Cubrc will conduct independent research and development and systems integration to benefit the educational, industrial, technological and economic development of western new york and new york state by seeking research grants and contracts from federal, state and local governmental agencies, foundations and private companies.

501(c)(3) charity; gifts are tax-deductible.
91¢ of each $1 spent went to programs.
Run by 11 volunteers and 211 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $1.3M a year · 2% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
91%
of spending
Looks good: 91% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$6.4M
to officers and key staff · 11% of spending
Looks good: pay to officers and key staff is 11% of spending; 15% or less.
Pt VII · Sec A
1 mo
of spending, in cash
Fine: 1.1 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $927K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$32.5M
65% of total assets
Fine: liabilities are 65% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$57.0M
-5% vs prior year
Spent
$56.5M
To programs
91%
Net assets
$17.3M
By yearFY2020–FY2024
Revenue
$57.0M
FY2024▼ -5%
Tap a bar for its year
Revenue by fiscal year
FY2020$47.1M
FY2021$56.9M
FY2022$49.6M
FY2023$60.3M
FY2024$57.0M
Expenses
$56.5M
FY2024▼ -2%
Tap a bar for its year
Expenses by fiscal year
FY2020$46.3M
FY2021$54.8M
FY2022$49.1M
FY2023$57.6M
FY2024$56.5M
Net assets
$17.3M
FY2024▲ +3%
Tap a bar for its year
Net assets by fiscal year
FY2020$11.6M
FY2021$13.6M
FY2022$14.3M
FY2023$16.9M
FY2024$17.3M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Oct 1998.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

91 cents of each dollar spent went to programs.

Program services 91% · $51.6M Management & general 9% · $5.0M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

29 people listed on the 990; $6.4M paid to officers and key staff.

Part VII, Section A · reportable compensation
President & CEO, Chairman
$1,425,310Pt VII · Sec A
CFO, SR. VP Finance, Contracts, HR & Admin
$647,071Pt VII · Sec A
CIO, SR. VP Info. Exploitation
$506,324Pt VII · Sec A
VP Aerosciences/SR. Research Scientist
$421,232Pt VII · Sec A
Director of C4isr
$344,546Pt VII · Sec A
VP Chemical, Biological & Medical Sciences
$296,731Pt VII · Sec A
VP, IT, Security & Facilility Services
$289,130Pt VII · Sec A
SR. Principal Engineer/Scientist
$266,988Pt VII · Sec A

Thomas M McMahon’s $1.4M as President & CEO, Chairman is at the 99th percentile of top reported officer pay among 139 $10–100M science & technology nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Thomas M McMahon$1,425,310$1,136,960$1,412,234$1,083,906$1,015,514
Tracy E Gertz CPA$647,071$563,664$595,333$542,697$487,253
Michael D Moskal$506,324$472,714$490,918$448,761$439,468
Thomas Jasinski——$441,925$428,832$399,448
Timothy P Wadhams$421,232————
Tim Wadhams—$356,037$361,447$260,098$234,812
Christopher Barsalou$344,546————
Eric Barsalou—$315,251$283,628$274,018$255,780

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Drives regional development through independent research, technology integration, and seeking grants.

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3 programs · $51.6M · in their own filed words · FY2024
01

Scientific Research and Technical Services Object

Report results upon completion of GRANT/CONTRACT (aerospace and aeronautical research)

$24.1Mprogram expense
02

Scientific Research and Technical Services Object

Report results upon completion of GRANT/CONTRACT (information exploitation research)

$22.8Mprogram expense
03

Scientific Research and Technical Services Object

Report results upon completion of GRANT/CONTRACT (CHEMICAL/BIOLOGICAL/MEDICAL defense research)

$4.6Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$927K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$57.0M
Ln 12
Fees for servicesLn 2g$57.0M
Investment incomeLn 3$39K
Money outPt IX
$56.5M
Ln 25
Programscol B$51.6M
Managementcol C$5.0M
Owns and owesPt X
$17.3M
net assets · Ln 32
Cash and savingsLn 1–2$5.3M
Total assetsLn 16$49.8M
LiabilitiesLn 26$32.5M
PeoplePt VI, VII
29
listed · VII A
PaidVII A18
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$57.0M
Investment incomeLn 3$39K
Total revenueLn 12$57.0M
Assets in detailPt X, end of year
CashLn 1$5.3M
Cash and savings togetherLn 1–2$5.3M
InvestmentsLn 11–13$3.5M
Land, buildings, equipmentLn 10c$4.4M
Other assetsLn 15$21.2M
Total assetsLn 16$49.8M
LiabilitiesLn 26$32.5M
Net assetsLn 32$17.3M
OperationsPt I, VI
EmployeesI 5211
VolunteersI 611
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$5.3M$5.3M
InvestmentsLn 11–13$3.5M$3.5M
Land, buildings, equipmentLn 10c$3.3M$4.4M
Total assetsLn 16$47.7M$49.8M
LiabilitiesLn 26$30.8M$32.5M
Net assetsLn 32$16.9M$17.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$7.4M$4.7M$2.7M
Other salaries and wagesLn 7$18.2M$17.8M$494K
Pension plan contributionsLn 8$1.5M$1.5M$41K
Other employee benefitsLn 9$5.8M$5.6M$156K
Payroll taxesLn 10$1.7M$1.6M$128K
Legal feesLn 11b$20K$20K
Accounting feesLn 11c$64K$64K
Lobbying feesLn 11d$60K$60K
Other fees for servicesLn 11g$5.9M$5.9M$47K
Office expensesLn 13$207K$193K$14K
Information technologyLn 14$507K$472K$35K
OccupancyLn 16$1.2M$715K$446K
TravelLn 17$639K$638K$852
InterestLn 20$80K$49K$31K
Depreciation, depletion and amortizationLn 22$318K$196K$122K
InsuranceLn 23$298K$277K$21K
Other expenses (24a–d)Ln 24$10.2M$9.7M$522K
All other expensesLn 24e$2.4M$2.3M$118K
Total functional expensesLn 25$56.5M$51.6M$5.0M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $57.0M$56.5M$482K$17.3M 990 PDF
FY2023 $60.3M$57.6M$2.7M$16.9M 990 PDF
FY2022 $49.6M$49.1M$502K$14.3M 990 PDF
FY2021 $56.9M$54.8M$2.0M$13.6M 990 PDF
FY2020 $47.1M$46.3M$857K$11.6M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $57,021,409 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $60,204,496$56,982,091
I-10 Investment incomePrior year $50,739$39,318
I-11 Other revenuePrior year $6,094$0
I-12 Total revenuePrior year $60,261,329$57,021,409
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $30,931,723$34,590,161
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $26,678,687$21,949,179
I-18 Total expensesPrior year $57,610,410$56,539,340
I-19 Revenue less expensesPrior year $2,650,919$482,069
Part VI · Governance 11 of 11 board members independent, no flags
VI-1a Voting members of the governing body11
VI-1b Independent voting members11
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $57,021,409 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $56,720,601 · Unrelated business $261,490$56,982,091
VIII-3 Investment incomeExcluded from tax $39,318$39,318
VIII-12 Total revenueRelated to mission $56,720,601 · Unrelated business $261,490 · Excluded from tax $39,318$57,021,409
Part IX · Statement of functional expenses $56,539,340 across 18 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $4,695,423 · Management $2,666,426$7,361,849
IX-7 Other salaries and wagesPrograms $17,753,653 · Management $493,571$18,247,224
IX-8 Pension plan contributionsPrograms $1,461,560 · Management $40,633$1,502,193
IX-9 Other employee benefitsPrograms $5,617,632 · Management $156,176$5,773,808
IX-10 Payroll taxesPrograms $1,576,631 · Management $128,456$1,705,087
IX-11b Legal feesManagement $19,809$19,809
IX-11c Accounting feesManagement $64,440$64,440
IX-11d Lobbying feesManagement $60,494$60,494
IX-11g Other fees for servicesPrograms $5,894,392 · Management $47,188$5,941,580
IX-13 Office expensesPrograms $192,748 · Management $14,312$207,060
IX-14 Information technologyPrograms $472,382 · Management $35,076$507,458
IX-16 OccupancyPrograms $715,170 · Management $445,575$1,160,745
IX-17 TravelPrograms $637,857 · Management $852$638,709
IX-20 InterestPrograms $49,154 · Management $30,625$79,779
IX-22 Depreciation, depletion and amortizationPrograms $195,793 · Management $121,986$317,779
IX-23 InsurancePrograms $277,403 · Management $20,598$298,001
IX-24 Other expenses (24a–d)Programs $9,716,215 · Management $522,324$10,238,539
IX-24e All other expensesPrograms $2,296,501 · Management $118,285$2,414,786
IX-25 Total functional expensesPrograms $51,552,514 · Management $4,986,826 · Fundraising $0$56,539,340
Part X · Balance sheet $49,780,535 assets, 17 lines filed
X-1 Cash, non-interest-bearingStart of year $5,310,148$5,256,748
X-4 Accounts receivableStart of year $11,508,342$11,505,187
X-8 Inventories for sale or useStart of year $363,886$443,336
X-9 Prepaid expenses and deferred chargesStart of year $1,186,465$952,419
X-10c Land, buildings and equipment, netStart of year $3,308,535$4,355,276
X-12 Other securitiesStart of year $3,536,787$3,538,748
X-14 Intangible assetsStart of year $0$2,499,471
X-15 Other assetsStart of year $22,482,999$21,229,350
X-16 Total assetsStart of year $47,697,162$49,780,535
X-17 Accounts payable and accrued expensesStart of year $7,096,814$6,987,168
X-19 Deferred revenueStart of year $249,409$994,688
X-24 Unsecured notes and loans payable$2,098,315
X-25 Other liabilitiesStart of year $23,483,946$22,404,621
X-26 Total liabilitiesStart of year $30,830,169$32,484,792
X-27 Net assets without donor restrictionsStart of year $16,866,993$17,295,743
X-32 Total net assets or fund balancesStart of year $16,866,993$17,295,743
X-33 Total liabilities and net assetsStart of year $47,697,162$49,780,535
Part XI · Reconciliation of net assets $17,295,743 net assets at year end
XI-1 Total revenue$57,021,409
XI-2 Total expenses$56,539,340
XI-3 Revenue less expenses$482,069
XI-4 Net assets at start of year$16,866,993
XI-9 Other changes in net assets−$53,319
XI-10 Net assets at end of year$17,295,743

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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