International Technological University Foundation
- Assets
- $4.2m
- Revenue
- $6.2m
- Investments
- $0.0
- Employees
- 79
- Location
- Santa Clara, CA
- Founding
- 03/1986
- Data as of
- 06/2021
- EIN
- 94-2955205
Organization Overview
International Technological University Foundation is located in Santa Clara, CA. The organization was established in 1986. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 06/2021, International Technological University Foundation employed 79 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. International Technological University Foundation 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 06/2021, International Technological University Foundation generated $6.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (14.0%) each year. All expenses for the organization totaled $4.5m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (20.0%) per year over the past 6 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
ITU PIONEERS A MODERN, INDUSTRY-FOCUSED EDUCATIONAL MODEL TO DELIVER EDUCATION GLOBALLY. ITU'S EDUCATIONAL PEDAGOGY CULTIVATES INNOVATIVE THINKING, ETHICAL LEADERSHIP, AND AN ENTREPRENEURIAL SPIRIT THROUGH PRACTICAL, INDUSTRY RELEVANT CURRICULUM THAT REFLECTS SILICON VALLEY'S CULTURE. ITU CLOSES THE EMPLOYMENT SKILLS GAP AND EMPOWERS PEOPLE TO LEAD SUCCESSFUL, ENRICHING LIVES AS MEANINGFUL CONTRIBUTORS TO THE GLOBAL COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ITU PROVIDES GRADUATE DEGREE PROGRAMS AT THE MASTER'S LEVEL (MS) IN COMPUTER SCIENCE, SOFTWARE/COMPUTER ENGINEERING (SE/CE), ELECTRICAL ENGINEERING (EE), DIGITAL ARTS, DIGITAL MEDIA MANAGEMENT, INFORMATION & CYBER SECURITY, AND ENGINEERING MANAGEMENT. ITU ALSO OFFERS A MASTER'S OF BUSINESS ADMINISTRATION (MBA) WITH CONCENTRATIONS IN AREA OF BUSINESS ANALYTICS, HEALTHCARE MANAGEMENT, AND GENERAL MBA. THE UNIVERSITY OFFERS DOCTOR OF PHILOSOPHY PROGRAMS IN ELECTRICAL ENGINEERING AND IN INTERDISCIPLINARY SCIENCES. IN ADDITION, ITU OFFERS A DOCTORAL PROGRAM IN BUSINESS ADMINISTRATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mamoun Abu-Samaha Cto | Officer | 40 | $144,992 |
Amal Mougharbel CFO | Officer | 40 | $104,660 |
Yau-Gene Chan President And CEO | OfficerTrustee | 40 | $100,896 |
John Dubois Chair And Secretary | OfficerTrustee | 1 | $0 |
Ivan Chan Treasurer | OfficerTrustee | 1 | $0 |
Dr Poland Hung Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
V Capital Real Estate Asset Management I Rent | 6/29/21 | $163,000 |
Hr Pro Hr Consultant | 6/29/21 | $120,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,138,987 |
| All other contributions, gifts, grants, and similar amounts not included above | $200,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,338,987 |
| Total Program Service Revenue | $4,852,483 |
| Investment income | $12,160 |
| 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 | $6,203,630 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $153,289 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $450,705 |
| Compensation of current officers, directors, key employees. | $274,930 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,087,718 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $95,572 |
| Payroll taxes | $158,142 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $83,099 |
| Fees for services: Accounting | $88,382 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $120,000 |
| Advertising and promotion | $57,640 |
| Office expenses | $36,480 |
| Information technology | $69,456 |
| Royalties | $0 |
| Occupancy | $221,667 |
| Travel | $7,164 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,185 |
| Interest | $38,050 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $102,931 |
| Insurance | $81,360 |
| All other expenses | $47,199 |
| Total functional expenses | $4,473,570 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,564,333 |
| Savings and temporary cash investments | $62,784 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $22,540 |
| 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 | $105,247 |
| Net Land, buildings, and equipment | $111,118 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $260,110 |
| Other assets | $26,800 |
| Total assets | $4,152,932 |
| Accounts payable and accrued expenses | $741,764 |
| Grants payable | $0 |
| Deferred revenue | $480,130 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $359,569 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $1,133,275 |
| Other liabilities | $566,661 |
| Total liabilities | $3,281,399 |
| Net assets without donor restrictions | $871,533 |
| 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 | $4,152,932 |
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|---|---|---|
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Warner Pacific University Portland, OR | $31,322,080 | $17,832,195 |
National University Of Natural Medicine Portland, OR | $24,174,669 | $16,800,960 |
California State University East Bay Foundation Inc Hayward, CA | $25,796,155 | $16,250,485 |
Campus Research Corporation Tucson, AZ | $42,821,356 | $14,706,755 |
Frank Lloyd Wright Foundation Scottsdale, AZ | $22,427,881 | $12,357,928 |
University Union Operation Of Ca State Univ Sacramento Sacramento, CA | $25,245,130 | $13,834,103 |
John Paul The Great Catholic University Escondido, CA | $9,814,132 | $8,425,507 |
San Francisco Bay University Fremont, CA | $295,269,122 | $7,298,553 |
Arizona State University Research Park Inc Scottsdale, AZ | $67,696,624 | $12,610,493 |
University Of The West Rosemead, CA | $35,930,246 | $8,666,423 |
Wave Enterprises Inc Malibu, CA | $44,595,796 | $15,038,830 |