Umgc Ventures
Umgc Ventures reported $51.0 million in revenue and $52.1 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $88.92 went to program services, $11.08 to management and general costs and $0.00 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 99.1% of the total. The highest compensation it reported for one person was $514,180 (PORTFOLIO PRESIDENT/CIO). 116 people received more than $100,000 in reportable compensation. Revenue fell 40% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $52MFor context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $51MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 88.9% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 11.1% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | Not reported | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 0.0% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 99.1% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $514,180 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.99% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 116 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 9.0 | 13.3 |
| Independent voting board members Part VI 1a–1b | 7 of 7 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseUmgc 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…
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| PORTFOLIO PRESIDENT/CIO Officer, 40.0 hrs/week | $488,700 | $0 | $25,480 | $514,180 |
| FORMER CHIEF EXECUTIVE OFFICER Former, 40.0 hrs/week | $469,209 | $0 | $19,633 | $488,842 |
| CHIEF FINANCIAL OFFICER Officer, 40.0 hrs/week | $325,130 | $0 | $18,128 | $343,258 |
| VP, PLATFORM ENGINEERING Key employee, 40.0 hrs/week | $302,526 | $0 | $31,717 | $334,243 |
| VP, HUMAN RESOURCES Key employee, 40.0 hrs/week | $303,161 | $0 | $26,523 | $329,684 |
| AVP, CRM Highest compensated employee, 40.0 hrs/week | $276,796 | $0 | $26,101 | $302,897 |
| VP, LEARNING PLATFORMS Key employee, 40.0 hrs/week | $262,823 | $0 | $23,900 | $286,723 |
| CHIEF SCIENTIST Highest compensated employee, 40.0 hrs/week | $253,899 | $0 | $24,803 | $278,702 |
116 people received more than $100,000 in reportable compensation from Umgc Ventures (Part VII, line 2). Compensation of current officers, directors and key employees totaled $3.3M (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b7 · 7 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14No
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4Yes
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 5219
- Volunteers Part I, line 62
Correct a figure or respond
Every number above is copied from Umgc Ventures's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Umgc Ventures, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Umgc Ventures spent in FY2025, $88.92 went to programs. The full breakdown, from its IRS Form 990:
Questions people ask
How much of Umgc Ventures's spending goes to programs?
In the fiscal year ending June 30, 2025, Umgc Ventures reported that 88.9% of its $52.1 million in expenses went to program services, 11.1% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does Umgc Ventures pay its top executive?
The largest total compensation Umgc Ventures reported for one person in the fiscal year ending June 30, 2025 was $514,180, for the role of PORTFOLIO PRESIDENT/CIO (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Umgc Ventures get its money?
Of $51.0 million in revenue in the fiscal year ending June 30, 2025, 0.0% came from contributions and grants and 99.1% from program service revenue (Form 990, Part VIII).
Is Umgc Ventures a registered charity?
The IRS lists EIN 81-2898004 as a 501(c)(3) organization (organization operated for a governmental college or university), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202621359349310712 · read the filing
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202521349349311142 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202411359349304486 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202311339349301041 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202241299349304104 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202141359349300124 · read the filing
All filings for EIN 81-2898004: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.