California University Of Business And Technology is located in Hacienda Heights, CA. The organization was established in 1991. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. California University Of Business And Technology 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 05/2020, California University Of Business And Technology generated $570.5k 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 (5.0%) each year. All expenses for the organization totaled $770.0k during the year ending 05/2020. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
A SMALL INSTITUTION PROVIDES DEGREE PROGRAMS FOR STUDENTS TO COMPLETE BACHELOR, MASTER AND DOCTORAL DEGREES IN BUSINESS ADMINISTRATION, COMPUTER INFORMATION SYSTEMS OR EDUCATION.
Describe the Organization's Program Activity:
IN 2021, THE ORGANIZATION PAID $188583 FOR PROFESSOR FEES
IN 2021, THE ORGANIZATION PAID $235 FOR BUSINESS LICENSE AND FEES
IN 2021, THE ORGANIZATION PAID $1390 FOR GRADUATION AND EVENTS
Name (title) | Role | Hours | Compensation |
---|---|---|---|
George Huang COO | Officer | 32 | $0 |
Peter Nasmyth CEO | Officer | 32 | $0 |
Colleen Meyer CFO | Officer | 32 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
Investment income | $0 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $127,927 |
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 | $570,476 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $0 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $0 |
Fees for services: Management | $0 |
Fees for services: Legal | $50,243 |
Fees for services: Accounting | $26,000 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $0 |
Office expenses | $8,385 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $6,337 |
Travel | $53 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $195,865 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $8,041 |
All other expenses | $0 |
Total functional expenses | $770,010 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $250,583 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $0 |
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 | $0 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $6,280,067 |
Accounts payable and accrued expenses | $80,154 |
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 | $0 |
Unsecured mortgages and notes payable | $3,713,507 |
Other liabilities | $8,923 |
Total liabilities | $3,802,584 |
Net assets without donor restrictions | $0 |
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 |
Total liabilities and net assets/fund balances | $2,477,483 |
Organization Name | Assets | Revenue |
---|---|---|
Concordia University Irvine, CA | $216,619,359 | $134,293,913 |
Whittier College Whittier, CA | $322,047,237 | $96,024,170 |
Claremont Graduate University Claremont, CA | $282,759,045 | $94,587,172 |
Soka University Of America Aliso Viejo, CA | $1,933,834,260 | $62,118,050 |
Fresno Pacific University Fresno, CA | $60,393,077 | $83,753,327 |
Mills College Oakland, CA | $350,121,466 | $66,976,273 |
La Sierra University Riverside, CA | $224,274,397 | $79,132,443 |
Cal Poly Corporation San Luis Obispo, CA | $221,621,500 | $66,523,157 |
Chaminade University Of Honolulu Honolulu, HI | $103,384,806 | $64,562,356 |
Golden Gate University San Francisco, CA | $141,254,047 | $81,559,491 |
Holy Names University Oakland, CA | $93,790,592 | $49,885,644 |
Woodbury University Burbank, CA | $66,650,435 | $51,740,863 |