Ctc Academy INC FY2022 filing

Tax-deductible

Fair Lawn, NJ501(c)(3)Since 1950Diseases & DisordersEIN 22-1508549

CTC Academy provides educational and therapeutic services for children with developmental disabilities. A multi-sensory approach is utilized in a nurturing and caring environment to enrich the lives of our students and maximize their potential while lending support to their families.

501(c)(3) charity; gifts are tax-deductible.
88¢ of each $1 spent went to programs.
$867K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $485K a year · 3% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
88%
of spending
Looks good: 88% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$867K
to officers and key staff · 5% of spending
Looks good: pay to officers and key staff is 5% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
4 mo
of spending, in cash
Looks good: 4.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $25K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$9.7M
36% of total assets
Looks good: liabilities are 36% of assets; 50% or less.
Pt X · Ln 26
Independent board members
14
of 14 voting members
Looks good: 14 of 14 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$16.3M
+4% vs prior year
Spent
$16.0M
To programs
88%
Net assets
$17.2M
By yearFY2020–FY2025
Revenue
$16.3M
FY2022▲ +4%
Revenue by fiscal year
FY2020$14.3M
FY2021$15.7M
FY2022$16.3M
FY2023$17.5M
FY2024$18.6M
FY2025$19.8M
Expenses
$16.0M
FY2022▲ +6%
Expenses by fiscal year
FY2020$13.9M
FY2021$15.1M
FY2022$16.0M
FY2023$17.1M
FY2024$18.0M
FY2025$19.2M
Net assets
$17.2M
FY2022▲ +1%
Net assets by fiscal year
FY2020$16.3M
FY2021$17.0M
FY2022$17.2M
FY2023$17.7M
FY2024$18.4M
FY2025$19.2M

From the FY2022 Form 990 (year ending June 2022) · figures checked against the IRS filing · see the original

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Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2025 (typical filing lag)
Legal name (IRS)Hdr · item CCtc Academy INC
EINHdr · item D22-1508549
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFAug 1955
Year of formationHdr · item L1950
Latest filingForm 990FY2025 · Form 990
Principal addressHdr · item CFair Lawn, NJ
NTEE classificationIRS BMFDiseases & Disorders (G23Z)
WebsiteHdr · item Jwww.ctcacademy.org

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.88 Management & general $0.10 Fundraising $0.02
Program services88%$14.1M
Management & general10%$1.6M
Fundraising2%$299K
Total functional expensesLn 25$16.0M

Financial health

Is it on solid ground?

Operating surplus
+2%
revenue over expenses, this legal entity
Payroll share
80%
of this entity's spending is salaries & benefits
Program spending
88%
of expenses reach program services

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Total assets
$27.0M
FY2022▲ +6%
Total assets by fiscal year
FY2020$24.2M
FY2021$25.5M
FY2022$27.0M
FY2023$27.0M
FY2024$27.4M
FY2025$28.0M
Total liabilities
$9.7M
FY2022▲ +15%
Total liabilities by fiscal year
FY2020$7.9M
FY2021$8.5M
FY2022$9.7M
FY2023$9.3M
FY2024$9.0M
FY2025$8.9M
Revenue less expensesPt I · Ln 19$321K
Total assetsPt X · Ln 16$27.0M
Program-expense ratioPt IX · col B88%
Voting members of governing bodyPt I · Ln 314
Independent voting membersPt I · Ln 414

Balance Sheet

Part X · end of year
CashLn 1$5.8M
Total assetsLn 16$27.0M
Total liabilitiesLn 26$9.7M
Total net assetsLn 32$17.2M
Months of cash on handcomputed4.3

Statement of Revenue

Part VIII
Program service revenue$15.7M · 96%
Contributions & grants$586K · 4%
Program service revenue96%$15.7M
Contributions & grants4%$586K
Investment income$27K
Total revenueLn 12$16.3M

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $6.9M · Operating expenses/yr $16.0M
5.2 months
Where the money goes
Program services
Program services $14.1M · Total expenses $16.0M
88%
Management & General
Management & general $1.6M · Total expenses $16.0M
10%
Fundraising
Fundraising $299K · Total expenses $16.0M
2%
Cost to raise $1
Fundraising expense (3-yr avg) $290K · Solicited contributions (3-yr avg) $816K
$0.36 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $586K · Total revenue $16.3M
4%
Government reliance
Government grants — · Total revenue $16.3M
—
Earned-income share
Program service revenue $15.7M · Total revenue $16.3M
96%
Investment reliance
Investment income $27K · Total revenue $16.3M
+0.2%
Program self-sufficiency
Program service revenue $15.7M · Total expenses $16.0M
98%
Growth & trend
Revenue growth (YoY)
This year $16.3M · Prior year $15.7M
+4%
Net-asset trend (YoY)
End of year $17.2M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $16.3M · Expenses $16.0M
+2%
Liabilities-to-Assets
Total liabilities — · Total assets $27.0M
—
Net-asset ratio
Net assets $17.2M · Total assets $27.0M
64%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $1.1M · Other securities (Pt X, ln 12) $1K · Total assets (Pt X, ln 16) $27.0M
4%
People & payroll
Highest Reported Total Compensation
Individual William Presutti · Reported title PRINCIPAL · Highest reported compensation $157K · Total expenses $16.0M
1.0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $12.8M · Total expenses $16.0M
80%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 88%——
Overhead ratio 10%——
Fundraising cost ratio 51%——
Revenue growth 4%——
Investment management fee ratio 0.02%——
Legal fee ratio 0.5%——
Accounting fee ratio 0.4%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
$156,998Pt VII · Sec A
Executive Director
$143,237Pt VII · Sec A
Business Mgr.
$126,880Pt VII · Sec A
Occ. Therapist
$126,292Pt VII · Sec A
Principal
$112,032Pt VII · Sec A
Head of Human Resources
$101,914Pt VII · Sec A
Interim Executive Director
$99,617Pt VII · Sec A
$0Pt VII · Sec A

Anne Ogden’s $265K as Executive Director is at the 41st percentile of top reported officer pay among 249 $10–100M diseases & disorders nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Anne Ogden$265,281$265,281$252,725$143,237——
Kenneth Berger————$171,086$171,301
Joseph Weiss—————$164,783
William Presutti——$161,100$156,998——
William Presutti————$159,118$149,355
Cara Rogerino$144,784$144,784$130,843$112,032——
Laura Jean Bejot$137,873—————
Laura Bejot—$137,873$129,396$126,292——

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Governance & Policies

Part VI
  • 14Voting board membersPt VI · Ln 1a
  • 14Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aYes
  • Whistleblower policyPt VI · Ln 13Yes
  • Document retention policyPt VI · Ln 14No
  • Top official’s pay independently reviewedPt VI · Ln 15aYes
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Educates and provides therapy for children with developmental disabilities, supporting their families.

Provided by the organization

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Mission & Programs · Part III

Where the work happens

3 program services account for $14.1M of program spending, described in the organization's own filed words · FY2021.
01

Special Education Instruction

Educational services for children with developmental disabilities.

$12.4Mprogram expense
02

Extraordinary Services

Therapeutic services for children with developmental disabilities.

$1.2Mprogram expense
03

Other Programs

Early enrichment program (eep) and programs for parents.

$483Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 1 funder$25K
Grants paid · 6 grants · $124K · 2019–2024
Unitemized GrantFY2024$23,301
Unitemized GrantFY2023$21,172
Unitemized GrantFY2022$20,871
Unitemized GrantFY2021$23,243
Unitemized GrantFY2020$12,450
Unitemized GrantFY2019$23,011

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2025 Latest $19.8M$19.2M+7% 990 PDF
FY2024 $18.6M$18.0M+6% 990 PDF
FY2023 $17.5M$17.1M+7% 990 PDF
FY2022 Viewing $16.3M$16.0M+4% 990 PDF
FY2021 $15.7M$15.1M+9% 990 PDF
FY2020 $14.3M$13.9M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Full filing: Form 990 for FY2022

Every line we hold from the return, cited to its Part and line.
Part IX · Statement of functional expenses $15,974,103 across 20 lines filed
IX-2 Grants to domestic individualsPrograms $23,243$23,243
IX-5 Pay of current officers, directors and key staffManagement $347,270$347,270
IX-7 Other salaries and wagesPrograms $8,732,330 · Management $505,380 · Fundraising $220,405$9,458,115
IX-8 Pension plan contributionsPrograms $449,025 · Management $30,605$479,630
IX-9 Other employee benefitsPrograms $1,616,036 · Management $129,003 · Fundraising $56,819$1,801,858
IX-10 Payroll taxesPrograms $651,607 · Management $58,081$709,688
IX-11b Legal feesManagement $72,864$72,864
IX-11c Accounting feesManagement $60,293$60,293
IX-11f Investment management feesFundraising $6,698$6,698
IX-11g Other fees for servicesPrograms $463,239 · Management $225,918 · Fundraising $4,171$693,328
IX-12 Advertising and promotionManagement $1,676$1,676
IX-13 Office expensesPrograms $173,283 · Management $32,697 · Fundraising $11,120$217,100
IX-14 Information technologyManagement $79,999$79,999
IX-16 OccupancyPrograms $161,943$161,943
IX-17 TravelPrograms $3,122 · Management $1,825$4,947
IX-19 Conferences, conventions and meetingsPrograms $2,440 · Management $179$2,619
IX-20 InterestPrograms $170,277$170,277
IX-22 Depreciation, depletion and amortizationPrograms $903,994$903,994
IX-23 InsurancePrograms $81,359 · Management $14,892$96,251
IX-24 Other expenses (24a–d)Programs $656,158 · Management $26,152$682,310
IX-25 Total functional expensesPrograms $14,088,056 · Management $1,586,834 · Fundraising $299,213$15,974,103

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

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