2024-11-14T13:47:09-06:00 2023-12-31 991856619 GRANT THORNTON ADVISORS LLC 1000 WILSON BOULEVARD SUITE 1500 ARLINGTON VA 22209 990 2023-01-01 472578950 UMA EDUCATION INC UMAE 8138982588 9309 NORTH FLORIDA AVENUE 100 TAMPA FL 33612 THOMAS RAMETTA PRESIDENT 8138982588 2024-11-14 1 1 MARY TORRETTA P00847851 7038477500 2023 2024-10-15 13:58:12Z SEE SCHEDULE O THOMAS RAMETTA 9309 NORTH FLORIDA AVENUE 100 TAMPA FL 33612 376739730 0 X WWW.ULTIMATEMEDICAL.EDU X 2014 DE SEE SCHEDULE O 10 9 3132 0 243500 13050 0 0 316602172 364748648 75397078 8017680 -341798 -1007396 391657452 371758932 4906716 529665 0 0 136017695 153664946 0 0 0 150465939 160920624 291390350 315115235 100267102 56643697 619812684 670406055 363310405 356972286 256502279 313433769 X SEE SCHEDULE OUMA EDUCATION, INC. OPERATES ULTIMATE MEDICAL ACADEMY, AN EDUCATIONAL INSTITUTION COMMITTED TO EQUIPPING AND EMPOWERING STUDENTS FOR HEALTHCARE CAREERS. HEADQUARTERD 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 270462883 530158 364665148 SEE SCHEDULE OTHE ORGANIZATION PROVIDES PROGRAMS THAT PREPARE STUDENTS FOR ROLES INTHE HEALTHCARE INDUSTRY. THE ORGANIZATION'S STUDENT POPULATION FORSUCH PROGRAMS WAS APPROXIMATELY 19,718 AS OF DECEMBER 31, 2023, WITHAPPROXIMATELY 513 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 PHARMACY TECHNICIAN PHLEBOTOMY TECHNICIANAMERICAN INSTITUTE IS A WHOLLY OWNED SUBSIDIARY OF UMA EDUCATION, INC WHICH OFFERS THE FOLLOWING VOCATIONAL PROGRAMS: DENTAL ASSISTING DIAGNOSTIC MEDICAL SONOGRAPHY ELECTRICAL TRADES TECHNOLOGY MASSAGE THERAPY MEDICAL ASSISTING MEDICAL BILLING AND CODING NURSE'S AIDETHE ORGANIZATION PROVIDES ROBUST LEARNER AND CAREER SERVICES TO HELPPRODUCE STRONG OUTCOMES FOR ITS STUDENTS. SUCH SERVICES INCLUDETUTORING, MENTORING, LIFE SKILLS COACHING, FINANCIAL LITERACY TRAINING,CAREER READINESS PREPARATION, AND JOB PLACEMENT ASSISTANCE.THE ORGANIZATION ALSO PROVIDES NUMEROUS CONTINUING MEDICAL EDUCATIONACTIVITIES FOR HEALTHCARE PROFESSIONALS IN BOTH LIVE AND ONLINESETTINGS. THESE ACTIVITIES DIFFER FROM YEAR TO YEAR GIVEN THEEDUCATIONAL NEEDS OF PHYSICIANS, NURSES, PHARMACISTS, AND OTHER MEDICALPROFESSIONALS. 270462883 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 0 0 0 1 144 0 1 3132 1 1 1 0 0 0 0 0 0 0 0 0 1 0 X 10 9 0 0 1 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 FL OK X NICOLE ANZUONI EVP & CAO 8138982588 9309 NORTH FLORIDA AVENUE 100 TAMPA FL 33612 THOMAS RAMETTA PRESIDENT 40.00 2.00 X X 1503143 0 27209 DARLYNE BAILEY PHD CHAIR OF THE BOARD 15.00 3.00 X X 70000 0 0 STEPHEN BURGHARDT PHD BOARD MEMBER 10.00 2.00 X 50000 0 0 TERENCE BYRD BOARD MEMBER (BEG 1/23) 10.00 2.00 X 47043 0 0 HUGH CAMPBELL BOARD MEMBER 10.00 2.00 X 50000 0 0 CHRISTOPHER HAWK MD BOARD MEMBER 10.00 2.00 X 50000 0 0 SHEILA MCDEVITT BOARD MEMBER 10.00 2.00 X 50000 0 0 KAREN MINCEY BOARD MEMBER 10.00 2.00 X 50000 0 0 THEODORE L POLIN VICE CHAIR OF THE BOARD (THRU 12/23) 15.00 2.00 X X 60000 0 0 SAUNDRA WALL WILLIAMS BOARD MEMBER 10.00 2.00 X 50000 0 0 ALEXANDRA SCHAFFRATH EVP & CHIEF FIN. & STRATEGY OFFICER 40.00 2.00 X 795069 0 31372 NICOLE M ANZUONI EVP & CAO 40.00 2.00 X 777378 0 22134 LINDA MIGNONE EXEC. VP & CHIEF MKT. OFFICER 40.00 0.00 X 768248 0 16296 JEFFREY B REESE DEP. GEN. COUNSEL/ASST. SEC. 40.00 2.00 X 206906 0 2867 APRIL NEUMANN EVP OF WORKFORCE TRANSFORM 40.00 0.00 X 673526 0 14871 GREGORY MUELLER SVP, OPERATIONS 40.00 0.00 X 647589 0 21537 SUSAN A EDWARDS CHIEF COMPLIANCE OFFICER 40.00 0.00 X 569693 0 18420 SCOTT SARRETT SVP STUDENT ENGAGEMENT 40.00 0.00 X 507904 0 16629 ANDREW R RHODES CHIEF INFORMATION OFFICER 40.00 0.00 X 447497 0 18741 SONIA MONDOR SVP FP&A 40.00 0.00 X 434260 0 10530 ERIK K NELSON PARTNER, STAFFING SOLUTIONS 40.00 0.00 X 410778 0 19323 MICHAEL BECKER FORMER SVP STUDENT ENGAGEMENT 0.00 0.00 X 170518 0 0 8389552 0 219929 152 1 1 0 ADHERE INC 12555 W JEFFERSON BLVD STE 202 LOS ANGELES CA 90066 RECRUITING SUPPORT 14401375 GOOGLE INC 1600 AMPITHEATRE PKWY MOUNTAIN VIEW CA 94043 RECRUITING SUPPORT 10341054 ANSWERS IN CME INC 70 BROADWAY 2B STE 185 NEW YORK NY 10006 CME ACTIVITIES 5679819 CYGNUS MARKETING COMMUNICATIONS INC 100 E HECTOR ST STE 245 CONSHOHOCKEN PA 19428 RECRUITING SUPPORT 4229726 ARCHER EDUCATION INC 10975 BENSON DR STE 150 OVERLAND PARK KS 66210 RECRUITING SUPPORT 3602558 68 TUITION REVENUE 611210 346246034 346162534 83500 CONTINUING MEDICAL EDU 611210 18502614 18502614 364748648 8009813 8009813 1333337 2500733 -1167396 -1167396 -1167396 2280140 207792 2480065 0 -199925 207792 7867 7867 ADMINISTRATIVE SERVICE 561000 160000 0 160000 160000 371758932 364665148 243500 6850284 196857 196857 332808 332808 5985187 2887875 3097312 170518 170518 125149847 108921021 16228826 1470734 1258746 211988 11711007 8891980 2819027 9177653 7584684 1592969 3788739 3788739 594357 594357 145712 145712 71400 71400 11468663 2681550 8787113 57174697 57167419 7278 1360843 1145148 215695 7855927 3061577 4794350 6102973 5828376 274597 1167582 602231 565351 550152 200872 349280 11273373 11273373 3044159 3044159 950143 948973 1170 UNCOLLECTIBLE DEBTS 20766635 20766635 CME ACTIVITY 16258848 16258848 EDUCATIONAL SUPPLIES 10336088 10336088 TEXTBOOKS 5814352 5814352 2195981 1259311 936670 315115235 270462883 44652352 0 48167419 65841506 104707329 50320416 18771917 25291816 851756 552125 16375649 10360977 42301635 30620730 12594442 11680905 50440783 130505427 0 0 0 0 311708787 321018700 56194602 54834183 619812684 670406055 32239268 38599324 4938302 246000 40400968 42503818 174167237 166166672 72162078 72258840 39402552 37197632 363310405 356972286 X 256502279 313433769 256502279 313433769 619812684 670406055 X 56643697 4315174 -4027380 X 0 1 X 1 1 1 X 145712 145712 314636716 314782428 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 145712 145712 250000 250000 250000 250000 1000000 1500000 PART I-A, LINE 1: 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 2023. THESE COMPANIES ALSO ENGAGED WITH STATE EXECUTIVE AND LEGISLATIVE BODIES ON BEHALF OF THE ORGANIZATION DURING 2023. THESE PRIVATE COMPANIES RECEIVED TOTAL PAYMENTS OF $145,712 FROM THE ORGANIZATION. THE ORGANIZATION ALSO PAYS DUES TO TRADE ASSOCIATIONS, SOME OF WHICH MAY BE USED FOR LOBBYING PURPOSES. 0 13377776 7370195 6007581 13518767 11047893 2470874 15405092 12202642 3202450 11680905 RIGHT OF USE ASSETS HELD UNDER OPERATING LEASES, NET 26224403 DEBT SERVICE RESERVE FUND 20198536 LONG TERM ESCROW 7200000 DEPOSITS 733830 SUBLEASE RECEIVABLE 477414 54834183 OPERATING LEASE OBLIGATIONS 37197632 37197632 X PART X, LINE 2: THE FASB REQUIRES MANAGEMENT TO ANNUALLY EVALUATE THE ORGANIZATION'S TAX POSITIONS, INCLUDING ACCOUNTING FOR AND MEASUREMENT OF UNCERTAIN TAX POSITIONS. FOR THE YEAR ENDED DECEMBER 31, 2023, 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 2020. 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 SEE PART II SCHEDULE E, PART I, LINE 4 UMA EDUCATION, INC. CURRENTLY DOES NOT SOLICIT CONTRIBUTIONS. LINE 3 - EXPLANATION OF NONDISCRIMINATION POLICY: UMA IS DESIGNATED AS A MINORITY SERVING INSTITUTION (MSI) BY THE U.S. DEPARTMENT OF EDUCATION. 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 POPULATION IN THE U.S. LINE 6 - EXPLANATION OF GOVERNMENT FINANCIAL AID: THE ORGANIZATION RECEIVES FUNDS FROM GOVERNMENTAL AGENCIES, INCLUDING THE U.S. DEPARTMENT OF EDUCATION. 1 AMERICAN HEART ASSOCIATION INC 7272 GREENVILLE AVENUE DALLAS TX 752314596 135613797 501(C)(3) 63349 0 GO RED FOR WOMEN & ANNUAL HEART WALK FEEDING TAMPA BAY 4702 TRANSPORT DR BLDG 6 TAMPA FL 33605 592116576 501(C)(3) 56308 0 CONTRIBUTION FOR GENERAL PURPOSE FAPSC FOUNDATION 150 S MONROE ST STE 306 TALLAHASSEE FL 32301 842419350 501(C)(3) 25000 0 CONTRIBUTION FOR GENERAL PURPOSE AMERICAN CANCER SOCIETY INC 250 WILLIAMS ST ATLANTA GA 30303 131788491 501(C)(3) 20000 0 DE&I SPONSORSHIP; TAMPA CATTLE BARON'S BALL SPONSORSHIP UNITED WAY SUNCOAST INC 5201 W KENNEDY BLVD SUITE 600 TAMPA FL 33609 593725701 501(C)(3) 13500 0 LEADERSHIP LUNCHEON SPONSORSHIP AMERICAN RED CROSS 431 18TH STREET NW WASHINGTON DC 20006 530196605 501(C)(3) 12700 0 CONTRIBUTION FOR GENERAL PURPOSE 6 UMA INSTITUTIONAL GRANTS TO STUDENTS 2897 332808 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. X X X X 1 0 0 0 0 0 0 0 0 THOMAS RAMETTA PRESIDENT 695538 0 807605 0 0 0 12158 0 15051 0 1530352 0 0 0 ALEXANDRA SCHAFFRATH EVP & CHIEF FIN. & STRATEGY OFFICER 461438 0 333631 0 0 0 8285 0 23087 0 826441 0 0 0 NICOLE M ANZUONI EVP & CAO 451018 0 326360 0 0 0 6498 0 15636 0 799512 0 0 0 LINDA MIGNONE EXEC. VP & CHIEF MKT. OFFICER 440121 0 328127 0 0 0 7671 0 8625 0 784544 0 0 0 APRIL NEUMANN EVP OF WORKFORCE TRANSFORM 431113 0 242413 0 0 0 6463 0 8408 0 688397 0 0 0 GREGORY MUELLER SVP, OPERATIONS 398664 0 248925 0 0 0 4659 0 16878 0 669126 0 0 0 SUSAN A EDWARDS CHIEF COMPLIANCE OFFICER 371200 0 198493 0 0 0 6509 0 11911 0 588113 0 0 0 SCOTT SARRETT SVP STUDENT ENGAGEMENT 319561 0 188343 0 0 0 1354 0 15275 0 524533 0 0 0 ANDREW R RHODES CHIEF INFORMATION OFFICER 379561 0 67936 0 0 0 3952 0 14789 0 466238 0 0 0 SONIA MONDOR SVP FP&A 299148 0 135112 0 0 0 4398 0 6132 0 444790 0 0 0 ERIK K NELSON PARTNER, STAFFING SOLUTIONS 206289 0 204489 0 0 0 3687 0 15636 0 430101 0 0 0 JEFFREY B REESE DEP. GEN. COUNSEL/ASST. SEC. 179383 0 27523 0 0 0 2215 0 652 0 209773 0 0 0 MICHAEL BECKER FORMER SVP STUDENT ENGAGEMENT 0 0 0 0 170518 0 0 0 0 0 170518 0 0 0 PART I, LINE 4A: MICHAEL BECKER, SENIOR VICE PRESIDENT - STUDENT ENGAGEMENT, LEFT HIS POSITION IN DECEMBER 2021. HE RECEIVED $170,518 IN PAYMENT UNDER A SEPARATION AGREEMENT DURING THE CALENDAR YEAR 2023 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 12800000 187658921 13862093 2732854 109145 170954829 0 1 1 1 A 0 0 0 0 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 ITEM C, DOING BUSINESS AS: COMPLETE CONFERENCE MANAGEMENT, GLOBAL EDUCATION GROUP, ULTIMATE MEDICAL ACADEMY, AMERICAN INSTITUTE, NASIUM TRAINING 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. NASIUM TRAINING PROVIDES CUSTOMIZED HEALTHCARE TRAINING PROGRAMS DESIGNED TO HELP UPSKILL AND RE-SKILL INDIVIDUALS FOR IN-DEMAND JOBS. FORM 990 PART I, LINE 10 INVESTMENT INCOME DECREASED FROM $75,397,078 TO $8,017,680 IN THE 2023 CALENDAR YEAR PRIMARILY DUE TO A BUSINESS DIVESTITURE IN 2022. 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 4 REVISIONS WERE MADE TO THE UMA EDUCATION, INC. ARTICLES OF INCORPORATION AND BYLAWS. THE ARTICLES OF INCORPORATION WERE UPDATED TO CLARIFY CERTAIN TITLES AND REVISE THE INDEMNIFICATION PROVISION THEREIN. THE BYLAWS WERE UPDATED TO CLARIFY THE OPERATION OF THE BOARD AND ITS COMMITTEES. FORM 990, PART VI, SECTION A, LINE 6 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 TRUSTEES 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 TRUSTEE OF THE ORGANIZATION. ALL TRUSTEES 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 THEMSELF 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. TRUSTEES 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 HRBC (HUMAN RESOURCES, BENEFITS & COMPENSATION) COMMITTEE OF THE BOARD OF TRUSTEES, WHICH IS COMPRISED ENTIRELY OF INDEPENDENT TRUSTEES, 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 XI, LINE 9: ASSET IMPAIRMENT -4,027,380. NASIUM TRAINING LLC 9309 NORTH FLORIDA AVENUE TAMPA FL 33612 872699863 MEDICAL TRAINING PROGRAMS DE 83500 86809 UMA EDUCATION INC AI EDUCATION LLC 9309 NORTH FLORIDA AVENUE TAMPA FL 33612 922107936 VOCATIONAL EDUCATION DE 9188649 19335735 UMA EDUCATION INC CLINICAL AND PATIENT EDUCATORS ASSOCIATION 303 S BROADWAY SUITE 200-525 DENVER CO 80209 272280465 CONTINUING MEDICALEDUCATION CO 501(C)(3) LINE 7 N/A 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 1