Umuc Ventures Inc
85% goes to programs Strong reserves
Umuc Ventures Inc is a 501(c)(3) organization based in Bethesda, Maryland, registered in 2016, with $50,739,113 in FY2023 revenue. CharityIndex grades it A, and it directs about 85% of spending to programs.
7315 Wisconsin Ave, Bethesda, MD, 20814 EIN 81-2898004 Since 2016
Revenue (FY2023)
$50.7M
▲ 26.7% vs prior year
Education median: $200K
Expenses (FY2023)
$51.5M
Net assets
$39.5M
Employees
200
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
AProgram efficiency40% of the rating85% to programs
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Umuc Ventures Inc: 85% to programs earns a A on this criterion. See the exact thresholds →
AFinancial health25% of the rating9 mo reserves · -1% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Umuc Ventures Inc: 9 mo reserves · -1% margin earns a A on this criterion. See the exact thresholds →
AGovernance25% of the rating5 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Umuc Ventures Inc: 5 of 6 checks met earns a A on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Umuc Ventures Inc: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
See schedule o
What they do
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.
Contact & location
- Address
- 7315 Wisconsin Ave, Bethesda, MD, 20814
- City
- Bethesda
- State
- Maryland
- Category
- Education
- Subcategory
- Support Foundations & Fundraising
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $0 (FY2016) to $50.7M (FY2023) across 8 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $5.0MNet assets $39.5M
Operating margin
-1.4%
Spent more than it raised in the latest fiscal year.
Total assets
$44.5M
Total liabilities
$5.0M
Net assets
$39.5M
Salaries & benefits
$30.5M
59% of expenses
Board members
7
7 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $50,739,113▲26.7% | $51,469,395▲28.4% | $39,462,801▼1.2% | $44,486,124▲2.6% | 990 |
| 2022 | $40,053,558▼7.8% | $40,082,987▲0.7% | $39,930,504▼2.1% | $43,352,317▼3.5% | 990 |
| 2021 | $43,421,101▼9.0% | $39,820,634▼9.9% | $40,792,369▲1.1% | $44,908,555▲1.8% | 990 |
| 2020 | $47,696,802▼43.4% | $44,207,999▼30.6% | $40,336,062▲11.0% | $44,098,237▲8.5% | 990 |
| 2019 | $84,307,133▲88.2% | $63,681,101▲76.5% | $36,342,507▲39.7% | $40,633,738▲34.6% | 990 |
| 2018 | $44,785,681▲69.8% | $36,082,026▲59.8% | $26,007,993▲54.9% | $30,189,096▲14.0% | 990 |
| 2017 | $26,378,581 | $22,583,553▲1025% | $16,788,094▲29.2% | $26,493,188▲101% | 990 |
| 2016 | $0 | $2,006,934 | $12,993,066 | $13,192,076 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
Highest-paid: Ashish Patel — $350,827 (0.68% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Ashish Patel | Interim Ceo | 40 | $350,827 |
| Timothy Brown | Treasurer, Vp, Strategy & Fin | 40 | $305,325 |
| Nichole Mcdonald | Vp, Human Resources | 40 | $281,609 |
| Patrick Turner Thru 923 | Vp, It & Security Operations | 40 | $258,595 |
| Barry Sugarman | Vp, Learning Platforms | 40 | $252,408 |
| Jay Cohen Thru 923 | Vp, Architecture, Integrations | 40 | $221,361 |
| Fedor Vasquez | Vp, Digital Prod Design & Tech | 40 | $210,796 |
| Tulio Lagos | Vp, Operations & Strategy | 40 | $202,705 |
| Christopher Tatem | Vp, Solution Design & Dev. | 40 | $197,441 |
| Gary William Kohlheim | Avp, It Support Operations | 40 | $192,645 |
| Brent Inscoe | Avp, Strategic Communications | 40 | $189,700 |
| Rocco Giannini | Director, Server Engineering | 40 | $185,407 |
| Dolores Vaccaro | Finance Director | 40 | $180,611 |
| William Roberts | Board Member | 5 | $100,000 |
| Lawrence E Leak | Board Member | 5 | $91,689 |
| Cassie Strom | Board Member | 5 | $80,000 |
| Lawrence Graham | Board Member | 5 | $80,000 |
| Lydia Waters Thomas | Board Member | 5 | $80,000 |
| David Cumberbatchthru 0624 | Chief Executive Officer | 40 | $15,987 |
| Joseph Sergi | Board Member | 5 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Ideal Tech LLC | It Services | $747,960 |
| Accenture LLP | Consulting Services | $457,500 |
| Eliassen Group LLC | Consulting Services | $163,155 |
| Worldbridge Partners Hartford LLC | Recruitment Agency | $126,000 |
| Wendelin Jean Colby | Prof. Services | $122,588 |
Grants made · $25K in FY2021
1 grant totaling $25K in FY2021. All grants made by Umuc Ventures Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| University System of Maryland Foundation | Program support | $25,000 |
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Frequently asked questions
- Is Umuc Ventures Inc a legitimate nonprofit?
- Yes. Umuc Ventures Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 81-2898004, based in Bethesda, Maryland. Donations are tax-deductible.
- What is Umuc Ventures Inc's EIN?
- Umuc Ventures Inc's Employer Identification Number (EIN) is 81-2898004.
- How much revenue does Umuc Ventures Inc report?
- Umuc Ventures Inc reported $50,739,113 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Umuc Ventures Inc's spending goes to programs?
- Umuc Ventures Inc spends about 85% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Umuc Ventures Inc have?
- CharityIndex grades Umuc Ventures Inc A, based on program efficiency and fundraising cost.
- How much does Umuc Ventures Inc's highest-paid employee make?
- The highest reported compensation on Umuc Ventures Inc's latest Form 990 is $350,827, paid to Ashish Patel (Interim Ceo).
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Data for Umuc Ventures Inc (EIN 81-2898004) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.