Civic Intelligence

Ctu Foundation Inc.

990 • Fiscal year 2020 • EIN 82-1932020

Jul 01, 2019 to Jun 30, 2020 • Filed on May 17, 2021

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

93rd percentile

1.00x

Higher debt load relative to assets than 93% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

90th percentile

1.77x

Higher debt load relative to revenue than 90% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

38th percentile

0.2%

Higher net margin than 38% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

74th percentile

$112,942

Higher top officer pay than 74% of similar nonprofits.

Top officer pay equals 4.8% of source-year revenue.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

37th percentile

1.4%

Faster asset growth than 37% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

74th percentile

18%

Faster revenue growth than 74% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets93rd percentile

Assets

Up

$4,139,253

Up $56,604 (+1.4%) from 2019

Net Assets

Up

$9,412

Up $4,924 (+110%) from 2019

Liabilities

Up

$4,129,841

Up $51,680 (+1.3%) from 2019

Revenue And Expenses
Liabilities / Revenue90th percentileNet Margin38th percentile

Revenue

Up

$2,331,915

Up $359,602 (+18%) from 2019

Expenses

Up

$2,326,991

Up $359,166 (+18%) from 2019

Net Income

Up

$4,924

Up $436 (+9.7%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth37th 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

2020

Assets$4,139,253
Liabilities$4,129,841
Net Assets$9,412
Open 2020 Filing

Operations Trend

Revenue Growth74th percentile

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

2020

Revenue$2,331,915
Expenses$2,326,991
Net Income$4,924
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
May 17, 2021
Return Version
2019v5.2
Gross Receipts
$2,331,915
Mission and Program Overview

Mission

None

Supporting organization of the institution known as Capitol Technology Unviersity.

Balance Sheet Detail
LineBeginningEndChange
Assets
Intangible Assets$3,908,333$3,808,333▼ $100,000
Cash and Non-Interest-Bearing Accounts$73,502$326,000▲ $252,498
Accounts Receivable$100,000--
Prepaid Expenses and Deferred Charges$814$4,920▲ $4,106
Total Assets$4,082,649$4,139,253▲ $56,604
Liabilities
Other Liabilities$3,926,017$4,091,432▲ $165,415
Accounts Payable and Accrued Expenses$100,559$29,622▼ $70,937
Deferred Revenue$46,315$8,787▼ $37,528
Grants Payable$5,270--
Total Liabilities$4,078,161$4,129,841▲ $51,680
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$4,488$9,412▲ $4,924
Total Net Assets Fund Balance$4,488$9,412▲ $4,924
Total Liabilities and Net Assets / Fund Balance$4,082,649$4,139,253▲ $56,604
Compensation and Service Providers
Top Officer Pay74th percentile

Employees

NameTitleOtherTotal
Melinda A Bunnell-RhynePresident$112,942$112,942
Katy Dehart term 1072020Vice President$101,257$101,257
Nicole Magnani term 33120Secretary/Treasurer$77,452$77,452

Board Members and Trustees

NameTitle
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
$1,738,694
Investment Income
$0
Other Revenue
$593,221
Change in Net Assets
$4,924
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,228,732
Salaries, Compensation, and Employee Benefits$98,259
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$1,534,166--$1,534,166
Depreciation Depletion-$100,000-$100,000
Current Officers, Directors, Trustees, and Key Employees$66,459--$66,459
Other Salaries and Wages$31,800--$31,800
Other Expenses$1,345--$1,345
Total Functional Expenses$2,226,991$100,000$0$2,326,991
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$4,091,432
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Business relationship with 35% controlled entity
No
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
Vice President
Phone
3013692800
Signed
2021-05-17
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
3

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 prior 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, 2020, 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, 2020, the statute of limitations for fiscal years 2017 through 2020 remains open with the U.S. Federal jurisdiction or the various states and local jurisdictions in which the Foundation files tax returns.”

Raw XML Appendix375 raw XML fields

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, 2020, 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, 2020, the statute of limitations for fiscal years 2017 through 2020 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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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 prior 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:
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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/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MD
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt04082649
IRS990/TotalAssetsEOYAmt04139253
IRS990/TotalAssetsGrp/BOYAmt04082649
IRS990/TotalAssetsGrp/EOYAmt04139253
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0100000
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt02226991
IRS990/TotalFunctionalExpensesGrp/TotalAmt02326991
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt04078161
IRS990/TotalLiabilitiesEOYAmt04129841
IRS990/TotalLiabilitiesGrp/BOYAmt04078161
IRS990/TotalLiabilitiesGrp/EOYAmt04129841
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt04488
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt09412
IRS990/TotalOtherCompensationAmt033310
IRS990/TotalProgramServiceExpensesAmt02226991
IRS990/TotalProgramServiceRevenueAmt01738694
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02331915
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02331915
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt03
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt04082649
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt04139253
IRS990/TotReportableCompRltdOrgAmt0258341
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
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/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Melinda Bunnell-Rhyne
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Vice President
ReturnHeader/BusinessOfficerGrp/PhoneNum03013692800
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-05-17
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CTU Foundation Inc
ReturnHeader/Filer/BusinessNameControlTxt0CTUF
ReturnHeader/Filer/EIN0821932020
ReturnHeader/Filer/PhoneNum03013692800
ReturnHeader/Filer/USAddress/AddressLine1Txt011301 Springfield Lane
ReturnHeader/Filer/USAddress/CityNm0Laurel
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MD
ReturnHeader/Filer/USAddress/ZIPCd020708
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0202153727
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SB & COMPANY LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt010200 Grand Central Ave Suite 250
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Owings Mills
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd021117
ReturnHeader/PreparerPersonGrp/PhoneNum04105841128
ReturnHeader/PreparerPersonGrp/PreparationDt02021-05-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Monique Booker
ReturnHeader/ReturnTs02021-05-17T13:44:55-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-07-01
ReturnHeader/TaxPeriodEndDt02020-06-30
ReturnHeader/TaxYr02019

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,139,253
Liabilities
$4,129,841
Net assets
$9,412
Revenue
$2,331,915
Expenses
$2,326,991
Net income
$4,924
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
2020Detailed filing. Detailed filing data is available for this year.$4.14$4.13$0.01$2.33$2.33$0.00
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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