2019-05-15T08:05:32-05:00 2018-06-30 BDO USA LLP 8401 GREENSBORO DRIVE 800 MCLEAN VA 22102 990 2017-07-01 812898004 UMUC Ventures Inc % ALEXIS SHEWCHUK UMUC 3019907898 7315 Wisconsin Ave Suite 400 Bethesda MD 20814 ALEXIS SHEWCHUK VP Finance 3019907898 2019-05-14 true Joyce Underwood P00022361 7038930600 2019-05-13 4.15.233.162 54621820191355000014 2019-05-15 P D3219F30755993C5424F1576AF8CB0C9953A6B1C D3219F30755993C5424F1576AF8CB0C9953A6B1C 2017 2019-02-21 02:37:17Z Michael Foley 7315 Wisconsin Ave ste 400 MD MD 20814 26378581 false X UMUCVENTURES.ORG X 2016 MD See Schedule O 11 0 95 0 0 5000000 0 21318885 0 59696 0 0 0 26378581 0 0 0 0 1076484 14471518 0 0 0 930450 8112035 2006934 22583553 -2006934 3795028 13192076 26493188 199010 9705094 12993066 16788094 X See Schedule O true false 17259202 0 18579581 UMUC VENTURES IS ENGAGED, THROUGH ITS OWN ACTIVITIES AND THROUGH ITS SUBSIDIARY, ACCELERED, LLC IN PROVIDING SERVICES TO UMUC AND CREATING A PLATFORM FROM WHICH TO SERVE HIGHER EDUCATION. 2517162 0 2739304 UMUC VENTURES IS PROVIDING AND CONTRACTING SERVICES THROUGH WHICH IT IS HELPING UMUC TRANSFORM ITSELF INTO AN INNOVATION HUB AND HIGHER EDUCATION DESTINATION OF CHOICE. 19776364 true true 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 false false true false false false false false false false false false false false false true true true false false false true 25 0 true 95 true 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 false false false false false MD X ALEXIS SHEWCHUK 3019907898 7315 Wisconsin Ave Ste 400 Bethesda MD 20814 Cary Pappas Board Member 6.0 0.0 X 95000 0 0 Clark Golestani Board Member 5.0 0.0 X 80000 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 Linda Sullivan Board Member 5.0 0.0 X 80000 0 0 Mark Decker Board Member 5.0 0.0 X 80000 0 0 Mark Gerencser Board Member 12.0 0.0 X 100000 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 Michael Roark CEO 40.0 0.0 X 228506 0 9099 William Dale Young AccelerEd President 40.0 0.0 X 166583 0 7594 Tracy Woods AccelerEd President 40.0 0.0 X 4808 0 7 Alex Shewchuk VP Finance 40.0 0.0 X 22444 0 1270 1382341 0 17970 2 false true false Beecher Reagan Advisors LLC 801 Travis St Ste 1600 Houston TX 77002 Professional service 254712 Frank Strategic Marketing 803 Oella Avenue Ellicott City MD 21043 Professional service 230857 Cooley LLP 101 California Street 5th Floor 5t San Francisco CA 94111 Legal service 167943 TriBridge Partners LLC 1 E Pratt Street Suite 902 Baltimore MD 21202 Professional service 118463 4 5000000 5000000 Contract Revenue 999999 21318885 21318885 21318885 59696 59696 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 26378581 21318885 59696 0 0 0 0 2186289 1749031 437258 0 10000852 9067413 933439 586748 557411 29337 913225 781751 131474 784404 699443 84961 0 255301 99181 156120 158428 158428 0 0 0 2146199 1931579 214620 358819 67205 291614 60848 45636 15212 4809857 4601261 208596 0 47876 23938 23938 157870 47361 110509 0 0 0 0 9842 8858 984 88982 80084 8898 0 Other 18013 16212 1801 22583553 19776364 2807189 0 3170701 12300240 0 0 0 0 0 38246 0 0 0 0 0 0 0 0 14558 322042 63787 9969 4317 53818 0 3778842 0 0 10000000 10000000 0 0 2500 0 13192076 26493188 199010 2354794 0 0 0 7350300 0 0 0 0 0 0 0 0 0 0 0 0 199010 9705094 X 0 0 15000000 0 -2006934 16788094 12993066 16788094 13192076 26493188 3795028 X false true X true false X 1 0 0 0 15000000 5000000 20000000 0 0 0 0 0 15000000 5000000 20000000 0 20000000 59696 59696 0 0 20059696 21318885 X 63787 9969 53818 53818 INVESTMENT IN HELIOCAMPUS, INC 10000000 F 10000000 0 0 X PART X, LINE 2: The organization accounts for uncertain tax positions inaccordance with the provisions of ASC 740-10, accounting for uncertainty in income taxes, which states that a company 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 beleives that it has no unrecognized uncertain tax positions or any related penalties and interest to accrue as of June 30, 2018 and 2017. Tax years 2016 through 2017 remain subject to examination by the IRS. X X X false false false false false false false false false Michael Roark CEO 207692 0 20000 0 814 0 7529 0 1570 0 237605 0 0 0 William Dale Young AccelerEd President 155769 0 10000 0 814 0 7529 0 65 0 174177 0 0 0 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 COLLEGE (UMUC). THE PURPOSE OF UMUC VENTURES IS THREEFOLD: - TO SUPPORT UMUC'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 UMUC TO INCREASE ITS CAPACITY TO DELIVER A LOW-COST, HIGH-VALUE OFFERING TO ITS STUDENTS. Form 990, Part III, Line 2: Created AccelerEd LLC and hired additional staff to commence assessment, exploration, and transformation activities, and to begin to deliver services to the university and to prepare to deliver them to other higher education institutions. 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 C, Line 18: THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. fORM 990, Part VI, Line 19: THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. ACCELERED LLC 7315 Wisconsin Ave ste 400 Bethesda MD 20814 821765282 IT Services MD 972023 1513468 UMUC Venture UNIVERSITY OF MARYLAND UNIVERSITY COLLEG 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 Svc MD UMUC Ventures C Corp 2170759 6094500 0.93030 true false false true false false false false false false false true true false true false false false false false UNIVERSITY OF MARYLAND UNIVERSITY COLLEGE C 5000000 CASH HELIOCAMPUS INC K 47875 CASH UNIVERSITY OF MARYLAND UNIVERSITY COLLEGE L 20511418 FMV UNIVERSITY OF MARYLAND UNIVERSITY COLLEGE N 110000 COST