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Nonprofiteer
← UMA EDUCATION INC

Form 990 for tax year 2022

Filed by UMA EDUCATION INC.

Totals

Total revenue
$391,657,452
Total expenses
$291,390,350
Contributions and grants received
$0
Grants paid
$4,906,716
Program service revenue
$316,602,172
Investment income
$75,397,078
Other revenue
-$341,798
Total assets, end of year
$619,812,684
Total liabilities, end of year
$363,310,405
Net assets or fund balances, end of year
$256,502,279
Program services expenses (Part IX)
$253,414,808
Management and general expenses
$37,975,542
Fundraising expenses
$0
Program service expenses (Part III)
$253,414,808

Program services were 87.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: TUITION REVENUE

    total $268,856,063 · related or exempt $268,856,063

  • 2b · Program service revenue: CONTINUING MEDICAL EDU

    total $33,374,085 · related or exempt $33,374,085

  • 2c · Program service revenue: CME - OTHER

    total $14,372,024 · related or exempt $14,372,024

  • 3 · Investment income

    total $1,225,878 · excluded $1,225,878

  • 6a · Gross rents

    real property $1,502,641

  • 6b · Less rental expenses

    real property $2,035,883

  • 6c · Rental income or loss

    real property -$533,242

  • 6d · Net rental income or loss

    total -$533,242 · excluded -$533,242

  • 7a · Gross sales of assets other than inventory

    securities $2,025,888 · other assets $77,980,760

  • 7b · Less cost or other basis and sales expenses

    securities $2,042,038 · other assets $3,793,410

  • 7c · Gain or loss

    securities -$16,150 · other assets $74,187,350

  • 7d · Net gain or loss

    total $74,171,200 · excluded $74,171,200

  • 11a · Other revenue: ADMINISTRATIVE SERVICE

    total $191,444 · related or exempt $95,722 · unrelated business $95,722

  • 11e · Other revenue, total

    $191,444

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $122,776 · program services $122,776

  • 2 · Grants to domestic individuals

    total $4,783,940 · program services $4,783,940

  • 5 · Compensation of officers, directors and key employees

    total $6,297,630 · program services $3,238,890 · management and general $3,058,740

  • 7 · Other salaries and wages

    total $110,631,052 · program services $95,415,656 · management and general $15,215,396

  • 8 · Pension plan contributions

    total $815,424 · program services $745,554 · management and general $69,870

  • 9 · Other employee benefits

    total $10,024,030 · program services $8,666,075 · management and general $1,357,955

  • 10 · Payroll taxes

    total $8,249,559 · program services $7,378,448 · management and general $871,111

  • 11b · Fees: legal

    total $1,191,743 · management and general $1,191,743

  • 11c · Fees: accounting

    total $488,012 · management and general $488,012

  • 11f · Fees: investment management

    total $22,414 · management and general $22,414

  • 11g · Fees: other

    total $10,626,801 · program services $7,366,574 · management and general $3,260,227

  • 12 · Advertising and promotion

    total $47,727,559 · program services $47,701,095 · management and general $26,464

  • 13 · Office expenses

    total $1,058,790 · program services $813,790 · management and general $245,000

  • 14 · Information technology

    total $6,826,541 · program services $3,005,838 · management and general $3,820,703

  • 16 · Occupancy

    total $5,716,722 · program services $5,399,621 · management and general $317,101

  • 17 · Travel

    total $469,727 · program services $185,115 · management and general $284,612

  • 19 · Conferences, conventions and meetings

    total $468,548 · program services $183,386 · management and general $285,162

  • 20 · Interest

    total $11,546,667 · program services $11,546,667

  • 22 · Depreciation, depletion and amortization

    total $3,390,100 · program services $3,390,100

  • 23 · Insurance

    total $954,186 · program services $929,843 · management and general $24,343

  • 24a · Other expenses: CME ACTIVITY

    total $26,567,804 · program services $19,703,593 · management and general $6,864,211

  • 24b · Other expenses: UNCOLLECTIBLE DEBTS

    total $18,389,022 · program services $18,389,022

  • 24c · Other expenses: EDUCATIONAL SUPPLIES

    total $8,232,641 · program services $8,232,641

  • 24d · Other expenses: TEXTBOOKS

    total $5,336,310 · program services $5,336,310

  • 24e · All other expenses

    total $1,452,352 · program services $879,874 · management and general $572,478

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $111,207,777 · end of year $48,167,419

  • 2 · Savings and temporary cash investments

    beginning of year $25,001,253 · end of year $104,707,329

  • 4 · Accounts receivable

    beginning of year $18,080,761 · end of year $18,771,917

  • 8 · Inventories for sale or use

    beginning of year $960,222 · end of year $851,756

  • 9 · Prepaid expenses and deferred charges

    beginning of year $11,308,052 · end of year $16,375,649

  • 10a · Land, buildings and equipment: cost or other basis

    $40,475,459

  • 10b · Land, buildings and equipment: accumulated depreciation

    $27,881,017

  • 10c · Land, buildings and equipment, net

    beginning of year $14,405,193 · end of year $12,594,442

  • 11 · Investments: publicly traded securities

    end of year $50,440,783

  • 13 · Investments: program-related

    beginning of year $2,085,817

  • 14 · Intangible assets

    beginning of year $311,908,787 · end of year $311,708,787

  • 15 · Other assets

    beginning of year $52,053,753 · end of year $56,194,602

  • 17 · Accounts payable and accrued expenses

    beginning of year $42,539,494 · end of year $32,239,268

  • 18 · Grants payable

    beginning of year $7,657,934 · end of year $4,938,302

  • 19 · Deferred revenue

    beginning of year $45,403,461 · end of year $40,400,968

  • 20 · Tax-exempt bond liabilities

    beginning of year $181,909,908 · end of year $174,167,237

  • 23 · Secured mortgages and notes payable

    beginning of year $523,177

  • 24 · Unsecured notes and loans payable

    beginning of year $72,068,326 · end of year $72,162,078

  • 25 · Other liabilities

    beginning of year $43,883,709 · end of year $39,402,552

  • 27 · Net assets without donor restrictions

    beginning of year $153,025,606 · end of year $256,502,279

Mission and programs · 2022

Mission

SEE SCHEDULE OUMA EDUCATION, INC. OPERATES ULTIMATE MEDICAL ACADEMY, AN EDUCATIONAL INSTITUTION COMMITTED TO EQUIPPING AND EMPOWERING STUDENTS FOR HEALTHCARE CAREERS. HEADQUARTERED IN TAMPA AND HAVING A NATIONAL PRESENCE, THE ORGANIZATION STRIVES TO PROVIDE A LEARNING EXPERIENCE THAT MAXIMIZES VALUE FOR OUR STUDENTS IN A PROFESSIONAL AND SUPPORTIVE ENVIRONMENT.

Activities or mission (Part I)

SEE SCHEDULE O

  • SCHEDULE O THE ORGANIZATION PROVIDES PROGRAMS THAT PREPARE STUDENTS FOR ROLES IN THE HEALTHCARE INDUSTRY. THE ORGANIZATION'S STUDENT POPULATION FOR SUCH PROGRAMS WAS APPROXIMATELY 14,410 AS OF DECEMBER 31, 2022, WITH APPROXIMATELY 310 ACTIVE FACULTY STAFF MEMBERS.SPECIFICALLY, THE ORGANIZATION OFFERS THE FOLLOWING PROGRAMS:-ASSOCIATE DEGREE PROGRAMS HEALTH AND HUMAN SERVICES HEALTH INFORMATION MANAGEMENT HEALTHCARE ACCOUNTING HEALTHCARE MANAGEMENT HEALTH SCIENCE MEDICAL BILLING AND CODING-DIPLOMA PROGRAMS DENTAL ASSISTANT WITH EXPANDED FUNCTIONS EMERGENCY MEDICAL TECHNICAN MEDICAL ADMINISTRATIVE ASSISTANT MEDICAL ASSISTANT MEDICAL BILLING AND CODING MEDICAL OFFICE AND BILLING SPECIALIST NURSING ASSISTANT PATIENT CARE TECHNICIAN PHLEBOTOMY TECHNICIANTHE ORGANIZATION PROVIDES ROBUST LEARNER AND CAREER SERVICES TO HELP PRODUCE STRONG OUTCOMES FOR ITS STUDENTS. SUCH SERVICES INCLUDE TUTORING, MENTORING, LIFE SKILLS COACHING, FINANCIAL LITERACY TRAINING, CAREER READINESS PREPARATION, AND JOB PLACEMENT ASSISTANCE.THE ORGANIZATION ALSO PROVIDES NUMEROUS CONTINUING MEDICAL EDUCATION ACTIVITIES FOR HEALTHCARE PROFESSIONALS IN BOTH LIVE AND ONLINE SETTINGS. THESE ACTIVITIES DIFFER FROM YEAR TO YEAR GIVEN THE EDUCATIONAL NEEDS OF PHYSICIANS, NURSES, PHARMACISTS, AND OTHER MEDICAL PROFESSIONALS.

    Expenses $253,414,808 · Grants $4,906,716 · Revenue $316,697,894

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Rametta Thomas

    PRESIDENT

    Total calculated
    $1,419,274
    From this org
    $1,381,967
    From related orgs
    $0
    Other
    $37,307
    Hours/week
    40 + 2 related

    Schedule J breakdown matched by us

    Base
    $661,948
    Bonus
    $720,019
    Other
    $0
    Deferred
    $6,685
    Nontaxable benefits
    $30,622
    Filer's total
    $1,419,274

  • Bailey Darlyne

    CHAIR OF THE BOARD

    Total calculated
    $70,000
    From this org
    $70,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    15 + 3 related

  • Polin Theodore L

    VICE CHAIR OF THE BOARD

    Total calculated
    $60,000
    From this org
    $60,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    10 + 2 related

  • Campbell Hugh

    BOARD MEMBER

    Total calculated
    $58,333
    From this org
    $58,333
    From related orgs
    $0
    Other
    $0
    Hours/week
    10 + 2 related

  • Mincey Karen

    BOARD MEMBER

    Total calculated
    $58,333
    From this org
    $58,333
    From related orgs
    $0
    Other
    $0
    Hours/week
    10 + 2 related

  • Wall Williams Saundra

    BOARD MEMBER

    Total calculated
    $58,333
    From this org
    $58,333
    From related orgs
    $0
    Other
    $0
    Hours/week
    10 + 2 related

  • Burghardt Stephen

    BOARD MEMBER

    Total calculated
    $50,000
    From this org
    $50,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    10 + 2 related

  • Hawk Christopher MD

    BOARD MEMBER

    Total calculated
    $50,000
    From this org
    $50,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    10 + 2 related

  • McDevitt Sheila

    BOARD MEMBER

    Total calculated
    $50,000
    From this org
    $50,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    10 + 2 related

  • Schaffrath Alexandra

    EVP & CHIEF FIN. & STRATEGY OFFICER

    Total calculated
    $760,470
    From this org
    $721,289
    From related orgs
    $0
    Other
    $39,181
    Hours/week
    40 + 2 related

    Schedule J breakdown matched by us

    Base
    $426,869
    Bonus
    $294,420
    Other
    $0
    Deferred
    $4,411
    Nontaxable benefits
    $34,770
    Filer's total
    $760,470

  • Mignone Linda

    EXEC. VP & CHIEF MKT. OFFICER

    Total calculated
    $749,809
    From this org
    $734,887
    From related orgs
    $0
    Other
    $14,922
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $429,793
    Bonus
    $302,694
    Other
    $2,400
    Deferred
    $4,339
    Nontaxable benefits
    $10,583
    Filer's total
    $749,809

  • Anzuoni Nicole M Evp Chief

    LEGAL & PEOPLE OFFICER / CORP. SEC.

    Total calculated
    $743,279
    From this org
    $723,231
    From related orgs
    $0
    Other
    $20,048
    Hours/week
    40 + 2 related

    Schedule J breakdown matched by us

    Base
    $425,648
    Bonus
    $296,897
    Other
    $686
    Deferred
    $513
    Nontaxable benefits
    $19,535
    Filer's total
    $743,279

  • Hyland Robert G Executive

    VICE PRESIDENT (UNTIL 10/3/2022)

    Total calculated
    $661,376
    From this org
    $636,442
    From related orgs
    $0
    Other
    $24,934
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $339,677
    Bonus
    $296,765
    Other
    $0
    Deferred
    $3,067
    Nontaxable benefits
    $21,867
    Filer's total
    $661,376

  • Reese Jeffrey B

    ASSOC. GEN. COUNSEL/ASST. CORP. SEC.

    Total calculated
    $185,563
    From this org
    $182,552
    From related orgs
    $0
    Other
    $3,011
    Hours/week
    40 + 2 related

    Schedule J breakdown matched by us

    Base
    $157,467
    Bonus
    $24,629
    Other
    $456
    Deferred
    $2,270
    Nontaxable benefits
    $741
    Filer's total
    $185,563

  • Mueller Gregory

    SVP, OPERATIONS

    Total calculated
    $618,315
    From this org
    $604,379
    From related orgs
    $0
    Other
    $13,936
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $370,490
    Bonus
    $230,170
    Other
    $3,719
    Deferred
    $3,867
    Nontaxable benefits
    $10,069
    Filer's total
    $618,315

  • Neumann April Executive

    VICE PRESIDENT (FROM 12/4/2022)

    Total calculated
    $588,544
    From this org
    $575,777
    From related orgs
    $0
    Other
    $12,767
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $362,791
    Bonus
    $212,986
    Other
    $0
    Deferred
    $3,462
    Nontaxable benefits
    $9,305
    Filer's total
    $588,544

  • Edwards Susan A

    CHIEF COMPLIANCE OFFICER

    Total calculated
    $577,330
    From this org
    $546,291
    From related orgs
    $0
    Other
    $31,039
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $359,849
    Bonus
    $185,357
    Other
    $1,085
    Deferred
    $3,398
    Nontaxable benefits
    $27,641
    Filer's total
    $577,330

  • Sarrett Scott

    SVP STUDENT ENGAGEMENT

    Total calculated
    $471,853
    From this org
    $445,627
    From related orgs
    $0
    Other
    $26,226
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $298,963
    Bonus
    $146,664
    Other
    $0
    Deferred
    $1,038
    Nontaxable benefits
    $25,188
    Filer's total
    $471,853

  • Nelson Erik K

    SENIOR DIRECTOR OF STRATEGY

    Total calculated
    $428,270
    From this org
    $406,605
    From related orgs
    $0
    Other
    $21,665
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $206,173
    Bonus
    $200,000
    Other
    $432
    Deferred
    $2,130
    Nontaxable benefits
    $19,535
    Filer's total
    $428,270

  • Mondor Sonia

    VP FP&A

    Total calculated
    $408,150
    From this org
    $399,612
    From related orgs
    $0
    Other
    $8,538
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $273,142
    Bonus
    $123,772
    Other
    $2,698
    Deferred
    $1,166
    Nontaxable benefits
    $7,372
    Filer's total
    $408,150

  • Donahue David A

    SVP, CHIEF ORG WELLNESS & SAFETY

    Total calculated
    $354,912
    From this org
    $339,441
    From related orgs
    $0
    Other
    $15,471
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $171,217
    Bonus
    $166,815
    Other
    $1,409
    Deferred
    $1,601
    Nontaxable benefits
    $13,870
    Filer's total
    $354,912

  • Kendall Sitarski Laura K

    SR. COUNSEL(FORMER ASST.SEC. 6/3/17)

    Total calculated
    $244,720
    From this org
    $243,288
    From related orgs
    $0
    Other
    $1,432
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $211,272
    Bonus
    $32,016
    Other
    $0
    Deferred
    $1,075
    Nontaxable benefits
    $357
    Filer's total
    $244,720

  • Becker Michael

    FORMER SVP STUDENT ENGAGEMENT

    Total calculated
    $404,202
    From this org
    $404,202
    From related orgs
    $0
    Other
    $0
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $750
    Bonus
    $0
    Other
    $403,452
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $404,202

  • Grzybowski Andrew

    FORMER VICE PRESIDENT

    Total calculated
    $794,608
    From this org
    $0
    From related orgs
    $787,061
    Other
    $7,547
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $214,444 related
    Bonus
    $0 + $572,132 related
    Other
    $0 + $485 related
    Deferred
    $0 + $6,100 related
    Nontaxable benefits
    $0 + $1,447 related
    Filer's total
    $0 + $794,608 related

  • Guerriero John

    FORMER DIR. ADVOCACY & PARTNERSHIPS

    Total calculated
    $545,382
    From this org
    $0
    From related orgs
    $543,368
    Other
    $2,014
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $159,124 related
    Bonus
    $0 + $384,215 related
    Other
    $0 + $29 related
    Deferred
    $0 + $722 related
    Nontaxable benefits
    $0 + $1,292 related
    Filer's total
    $0 + $545,382 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment

Answered no

  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 4A
BECKER, MICHAEL, SENIOR VICE PRESIDENT - STUDENT ENGAGEMENT, LEFT THE POSITION IN DECEMBER 2021. HE RECEIVED $403,452 IN PAYMENT UNDER A SEPARATION AGREEMENT DURING THE CALENDAR YEAR 2022 AND IT IS REPORTED IN PART II, COLUMN (B)(II) AND (III).

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • NASIUM TRAINING LLC

    MEDICAL TRAINING PROGRAMS · DE · income $0 · assets $121,027

    Directly controlled by UMA EDUCATION INC

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • MED LEARNING GROUP HOLDINGS LLC (UNTIL 12302022)

    RELATED · CONTINUING MEDICAL EDUCATION · DE · share of income $2,955,284

    Directly controlled by UMA EDUCATION INC

Provenance

Return type
form_990
Tax year
2022
Filed
14 November 2023
IRS schema version
2022v5.0
Source object
202343199349307269

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