Computing Technology Industry Association Inc
- Assets
- $152.3m
- Revenue
- $166.3m
- Investments
- $0.0
- Employees
- 440
- Location
- Downers Grove, IL
- Founding
- 04/1985
- Data as of
- 12/2023
- EIN
- 06-1058206
Organization Overview
Computing Technology Industry Association Inc is located in Downers Grove, IL. The organization was established in 1985. According to its NTEE Classification (U03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Science & Technology and related organizations. As of 12/2023, Computing Technology Industry Association Inc employed 440 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Computing Technology Industry Association Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2023, Computing Technology Industry Association Inc generated $166.3m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 11.6% each year . All expenses for the organization totaled $174.2m during the year ending 12/2023. While expenses have increased by 12.4% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Computing Technology Industry Association Inc has awarded 152 individual grants totaling $64,576,179. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
ADVANCING THE GLOBAL TECH INDUSTRY. IT PRO QUAD: EMPOWERING PEOPLE TO BUILD SUCCESSFUL TECH CAREERS. B2B QUAD: ENABLING B2B PARTNERS AND CUSTOMERS TO DELIVER TALENT TO THE GLOBAL WORKFORCE. PSA QUAD: ADVOCATING FOR INNOVATION, A SKILLED WORKFORCE AND SOLUTIONS TO DRIVE BUSINESS. BOT QUAD: ACCELERATING THE ADOPTION OF TECHNOLOGY BUSINESS SOLUTIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CERTIFICATION - COMPTIA IS THE LEADING PROVIDER OF VENDOR-NEUTRAL CERTIFICATIONS IN THE WORLD. DURING THE CURRENT YEAR 331,163 CERTIFICATION EXAMS WERE GIVEN IN PC SUPPORT, NETWORKING, SECURITY, CLOUD, LINUX, SERVER AND OTHER IT SKILLS. COMPTIA HAS BEEN DELIVERING CERTIFICATION EXAMS FOR MORE THAN 26 YEARS AND IS COMMITTED TO CONTINUALLY IMPROVING THE SERVICE WE PROVIDE TO THE INDUSTRY.
RESEARCH - THE ASSOCIATION PROVIDES RELEVANT INDUSTRY RESEARCH FOR ITS MEMBERS FREE OF CHARGE. THE RESEARCH ADDRESSES A WIDE RANGE OF ISSUES COVERING TECHNOLOGY TRENDS, CHANNEL DYNAMICS, AND THE IT WORKFORCE.
MEMBERSHIP - COMPTIA IS A THRIVING COMMUNITY OF ORGANIZATIONS THROUGHOUT THE IT CHANNEL, INCLUDING VENDORS, RESELLERS, DISTRIBUTORS, AND EDUCATORS. OUR MISSION IS TO ADVANCE THE INTERESTS OF OUR VALUED MEMBERS AND THE GLOBAL IT INDUSTRY AS A WHOLE. COMPTIA PROVIDES ITS MEMBERS WITH GLOBAL CERTIFICATIONS AND BUSINESS ACCREDITATIONS, IN-DEPTH INDUSTRY RESEARCH, TARGETED NETWORKING OPPORTUNITIES, IMPACTFUL LEADERSHIP AND ADVOCACY, AND VALUABLE BUSINESS TOOLS SUCH AS MANAGEMENT EDUCATION, LEGAL TEMPLATES, ROI CALCULATORS, AND BEST BUSINESS PRACTICES.
TRAINING & ELEARNING - COMPTIA PROVIDES EVERYTHING NEEDED TO PREPARE FOR THE CERTIFICATION EXAM. COMPTIA DEVELOPED TRAINING WITH OPTIONS THAT FIT VARIOUS LEARNING STYLES AND TIMELINES INCLUDING SELF-STUDY OR CLASSROOM TRAINING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Todd Thibodeaux President/ceo | OfficerTrustee | 40 | $2,481,123 |
Quy Nguyen Vice Chair | Trustee | 6 | $177,331 |
Tracy Pound Chair | Trustee | 6 | $171,681 |
Scott Barlow Vice Chair | Trustee | 6 | $171,076 |
John Scola Director | Trustee | 6 | $107,584 |
Jason Magee Director | Trustee | 1 | $32,907 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Hands On Learning Solution Llc Product Development | 12/30/23 | $4,076,113 |
Thinkmax Llc Consulting | 12/30/23 | $3,596,392 |
Downtown Ecommerce Partners Marketing | 12/30/23 | $3,082,471 |
Bench Prep Product Development | 12/30/23 | $2,117,647 |
Bfc Forms Service Inc Consumer Success | 12/30/23 | $1,700,503 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $637,573 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $637,573 |
| Total Program Service Revenue | $165,573,325 |
| Investment income | $136,892 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $166,347,790 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $11,069,961 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $30,000 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $7,115,990 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $64,352,207 |
| Pension plan accruals and contributions | $3,548,607 |
| Other employee benefits | $7,944,306 |
| Payroll taxes | $5,550,385 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,214,606 |
| Fees for services: Accounting | $1,206,054 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,051,423 |
| Advertising and promotion | $7,758,135 |
| Office expenses | $967,991 |
| Information technology | $8,311,303 |
| Royalties | $0 |
| Occupancy | $1,764,334 |
| Travel | $3,616,808 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,782,262 |
| Interest | $15,196,048 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,724,183 |
| Insurance | $1,250,025 |
| All other expenses | $295,564 |
| Total functional expenses | $174,197,958 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,722,821 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $16,079,120 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $3,309,541 |
| Net Land, buildings, and equipment | $12,366,929 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $9,641,666 |
| Other assets | $101,188,177 |
| Total assets | $152,308,254 |
| Accounts payable and accrued expenses | $27,849,154 |
| Grants payable | $0 |
| Deferred revenue | $34,554,160 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $14,519,800 |
| Other liabilities | $76,565,384 |
| Total liabilities | $153,488,498 |
| Net assets without donor restrictions | -$1,180,244 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $152,308,254 |
Grants Awarded
Over the last fiscal year, Computing Technology Industry Association Inc has awarded $845,000 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICA SUCCEEDS PURPOSE: EDUCATION | $350,000 |
TECHNOLOGYSTUDENT ASSOCIATION PURPOSE: EDUCATION | $187,500 |
INSPIRING TECH FOUNDATION PURPOSE: EDUCATION | $125,000 |
INNOCENT LIVES FOUNDATION PURPOSE: EDUCATION | $30,000 |
INNER CITY COMPUTER STARS PURPOSE: EDUCATION | $30,000 |
HARBOR COMPUTER SERVICES PURPOSE: EDUCATION | $25,000 |