Civic Intelligence

Ctu Foundation Inc.

990 • Fiscal year 2023 • EIN 82-1932020

Jul 01, 2022 to Jun 30, 2023 • Filed on May 03, 2024

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.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

93rd percentile

2.08x

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

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

35th percentile

-2.0%

Higher net margin than 35% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

85th percentile

$159,109

Higher top officer pay than 85% of similar nonprofits.

Top officer pay equals 7.5% of source-year revenue.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

59th percentile

8.3%

Faster asset growth than 59% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

81st percentile

44%

Faster revenue growth than 81% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets94th percentile

Assets

Up

$4,267,843

Up $326,707 (+8.3%) from 2022

Net Assets

Down

-$147,462

Down $43,350 (-42%) from 2022

Liabilities

Up

$4,415,305

Up $370,057 (+9.1%) from 2022

Revenue And Expenses
Liabilities / Revenue93rd percentileNet Margin35th percentile

Revenue

Up

$2,126,123

Up $647,213 (+44%) from 2022

Expenses

Up

$2,169,471

Up $574,992 (+36%) from 2022

Net Income

Up

-$43,348

Up $72,221 (+62%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth59th 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

2023

Assets$4,267,843
Liabilities$4,415,305
Net Assets-$147,462
Open 2023 Filing

Operations Trend

Revenue Growth81st 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

2023

Revenue$2,126,123
Expenses$2,169,471
Net Income-$43,348
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
May 3, 2024
Return Version
2022v5.0
Gross Receipts
$2,126,123
Mission and Program Overview

Mission

None

Supporting organization of the institution known as capitol technology unviersity.

Balance Sheet Detail
LineBeginningEndChange
Assets
Intangible Assets$3,608,333$3,508,333▼ $100,000
Cash and Non-Interest-Bearing Accounts$323,037$756,223▲ $433,186
Prepaid Expenses and Deferred Charges$9,766$3,287▼ $6,479
Total Assets$3,941,136$4,267,843▲ $326,707
Liabilities
Other Liabilities$4,013,142$4,380,823▲ $367,681
Deferred Revenue$32,106$34,482▲ $2,376
Total Liabilities$4,045,248$4,415,305▲ $370,057
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-104,112$-147,462▼ $43,350
Total Net Assets Fund Balance$-104,112$-147,462▼ $43,350
Total Liabilities and Net Assets / Fund Balance$3,941,136$4,267,843▲ $326,707
Compensation and Service Providers
Top Officer Pay85th percentile

Employees

NameTitleOtherTotal
Kim WittlerVice President$131,180$131,180
Melinda a Bunnell-rhynePresident$125,330$125,330
Darryl CampbellSecretary/treasurer$55,502$55,502

Board Members and Trustees

NameTitle
Bg Gen Ret Earl SimmsBoard Member
Dwight YoderBoard Member
J Kelly Brown JrBoard Member
Kathleen Werner Retired 1072022Secretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,614,574
Investment Income
$0
Other Revenue
$511,549
Change in Net Assets
$-43,348

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,126,123
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$2,126,123
Total Revenue per Form 990
$2,126,123
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,084,277
Salaries, Compensation, and Employee Benefits$85,194
Total Fundraising Expense$14,259
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$1,862,034$108,693$11,645$1,982,372
Other Salaries and Wages$32,071$13,014$1,395$46,480
Other Employee Benefits$26,713$10,840$1,161$38,714
Other Expenses$1,314$533$58$1,905
Total Functional Expenses$1,922,132$233,080$14,259$2,169,471

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,169,471
Total Expenses per Audited Statements$2,169,471
Total Expenses per Form 990$2,169,471
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$4,380,823
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
2024-05-03
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

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, 2023, 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, 2023, the statute of limitations for fiscal years 2020 through 2023 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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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, 2023, 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, 2023, THE STATUTE OF LIMITATIONS FOR FISCAL YEARS 2020 THROUGH 2023 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:
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IRS990ScheduleD/TotalLiabilityAmt04380823
IRS990ScheduleD/TotalRevenuePerForm990Amt02126123
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02126123
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02169471
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt04798
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt027000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt013286
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0KATHLEEN WERNER RETIRED 1072022
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0SECRETARY/TREASURER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0145824
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/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0520805606
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IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
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IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01922132
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IRS990/TotalGrossUBIAmt00
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IRS990/TotalVolunteersCnt00
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IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
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IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
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IRS990/USAddress/ZIPCd020708
IRS990/VotingMembersGoverningBodyCnt03
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ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0MELINDA BUNNELL-RHYNE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum03013692800
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-05-03
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CTU FOUNDATION INC

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,267,843
Liabilities
$4,415,305
Net assets
-$147,462
Revenue
$2,126,123
Expenses
$2,169,471
Net income
-$43,348
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
2023Detailed filing. Detailed filing data is available for this year.$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