International Technological University Foundation

Nonprofit profile at a glance

EIN
942955205
IRS 990 coverage
2010–2023
Forms available
Form 990 2023
Location
Santa Clara, CA, USA
Phone
8336370866
Rating
59
Verdict
MIXED
Rating confidence
Moderate
Sector
University or Technological Institute

Reported finances

Revenue
$5,934,362
Expenses
$2,705,577
Assets
$7,971,393
Liabilities
$2,393,007

Source: IRS Form 990. Selected filing: tax year 2023. Amounts in USD.

Leadership & pay

7 people listed

Executive titles in this filing

  • YAUGENE CHAN (President & CEO)

Highest reported compensation

  • MAMOUN ABUSAMAHA (CTO): $146,000 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Itu pioneers a modern, industryfocused educational model to deliver education globally.itu's educational pedagogy cultivates innovative thinking, ethical leadership, and an ntrepreneurial spirit through practical, industry relevant curriculum that reflects silicon valley's culture. Itu closes the employment skills gap and empowers people to lead successful, enriching lives as meaningful contributors to the global community.

What it reported doing in 2023

Itu provides graduate degree programs at the master's level (ms) in computer science, software/computer engineering (se/ce), electrical engineering (ee), digital arts, digital media management, information & cyber security, and engineering management. Itu also offers a master's of business administration (mba) with concentrations in area of business analytics, healthcare management, and general mba. The university offers doctor of philosophy programs in electrical engineering and in interdisciplinary sciences. In addition, itu offers a doctoral program in business administration.

Operating model

Revenue model
Earned-program. 97% of the money available for current operations came from fees and other program revenue.
Distribution model
Hybrid. The nonprofit split its reported program spending across 49% for direct work, and 51% for grants.

The verdict

MIXED - The filed numbers largely add up and revenue comfortably covers expenses. A relatively small share of available resources goes toward mission work and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 40
  • Transparency & Controls: 93
  • Accountability: 58
  • Sustainability: 76
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 30.6%; rating input score 31
  • Program expense ratio: 68.9%; rating input score 69
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 0 of 8 controls in place; rating input score 0
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Fail
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 54.4%; rating input score 94; 94th percentile among comparable filings
  • Total-asset coverage ratio: 2.95; rating input score 74; 74th percentile among comparable filings
  • Liabilities to assets ratio: 0.3; rating input score 35; 35th percentile among comparable filings
  • Officer compensation ratio: 5.4%; rating input score 49; 49th percentile among comparable filings

Growth

  • Program expense growth: -14.2% per year; rating input score 0; 2nd percentile among comparable filings
  • Revenue growth: -5.4% per year; rating input score 0; 4th percentile among comparable filings
  • Asset growth: -6.1% per year; rating input score 0; 3rd percentile among comparable filings

Details

  • Where the money goes: 30.6% of revenue deployed · 68.9% of spending went to programs
  • Governance: 6 of 6 board members independent · 0 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $1.9M in reported program spending
  • Leadership: top reported pay $146K · 7 people listed
  • Consistency: 19 of 19 current checks pass
  • Schedules: 5 filed schedules · includes grants
  • Filing history: 14 filing years from 2010 to 2023
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • Moderate — Financial Efficiency: Mission deployment rate scored 31/100.
  • High — Accountability: Governance controls: 7 of 7 not reported.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Growth: Asset growth scored 0/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 35/100.
  • Moderate — Sustainability: Officer compensation ratio scored 49/100.
  • High — Grant Readiness: California registration: this organization is not authorized to operate as a charity in California.