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Nonprofit · EIN 31-1678679

UNIVERSITY OF MARYLAND BALTIMORE FOUNDATION INC

Tax-exempt · BALTIMORE, MD 21201

Financials

$53.9M$37.3M2022$52M$37.9M2023$77M$41.9M2024
Revenue Expenses · by fiscal year end
Financials of UNIVERSITY OF MARYLAND BALTIMORE FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$77,039,974$41,883,783$35,156,191$531,720,696$4,857,916$526,862,780
June 30, 2024990$52,023,120$37,904,135$14,118,985$498,682,827$3,156,955$495,525,872
June 30, 2023990$53,946,958$37,318,380$16,628,578$470,520,325$3,480,154$467,040,171
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$37,178,085
Program service revenue
$84,025
Investment income
$39,821,717
Net gain from sales of assets
$29,632,614
Net income from fundraising events
-$43,853
Other revenue
-$43,853

Expenses

Grants and similar amounts paid
$29,552,901
Compensation of officers, directors and key employees
$942,215
Salaries, compensation and benefits (total)
$942,215
Professional fundraising fees
$0
Legal fees
$15,178
Accounting fees
$120,730
Occupancy
$127,535
Travel
$213,943
Program services (functional)
$35,105,431
Management and general (functional)
$6,086,429
Fundraising (functional)
$691,923

Balance sheet and other

Total assets, start of year
$498,682,827
Total assets, end of year
$531,720,696
Total liabilities, end of year
$4,857,916
Net assets, end of year
$526,862,780
Publicly traded securities
$1,413,342
Net assets without donor restrictions
$51,384,133
Net assets with donor restrictions
$475,478,647
Gross receipts
$77,110,486
Employees
0
Volunteers
0
Year formed
1999
State of legal domicile
MD

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended June 30, 2025, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
JAMES L HUGHESPRESIDENT/CEO
Officer
20$583,125$147,744
GREGORY BOWDENSENIOR VP
Officer
40$350,200$52,375
PAM HECKLERTREASURER & COO
Officer
40$302,187$91,660
SHERI MYERSASST. TREASURER
Officer
40$174,199$28,327
Alvin D Katz CPATRUSTEE
Trustee or director
0.5$0$0
Anthony P Ashton EsqTRUSTEE
Trustee or director
0.5$0$0
Barry L GarberTRUSTEE
Trustee or director
0.5$0$0
BRIAN J GIBBONS JDCHAIR
Trustee or director
1$0$0
Charles Chen DDSTRUSTEE
Trustee or director
0.5$0$0
Damien Myers MDTRUSTEE
Trustee or director
0.5$0$0
Ellen H YankellowVICE CHAIR
Trustee or director
1$0$0
Frederick G Smith DDSTRUSTEE
Trustee or director
0.5$0$0
Harold E ChappelearTRUSTEE
Trustee or director
0.5$0$0
Harry C Knipp MD FACRTRUSTEE
Trustee or director
0.5$0$0
Jennifer O Estabrook JD MBATRUSTEE
Trustee or director
0.5$0$0
16 more people on this return
NameTitleHours / weekCompensation
Joseph R HardimanTRUSTEE
Trustee or director
0.5$0
Malinda PeeplesSecretary
Trustee or director
1$0
Mareco EdwardsTRUSTEE
Trustee or director
0.5$0
Maurice N Reid MDTRUSTEE
Trustee or director
0.5$0
Mei XuTRUSTEE
Trustee or director
0.5$0
Michael E MuldowneyTRUSTEE
Trustee or director
0.5$0
Nikos PavlidisTRUSTEE
Trustee or director
0.5$0
Nneka RimmerTRUSTEE
Trustee or director
0.5$0
Pete BuzyTRUSTEE
Trustee or director
0.5$0
Ray LewisTRUSTEE
Trustee or director
0.5$0
Richard L Taylor MD FAANTRUSTEE
Trustee or director
0.5$0
Sam LennonTRUSTEE
Trustee or director
0.5$0
Samantha MellersonTRUSTEE
Trustee or director
0.5$0
Scott Canuel CFA CFPTRUSTEE
Trustee or director
0.5$0
Steve Dubin JDTRUSTEE
Trustee or director
0.5$0
Tisha S Edwards MSW JDTRUSTEE
Trustee or director
0.5$0
990 for the year ended June 30, 2024: 35 people
NameTitleHours / weekCompensationOther / benefits
JAMES L HUGHESPRESIDENT/CEO
Officer
20$552,332$139,231
PAM HECKLERTREASURER & COO
Officer
40$286,230$86,472
GREGORY BOWDENSENIOR VP (Eff. 12/23)
Officer
40$340,000$1,231
SHERI MYERSASST. TREASURER (Eff. 11/23)
Officer
40$165,000$6,817
HARRY C KNIPPCHAIR
Trustee or director
1$0$0
ELLEN H YANKELLOWVICE CHAIR
Trustee or director
1$0$0
JOHN C WEISSSECRETARY
Trustee or director
1$0$0
ANTHONY P ASHTON ESQTRUSTEE
Trustee or director
0.5$0$0
PETE BUZYTRUSTEE
Trustee or director
0.5$0$0
SCOTT CANUELTRUSTEE
Trustee or director
0.5$0$0
MARY E CASKEYTRUSTEE
Trustee or director
0.5$0$0
HAROLD E CHAPPELEARTRUSTEE
Trustee or director
0.5$0$0
CHARLES CHENTRUSTEE
Trustee or director
0.5$0$0
STEVE DUBINTRUSTEE
Trustee or director
0.5$0$0
MARECO EDWARDSTRUSTEE
Trustee or director
0.5$0$0
TISHA S EDWARDSTRUSTEE
Trustee or director
0.5$0$0
JENNIFER O ESTABROOKTRUSTEE
Trustee or director
0.5$0$0
BARRY L GARBERTRUSTEE
Trustee or director
0.5$0$0
BRIAN J GIBBONSTRUSTEE
Trustee or director
0.5$0$0
EMERSON 'RANDY' HALLTRUSTEE
Trustee or director
0.5$0$0
JOSEPH R HARDIMANTRUSTEE
Trustee or director
0.5$0$0
ALVIN D KATZTRUSTEE
Trustee or director
0.5$0$0
SAM LENNON JRTRUSTEE
Trustee or director
0.5$0$0
RAY LEWISTRUSTEE
Trustee or director
0.5$0$0
SAMANTHA MELLERSONTRUSTEE
Trustee or director
0.5$0$0
MICHAEL E MULDOWNEYTRUSTEE
Trustee or director
0.5$0$0
DAMIEN MYERSTRUSTEE
Trustee or director
0.5$0$0
TODD L PARCHMANTRUSTEE
Trustee or director
0.5$0$0
NIKOS PAVLIDISTRUSTEE
Trustee or director
0.5$0$0
MALINDA PEEPLESTRUSTEE
Trustee or director
0.5$0$0
MAURICE N REIDTRUSTEE
Trustee or director
0.5$0$0
NNEKA RIMMERTRUSTEE
Trustee or director
0.5$0$0
FREDERICK G SMITHTRUSTEE
Trustee or director
0.5$0$0
RICHARD L TAYLORTRUSTEE
Trustee or director
0.5$0$0
MEI XUTRUSTEE
Trustee or director
0.5$0$0
990 for the year ended June 30, 2023: 39 people
NameTitleHours / weekCompensationOther / benefits
James L HughesInterim President
Officer
20$528,295$127,583
PAM HECKLERTREASURER & COO
Officer
40$273,773$78,592
Harry C KnippCHAIR
Trustee or director
1$0$0
Ellen H YankellowVICE CHAIR
Trustee or director
1$0$0
John C WeissSECRETARY
Trustee or director
1$0$0
Anthony P Ashton EsqTRUSTEE
Trustee or director
0.5$0$0
Megan BaileyTrustee
Trustee or director
0.5$0$0
Pete BuzyTRUSTEE
Trustee or director
0.5$0$0
Scott CanuelTRUSTEE
Trustee or director
0.5$0$0
MARY E CASKEYTRUSTEE
Trustee or director
0.5$0$0
Harold E ChappelearTRUSTEE
Trustee or director
0.5$0$0
Charles ChenTRUSTEE
Trustee or director
0.5$0$0
Charles W Cole JrTRUSTEE
Trustee or director
0.5$0$0
Steve DubinTRUSTEE
Trustee or director
0.5$0$0
Mareco EdwardsTRUSTEE
Trustee or director
0.5$0$0
Tisha S EdwardsTRUSTEE
Trustee or director
0.5$0$0
Jennifer O EstabrookTRUSTEE
Trustee or director
0.5$0$0
Patricia S FlorestanoTRUSTEE
Trustee or director
0.5$0$0
Carolyn B FrenkilTRUSTEE
Trustee or director
0.5$0$0
Barry L GarberTRUSTEE
Trustee or director
0.5$0$0
Brian J GibbonsTRUSTEE
Trustee or director
0.5$0$0
Emerson 'Randy' HallTRUSTEE
Trustee or director
0.5$0$0
Joseph R HardimanTRUSTEE
Trustee or director
0.5$0$0
Alvin D KatzTRUSTEE
Trustee or director
0.5$0$0
Sam Lennon JrTrustee
Trustee or director
0.5$0$0
Ray LewisTRUSTEE
Trustee or director
0.5$0$0
Aris MelissaratosTRUSTEE
Trustee or director
0.5$0$0
Samantha MellersonTRUSTEE
Trustee or director
0.5$0$0
Michael E MuldowneyTRUSTEE
Trustee or director
0.5$0$0
Damien MyersTRUSTEE
Trustee or director
0.5$0$0
Todd L ParchmanTRUSTEE
Trustee or director
0.5$0$0
Nikos PavlidisTRUSTEE
Trustee or director
0.5$0$0
Malinda PeeplesTRUSTEE
Trustee or director
0.5$0$0
Nneka RimmerTRUSTEE
Trustee or director
0.5$0$0
Alan J SilverstoneTRUSTEE
Trustee or director
0.5$0$0
Frederick G SmithTRUSTEE
Trustee or director
0.5$0$0
C William StrueverTRUSTEE
Trustee or director
0.5$0$0
Richard L TaylorTRUSTEE
Trustee or director
0.5$0$0
Mei XuTRUSTEE
Trustee or director
0.5$0$0

Address and contacts

Address (IRS master file)
220 ARCH ST, BALTIMORE, MD 21201-1531
In care of
% PAM HECKLER
Principal officer (990 for 2024)
PAM HECKLER, 220 N ARCH STREET, BALTIMORE, MD 21201
Signed the 990
PAM HECKLER, TREASURER
Phone
(410) 706-5631
Return prepared by
BDO USA

Mission

THE ORGANIZATION'S MISSION IS TO SOLICIT AND RECEIVE CONTRIBUTIONS AND GRANTS FROM THE GENERAL PUBLIC AND TO HOLD, INVEST, AND ADMINISTER THESE FUNDS AND PAY EXPENDITURES FOR THE BENEFIT OF THE UNIVERSITY OF MARYLAND IN BALTIMORE AND TO SERVE IN AN ADVISORY ROLE TO ITS PRESIDENT.

990 for the year ended June 30, 2025

Program accomplishments

  • CHARTERED IN 1807 AS THE FIRST PUBLIC MEDICAL SCHOOL IN THE UNITED STATES, THE UNIVERSITY OF MARYLAND SCHOOL OF MEDICINE (UMSOM) IS INTO ITS THIRD CENTURY. IT CONTINUES TODAY AS ONE OF THE FASTEST GROWING, TOP-TIER BIOMEDICAL RESEARCH ENTERPRISES IN THE WORLD - WITH 25 DEPARTMENTS, 5 INSTITUTES AND 10 RESEARCH CENTERS AND A WORKFORCE OF MORE THAN 7,500. MORE THAN 1,200 MEDICAL STUDENTS, GRADUATE STUDENTS, AND RESEARCH TRAINEES ARE EDUCATED AT UMSOM EVERY YEAR. IN PARTNERSHIP WITH THE UNIVERSITY OF MARYLAND MEDICAL CENTER, WE PROVIDE RESIDENCY AND FELLOWSHIP TRAINING IN MORE THAN 30 SPECIALTIES. ACCEPTANCE TO THE UMSOM MD PROGRAM IS HIGHLY COMPETITIVE, WITH NEARLY 6,000 APPLICANTS FOR 160 POSITIONS IN EACH CLASS. THE RESEARCH VISION OF THE SCHOOL OF MEDICINE IS TO BUILD ON GENERATIONS OF DISCOVERIES TO ADVANCE NEW THERAPIES AND CURES WITH THE HIGHEST LEVEL OF IMPACT ON HUMAN HEALTH IN THE REGION, THE NATION, AND AROUND THE WORLD. WITH AN OPERATING BUDGET OF $1.3 BILLION, THE SCHOOL OF MEDICINE DIRECTS MORE THAN $500 MILLION ANNUALLY TO DEVELOPING SOLUTIONS TO THE MOST CHALLENGING AND COMPLEX DISEASES. WE ARE RANKED 9TH AMONG ALL PUBLIC MEDICAL SCHOOLS FOR TOTAL RESEARCH GRANTS & CONTRACTS REPORTED BY THE ASSOCIATION OF AMERICAN MEDICAL COLLEGES (AAMC). ACCORDING TO US NEW AND WORLD REPORT, UMSOM RANKS AS THE 11TH HIGHEST AMONG PUBLIC MEDICAL SCHOOLS IN RESEARCH AND 22ND HIGHEST AMONG ALL MEDICAL SCHOOLS FOR PRIMARY CARE. UMSOM IS AN ANCHOR INSTITUTION OF THE WEST BALTIMORE COMMUNITY, AND THE SCHOOL IS COMMITTED TO IMPROVING THE HEALTH, QUALITY OF LIFE, AND PROSPERITY OF ITS NEIGHBORS. WE OFFER COMMUNITY OUTREACH PROGRAMS SUCH AS MINI-MED SCHOOL, A SERIES OF TUITION-FREE CLASSES DESIGNED TO HELP BALTIMORE RESIDENTS IMPROVE THEIR HEALTH AND WELL-BEING.
    Expenses $16,042,587 · grants $13,562,108 · revenue $71,922
  • THE UMB FOUNDATION SUPPORTS ACADEMIC PROGRAMS AND CLINICAL AND RESEARCH ACTIVITIES IN THE UNIVERSITY OF MARYLAND FRANCIS KING CAREY SCHOOL OF LAW (MARYLAND CAREY LAW). ESTABLISHED IN 1816, MARYLAND CAREY LAW BEGAN REGULAR INSTRUCTION IN 1824. IT IS THE THIRD OLDEST LAW SCHOOL IN THE NATION. THE INNOVATIVE ACADEMIC AND SPECIALTY PROGRAMS HAVE GARNERED NATIONAL AND INTERNATIONAL RECOGNITION. THE MARYLAND CAREY LAW'S EXPERIENTIAL PROGRAMS ARE AMONG THE MOST EXTENSIVE IN THE COUNTRY, INCLUDING THE NATIONALLY RANKED CLINICAL LAW PROGRAM, WHICH OFFERS MORE THAN 75,000 HOURS OF FREE LEGAL SERVICES TO THE STATE OF MARYLAND AND HAS BEEN IN EXISTENCE FOR MORE THAN 40 YEARS. INTERDISCIPLINARY SPECIALTY PROGRAMS ARE OFFERED IN ENVIRONMENTAL LAW AND LAW AND HEALTH CARE. OTHER PROGRAMS INCLUDE ADVOCACY, ALTERNATIVE DISPUTE RESOLUTION, BUSINESS LAW, INTELLECTUAL PROPERTY LAW AND INTERNATIONAL AND COMPARATIVE LAW. THE MARYLAND CAREY LAW SEEKS TO PROMOTE A MORE JUST SOCIETY BY EDUCATING OUTSTANDING LAWYERS AND LEADERS, ADVANCE THE UNDERSTANDING OF LAW AND LEGAL INSTITUTIONS AND ENHANCE ACCESS TO JUSTICE. EXCELLENCE IN TEACHING PREPARES STUDENTS FOR LEADERSHIP AND PROFESSIONAL SUCCESS IN A WIDE RANGE OF CAREERS AND PROMOTES IN BOTH STUDENTS AND FACULTY THE HIGHEST STANDARD OF PUBLIC AND PROFESSIONAL SERVICE.
    Expenses $5,112,208 · grants $4,445,019 · revenue $750
  • The University of Maryland School of Nursing (UMSON) was founded in 1889 and is one of the oldest and largest nursing schools in the nation. The mission of the School is to shape the profession of nursing by developing leaders in nursing education, research, and practice through excellent baccalaureate, graduate, and continuing education programs; cutting-edge science and research; and an innovative clinical enterprise. With an average annual enrollment of more than 2,000 students, UMSON is the largest nursing school in Maryland. Ninety-one percent of UMSON's 171 faculty members hold doctoral degrees and are nationally recognized as experts in teaching, research, and clinical practice. UMSON has an excellent record of recruiting and retaining a diverse student population: Currently, 12% of students are male and more than 60% reflect minority/underrepresented populations, exceeding national averages. More than 25,000 living alumni carry on the UMSON tradition of excellence in 50 states, 5 U.S. territories, and 28 countries. UMSON has students at two locations: at the University of Maryland, Baltimore and at the Universities of Shady Grove in Rockville, Maryland. U.S. News & World Report has ranked UMSON's Bachelor of Science in Nursing, Master of Science in Nursing (MSN) and Doctor of Nursing Practice (DNP) programs among the top 10 in the nation. Among public schools of nursing, the School's DNP Adult-Gerontology Primary Care Nurse Practitioner specialty is ranked No. 1, and its DNP Family Nurse Practitioner specialty is ranked No. 3. The MSN Nursing Leadership and Management specialty is ranked No. 1 for its in-person and online programs.
    Expenses $4,029,062 · grants $3,883,127
  • ALL OTHERS
    Expenses $4,487,694 · grants $3,199,351 · revenue $9,393
  • SOCIAL WORK
    Expenses $2,041,578 · grants $1,793,196
  • PHARMACY
    Expenses $1,974,059 · grants $1,467,567 · revenue $125
  • DENTISTRY
    Expenses $1,418,243 · grants $1,202,533 · revenue $1,835

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990 on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
31-1678679
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1999
Accounting year ends
June
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B110)
Assets (IRS master file)
$531,720,696
Income (IRS master file)
$77,110,486

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$77,039,974$41,883,783$531,720,696IRS
990June 2024$52,023,120$37,904,135$498,682,827IRS
990June 2023$53,946,958$37,318,380$470,520,325XML
990June 2022$64,089,840$33,980,712$444,522,086IRS
990June 2021–––IRS
990June 2020–––IRS
990June 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 31-1678679).

Questions about UNIVERSITY OF MARYLAND BALTIMORE FOUNDATION INC

What is the EIN of UNIVERSITY OF MARYLAND BALTIMORE FOUNDATION INC?
The employer identification number (EIN) of UNIVERSITY OF MARYLAND BALTIMORE FOUNDATION INC is 31-1678679.
Is UNIVERSITY OF MARYLAND BALTIMORE FOUNDATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1999.
Are donations to UNIVERSITY OF MARYLAND BALTIMORE FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does UNIVERSITY OF MARYLAND BALTIMORE FOUNDATION INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of UNIVERSITY OF MARYLAND BALTIMORE FOUNDATION INC due?
The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did UNIVERSITY OF MARYLAND BALTIMORE FOUNDATION INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended June 2025.
Who is the principal officer of UNIVERSITY OF MARYLAND BALTIMORE FOUNDATION INC?
The 990 for the year ended June 30, 2025 names PAM HECKLER.
Who are the officers and directors of UNIVERSITY OF MARYLAND BALTIMORE FOUNDATION INC?
The 990 for the year ended June 30, 2025 lists 31 people; 4 received compensation from the organization, the highest $583,125 (JAMES L HUGHES, PRESIDENT/CEO).
How much revenue does UNIVERSITY OF MARYLAND BALTIMORE FOUNDATION INC have?
On its 990 for the year ended June 30, 2025 it reported revenue of $77,039,974, expenses of $41,883,783 and total assets of $531,720,696 at year end.

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