Civic Intelligence

United States Tec Education Center Inc. Ustec

990 • Fiscal year 2016 • EIN 36-4791069

Jan 01, 2016 to Dec 31, 2016 • Filed on Jul 31, 2017

1375 Blossom Hill RoadSan Jose, CA 95118

(408) 677-4941

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

2nd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2016 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2016

Liabilities / Revenue

2nd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2016 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2016

Net Margin

98th percentile

80%

Higher net margin than 98% of similar nonprofits.

2016 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2016

Top Officer Pay

3rd percentile

$38,027

Higher top officer pay than 3% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2016 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2016

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2016

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2016

Assets

$87,410,332

No earlier filing loaded for comparison.

Net Assets

$87,410,332

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Revenue

$108,625,385

No earlier filing loaded for comparison.

Expenses

$21,215,053

No earlier filing loaded for comparison.

Net Income

$87,410,332

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$100M$50M$0Assets 2016: $87,410,332Liabilities 2016: $0Net Assets 2016: $87,410,3322016Assets 2017: $340,714Liabilities 2017: $147Net Assets 2017: $340,5672017Assets 2018: $104,847Net Assets 2018: $104,8472018

Highlighted filing

2016

Assets$87,410,332
Liabilities$0
Net Assets$87,410,332

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$150M$100M$50M$0-$50MRevenue 2016: $108,625,385Expenses 2016: $21,215,053Net Income 2016: $87,410,3322016Revenue 2017: $89,705Expenses 2017: $328,516Net Income 2017: -$238,8112017Revenue 2018: $20,370Expenses 2018: $256,090Net Income 2018: -$235,7202018

Highlighted filing

2016

Revenue$108,625,385
Expenses$21,215,053
Net Income$87,410,332
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Jul 31, 2017
Return Version
2016v3.0
Gross Receipts
$108,625,385
Mission and Program Overview

Mission

The USTEC is a California-based 501(c)(3) non-profit dedicated to increasing and diversifying the STEM pipeline by providing rapid workforce-based training and employment assistance to underserved communities.

USTEC supports current and returning veterans along with underserved communities. We are dedicated to increasing and diversifying the Science Technology Engineering and Mathematics (STEM) pipeline by providing rapid workforce-based training and employment placement for qualified trainees.

Balance Sheet Detail
LineBeginningEndChange
Assets
Intangible Assets-$87,406,926-
Cash and Non-Interest-Bearing Accounts-$1,796-
Land, Buildings, and Equipment, Net-$1,610-
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$0$87,410,332▲ $87,410,332
Other Assets Total-$0-
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets-$87,410,332-
Total Net Assets Fund Balance$0$87,410,332▲ $87,410,332
Total Liabilities and Net Assets / Fund Balance$0$87,410,332▲ $87,410,332

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$1,610$102$1,712
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
EMILY McGRATHExecutive DirectorFT$38,027$38,027

Board Members and Trustees

NameTitle
Stephen M SamuelPresident
Michael RichterDirector
Nathan IyerSecretary
Mark KellyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$108,625,385
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$108,625,385
Change in Net Assets
$87,410,332

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Intellectual Property1$108,505,150Selling Price
Total Noncash Contributions1$108,505,150-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$21,173,830
Salaries, Compensation, and Employee Benefits$41,223
Total Fundraising Expense$3,803
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$21,098,326--$21,098,326
Current Officers, Directors, Trustees, and Key Employees$22,816$11,408$3,803$38,027
Fees for Services Other$25,709$1,937-$27,646
Occupancy$24,109--$24,109
Office Expenses$5,782$3,356-$9,138
Travel$3,283--$3,283
Payroll Taxes$3,196--$3,196
Advertising$2,207--$2,207
All Other Expenses$120$1,188-$1,308
Other Expenses$2,140$1,134-$1,134
Insurance-$805-$805
Total Functional Expenses$21,187,688$23,562$3,803$21,215,053
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

No review was or will be conducted.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

Compensation for officers is reviewed and approved by board of directors.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

All public documents are made available upon request.

Filing and Contact Details

Filer

Filer Name
United States Technology Education
EIN
36-4791069
Phone
4086774941
Address
1375 BLOSSOM HILL ROAD, SAN JOSE, CA 95118

Signing Officer

Name
Stephen M Samuel
Title
President
Signed
2017-07-31
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Stephen M Samuel
Formed
2014
Legal Domicile
CA
Voting Board Members
1
Independent Board Members
1
Employees
1
Volunteers
2

Preparer

Firm
MHTB Accountancy Group of Silicon Valley
Address
1655 Willow St, San Jose, CA 95125
Preparer
Angelo Pezzoni CPA
Phone
4082664755
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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0ALL USTEC's BROCHURES AND OTHER PUBLICATIONS WITH COURSE OFFERINGS INCLUDE THE ORGANZATION'S NONDISCRIMINATION POLICY. THE POLICY IS ALSO PUBLISHED ON THE USTEC WEBSITE.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1USTEC DOES NOT REQUIRE STUDENTS, STAFF, OR FACULTY TO PROVIDE THEIR ETHNIC IDENTITY WHEN APPLYING FOR A POSITION.USTEC DOES NOT AWARD SCHOLARSHIPS OR OTHER FINANCIAL ASSISTANCE TO ITS STUDENT BODY.
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IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule E, Line 4 - Explanation of Records and Materials Not Maintained
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc2Schedule E, Line 5 - Explanation of Organization Discrimination by Race
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1COMPENSATION FOR OFFICERS IS REVIEWED AND APPROVED BY BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL PUBLIC DOCUMENTS ARE MADE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
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IRS990/TotalAssetsEOYAmt087410332
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IRS990/TotalContributionsAmt0108625385
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt03803
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt023562
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt021187688
IRS990/TotalFunctionalExpensesGrp/TotalAmt021215053
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt087410332
IRS990/TotalProgramServiceExpensesAmt021187688
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalReportableCompFromOrgAmt038027
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0108625385
IRS990/TotalVolunteersCnt02
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt087410332
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/ProgramServicesAmt03283
IRS990/TravelGrp/TotalAmt03283
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/EOYAmt087410332
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01375 BLOSSOM HILL RD
IRS990/USAddress/CityNm0SAN JOSE
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd095118
IRS990/VotingMembersGoverningBodyCnt01
IRS990/VotingMembersIndependentCnt01
IRS990/WebsiteAddressTxt0www.ustec.org
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0STEPHEN M SAMUEL
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-07-31
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0UNITED STATES TECHNOLOGY EDUCATION
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0CENTER
ReturnHeader/Filer/BusinessNameControlTxt0UNIT
ReturnHeader/Filer/EIN0364791069
ReturnHeader/Filer/PhoneNum04086774941
ReturnHeader/Filer/USAddress/AddressLine1Txt01375 BLOSSOM HILL ROAD
ReturnHeader/Filer/USAddress/CityNm0SAN JOSE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd095118
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MHTB Accountancy Group of Silicon Valley
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01655 Willow St
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0San Jose
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd095125
ReturnHeader/PreparerPersonGrp/PhoneNum04082664755
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Angelo Pezzoni CPA
ReturnHeader/ReturnTs02017-08-02T16:53:30-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

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