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UMUC Ventures INC

Public charity
DBA: % RUBEN TERRAZAS
Other · BETHESDA, MD · EIN 81-2898004

About

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.

In care of Ruben Terrazas

Donations are tax-deductible
Category
Other
Employees
198
Volunteers
0

Financial Snapshot

FY ending 2023-06-30
Revenue
$40.1M
Expenses
$40.1M
Assets
$43.4M
Liabilities
$3.4M

Financial history

$44.8M$22.4M$0
17181920212223
RevenueExpenses
Latest FY2023: $40.1M · Peak FY2019: $44.8M · Avg: $30.9M

501(h) election

This 501(c)(3) has NOT elected 501(h) — lobbying is permitted but limited under the vaguer "no substantial part of activities" test.

Political & Grant Activity

Campaign Spending
Lobbying
$120K
Grants Given
$303
UMUC VENTURES INC
Your actions

Address

7315 Wisconsin AVE
Bethesda, MD, 20814-320

Governance

Voting board members7
Independent members5
Conflict-of-interest policyYes
Whistleblower policyYes
Doc-retention policyNo
Audit committeeYes
990 reviewed by boardYes

Compensation practices

Severance paymentsNo
Equity-based compNo
Supplemental retirement planNo
Used comp surveyYes
Initial contract exceptionNo
Public records
ProPublica Nonprofit Explorer
Full 990 PDFs going back to 2001, plus parsed financial extracts. The easiest place to read actual filings.
IRS Tax Exempt Organization Search
IRS-side authoritative source. Confirms current exempt status and pulls the latest determination letter.
These open in a new tab. AllCiv doesn't host filings directly — these are the authoritative public-record sources.