organization based in Baltimore, Maryland, with a significant history dating back to 1807. As the first public medical school in the United States, the University of Maryland School of Medicine (UMSOM) is now one of the fastest-growing, top-tier biomedical research enterprises globally. The organization, which ranks among the top public medical schools in the country, has a faculty of over 3,000 physicians, scientists, and allied health professionals, with numerous academy members and Lasker Award recipients. UMSOM is an innovator in translational medicine, with over 600 active patents and 52 start-up companies. They have a total population of nearly 9,000 faculty and staff, including 2,500 students, trainees, residents, and fellows. UMBF's primary role is to solicit, receive contributions, and grants from the general public and hold, invest, and administer these funds for the benefit of the University of Maryland in Baltimore, serving in an advisory role to its president.
Official website here: www.umaryland.edu/umbf
What are the reviews and ratings of this charity?
Charity Navigator rating: 94%, Four-Star out of Four Star rating.
The University of Maryland Baltimore Foundation Inc has received a strong overall score of 94%, highlighting its commitment to accountability and transparency in its operations. The foundation achieved an impressive 96 in the Accountability & Finance category, indicating effective management of resources and adherence to best practices. The organization also boasts a fully independent board, which enhances its governance and decision-making processes.
In terms of financial efficiency, the foundation maintains a program expense ratio of 73.48%, suggesting that a significant portion of its resources directly supports its programs. The fundraising efficiency ratio is notably low at $0.08, indicating that the organization is effective in fundraising relative to the amount raised. Additionally, the foundation has a remarkable working capital ratio of 14.62 years, reflecting a strong financial position and long-term sustainability.
While the foundation scores well in its leadership and adaptability, with a perfect score of 100 in that category, the Culture & Community score of 75 indicates some areas for improvement in engaging with the community and fostering a culture of inclusivity. Overall, the foundation demonstrates robust financial health and governance, but there is potential for growth in community engagement initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is University Of Maryland Baltimore Foundation Inc legitimate?
University Of Maryland Baltimore Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. University Of Maryland Baltimore Foundation Inc 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: $0
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For more financial information, click here
Official website here: www.umaryland.edu/umbf
What is the mission statement of University Of Maryland Baltimore Foundation Inc?
The University of Maryland Baltimore Foundation Inc is dedicated to collecting and managing funds on behalf of the University of Maryland in Baltimore. Its mission is to solicit and receive contributions and grants from the public and use these resources to benefit the university. The University of Maryland School of Medicine, which the foundation supports, is a renowned research enterprise, consistently ranked among the top public medical schools in the US. With a significant research productivity and a distinguished faculty, the school is a leader in translational medicine and boasts numerous patents and start-ups. The foundation works closely with the university to provide research-intensive, academic, and clinically-based care for a large patient population each year. With an operating budget over $1.3 billion and nearly $600 million in extramural funding, the school is a significant contributor to the university's total population of nearly 9,000 faculty and staff, including 2,500 students, trainees, residents, and fellows. The foundation supports ten joint degree programs, combining medical, doctoral, dental, and master's degrees, as well as a physical therapy and rehabilitation sciences doctorate.
Official website here: www.umaryland.edu/umbf
Who is the CEO of University Of Maryland Baltimore Foundation Inc?
Pam Heckler is the Interim President of University Of Maryland Baltimore Foundation Inc.
Official website here: www.umaryland.edu/umbf
What is the revenue of University Of Maryland Baltimore Foundation Inc?
University Of Maryland Baltimore Foundation Inc's revenue in 2022 was $64,089,840.
Official website here: www.umaryland.edu/umbf
Who are the executives of University Of Maryland Baltimore Foundation Inc and what are their salaries?
Here are 41 key members and their salaries:
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Official website here: www.umaryland.edu/umbf
Where can I find the form 990 for University Of Maryland Baltimore Foundation Inc?
University Of Maryland Baltimore Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.umaryland.edu/umbf
Learn more at the official website: www.umaryland.edu/umbf
Mission Statement of University Of Maryland Baltimore Foundation Inc
University of Maryland Baltimore Foundation Inc is a mission-driven organization dedicated to soliciting and managing contributions and grants from the public to support the University of Maryland in Baltimore. Its primary role is to hold, invest, and administer these funds, and to pay expenditures for the benefit of the university. The Foundation serves as an advisor to the university's president, ensuring that the funds are used effectively and efficiently to further the institution's goals.
Founded in 1807, the University of Maryland School of Medicine (UMSOM) is one of the oldest and most prestigious medical schools in the United States. With a rich history spanning over 200 years, UMSOM has grown into a top-tier biomedical research enterprise, boasting 46 academic departments, centers, institutes, and programs, and a faculty of over 3,000 physicians, scientists, and allied health professionals. The School of Medicine is renowned for its research productivity and translational medicine, with over 600 active patents and 52 start-up companies. It ranks among the top public medical schools in research productivity and is a leader in providing research-intensive, academic, and clinically-based care for nearly 2 million patients each year.
The University of Maryland Baltimore Foundation Inc plays a crucial role in supporting the University of Maryland School of Medicine as it continues to innovate and grow. By soliciting and managing contributions and grants, the Foundation enables the university to expand its research, educational, and clinical initiatives and to provide world-class care to patients. Its advisory role to the president ensures that the university remains at the forefront of medical research and education, addressing the most pressing health challenges and improving the lives of people around the world.
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Impact
October, 2024
The University of Maryland Baltimore Foundation Inc. drives significant impact through its commitment to advancing medical education, research, and clinical care. As an integral part of the University of Maryland School of Medicine (UMSOM), the foundation plays a crucial role in soliciting and managing contributions that directly benefit the university's initiatives.
Chartered in 1807, UMSOM holds the distinction of being the first public medical school in the United States. It continues to thrive as a top-tier biomedical research institution, boasting a faculty of over 3,000 professionals, including prominent members of esteemed organizations like the National Academy of Medicine. The school is highly regarded for its research productivity, ranking among the top public medical schools nationally.
With a robust operating budget exceeding $1.3 billion and nearly $600 million in extramural funding, UMSOM is at the forefront of innovative research and medical breakthroughs. Its substantial portfolio includes 606 active patents and the creation of 52 start-up companies, fostering a culture of entrepreneurship and translation of research into practice.
UMSOM has a global reach, conducting research and providing treatment in 36 countries, and works closely with the University of Maryland Medical Center to deliver research-intensive care to nearly 2 million patients each year. The foundation's efforts in securing financial support help sustain and expand these critical programs, enhance educational opportunities, and improve patient care.
With nearly 9,000 faculty and staff members, the university fosters a diverse student body that includes medical students, allied health professionals, and those pursuing advanced degrees. UMSOM's educational programs, including innovative joint degree offerings, prepare the next generation of healthcare leaders.
In summary, the University of Maryland Baltimore Foundation Inc. embodies a vital support system for the University of Maryland, Baltimore, enhancing its capacities in education, research, and community service, ultimately leading to improved health outcomes locally and globally.
This information is meant to be a general summary of University Of Maryland Baltimore Foundation Inc. 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: $30,346,315
- Program Service Revenue: $74,721
- Gross Receipts: $71,809,559
Assets and Liabilities:
- Total Assets: $444,522,086
- Total Liabilities: $4,150,538
- Net Assets: $440,371,548
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONFERENCES/EDUCATIONAL PROGRAMS
Revenue
$40,861
CONTRACTS AND PUBLICATIONS
Revenue
$29,636
FACULTY, STAFF, AND ALUMNI FUNCTIONS
Revenue
$4,200
MEMBERSHIPS AND DUES
Revenue
$24
Organization Details
Founding Year
1999
Phone
(410) 706-5631Principal Officer
Pam Heckler
Main Address
220 N Arch Street, Baltimore, MD, 21201
Website
www.umaryland.edu/umbfNTEE Category
Code: B110 - Education
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