2020-11-16T15:27:01-06:00 2019-12-31 420714325 RSM US LLP 4 TIMES SQUARE NEW YORK NY 10036 990 2019-01-01 472578950 UMA EDUCATION INC UMAE 8138982588 3101 WDRMARTIN LUTHER KING JR BL TAMPA FL 33607 THOMAS RAMETTA PRESIDENT 8138982588 2020-11-16 1 LYNNE JOHNSON P00757336 2123721000 68.199.170.159 2020-11-16 12:49:59 ES P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 A455A1CFAE55646F8B4E97F606669C3433DE4769 2019 2021-01-29 14:40:06Z SEE SCHEDULE O THOMAS RAMETTA 3101 WDRMARTIN LUTHER KING JR BLVD TAMPA FL 33607 311140293 0 X WWW.ULTIMATEMEDICAL.EDU X 2014 DE SEE SCHEDULE O 7 6 3290 0 125000 17851 0 0 326579612 310944236 62633 71057 125000 125000 326767245 311140293 12230365 11048595 0 0 138650482 145388344 0 0 0 151270067 137301549 302150914 293738488 24616331 17401805 439692819 493264195 351595967 387765538 88096852 105498657 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 266296851 11048595 310944236 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 14,250 AS OF DECEMBER 31, 2019, WITH APPROXIMATELY 400 ACTIVE FACULTY STAFF MEMBERS.SPECIFICALLY, THE ORGANIZATION OFFERS THE FOLLOWING PROGRAMS:-ASSOCIATE DEGREE PROGRAMS HEALTH AND HUMAN SERVICES HEALTH INFORMATION TECHNOLOGY HEALTH SCIENCE HEALTHCARE MANAGEMENT MEDICAL BILLING AND CODING-DIPLOMA PROGRAMS DENTAL ASSISTANT WITH EXPANDED FUNCTIONS HEALTHCARE TECHNOLOGY & SYSTEMS MEDICAL ADMINISTRATIVE ASSISTANT MEDICAL ASSISTANT MEDICAL BILLING AND CODING MEDICAL OFFICE AND BILLING SPECIALIST NURSING ASSISTANT PATIENT CARE TECHNICIAN PHARMACY 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. 266296851 1 0 0 1 0 0 0 0 0 0 1 0 0 1 1 1 0 1 1 0 1 0 0 0 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 1 478 0 3290 1 1 1 0 0 0 0 0 0 0 0 0 1 0 X 7 6 0 0 1 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 DE OK NY X NICOLE ANZUONI GENERAL COUNSEL C 9172435903 3101 WDRMARTIN LUTHER KING JR BLVD TAMPA FL 33607 APANOVITCH DEREK PRESIDENT (UNTIL 7/1/19) 40.00 2.00 X 1085097 0 20064 RAMETTA THOMAS PRESIDENT (BEG. 7/1/19) / CFO 40.00 2.00 X 763687 0 33454 GRZYBOWSKI ANDREW VICE PRESIDENT 40.00 0.00 X 602220 0 990 HYLAND ROBERT G EXECUTIVE VICE PRESIDENT 40.00 0.00 X 566450 0 27904 BECKER MICHAEL SVP, STUDENT ENGAGEMENT 40.00 0.00 X 529264 0 26615 ANZUONI NICOLE M GENERAL COUNSEL / CORP. SEC. 40.00 2.00 X 517405 0 24132 EDWARDS SUSAN A CHIEF COMPLIANCE OFFICER 40.00 0.00 X 452452 0 27499 SCHAFFRATH ALEXANDRA CHIEF STRATEGY OFFICER 40.00 0.00 X 427903 0 32423 NEUMANN APRIL SENIOR VICE PRESIDENT 40.00 0.00 X 436423 0 11320 WILSON JEREMY W CHIEF INFORMATION OFFICER 40.00 0.00 X 402465 0 26038 MUELLER GREGORY SVP, OPERATIONS 40.00 0.00 X 409648 0 12123 MIGNONE LINDA EXEC. VP & CHIEF MKT. OFFICER 40.00 0.00 X 387547 0 12008 DONAHUE DAVID A SVP & CHIEF OF STAFF 40.00 0.00 X 358732 0 26683 SWIFT JANE UNTIL 21519 EXECUTIVE CHAIR OF THE BOARD 35.00 5.00 X X 369423 0 5711 HOSMER CHRISTINA SVP EDUCATIONAL DEVELOPMENT 40.00 0.00 X 355308 0 2612 VERRATTI MATTHEW FORMER EXECUTIVE VICE PRESIDENT 0.00 0.00 X 344450 0 0 LIFSCHULTZ LOWELL SENIOR ADVISOR 20.00 0.00 X 155923 0 661 REESE JEFFREY B ASSOC. GENERAL COUNSEL / ASST. CORP. SEC. 40.00 2.00 X 141956 0 2124 KEMLER STEVEN SENIOR ADVISOR 20.00 0.00 X 114408 0 21896 KENDALL SITARSKI LAURA K SENIOR COUNSEL 28.00 0.00 X 104558 0 734 POLIN THEODORE L VICE CHAIR (CGO UNTIL 3/11/19) 35.00 5.00 X X 90341 8361 6073 BAILEY DARLYNE CHAIR OF THE BOARD 15.00 3.00 X X 72125 10000 0 BURGHARDT STEPHEN BOARD MEMBER 10.00 2.00 X 60000 10000 0 FRIEDMAN RICHARD BOARD MEMBER 10.00 2.00 X 60000 10000 0 HAWK CHRISTOPHER BOARD MEMBER 10.00 2.00 X 65000 10000 0 MCDEVITT SHEILA BOARD MEMBER 10.00 2.00 X 65000 10000 0 WOOTTEN MATTHEW BOARD MEMBER 10.00 2.00 X 65000 10000 0 9002785 68361 321064 121 1 1 0 GOOGLE INC 1600 AMPHITHEATRE PKWY MOUNTAIN VIEW CA 94043 RECRUITING SUPPORT 6789856 PROGRESS INTERACTIVE MEDICAL EDUCATION 20 COMMERCE DRIVE STE 135 CRANFORD NJ 07016 CME ACTIVITIES 4842602 EDUCATIONDYNAMICS LLC 5 MARINE VIEW PLAZA SUITE 212 HOBOKEN NJ 07030 RECRUITING SUPPORT 4313143 ALL STAR DIRECTORIES INC 101 STEWART STREET SUITE 500 SEATTLE WA 98101 RECRUITING SUPPORT 4072813 ARCHER EDUCATION INC 12555 W JEFFERSON BLVD STE 202 LOS ANGELES CA 90066 RECRUITING SUPPORT 3735906 111 TUITION REVENUE 611210 268657961 268657961 CONTINUING MEDICAL EDU 611210 42286275 42286275 310944236 71057 71057 ADMINISTRATIVE SERVICE 561000 125000 125000 125000 311140293 310944236 125000 71057 89257 89257 10959338 10959338 6297492 3401189 2896303 514593 514593 116707696 105795469 10912227 2652596 2350883 301713 10657532 9791993 865539 8558435 8128359 430076 1747448 83625 1663823 440514 440514 10861870 7267264 3594606 36675285 36577247 98038 1816930 1239389 577541 5718233 2847969 2870264 10345756 9879866 465890 1766949 1044826 722123 281163 15483 265680 3697725 3697725 4548605 4548605 1191228 630324 560904 CME ACTIVITY 25324410 25324410 UNCOLLECTIBLE DEBTS 14292222 14292222 0 TEXTBOOKS 8949742 8949742 EDUCATIONAL SUPPLIES 6987630 6987630 0 2655839 2394036 261803 293738488 266296851 27441637 0 65482287 58376657 24930122 25000000 16237177 13655877 1044970 768901 7151782 7323967 25010836 15107888 8646892 9902948 315368451 314617913 831138 63617932 439692819 493264195 27251219 32302946 7760474 8347516 40218801 40157897 184781507 251464160 22598970 1928161 71889341 2302343 48358170 351595967 387765538 X 88096852 105498657 88096852 105498657 439692819 493264195 17401805 0 X 0 1 X 1 1 1 X 0 0 293634323 293634323 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 0 0 0 250000 250000 250000 250000 1000000 1500000 0 0 0 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 2019. THESE PRIVATE COMPANIES RECEIVED TOTAL PAYMENTS OF $162,711 FROM THE ORGANIZATION, OF WHICH $15,000 WAS USED FOR REGISTERED LOBBYING PURPOSES IN THE LAST QUARTER OF 2019. THE ORGANIZATION ALSO PAYS DUES TO TRADE ASSOCIATIONS, SOME OF WHICH MAY BE USED FOR LOBBYING PURPOSES. 7980413 3291041 4689372 6675854 5205730 1470124 10354569 6611117 3743452 9902948 DEPOSITS 795559 DEBT SERVICE RESERVE FUND 19261363 RIGHT OF USE ASSETS HELD UNDER OPERATING LEASES, NET 42785255 RIGHT OF USE ASSETS HELD UNDER FINANCE LEASES, NET 775755 63617932 OPERATING LEASE OBLIGATIONS 48358170 48358170 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, 2019, 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 2016. 1 1 0 1 1 1 0 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 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; HENCE THE ORGANIZATION MEETS THE EXCEPTION FOR NEWSPAPER PUBLICATION IN SECTION 4.03(2)(B) OF REV. PROC. 75-50. SCHEDULE E, PART I, LINE 4 UMA EDUCATION, INC. CURRENTLY DOES NOT SOLICIT CONTRIBUTIONS. SCHEDULE E, PART I, LINE 6 THE ORGANIZATION RECEIVES FUNDS FROM GOVERNMENTAL AGENCIES, INCLUDING THE U.S. DEPARTMENT OF EDUCATION. EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES PROVIDED PROGRAM SERVICES FOR 2 CONTINUING MEDICAL EDUCATION PROGRAMS 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 PART III ACCOUNTING METHOD: PART I, LINE 3, COLUMN (E): REGION: EUROPE (E) THE ORGANIZATION PROVIDED PROGRAM SERVICES FOR 2 CONTINUING MEDICAL EDUCATION PROGRAMS IN EUROPE. PROGRAM 1 IN DUBROVNIK, CROATIA: LOOKING UNDER THE SURFACE IN PEDIATRIC ATOPIC DERMATITIS: COLLABORATIVE CARE FOR BETTER PATIENT OUTCOMES IN MAY, 2019. PROGRAM 2 IN LISBON, PORTUGAL: LOOKING AHEAD: OPTIMIZING MANAGEMENT STRATEGIES IN MODERATE-TO-SEVERE ATOPIC DERMATITIS IN JUNE, 2019. THE ORGANIZATION DID NOT INCUR ANY EXPENSES RELATED TO SUCH SERVICES IN EITHER LOCATION. 1 AMERICAN CANCER SOCIETY 3709 W JETTON AVE TAMPA FL 33629 131788491 501(C)(3) 17500 CONTRIBUTION FOR "MAKING STRIDES AGAINST BREAST CANCER" AMERICAN HEART ASSOCIATION 7272 GREENVILLE AVENUE DALLAS TX 75231 135613797 501(C)(3) 15000 CONTRIBUTION FOR "GO RED FOR WOMEN" BIG BROTHER BIG SISTER 4630 WOODLAND CORP BLVD STE 160 TAMPA FL 33614 592173085 501(C)(3) 12000 SPONSORSHIP FOR ART OF HELPING CHILDREN GALA FEEDING TAMPA BAY 4702 TRANSPORT DRIVE BLD 6 TAMPA FL 33605 592116576 501(C)(3) 10000 CONTRIBUTION FOR GENERAL PURPOSES MELROSE ELEMENTARY SCHOOL 1752 13TH AVENUE S ST PETERSBURG FL 33712 596000799 501(C)(3) 20854 BOOK PURCHASE AND PACKAGE FOOD AND SNACKS AND DONATE TO LOCAL SCHOOL PACK-A-SNACK FOR CHILDREN OF LOCAL SCHOOLS FAIRMONT PARK ELEMENTARY SCHOOL 575 41ST ST S ST PETERSBURG FL 33711 596000799 501(C)(3) 13903 BOOK PURCHASE AND PACKAGE FOOD AND SNACKS AND DONATE TO LOCAL SCHOOL PACK-A-SNACK FOR CHILDREN OF LOCAL SCHOOLS 6 UMA INSTITUTIONAL GRANTS TO STUDENTS 4961 10959338 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 APANOVITCH DEREK PRESIDENT (UNTIL 7/1/19) 445022 0 415893 0 224182 0 3980 0 16084 0 1105161 0 0 0 RAMETTA THOMAS PRESIDENT (BEG. 7/1/19) / CFO 501158 0 262145 0 384 0 3320 0 30134 0 797141 0 0 0 GRZYBOWSKI ANDREW VICE PRESIDENT 190470 0 411497 0 253 0 359 0 631 0 603210 0 0 0 HYLAND ROBERT G EXECUTIVE VICE PRESIDENT 376525 0 189925 0 0 0 3772 0 24132 0 594354 0 0 0 BECKER MICHAEL SVP, STUDENT ENGAGEMENT 352471 0 172423 0 4370 0 2483 0 24132 0 555879 0 0 0 ANZUONI NICOLE M GENERAL COUNSEL / CORP. SEC. 349822 0 166887 0 696 0 0 0 24132 0 541537 0 0 0 EDWARDS SUSAN A CHIEF COMPLIANCE OFFICER 329696 0 122038 0 718 0 3367 0 24132 0 479951 0 0 0 SCHAFFRATH ALEXANDRA CHIEF STRATEGY OFFICER 317815 0 110088 0 0 0 3291 0 29132 0 460326 0 0 0 NEUMANN APRIL SENIOR VICE PRESIDENT 304731 0 131692 0 0 0 3056 0 8264 0 447743 0 0 0 WILSON JEREMY W CHIEF INFORMATION OFFICER 287632 0 59449 0 55384 0 1906 0 24132 0 428503 0 0 0 MUELLER GREGORY SVP, OPERATIONS 277313 0 130653 0 1682 0 3635 0 8488 0 421771 0 0 0 MIGNONE LINDA EXEC. VP & CHIEF MKT. OFFICER 359527 0 24032 0 3988 0 3247 0 8761 0 399555 0 0 0 DONAHUE DAVID A SVP & CHIEF OF STAFF 295964 0 10000 0 52768 0 1927 0 24756 0 385415 0 0 0 SWIFT JANE UNTIL 21519 EXECUTIVE CHAIR OF THE BOARD 53765 0 0 0 315658 0 562 0 5149 0 375134 0 0 0 HOSMER CHRISTINA SVP EDUCATIONAL DEVELOPMENT 232377 0 122931 0 0 0 1934 0 678 0 357920 0 0 0 VERRATTI MATTHEW FORMER EXECUTIVE VICE PRESIDENT 0 0 0 0 344450 0 0 0 0 0 344450 0 0 0 LIFSCHULTZ LOWELL SENIOR ADVISOR 155923 0 0 0 0 0 0 0 661 0 156584 0 0 0 KEMLER STEVEN SENIOR ADVISOR 114208 0 0 0 200 0 1213 0 20683 0 136304 0 0 0 KENDALL SITARSKI LAURA K SENIOR COUNSEL 91837 0 12721 0 0 0 734 0 0 0 105292 0 0 0 PART I, LINE 4A APANOVITCH, DEREK, PRESIDENT, LEFT THE POSITION IN JULY 2019. HE RECEIVED $223,853 IN A SEVERANCE PAYMENT UNDER A SEPARATION AGREEMENT DURING THE CALENDAR YEAR 2019 AND IT IS REPORTED IN PART II, COLUMN (B)(III). SWIFT, JANE, EXECUTIVE CHAIR OF THE BOARD, LEFT THE POSITION IN MARCH 2019. SHE RECEIVED $315,030 IN A SEVERANCE PAYMENT UNDER A SEPARATION AGREEMENT DURING THE CALENDAR YEAR 2019 AND IT IS REPORTED IN PART II, COLUMN (B)(III). WILSON, JEREMY W, CHIEF INFORMATION OFFICER, LEFT THE POSITION IN DECEMBER 2019. HE RECEIVED A $55,000 SEVERANCE PAYMENT FOR THE CALENDAR YEAR 2019 AND IT IS REPORTED IN PART II, COLUMN (B)(III). VERRATTI, MATTHEW J, FORMER EXECUTIVE VICE PRESIDENT, LEFT THE POSITION IN SEPTEMBER 2018. HE RECEIVED $344,450 IN PAYMENT UNDER A SEPARATION AGREEMENT DURING THE CALENDAR YEAR 2019 AND IT IS REPORTED IN PART II, COLUMN (B)(III). A PUBLIC FINANCE AUTHORITY 273866124 74442PMU6 2019-12-19 187658921 SEE PART VI 0 0 0 A 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. SEE PART V SEE PART V 125000 SEE PART V 0 SEE PART V SEE PART V 126000 SEE PART V 0 SCH L, PART II, LOANS FROM INTERESTED PERSONS - $0 BALANCE AS OF 12/31/19: AS NOTED IN PREVIOUSLY FILED FORMS 990, THE ORGANIZATION ISSUED APROMISSORY NOTE TO ULTIMATE MEDICAL ACADEMY, LLC. THE NOTE'S REMAINING PRICIPAL BALANCE OF $237,437,263 AS OF DECEMBER 19, 2019 WASPAID OFF FROM THE PROCEEDS OF THE PROJECT FUNDS FROM THE TAX-EXEMPTBOND 2019A (REVENUE BONDS, SERIES 2019A OF $170,954,829) AND TAXABLEBOND 2019B (TAXABLE REVENUE BONDS, SERIES 2019B OF $66,482,434). SCH L, PART IV, BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS: (A) NAME OF PERSON: ULTIMATE MEDICAL ACADEMY, LLC(B) RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION:ENTITY MORE THAN 35% OWNED BY STEVEN KEMLER, SENIOR ADVISOR, AND LOWELL LIFSCHULTZ, SENIOR ADVISOR(D) DESCRIPTION OF TRANSACTION: DURING THE YEAR ENDED DECEMBER 31, 2019, THE ORGANIZATION WAS A PARTY TO AN ADMINISTRATIVE SERVICE AGREEMENT PURSUANT TO WHICH THE ORGANIZATION PROVIDED ADMINISTRATIVE SERVICES TO LLC, THE ENTITY FORMERLY OWNING THE SCHOOL KNOWN AS ULTIMATE MEDICAL ACADEMY. THE LLC PAID THE ORGANIZATION $125,000, FAIR VALUE FOR THESE SERVICES UNDER THE AGREEMENT. SCH L, PART IV, BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS: (A) NAME OF PERSON: TLP CONSULTING, INC.(B) RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION:ENTITY MORE THAN 35% OWNED BY POLIN, THEODORE L., VICE CHAIR OF THE BOARD(D) DESCRIPTION OF TRANSACTION:TLP CONSULTING, INC. PROVIDED OPERATIONAL CONSULTING SERVICES TO THE ORGANIZATION (BEGINNING IN MARCH 2020). DURING THE REPORTING YEAR, $126,000 OF CONSULTING SERVICES FEES WERE PAID TO TLP CONSULTING, INC. FORM 990, PART I, ITEM C DBA: ULTIMATE MEDICAL ACADEMY DBA: COMPLETE CONFERENCE MANAGEMENT DBA: GLOBAL EDUCATION GROUP DBA: MED LEARNING GROUP 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 VI, SECTION A, LINE 4 THE ORGANIZATION MADE MODIFICATIONS TO ITS BYLAWS DURING 2019, NOTABLY TO CHANGE THE TITLE OF DIRECTOR TO TRUSTEE, ESTABLISH TRUSTEE TERMS, NUMBERS AND CLASSES, PROVIDE FOR THE OPTION OF HAVING THE PRESIDENT SERVES AS AN EX-OFFICIO BOARD MEMBER IF SO DESIGNATED, SET A MINIMUM NUMBER OF REGULAR MEETINGS IN A GIVEN YEAR (3), ELABORATE UPON THE STANDING COMMITTEES, SPECIFICALLY MENTION THE ABILITY TO CREATE SPECIAL COMMITTEES, AND ADD A DESCRIPTION OF THE PRE-EXISTING CONFLICTS OF INTEREST POLICIES. 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 DIRECTORS 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 DIRECTORS 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 DIRECTORS. 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). UMA MLG LLC 3101 W DR MARTIN LUTHER KING JR BLV TAMPA FL 33607 900958878 CONTINUING MEDICAL EDUCATION DE 27593587 1586376 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 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0