University Of Massachusetts Lowell Applied Research Corporation
- Assets
- $10.9m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Lincoln, MA
- Founding
- Data as of
- 06/2023
- EIN
- 85-1934638
Organization Overview
University Of Massachusetts Lowell Applied Research Corporation is located in Lincoln, MA. According to its NTEE Classification (B05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. University Of Massachusetts Lowell Applied Research Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE RESEARCH AT THE UNIVERSITY OF MASSACHUSETTS LOWELL, ITS RESEARCH CENTERS, INSTITUTES AND ANY OTHER AFFIIATED ENTITIES, DIVISIONS OR SEGMENTS BY PROVIDING EFFICIENT AND EFFECTIVE APPLIED RESEACH AND DEVELOPMENT, CONTRACTING, GRANT, HUMAN RESOURCES, AND OTHER ADMINISTRATION SERVICES IN CONJUNCION WITH THE UNIVERSITY AND ITS RESEARCH PARTNERS AND TO PROVIDE SUPERIOR ANALYTIC AND TECHNOLOGY SOLUTIONS TO GOVERNMENT AND NON-GOVERNMENT CONSUMERS, THEREBY EXTENDING THE IMPACT OF THE UNIVERSITY TECHNOLOGY ENTERPRISE. THE CORPORATION IS FOCUSED ON, BUT NOT LIMITED TO, APPLIED RESEARCH AND DEVELOPMENT LINKING ITS CORE COMPETENCIES TO THE U.S. DEPARTMENT OF DEFENSE REQUIREMENTS PROVIDING RAPID AND INNOVATIVE SOLUTIONS FOR DEFENSE AND COMMERCIAL CONSUMERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTING RESEARCH AT THE UNIVERSITY OF LOWELL AND PROVIDING FACILITIES AND ADMINISTRATVE SERVICES TO OUR RESEARCH PARTNERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph Hartman Chairman | Trustee | 0 | $0 |
Mathew S Mcswain Director | Trustee | 0 | $0 |
Tim W Rudolph Director | Trustee | 0 | $0 |
Michael Kuhlman Director | Trustee | 0 | $0 |
Blaise Durante Director | Trustee | 0 | $0 |
Thomas S Hoole President | Officer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,341,697 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,185,014 |
| 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 | $2,526,711 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $2,526,711 |
| 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 | $0 |
| Fees for services: Legal | $0 |
| 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 | $720,809 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,164,561 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $107,265 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,992,635 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,077,918 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $226,223 |
| Accounts receivable, net | $347,576 |
| 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 | $21,651 |
| Net Land, buildings, and equipment | $745,788 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,518,588 |
| Total assets | $10,937,744 |
| Accounts payable and accrued expenses | $43,236 |
| Grants payable | $0 |
| Deferred revenue | $520,625 |
| 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 | $8,175,334 |
| Total liabilities | $8,739,195 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $2,198,549 |
| 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 | $10,937,744 |