2021-05-15T10:11:35-05:00 2020-06-30 BDO USA LLP 8401 GREENSBORO DRIVE 800 MCLEAN VA 22102 990 2019-07-01 812898004 UMUC Ventures Inc % WENDY COLBY UMUC 3019907898 7315 Wisconsin Ave Suite 400 Bethesda MD 20814 WENDY COLBY CEO 3019907898 2021-05-14 true Marc Berger P01871563 7038930600 2019 2022-09-23 18:48:47Z WENDY COLBY 7315 Wisconsin Ave400 Bethesda MD 20814 110530366 false X UMUCVENTURES.ORG X 2016 MD See Schedule O 11 0 225 0 0 5000000 0 39376305 48282114 409376 36025019 0 0 44785681 84307133 0 16000000 0 0 16893716 25786468 0 0 0 19188310 21894633 36082026 63681101 8703655 20626032 30189096 40633738 4181103 4291231 26007993 36342507 X SEE SCHEDULE O false false 54072439 0 48282114 UMUC VENTURES PROVIDES INNOVATIVE TECHNOLOGY TRANSFORMATION SERVICES TO EDUCATIONAL ORGANIZATIONS, THE LARGEST BEING UMGC, THROUGH ITS OWN AND ITS SUBSIDIARIES, ACCELERED AND HELIOCAMPUS, CAPABILITIES UMUC VENTURES HAS PROVIDED A PLATFORM FOR THE DELIVERY OF EDUCATIONAL SERVICES THAT WILL SERVE THE NEEDS OF HIGHER EDUCATIONAL INSTITUTIONS. UMUCV 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 OVER 90,000 STUDENTS WORLDWIDE. UMUC VENTURES HELPS EDUCATIONAL INSTITUTION TRANSFORM THEMSELVES INTO EFFECTIVE, EFFICIENT AND WELL-INTEGRATED ORGANIZATIONS THAT ARE THEN ABLE TO FOCUS ON CONTENT DEVELOPMENT AND SERVICE DELIVERY. 54072439 true false false false false false false false false false true false true false false true false true false false false false false false false false false true false true false false false false false false false false false false false false true true true false false false true 51 0 225 true false false false false false false false false false false false false X 11 0 false false false false false false false true true false false true true true true true true true true false MD X WENDY COLBY 3019907898 7315 WISCONSIN AVE STE 400 Bethesda MD 20814 X Tracy Woods AccelerEd President 40.0 0.0 X 290328 0 42193 Michael Roark CEO 40.0 0.0 X 260483 0 32134 John Shin VP Products & Software 40.0 0.0 X 226184 0 37454 Christopher Tatem Solution Design & DvlpMt, VP 40.0 0.0 X 197798 0 21864 Premkumar Mani Software Architect 40.0 0.0 X 170896 0 31666 Alex Shewchuk VP Finance 40.0 0.0 X 185919 0 13938 Edward Hill Senior Director 40.0 0.0 X 160871 0 32742 Daniel Parker Senior Director 40.0 0.0 X 168289 0 19771 Nichole McDonald VP of Human Resources 40.0 0.0 X 161414 0 26065 Julia Ellefson Cloud Engineer 40.0 0.0 X 156131 0 24758 William E Cullen Cloud Engineer 40.0 0.0 X 152370 0 18371 Michael Foley DIRECTOR 40.0 0.0 X 159088 0 10675 Louis Pugliese EXECUTIVE VICE PRESIDENT 40.0 0.0 X 112788 0 12645 Mark Gerencser Board Member 12.0 0.0 X 100000 0 0 Cary Pappas Board Member 6.0 0.0 X 95000 0 0 Doug Lane Board Member 6.0 0.0 X 95000 0 0 Gregory Nixon Board Member 5.0 0.0 X 95000 0 0 John A Bates Board Member 6.0 0.0 X 95000 0 0 Clark Golestani Board Member 5.0 0.0 X 80000 0 0 Linda Sullivan Board Member 5.0 0.0 X 80000 0 0 Mark Decker Board Member 5.0 0.0 X 80000 0 0 Mike Foley Board Member 5.0 0.0 X 80000 0 0 Rhonda Germany Board Member 5.0 0.0 X 80000 0 0 William Roberts Board Member 5.0 0.0 X 80000 0 0 Tracy Sophia Harris CFO 40.0 0.0 X 15276 0 626 3377835 0 324902 55 false true false CAMPUS MANAGEMENT 5201 CONGRESS AVENUE BOCA RATON FL 33487 CONSULTING SERVICES 2523169 ELIASSEN GROUP LLC 55 WALKERS BROOK DRIVE 6TH FLOOR READING MA 01867 CONSULTING SERVICES 1540170 CIGNITI TECHNOLOGIES INC 433 E LAS COLINAS BLVD STE 1300 IRVING TX 75039 CONSULTING SERVICES 892777 MuleSoft Inc 50 Fremont St Suite 300 SAN FRANCISCO CA 94105 IT SERVICES 485536 Gartner Inc 56 Top Gallant Road STAMFORD CT 06902 CONSULTING SERVICES 480061 11 0 CONTRACT REVENUE 999999 48282114 48282114 0 0 48282114 141898 141898 0 0 0 0 0 62106354 26223233 35883121 35883121 35883121 0 0 0 0 0 0 0 0 0 0 84307133 48282114 0 36025019 16000000 16000000 0 0 0 2751395 2613825 137570 0 0 16077232 13516334 2560898 0 1812767 1658553 154214 0 3184313 2366068 818245 0 1960761 1774992 185769 0 0 340710 0 340710 0 501798 0 501798 0 0 0 0 15819182 12634021 3185161 0 180635 0 180635 0 229758 0 229758 0 3940321 3149160 791161 0 0 76198 0 76198 0 312076 0 312076 0 0 0 0 0 16280 0 16280 0 118189 0 118189 0 OTHER 359486 359486 0 0 63681101 54072439 9608662 0 9647920 18537483 0 0 0 0 1740190 981938 0 0 0 0 0 0 0 0 830196 595103 100822 39017 41050 61805 7929740 11654935 0 0 10000000 8802474 0 0 0 0 30189096 40633738 3216760 3750840 0 0 964343 540391 0 0 0 0 0 0 0 0 0 0 0 0 4181103 4291231 X 0 0 0 0 26007993 36342507 26007993 36342507 30189096 40633738 X 20626032 -631630 -9659888 X false true X true false X 0 15000000 5000000 5000000 0 25000000 0 0 0 15000000 5000000 5000000 0 25000000 0 25000000 59696 283289 141898 484883 0 0 25484883 147702060 X 100822 39017 61805 61805 INVESTMENT IN HELIOCAMPUS, INC 8802474 F 8802474 0 0 X PART X, LINE 2: THE ORGANIZATION ACCOUNTS FOR UNCERTAIN TAX POSITIONS IN ACCORDANCE WITH THE PROVISIONS OF ASC 740-10, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, WHICH STATES THAT AN ORGANIZATION MUST RECOGNIZE THE TAX BENEFIT ASSOCIATED WITH THE TAX POSITIONS TAKEN FOR TAX RETURN PURPOSES WHEN IT IS MORE-LIKELY-THAN-NOT THAT THE POSITION WILL BE SUSTAINED. THE ORGANIZATION BELIEVES THAT IT HAS NO UNRECOGNIZED UNCERTAIN TAX POSITIONS OR ANY RELATED PENALTIES AND INTEREST TO ACCRUE AS OF JUNE 30, 2020 AND 2019. false UNIVERSITY SYSTEM OF MARYLAND FOUNDATION 3300 METZEROTT ROAD ADELPHI MD 20783 526002033 501(c)(3) 16000000 PROGRAM SUPPORT 1 0 X X X X false false true false false false false false false Michael Roark CEO 211160 0 40000 0 9323 0 16550 0 15584 0 292617 0 0 0 Alex Shewchuk VP Finance 183672 0 0 0 2247 0 13559 0 379 0 199857 0 0 0 Nichole McDonald VP of Human Resources 156872 0 0 0 4542 0 11921 0 14144 0 187479 0 0 0 Michael Foley DIRECTOR 159088 0 0 0 0 0 10624 0 51 0 169763 0 0 0 Tracy Woods AccelerEd President 282442 0 0 0 7886 0 21506 0 20687 0 332521 0 0 0 John Shin VP Products & Software 220948 0 0 0 5236 0 16675 0 20779 0 263638 0 0 0 Christopher Tatem Solution Design & DvlpMt, VP 195918 0 0 0 1880 0 14354 0 7510 0 219662 0 0 0 Edward Hill Senior Director 155635 0 0 0 5236 0 11962 0 20780 0 193613 0 0 0 Julia Ellefson Cloud Engineer 151314 0 0 0 4817 0 11600 0 13158 0 180889 0 0 0 William E Cullen Cloud Engineer 150514 0 0 0 1856 0 10931 0 7440 0 170741 0 0 0 Premkumar Mani Software Architect 165712 0 0 0 5184 0 11093 0 20573 0 202562 0 0 0 Daniel Parker Senior Director 166409 0 0 0 1880 0 12261 0 7510 0 188060 0 0 0 Schedule J, PART I, LINE 4C: Michael Roark, CEO - participated in HelioCampus Equity based compensation arrangement. Form 990, Part I, Line 1 and Part III, Line 1 - Long Mission: UMUC VENTURES IS A SUPPORTING ORGANIZATION OF THE UNIVERSITY OF MARYLAND UNIVERSITY Global College (UMGC) [RECENTLY RENAMED UMGC - UNIVERSITY OF MARYLAND GLOBAL CAMPUS]. THE PURPOSE OF UMUC VENTURES IS THREEFOLD: - TO SUPPORT UMGC'S TRANSFORMATION INTO A FIRST-CLASS, MARKET-LEADING INNOVATION HUB AND THE HIGHER EDUCATION DESTINATION OF CHOICE FOR ADULT LEARNERS WISHING TO ADVANCE THEIR CAREERS. - TO CREATE A PLATFORM FROM WHICH ALL HIGHER EDUCATION, ESPECIALLY UNIVERSITY SYSTEM OF MARYLAND INSTITUTIONS, CAN LEVERAGE THE POTENTIAL OF BEST PRACTICES AND SCALE SERVICES COMMON TO THE DELIVERY OF HIGHER EDUCATION. - TO GENERATE AND CAPTURE ECONOMIC BENEFIT TO ENABLE UMGC TO INCREASE ITS CAPACITY TO DELIVER A LOW-COST, HIGH-VALUE OFFERING TO ITS STUDENTS. Form 990, Part VI, Section B, Line 11b: A COPY OF THE FORM 990 WILL BE PROVIDED TO THE ORGANIZATION'S BOARD MEMBERS PRIOR TO FILING WITH THE IRS. Form 990, Part VI, Section B, Line 12c: EACH DIRECTOR, PRINCIPAL OFFICER AND MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS SHALL ANNUALLY SIGN A STATEMENT WHICH AFFIRMS SUCH PERSON: A. HAS RECEIVED A COPY OF THE CONFLICTS OF INTEREST POLICY, B. HAS READ AND UNDERSTANDS THE POLICY, C. HAS AGREED TO COMPLY WITH THE POLICY, AND D. UNDERSTANDS THE ORGANIZATION IS CHARITABLE AND IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX EXEMPT PURPOSES. Form 990, Part VI, Section B, Line 15 A&B: THE ORGANIZATION USES AND OUTSIDE CONSULTANT WHO WORKS WITH THE TALENT COMMITTEE OF THE BOARD TO EVALUATE COMPENSATION LEVELS IN THE REGION. FORM 990, Part VI, Section C, Line 19: THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. Form 990, Part XI, Line 9 EFFECT OF DECONSOLIDATION OF HELIOCAMPUS (9,659,888) FORM 990 PART IX LINE 11G DESCRIPTION:PROFESSIONAL & OTHER SERVICES TOTAL FEES:10206050 FORM 990 PART IX LINE 11G DESCRIPTION:CONSULTING SERVICES TOTAL FEES:5613132 ACCELERED LLC 7315 Wisconsin Ave ste 400 Bethesda MD 20814 821765282 IT Services MD 39351272 10296948 UMUC Venture UNIVERSITY OF MARYLAND GLOBAL CAMPUS 3501 Uni Blvd East Adelphi MD 20783 526002033 Education MD NA false HELIOCAMPUS INC 7315 Wisconsin Ave Ste 400 Bethesda MD 20814 475197643 Data Analytic MD UMUC Ventures C Corp 4141265 0 0.21100 false false true false false false false false false false false true true false true false true true true true UNIVERSITY OF MARYLAND GLOBAL CAMPUS B 16000000 CASH HELIOCAMPUS INC K 48000 CASH