Utec Hub INC

Claim this org

(tell your story, add context, and more) Claim it free, then get the verified mark for $100 a year.

How does your 990 look to donors? Take the 10-Question Audit

To own and develop the buildings at 40 Central Street, 27 Prescott Street, and 22 Hurd Street for the purpose of leasing such properties to UTEC, Inc.

Form 990 Part I, line 1, FY2025. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 47-3295619) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
IRS e-file · Filing history
Surplus or deficit
1 of 6
filings with a surplus
Average deficit $49K a year · 19% of revenue · last 6 filings
A surplus in 1 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
100%
of spending
100% of spending went to programs.
Pt IX · Ln 25 · col B
100.9 mo
of spending, in cash
100.9 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$17K
0.8% of total assets
Liabilities are 0.8% of assets.
Pt X · Ln 26
Independent board members
1
of 2 voting members
1 of 2 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$40K
+1% vs prior year
Spent
$67K
To programs
100%
Net assets
$2.2M
By yearFY2020–FY2025
Revenue
$40K
FY2025▲ +1%
Tap a bar for its year
Revenue by fiscal year
FY2020$397K
FY2021$399K
FY2022$399K
FY2023$277K
FY2024$40K
FY2025$40K
Expenses
$67K
FY2025▲ +10%
Tap a bar for its year
Expenses by fiscal year
FY2020$457K
FY2021$606K
FY2022$442K
FY2023$213K
FY2024$61K
FY2025$67K
Net assets
$2.2M
FY2025▼ -1%
Tap a bar for its year
Net assets by fiscal year
FY2020−$178K
FY2021−$385K
FY2022$3.3M
FY2023$2.2M
FY2024$2.2M
FY2025$2.2M

From the FY2025 Form 990 (year ending June 2025) · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jan 2016.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $67K

Form 990 Part IX, line 25. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

2 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
President/Treasurer
$0Pt VII · Sec A
See Utec Hub INC executive salaries →

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 15aNo

Programs and updates

Develops and leases buildings to UTEC, Inc.

Questions for Utec Hub INC

Tap to ask. Utec Hub INC sees how many people are interested.

Your first name shows with your question. Utec Hub INC answers here, for everyone.

1 program · $67K · in their own filed words · FY2024
01

To own, develop and lease real property for the purpose of leasing such property to or developing such property for the supported organizations, all in furtherance of charitable purpose within the meaning of section 501(c)(3). The properties are located at 40 Central Street, 27 Prescott Street, and 22 Hurd Street in Lowell, Massachusetts.

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 47-3295619) · Dispute this line
$67Kprogram expense

Funders

Who pays for it.

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

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$40K
Ln 12
Fees for servicesLn 2g$40K
Money outPt IX
$67K
Ln 25
Programscol B$67K
Owns and owesPt X
$2.2M
net assets · Ln 32
Cash and savingsLn 1–2$562K
Total assetsLn 16$2.2M
LiabilitiesLn 26$17K
PeoplePt VI, VII
2
listed · VII A
PaidVII A0
Voting boardVI 1a2
IndependentVI 1b1
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$40K
Total revenueLn 12$40K
Assets in detailPt X, end of year
CashLn 1$562K
Cash and savings togetherLn 1–2$562K
Land, buildings, equipmentLn 10c$1.6M
Other assetsLn 15$4K
Total assetsLn 16$2.2M
LiabilitiesLn 26$17K
Net assetsLn 32$2.2M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderJune
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 FY25End FY25
Cash and savingsLn 1–2$535K$562K
Land, buildings, equipmentLn 10c$1.7M$1.6M
Total assetsLn 16$2.2M$2.2M
LiabilitiesLn 26$8K$17K
Net assetsLn 32$2.2M$2.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Office expensesLn 13$1K$1K
OccupancyLn 16$22K$22K
Depreciation, depletion and amortizationLn 22$44K$44K
Total functional expensesLn 25$67K$67K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest ViewingFiled with the IRS May 15, 2026 $40K$67K−$27K$2.2M 990 PDF
FY2024Filed with the IRS May 16, 2025 $40K$61K−$21K$2.2M 990 PDF
FY2023Filed with the IRS May 15, 2024 $277K$213K$64K$2.2M 990 PDF
FY2022Filed with the IRS May 15, 2023 $399K$442K−$44K$3.3M 990 PDF
FY2021Filed with the IRS May 13, 2022 $399K$606K−$207K−$385K 990 PDF
FY2020Filed with the IRS May 17, 2021 $397K$457K−$60K−$178K 990 PDF

Schedules filed Part IV

A · Public support D · Assets and endowments J · Pay O · Explanations R · Related orgs
See the full FY2025 990
Part I · Summary $40,251 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $39,852$40,251
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $39,852$40,251
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 $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $60,980$66,834
I-18 Total expensesPrior year $60,980$66,834
I-19 Revenue less expensesPrior year −$21,128−$26,583
Part VI · Governance 1 of 2 board members independent, 1 to look at
VI-1a Voting members of the governing body2
VI-1b Independent voting members1
VI-15a Process for setting top official's payNo
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
Part VIII · Statement of revenue $40,251 across 2 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $40,251$40,251
VIII-12 Total revenueRelated to mission $40,251 · Unrelated business $0 · Excluded from tax $0$40,251
Part IX · Statement of functional expenses $66,834 across 3 lines filed
IX-13 Office expensesPrograms $1,292$1,292
IX-16 OccupancyPrograms $21,908$21,908
IX-22 Depreciation, depletion and amortizationPrograms $43,634$43,634
IX-25 Total functional expensesPrograms $66,834 · Management $0 · Fundraising $0$66,834
Part X · Balance sheet $2,196,312 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $534,965$561,988
X-10c Land, buildings and equipment, netStart of year $1,674,168$1,630,534
X-15 Other assetsStart of year $3,789$3,790
X-16 Total assetsStart of year $2,213,312$2,196,312
X-17 Accounts payable and accrued expensesStart of year $707$1,950
X-25 Other liabilitiesStart of year $3,813$15,474
X-26 Total liabilitiesStart of year $7,841$17,424
X-27 Net assets without donor restrictionsStart of year $2,205,471$2,178,888
X-32 Total net assets or fund balancesStart of year $2,205,471$2,178,888
X-33 Total liabilities and net assetsStart of year $2,213,312$2,196,312
Part XI · Reconciliation of net assets $2,178,888 net assets at year end
XI-1 Total revenue$40,251
XI-2 Total expenses$66,834
XI-3 Revenue less expenses−$26,583
XI-4 Net assets at start of year$2,205,471
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,178,888

Form 990 e-file FY2025 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

The names, titles, and financial information shown on this page are reproduced from IRS Form 990 filings, which are public records. More

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown. A filing can only be corrected by the organization filing an amended return with the IRS; the corrected information appears here at our next update.

We publish only information contained in the public IRS filing, and less than the filing contains. Our pages do not display home addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, contact the filing organization or the IRS directly.

All figures come from public IRS Form 990 filings. Comparisons are computed from the filing against similar orgs. They are not a rating.