University of Baltimore Foundation, Inc.
and University Properties, Inc.
Combined Statement of Financial Position
June 30, 2019 and 2018
| 2019 | 2018 | |
| ASSETS | ||
| Cash and Cash Equivalents | $ 9,853,058 | $ 9,081,729 |
| Investments | 57,691,405 | 56,538,000 |
| Pledges Receivable | 3,700,707 | 4,549,681 |
| Land and Buildings | 160,892 | 195,224 |
| Collections | 454,284 | 454,284 |
| Other | 91,630 | 91,775 |
| Total | $ 71,951,976 | $ 70,910,693 |
| LIABILITIES AND NET ASSETS | ||
| Liabilities | $ 1,362,405 | $ 1,931,728 |
| Net Assets | ||
| Without Donor Restrictions | 7,216,201 | 6,512,378 |
| With Donor Restrictions | 63,373,370 | 62,466,587 |
| Total Net Assets | 70,589,571 | 68,978,965 |
| Total | $ 71,951,976 | $ 70,910,693 |
University of Baltimore Foundation, Inc.
and University Properties, Inc.
Consolidated Statement of Activities
For the Years Ended June 30, 2018 and 2017
| 2019 | 2018 | |
| REVENUES | ||
| Contributions and Grants | $ 3,035,261 | $ 3,328,825 |
| Investment Return | 2,802,397 | 4,053,805 |
| Other Income | 182,009 | 178,069 |
| Total Revenues | 6,019,667 | 7,560,699 |
| EXPENSES | ||
| University Programs, Support and Scholarships | 3,643,488 | 3,577,112 |
| Management and General | 540,443 | 563,441 |
| Fundraising | 225,130 | 277,715 |
| Total Expenses | 4,409,061 | 4,418,268 |
| Change in Net Assets | $ 1,610,606 | $ 3,142,431 |