Umbc Training Enterprises Inc
- Assets
- $5.0m
- Revenue
- $14.7m
- Investments
- $0.0
- Employees
- 53
- Location
- Columbia, MD
- Founding
- 07/2002
- Data as of
- 06/2021
- EIN
- 30-0027408
Organization Overview
Umbc Training Enterprises Inc is located in Columbia, MD. The organization was established in 2002. According to its NTEE Classification (B60) the organization is classified as: Adult Education, under the broad grouping of Education and related organizations. As of 06/2021, Umbc Training Enterprises Inc employed 53 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Umbc Training Enterprises Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Umbc Training Enterprises Inc generated $14.7m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 10.2% each year . All expenses for the organization totaled $13.9m during the year ending 06/2021. While expenses have increased by 8.6% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE EDUCATION & SUPPORT UMBC
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION PROGRAMS TO SUPPORT UMBC
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Homer Minnick Dir Cybersec | 50 | $318,259 | |
Kent Malwitz President | Officer | 50 | $311,887 |
Jon Lau Vp/cto | Officer | 50 | $299,989 |
Marc Kolp Director - C | 50 | $167,242 | |
Thomas Cain Dir Computer | 50 | $166,385 | |
Lynne Schaefer Pres & Treas | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Skill Developers Instruction | 6/29/21 | $473,700 |
Game Inc Instruction | 6/29/21 | $430,010 |
Triple M Training Solutions Llc Instruction | 6/29/21 | $428,912 |
Nabtec Instruction | 6/29/21 | $157,100 |
Proactive Technical Solutions Instruction | 6/29/21 | $150,022 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $14,664,857 |
| Investment income | $617 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,846 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,677,321 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $611,876 |
| Compensation of current officers, directors, key employees. | $2,448 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,893,057 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $280,147 |
| Payroll taxes | $331,428 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $46,581 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $156,218 |
| Advertising and promotion | $260,483 |
| Office expenses | $30,520 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $789,687 |
| Travel | $26,999 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $41,604 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $352,647 |
| Insurance | $48,821 |
| All other expenses | $413,214 |
| Total functional expenses | $13,876,499 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,755,369 |
| Savings and temporary cash investments | $50,491 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,062,899 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $33,208 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $143,417 |
| Net Land, buildings, and equipment | $398,919 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $465,749 |
| Other assets | $72,113 |
| Total assets | $4,982,165 |
| Accounts payable and accrued expenses | $933,968 |
| Grants payable | $0 |
| Deferred revenue | $1,474,854 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,079,862 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $268,830 |
| Total liabilities | $3,757,514 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $1,224,651 |
| Total liabilities and net assets/fund balances | $4,982,165 |
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|---|---|---|
Carlos Rosario International Public Charter School Washington, DC | $40,034,612 | $31,340,985 |
Management Leadership For Tomorrow Washington, DC | $53,416,960 | $49,396,463 |
Civic Nation Washington, DC | $14,143,972 | $26,153,225 |
Lundeberg Maryland Seamanship School Inc Camp Springs, MD | $45,157,117 | $7,542,637 |
Conservative Partnership Institute Washington, DC | $31,688,292 | $45,707,730 |
The Council For Professional Recognition Washington, DC | $70,372,041 | $16,997,488 |
Iuoe Training And Education Center Inc Washington, DC | $150,888,644 | $4,876,068 |
Umbc Training Enterprises Inc Columbia, MD | $4,982,165 | $14,677,321 |
Briya Public Charter School Washington, DC | $25,664,437 | $15,256,943 |
Council For A Strong America Washington, DC | $10,213,790 | $6,648,495 |
American Board For Certification In Orthotics & Prosthetics Inc Alexandria, VA | $27,674,862 | $8,130,856 |
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