Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1d · Related organizations

  $8,240,000

• 1f · All other contributions, gifts and grants

  $38,525

• 2a · Program service revenue: TRAINING

  total $2,880,658 · related or exempt $2,880,658

• 2b · Program service revenue: CONTENT

  total $345,752 · related or exempt $345,752

• 2c · Program service revenue: CERTIFICATION

  total $199,383 · related or exempt $199,383

• 2d · Program service revenue: TUITION AND FEES

  total $178,719 · related or exempt $178,719

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $1,314,282 · program services $1,295,609 · management and general $18,673

• 7 · Other salaries and wages

  total $5,077,596 · program services $3,840,439 · management and general $1,237,157

• 8 · Pension plan contributions

  total $801,581 · program services $761,678 · management and general $39,903

• 9 · Other employee benefits

  total $11,835 · program services $5,655 · management and general $6,180

• 10 · Payroll taxes

  total $425,353 · program services $335,026 · management and general $90,327

• 12 · Advertising and promotion

  total $1,111,857 · program services $806,538 · management and general $305,319

• 13 · Office expenses

  total $37,020 · program services $34,025 · management and general $2,995

• 14 · Information technology

  total $22,536 · program services $12,572 · management and general $9,964

• 17 · Travel

  total $282,669 · program services $269,569 · management and general $13,100

• 19 · Conferences, conventions and meetings

  total $14,118 · program services $3,575 · management and general $10,543

• 22 · Depreciation, depletion and amortization

  total $419,547 · program services $229,607 · management and general $189,940

• 23 · Insurance

  total -$38,974 · program services -$46,726 · management and general $7,752

• 24a · Other expenses: COST OF TESTS DELIVERED

  total $1,003,958 · program services $1,003,958

• 24b · Other expenses: CONSULTING AND OUTSOURC

  total $591,353 · program services $591,353

• 24c · Other expenses: BAD DEBT

  total $350,942 · program services $350,942

• 24d · Other expenses: BANK FEES AND OTHER EXP

  total $20,667 · program services $20,606 · management and general $61

• 24e · All other expenses

  total -$11,417 · program services -$11,521 · management and general $104

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $2,139,487 · end of year $617,880

• 4 · Accounts receivable

  beginning of year $337,158 · end of year $840,212

• 9 · Prepaid expenses and deferred charges

  beginning of year $28,152 · end of year $16,086

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

  $333,046

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

  $118,295

• 10c · Land, buildings and equipment, net

  beginning of year $224,055 · end of year $214,751

• 14 · Intangible assets

  end of year $3,625,000

• 15 · Other assets

  beginning of year $0 · end of year $2,119,227

• 17 · Accounts payable and accrued expenses

  beginning of year $824,840 · end of year $1,887,673

• 19 · Deferred revenue

  beginning of year $1,955,920

• 25 · Other liabilities

  beginning of year $891,691 · end of year $5,657,170

• 27 · Net assets without donor restrictions

  beginning of year -$943,599 · end of year -$111,687

The filer's explanations (Part III)

PART I, LINE 3

DIRECTOR, TREASURER, SECRETARY AND PRESIDENT SALARY: TODD THIBODEAUX'S (DIRECTOR), BRIAN LAFFEY'S (TREASURER), COURTNEY FONG'S (SECRETARY) AND CHARLES EATON'S (CEO) SALARIES AND BENEFITS ARE 100% PAID BY THE COMPUTING TECHNOLOGY INDUSTRY ASSOCIATION, INC. AN AFFILIATED COMPANY OF COMPTIA TECH CAREER ACADEMY ('ACADEMY'). NO MONIES COLLECTED BY COMPTIA TECH CAREER ACADEMY ARE USED TO PAY THESE SALARIES OR BENEFITS.