2026-05-15T13:52:11+00:00 2025-06-30 135381590 BDO USA 8401 GREENSBORO DR STE 800 MCLEAN VA 221023599 990 2024-07-01 812898004 UMGC VENTURES INC UMGC 3019907898 7315 WISCONSIN AVE 400 BETHESDA MD 20814 RUBEN TERRAZAS VP, CHIEF FINANCIAL OFFICER 3019907898 2026-05-15 true TODD TERESCO P00247720 7038930600 2026-05-15 2024 2025-03-06 01:10:19Z RUBEN TERRAZAS 7315 WISCONSIN AVE 400 BETHESDA MD 20814 50960758 false X UMGCVENTURES.ORG X 2016 MD UMGC VENTURES IS AN ORGANIZATION THAT SUPPORTS THE UNIVERSITY OF MARYLAND UNIVERSITY GLOBAL CAMPUS (UMGC). THE PURPOSE OF UMGC 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. 7 7 219 2 0 0 0 50127814 50477424 579403 420383 31896 62951 50739113 50960758 345 0 0 30543405 32965452 0 0 20925645 19146025 51469395 52111477 -730282 -1150719 44486124 43587547 5023323 4706731 39462801 38880816 UMGC VENTURES IS AN ORGANIZATION THAT SUPPORTS THE UNIVERSITY OF MARYLAND UNIVERSITY GLOBAL CAMPUS (UMGC). THE PURPOSE OF UMGC 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. false false 46337246 0 50477424 UMGC VENTURES PROVIDES INNOVATIVE TECHNOLOGY TRANSFORMATION SERVICES TO EDUCATIONAL ORGANIZATIONS, THE LARGEST BEING UMGC, THROUGH ITS OWN AND ITS SUBSIDIARY, ACCELERED, CAPABILITIES UMGC VENTURES HAS PROVIDED A PLATFORM FOR THE DELIVERY OF EDUCATIONAL SERVICES THAT WILL SERVE THE NEEDS OF HIGHER EDUCATIONAL INSTITUTIONS. UMGCV 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 STUDENTS WORLDWIDE. UMGC VENTURES HELPS EDUCATIONAL INSTITUTIONS TRANSFORM THEMSELVES INTO EFFECTIVE, EFFICIENT AND WELL INTEGRATED ORGANIZATIONS THAT ARE THEN ABLE TO FOCUS ON CONTENT DEVELOPMENT AND SERVICE DELIVERY. 46337246 true false false true false false false false false false true false false false true 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 false false true true false false false false true 42 0 true 219 true false false false false false false false false false false false false X 7 7 false false false false false true false true false true false false true true true false true false true true false false MD X RUBEN TERRAZAS 3125054211 7315 WISCONSIN AVE STE BETHESDA MD 20814 CASSIE STROM BOARD MEMBER 5.0 0.0 X 80000 0 0 JOSEPH SERGI BOARD MEMBER 5.0 0.0 X 0 0 0 KRISTOPHYRE MCCALL BOARD MEMBER 5.0 0.0 X 0 0 0 LAWRENCE E LEAK BOARD MEMBER 5.0 0.0 X 93069 0 0 LAWRENCE GRAHAM BOARD MEMBER 5.0 0.0 X 80000 0 0 LYDIA WATERS THOMAS BOARD MEMBER 5.0 0.0 X 80000 0 0 WILLIAM ROBERTS BOARD MEMBER 5.0 0.0 X 100000 0 0 ASHISH PATEL PORTFOLIO PRESIDENT/CIO 40.0 0.0 X 488700 0 25480 RUBEN TERRAZAS THRU 1224 CHIEF FINANCIAL OFFICER 40.0 0.0 X 81854 0 3547 TIMOTHY BROWN THRU 0924 CHIEF FINANCIAL OFFICER 40.0 0.0 X 325130 0 18128 BARRY SUGARMAN VP, LEARNING PLATFORMS 40.0 0.0 X 262823 0 23900 GARY WILLIAM KOHLHEIM VP, IT SUPPORT OPERATIONS 40.0 0.0 X 224180 0 14651 NICHOLE MCDONALD VP, HUMAN RESOURCES 40.0 0.0 X 303161 0 26523 TULIO LAGOS VP, OPERATIONS & STRATEGY 40.0 0.0 X 238068 0 23918 VIDHYA SAGAR RAJU SAGIRAJU VP, PLATFORM ENGINEERING 40.0 0.0 X 302526 0 31717 BRIAN GNATT AVP, ENGAGEMENT PLATFORMS 40.0 0.0 X 207676 0 22793 DENISE DYER AVP, CRM 40.0 0.0 X 276796 0 26101 FEDOR VASQUEZ VP, DIGITAL PRODUCT DESIGN & TECHNOLOGY 40.0 0.0 X 219726 0 19627 MICHEAL PROKSCH CHIEF SCIENTIST 40.0 0.0 X 253899 0 24803 SHANKAR DAKSHNAMOORTHY AVP, STUDENT INFORMATION SYSTEMS DIGITAL PLATFORMS 40.0 0.0 X 208517 0 22090 DAVID CUMBERBATCH THRU 0624 FORMER CHIEF EXECUTIVE OFFICER 40.0 0.0 X 469209 0 19633 4295334 0 302911 116 true true false ACCENTURE LLP 1255 TREAT BOULEVARD SUITE 250 WALNUT CREEK CA 94597 CONSULTING 872347 IDEAL TECH LLC 3813 COURTLAND CIRCLE ALEXANDRIA VA 22305 TECHNOLOGY SERVICES 630000 KR STRATEGY USA LLC 70 GOLF AVENUE WOODSTOCK VT 05091 CONSULTING 458261 TRIBOLOGY ADVISORS LLC 1714 WEST SUPERIOR STREET APARTMENT 1W CHICAGO IL 60622 TECHNOLOGY SERVICES 278432 INSIGHT PROJECT SOLUTIONS LLC 8998 SOUTHWEST 211TH LANE CUTLER BAY FL 33189 TECHNOLOGY SERVICES 174525 8 0 CONTRACT REVENUE 999999 50477424 50477424 0 0 0 0 0 0 50477424 420383 0 0 420383 62951 0 0 62951 0 0 0 0 0 0 0 0 0 50960758 50477424 0 483334 X 3294239 2961249 332990 21942861 19835865 2106996 1613205 1473705 139500 4310307 3672853 637454 1804840 1689547 115293 209189 0 209189 269334 0 269334 13585648 12774490 811158 0 2530 0 2530 313374 0 313374 4001621 3546165 455456 45596 0 45596 439352 383372 55980 60455 0 60455 218926 0 218926 0 0 0 0 52111477 46337246 5774231 0 14967002 19537902 4807028 5152284 0 0 0 0 342020 453492 1012945 562777 69119 450168 20722450 15755736 0 3537712 2175126 0 40793 62839 44486124 43587547 5023323 4683796 0 0 0 22935 5023323 4706731 X 39462801 38880816 39462801 38880816 44486124 43587547 -1150719 568734 0 X false true true false X X 1 UNIVERSITY OF MARYLAND GLOBAL CAMPUS 526002033 9 true 0 0 1 0 0 true false false false false false false false false false false false false false false true false false false false false false false false false true 0 0 false 1012945 562777 450168 450168 Federal Income Taxes OPERATING LEASE 22935 22935 X 0 0 0 0 0 0 0 0 0 0 0 0 Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote THE INTERNAL REVENUE SERVICE HAS ISSUED A DETERMINATION LETTER TO UMGC VENTURES THAT IT IS EXEMPT FROM INCOME TAX UNDER SECTION 501(A) AS AN ENTITY DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. FURTHER, THE DETERMINATION LETTER STATES THAT UMGC VENTURES IS NOT A PRIVATE FOUNDATION SINCE IT IS A SUPPORTING ORGANIZATION OF UMGC. UMGC VENTURES IS EXEMPT FROM TAXES ON INCOME RELATED TO ITS EXEMPT PURPOSE. UMGC VENTURES IS SUBJECT TO TAXES ON BUSINESS INCOME UNRELATED TO ITS EXEMPT PURPOSE (UBI). MANAGEMENT HAS EVALUATED THE ORGANIZATION'S TAX POSITIONS AND HAS CONCLUDED THAT THE ORGANIZATION HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE CONSOLIDATED FINANCIAL STATEMENTS, THE ORGANIZATION IS GENERALLY NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY U.S. FEDERAL, STATE OR LOCAL TAX AUTHORITIES FOR YEARS 2021 AND PRIOR. X X X X true false false false false false false true false DAVID CUMBERBATCH THRU 0624 FORMER CHIEF EXECUTIVE OFFICER 287473 0 168000 0 13736 0 14226 0 5407 0 488842 0 0 0 ASHISH PATEL PORTFOLIO PRESIDENT/CIO 360700 0 97500 0 30500 0 25013 0 467 0 514180 0 20377 0 TIMOTHY BROWN THRU 0924 CHIEF FINANCIAL OFFICER 252076 0 51500 0 21554 0 15483 0 2645 0 343258 0 18564 0 NICHOLE MCDONALD VP, HUMAN RESOURCES 239831 0 47380 0 15950 0 18782 0 7741 0 329684 0 17320 0 BARRY SUGARMAN VP, LEARNING PLATFORMS 219563 0 43260 0 0 0 16285 0 7615 0 286723 0 15594 0 VIDHYA SAGAR RAJU SAGIRAJU VP, PLATFORM ENGINEERING 251063 0 28463 0 23000 0 20551 0 11166 0 334243 0 1304 0 TULIO LAGOS VP, OPERATIONS & STRATEGY 201201 0 19440 0 17427 0 16303 0 7615 0 261986 0 13893 0 GARY WILLIAM KOHLHEIM VP, IT SUPPORT OPERATIONS 191455 0 20600 0 12125 0 14651 0 0 0 238831 0 13577 0 FEDOR VASQUEZ VP, DIGITAL PRODUCT DESIGN & TECHNOLOGY 200118 0 19608 0 0 0 14763 0 4864 0 239353 0 14131 0 MICHEAL PROKSCH CHIEF SCIENTIST 209499 0 23000 0 21400 0 17188 0 7615 0 278702 0 0 0 DENISE DYER AVP, CRM 233854 0 25000 0 17942 0 18683 0 7418 0 302897 0 0 0 SHANKAR DAKSHNAMOORTHY AVP, STUDENT INFORMATION SYSTEMS DIGITAL PLATFORMS 168681 0 15000 0 24836 0 14475 0 7615 0 230607 0 0 0 BRIAN GNATT AVP, ENGAGEMENT PLATFORMS 192676 0 15000 0 0 0 14475 0 8318 0 230469 0 0 0 Schedule J, Part I, Line 4a Severance or change-of-control payment DAVID CUMBERBATCH SEVERANCE TOTAL: $64,615.40. BRENT ISCOE - SEVERANCE OF $89,500 IN SEPTEMBER OF 2024. Schedule J, Part I, Line 7 Non-fixed payments DISCRETIONARY BONUSES WERE ISSUED TO KEY EMPLOYEES. Form 990, Part VI, Line 7a Members or stockholders electing members of governing body THE BOARD CHAIR AND A MAJORITY OF THE REMAINING DIRECTORS OF THE CORPORATION SHALL BE APPOINTED BY THE PRESIDENT OF UMGC, WHICH IN THE CASE OF A TOTAL THREE (3) DIRECTORS, ONE (1) OF WHICH SHALL BE THE UMGC CHIEF DIGITAL OFFICER (OR EQUIVALENT) AND, IN THE CASE OF MORE THAN THREE (3), ONE OF WHICH SHALL ALSO BE THE UMGC CHIEF OPERATING OFFICER (OR EQUIVALENT). THE BOARD CHAIR SHALL APPOINT ALL OTHER DIRECTORS. THE PRESIDENT SHALL SERVE AS AN EX OFFICIO DIRECTOR WITHOUT VOTE AND SHALL NOT BE COUNTED TOWARD THE NUMBER OF DIRECTORS PERMITTED UNDER THIS SECTION OR FOR THE PURPOSES OF DETERMINING A QUORUM. Form 990, Part VI, Line 8b Documentation of meetings held by committees of governing body THE ORGANIZATION HAS NOT ESTABLISHED COMMITTEES. Form 990, Part VI, Line 9 Interested person not at organization's address DAVID CUMBERBATCH, CEO 3855 SEA OAKS CIRCLE DAVENPORT, IA 52807 TIMOTHY BROWN, VP STRATEGY & FINANCE 6713 LORING CT BETHESDA, MD 20817 Form 990, Part VI, Line 11b Review of form 990 by governing body THE FORM 990 IS MADE AVAILABLE TO MEMBERS OF THE GOVERNING BODY PRIOR TO FILING WITH THE IRS. Form 990, Part VI, Line 15a Process to establish compensation of top management official THE ORGANIZATION USES VARIOUS OUTSIDE INDEPENDENT CONSULTANTS WHO WORKS WITH MANAGEMENT TO EVALUATE COMPENSATION LEVELS IN THE REGION. Form 990, Part VI, Line 15b Process to establish compensation of other employees THE ORGANIZATION USES VARIOUS OUTSIDE INDEPENDENT CONSULTANTS WHO WORKS WITH MANAGEMENT TO EVALUATE COMPENSATION LEVELS IN THE REGION. Form 990, Part VI, Line 19 Required documents available to the public THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. Form 990, Part IX, Line 11g Other Fees CONSULTING SERVICES - Total Expense: 12846567, Program Service Expense: 12774490, Management and General Expenses: 72077, Fundraising Expenses: ; PROFESSIONAL & OTHER SERVICES - Total Expense: 739081, Program Service Expense: 0, Management and General Expenses: 739081, Fundraising Expenses: ; ACCELERED LLC 7315 WISCONSIN AVE STE 400 BETHESDA MD 20814 821765282 IT SERVICES MD 46108067 17831366 UMGC 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 NA C Corporation -1179011 9559997 0.184 false false false false false false false false false false true true false true true true true true true HELIOCAMPUS INC K 8000 CASH