Overview
What is Umgc Ventures Inc?
UMGC Ventures Inc, based at University of Maryland Global College (UMGC), is a nonprofit organization dedicated to offering technology transformation services to educational institutions, primarily UMGC. Their mission encompasses three main objectives: aiding UMGC's transition into a forward-thinking educational institution, investing in and nurturing new business ventures, and utilizing the university's assets to generate social and economic benefits. UMGC Ventures plays a pivotal role in enabling UMGC to adapt to future trends and create value from its resources.
Official website here: www.umucventures.org
Is Umgc Ventures Inc legitimate?
Umgc Ventures Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Umgc Ventures Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $2,151,906
Professional Fundraising Fees: $0
Other Salaries and Wages: $15,950,492
For more financial information, click here
Official website here: www.umucventures.org
What is the mission statement of Umgc Ventures Inc?
UMGC Ventures Inc is a supporting organization for the University of Maryland Global College (UMGC), dedicated to delivering technology transformation services to educational institutions. Its primary objectives include aiding UMGC in its transition into a forward-thinking educational institution, fostering new business ventures, and utilizing the university's resources to generate social and economic value. UMGC Ventures serves as a catalyst for UMGC's transformation and growth by investing in and incubating innovative businesses, while maximizing the university's assets to contribute positively to the educational sector.
Official website here: www.umucventures.org
Who is the CEO of Umgc Ventures Inc?
Tim Brown is the Chief Executive Officer of Umgc Ventures Inc. The CEO's salary of Umgc Ventures Inc is $402,192 and their total compensation is $446,077.
Official website here: www.umucventures.org
What is the revenue of Umgc Ventures Inc?
Who are the executives of Umgc Ventures Inc and what are their salaries?
The average compensation at Umgc Ventures Inc during 2022 was $88,304. There are 205 employees at Umgc Ventures Inc.
Here are 19 key members and their salaries (Umgc Ventures Inc's CEO's salary is $402,192 and their total compensation is $446,077):
- Wendelin Colby (Chief Executive Officer) [Trustee/Director]
- Nichole Mcdonald (Vp, Human Resources)
- John Shin (Vp, Products & Software)
- Anne Kottmeier (Chief Product Officer)
- Fedor Vasquez (Vp, Digital Product Design & T)
- Christopher Tatem (Solution Design & Dev. Vp)
- Jocelyn Rojeck (Vp, Learning Technology)
- Tulio Lagos (Avp, Digital Product Mgmt & An)
- Dolores Vaccaro (Finance Director)
- Tracy Harris (Chief Financial Officer)
- Daniel Parker (Senior Director)
- Brent Inscoe (Avp, Strategic Communication)
- William Roberts (Board Member) [Trustee/Director]
- William Zemp (Board Member) [Trustee/Director]
- Lawrence Leak (Board Member) [Trustee/Director]
- Lydia Waters Thomas (Board Member) [Trustee/Director]
- Cassie Strom (Board Member) [Trustee/Director]
- Kristophyre Mccall (Board Member) [Trustee/Director]
- Joseph Sergi (Board Member) [Trustee/Director]
Official website here: www.umucventures.org
Where can I find the form 990 for Umgc Ventures Inc?
The Umgc Ventures Inc’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.umucventures.org
Learn more at the official website: www.umucventures.org
Mission Statement of Umgc Ventures Inc
UMGC Ventures Inc, a supporting organization of the University of Maryland Global College (UMGC), is on a mission to facilitate technological advancements within educational institutions, with UMGC being the primary beneficiary. UMGC Ventures serves three essential purposes: first, it aids UMGC in its evolution into a forward-thinking educational institution; second, it invests in and nurtures new business ventures; third, it harnesses the university's resources to generate social and economic value. UMGC Ventures plays a pivotal role in UMGC's transformation, ensuring the university remains at the forefront of modern education. By providing innovative technology solutions, UMGC Ventures sets the stage for UMGC to adapt to the ever-changing educational landscape and meet the needs of a diverse student body. Additionally, the organization's investment in new business ventures fosters a culture of innovation and entrepreneurship, creating opportunities for growth within UMGC and beyond. Leveraging the university's resources, UMGC Ventures aims to create meaningful impacts, both internally and externally, contributing to the university's goal of making a difference in the world of education.
Impact
This information is meant to be a general summary of Umgc Ventures Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Umgc Ventures Inc's impact lies in its ability to provide innovative technology transformation services to educational organizations, with a primary focus on supporting the University of Maryland Global College (UMGC). By investing in and incubating new business ventures, Umgc Ventures plays a vital role in supporting UMGC's transformation into a future-focused institution. Additionally, the organization leverages the university's resources to create both social and economic value. Through its efforts, Umgc Ventures contributes to advancing educational technology and fostering growth and innovation within the educational sector.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONTRACT REVENUE
Revenue
$43,255,258
Organization Details
Founding Year
2016
Phone
(301) 990-7898
Principal Officer
Tim Brown
Main Address
7315 Wisconsin Ave Suite 400, Bethesda, MD, 20814
Website
www.umucventures.org
NTEE Category
Code: B12 - Education
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