{"id":789,"date":"2024-02-13T21:13:01","date_gmt":"2024-02-13T21:13:01","guid":{"rendered":"https:\/\/blogs.ubalt.edu\/annualreport\/?p=789"},"modified":"2024-02-13T21:13:01","modified_gmt":"2024-02-13T21:13:01","slug":"financials-2023","status":"publish","type":"post","link":"https:\/\/blogs.ubalt.edu\/annualreport\/2024\/02\/13\/financials-2023\/","title":{"rendered":"Financials 2023"},"content":{"rendered":"\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\u00a0<\/strong><\/td>\n\n

University of Baltimore Foundation, Inc. and University Properties, Inc.
\nCombined Statement of Financial Position
\n<\/strong>June 30, 2022 and 2023<\/strong><\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 2023<\/strong><\/td>\n\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 2022<\/strong><\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
ASSETS<\/strong><\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
Cash and Cash Equivalents<\/td>\n\u00a0$\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 15,377,686<\/td>\n\u00a0$\u00a0 \u00a0 \u00a0 16,847,625<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
Investments<\/td>\n\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a075,647,120<\/td>\n\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 66,918,820<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
Pledges Receivable<\/td>\n\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 5,991,717<\/td>\n\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 5,837,351<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
Land and Buildings<\/td>\n\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0113,567<\/td>\n\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 122,065<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
Collections<\/td>\n\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0454,284<\/td>\n\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 454,284<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
Other<\/td>\n\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0100,383<\/td>\n\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 148,310<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
Total<\/strong><\/td>\n\u00a0$\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a097,684,757<\/strong><\/td>\n\u00a0$\u00a0 \u00a0 \u00a0 90,328,455<\/strong><\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
LIABILITIES AND NET ASSETS<\/strong><\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
Liabilities<\/td>\n\u00a0$\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 1,811,807<\/td>\n\u00a0$\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 1,438,845<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
Net Assets<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
\u00a0 Without Donor Restrictions<\/td>\n\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a09,985,699<\/td>\n\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 8,664,256<\/td>\n<\/tr>\n
\u00a0 With Donor Restrictions<\/td>\n\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a085,887,251<\/td>\n\u00a0 \u00a0 \u00a0 \u00a0 80,225,354<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
Total Net Assets<\/td>\n\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a095,872,950<\/td>\n\u00a0 \u00a0 \u00a0 \u00a0 88,889,610<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
Total<\/strong><\/td>\n\u00a0$\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 97,684,757<\/strong><\/td>\n\u00a0$\u00a0 \u00a0 \u00a0 90,328,455<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\u00a0<\/strong><\/td>\n\n

University of Baltimore Foundation, Inc. and University Properties, Inc.
\nCombined Statement of Activities
\nFor the Years Ended
\n<\/strong>June 30, 2022 and 2023<\/strong><\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 2023<\/strong><\/td>\n\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 2022<\/strong><\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
REVENUES<\/strong><\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
Contributions and Grants<\/td>\n\u00a0$\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a06,644,300<\/td>\n\u00a0$\u00a0 \u00a0 \u00a0 \u00a0 5,590,421<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
Investment Return<\/td>\n\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 5,811,936<\/td>\n\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 (6,450,126)<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
Other Income<\/td>\n\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 80,468<\/td>\n\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 16,303<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
Total Revenues<\/strong><\/td>\n\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 12,536,704<\/td>\n\u00a0 \u00a0 \u00a0 \u00a0 (843,402)<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
EXPENSES<\/strong><\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
University Programs, Support and Scholarships<\/td>\n\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 4,341,340<\/td>\n\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 4,013,113<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
Management and General<\/td>\n\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0846,694<\/td>\n\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 603,612<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
Fundraising<\/td>\n\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0365,330<\/td>\n\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 344,673<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
Total Expenses<\/strong><\/td>\n\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a05,553,364<\/td>\n\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 4,961,398<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
Change in Net Assets<\/strong><\/td>\n$\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 6,983,340<\/td>\n$\u00a0 \u00a0 \u00a0 (5,804,800)<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

To request a printed copy of the annual report\u2019s financials, contact Gigi Ippolito at 410.837.6157 or gippolito@ubalt.edu.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

\u00a0 University of Baltimore Foundation, Inc. and University Properties, Inc. Combined Statement of Financial Position June 30, 2022 and 2023 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 2023 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 2022 ASSETS Cash and Cash Equivalents \u00a0$\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 15,377,686 \u00a0$\u00a0 \u00a0 \u00a0…<\/p>\n","protected":false},"author":4729,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[],"_links":{"self":[{"href":"https:\/\/blogs.ubalt.edu\/annualreport\/wp-json\/wp\/v2\/posts\/789"}],"collection":[{"href":"https:\/\/blogs.ubalt.edu\/annualreport\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs.ubalt.edu\/annualreport\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs.ubalt.edu\/annualreport\/wp-json\/wp\/v2\/users\/4729"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs.ubalt.edu\/annualreport\/wp-json\/wp\/v2\/comments?post=789"}],"version-history":[{"count":1,"href":"https:\/\/blogs.ubalt.edu\/annualreport\/wp-json\/wp\/v2\/posts\/789\/revisions"}],"predecessor-version":[{"id":790,"href":"https:\/\/blogs.ubalt.edu\/annualreport\/wp-json\/wp\/v2\/posts\/789\/revisions\/790"}],"wp:attachment":[{"href":"https:\/\/blogs.ubalt.edu\/annualreport\/wp-json\/wp\/v2\/media?parent=789"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs.ubalt.edu\/annualreport\/wp-json\/wp\/v2\/categories?post=789"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs.ubalt.edu\/annualreport\/wp-json\/wp\/v2\/tags?post=789"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}