UMGC Ventures Inc

Nonprofit profile at a glance

EIN
812898004
IRS 990 coverage
2016–2024
Official website data refreshed
Sep 2026
Forms available
Form 990 2024
Location
Bethesda, MD, USA
Phone
3019907898
Rating
84
Verdict
STRONG
Rating confidence
Moderate
Sector
Fund Raising and/or Fund Distribution

Official website

Reported finances

Revenue
$50,960,758
Expenses
$52,111,477
Assets
$43,587,547
Liabilities
$4,706,731

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

21 people listed

Executive titles in this filing

  • ASHISH PATEL (PORTFOLIO PRESIDENT/CIO)
  • DAVID CUMBERBATCH THRU 0624 (FORMER CHIEF EXECUTIVE OFFICER)

Highest reported compensation

  • ASHISH PATEL (PORTFOLIO PRESIDENT/CIO): $514,180 total reported compensation
  • DAVID CUMBERBATCH THRU 0624 (FORMER CHIEF EXECUTIVE OFFICER): $488,842 total reported compensation
  • TIMOTHY BROWN THRU 0924 (CHIEF FINANCIAL OFFICER): $343,258 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To support the University of Maryland Global Campus (UMGC) by fostering innovation, entrepreneurship, and strategic partnerships that advance educational opportunities and workforce development.

What it reported doing in 2024

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.

Operating model

Revenue model
Other-operating. 99% of the money available for current operations came from other operating revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 80
  • Transparency & Controls: 88
  • Accountability: 95
  • Sustainability: 28
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 91%; rating input score 91
  • Program expense ratio: 88.9%; rating input score 89
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
  • Pay-setting controls: 4 of 6 controls in place; rating input score 67
    • Compensation committee: Missing
    • Independent consultant: Pass
    • Other Form 990s reviewed: Missing
    • Written employment contract: Pass
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 77th percentile among comparable filings
  • Governance controls: 8 of 9 controls in place; rating input score 89
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Fail
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -2.3%; rating input score 18; 18th percentile among comparable filings
  • Total-asset coverage ratio: 0.84; rating input score 33; 33rd percentile among comparable filings
  • Liabilities to assets ratio: 0.11; rating input score 81; 81st percentile among comparable filings
  • Officer compensation ratio: 8.8%; rating input score 4; 4th percentile among comparable filings

Growth

  • Program expense growth: 11.6% per year; rating input score 100; 80th percentile among comparable filings
  • Revenue growth: 8.8% per year; rating input score 100; 71st percentile among comparable filings
  • Asset growth: 9.3% per year; rating input score 100; 67th percentile among comparable filings

Details

  • What they do: 1 programs and campaigns described on the official site · 1 operating location identified
  • Where the money goes: 91% of revenue deployed · 88.9% of spending went to programs
  • Governance: 7 of 7 board members independent · 8 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $46.3M in reported program spending
  • Leadership: top reported pay $514K · 21 people listed · 4 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $2.4M reported
  • Consistency: 28 of 28 current checks pass
  • Schedules: 6 filed schedules · includes executive pay
  • Filing history: 9 filing years from 2016 to 2024
  • Contacts: How to reach this organization
  • Money network: 19 filed money-flow records
  • Related organizations: 3 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Sustainability: Operating margin scored 18/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 33/100.
  • Review — Accountability: Governance controls: Document-retention policy not reported.
  • High — Sustainability: Officer compensation ratio scored 4/100.