2023-11-15T10:23:03-06:00 2022-12-31 420714325 RSM US LLP 4 TIMES SQUARE NEW YORK NY 10036 990 2022-01-01 472578950 UMA EDUCATION INC UMAE 8138982588 9309 NORTH FLORIDA AVENUE 100 TAMPA FL 33612 THOMAS RAMETTA PRESIDENT 8138982588 2023-11-14 1 THOMAS RAMETTA XXX-XX-XXXX 0 LYNNE JOHNSON P00757336 2123721000 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z SEE SCHEDULE O THOMAS RAMETTA 9309 NORTH FLORIDA AVENUE 100 TAMPA FL 33612 399528783 0 X WWW.ULTIMATEMEDICAL.EDU X 2014 DE SEE SCHEDULE O 9 8 2502 0 95722 7715 0 0 321071758 316602172 113403 75397078 -608815 -341798 320576346 391657452 9705125 4906716 0 0 146319507 136017695 0 0 0 149929336 150465939 305953968 291390350 14622378 100267102 547011615 619812684 393986009 363310405 153025606 256502279 X SEE SCHEDULE OUMA EDUCATION, INC. OPERATES ULTIMATE MEDICAL ACADEMY, AN EDUCATIONAL INSTITUTION COMMITTED TO EQUIPPING AND EMPOWERING STUDENTS FOR HEALTHCARE CAREERS. HEADQUARTERED IN TAMPA AND HAVING A NATIONAL PRESENCE, THE ORGANIZATION STRIVES TO PROVIDE A LEARNING EXPERIENCE THAT MAXIMIZES VALUE FOR OUR STUDENTS IN A PROFESSIONAL AND SUPPORTIVE ENVIRONMENT. 0 0 253414808 4906716 316697894 SCHEDULE O THE ORGANIZATION PROVIDES PROGRAMS THAT PREPARE STUDENTS FOR ROLES IN THE HEALTHCARE INDUSTRY. THE ORGANIZATION'S STUDENT POPULATION FOR SUCH PROGRAMS WAS APPROXIMATELY 14,410 AS OF DECEMBER 31, 2022, WITH APPROXIMATELY 310 ACTIVE FACULTY STAFF MEMBERS.SPECIFICALLY, THE ORGANIZATION OFFERS THE FOLLOWING PROGRAMS:-ASSOCIATE DEGREE PROGRAMS HEALTH AND HUMAN SERVICES HEALTH INFORMATION MANAGEMENT HEALTHCARE ACCOUNTING HEALTHCARE MANAGEMENT HEALTH SCIENCE MEDICAL BILLING AND CODING-DIPLOMA PROGRAMS DENTAL ASSISTANT WITH EXPANDED FUNCTIONS EMERGENCY MEDICAL TECHNICAN MEDICAL ADMINISTRATIVE ASSISTANT MEDICAL ASSISTANT MEDICAL BILLING AND CODING MEDICAL OFFICE AND BILLING SPECIALIST NURSING ASSISTANT PATIENT CARE TECHNICIAN PHLEBOTOMY TECHNICIANTHE ORGANIZATION PROVIDES ROBUST LEARNER AND CAREER SERVICES TO HELP PRODUCE STRONG OUTCOMES FOR ITS STUDENTS. SUCH SERVICES INCLUDE TUTORING, MENTORING, LIFE SKILLS COACHING, FINANCIAL LITERACY TRAINING, CAREER READINESS PREPARATION, AND JOB PLACEMENT ASSISTANCE.THE ORGANIZATION ALSO PROVIDES NUMEROUS CONTINUING MEDICAL EDUCATION ACTIVITIES FOR HEALTHCARE PROFESSIONALS IN BOTH LIVE AND ONLINE SETTINGS. THESE ACTIVITIES DIFFER FROM YEAR TO YEAR GIVEN THE EDUCATIONAL NEEDS OF PHYSICIANS, NURSES, PHARMACISTS, AND OTHER MEDICAL PROFESSIONALS. 253414808 1 0 0 1 0 0 0 0 0 0 1 0 0 1 1 1 0 1 1 0 0 0 0 0 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 1 389 0 1 2502 1 1 1 0 0 0 0 0 0 0 0 0 1 0 X 9 8 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 1 1 FL OK X NICOLE ANZUONI EVP CHIEF LEGAL 8138982588 9309 NORTH FLORIDA AVENUE 100 TAMPA FL 33612 X RAMETTA THOMAS PRESIDENT 40.00 2.00 X X 1381967 0 37307 BAILEY DARLYNE CHAIR OF THE BOARD 15.00 3.00 X X 70000 0 0 POLIN THEODORE L VICE CHAIR OF THE BOARD 10.00 2.00 X X 60000 0 0 CAMPBELL HUGH BOARD MEMBER 10.00 2.00 X 58333 0 0 MINCEY KAREN BOARD MEMBER 10.00 2.00 X 58333 0 0 WALL WILLIAMS SAUNDRA BOARD MEMBER 10.00 2.00 X 58333 0 0 BURGHARDT STEPHEN BOARD MEMBER 10.00 2.00 X 50000 0 0 HAWK CHRISTOPHER MD BOARD MEMBER 10.00 2.00 X 50000 0 0 MCDEVITT SHEILA BOARD MEMBER 10.00 2.00 X 50000 0 0 SCHAFFRATH ALEXANDRA EVP & CHIEF FIN. & STRATEGY OFFICER 40.00 2.00 X 721289 0 39181 MIGNONE LINDA EXEC. VP & CHIEF MKT. OFFICER 40.00 0.00 X 734887 0 14922 ANZUONI NICOLE M EVP CHIEF LEGAL & PEOPLE OFFICER / CORP. SEC. 40.00 2.00 X 723231 0 20048 HYLAND ROBERT G EXECUTIVE VICE PRESIDENT (UNTIL 10/3/2022) 40.00 0.00 X 636442 0 24934 REESE JEFFREY B ASSOC. GEN. COUNSEL/ASST. CORP. SEC. 40.00 2.00 X 182552 0 3011 MUELLER GREGORY SVP, OPERATIONS 40.00 0.00 X 604379 0 13936 NEUMANN APRIL EXECUTIVE VICE PRESIDENT (FROM 12/4/2022) 40.00 0.00 X 575777 0 12767 EDWARDS SUSAN A CHIEF COMPLIANCE OFFICER 40.00 0.00 X 546291 0 31039 SARRETT SCOTT SVP STUDENT ENGAGEMENT 40.00 0.00 X 445627 0 26226 NELSON ERIK K SENIOR DIRECTOR OF STRATEGY 40.00 0.00 X 406605 0 21665 MONDOR SONIA VP FP&A 40.00 0.00 X 399612 0 8538 DONAHUE DAVID A SVP, CHIEF ORG WELLNESS & SAFETY 40.00 0.00 X 339441 0 15471 KENDALL SITARSKI LAURA K SR. COUNSEL(FORMER ASST.SEC. 6/3/17) 0.00 0.00 X 243288 0 1432 BECKER MICHAEL FORMER SVP STUDENT ENGAGEMENT 0.00 0.00 X 404202 0 0 GRZYBOWSKI ANDREW FORMER VICE PRESIDENT 0.00 40.00 X 0 787061 7547 GUERRIERO JOHN FORMER DIR. ADVOCACY & PARTNERSHIPS 0.00 40.00 X 0 543368 2014 8800589 1330429 280038 136 1 1 0 GOOGLE INC 1600 AMPHITHEATRE PKWY MOUNTAIN VIEW CA 94043 RECRUITING SUPPORT 9811959 ANSWERS IN CME INC 71 BROADWAY 2B STE 185 NEW YORK NY 10006 CME ACTIVITIES 8611133 ADHERE INC 12555 W JEFFERSON BLVD STE 202 LOS ANGELES CA 90066 RECRUITING SUPPORT 7554227 STAPLES TECHNOLOGY SOLUTIONS PO BOX 95230 CHICAGO IL 60694 STUDENT/EMPLOYEE SUPPORT 6283622 PLATFORMQ HEALTH EDUCATIO 100 CRESENT RD NEEDHAM MA 02494 CME ACTIVITIES 5889900 37 TUITION REVENUE 611210 268856063 268856063 CONTINUING MEDICAL EDU 611210 33374085 33374085 CME - OTHER 611430 14372024 14372024 316602172 1225878 1225878 1502641 2035883 -533242 -533242 -533242 2025888 77980760 2042038 3793410 -16150 74187350 74171200 74171200 ADMINISTRATIVE SERVICE 561000 191444 95722 95722 191444 391657452 316697894 95722 74863836 122776 122776 4783940 4783940 6297630 3238890 3058740 110631052 95415656 15215396 815424 745554 69870 10024030 8666075 1357955 8249559 7378448 871111 1191743 1191743 488012 488012 22414 22414 10626801 7366574 3260227 47727559 47701095 26464 1058790 813790 245000 6826541 3005838 3820703 5716722 5399621 317101 469727 185115 284612 468548 183386 285162 11546667 11546667 3390100 3390100 954186 929843 24343 CME ACTIVITY 26567804 19703593 6864211 UNCOLLECTIBLE DEBTS 18389022 18389022 EDUCATIONAL SUPPLIES 8232641 8232641 TEXTBOOKS 5336310 5336310 1452352 879874 572478 291390350 253414808 37975542 0 111207777 48167419 25001253 104707329 18080761 18771917 960222 851756 11308052 16375649 40475459 27881017 14405193 12594442 50440783 2085817 311908787 311708787 52053753 56194602 547011615 619812684 42539494 32239268 7657934 4938302 45403461 40400968 181909908 174167237 523177 72068326 72162078 43883709 39402552 393986009 363310405 X 153025606 256502279 153025606 256502279 547011615 619812684 X 100267102 -2194281 5403852 X 0 1 X 1 1 1 X 0 0 0 0 0 0 293426233 293426233 0 1000000 0 250000 0 0 0 1000000 1000000 1000000 1000000 4000000 6000000 250000 250000 250000 250000 1000000 1500000 PART II-A: THE ORGANIZATION HAS CONTRACTS WITH PRIVATE COMPANIES WHO PROVIDED INFORMATION TO UMA EDUCATION, INC. ON FEDERAL AND STATE EXECUTIVE AND LEGISLATIVE MATTERS DURING 2022 AND WHO INTRODUCED UMA EDUCATION, INC. TO VARIOUS FEDERAL AND STATE LEGISLATORS AND PROVIDED INFORMATION ABOUT UMA EDUCATION TO SUCH LEGISLATORS. THESE PRIVATE COMPANIES RECEIVED TOTAL PAYMENTS OF $112,891 FROM THE ORGANIZATION. THE ORGANIZATION ALSO PAYS DUES TO TRADE ASSOCIATIONS, SOME OF WHICH MAY BE USED FOR LOBBYING PURPOSES. 11721959 6447027 5274932 11860996 10096535 1764461 16892504 11337455 5555049 12594442 DEPOSITS 626923 DEBT SERVICE RESERVE FUND 19179999 RIGHT OF USE ASSETS HELD UNDER OPERATING LEASES, NET 27888724 SUBLEASE RECEIVABLE 934956 LONG TERM ESCROW 7564000 56194602 OPERATING LEASE OBLIGATIONS 39402552 39402552 X PART X, LINE 2: THE ORGANIZATION IS A NOT-FOR-PROFIT CORPORATION THAT IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE ("IRC") WHEREBY ONLY UNRELATED BUSINESS INCOME AS DEFINED BY SECTION 512(A)(1) OF THE IRC IS SUBJECT TO FEDERAL INCOME TAX. ANY TAX ON THE UNRELATED BUSINESS ACTIVITIES IS NOT SIGNIFICANT TO THE CONSOLIDATED FINANCIAL STATEMENTS. ACCORDINGLY, NO PROVISION OR LIABILITY FOR FEDERAL OR STATE INCOME TAXES IS RECORDED IN THE CONSOLIDATED FINANCIAL STATEMENTS. THE FASB REQUIRES MANAGEMENT TO ANNUALLY EVALUATE THE ORGANIZATION'S TAX POSITIONS, INCLUDING ACCOUNTING AND MEASUREMENT OF UNCERTAIN TAX POSITIONS. FOR THE YEAR ENDED DECEMBER 31, 2022, MANAGEMENT CONCLUDED THAT NO UNCERTAIN TAX POSITIONS HAD BEEN TAKEN THAT WOULD REQUIRE ADJUSTMENT TO OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS. WITH FEW EXCEPTIONS, THE ORGANIZATION IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY FEDERAL, STATE, OR LOCAL TAX AUTHORITIES FOR YEARS BEFORE 2019. 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 UMA IS A DESIGNATED MINORITY SERVING INSTITUTION. THE ORGANIZATION PUBLICIZES ITS RACIALLY NONDISCRIMINATORY POLICY THROUGH ITS SCHOOL CATALOG AND ON ITS OWN WEBSITE. THE ORGANIZATION PROVIDES POST-SECONDARY EDUCATION TO STUDENTS DRAWN FROM A WIDE GEOGRAPHIC AREA AND A SUBSTANTIAL PERCENTAGE OF ITS STUDENT BODY REPRESENTS MINORITY POPULATIONS IN THE US. SCHEDULE E, PART I, LINE 4 UMA EDUCATION, INC. CURRENTLY DOES NOT SOLICIT CONTRIBUTIONS. LINE 6 - EXPLANATION OF GOVERNMENT FINANCIAL AID: THE ORGANIZATION RECEIVES FUNDS FROM GOVERNMENTAL AGENCIES, INCLUDING THE U.S. DEPARTMENT OF EDUCATION. IN APRIL 2020, UMAE'S CLEARWATER, FLORIDA CAMPUS WAS AWARDED A STUDENT PORTION AND AN INSTITUTIONAL PORTION THROUGH THE HIGHER EDUCATION EMERGENCY RELIEF FUND ("HEERF") AS PART OF THE CORONAVIRUS AID, RELIEF, AND ECONOMIC SECURITY ACT (THE "CARES ACT"). AS PART OF THIS HEERF I AWARD, THE STUDENT PORTION WAS DISTRIBUTED TO ELIGIBLE STUDENTS WHO DEMONSTRATED NEED. WHILE THE INSTITUTIONAL PORTION COULD BE USED FOR IDENTIFIED INSTITUTIONAL PURPOSES, UMAE OPTED TO USE ALL OF THE INSTITUTIONAL PORTION FOR STUDENT GRANTS AS WELL. AS OF DECEMBER 31, 2020, UMAE HAD DISTRIBUTED ALL OF THE STUDENT PORTION TO ELIGIBLE STUDENTS WHO DEMONSTRATED NEED AND AS OF DECEMBER 31, 2021, UMAE FULLY DISTRIBUTED THE INSTITUTIONAL PORTION TO ELIGIBLE STUDENTS WHO DEMONSTRATED NEED. THE FUNDS RELATED TO AMOUNTS GIVEN TO STUDENTS AT THE CLEARWATER, FLORIDA CAMPUS ARE RECORDED AS ZERO NET REVENUE SINCE THERE IS NO EFFECT ON UMAE'S RESULTS OF OPERATIONS OR CASH. IN DECEMBER 2020, UMAE WAS ALLOCATED AN ADDITIONAL STUDENT PORTION AND INSTITUTIONAL PORTION UNDER HEERF II, AS PART OF THE CORONAVIRUS RESPONSE AND RELIEF SUPPLEMENTAL APPROPRIATIONS ACT ("CRRSAA"). THESE AMOUNTS WERE CALCULATED BY THE UNITED STATES DEPARTMENT OF EDUCATION BASED ON THE STUDENT POPULATION AT BOTH UMAE'S CLEARWATER, FLORIDA, AND ONLINE CAMPUSES. DURING THE YEAR ENDING DECEMBER 31, 2021, UMAE DISTRIBUTED A PORTION OF THE FUNDS RECEIVED UNDER HEERF II TO STUDENTS WHO DEMONSTRATED NEED. DURING THE YEAR ENDING DECEMBER 31, 2022, UMAE EXPENSED THE REMAINING FUNDS RECEIVED UNDER THE HEERF II FOR INSTITUTIONAL PURPOSES PERMITTED UNDER APPLICABLE GUIDANCE. THE FUNDS RELATED TO AMOUNTS GIVEN TO STUDENTS ARE RECORDED AS ZERO NET REVENUE SINCE THERE IS NO EFFECT ON UMAE'S RESULTS OF OPERATIONS OR CASH. IN MARCH 2021, UMAE WAS ALLOCATED AN ADDITIONAL STUDENT PORTION AND AN ADDITIONAL INSTITUTIONAL PORTION UNDER HEERF III AS PART OF THE AMERICAN RESCUE PLAN ACT ("ARP"). THESE ALLOCATION AMOUNTS WERE CALCULATED BY THE U.S. DEPARTMENT OF EDUCATION BASED ON THE STUDENT POPULATION AT BOTH UMAE'S CLEARWATER, FLORIDA AND ONLINE CAMPUSES. DURING THE YEAR ENDING DECEMBER 31, 2022, UMAE DISTRIBUTED HEERF III REMAINING STUDENT PORTION TO ELIGIBLE STUDENTS WHO DEMONSTRATED NEED. THE FUNDS RELATED TO AMOUNTS GIVEN TO STUDENTS ARE RECORDED AS ZERO NET REVENUE SINCE THERE IS NO EFFECT ON UMAE'S RESULTS OF OPERATIONS OR CASH. DURING THE YEAR ENDING DECEMBER 31, 2022, UMAE EXPENSED THE ENTIRE HEERF III INSTITUTIONAL PORTION FOR INSTITUTIONAL PURPOSES PERMITTED UNDER APPLICABLE GUIDANCE. UMAE ALSO RECEIVED ADDITIONAL HEERF INSTITUTIONAL FUNDS BASED ON UMAE'S STATUS AS A MINORITY SERVING INSTITUTION ("MSI"). DURING THE YEAR ENDING DECEMBER 31, 2022, UMAE DREW-DOWN THE REMAINING MSI HEERF FUNDS AND APPLIED THEM TO AN ALLOWABLE INSTITUTIONAL EXPENSE PERMITTED UNDER APPLICABLE GUIDANCE. 1 AMERICAN CANCER SOCIETY INC 250 WILLIAMS ST ATLANTA GA 30303 131788491 501(C)(3) 15000 0 DE&I SPONSORSHIP AMERICAN HEART ASOCIATION INC 7272 GREENVILLE AVENUE DALLAS TX 75231 135613797 501(C)(3) 42376 0 CONTRIBUTION FOR "2023 TAMPA BAY GO RED FOR WOMEN" AMERICAN RED CROSS 431 18TH STREET NW WASHINGTON DC 20006 530196605 501(C)(3) 10000 0 HURRICANE IAN DONATION FEEDING TAMPA BAY 4702 TRANSPORT DR BLDG 6 TAMPA FL 33605 592116576 501(C)(3) 14600 0 CONTRIBUTION FOR GENERAL PURPOSE FAPSC FOUNDATION 777 NORTH ASHLEY DRIVE UNIT 1310 TAMPA FL 33602 842419350 501(C)(3) 25000 0 CONTRIBUTION FOR GENERAL PURPOSE CORPORATION TO DEVELOP COMMUNITIES OF TAMPA INC 1907 E HILLSBOROUGH AVE STE 100 TAMPA FL 33610 593150608 501(C)(3) 5500 0 2022 CHAMPION GALA SPONSORSHIP 6 UMA INSTITUTIONAL GRANTS TO STUDENTS 3691 4783940 PART I, LINE 2: CASH OR NON-CASH DONATIONS TO DOMESTIC ORGANIZATIONS ARE MONITORED BY SENIOR MANAGEMENT AND THE FINANCE DEPARTMENT TO ENSURE APPROPRIATENESS OF USE OF FUNDS AND ADHERENCE TO THE ORGANIZATION'S PHILANTROPIC MISSION. THE AWARDING OF UMA INSTITUTIONAL GRANTS IS MONITORED BY OUR STUDENT FINANCE DEPARTMENT WHICH ESTABLISHES AND MAINTAINS EFFECTIVE INTERNAL CONTROLS OVER COMPLIANCE WITH THE REQUIREMENTS OF THE INSTITUTIONAL GRANTS. ALL STUDENTS RECEIVING GRANTS ARE JUDGED WORTHY BY THE INSTITUTION'S ASSESSMENT ON THE BASIS OF THE ELIGIBILITY REQUIREMENTS, SUCH AS ACADEMIC ACHIEVEMENT AND FINANCIAL NEED. 1 X X X X 1 0 0 0 0 0 0 0 0 RAMETTA THOMAS PRESIDENT 661948 0 720019 0 0 0 6685 0 30622 0 1419274 0 0 0 GRZYBOWSKI ANDREW FORMER VICE PRESIDENT 0 214444 0 572132 0 485 0 6100 0 1447 0 794608 0 0 SCHAFFRATH ALEXANDRA EVP & CHIEF FIN. & STRATEGY OFFICER 426869 0 294420 0 0 0 4411 0 34770 0 760470 0 0 0 MIGNONE LINDA EXEC. VP & CHIEF MKT. OFFICER 429793 0 302694 0 2400 0 4339 0 10583 0 749809 0 0 0 ANZUONI NICOLE M EVP CHIEF LEGAL & PEOPLE OFFICER / CORP. SEC. 425648 0 296897 0 686 0 513 0 19535 0 743279 0 0 0 HYLAND ROBERT G EXECUTIVE VICE PRESIDENT (UNTIL 10/3/2022) 339677 0 296765 0 0 0 3067 0 21867 0 661376 0 0 0 MUELLER GREGORY SVP, OPERATIONS 370490 0 230170 0 3719 0 3867 0 10069 0 618315 0 0 0 NEUMANN APRIL EXECUTIVE VICE PRESIDENT (FROM 12/4/2022) 362791 0 212986 0 0 0 3462 0 9305 0 588544 0 0 0 EDWARDS SUSAN A CHIEF COMPLIANCE OFFICER 359849 0 185357 0 1085 0 3398 0 27641 0 577330 0 0 0 GUERRIERO JOHN FORMER DIR. ADVOCACY & PARTNERSHIPS 0 159124 0 384215 0 29 0 722 0 1292 0 545382 0 0 SARRETT SCOTT SVP STUDENT ENGAGEMENT 298963 0 146664 0 0 0 1038 0 25188 0 471853 0 0 0 NELSON ERIK K SENIOR DIRECTOR OF STRATEGY 206173 0 200000 0 432 0 2130 0 19535 0 428270 0 0 0 MONDOR SONIA VP FP&A 273142 0 123772 0 2698 0 1166 0 7372 0 408150 0 0 0 BECKER MICHAEL FORMER SVP STUDENT ENGAGEMENT 750 0 0 0 403452 0 0 0 0 0 404202 0 0 0 DONAHUE DAVID A SVP, CHIEF ORG WELLNESS & SAFETY 171217 0 166815 0 1409 0 1601 0 13870 0 354912 0 0 0 KENDALL SITARSKI LAURA K SR. COUNSEL(FORMER ASST.SEC. 6/3/17) 211272 0 32016 0 0 0 1075 0 357 0 244720 0 0 0 REESE JEFFREY B ASSOC. GEN. COUNSEL/ASST. CORP. SEC. 157467 0 24629 0 456 0 2270 0 741 0 185563 0 0 0 PART I, LINE 4A BECKER, MICHAEL, SENIOR VICE PRESIDENT - STUDENT ENGAGEMENT, LEFT THE POSITION IN DECEMBER 2021. HE RECEIVED $403,452 IN PAYMENT UNDER A SEPARATION AGREEMENT DURING THE CALENDAR YEAR 2022 AND IT IS REPORTED IN PART II, COLUMN (B)(II) AND (III). A PUBLIC FINANCE AUTHORITY 273866124 74442PMU6 2019-12-19 187658921 SEE PART VI 0 0 0 A 6245000 187658921 13862093 2732854 109145 170954829 0 1 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 1 0 0 0 0 0 0 1 A 1 PART I, COLUMN (F): TO REFINANCE THE COSTS OF THE ACQUISITION OF THE ASSETS THAT COMPRISE THE HEALTHCARE EDUCATIONAL INSTITUTION KNOWN AS ULTIMATE MEDICAL ACADEMY. PART II, LINE 11: AMOUNT OF SERIES 2019A BOND USED TO REFINANCE A PORTION OF THE ACQUISITION NOTE. PART II, LINE 13: THE PROCEEDS OF THE BONDS WERE APPLIED TO REFINANCE TAXABLE DEBT AND ACCORDINGLY, THE SUBSTANTIAL COMPLETION DATE IS NOT APPLICABLE. FORM 990, PART I, ITEM C DBA: COMPLETE CONFERENCE MANAGEMENT DBA: GLOBAL EDUCATION GROUP DBA: MED LEARNING GROUP DBA: ULTIMATE MEDICAL ACADEMY FORM 990, PART I, LINE 1, DESCRIPTION OF ORGANIZATION MISSION: UMA EDUCATION, INC. OPERATES ULTIMATE MEDICAL ACADEMY, AN EDUCATIONAL INSTITUTION COMMITTED TO EQUIPPING AND EMPOWERING STUDENTS FOR HEALTHCARE CAREERS. HEADQUARTERED IN TAMPA AND HAVING A NATIONAL PRESENCE, THE ORGANIZATION STRIVES TO PROVIDE A LEARNING EXPERIENCE THAT MAXIMIZES VALUE FOR OUR STUDENTS IN A PROFESSIONAL AND SUPPORTIVE ENVIRONMENT. THE ORGANIZATION OFFERS CONTENT-RICH, INTERACTIVE ONLINE COURSES AS WELL AS HANDS-ON TRAINING AT ITS CAMPUSES. THE ORGANIZATION OFFERS ITS STUDENTS EXTENSIVE ACADEMIC ADVISING, ONE-ON-ONE OR GROUP TUTORING, RESUME AND INTERVIEW COACHING, JOB SEARCH ASSISTANCE, TECHNICAL SUPPORT AND MORE. THE INSTITUTION IS ACCREDITED BY THE ACCREDITING BUREAU OF HEALTH EDUCATION SCHOOLS. THE ORGANIZATION ALSO PROVIDES CONTINUING MEDICAL EDUCATION ("CME"), EDUCATING PHYSICIANS, NURSES AND OTHER MEDICAL PROFESSIONALS THROUGHOUT THE UNITED STATES. THE ORGANIZATION'S CME DIVISION UTILIZES INNOVATIVE ONLINE COURSES AS WELL AS LIVE CONFERENCES THAT EMPLOY INDUSTRY CURRENT TECHNOLOGY TO MAXIMIZE THE LEARNER EXPERIENCE AND, ULTIMATELY, IMPROVE PATIENT OUTCOMES. THE ORGANIZATION IS ALSO ACCREDITED BY THE ACCREDITATION COUNCIL FOR CONTINUING MEDICAL EDUCATION AND SEVERAL OTHER MEDICAL PROFESSIONAL ACCREDITING BODIES. FORM 990, PART I, LINE 10: INVESTMENT INCOME INCREASED FROM $113,403 IN THE 2021 CALENDAR YEAR TO $75,397,078 IN THE 2022 CALENDAR YEAR PRIMARILY DUE TO A BUSINESS DIVESTITURE. FORM 990, PART VI, SECTION A, LINE 1A THOMAS RAMETTA CANNOT VOTE ON HIS OWN COMPENSATION OR EMPLOYMENT. ALL OTHER VOTING RIGHTS ARE IDENTICAL AMONGST MEMBERS. FORM 990, PART VI, SECTION A, LINE 6 CLINICAL AND PATIENT EDUCATORS ASSOCIATION ("CPEA") IS THE SOLE MEMBER OF THE ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 7A CPEA HAS THE RIGHT TO ELECT THE MEMBERS OF THE BOARD OF TRUSTEES OF THE ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 7B CERTAIN MAJOR GOVERNANCE DECISIONS OF THE ORGANIZATION REQUIRE APPROVAL OF CPEA, THE SOLE MEMBER OF THE ORGANIZATION. SPECIFICALLY, THE BOARD OF DIRECTORS OF THE ORGANIZATION MUST OBTAIN THE APPROVAL OF CPEA BEFORE EXECUTING ANY AGREEMENT OF MERGER OR CONSOLIDATION, APPROVING THE DISSOLUTION OF THE ORGANIZATION, OR APPROVING THE SALE OR EXCHANGE OF ALL OR SUBSTANTIALLY ALL OF THE ASSETS OF THE ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 11B MANAGEMENT WORKED WITH AN OUTSIDE ACCOUNTANT TO PREPARE THE FORM 990. MANAGEMENT REVIEWED THE DRAFT FORM 990 WITH THE OUTSIDE ACCOUNTANT. A FINALIZED DRAFT OF THE FULL FORM 990 IS PROVIDED TO THE WHOLE BOARD PRIOR TO ITS FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION MAINTAINS A CONFLICT OF INTEREST POLICY TO PROTECT THE INTEGRITY OF THE ORGANIZATION, INCLUDING AS IT RELATES TO ANY TRANSACTION THAT MIGHT BENEFIT THE PRIVATE INTEREST OF AN OFFICER OR DIRECTOR OF THE ORGANIZATION. ALL DIRECTOR AND OFFICERS ARE COVERED UNDER THE POLICY. IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, THE INTERESTED PERSON MUST DISCLOSE ALL MATERIAL FACTS TO THE BOARD OF TRUSTEES. AFTER DISCLOSURE OF SUCH FACTS, THE INTERESTED PARTY MAY NOT PARTICIPATE IN THE DETERMINATION OF A CONFLICT OF INTEREST. THE BOARD WILL DECIDE IF A CONFLICT EXISTS. IF A CONFLICT IS DETERMINED TO EXIST, THE INTERESTED PERSON MUST RECUSE HIMSELF OR HERSELF FROM PARTICIPATION IN THE DELIBERATIONS ON THE RELATED PARTY TRANSACTION. THE BOARD WILL EVALUATE WHETHER THE TRANSACTION IS FAIR, REASONABLE, AND IN THE BEST INTEREST OF THE ORGANIZATION AND WHETHER AN ALTERNATIVE TO THE TRANSACTION IS REASONABLY ACHIEVABLE. FOLLOWING SUCH EVALUATION, THE BOARD SHALL DECIDE WHETHER TO APPROVE THE TRANSACTION. DIRECTORS AND OFFICERS ARE REQUIRED TO COMPLETE A CONFLICT OF INTEREST QUESTIONNAIRE ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION OF THE TOP MANAGEMENT OFFICIAL AND CERTAIN OTHER OFFICERS OR KEY EMPLOYEES OF THE ORGANIZATION WAS REVIEWED AND APPROVED BY THE COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS, WHICH IS COMPRISED ENTIRELY OF INDEPENDENT DIRECTORS, AFTER REVIEWING COMPARABLE COMPENSATION INFORMATION PROVIDED BY AN INDEPENDENT COMPENSATION CONSULTING FIRM. THE FIRM PROVIDED THAT INFORMATION BASED ON ITS PERFORMANCE OF A STUDY FOR THE COMMITTEE TO EVALUATE THE COMPENSATION LEVELS OF SIMILARLY QUALIFIED PERSONS IN FUNCTIONALLY COMPARABLE POSITIONS AT SIMILARLY SITUATED ORGANIZATIONS. DELIBERATIONS AND DECISIONS REGARDING THE COMPENSATION ARRANGEMENTS WERE CONTEMPORANEOUSLY DOCUMENTED. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FORM 990, FORM 990-T AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D). FORM 990, PART VII, SECTION A: ANDREW GRZYBOWSKI AND JOHN GUERRIERO ARE FORMER HIGHEST COMPENSATED EMPLOYEES OF THE ORGANIZATION. DURING THE 2022 REPORTING YEAR, MESSRS. GRZYBOWSKI AND GUERRIERO RECEIVED COMPENSATION FROM A RELATED ORGANIZATION (SEE SCHEDULE R). THE ORGANIZATION DIVESTED ITS INTEREST IN THIS RELATED ORGANIZATION ON DECEMBER 30, 2022. FORM 990, PART XI, LINE 9: CHANGE FROM DIVESTITURE 5,403,852. NASIUM TRAINING LLC 9309 NORTH FLORIDA AVENUE TAMPA FL 33612 872699863 MEDICAL TRAINING PROGRAMS DE 0 121027 UMA EDUCATION INC CLINICAL AND PATIENT EDUCATORS ASSOCIATION 303 S BROADWAY SUITE 200-525 DENVER CO 80209 272280465 CONTINUING MEDICAL EDUCATION CO 501(C)(3) LINE 7 N/A 0 MED LEARNING GROUP HOLDINGS LLC (UNTIL 12302022) 1325 SIXTH AVENUE 28TH FLOOR NEW YORK NY 10019 884267344 CONTINUING MEDICAL EDUCATION DE UMA EDUCATION INC RELATED 2955284 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 1 MED LEARNING GROUP HOLDINGS LLC L 191444 BOOK VALUE MED LEARNING GROUP HOLDINGS LLC S 38928350 BOOK VALUE