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Umb Health Sciences Research Park Corporation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 141875043 ✦ Baltimore, MD ✦ Designated as a 501(c)(3)

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

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.

Here 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 are 1 employees at Umb Health Sciences Research Park Corporation.

Here are 13 key members and their salaries:

    James L Hughes (Ex Officio Director/Presid)
  • Compensation: $0
  • Related: $419,216
  • Other: $43,270

    • Jane M Shaab (Ex Officio Dir., Senior Vp) [Trustee/Director]
  • Compensation: $0
  • Related: $234,453
  • Other: $15,999

    • Linda Cassard (Treasurer)
  • Compensation: $188,475
  • Related: $0
  • Other: $0

    • John M Prugh (Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • John M Hamilton (Audit Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Dr David L Dalton (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Harold E Chappelear (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Richard J Himelfarb (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Honorable Janet S Owens (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Marilynn K Duker (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • David Hickey (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Rachel K King (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Guy Filippelli (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.umbbiopark.com

    Where can I find the form 990 for Umb Health Sciences Research Park Corporation?

    The 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.

    Impact

    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.




    Thursday, August 15, 2024

    Umb Health Sciences Research Park Corporation's impact lies in its unwavering support of the missions of the University of Maryland, Baltimore (UMB) through the creation and maintenance of the University of Maryland Biopark. By holding, leasing, managing, and administering the Biopark and related properties, this organization plays a crucial role in facilitating and enhancing the educational, research, and support activities conducted by and on behalf of UMB. The presence of the Biopark contributes significantly to the advancement of healthcare, biotechnology, and life sciences industries in the region, bolstering economic development and attracting top talent to the area. In essence, Umb Health Sciences Research Park Corporation's efforts have a direct and positive impact on community improvement, innovation, and scientific progress.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $41,908
  • Program Service Revenue: $0
  • Gross Receipts: $3,868,516

    • Assets and Liabilities:
  • Total Assets: $16,212,488
  • Total Liabilities: $1,382,335
  • Net Assets: $14,830,153
  • Organization Details

    Founding Year

    2003

    Principal Officer

    Linda Cassard

    Main Address

    620 W LEXINGTON STREET 4TH FLOOR, BALTIMORE, MD, 21201

    NTEE Category

    Code: S11 - Community improvement

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