Civic Intelligence

Uma Education Inc.

990 • Fiscal year 2017 • EIN 47-2578950

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 13, 2018

3101 Wdrmartin Luther King JrblvdTampa, FL 33607

(813) 898-2588

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

87th percentile

0.85x

Higher debt load relative to assets than 87% of similar nonprofits.

2017 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2017

Liabilities / Revenue

80th percentile

1.20x

Higher debt load relative to revenue than 80% of similar nonprofits.

2017 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2017

Net Margin

66th percentile

9.0%

Higher net margin than 66% of similar nonprofits.

2017 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2017

Top Officer Pay

48th percentile

$841,699

Higher top officer pay than 48% of similar nonprofits.

Top officer pay equals 0.3% of source-year revenue.

2017 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2017

Asset Growth

37th percentile

4.0%

Faster asset growth than 37% of similar nonprofits.

2017 filings • 501(c)3 • $250M-$1B nonprofits • Annualized from 2016 to 2017

Revenue Growth

36th percentile

2.5%

Faster revenue growth than 36% of similar nonprofits.

2017 filings • 501(c)3 • $250M-$1B nonprofits • Annualized from 2016 to 2017

Assets

Up

$437,194,177

Up $16,625,080 (+4.0%) from 2016

Net Assets

Up

$63,480,521

Up $28,103,678 (+79%) from 2016

Liabilities

Down

$373,713,656

Down $11,478,598 (-3.0%) from 2016

Revenue

Up

$311,612,728

Up $7,692,837 (+2.5%) from 2016

Expenses

Down

$283,509,050

Down $2,781,177 (-1.0%) from 2016

Net Income

Up

$28,103,678

Up $10,474,014 (+59%) from 2016

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$800M$600M$400M$200M$0Assets 2014: $0Liabilities 2014: $0Net Assets 2014: $02014Assets 2015: $397,301,955Liabilities 2015: $379,554,776Net Assets 2015: $17,747,1792015Assets 2016: $420,569,097Liabilities 2016: $385,192,254Net Assets 2016: $35,376,8432016Assets 2017: $437,194,177Liabilities 2017: $373,713,656Net Assets 2017: $63,480,5212017Assets 2018: $439,692,819Liabilities 2018: $351,595,967Net Assets 2018: $88,096,8522018Assets 2019: $493,264,195Liabilities 2019: $387,765,538Net Assets 2019: $105,498,6572019Assets 2020: $546,392,502Liabilities 2020: $407,724,653Net Assets 2020: $138,667,8492020Assets 2021: $547,011,615Liabilities 2021: $393,986,009Net Assets 2021: $153,025,6062021Assets 2022: $619,812,684Liabilities 2022: $363,310,405Net Assets 2022: $256,502,2792022Assets 2023: $670,406,055Liabilities 2023: $356,972,286Net Assets 2023: $313,433,7692023Assets 2024: $743,212,636Liabilities 2024: $352,701,182Net Assets 2024: $390,511,4542024

Highlighted filing

2017

Assets$437,194,177
Liabilities$373,713,656
Net Assets$63,480,521

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$600M$400M$200M$0Revenue 2014: $0Expenses 2014: $0Net Income 2014: $02014Revenue 2015: $209,358,397Expenses 2015: $191,611,218Net Income 2015: $17,747,1792015Revenue 2016: $303,919,891Expenses 2016: $286,290,227Net Income 2016: $17,629,6642016Revenue 2017: $311,612,728Expenses 2017: $283,509,050Net Income 2017: $28,103,6782017Revenue 2018: $326,767,245Expenses 2018: $302,150,914Net Income 2018: $24,616,3312018Revenue 2019: $311,140,293Expenses 2019: $293,738,488Net Income 2019: $17,401,8052019Revenue 2020: $333,275,661Expenses 2020: $300,123,682Net Income 2020: $33,151,9792020Revenue 2021: $320,576,346Expenses 2021: $305,953,968Net Income 2021: $14,622,3782021Revenue 2022: $391,657,452Expenses 2022: $291,390,350Net Income 2022: $100,267,1022022Revenue 2023: $371,758,932Expenses 2023: $315,115,235Net Income 2023: $56,643,6972023Revenue 2024: $457,258,968Expenses 2024: $381,513,323Net Income 2024: $75,745,6452024

Highlighted filing

2017

Revenue$311,612,728
Expenses$283,509,050
Net Income$28,103,678
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 13, 2018
Return Version
2017v2.3
Gross Receipts
$311,612,728
Mission and Program Overview

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.

SEE SCHEDULE O

Balance Sheet Detail
LineBeginningEndChange
Assets
Intangible Assets$317,613,075$316,368,451▼ $1,244,624
Loans From Officers Directors$307,378,265$283,834,972▼ $23,543,293
Cash and Non-Interest-Bearing Accounts$45,118,221$59,100,250▲ $13,982,029
Savings and Temporary Cash Investments$21,206,810$24,924,830▲ $3,718,020
Accounts Receivable$16,545,609$16,668,985▲ $123,376
Prepaid Expenses and Deferred Charges$10,164,391$9,245,707▼ $918,684
Land, Buildings, and Equipment, Net$7,755,246$8,380,724▲ $625,478
Inventories for Sale or Use$1,501,014$1,790,016▲ $289,002
Total Assets$420,569,097$437,194,177▲ $16,625,080
Other Assets Total$664,731$715,214▲ $50,483
Liabilities
Deferred Revenue$30,961,124$37,670,601▲ $6,709,477
Accounts Payable and Accrued Expenses$25,984,625$24,164,966▼ $1,819,659
Mortgage Notes Payable Secured by Investment Property$13,212,659$17,960,151▲ $4,747,492
Grants Payable$4,660,246$7,362,003▲ $2,701,757
Other Liabilities$2,995,335$2,720,963▼ $274,372
Total Liabilities$385,192,254$373,713,656▼ $11,478,598
Net Assets / Fund Balance
Unrestricted Net Assets$35,376,843$63,480,521▲ $28,103,678
Total Net Assets Fund Balance$35,376,843$63,480,521▲ $28,103,678
Total Liabilities and Net Assets / Fund Balance$420,569,097$437,194,177▲ $16,625,080

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$2,507,568$4,742,906$7,250,474
Other Land Buildings$3,201,300$3,316,487$6,517,787
Leasehold Improvements$2,671,856$1,318,261$3,990,117
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Apanovitch DerekPresidentFT$613,698$228,001$841,699
Rametta ThomasChief Financial OfficerFT$408,912$158,890$567,802
Verratti MatthewExecutive Vice PresidentFT$380,963$168,507$549,470
Highbloom DavidExecutive Vice PresidentFT$303,404$216,139$519,543
Hyland Robert GExecutive Vice PresidentFT$339,440$100,516$439,956
Grzybowski AndrewVice PresidentFT$176,598$243,608$420,206
Edwards Susan aChief Compliance OfficerFT$301,831$102,138$403,969
Anzuoni Nicole MGeneral Counsel / Corp. Sec.FT$292,160$97,162$389,322
Becker MichaelSVP, Student EngagementFT$279,978$99,524$379,502
Schaffrath AlexandraSVP, Strategic InitiativesFT$271,929$100,087$372,016
Rains Erika MSVP, FinanceFT$251,439$110,423$361,862
Lewis BrandyVP, Business Operations-$345,838-$345,838
Lewis StephenGeneral Manager-$345,838-$345,838
Garland Elizabeth FSVP, Strategic OperationsFT$228,580$95,829$324,409
Neumann AprilVP, Career ServicesFT$256,001$56,688$312,689
Wilson Jeremy WChief Information OfficerFT$266,534$44,273$310,807
Mueller GregorySVP, OperationsFT$252,400$50,715$303,115
Soschin Daniel aVP, Mktg Comm & PhilanthropyFT$180,550$111,540$292,090
Polin Theodore LChief Governance Officer & Board MemberFT$245,080$29,257$274,337
Polin Theodore LChief Governance Officer & Board Mem-$243,496$30,841$274,337
Lifschultz LowellSenior AdvisorFT$195,000$293$195,293
Witemeyer Hazen aChief Administrative OfficerFT$97,302$68,956$166,258
Kemler StevenSenior AdvisorFT$140,011$12,071$152,082
Kendall Sitarski Laura KAssistant SecretaryFT$137,131$1,070$138,201
Friedman RichardChairman of the BoardPT$35,000$10,000$45,000
Burghardt StephenBoard MemberPT$30,000$10,000$40,000
Hawk ChristopherBoard MemberPT$30,000$10,000$40,000
Mcdevitt SheilaBoard MemberPT$30,000$10,000$40,000
Swift JaneBoard MemberPT$30,000$10,000$40,000
Wootten MatthewBoard MemberPT$30,000$10,000$40,000
Bailey DarlyneBoard MemberPT$29,167$9,722$38,889

Highest Paid Contractors

ContractorServicesLocationCompensation
Google INCRecruiting Support1600 AMPHITHEATRE PKWY, Mountain View, CA 94043$5,775,677
Progress Interactive Medical EducationCme Activities20 COMMERCE DR STE 135, Cranford, NJ 07016$4,327,733
Bookmasters INCBooks Warehousing And Fulfillment30 AMBERWOOD PARKWAY, Ashland, OH 44805$3,157,889
All Star Directories INCRecruiting Support101 STEWART STREET SUITE 500, Seattle, WA 98101$2,972,851
Educationdynamics LLCRecruiting Support5 MARINE VIEW PLAZA SUITE 212, Hoboken, NJ 07030$2,824,499
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$311,430,467
Investment Income
$57,261
Other Revenue
$125,000
Change in Net Assets
$28,103,678
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$140,087,223
Salaries, Compensation, and Employee Benefits$130,342,560
Grants and Similar Amounts Paid$13,079,267
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$98,499,177$8,525,865-$107,025,042
Advertising$29,894,811$28,547-$29,923,358
Interest$18,007,839--$18,007,839
Grants to Domestic Individuals$13,079,267--$13,079,267
Payroll Taxes$7,969,509$374,019-$8,343,528
Fees for Services Other$5,721,654$2,249,673-$7,971,327
Occupancy$7,049,262$550,270-$7,599,532
Current Officers, Directors, Trustees, and Key Employees$4,060,321$3,287,724-$7,348,045
Other Employee Benefits$6,180,813$297,248-$6,478,061
Other Expenses$6,088,510$1,289-$6,089,799
Information Technology$3,469,769$1,804,838-$5,274,607
Depreciation Depletion$4,849,517--$4,849,517
Office Expenses$2,190,441$491,865-$2,682,306
All Other Expenses$1,201,582$431,878-$1,633,460
Travel$856,544$737,620-$1,594,164
Fees for Services Legal$281,260$828,615-$1,109,875
Insurance$472,191$580,741-$1,052,932
Comp Disqual Persons-$614,696-$614,696
Pension Plan Contributions$467,798$65,390-$533,188
Conferences and Meetings$234,487$176,079-$410,566
Fees for Services Accounting-$158,976-$158,976
Total Functional Expenses$262,303,702$21,205,348$0$283,509,050
International Activity

International Summary

Offices
0
Employees
0
Spending
$23,000

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
North AmericaProgram ServicesAccme Certification00$23,000
Europe (including Iceland & Greenland)Program ServicesAccme & Eaccme Certification00-
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-See Part VSee Part VNo$338,000
-See Part VSee Part VNo$276,696
-See Part VSee Part VNo$125,000

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$307,378,265$283,834,972▼ $23,543,293
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred Rent$2,720,963
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
Yes
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

Steven kemler and lowell lifschultz have a business relationship.

Form 990, Part VI, Section A, Line 4

The organization made modifications to its bylaws during 2017, notably to clarify that the officers of the organization include a chair of the board and, instead of an executive director, a president.

Form 990, Part VI, Section A, Line 6

Clinical and patient educators association ("cpea") is the sole member of the organization.

Form 990, Part VI, Section A, Line 7A

Cpea has the right to elect the members of the board of directors of the organization.

Form 990, Part VI, Section A, Line 7B

Certain major governance decisions of the organization require approval of cpea, the sole member of the organization. Specifically, the board of directors of the organization must obtain the approval of cpea before executing any agreement of merger or consolidation, approving the dissolution of the organization, or approving the sale or exchange of all or substantially all of the assets of the organization.

Form 990, Part VI, Section B, Line 11B

Management worked with an outside accountant to prepare the form 990. Management reviewed the draft form 990 with the outside accountant. A finalized draft of the full form 990 is provided to the whole board prior to its filing with the irs.

Form 990, Part VI, Section B, Line 12C

The organization maintains a conflict of interest policy to protect the integrity of the organization, including as it relates to any transaction that might benefit the private interest of an officer or director of the organization. All directors and officers are covered under the policy. In connection with any actual or possible conflict of interest, the interested person must disclose all material facts to the board of directors. After disclosure of such facts, the interested party may not participate in the determination of a conflict of interest. The board will decide if a conflict exists. If a conflict is determined to exist, the interested person must recuse himself or herself from participation in the discussion on the related party transaction. The board will evaluate whether the transaction is fair, reasonable, and in the best interest of the organization and whether an alternative to the transaction is reasonably achievable. Following such evaluation, the board shall decide whether to approve the transaction. Directors and officers are required to complete a conflict of interest questionnaire annually.

Form 990, Part VI, Section B, Line 15

Compensation of the top management official and certain other officers or key employees of the organization was reviewed and approved by the compensation committee of the board of directors, which is comprised entirely of independent directors, after reviewing comparable compensation information provided by an independent compensation consulting firm. The firm provided that information based on its performance of a study for the committee to evaluate the compensation levels of similarly qualified persons in functionally comparable positions at similarly situated organizations. Deliberations and decisions regarding the compensation arrangements were contemporaneously documented.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest policy, form 990, form 990-t and financial statements available upon request for the same period of disclosure as set forth in section 6104(d).

Filing and Contact Details

Filer

Filer Name
Uma Education Inc
EIN
47-2578950
Phone
8138982588
Address
3101 WDRMARTIN LUTHER KING JRBLVD, TAMPA, FL 33607
Doing Business As
See Schedule O

Signing Officer

Name
Thomas Rametta
Title
Chief Financial Officer
Phone
8138982588
Signed
2018-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Derek Apanovitch
Formed
2014
Legal Domicile
De
Voting Board Members
8
Independent Board Members
7
Employees
3,278
Volunteers
0

Preparer

Firm
Rsm US Llp
Address
4 TIMES SQUARE, NEW YORK, NY 10036
Preparer
Lynne Johnson
Phone
2123721000
Supplemental Narrative

Additional Explanations

Form 990, Part I, Item C

Dba: ultimate medical academy dba: complete conference management dba: global education group dba: med learning group

Form 990, Part I, Line 1

Uma 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. The organization offers content-rich, interactive online courses as well as hands-on training at its campuses. The organization offers its students extensive academic advising, one-on-one or group tutoring, resume writing guidance, interview coaching, job search assistance, and technical support. The institution is accredited by the accrediting bureau of health education schools. The organization also provides continuing medical education ("cme"), educating physicians, nurses, and other medical professionals throughout the united states. The organization's cme division utilizes innovative online courses as well as live conferences that employ industry current technology to maximize the learner experience and, ultimately, improve patient outcomes. The organization is also accredited by the accreditation council for continuing medical education and several other medical professional accrediting bodies.

Financial Statement Notes

PART X, LINE 2:

The organization is a not-for-profit corporation that is exempt from federal income taxes under section 501(c)(3) of the internal revenue code ("irc") whereby only unrelated business income as defined by section 512(a)(1) of the irc is subject to federal income tax. Any tax on the unrelated business activities is not significant to the consolidated financial statements. Accordingly, no provision or liability for income taxes is recorded in the consolidated financial statements. Fasb requires management to annually evaluate the organization's tax positions, including accounting and measurement of uncertain tax positions. For the year ending december 31, 2017, management concluded that no uncertain tax positions had been taken that would require adjustments to or disclosure in the consolidated financial statements. With few exceptions, the organization is no longer subject to income tax examinations by federal, state, or local tax authorities for years before 2014.

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IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt3ALL STAR DIRECTORIES INC
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IRS990/Desc0SEE SCHEDULE OTHE ORGANIZATION PROVIDES PROGRAMS THAT PREPARE STUDENTS FOR ROLES IN THE HEALTHCARE INDUSTRY. THE ORGANIZATION'S STUDENT POPULATION FOR SUCH PROGRAMS WAS APPROXIMATELY 14,250 AS OF DECEMBER 31, 2017, WITH APPROXIMATELY 390 ACTIVE FACULTY STAFF MEMBERS.SPECIFICALLY, THE ORGANIZATION OFFERS THE FOLLOWING PROGRAMS:-ASSOCIATE DEGREE PROGRAMS HEALTH AND HUMAN SERVICES HEALTH INFORMATION TECHNOLOGY HEALTH SCIENCE HEALTHCARE MANAGEMENT MEDICAL BILLING AND CODING NURSING ASSOCIATE-DIPLOMA PROGRAMS BASIC X-RAY WITH MEDICAL OFFICE PROCEDURES DENTAL ASSISTANT WITH EXPANDED FUNCTIONS HEALTHCARE TECHNOLOGY & SYSTEMS MEDICAL ADMINISTRATIVE ASSISTANT MEDICAL ASSISTANT MEDICAL BILLING AND CODING MEDICAL OFFICE AND BILLING SPECIALIST NURSING ASSISTANT PATIENT CARE TECHNICIAN PHARMACY 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.
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