Ctc Academy Inc
- Assets
- $27.0m
- Revenue
- $17.5m
- Investments
- $1.0k
- Employees
- 313
- Location
- Fair Lawn, NJ
- Founding
- 08/1955
- Data as of
- 06/2023
- EIN
- 22-1508549
Organization Overview
Ctc Academy Inc is located in Fair Lawn, NJ. The organization was established in 1955. As of 06/2023, Ctc Academy Inc employed 313 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ctc Academy Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2023, Ctc Academy Inc generated $17.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $17.1m during the year ending 06/2023. While expenses have increased by 6.5% per year over the past 8 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
CTC ACADEMY PROVIDES EDUCATIONAL AND THERAPEUTIC SERVICES FOR CHILDREN WITH DEVELOPMENTAL DISABILITIES. A MULTI-SENSORY APPROACH IS UTILIZED IN A NURTURING AND CARING ENVIRONMENT TO ENRICH THE LIVES OF OUR STUDENTS AND MAXIMIZE THEIR POTENTIAL WHILE LENDING SUPPORT TO THEIR FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SPECIAL EDUCATION INSTRUCTION - EDUCATIONAL SERVICES FOR CHILDREN WITH DEVELOPMENTAL DISABILITIES.
OTHER PROGRAMS INCLUDING:- PONY POWER- HOME SCHOOL ASSOCIATION- FAMILY FUSION
EXTRAORDINARY SERVICES - THERAPEUTIC SERVICES FOR CHILDREN WITH DEVELOPMENTAL DISABILITIES.
EARLY ENRICHMENT PROGRAM (EEP
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Clara S Licata Trustee | Trustee | 1 | $0 |
Tania Gold Trustee | Trustee | 1 | $0 |
Tara Harris Trustee | Trustee | 1 | $0 |
Jonathan D Mach President | OfficerTrustee | 1 | $0 |
Anthony Davis Secretary | OfficerTrustee | 1 | $0 |
Dr Lisa Nalven Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Above And Beyond Learning Group Aba And Speech Therapy | 6/29/23 | $120,051 |
Network Doctor Nj Llc It Services | 6/29/23 | $262,759 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $116,129 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $493,148 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $609,277 |
| Total Program Service Revenue | $16,627,921 |
| Investment income | $122,422 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $108,746 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $17,485,063 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $20,871 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $439,089 |
| Compensation of current officers, directors, key employees. | $439,089 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,426,118 |
| Pension plan accruals and contributions | $136,170 |
| Other employee benefits | $2,769,345 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $33,585 |
| Fees for services: Accounting | $69,265 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $605,199 |
| Advertising and promotion | $1,938 |
| Office expenses | $200,026 |
| Information technology | $67,523 |
| Royalties | $0 |
| Occupancy | $186,446 |
| Travel | $11,542 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,645 |
| Interest | $161,778 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $911,517 |
| Insurance | $109,193 |
| All other expenses | $0 |
| Total functional expenses | $17,135,144 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,163,940 |
| Savings and temporary cash investments | $4,114,683 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,103,612 |
| 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 | $32,632 |
| Net Land, buildings, and equipment | $15,110,095 |
| Investments—publicly traded securities | $1,237,630 |
| Investments—other securities | $1,040 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,204,204 |
| Total assets | $26,967,836 |
| Accounts payable and accrued expenses | $478,811 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $5,619,308 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,204,204 |
| Total liabilities | $9,302,323 |
| Net assets without donor restrictions | $17,353,287 |
| Net assets with donor restrictions | $312,226 |
| 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 | $26,967,836 |