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Printable Form 990-PF Hayward California: What You Should Know
The University spent 60,000 toward the stadium project and is funding the remaining cost, 100,000 according to the 2023 tax year. During the 2013/2014 school year UMP DP gave 90,000 to support the UMBER Student Council, another new student organization which was founded in April 2013.” 70,000 raised and spent on stadium. 15,000 for UMP DP student club. 50,000 for UMP DP Scholarship Fund. 50,000 for football coaches. 70,000 for stadium. 15,000 for UMBER student council. 60,000 for stadium 80,000 for football coaches 75,000 for stadium costs (2013/2014) 15,000 for UMP DP student council 70,000 for stadium costs (2013/2014) University of Maryland, College Park and the Maryland Stadium Authority signed an agreement for the construction of a stadium for the University of Maryland College Park. The agreement is between the University of Maryland, College Park and the Maryland Stadium Authority, Inc., an entity of the Maryland Public Service Commission. The project began in April 2023 and is estimated to be completed in May 2016. At the time the agreement was signed two universities were interested in constructing a stadium for College Park. The University of Maryland College Park also considered a partnership with the UMP DP and College Park Community College for the stadium. The agreement with the University of Maryland College Park specifically states that each party is responsible for any and all financial and operational guarantees and commitments and not to share those guarantees and commitments with one another for the duration of the agreement (see Exhibit A). The agreement also requires the Universities to submit an annual disclosure report containing information regarding its stadium project and any ongoing or planned partnerships with other universities. The report is due to the Stadium Authority annually on March 1. “ Exhibit A. Agreement with MCP and the Maryland Stadium Authority, Inc. for the construction of a 70 Million Student Club Stadia at the University of Maryland, College Park. (Page 4) The agreement also mandates that the Stadium Authority will be paid in three equal monthly installments in arrears commencing on April 1, 2017, through August 1, 2023 (see Exhibit B).
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