Cptkd Academy INC

Tax-deductible

New York, NY501(c)(3)EducationEIN 85-2436155

Cptkd academy (the 'academy') is organized to advance education by operating a school for martial arts education. The academy focuses on each student's individual development, with the goal of improving each student's skills and capabilities.

501(c)(3) charity; gifts are tax-deductible.
99¢ of each $1 spent went to programs.
$438K 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

FY2024 · 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 $645K a year · 36% 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
99%
of spending
Looks good: 99% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$438K
to officers and key staff · 25% of spending
Top officer’s pay higher than 97% of similar orgs
Worth a look: pay to officers and key staff is 25% of spending; over 20%.
Pt VII · Sec A
Cash reserves
14 mo
of spending, in cash
Looks good: 14.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$472
0.01% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
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
$256K
-96% vs prior year
Spent
$1.8M
To programs
99%
Net assets
$3.3M
By yearFY2020–FY2024
Revenue
$256K
FY2024▼ -96%
Revenue by fiscal year
FY2020$180K
FY2021$1.6M
FY2022$884K
FY2023$6.1M
FY2024$256K
Expenses
$1.8M
FY2024▲ +5%
Expenses by fiscal year
FY2020$153K
FY2021$1.2M
FY2022$1.0M
FY2023$1.7M
FY2024$1.8M
Net assets
$3.3M
FY2024▼ -32%
Net assets by fiscal year
FY2020$27K
FY2021$427K
FY2022$297K
FY2023$4.7M
FY2024$3.3M

From the FY2024 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in May 2021.

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

Where the money goes

99 cents of each dollar spent went to programs.

Program services 99% · $1.8M Management & general 1% · $16K

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

Who runs it and what they're paid

7 people listed on the 990; $438K paid to officers and key staff.

Part VII, Section A · reportable compensation
$169,570Pt VII · Sec A
Office Manager
$137,177Pt VII · Sec A
Instructor
$131,454Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Rodolfo Valenzuela’s $170K as Instructor is at the 97th percentile of top reported officer pay among 1613 $100K–1M 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.

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2024FY2023
Rodolfo Valenzuela$169,570$145,810
Rachel Robidoux$137,177$111,295
Dann Cuenca$131,454$108,310
James Tan—$111,103

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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Questions the 990 asks

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

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Teaches martial arts, focusing on individual student development and skill improvement.

Provided by the organization

This section is blank until Cptkd Academy INC claims this page.

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1 program service account for $1.8M of program spending, described in the organization's own filed words · FY2024.
01

As part of the program, the academy provides students instruction on various elements of taekwondo, a korean martial art characterized by specific forms of kicks, blocks, strikes, and stances.

$1.8Mprogram expense

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By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$256K
Ln 12
Investment incomeLn 3$237K
Fees for servicesLn 2g$19K
Money outPt IX
$1.8M
Ln 25
Programscol B$1.8M
Managementcol C$16K
Owns and owesPt X
$3.3M
net assets · Ln 32
Cash and savingsLn 1–2$2.1M
Total assetsLn 16$3.3M
LiabilitiesLn 26$472
PeoplePt VI, VII
7
listed · VII A
PaidVII A3
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$19K
Investment incomeLn 3$237K
Gains on assetsLn 7$26K
Total revenueLn 12$256K
Assets in detailPt X, end of year
CashLn 1$0
SavingsLn 2$2.1M
Cash and savings togetherLn 1–2$2.1M
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$1.1M
Other assetsLn 15$17K
Total assetsLn 16$3.3M
LiabilitiesLn 26$472
Net assetsLn 32$3.3M
OperationsPt I, VI
EmployeesI 55
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$4.3M$2.1M
InvestmentsLn 11–13$0$0
Land, buildings, equipmentLn 10c$453K$1.1M
Total assetsLn 16$4.7M$3.3M
LiabilitiesLn 26$0$472
Net assetsLn 32$4.7M$3.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$550K$550K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$59K$59K
Management feesLn 11a$0
Legal feesLn 11b$16K$16K
Accounting feesLn 11c$0
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$105K$105K
Advertising and promotionLn 12$1K$1K
Office expensesLn 13$15K$15K
Information technologyLn 14$44K$44K
RoyaltiesLn 15$0
OccupancyLn 16$565K$565K
TravelLn 17$68K$68K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$43K$43K
InsuranceLn 23$113K$113K
Other expenses (24a–d)Ln 24$171K$171K$0
All other expensesLn 24e$26K$26K
Total functional expensesLn 25$1.8M$1.8M$16K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $256K$1.8M−$1.5M$3.3M 990 PDF
FY2023 $6.1M$1.7M$4.5M$4.7M 990 PDF
FY2022 $884K$1.0M−$130K$297K 990 PDF
FY2021 $1.6M$1.2M$400K$427K 990 PDF
FY2020 $180K$153K$27K$27K 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 FY2024 990 (4 parts)
Part VIII · Statement of revenue $256,141 across 8 lines filed
VIII-1h Total contributions, gifts and grants$0
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $19,170$19,170
VIII-3 Investment incomeExcluded from tax $210,867$210,867
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assetsExcluded from tax $26,104$26,104
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $19,170 · Unrelated business $0 · Excluded from tax $236,971$256,141
Part IX · Statement of functional expenses $1,776,727 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $550,316$550,316
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxesPrograms $59,374$59,374
IX-11a Management fees$0
IX-11b Legal feesManagement $16,212$16,212
IX-11c Accounting fees$0
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesPrograms $104,541$104,541
IX-12 Advertising and promotionPrograms $1,465$1,465
IX-13 Office expensesPrograms $14,707$14,707
IX-14 Information technologyPrograms $43,586$43,586
IX-15 Royalties$0
IX-16 OccupancyPrograms $564,838$564,838
IX-17 TravelPrograms $67,897$67,897
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $43,254$43,254
IX-23 InsurancePrograms $113,276$113,276
IX-24 Other expenses (24a–d)Programs $170,806 · Fundraising $0$170,806
IX-24e All other expensesPrograms $26,455$26,455
IX-25 Total functional expensesPrograms $1,760,515 · Management $16,212 · Fundraising $0$1,776,727
Part X · Balance sheet $3,252,492 assets, 24 lines filed
X-1 Cash, non-interest-bearingStart of year $0$0
X-2 Savings and temporary cash investmentsStart of year $4,263,405$2,146,975
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $0$0
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $9,615$6,306
X-10c Land, buildings and equipment, netStart of year $453,270$1,077,653
X-11 Publicly traded securitiesStart of year $0$0
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $5,000$5,000
X-15 Other assetsStart of year $16,558$16,558
X-16 Total assetsStart of year $4,747,848$3,252,492
X-17 Accounts payable and accrued expensesStart of year $0$0
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $0$0
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $0$472
X-26 Total liabilitiesStart of year $0$472
X-27 Net assets without donor restrictionsStart of year $4,747,848$3,252,020
X-28 Net assets with donor restrictionsStart of year $0$0
X-32 Total net assets or fund balancesStart of year $4,747,848$3,252,020
X-33 Total liabilities and net assetsStart of year $4,747,848$3,252,492
Part XI · Reconciliation of net assets $3,252,020 net assets at year end
XI-1 Total revenue$256,141
XI-2 Total expenses$1,776,727
XI-3 Revenue less expenses−$1,520,586
XI-4 Net assets at start of year$4,747,848
XI-8 Prior period adjustments$24,758
XI-10 Net assets at end of year$3,252,020

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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