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Nonprofiteer
← CAPITOL TECHNOLOGY UNIVERSITY

Form 990 for tax year 2023

Filed by CAPITOL TECHNOLOGY UNIVERSITY.

Totals

Total revenue
$19,831,258
Total expenses
$19,564,086
Contributions and grants received
$3,163,097
Grants paid
$3,849,348
Program service revenue
$16,356,982
Investment income
$221,927
Other revenue
$89,252
Total assets, end of year
$28,689,582
Total liabilities, end of year
$5,382,840
Net assets or fund balances, end of year
$23,306,742
Program services expenses (Part IX)
$13,466,172
Management and general expenses
$5,092,051
Fundraising expenses
$1,005,863
Program service expenses (Part III)
$13,466,172

Program services were 68.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $3,100,770

  • 1f · All other contributions, gifts and grants

    $62,327

  • 2a · Program service revenue: TUITION AND FEES

    total $16,356,739 · related or exempt $16,356,739

  • 2b · Program service revenue: AUXILIARY INCOME

    total $243 · related or exempt $243

  • 3 · Investment income

    total $221,927 · excluded $221,927

  • 6a · Gross rents

    real property $69,893

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $69,893

  • 6d · Net rental income or loss

    total $69,893 · excluded $69,893

  • 11a · Other revenue: OTHER REVENUE

    total $19,359 · related or exempt $19,359

  • 11e · Other revenue, total

    $19,359

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $3,849,348 · program services $3,849,348

  • 5 · Compensation of officers, directors and key employees

    total $636,288 · program services $454,326 · management and general $154,792 · fundraising $27,170

  • 7 · Other salaries and wages

    total $8,183,379 · program services $5,950,508 · management and general $1,818,476 · fundraising $414,395

  • 8 · Pension plan contributions

    total $190,220 · program services $103,863 · management and general $67,929 · fundraising $18,428

  • 9 · Other employee benefits

    total $512,870 · program services $290,325 · management and general $203,711 · fundraising $18,834

  • 10 · Payroll taxes

    total $562,623 · program services $398,500 · management and general $130,417 · fundraising $33,706

  • 11b · Fees: legal

    total $19,382 · program services $7,500 · management and general $6,672 · fundraising $5,210

  • 11g · Fees: other

    total $916,135 · program services $473,791 · management and general $243,786 · fundraising $198,558

  • 12 · Advertising and promotion

    total $382,323 · program services $5,445 · management and general $226,127 · fundraising $150,751

  • 13 · Office expenses

    total $921,350 · program services $754,077 · management and general $140,968 · fundraising $26,305

  • 16 · Occupancy

    total $1,023,084 · program services -$26,608 · management and general $1,030,633 · fundraising $19,059

  • 17 · Travel

    total $155,148 · program services $145,879 · management and general $3,927 · fundraising $5,342

  • 20 · Interest

    total $205,906 · program services $146,193 · management and general $49,417 · fundraising $10,296

  • 22 · Depreciation, depletion and amortization

    total $541,371 · management and general $541,371

  • 23 · Insurance

    total $223,721 · management and general $223,721

  • 24a · Other expenses: DUES AND FEES

    total $360,310 · program services $88,948 · management and general $224,371 · fundraising $46,991

  • 24b · Other expenses: BAD DEBT

    total $256,584 · program services $255,899 · management and general $685

  • 24c · Other expenses: RECRUITING

    total $143,771 · program services $143,771

  • 24e · All other expenses

    total $480,273 · program services $424,407 · management and general $25,048 · fundraising $30,818

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $957,054 · end of year $1,906,059

  • 3 · Pledges and grants receivable

    beginning of year $287,524 · end of year $58,727

  • 4 · Accounts receivable

    beginning of year $1,287,836 · end of year $1,157,149

  • 7 · Other notes and loans receivable

    beginning of year $199,339 · end of year $176,128

  • 9 · Prepaid expenses and deferred charges

    beginning of year $600,898 · end of year $745,054

  • 10a · Land, buildings and equipment: cost or other basis

    $30,498,576

  • 10b · Land, buildings and equipment: accumulated depreciation

    $19,144,794

  • 10c · Land, buildings and equipment, net

    beginning of year $11,447,953 · end of year $11,353,782

  • 12 · Investments: other securities

    beginning of year $8,458,078 · end of year $9,245,080

  • 15 · Other assets

    beginning of year $4,393,695 · end of year $4,047,603

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,291,335 · end of year $1,521,802

  • 18 · Grants payable

    beginning of year $239,731 · end of year $196,659

  • 19 · Deferred revenue

    beginning of year $200 · end of year $43,210

  • 23 · Secured mortgages and notes payable

    beginning of year $3,860,981 · end of year $3,621,169

  • 27 · Net assets without donor restrictions

    beginning of year $16,757,449 · end of year $17,102,750

  • 28 · Net assets with donor restrictions

    beginning of year $5,482,681 · end of year $6,203,992

Mission and programs · 2023

Mission

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.

  • TO PROVIDE EDUCATIONAL OPPORTUNITIES TO STUDENTS AT THE UNIVERSITY LEVEL.

    Expenses $13,466,172 · Grants $3,849,348 · Revenue $16,376,341

As filed on the 2023 return.

Listed in Part VII

  • Andre Mendes

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Mahesh Kalva

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Reginald Daniel

    TRESURER

    Total calculated
    $0
    Hours/week
    2

  • Marianne Meins

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Elliot Shatzman

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Bg Gen Ret Earl Simms

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Vennard Wright

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Craig Otto

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Michael Johnson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Mary McGuire

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Dr Bradford Sims

    PRESIDENT

    Total calculated
    $417,918
    From this org
    $373,136
    From related orgs
    $0
    Other
    $44,782
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $316,643
    Bonus
    $56,493
    Other
    $0
    Deferred
    $17,558
    Nontaxable benefits
    $27,224
    Filer's total
    $417,918

  • Dianne M O'Neil

    SVP FOR ENROLLMENT MANAGEMENT & MARKETING

    Total calculated
    $219,862
    From this org
    $182,727
    From related orgs
    $0
    Other
    $37,135
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $174,602
    Bonus
    $8,125
    Other
    $0
    Deferred
    $9,091
    Nontaxable benefits
    $28,044
    Filer's total
    $219,862

  • Dr William Butler

    VP ACADEMIC AFFAIRS

    Total calculated
    $200,892
    From this org
    $157,035
    From related orgs
    $0
    Other
    $43,857
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $150,035
    Bonus
    $7,000
    Other
    $0
    Deferred
    $6,781
    Nontaxable benefits
    $37,076
    Filer's total
    $200,892

  • Eric Motycka

    DIRECTOR OF DEVELOPMENT

    Total calculated
    $110,482
    From this org
    $106,921
    From related orgs
    $0
    Other
    $3,561
    Hours/week
    40

  • Kim Wittler

    ASSISTANT VP OF ENROLLMENT

    Total calculated
    $143,658
    From this org
    $111,946
    From related orgs
    $0
    Other
    $31,712
    Hours/week
    40

  • Natasha Miller

    ASSISTANT VP OF LEARNING ASSESSMENT

    Total calculated
    $115,133
    From this org
    $103,230
    From related orgs
    $0
    Other
    $11,903
    Hours/week
    40

  • William Drayton

    DIRECTOR OF STRUCTURAL DESIGN & ONLINE LEARNING

    Total calculated
    $106,525
    From this org
    $101,968
    From related orgs
    $0
    Other
    $4,557
    Hours/week
    40

  • Kellep Charles

    CHAIR OF CYBER PSYCHOLOGY

    Total calculated
    $117,100
    From this org
    $106,600
    From related orgs
    $0
    Other
    $10,500
    Hours/week
    40

  • Darryl Campbell Term 1223

    VP FOR FINANCE & ADMINSTRATION

    Total calculated
    $186,926
    From this org
    $170,340
    From related orgs
    $0
    Other
    $16,586
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $148,003
    Bonus
    $7,500
    Other
    $14,837
    Deferred
    $2,813
    Nontaxable benefits
    $13,773
    Filer's total
    $186,926

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
14 May 2025
IRS schema version
2023v6.0
Source object
202531349349303933

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