Civic Intelligence

Ctu Foundation Inc.

990 • Fiscal year 2024 • EIN 82-1932020

Jul 01, 2023 to Jun 30, 2024 • Filed on May 14, 2025

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

1.00x

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

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

92nd percentile

1.60x

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

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

53rd percentile

6.1%

Higher net margin than 53% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

88th percentile

$181,600

Higher top officer pay than 88% of similar nonprofits.

Top officer pay equals 7.1% of source-year revenue.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

24th percentile

-4.2%

Faster asset growth than 24% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

66th percentile

20%

Faster revenue growth than 66% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets94th percentile

Assets

Down

$4,087,753

Down $180,090 (-4.2%) from 2023

Net Assets

Up

$7,330

Up $154,792 (+105%) from 2023

Liabilities

Down

$4,080,423

Down $334,882 (-7.6%) from 2023

Revenue And Expenses
Liabilities / Revenue92nd percentileNet Margin53rd percentile

Revenue

Up

$2,550,762

Up $424,639 (+20%) from 2023

Expenses

Up

$2,395,971

Up $226,500 (+10%) from 2023

Net Income

Up

$154,791

Up $198,139 (+457%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth24th 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

2024

Assets$4,087,753
Liabilities$4,080,423
Net Assets$7,330
Open 2024 Filing

Operations Trend

Revenue Growth66th 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

2024

Revenue$2,550,762
Expenses$2,395,971
Net Income$154,791
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 14, 2025
Return Version
2023v6.0
Gross Receipts
$2,550,762
Mission and Program Overview

Mission

None

Supporting organization of the institution known as capitol technology unviersity.

Balance Sheet Detail
LineBeginningEndChange
Assets
Intangible Assets$3,508,333$3,408,333▼ $100,000
Cash and Non-Interest-Bearing Accounts$756,223$673,723▼ $82,500
Prepaid Expenses and Deferred Charges$3,287$5,697▲ $2,410
Total Assets$4,267,843$4,087,753▼ $180,090
Liabilities
Other Liabilities$4,380,823$4,033,524▼ $347,299
Deferred Revenue$34,482$46,899▲ $12,417
Total Liabilities$4,415,305$4,080,423▼ $334,882
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-147,462$7,330▲ $154,792
Total Net Assets Fund Balance$-147,462$7,330▲ $154,792
Total Liabilities and Net Assets / Fund Balance$4,267,843$4,087,753▼ $180,090
Compensation and Service Providers
Top Officer Pay88th percentile

Employees

NameTitleOtherTotal
Kim WittlerVice President$138,309$138,309
Melinda a Bunnell-rhynePresident$127,184$127,184

Board Members and Trustees

NameTitle
Bg Gen Ret Earl SimmsBoard Member
Dwight YoderBoard Member
Darryl Campbell Term 12224Secretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,798,513
Investment Income
$0
Other Revenue
$752,249
Change in Net Assets
$154,791

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,550,762
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$2,550,762
Total Revenue per Form 990
$2,550,762
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,283,239
Salaries, Compensation, and Employee Benefits$112,732
Total Fundraising Expense$24,383
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$2,072,780$89,402$18,625$2,180,807
Other Salaries and Wages$43,006$14,537$3,030$60,573
Other Employee Benefits$37,033$12,518$2,608$52,159
Other Expenses$1,728$584$120$2,432
Total Functional Expenses$2,154,547$217,041$24,383$2,395,971

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,395,971
Total Expenses per Audited Statements$2,395,971
Total Expenses per Form 990$2,395,971
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$4,033,524
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
No
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
2025-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Melinda Bunnell-rhyne
Formed
2017
Legal Domicile
Md
Voting Board Members
2
Independent Board Members
2
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 been 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, 2024, 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, 2024, the statute of limitations for fiscal years 2021 through 2024 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, 2024, 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, 2024, THE STATUTE OF LIMITATIONS FOR FISCAL YEARS 2021 THROUGH 2024 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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IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02550762
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02395971
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IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt07500
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0148003
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt02813
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt08447
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0DARRYL CAMPBELL TERM 12224
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0181600
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 BEEN 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/AssetSaleToOtherOrgInd00
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IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
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IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd01
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0757627
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0FMV
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0CAPITOL TECHNOLOGY UNIVERSITY
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IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
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IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
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IRS990/TotalEmployeeCnt00
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IRS990/UponRequestInd0X
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IRS990/USAddress/ZIPCd020708
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IRS990/VotingMembersIndependentCnt02
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
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ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
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ReturnHeader/Filer/USAddress/StateAbbreviationCd0MD
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SB & COMPANY LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt010200 GRAND CENTRAL AVE SUITE 250
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0OWINGS MILLS

Document Assets

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Filings

Displayed year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,087,753
Liabilities
$4,080,423
Net assets
$7,330
Revenue
$2,550,762
Expenses
$2,395,971
Net income
$154,791
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$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