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Nonprofiteer
← COMPTIA TECH CAREER ACADEMY

Form 990 for tax year 2023

Filed by COMPTIA TECH CAREER ACADEMY.

This return was superseded by a later amendment. matched by us It is kept because history is preserved rather than replaced.

What the amendment changed

Compared with the latest return for 2023 , filed 11 December 2024. matched by us Only the return's totals, a 990-PF's accounting method and the names listed in Part VII (Part VIII on a 990-PF) are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Total revenue
$9,354,968 changed to $831,618
Total expenses
$7,363,079 changed to $1,040,584
Contributions and grants received
$6,303,446 changed to $0
Program service revenue
$3,013,623 changed to $831,618
Investment income
$37,899 changed to $0
Total assets, end of year
$3,635,786 changed to $0
Total liabilities, end of year
$3,446,072 changed to $0
Net assets or fund balances, end of year
$189,714 changed to $0
Program services expenses
$4,772,719 changed to $1,040,584
Management and general expenses
$2,590,360 changed to $0
Program service expenses (Part III)
$4,772,719 changed to $1,040,584

Listed only on the earlier return

  • Anthony Derosa
  • Colleen Komar
  • Guy Mor
  • Kathleen Brennan
  • Lauren Pierce

Totals

Total revenue
$9,354,968
Total expenses
$7,363,079
Contributions and grants received
$6,303,446
Grants paid
$0
Program service revenue
$3,013,623
Investment income
$37,899
Other revenue
$0
Total assets, end of year
$3,635,786
Total liabilities, end of year
$3,446,072
Net assets or fund balances, end of year
$189,714
Program services expenses (Part IX)
$4,772,719
Management and general expenses
$2,590,360
Fundraising expenses
$0
Program service expenses (Part III)
$4,772,719

Program services were 64.8% 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.

  • 1d · Related organizations

    $6,300,000

  • 1f · All other contributions, gifts and grants

    $3,446

  • 2a · Program service revenue: TRAINING

    total $2,363,887 · related or exempt $2,363,887

  • 2b · Program service revenue: CONTENT

    total $325,209 · related or exempt $325,209

  • 2c · Program service revenue: CERTIFICATION

    total $232,337 · related or exempt $232,337

  • 2d · Program service revenue: TUITION AND FEES

    total $92,190 · related or exempt $92,190

  • 3 · Investment income

    total $37,899 · excluded $37,899

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $770,623 · program services $613,323 · management and general $157,300

  • 7 · Other salaries and wages

    total $3,037,114 · program services $2,520,368 · management and general $516,746

  • 8 · Pension plan contributions

    total $124,647 · program services $103,069 · management and general $21,578

  • 10 · Payroll taxes

    total $334,877 · program services $272,801 · management and general $62,076

  • 12 · Advertising and promotion

    total $128,938 · management and general $128,938

  • 13 · Office expenses

    total $78,738 · management and general $78,738

  • 14 · Information technology

    total $144,960 · management and general $144,960

  • 17 · Travel

    total $278,747 · management and general $278,747

  • 19 · Conferences, conventions and meetings

    total $63,368 · management and general $63,368

  • 21 · Payments to affiliates

    total $803,962 · management and general $803,962

  • 22 · Depreciation, depletion and amortization

    total $13,286 · management and general $13,286

  • 24a · Other expenses: COST OF TESTS DELIVERED

    total $847,692 · program services $847,692

  • 24b · Other expenses: CONSULTING AND OUTSOURC

    total $387,001 · program services $387,001

  • 24c · Other expenses: RENT

    total $244,975 · management and general $244,975

  • 24d · Other expenses: BAD DEBT

    total $47,774 · management and general $47,774

  • 24e · All other expenses

    total $56,377 · program services $28,465 · management and general $27,912

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $617,880 · end of year $3,137,510

  • 4 · Accounts receivable

    beginning of year $840,212 · end of year $618,032

  • 9 · Prepaid expenses and deferred charges

    beginning of year $16,086 · end of year $13,086

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

    $333,047

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

    $172,264

  • 10c · Land, buildings and equipment, net

    beginning of year $214,751 · end of year $160,783

  • 14 · Intangible assets

    beginning of year $3,625,000 · end of year $0

  • 15 · Other assets

    beginning of year $2,119,227 · end of year -$293,625

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,887,673 · end of year $400,120

  • 25 · Other liabilities

    beginning of year $5,657,170 · end of year $3,045,952

  • 27 · Net assets without donor restrictions

    beginning of year -$111,687 · end of year $189,714

Mission and programs · 2023

Mission

COMPTIA TECH CAREER ACADEMY'S MISSION IS TO UNLOCK PEOPLE'S POTENTIAL BY HELPING THEM LAUNCH AND GROW THEIR CAREERS IN INFORMATION TECHNOLOGY. AS A NON-PROFIT, WE TRAIN AND PREPARE ADULTS FOR CERTIFICATION AND SUCCESS IN IT JOBS TO ADDRESS AN (SEE SCH O) INDUSTRY SHORTAGE OF SKILLED IT PROFESSIONALS, A SHORTAGE NOTED BY THE NATIONAL SCIENCE FOUNDATION. OUR SOLE MOTIVATION IS TO HELP STUDENTS LAND AND THRIVE IN IT JOBS IN ORDER TO GROW THE TECH WORKFORCE. COMPTIA TECH CAREER ACADEMY IS A NONPROFIT SUBSIDIARY OF CREATING IT FUTURES FOUNDATION, A 501(C)3 CHARITABLE ORGANIZATION. CREATING IT FUTURES, IN TURN, IS A SUBSIDIARY OF THE NONPROFIT, INTERNATIONAL TECH TRADE ASSOCIATION, COMPTIA, HEADQUARTERED IN DOWNERS GROVE, ILLINOIS.

Activities or mission (Part I)

CTCA STUDIES THE INTERSECTION OF TECHNOLOGY AND WORKFORCE, AND LEVERAGES THOSE INSIGHTS (SEE SCH O) TO PRODUCE DATA-DRIVEN, SMART SOLUTIONS, POLICIES, AND METHODOLOGIES TO ENSURE A PRODUCTIVE, VIABLE, AND EQUITABLE 21ST CENTURY. CTCA LOOKS AT NEW TECHNOLOGY JOB CREATION TRENDS FOR BOTH DEGREE AND NON-DEGREE WORKERS; EXPLORES HOW NEW TECHNOLOGIES MIGHT BE CREATING EFFICIENCIES AND OPENING UP OPPORTUNITIES FOR EXISTING WORKERS; AND WHAT FISCAL AND SOCIAL POLICIES ARE NEEDED TO BOTH FACILITATE AND EASE THE TRANSITION FROM TRADITIONAL BLUE COLLAR JOBS TO "NEW COLLAR" JOBS.

  • AT COMPTIA TECH CAREER ACADEMY, OUR GOAL IS TO HELP YOU LAND, AND SUCCEED IN, AN IT JOB. WE TRAIN STUDENTS WITH LITTLE-TO-NO INFORMATION TECHNOLOGY EXPERIENCE AND GIVE YOU THE TECHNICAL AND SOFT SKILLS TO LAUNCH YOUR CAREER.

    Expenses $4,772,719 · Revenue $3,013,623

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Todd Thibodeaux

    CHAIRMAN, DIRECTOR

    Total calculated
    $3,650,654
    From this org
    $0
    From related orgs
    $2,481,123
    Other
    $1,169,531
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,277,802 related
    Bonus
    $0 + $1,116,714 related
    Other
    $0 + $86,607 related
    Deferred
    $0 + $1,156,570 related
    Nontaxable benefits
    $0 + $12,961 related
    Filer's total
    $0 + $3,650,654 related

  • Brian Laffey

    TREASURER, DIRECTOR

    Total calculated
    $793,842
    From this org
    $0
    From related orgs
    $661,081
    Other
    $132,761
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $398,760 related
    Bonus
    $0 + $253,500 related
    Other
    $0 + $8,821 related
    Deferred
    $0 + $119,800 related
    Nontaxable benefits
    $0 + $12,961 related
    Filer's total
    $0 + $793,842 related

  • Courtney Fong

    CEO, DIRECTOR

    Total calculated
    $505,942
    From this org
    $0
    From related orgs
    $485,943
    Other
    $19,999
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $343,976 related
    Bonus
    $0 + $140,200 related
    Other
    $0 + $1,767 related
    Deferred
    $0 + $7,038 related
    Nontaxable benefits
    $0 + $12,961 related
    Filer's total
    $0 + $505,942 related

  • Jean Liu

    SECRETARY, DIRECTOR

    Total calculated
    $359,765
    From this org
    $0
    From related orgs
    $335,268
    Other
    $24,497
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $207,308 related
    Bonus
    $0 + $115,550 related
    Other
    $0 + $12,410 related
    Deferred
    $0 + $11,536 related
    Nontaxable benefits
    $0 + $12,961 related
    Filer's total
    $0 + $359,765 related

  • Guy Mor

    SR. DIRECTOR PROGRAM DELIVERY

    Total calculated
    $208,560
    From this org
    $184,176
    From related orgs
    $0
    Other
    $24,384
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $112,042
    Bonus
    $71,333
    Other
    $801
    Deferred
    $11,423
    Nontaxable benefits
    $12,961
    Filer's total
    $208,560

  • Kathleen Brennan

    SR. DIRECTOR STUDENT AFFAIRS

    Total calculated
    $191,920
    From this org
    $170,631
    From related orgs
    $0
    Other
    $21,289
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $135,829
    Bonus
    $29,700
    Other
    $5,102
    Deferred
    $8,328
    Nontaxable benefits
    $12,961
    Filer's total
    $191,920

  • Colleen Komar

    DIRECTOR BILLING

    Total calculated
    $147,841
    From this org
    $127,217
    From related orgs
    $0
    Other
    $20,624
    Hours/week
    40

  • Lauren Pierce

    DIRECTOR ADMISSIONS

    Total calculated
    $156,003
    From this org
    $135,865
    From related orgs
    $0
    Other
    $20,138
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $115,302
    Bonus
    $20,070
    Other
    $493
    Deferred
    $7,177
    Nontaxable benefits
    $12,961
    Filer's total
    $156,003

  • Anthony Derosa

    DIRECTOR

    Total calculated
    $171,477
    From this org
    $152,734
    From related orgs
    $0
    Other
    $18,743
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $118,003
    Bonus
    $34,500
    Other
    $231
    Deferred
    $5,782
    Nontaxable benefits
    $12,961
    Filer's total
    $171,477

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

  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 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

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.

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
13 November 2024
IRS schema version
2023v5.1
Source object
202433199349300418

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