Civic Intelligence

Ctu Foundation Inc.

990 • Fiscal year 2019 • EIN 82-1932020

Jul 01, 2018 to Jun 30, 2019 • Filed on Jul 15, 2020

Organization ProfileN/A
11301 Springfield LaneLaurel, MD 20708

(301) 369-2800

Siviq Scores

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

Liabilities / Assets

92nd percentile

1.00x

Higher debt load relative to assets than 92% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

91st percentile

2.07x

Higher debt load relative to revenue than 91% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

40th percentile

0.2%

Higher net margin than 40% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

85th percentile

$157,495

Higher top officer pay than 85% of similar nonprofits.

Top officer pay equals 8.0% of source-year revenue.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

47th percentile

2.0%

Faster asset growth than 47% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets92nd percentile

Assets

Up

$4,082,649

Up $80,241 (+2.0%) from 2018

Net Assets

Up

$4,488

Up $4,488 from 2018

Liabilities

Up

$4,078,161

Up $75,753 (+1.9%) from 2018

Revenue And Expenses
Liabilities / Revenue91st percentileNet Margin40th percentile

Revenue

Up

$1,972,313

Up $1,972,313 from 2018

Expenses

Up

$1,967,825

Up $1,967,825 from 2018

Net Income

Up

$4,488

Up $4,488 from 2018

Historical Trend

Balance Sheet Trend

Asset Growth47th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$6.0M$4.0M$2.0M$0-$2.0MAssets 2017: $0Liabilities 2017: $0Net Assets 2017: $02017Assets 2018: $4,002,408Liabilities 2018: $4,002,408Net Assets 2018: $02018Assets 2019: $4,082,649Liabilities 2019: $4,078,161Net Assets 2019: $4,4882019Assets 2020: $4,139,253Liabilities 2020: $4,129,841Net Assets 2020: $9,4122020Assets 2021: $3,960,954Liabilities 2021: $3,949,497Net Assets 2021: $11,4572021Assets 2022: $3,941,136Liabilities 2022: $4,045,248Net Assets 2022: -$104,1122022Assets 2023: $4,267,843Liabilities 2023: $4,415,305Net Assets 2023: -$147,4622023Assets 2024: $4,087,753Liabilities 2024: $4,080,423Net Assets 2024: $7,3302024

Highlighted filing

2019

Assets$4,082,649
Liabilities$4,078,161
Net Assets$4,488
Open 2019 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2017: $0Expenses 2017: $0Net Income 2017: $02017Revenue 2018: $0Expenses 2018: $0Net Income 2018: $02018Revenue 2019: $1,972,313Expenses 2019: $1,967,825Net Income 2019: $4,4882019Revenue 2020: $2,331,915Expenses 2020: $2,326,991Net Income 2020: $4,9242020Revenue 2021: $1,417,334Expenses 2021: $1,415,289Net Income 2021: $2,0452021Revenue 2022: $1,478,910Expenses 2022: $1,594,479Net Income 2022: -$115,5692022Revenue 2023: $2,126,123Expenses 2023: $2,169,471Net Income 2023: -$43,3482023Revenue 2024: $2,550,762Expenses 2024: $2,395,971Net Income 2024: $154,7912024

Highlighted filing

2019

Revenue$1,972,313
Expenses$1,967,825
Net Income$4,488
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Jul 15, 2020
Return Version
2018v3.2
Gross Receipts
$1,972,313
Mission and Program Overview

Mission

None

Supporting organization of the institution known as Capitol Technology Unviersity.

Balance Sheet Detail
LineBeginningEndChange
Assets
Intangible Assets$3,370,534$3,908,333▲ $537,799
Accounts Receivable-$100,000-
Cash and Non-Interest-Bearing Accounts$629,566$73,502▼ $556,064
Prepaid Expenses and Deferred Charges$2,308$814▼ $1,494
Total Assets$4,002,408$4,082,649▲ $80,241
Liabilities
Other Liabilities$4,002,408$3,926,017▼ $76,391
Accounts Payable and Accrued Expenses-$100,559-
Deferred Revenue-$46,315-
Grants Payable-$5,270-
Total Liabilities$4,002,408$4,078,161▲ $75,753
Net Assets / Fund Balance
Unrestricted Net Assets-$4,488-
Total Net Assets Fund Balance$0$4,488▲ $4,488
Total Liabilities and Net Assets / Fund Balance$4,002,408$4,082,649▲ $80,241
Compensation and Service Providers
Top Officer Pay85th percentile

Employees

NameTitleOtherTotal
Melinda A Bunnell-RhynePresident$114,617$114,617
Katy DehartVice President$92,928$92,928
Nicole MagnaniSecretary/Treasurer$71,096$71,096

Board Members and Trustees

NameTitle
Jeffrey L Williams term 91418President
BG Gen Earl M SimmsBoard member
Dwight YoderBoard member
J Kelly Brown JrBoard member
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,596,469
Investment Income
$0
Other Revenue
$375,844
Change in Net Assets
$4,488
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,849,512
Salaries, Compensation, and Employee Benefits$118,313
Total Fundraising Expense$2,825
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$1,596,329$150,141-$1,746,470
Depreciation Depletion-$91,667-$91,667
Current Officers, Directors, Trustees, and Key Employees$42,985$14,951$2,825$60,761
Other Salaries and Wages$57,552--$57,552
Insurance-$3,034-$3,034
Other Expenses$1,754$5,270-$1,754
Travel$1,317--$1,317
Total Functional Expenses$1,699,937$265,063$2,825$1,967,825
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
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to CTU$3,926,017
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, line 11B

“There is not currently a review of the Form 990 by the Board or Finance Committee. This policy is currently under review.”

Form 990, Part VI, Section C, line 19

“The Foundation makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
CTU Foundation Inc
EIN
82-1932020
Phone
3013692800
Address
11301 Springfield Lane, Laurel, MD 20708

Signing Officer

Name
Melinda Bunnell-Rhyne
Title
President
Phone
3013692800
Signed
2020-07-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Melinda Bunnell-Rhyne
Formed
2017
Legal Domicile
Md
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
0

Preparer

Firm
Sb & Company LLC
Address
10200 Grand Central Ave Suite 250, Owings Mills, MD 21117
Preparer
Monique Booker
Phone
4105841128
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

“The process has not changed from last year.”

Financial Statement Notes

Part X, Line 2:

“The Foundation is exempt from Federal income taxes under Section 501(c)(3) of the Internal Revenue Code and is recognized as such by the Internal Revenue Service. The provisions included in accounting principles generally accepted in the United States of America provide consistent guidance for the accounting for uncertainty in income taxes recognized in an entity's financial statements and prescribe a threshold of "more likely than not" for recognition of tax positions taken or expected to be taken in a tax return. The Foundation performed an evaluation of uncertain tax positions as of June 30, 2019, and determined that there were no matters that would require recognition in the financial statements or which may have any effect on its tax-exempt status. As of June 30, 2019, the statute of limitations for fiscal years 2016 through 2019 remains open with the U.S. Federal jurisdiction or the various states and local jurisdictions in which the Foundation files tax returns.”

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0Even though the directors of Capitol Technology University (the "University") did not have the power to regularly appoint at least a majority of the organization's directors or trustees at all times during the tax year, the organization does have personnel from the University that are on the organization's board. Melinda A. Bunnell-Rhyne and Katy Dehart from the University are the President and Vice President of the organization, respectively. Nicole Magnani serves on the board of the University and the organization.
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Foundation is exempt from Federal income taxes under Section 501(c)(3) of the Internal Revenue Code and is recognized as such by the Internal Revenue Service. The provisions included in accounting principles generally accepted in the United States of America provide consistent guidance for the accounting for uncertainty in income taxes recognized in an entity's financial statements and prescribe a threshold of "more likely than not" for recognition of tax positions taken or expected to be taken in a tax return. The Foundation performed an evaluation of uncertain tax positions as of June 30, 2019, and determined that there were no matters that would require recognition in the financial statements or which may have any effect on its tax-exempt status. As of June 30, 2019, the statute of limitations for fiscal years 2016 through 2019 remains open with the U.S. Federal jurisdiction or the various states and local jurisdictions in which the Foundation files tax returns.
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IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0144757
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt06373
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt06365
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Jeffrey L Williams term 91418
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0President
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0157495
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0There is not currently a review of the Form 990 by the Board or Finance Committee. This policy is currently under review.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Foundation makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The process has not changed from last year.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part XII, Line 2c
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0Capitol Technology University
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0520805606
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0University
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0MD
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0Education
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt011301 Springfield Road
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0Laurel
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0MD
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd020708
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd01
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt03908333
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0Capital Technology University
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0E
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MD
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt04002408
IRS990/TotalAssetsEOYAmt04082649
IRS990/TotalAssetsGrp/BOYAmt04002408
IRS990/TotalAssetsGrp/EOYAmt04082649
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt02825
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0265063
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01699937
IRS990/TotalFunctionalExpensesGrp/TotalAmt01967825
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt04002408
IRS990/TotalLiabilitiesEOYAmt04078161
IRS990/TotalLiabilitiesGrp/BOYAmt04002408
IRS990/TotalLiabilitiesGrp/EOYAmt04078161
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt04488
IRS990/TotalOtherCompensationAmt046207
IRS990/TotalProgramServiceExpensesAmt01699937
IRS990/TotalProgramServiceRevenueAmt01596469
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01972313
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01972313
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt04002408
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt04082649
IRS990/TotReportableCompRltdOrgAmt0389929
IRS990/TravelGrp/ProgramServicesAmt01317
IRS990/TravelGrp/TotalAmt01317
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationOtherInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/EOYAmt04488
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt011301 Springfield Lane
IRS990/USAddress/CityNm0Laurel
IRS990/USAddress/StateAbbreviationCd0MD
IRS990/USAddress/ZIPCd020708
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02021-01-29 14:40:06Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Melinda Bunnell-Rhyne
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum03013692800
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-07-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CTU Foundation Inc
ReturnHeader/Filer/BusinessNameControlTxt0CTUF

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,082,649
Liabilities
$4,078,161
Net assets
$4,488
Revenue
$1,972,313
Expenses
$1,967,825
Net income
$4,488
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.09$4.08$0.01$2.55$2.40$0.15
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.27$4.42$0.15$2.13$2.17$0.04
2022Detailed filing. Detailed filing data is available for this year.$3.94$4.05$0.10$1.48$1.59$0.12
2021Detailed filing. Detailed filing data is available for this year.$3.96$3.95$0.01$1.42$1.42$0.00
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.14$4.13$0.01$2.33$2.33$0.00
2019Detailed filing. Detailed filing data is available for this year.$4.08$4.08$0.00$1.97$1.97$0.00
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.00$4.00$0.00$0.00$0.00$0.00
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.00$0.00$0.00$0.00$0.00$0.00