Utec Inc
- Assets
- $24.0m
- Revenue
- $16.1m
- Investments
- $0.0
- Employees
- 190
- Location
- Lowell, MA
- Founding
- 09/2003
- Data as of
- 06/2022
- EIN
- 38-3669532
Organization Overview
Utec Inc is located in Lowell, MA. The organization was established in 2003. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. As of 06/2022, Utec Inc employed 190 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Utec Inc 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 06/2022, Utec Inc generated $16.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 18.0% each year . All expenses for the organization totaled $11.0m during the year ending 06/2022. While expenses have increased by 11.9% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO IGNITE AND NURTURE THE AMBITION OF OUR MOST DISCONNECTED YOUTH TO TRADE VIOLENCE AND POVERTY FOR SOCIAL AND ECONOMIC SUCCESS IN BOTH LOWELL AND LAWRENCE, MA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WORKFORCE DEVELOPMENT - PROVIDES YOUTH MOST IN NEED THE OPPORTUNITY TO GAIN VALUABLE JOB SKILLS AND REAL EARNINGS TO HELP THEM PURSUE POSITIVE LIFE CHOICES.
COMMERCIAL KITCHEN: CAFE UTEC PROVIDES YOUTH MOST IN NEED THE OPPORTUNITY TO GAIN VALUABLE JOB SKILLS AND REAL EARNINGS TO HELP THEM PURSUE POSITIVE LIFE CHOICES. EXPENSES 805,503. INCLUDING GRANTS OF 0. REVENUE 389,663. MATTRESS - THROUGH THIS PROGRAM, YOUTH PICK UP, DECONSTRUCT AND RECYCLE MATTRESSES FROM ACROSS NORTHERN NEW ENGLAND, LEARNING VALUABLE WORKPLACE SKILLS. EXPENSES 789,373. INCLUDING GRANTS OF 0. REVENUE 609,861. ORGANIZING - ORGANIZING PROMOTES CIVIC ENGAGEMENT ON LOCAL AND STATE LEVELS THROUGH COMMUNITY ORGANIZING AND POLITICAL ACTION. EXPENSES 519,629. INCLUDING GRANTS OF 0. REVENUE 0. TRAINSITIONAL COACHING - CREATES A SERVICE PLAN TO ADDRESS ALL OF A YOUTH'S NEEDS, INCLUDING BUT NOT LIMITED TO ACCESS TO BASIC SERVICES, EDUCATONS, EMPLOYMENT, FAMILY LIFE AND HOUSING. EXPENSES 640,614. INCLUDING GRANTS OF 0. REVENUE 0. WOODWORKING - UTEC YOUNG ADULTS CREATE PROFESSIONAL QUALITY WOOD PRODUCTS FOR USE IN HOMES AND BUSINESSES. EXPENSES 350,410. INCLUDING GRANTS OF 0. REVENUE 64,591. OTHER PROGRAMS EXPENSES 1,511,042. INCLUDING GRANTS OF 0. REVENUE 0.
EDUCATION - PREPARE YOUNG PEOPLE TO TAKE THE MULTI-PART GED TEST TO EARN A HIGH SCHOOL EQUIVALENCY CREDENTIAL. IT ALSO PILOTED A DUAL ENROLLMENT PROGRAM SO THAT YOUNG PEOPLE CAN EARN COLLEGE CREDITS FOR WORK COMPLETED WITH UTEC.
STREETWORKER - TO ENGAGE AND SUPPORT YOUNG PEOPLE WHO ARE MOST OFTEN OVERLOOKED: INTENTIONAL STREET-BASED OUTREACH, CRISIS INTERVENTION, REFERRALS TO COMMUNITY RESOURCES, AND GANG PEACEMAKING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott M Mellen Chair | OfficerTrustee | 5 | $0 |
Sandyha S Douglas CFA Vice Chair | OfficerTrustee | 5 | $0 |
Jonathan M Kelly Treasurer | OfficerTrustee | 5 | $0 |
Tim Nichols Secretary | OfficerTrustee | 5 | $0 |
Brandon Colon Director | Trustee | 3 | $0 |
Juancarlos Rivera Aviles Director | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $8,045,578 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,756,354 |
| Noncash contributions included in lines 1a–1f | $13,834 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,801,932 |
| Total Program Service Revenue | $1,306,661 |
| Investment income | $133,210 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$225 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$186,834 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $16,132,892 |
| 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. | $350,458 |
| Compensation of current officers, directors, key employees. | $224,043 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,782,325 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $407,538 |
| Payroll taxes | $475,728 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $21,600 |
| 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 | $998,393 |
| Advertising and promotion | $1,668 |
| Office expenses | $110,815 |
| Information technology | $45,853 |
| Royalties | $0 |
| Occupancy | $919,657 |
| Travel | $58,261 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $42,529 |
| Interest | $130,959 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $172,685 |
| Insurance | $66,504 |
| All other expenses | $297,329 |
| Total functional expenses | $10,972,630 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,120,475 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,846,960 |
| Accounts receivable, net | $2,846,421 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,550,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $272,203 |
| Net Land, buildings, and equipment | $2,354,872 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $21,825 |
| Total assets | $24,012,756 |
| Accounts payable and accrued expenses | $628,309 |
| Grants payable | $0 |
| Deferred revenue | $2,271,393 |
| 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 | $3,048,862 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $101 |
| Total liabilities | $5,948,665 |
| Net assets without donor restrictions | $14,893,755 |
| Net assets with donor restrictions | $3,170,336 |
| 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 | $24,012,756 |