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EIN 81-2898004

UMGC Ventures

IRS 501(c) type
501(c)(3)
Num. employees
205
City
Bethesda
State
Maryland
Year formed
2016
Most recent tax filings
2022-06-01
NTEE code, primary
B12: Education Fund Raising and Fund Distribution
Description
UMUC Ventures is a supporting organization of University of Maryland Global College (UMGC) that provides innovative technology transformation services to educational organizations, the largest being UMGC. The purpose of UMUC Ventures is threefold: support UMGC's transformation into a future-focused institution; invest in and incubate new business ventures; and leverage the university's resources to create social and economic value.
Also known as...
Umuc Ventures
Total revenues
$43,421,101
2022
Total expenses
$39,820,634
2022
Total assets
$44,908,555
2022
Num. employees
205
2022

Program areas at UMGC Ventures

Umgc Ventures provides innovative technology transformation services to educational organizations, the largest being Umgc, through its own and its subsidiary, accelered, capabilities Umgc Ventures has provided a platform for the delivery of educational services that will serve the needs of higher educational institutions. Umgcv specialize in improving the technology infrastructure, software and framework of educational organizations, allowing them to focus on the production and delivery of distance, and on-line learning to students worldwide. Umgc Ventures helps educational institutions transform themselves into effective, efficient and well integrated organizations that are then able to focus on content development and service delivery.

Personnel at UMGC Ventures

NameTitleCompensation
Michael FoleyDirector / Board Member$156,788
Wendelin ColbyChief Executive Officer$402,192
Tracy HarrisChief Financial Officer$309,448
Anne KottmeierChief Product Officer$252,147
Jason GriffithChief Architect$169,429
...and 16 more key personnel

Financials for UMGC Ventures

RevenuesFYE 06/2022
Total grants, contributions, etc.$0
Program services$43,255,258
Investment income and dividends$165,843
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$43,421,101

Form 990s for UMGC Ventures

Fiscal year endingDate received by IRSFormPDF link
2021-062022-05-09990View PDF
2020-062021-05-26990View PDF
2019-062021-01-21990View PDF
2018-062019-11-04990View PDF
2017-062018-10-16990View PDF
Data update history
July 3, 2023
Updated personnel
Identified 11 new personnel
May 12, 2023
Updated personnel
Identified 1 new personnel
May 11, 2023
Updated personnel
Identified 4 new personnel
May 9, 2023
Used new vendors
Identified 3 new vendors, including , , and
August 22, 2021
Posted financials
Added Form 990 for fiscal year 2019
Nonprofit Types
Grantmaking organizationsBusiness and community development organizationsSchoolsResearch centersHeadquarter / parent organizationsCharities
Issues
Science and technologyEducation
Characteristics
Conducts researchLobbyingState / local levelTax deductible donations
General information
Address
7315 Wisconsin Ave Suite 400
Bethesda, MD 20814
Metro area
Washington-Arlington-Alexandria, DC-VA-MD-WV
County
Montgomery County, MD
Website URL
umgcventures.org/ 
Phone
(301) 990-7898
IRS details
EIN
81-2898004
Fiscal year end
June
Taxreturn type
Form 990
Year formed
2016
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
B12: Education Fund Raising and Fund Distribution
NAICS code, primary
5112: Software Publishers
Parent/child status
Central organization
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