Civic Intelligence

Uma Education Inc.

990 • Fiscal year 2021 • EIN 47-2578950

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 15, 2022

9309 North Florida Avenue 100Tampa, FL 33612

(813) 898-2588

Siviq Scores

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

Liabilities / Assets

82nd percentile

0.72x

Higher debt load relative to assets than 82% of similar nonprofits.

2021 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2021

Liabilities / Revenue

79th percentile

1.23x

Higher debt load relative to revenue than 79% of similar nonprofits.

2021 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2021

Net Margin

38th percentile

4.6%

Higher net margin than 38% of similar nonprofits.

2021 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2021

Top Officer Pay

71st percentile

$1,315,754

Higher top officer pay than 71% of similar nonprofits.

Top officer pay equals 0.4% of source-year revenue.

2021 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2021

Asset Growth

14th percentile

0.1%

Faster asset growth than 14% of similar nonprofits.

2021 filings • 501(c)3 • $250M-$1B nonprofits • Annualized from 2020 to 2021

Revenue Growth

16th percentile

-3.8%

Faster revenue growth than 16% of similar nonprofits.

2021 filings • 501(c)3 • $250M-$1B nonprofits • Annualized from 2020 to 2021

Assets

Up

$547,011,615

Up $619,113 (+0.1%) from 2020

Net Assets

Up

$153,025,606

Up $14,357,757 (+10%) from 2020

Liabilities

Down

$393,986,009

Down $13,738,644 (-3.4%) from 2020

Revenue

Down

$320,576,346

Down $12,699,315 (-3.8%) from 2020

Expenses

Up

$305,953,968

Up $5,830,286 (+1.9%) from 2020

Net Income

Down

$14,622,378

Down $18,529,601 (-56%) from 2020

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

2021

Assets$547,011,615
Liabilities$393,986,009
Net Assets$153,025,606

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

2021

Revenue$320,576,346
Expenses$305,953,968
Net Income$14,622,378
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 15, 2022
Return Version
2021v4.2
Gross Receipts
$321,376,313
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$314,417,913$311,908,787▼ $2,509,126
Cash and Non-Interest-Bearing Accounts$111,172,940$111,207,777▲ $34,837
Savings and Temporary Cash Investments$25,000,000$25,001,253▲ $1,253
Accounts Receivable$16,613,941$18,080,761▲ $1,466,820
Land, Buildings, and Equipment, Net$14,148,748$14,405,193▲ $256,445
Prepaid Expenses and Deferred Charges$8,710,508$11,308,052▲ $2,597,544
Investments Program Related-$2,085,817-
Inventories for Sale or Use$849,030$960,222▲ $111,192
Total Assets$546,392,502$547,011,615▲ $619,113
Other Assets Total$55,479,422$52,053,753▼ $3,425,669
Liabilities
Tax Exempt Bond Liabilities$183,376,143$181,909,908▼ $1,466,235
Unsecured Notes Loans Payable$71,977,400$72,068,326▲ $90,926
Deferred Revenue$50,290,343$45,403,461▼ $4,886,882
Other Liabilities$46,997,825$43,883,709▼ $3,114,116
Accounts Payable and Accrued Expenses$44,982,864$42,539,494▼ $2,443,370
Grants Payable$8,881,486$7,657,934▼ $1,223,552
Mortgage Notes Payable Secured by Investment Property$1,218,592$523,177▼ $695,415
Total Liabilities$407,724,653$393,986,009▼ $13,738,644
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$138,667,849$153,025,606▲ $14,357,757
Total Net Assets Fund Balance$138,667,849$153,025,606▲ $14,357,757
Total Liabilities and Net Assets / Fund Balance$546,392,502$547,011,615▲ $619,113

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$6,022,455$10,238,882$16,261,337
Leasehold Improvements$6,397,338$5,348,312$11,745,650
Equipment$1,985,400$7,187,468$9,172,868
Other Assets Org$40,035--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Rametta ThomasPresidentFT$636,048$679,706$1,315,754
Hyland Robert GExecutive Vice PresidentFT$405,513$310,148$715,661
Grzybowski AndrewVice PresidentFT$174,134$540,616$714,750
Becker Michael SvpStudent Engagement (until 12/03/21)FT$405,084$301,999$707,083
Mignone LindaExec. VP & Chief Mkt. OfficerFT$423,820$271,251$695,071
Anzuoni Nicole MEvp & General Counsel / Corp. Sec.FT$407,863$281,506$689,369
Schaffrath AlexandraEvp & Chief Fin. & Strategy OfficerFT$398,522$279,856$678,378
Mueller GregorySVP, OperationsFT$362,345$235,065$597,410
Edwards Susan aChief Compliance OfficerFT$355,003$205,595$560,598
Neumann AprilSenior Vice PresidentFT$335,273$208,384$543,657
Donahue David aSVP & Chief of StaffFT$317,223$167,737$484,960
Garland Elizabeth F SvpHuman Resources (until 11/19/21)FT$302,386$158,712$461,098
Guerriero John GDirector of Advocacy & PartnershipsFT$128,810$330,050$458,860
Kendall Sitarski Laura KSr. Counsel(former Asst.sec. 6/3/17)-$181,800$13,268$195,068
Reese Jeffrey BAssoc. Gen. Counsel/asst. Corp. Sec.FT$152,180$28,508$180,688
Bailey DarlyneChair of the BoardPT$70,000-$70,000
Polin Theodore LVice Chair of the BoardPT$60,000-$60,000
Burghardt StephenBoard MemberPT$50,000-$50,000
Friedman RichardBoard Member (until 12/31/21)PT$50,000-$50,000
Hawk ChristopherBoard MemberPT$50,000-$50,000
Mcdevitt SheilaBoard MemberPT$50,000-$50,000
Wootten MatthewBoard Member (until 12/31/21)PT$50,000-$50,000

Board Members and Trustees

NameTitle
Campbell HughBoard Member (from 11/01/21)
Mincey KarenBoard Member (from 11/01/21)
Wall-williams SaundraBoard Member (from 11/01/21)

Highest Paid Contractors

ContractorServicesLocationCompensation
Google INCRecruiting Support1600 AMPHITHEATRE PKWY, Mountain View, CA 94043$8,659,179
Progress Interactive Medical EducationCme Activities20 COMMERCE DRIVE STE 135, Cranford, NJ 07016$5,302,557
Adhere INCRecruiting Support97 SOUTH SECOND STREET, San Jose, CA 95113$5,239,365
Archer Education INCRecruiting Support12555 W JEFFERSON BLVD STE 202, Los Angeles, CA 90066$4,918,330
Answers In Cme INCCme Activities71 BROADWAY 2B STE 185, New York, NY 10006$3,933,225
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$321,071,758
Investment Income
$113,403
Other Revenue
$-608,815
Change in Net Assets
$14,622,378
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$149,929,336
Salaries, Compensation, and Employee Benefits$146,319,507
Grants and Similar Amounts Paid$9,705,125
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$105,019,751$14,004,749-$119,024,500
Advertising$44,016,413$12,936-$44,029,349
Interest$11,685,362--$11,685,362
Fees for Services Other$8,535,894$2,782,583-$11,318,477
Other Employee Benefits$9,940,738$1,045,006-$10,985,744
Grants to Domestic Individuals$9,309,750--$9,309,750
Payroll Taxes$7,948,412$762,602-$8,711,014
Occupancy$7,415,713$298,575-$7,714,288
Information Technology$3,642,719$3,715,905-$7,358,624
Other Expenses$6,984,666--$6,984,666
Current Officers, Directors, Trustees, and Key Employees$3,864,359$2,813,083-$6,677,442
Depreciation Depletion$4,183,375--$4,183,375
All Other Expenses$1,160,319$1,037,826-$2,198,145
Fees for Services Legal-$1,571,249-$1,571,249
Office Expenses$883,412$483,779-$1,367,191
Insurance$222,845$785,914-$1,008,759
Pension Plan Contributions$742,632$82,175-$824,807
Fees for Services Accounting-$452,325-$452,325
Conferences and Meetings$95,999$327,269-$423,268
Grants to Domestic Orgs$395,375--$395,375
Travel$32,456$218,739-$251,195
Comp Disqual Persons-$96,000-$96,000
Fees for Service Investment Mgmnt Fees-$36,315-$36,315
Total Functional Expenses$275,426,938$30,527,030$0$305,953,968
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Schools Mentoring and Resource TeamSan Francisco, CA501(c)(3)Contribution for General Purpose$220,000
The Youth Mental Health ProjectSilver Spring, MD501(c)(3)Contribution for General Purpose$75,000
Clinical and Patient Educators AssociationDenver, CO501(c)(3)Contribution for General Purpose$35,000
American Heart Association IncDallas, TX501(c)(3)CONTRIBUTION FOR "2021 TAMPA BAY GO RED FOR WOMEN"$20,000
Feeding Tampa BayTampa, FL501(c)(3)Contribution for General Purpose$15,375
Big Brothers Big SistersTampa, FL501(c)(3)Sponsorship for Art of Helping Children Virtual Gala$15,000
Fapsc FoundationTampa, FL501(c)(3)Contribution for General Purpose$10,000
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
Yes
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Operating Lease Obligations$43,883,709

Bond Issues

BondIssuerIssuedIssue PricePurpose
APublic Finance Authority2019-12-19$187,658,921SEE PART VI

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$187,658,921$170,954,829-$2,732,854

Bond Financing Compliance

No rebate due
No
Rebate not yet due
Yes
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
Yes
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 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
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 1A

Thomas rametta cannot vote on his own compensation or employment. All other voting rights amongst members.

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 trustees 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 trustees 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 trustee of the organization. All trustees 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 trustees. 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 deliberations 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. Trustees 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 trustees, which is comprised entirely of independent trustees, 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
9309 NORTH FLORIDA AVENUE 100, TAMPA, FL 33612
Doing Business As
See Schedule O

Signing Officer

Name
Thomas Rametta
Title
President
Phone
8138982588
Signed
2022-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Thomas Rametta
Formed
2014
Legal Domicile
De
Voting Board Members
11
Independent Board Members
10
Employees
2,855
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, DESCRIPTION OF ORGANIZATION MISSION:

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 and interview coaching, job search assistance, technical support and more. 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 federal or state income taxes is recorded in the consolidated financial statements. The fasb requires management to annually evaluate the organization's tax positions, including accounting and measurement of uncertain tax positions. For the year ended december 31, 2021, management concluded that no uncertain tax positions had been taken that would require adjustment 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 2018.

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IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt0GOOGLE INC
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt1PROGRESS INTERACTIVE MEDICAL EDUCATION
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt2ADHERE INC
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt3ARCHER EDUCATION INC
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IRS990/Desc0SCHEDULE O THE ORGANIZATION PROVIDES PROGRAMS THAT PREPARE STUDENTS FOR ROLES IN THE HEALTHCARE INDUSTRY. THE ORGANIZATION'S STUDENT POPULATION FOR SUCH PROGRAMS WAS APPROXIMATELY 13,320 AS OF DECEMBER 31, 2021, WITH APPROXIMATELY 320 ACTIVE FACULTY STAFF MEMBERS.SPECIFICALLY, THE ORGANIZATION OFFERS THE FOLLOWING PROGRAMS:-ASSOCIATE DEGREE PROGRAMS HEALTH AND HUMAN SERVICES HEALTH INFORMATION MANAGEMENT HEALTH INFORMATION TECHNOLOGY HEALTH SCIENCE HEALTHCARE MANAGEMENT MEDICAL BILLING AND CODING HEALTHCARE ACCOUNTING-DIPLOMA PROGRAMS 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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IRS990/MissionDesc0SEE 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.
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