Utilization Technology Development Nfp
- Assets
- $8.4m
- Revenue
- $6.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Des Plaines, IL
- Founding
- 03/2006
- Data as of
- 03/2024
- EIN
- 20-0923687
Organization Overview
Utilization Technology Development Nfp is located in Des Plaines, IL. The organization was established in 2006. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Utilization Technology Development Nfp is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 03/2024, Utilization Technology Development Nfp generated $6.8m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $6.4m during the year ending 03/2024. While expenses have increased by 4.5% per year over the past 9 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
UTD FUNDS NEAR-TERM APPLIED RESEARCH, DEVELOPMENT, DEMONSTRATION, AND EDUCATION OF ENERGY EFFICIENT AND ENVIRONMENTALLY FRIENDLY END USE TECHNOLOGIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESEARCH, DEVELOPMENT, DEMONSTRATION, AND EDUCATION FOR TECHNOLOGY ADVANCES IN ENERGY UTILIZATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joann Wehle Chair/director | Trustee | 0.54 | $0 |
Christopher Cavanagh Director | Trustee | 0.44 | $0 |
Danny Bertotti Director | Trustee | 0.48 | $0 |
David Nestor Director | Trustee | 0.44 | $0 |
Dominic Popielski Director | Trustee | 0.48 | $0 |
Christopher Cej Director | Trustee | 0.15 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Gas Technology Institute Research And Development | 3/30/15 | $4,431,903 |
Cummins Westport Inc Research And Development | 3/30/15 | $108,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $6,111,128 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,111,128 |
| Total Program Service Revenue | $320,988 |
| Investment income | $384,366 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $6,816,482 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $573,715 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $16,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,746,059 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,139 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $34,225 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $7,700 |
| All other expenses | $0 |
| Total functional expenses | $6,380,688 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $454,081 |
| Savings and temporary cash investments | $7,656,400 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $310,000 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,420,481 |
| Accounts payable and accrued expenses | $1,064,584 |
| Grants payable | $0 |
| Deferred revenue | $2,431,599 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,496,183 |
| Net assets without donor restrictions | $4,924,298 |
| Net assets with donor restrictions | $0 |
| 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 | $8,420,481 |