Capitol Technology University
- Assets
- $27.1m
- Revenue
- $19.0m
- Investments
- $7.8m
- Employees
- 279
- Location
- Laurel, MD
- Founding
- 02/1965
- Data as of
- 06/2022
- EIN
- 52-0805606
Organization Overview
Capitol Technology University is located in Laurel, MD. The organization was established in 1965. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 06/2022, Capitol Technology University employed 279 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Capitol Technology University 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 06/2022, Capitol Technology University generated $19.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $17.4m during the year ending 06/2022. While expenses have increased by 2.8% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE PRACTICAL EDUCATION IN ENGINEERING, COMPUTER SCIENCE, INFORMATION TECHNOLOGY AND BUSINESS THAT PREPARES INDIVIDUALS FOR PROFESSIONAL CAREERS AND AFFORDS THEM THE OPPORTUNITY TO THRIVE IN A CHANGING WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE EDUCATIONAL OPPORTUNITIES TO STUDENTS AT THE UNIVERSITY LEVEL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andre Mendes Chair | Trustee | 2 | $0 |
Bg Gen Real Simms Trustee | Trustee | 2 | $0 |
Craig Otto Trustee | Trustee | 2 | $0 |
Elliot Schatzman Trustee | Trustee | 2 | $0 |
Jonathan Patrick Trustee | Trustee | 2 | $0 |
Kelly Brown Treasurer | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Allied Universal Campus Security | 6/29/22 | $160,432 |
Elliance Marketing And Website Design | 6/29/22 | $228,681 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,644,859 |
| All other contributions, gifts, grants, and similar amounts not included above | $410,919 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,055,778 |
| Total Program Service Revenue | $13,828,199 |
| Investment income | $42,051 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $18,963 |
| 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 | $18,959,272 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $4,731,903 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $662,504 |
| Compensation of current officers, directors, key employees. | $162,454 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,485,375 |
| Pension plan accruals and contributions | $140,997 |
| Other employee benefits | $324,979 |
| Payroll taxes | $482,931 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $39,903 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $348,832 |
| Office expenses | $686,538 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,220,843 |
| Travel | $79,904 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $182,404 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $690,465 |
| Insurance | $133,841 |
| All other expenses | $0 |
| Total functional expenses | $17,365,276 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,636,190 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $310,770 |
| Accounts receivable, net | $1,102,154 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $101,933 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $620,197 |
| Net Land, buildings, and equipment | $11,499,034 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $7,776,928 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,024,239 |
| Total assets | $27,071,445 |
| Accounts payable and accrued expenses | $1,277,364 |
| Grants payable | $137,899 |
| Deferred revenue | $374,109 |
| 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 | $4,135,922 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $5,925,294 |
| Net assets without donor restrictions | $16,104,749 |
| Net assets with donor restrictions | $5,041,402 |
| 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 | $27,071,445 |