Lots of news making the rounds right now about John Murtha's earmarks. One familiar recipient is CTC (Concurrent Technologies Corporation). "Corporation" is a bit of a misnomer since CTC is a 501(c)(3) Public Charity.

Knowing something about non-profits I decided to do a little sleuthing.

First, some information on CTC itself:

• Ruling year: 1989
• Assets: $75,491,552
• Income: $243,960,365
• No. of employees: not available
• NTEE Code (categorization code for non-profits): U40 - Engineering and Technology Research

Next Officers, Directors, Trustees, and Key Employees: Fiscal Year Ending June 30, 2006

Name	Title	Compensation
Daniel R DeVos	Pres & CEO	$503,473
Edgar Berkey	VP & CQO	$472,535
John B Pursley, Jr	Exec VP	$411,576
Michael A Katz	Sr VP & COO	$357,864
Edward J Sheehan, Jr.	Sr VP & CFO	$346,540
Emil C Sarady	Vice Pres	$310,747
Frank W Cooper, Jr.	VP & CTO	$288,933
Jerry Hudson	Vice Pres.	$254,807
Linda Monzo	General Mgr	$227,111
Margaret A DiVirgilio	Gen Mgr & Treas	$225,851
George Appley	General Mgr	$220,705
Teri S Maguire	Corp Secretary	$78,671
Henry L Ellison	Board Member	$5,500
Conway B Jones, Jr	Board Member	$5,500
Albert L. Etheridge	Board Member	$4,500
Howard M Picking, III	Chairman	$4,500
E Jeanne Gleason	Board Member	$3,500
Lawrence J Rhoades	Board Member	$3,500
Mark E Pasquerilla	Board Member	$2,500
John N Crichton	Board Member	$2,000

Mission

Improvement of the nation's industrial competitiveness through the effective development and transfer of leading-edge technologies

Programs

Concurrent Technologies Corporation (CTC) is a national resource committed to assisting industry and government achieve world-class competitiveness CTC is an applied research and development professional services organization that provides management and technology-based solutions to a wide array of clients representing state and federal government as well as the private sector.

Can anyone interpret that for me?

Now, here's the kicker:

REVENUE
Contributions	$0
Government Grants	$212,739,257
Program Services	$31,098,761
Investments	$122,347
Special Events	$0
Sales	$0
Other	$0
Total Revenue	$243,960,365

EXPENSES
Program Services	$212,322,790
Administration	$25,845,645
Other	$1,054,730
Total Expenses	$239,223,165
Net Gain/Loss	$4,737,200

In short, you the taxpayer gave almost a quarter of a billion dollars to CTC, a non-profit entity, to fund massive salaries for an organization that has a fuzzy mission and now a fuzzier future thanks to Murtha.

Is there some back scratching going on as CBS alleges? Why yes.

• Daniel R DeVos - CEO, gave $1000 to Murtha 3/2/2007 and $1000 on 8/28/2007
• Edward Sheehan - CFO, gave $1000 to Murtha 3/9/2007 and $1300 10/26/2007
• Frank Cooper - VP, gave $1000 to Murtha 3/28/2007 and $200 8/30/2007
• DiVirgilio - Treasurer gave $1000 to the DCCC

The list goes on and on. More to come...

Labels: ctc, earmarks, murtha