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Ctu Foundation INC FY2020 filing

Tax-deductible

Laurel, MD501(c)(3)Since 2017EducationEIN 82-1932020Revenue $2.3M in FY2020

On file with the IRS11301 Springfield Rd, 20708-9758 · Laurel, MDTax-exempt since Nov 2017Supporting org, Type I — 509(a)(3)

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501(c)(3) charity; gifts are tax-deductible.
96¢ of each $1 spent went to programs.
Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $569 a year · under 1% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
96%
of spending
Looks good: 96% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
2 mo
of spending, in cash
Fine: 1.7 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$4.1M
100% of total assets
Concern: liabilities are 100% of assets; over 80%.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.3M
Spent
$2.3M
To programs
96%
Net assets
$9K
By yearFY2020–FY2024
Revenue
$2.3M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$2.3M
FY2021$1.4M
FY2022$1.5M
FY2023$2.1M
FY2024$2.6M
FY2024$2.1M
Expenses
$2.3M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$2.3M
FY2021$1.4M
FY2022$1.6M
FY2023$2.2M
FY2024$2.4M
FY2024$1.8M
Net assets
$9K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$9K
FY2021$11K
FY2022−$104K
FY2023−$147K
FY2024$7K
FY2024$246K

From the FY2020 Form 990 (year ending June 2020) · figures checked against the IRS filing · see the original

Form 990 (PDF) Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Nov 2017.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

96 cents of each dollar spent went to programs.

Program services 96% · $2.2M Management & general 4% · $100K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

6 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Dwight Yoder
Board Member
$0Pt VII · Sec A
J Kelly Brown JR
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Nicole Magnani Term 33120
Secretary/Treasurer
$0Pt VII · Sec A

Melinda a Bunnell-Rhyne’s $108K as President is at the 37th percentile of top reported officer pay among 3395 $1–10M education 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.

See Ctu Foundation INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Supports Capitol Technology University through fundraising and advocacy.

Questions for Ctu Foundation INC

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Provided by the organization

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1 program · $2.2M · in their own filed words · FY2019
01

Support the institution known as Capitol Technology University.

$2.2Mprogram expense

Funders

Who pays for it.

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

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$2.3M
Ln 12
Fees for servicesLn 2g$1.7M
Other incomeLn 4–11$593K
Money outPt IX
$2.3M
Ln 25
Programscol B$2.2M
Managementcol C$100K
Owns and owesPt X
$9K
net assets · Ln 32
Cash and savingsLn 1–2$326K
Total assetsLn 16$4.1M
LiabilitiesLn 26$4.1M
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$1.7M
Other incomeLn 4–11$593K
Total revenueLn 12$2.3M
Assets in detailPt X, end of year
CashLn 1$326K
Cash and savings togetherLn 1–2$326K
Total assetsLn 16$4.1M
LiabilitiesLn 26$4.1M
Net assetsLn 32$9K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$74K$326K
Total assetsLn 16$4.1M$4.1M
LiabilitiesLn 26$4.1M$4.1M
Net assetsLn 32$4K$9K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$66K$66K
Other salaries and wagesLn 7$32K$32K
OccupancyLn 16$1.5M$1.5M
Depreciation, depletion and amortizationLn 22$100K$100K
Other expenses (24a–d)Ln 24$595K$595K
Total functional expensesLn 25$2.3M$2.2M$100K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $2.6M$2.4M$155K$7K 990 PDF
FY2023 $2.1M$2.2M−$43K−$147K 990 PDF
FY2022 $1.5M$1.6M−$116K−$104K 990 PDF
FY2021 $1.4M$1.4M$2K$11K 990 PDF
FY2020 Viewing $2.3M$2.3M$5K$9K 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
See the full FY2020 990 (6 parts)
Part I · Summary $2,331,915 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $1,596,469$1,738,694
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $375,844$593,221
I-12 Total revenuePrior year $1,972,313$2,331,915
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $118,313$98,259
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,849,512$2,228,732
I-18 Total expensesPrior year $1,967,825$2,326,991
I-19 Revenue less expensesPrior year $4,488$4,924
Part VI · Governance 3 of 3 board members independent, 4 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $2,331,915 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,738,694$1,738,694
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $593,221$593,221
VIII-12 Total revenueRelated to mission $2,331,915 · Unrelated business $0 · Excluded from tax $0$2,331,915
Part IX · Statement of functional expenses $2,326,991 across 5 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $66,459$66,459
IX-7 Other salaries and wagesPrograms $31,800$31,800
IX-16 OccupancyPrograms $1,534,166$1,534,166
IX-22 Depreciation, depletion and amortizationManagement $100,000$100,000
IX-24 Other expenses (24a–d)Programs $594,566$594,566
IX-25 Total functional expensesPrograms $2,226,991 · Management $100,000 · Fundraising $0$2,326,991
Part X · Balance sheet $4,139,253 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $73,502$326,000
X-9 Prepaid expenses and deferred chargesStart of year $814$4,920
X-14 Intangible assetsStart of year $3,908,333$3,808,333
X-16 Total assetsStart of year $4,082,649$4,139,253
X-17 Accounts payable and accrued expensesStart of year $100,559$29,622
X-19 Deferred revenueStart of year $46,315$8,787
X-25 Other liabilitiesStart of year $3,926,017$4,091,432
X-26 Total liabilitiesStart of year $4,078,161$4,129,841
X-27 Net assets without donor restrictionsStart of year $4,488$9,412
X-32 Total net assets or fund balancesStart of year $4,488$9,412
X-33 Total liabilities and net assetsStart of year $4,082,649$4,139,253
Part XI · Reconciliation of net assets $9,412 net assets at year end
XI-1 Total revenue$2,331,915
XI-2 Total expenses$2,326,991
XI-3 Revenue less expenses$4,924
XI-4 Net assets at start of year$4,488
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$9,412

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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