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UMGC VENTURES INC

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Public nonprofit record

UMGC VENTURES INC

EIN 81-2898004 · Fund Raising & Fund Distribution - Education (B12)

What they do

UMGC VENTURES is AN ORGANIZATION THAT SUPPORTS THE UNIVERSITY of MARYLAND UNIVERSITY GLOBAL CAMPUS (UMGC). THE PURPOSE of UMGC VENTURES is THREEFOLD: - to SUPPORT UMGCS 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.

Money

Financial picture

Tax year 2024
Revenue$50,960,758
Expenses$52,111,477
Assets$43,587,547
Income$50,960,758
Grants given$16,025,000
Average grant$8,012,500
Management$5,774,231
Stocks and bonds$15,755,736
Accounting fees$269,334

About this charity

Recognized since
January 2016
Location
7315 WISCONSIN AVE 400, BETHESDA, MD 20814
County
Montgomery
In care of
RUBEN TERRAZAS
Primary officer
RUBEN TERRAZAS, VP, CHIEF FINANCIAL OFFICER

How to reach them

Filing and classification

Latest tax year
2024
Tax period began
July 1, 2024
Return type
990
Tax preparer
BDO USA
NTEE classification
Fund Raising & Fund Distribution - Education (B12)
IRS tax category
Fund Raising & Fund Distribution
Grant-giving organization
Yes
More public IRS record details

These are classification codes from the organization’s public nonprofit record.

Subsection
03
Affiliation
3
Classification
1000
Deductibility
1
Foundation
13
Organization
1
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About this report: Information comes from public nonprofit records and may show the latest filing available.

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