Capitol Technology University
- Assets
- $27.5m
- Revenue
- $16.8m
- Investments
- $8.5m
- Employees
- 290
- Location
- Laurel, MD
- Founding
- 02/1965
- Data as of
- 06/2021
- EIN
- 52-0805606
Organization Overview
Capitol Technology University is located in Laurel, MD. The organization was established in 1965. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 06/2021, Capitol Technology University employed 290 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Capitol Technology University 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, Capitol Technology University generated $16.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $15.1m during the year ending 06/2021. While expenses have increased by 0.9% per year over the past 6 years. They've been increasing with an increasing level of total revenue. 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
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.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE EDUCATIONAL OPPORTUNITIES TO STUDENTS AT THE UNIVERSITY LEVEL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Bradford Sims President | OfficerTrustee | 40 | $321,783 |
Dianne M O'neill SVP For Enrollment Management & Marketing | 40 | $169,950 | |
Kathleen Werner VP Finance & Administration | Officer | 40 | $115,141 |
Katy Dehart Term 1072020 Director, Human Resources & Risk Management | Officer | 40 | $80,504 |
Haden Land Chair | OfficerTrustee | 2 | $0 |
Vacant Vice Chair | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Allied Universal Campus Security | 6/29/20 | $172,551 |
Elliance Marketing And Webiste Design | 6/29/20 | $365,215 |
Allied Universal Campus Security | 6/29/20 | $172,551 |
Elliance Marketing And Webiste Design | 6/29/20 | $365,215 |
Allied Universal Campus Security | 6/29/20 | $172,551 |
Elliance Marketing And Webiste Design | 6/29/20 | $365,215 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,036,318 |
| All other contributions, gifts, grants, and similar amounts not included above | $199,773 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,236,091 |
| Total Program Service Revenue | $13,469,359 |
| Investment income | $41,951 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $26,334 |
| 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 | $16,836,672 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $4,377,534 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $541,754 |
| Compensation of current officers, directors, key employees. | $131,036 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,330,066 |
| Pension plan accruals and contributions | $156,017 |
| Other employee benefits | $300,201 |
| Payroll taxes | $447,226 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,102 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $242,085 |
| Office expenses | $644,411 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $671,260 |
| Travel | $41,274 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $194,844 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $659,480 |
| Insurance | $157,046 |
| All other expenses | $594,005 |
| Total functional expenses | $15,095,733 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,964,512 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $554,971 |
| Accounts receivable, net | $977,745 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $125,314 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $416,049 |
| Net Land, buildings, and equipment | $11,025,684 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $8,504,204 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,929,772 |
| Total assets | $27,498,251 |
| Accounts payable and accrued expenses | $1,020,184 |
| Grants payable | $182,744 |
| Deferred revenue | $401,803 |
| 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 | $5,564,795 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $7,169,526 |
| Net assets without donor restrictions | $14,416,121 |
| Net assets with donor restrictions | $5,912,604 |
| 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 | $27,498,251 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Capitol Technology University has recieved totaling $2,000.
| Awarding Organization | Amount |
|---|---|
Elvoid Lakes Iii Foundation Uppr Marlboro, MD PURPOSE: SCHOLARSHIP | $2,000 |
Endowment Analysis
| Beg. Balance | $4,784,573 |
| Earnings | $1,289,872 |
| Net Contributions | $7,600 |
| Other Expense | $190,462 |
| Ending Balance | $5,891,583 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Trinity College Washington, DC | $125,397,773 | $50,706,155 |
West Virginia Wesleyan College Buckhannon, WV | $129,913,530 | $51,877,916 |
Thiel College Greenville, PA | $97,550,860 | $47,464,141 |
Wesley College Inc Dover, DE | $23,971,685 | $24,133,723 |
Alderson Broaddus College Inc Philippi, WV | $59,737,963 | $38,055,721 |
Academy Of The New Church Bryn Athyn, PA | $413,557,048 | $53,821,193 |
Bethany College Bethany, WV | $94,153,233 | $39,768,123 |
Wilson College Chambersburg, PA | $116,652,606 | $41,060,333 |
Randolph College Lynchburg, VA | $300,877,810 | $43,744,013 |
Harcum College Bryn Mawr, PA | $30,870,966 | $36,107,752 |
Washington Adventist University Inc Takoma Park, MD | $57,611,513 | $36,340,942 |
Davis & Elkins College Elkins, WV | $113,637,613 | $52,569,179 |