2026-02-17T14:30:59-06:00 2025-06-30 521392008 GELMAN ROSENBERG & FREEDMAN 4550 MONTGOMERY AVE SUITE 800N BETHESDA MD 208142930 990 2024-07-01 521630673 UNIVERSITY OF MARYLAND ALUMNI ASSOCIATION UNIV 3014054678 RIGGS IV ALUM CTR 7801 ALUMNI DR COLLEGE PARK MD 20742 PETER M CANINE CFO & COO 3014054678 2026-02-17 1 0 ELIZABETH W HELLER P00397829 3019519090 2024 2025-03-06 01:10:19Z PETER M CANINE RIGGS IV ALUM CTR 7801 ALUMNI DR COLLEGE PARK MD 20742 4446478 0 X WWW.ALUMNI.UMD.EDU X 1989 MD SEE PART III, LINE 1. 26 26 0 43 29880 0 2834516 2363535 34850 56824 87500 158661 1603065 1662156 4559931 4241176 62500 76200 0 0 376773 170568 0 0 645240 3675078 3762945 4114351 4009713 445580 231463 12874791 13201593 6943014 6951795 5931777 6249798 TO SUPPORT AND PROMOTE THE UNIVERSITY IN ITS PURSUITS OF EXCELLENCE IN TEACHING, RESEARCH AND PUBLIC SERVICE AND TO FOSTER A SPIRIT OF LOYALTY, INVOLVEMENT AND LIFE-LONG COMMITMENT TO THE UNIVERSITY BY ITS ALUMNI. 0 0 2846846 76200 56824 TO SUPPORT AND PROMOTE THE UNIVERSITY AND ITS PROGRAMS BY ENCOURAGING LIFELONG RELATIONSHIPS, RECOGNIZING ALUMNI ACHIEVEMENTS AND SUPPORTING RELATED PROGRAMS AND EVENTS. 19 STUDENTS RECEIVED SCHOLARSHIPS TOTALING $76,200. 2846846 1 1 0 0 0 0 0 0 1 0 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 51 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 X 26 26 0 0 1 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 0 0 0 MD NY X PETER CANINE 3014054678 RIGGS IV ALUM CTR 7801 ALUMNI DR COLLEGE PARK MD 20742 X LAURIE A DE ARMOND PRESIDENT 10.00 X X 0 0 0 JEFFREY A RIVEST IMMEDIATE PAST PRESIDENT 2.00 X X 0 0 0 JAMES G SPENCER PAST PRESIDENT 2.00 X X 0 0 0 BERT D WILLIAMS PRESIDENT-ELECT 2.00 X X 0 0 0 WILSON WANG CHAIR OF FINANCE COMMITTEE 2.00 X X 0 0 0 JESSICA K ROBERTS SEE SCH O E.D., SECRETARY & TREASURER 20.00 X X 0 0 0 JAMES F HARRIS III MEMBER (EX-OFFICIO) 2.00 X X 0 0 0 DARRYLL J PINES MEMBER (EX-OFFICIO) 2.00 X X 0 0 0 MARIA J BALL MEMBER 2.00 X 0 0 0 MARINA H COOPER MEMBER 2.00 X 0 0 0 PATRICIA G COUSINS MEMBER 2.00 X 0 0 0 LAURA AR CRANDON MEMBER 2.00 X 0 0 0 JAZZ M LEWIS MEMBER 2.00 X 0 0 0 ROCKY LOPES MEMBER 2.00 X 0 0 0 CATHERINE LUZIO MEMBER 2.00 X 0 0 0 ALETHIA N NANCOO MEMBER 2.00 X 0 0 0 PETER M POLOW JR MEMBER 2.00 X 0 0 0 SUSAN A WOOD MEMBER 2.00 X 0 0 0 DERRIN A WOODHOUSE MEMBER 2.00 X 0 0 0 AMY CHING YIP MEMBER 2.00 X 0 0 0 SHAYAN G ZADEH MEMBER 2.00 X 0 0 0 ELIZABETH H O'KEEFE-MARKHAM MEMBER 1.00 X 0 0 0 DA'VEDA N JOHNSON MEMBER 1.00 X 0 0 0 ELIZABETH L READ-CONNOLE MEMBER 1.00 X 0 0 0 JEFFREY D KARCESKI MEMBER 1.00 X 0 0 0 KATE E PFETSCH MEMBER 1.00 X 0 0 0 PETER CANINE SEE SCH O CFO & COO 40.00 X 0 0 0 0 0 0 0 0 0 0 ROLLI CLEANERS LLC 7102 GOOD LUCK RD LANHAM MD 20706 CLEANING, CUSTODIAL & TEMP STAFF SERVICE 147289 1 859741 1503794 2363535 TRAVEL PROGRAM REVENUE 561520 56824 56824 56824 107004 107004 283838 283838 1411967 55705 1356262 1356262 10518 1345744 193696 142039 51657 51657 51657 26920 7558 19362 19362 MISCELLANEOUS 900099 2694 2694 2694 4241176 56824 29880 1790937 76200 76200 170568 105045 39326 26197 7778 7778 57546 57546 16207 16207 50553 50553 262732 70791 191941 677753 91993 208587 377173 258889 237951 20938 159804 123488 29456 6860 1349599 1316747 30097 2755 189586 170429 11498 7659 136657 122848 8287 5522 31917 31917 BUILDING OPERATIONS 418828 376507 25401 16920 REPAIRS & MAINTENANCE 102642 92270 6225 4147 CREDIT LOSSES 15399 9333 6066 CONTRIBUTIONS AND DONAT 12442 12442 14613 2691 11922 4009713 2846846 517627 645240 2462059 2812328 160482 91644 256432 191085 77050 136080 27589 136812 3674942 2833408 876356 841534 1405268 1588219 7609555 7403891 12874791 13201593 253950 414855 290806 228638 34448 40210 6363810 6268092 6943014 6951795 X 4754033 4988512 1177744 1261286 5931777 6249798 12874791 13201593 X 231463 86558 0 X 0 1 X 1 0 X 2181394 2065093 2450111 2834516 2363535 11894649 137109 205663 205664 205665 754101 2181394 2202202 2655774 3040180 2569200 12648750 12648750 906797 830813 1398217 1445265 1736586 6317678 810 3674 2694 7178 18973606 507009 0.66660 0.70440 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 63580 731 62849 3611362 2832677 778685 841534 RENT CONTRIBUTIONS RECEIVABLE 7403891 7403891 9331337 86558 4964105 55705 5106368 4224969 16207 16207 4241176 9013316 4964105 55705 5019810 3993506 16207 16207 4009713 PART IV, LINE 2B: UMAA IS THE CUSTODIAN FOR THE DUES FUND ACCOUNT FOR THE USER/NETWORK GROUP OF BIG 10 EXECUTIVE DIRECTORS. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD BOOKED TO EXPENSES ON THE 55,705. AUDITED FINANCIAL STATEMENTS AND INCLUDED ON PART VIII, LINE 10B. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD BOOKED TO EXPENSES ON THE 55,705. AUDITED FINANCIAL STATEMENTS AND INCLUDED ON PART VIII, LINE 10B. 1 SCHOLARSHIPS 19 76200 PART I, LINE 2: SCHOLARSHIPS ARE MONITORED BY THE UNIVERSITY'S OFFICE OF STUDENT FINANCIAL AID. FORM 990, PART VI, SECTION A, LINE 4 THE ORGANIZATION'S BYLAWS WERE CHANGED TO OFFICIALLY ADD THE FINANCE CHAIR TO THE EXECUTIVE COUNCIL AND THIS CHANGE OPENED UP AN ADDITIONAL AT-LARGE SEAT ON THE BOARD. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WAS PREPARED BY OUTSIDE ACCOUNTANTS AND REVIEWED BY MANAGEMENT IN CONSULTATION WITH THE BOARD PRESIDENT AND THE FINANCE COMMITTEE CHAIR. THE FORM 990 IS THEN ALSO REVIEWED BY THE FINANCE COMMITTEE. THE FINAL FORM 990 WAS THEN PROVIDED TO THE FULL BOARD. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD RECEIVES THE CONFLICT OF INTEREST POLICY AND A COVER LETTER FROM THE GENERAL COUNSEL IN THEIR FALL MEETING MATERIALS PACKET. THE ASSOCIATION COLLECTS A SIGNATURE FORM FROM EACH MEMBER AND KEEPS IT IN A FILE. ASSOCIATION EMPLOYEES DETERMINE IF ANY FORMS ARE MISSING, AND IF SO FOLLOW UP THROUGHOUT THE YEAR WITH A REMINDER LETTER, AS WELL AS REMINDERS AT EACH SUBSEQUENT BOARD MEETING. PROCEDURES FOR ADDRESSING THE CONFLICT OF INTEREST A. THE CHAIRPERSON OF THE BOARD OR COMMITTEE, IF APPROPRIATE, APPOINT A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT. B. AFTER EXERCISING DUE DILIGENCE, THE BOARD OR COMMITTEE DETERMINES WHETHER THE CORPORATION CAN OBTAIN A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT WITH REASONABLE EFFORTS FROM A PERSON OR ENTITY THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. C. IF A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT IS NOT REASONABLY ATTAINABLE UNDER CIRCUMSTANCES THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST, THE BOARD OR COMMITTEE DETERMINES BY A MAJORITY VOTE OF THE DISINTERESTED DIRECTORS WHETHER THE TRANSACTION OR ARRANGEMENT IS IN THE CORPORATION'S BEST INTEREST AND FOR ITS OWN BENEFIT AND WHETHER THE TRANSACTION IS FAIR AND REASONABLE TO THE CORPORATION AND MAKES ITS DECISION AS TO WHETHER TO ENTER INTO THE TRANSACTION OR ARRANGEMENT IN CONFORMITY WITH SUCH DETERMINATION. VIOLATIONS OF THE CONFLICTS OF INTEREST POLICY A. IF THE BOARD OR COMMITTEE HAS REASONABLE CAUSE TO BELIEVE THAT A MEMBER HAS FAILED TO DISCLOSE ACTUAL OR POSSIBLE CONFLICTS OF INTEREST, IT INFORMS THE MEMBER OF THE BASIS FOR SUCH BELIEF AND AFFORDS THE MEMBER AN OPPORTUNITY TO EXPLAIN THE ALLEGED FAILURE TO DISCLOSE. B. IF, AFTER HEARING THE RESPONSE OF THE MEMBER AND MAKING SUCH FURTHER INVESTIGATION AS MAY BE WARRANTED IN THE CIRCUMSTANCES, THE BOARD OR COMMITTEE DETERMINES THAT THE MEMBER IS AN INTERESTED PERSON AND HAS FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, IT TAKES APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION OF THE EXECUTIVE DIRECTOR AND THE CFO/COO OF THE ALUMNI ASSOCIATION IS DETERMINED BY THE UNIVERSITY OF MARYLAND'S POLICIES AND PROCEDURES FOR COMPENSATION DETERMINATION. THE EXECUTIVE DIRECTOR AND CFO/COO OF THE ALUMNI ASSOCIATION ARE PAID BY THE UNIVERSITY OF MARYLAND AND NOT BY THE ALUMNI ASSOCIATION. THE REVIEW TAKES PLACE ANNUALLY IN MARCH. FORM 990, PART VI, SECTION C, LINE 19 THE UNIVERSITY OF MARYLAND ALUMNI ASSOCIATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. SCHEDULE D, PARTS XI AND XII, LINES 2A AND 2B: THE ALUMNI ASSOCIATION RECEIVES DONATED SERVICES FROM THE UNIVERSITY OF MARYLAND THROUGH EMPLOYEES OF THE UNIVERSITY WHO WORK ON BEHALF OF THE ALUMNI ASSOCIATION. THE TWO ORGANIZATIONS ARE AFFILIATED, BUT ARE NOT RELATED AS DEFINED IN THE FORM 990 INSTRUCTIONS. THE TOTAL VALUE OF THE SERVICES PROVIDED BY THOSE EMPLOYEES TOTALED $4,758,440 FOR THE YEAR ENDED JUNE 30, 2025. INCLUDED IN THE SUPPORT OF $4,758,440 ARE THE AMOUNTS PAID FOR THE SERVICES OF THE ORGANIZATION'S EXECUTIVE DIRECTOR AND CHIEF FINANCIAL AND OPERATING OFFICER WHO ARE LISTED IN PART VII. THE FOLLOWING AMOUNTS WERE PAID BY THE UNIVERSITY TO THESE INDIVIDUALS IN THE FISCAL YEAR FOR THEIR SERVICES TO THE ASSOCIATION: JESSICA K. ROBERTS, EXECUTIVE DIRECTOR: SALARY: $165,038 FRINGE BENEFITS: $57,763 PETER CANINE, CFO & COO: SALARY: $203,054 FRINGE BENEFITS: $71,069 IN ADDITION, THE ALUMNI ASSOCIATION RECORDED $205,665 OF DONATED RENT FOR THE USE OF THE BUILDING THAT WAS TRANSFERRED TO THE UNIVERSITY OF MARYLAND FOR FY25.