Overview
What is University Of Maryland Medical System Foundation Inc?
The University of Maryland Medical System Foundation Inc, established in March 2000, is a Baltimore-based nonprofit organization dedicated to raising charitable funds for the University of Maryland Medical System (UMMS). Their primary focus is to safeguard the future of healthcare excellence at UMMS. The foundation serves as the central structure for fundraising, stewardship, and endowment management. They provide crucial support to UMMS, helping to cover the costs of facility construction and maintenance, patient care expenses, and the development of essential community clinical programs. Additionally, the foundation offers community support and education, ensuring UMMS hospitals can deliver cutting-edge care that might otherwise be out of reach.
Official website here: www.ummsfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 91% (Four-Star out of Four Stars)
The University of Maryland Medical System Foundation Inc has received a commendable Four-Star rating from Charity Navigator, indicating a high level of accountability and financial stability. This rating is based entirely on their Accountability & Finance score, which stands at 91%. The foundation demonstrates strong governance with a fully independent board and robust financial oversight practices, ensuring transparency and responsible management of resources.
Strengths of the organization include a comprehensive set of policies that contribute to effective governance, such as conflict of interest and whistleblower policies, alongside strong audit practices. The foundation also excels in maintaining low liabilities relative to assets and has a solid working capital ratio, showcasing its financial health. Additionally, the foundation's fundraising efficiency is notably high, reflecting effective resource mobilization.
Despite these strengths, the program expense ratio of 60.41% may indicate that a smaller portion of funds is directed toward programmatic activities compared to fundraising and administrative costs. Nonetheless, the overall financial metrics and governance practices suggest that the foundation operates with a high degree of integrity and effectiveness in its mission.
This AI summary has been generated from information found on Charity Navigator.
Is University Of Maryland Medical System Foundation Inc legitimate?
University Of Maryland Medical System Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. University Of Maryland Medical System 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
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,897,537
For more financial information, click here
Official website here: www.ummsfoundation.org
What is the mission statement of University Of Maryland Medical System Foundation Inc?
The University of Maryland Medical System Foundation Inc plays a crucial role in safeguarding the future of healthcare excellence at the University of Maryland Medical System. By raising charitable funds, this organization ensures the delivery system remains at the forefront of healthcare. Established in March 2000, UMMS Foundation Inc functions as the central structure for fundraising, stewardship, and endowment management. It supports the medical system by providing funds for facility construction and maintenance, essential clinical programs, and patient care costs not covered by insurance. Additionally, the foundation offers community support and education, helping the hospitals deliver cutting-edge care that might otherwise be unaffordable.
Official website here: www.ummsfoundation.org
Who is the CEO of University Of Maryland Medical System Foundation Inc?
Unavailable The CEO's salary of University Of Maryland Medical System Foundation Inc is $0 and their total compensation is $517,928.
Official website here: www.ummsfoundation.org
What is the revenue of University Of Maryland Medical System Foundation Inc?
University Of Maryland Medical System Foundation Inc's revenue in 2022 was $19,698,385.
Official website here: www.ummsfoundation.org
Who are the executives of University Of Maryland Medical System Foundation Inc and what are their salaries?
There 5 volunteers at University Of Maryland Medical System Foundation Inc.
Here are 11 key members and their salaries (University Of Maryland Medical System Foundation Inc's CEO's salary is $0 and their total compensation is $517,928):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $791,511
- Other: $33,062
- Compensation: $0
- Related: $1,663,541
- Other: $209,731
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $483,497
- Other: $34,431
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $20,192
- Other: $3,231
- Compensation: $0
- Related: $209,400
- Other: $43,675
- Compensation: $0
- Related: $205,354
- Other: $982
Official website here: www.ummsfoundation.org
Where can I find the form 990 for University Of Maryland Medical System Foundation Inc?
University Of Maryland Medical System Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ummsfoundation.org
Learn more at the official website: www.ummsfoundation.org
Mission Statement of University Of Maryland Medical System Foundation Inc
University of Maryland Medical System Foundation, Inc. (UMMSF) is a charitable organization dedicated to raising funds to safeguard the future of healthcare excellence for the University of Maryland Medical System (UMMS). By developing charitable support, UMMSF ensures UMMS remains a leading integrated healthcare delivery system. Established in March 2000, the foundation acts as UMMS' central structure for fundraising, stewardship, and endowment management.
UMMSF provides essential financial support to UMMS in various ways. It helps cover the costs of constructing and maintaining UMMS facilities, fills the gap when patients cannot pay for medications or the entire cost of care, and supports the development of clinical programs vital to the community. In addition to financial assistance, UMMSF offers community support and education, collaborating with UMMS hospitals to provide cutting-edge care that would otherwise be unaffordable. UMMSF's mission is to secure charitable funds to safeguard the future of healthcare excellence for the University of Maryland Medical System.
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Impact
October, 2024
The University of Maryland Medical System Foundation Inc. plays a pivotal role in enhancing the health care landscape in Maryland. By raising charitable funds, the foundation ensures the continued excellence of the University of Maryland Medical System (UMMS). Their efforts contribute significantly to the development of essential clinical programs and the construction and maintenance of medical facilities, allowing UMMS to maintain its status as a leading integrated health care delivery system.
The foundation addresses critical financial gaps, providing support for patients who cannot afford necessary medications or the full cost of their care. This commitment not only improves individual patient outcomes but also promotes broader community health by facilitating access to quality medical services.
Additionally, UMMSF is focused on building an endowment fund, which will safeguard the future of healthcare excellence at UMMS. Their work in community support and education further strengthens health initiatives, ensuring that the hospitals associated with UMMS can offer cutting-edge care that might otherwise be financially unattainable. The foundation's impact reverberates throughout the community, fostering a healthier population and reinforcing the importance of accessible, high-quality healthcare services.
This information is meant to be a general summary of University Of Maryland Medical System 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: $3,742,945
- Gross Receipts: $20,297,731
Assets and Liabilities:
- Total Assets: $90,137,681
- Total Liabilities: $2,530,493
- Net Assets: $87,607,188
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Organization Details
Founding Year
2000
Phone
(410) 328-1376Main Address
22 South Greene Street, Baltimore, MD, 21201
Website
www.ummsfoundation.orgNTEE Category
Code: B11 - Education
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