Civic Intelligence

Ctu Foundation Inc.

990 • Fiscal year 2022 • EIN 82-1932020

Jul 01, 2021 to Jun 30, 2022 • Filed on May 11, 2023

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

94th percentile

1.03x

Higher debt load relative to assets than 94% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

94th percentile

2.74x

Higher debt load relative to revenue than 94% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

23rd percentile

-7.8%

Higher net margin than 23% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

82nd percentile

$140,885

Higher top officer pay than 82% of similar nonprofits.

Top officer pay equals 9.5% of source-year revenue.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

44th percentile

-0.5%

Faster asset growth than 44% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

48th percentile

4.3%

Faster revenue growth than 48% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets94th percentile

Assets

Down

$3,941,136

Down $19,818 (-0.5%) from 2021

Net Assets

Down

-$104,112

Down $115,569 (-1009%) from 2021

Liabilities

Up

$4,045,248

Up $95,751 (+2.4%) from 2021

Revenue And Expenses
Liabilities / Revenue94th percentileNet Margin23rd percentile

Revenue

Up

$1,478,910

Up $61,576 (+4.3%) from 2021

Expenses

Up

$1,594,479

Up $179,190 (+13%) from 2021

Net Income

Down

-$115,569

Down $117,614 (-5751%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth44th 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

2022

Assets$3,941,136
Liabilities$4,045,248
Net Assets-$104,112
Open 2022 Filing

Operations Trend

Revenue Growth48th 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

2022

Revenue$1,478,910
Expenses$1,594,479
Net Income-$115,569
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
May 11, 2023
Return Version
2021v4.2
Gross Receipts
$1,478,910
Mission and Program Overview

Mission

None

Supporting organization of the institution known as Capitol Technology Unviersity.

Balance Sheet Detail
LineBeginningEndChange
Assets
Intangible Assets$3,708,333$3,608,333▼ $100,000
Cash and Non-Interest-Bearing Accounts$247,263$323,037▲ $75,774
Prepaid Expenses and Deferred Charges$5,358$9,766▲ $4,408
Total Assets$3,960,954$3,941,136▼ $19,818
Liabilities
Other Liabilities$3,917,392$4,013,142▲ $95,750
Deferred Revenue$32,105$32,106▲ $1
Total Liabilities$3,949,497$4,045,248▲ $95,751
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$11,457$-104,112▼ $115,569
Total Net Assets Fund Balance$11,457$-104,112▼ $115,569
Total Liabilities and Net Assets / Fund Balance$3,960,954$3,941,136▼ $19,818
Compensation and Service Providers
Top Officer Pay82nd percentile

Employees

NameTitleOtherTotal
Kathleen WarnerSecretary/Treasurer$140,885$140,885
Melinda A Bunnell-RhynePresident$120,653$120,653
Kim WittlerVice President$104,721$104,721

Board Members and Trustees

NameTitle
BG Gen Ret Earl SimmsBoard Member
Dwight YoderBoard Member
J Kelly Brown JrBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,063,171
Investment Income
$0
Other Revenue
$415,739
Change in Net Assets
$-115,569

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,478,910
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,478,910
Total Revenue per Form 990
$1,478,910
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,508,297
Salaries, Compensation, and Employee Benefits$86,182
Total Fundraising Expense$14,967
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$1,320,721$74,160$11,434$1,406,315
Other Salaries and Wages$42,619$15,837$2,442$60,898
Other Employee Benefits$17,695$6,575$1,014$25,284
Other Expenses$1,389$516$77$1,982
Total Functional Expenses$1,382,424$197,088$14,967$1,594,479

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,594,479
Total Expenses per Audited Statements$1,594,479
Total Expenses per Form 990$1,594,479
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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$4,013,142
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
President
Phone
3013692800
Signed
2023-05-11
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 the 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, 2022, 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, 2022, the statute of limitations for fiscal years 2019 through 2022 remains open with the U.S. Federal jurisdiction or the various states and local jurisdictions in which the Foundation files tax returns.”

Raw XML Appendix394 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 Kim Wittler from the University are the President and Vice President of the organization, respectively.
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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, 2022, 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, 2022, the statute of limitations for fiscal years 2019 through 2022 remains open with the U.S. Federal jurisdiction or the various states and local jurisdictions in which the Foundation files tax returns.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt01594479
IRS990ScheduleD/TotalLiabilityAmt04013142
IRS990ScheduleD/TotalRevenuePerForm990Amt01478910
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01478910
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01594479
IRS990/ScheduleJRequiredInd00
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 the 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:
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/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/TotalAssetsBOYAmt03960954
IRS990/TotalAssetsEOYAmt03941136
IRS990/TotalAssetsGrp/BOYAmt03960954
IRS990/TotalAssetsGrp/EOYAmt03941136
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt014967
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0197088
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01382424
IRS990/TotalFunctionalExpensesGrp/TotalAmt01594479
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt03949497
IRS990/TotalLiabilitiesEOYAmt04045248
IRS990/TotalLiabilitiesGrp/BOYAmt03949497
IRS990/TotalLiabilitiesGrp/EOYAmt04045248
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt011457
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-104112
IRS990/TotalOtherCompensationAmt012804
IRS990/TotalProgramServiceExpensesAmt01382424
IRS990/TotalProgramServiceRevenueAmt01063171
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01478910
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01478910
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt03960954
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03941136
IRS990/TotReportableCompRltdOrgAmt0353455
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/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Melinda Bunnell-Rhyne
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum03013692800
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-05-11
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/PreparerPersonNm0Monique Booker
ReturnHeader/ReturnTs02023-05-12T11:18:52-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Melinda
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Bunnell-Rhyne
ReturnHeader/TaxPeriodBeginDt02021-07-01
ReturnHeader/TaxPeriodEndDt02022-06-30
ReturnHeader/TaxYr02021

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,941,136
Liabilities
$4,045,248
Net assets
-$104,112
Revenue
$1,478,910
Expenses
$1,594,479
Net income
-$115,569
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
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