Civic Intelligence

Utec Inc.

990 • Fiscal year 2022 • EIN 38-3669532

Jul 01, 2021 to Jun 30, 2022 • Filed on May 14, 2023

15 Warren Street No 3Lowell, MA 01852

(978) 441-9949

Siviq Scores

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

Liabilities / Assets

58th percentile

0.25x

Higher debt load relative to assets than 58% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Liabilities / Revenue

62nd percentile

0.37x

Higher debt load relative to revenue than 62% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Net Margin

81st percentile

32%

Higher net margin than 81% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Top Officer Pay

52nd percentile

$181,601

Higher top officer pay than 52% of similar nonprofits.

Top officer pay equals 1.1% of source-year revenue.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Asset Growth

80th percentile

19%

Faster asset growth than 80% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Revenue Growth

61st percentile

10%

Faster revenue growth than 61% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Assets

Up

$24,012,756

Up $3,878,947 (+19%) from 2021

Net Assets

Up

$18,064,091

Up $3,422,592 (+23%) from 2021

Liabilities

Up

$5,948,665

Up $456,355 (+8.3%) from 2021

Revenue

Up

$16,132,892

Up $1,528,362 (+10%) from 2021

Expenses

Up

$10,972,630

Up $2,409,201 (+28%) from 2021

Net Income

Down

$5,160,262

Down $880,839 (-15%) from 2021

Historical Trend

Balance Sheet Trend

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

$60M$40M$20M$0Assets 2010: $3,258,307Liabilities 2010: $591,348Net Assets 2010: $2,666,9592010Assets 2011: $3,618,756Liabilities 2011: $708,812Net Assets 2011: $2,909,9442011Assets 2012: $9,485,791Liabilities 2012: $2,737,952Net Assets 2012: $6,747,8392012Assets 2013: $9,431,350Liabilities 2013: $1,757,337Net Assets 2013: $7,674,0132013Assets 2014: $12,089,496Liabilities 2014: $3,703,758Net Assets 2014: $8,385,7382014Assets 2015: $13,431,976Liabilities 2015: $6,040,029Net Assets 2015: $7,391,9472015Assets 2016: $13,734,022Liabilities 2016: $6,254,374Net Assets 2016: $7,479,6482016Assets 2017: $14,843,213Liabilities 2017: $5,518,963Net Assets 2017: $9,324,2502017Assets 2018: $16,069,657Liabilities 2018: $5,869,172Net Assets 2018: $10,200,4852018Assets 2019: $9,398,963Liabilities 2019: $4,090,476Net Assets 2019: $5,308,4872019Assets 2020: $14,227,288Liabilities 2020: $5,626,890Net Assets 2020: $8,600,3982020Assets 2021: $20,133,809Liabilities 2021: $5,492,310Net Assets 2021: $14,641,4992021Assets 2022: $24,012,756Liabilities 2022: $5,948,665Net Assets 2022: $18,064,0912022Assets 2023: $38,527,902Liabilities 2023: $9,083,036Net Assets 2023: $29,444,8662023Assets 2024: $40,649,052Liabilities 2024: $8,294,964Net Assets 2024: $32,354,0882024

Highlighted filing

2022

Assets$24,012,756
Liabilities$5,948,665
Net Assets$18,064,091

Operations Trend

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

$20M$15M$10M$5.0M$0-$5.0MExpenses 2010: $1,621,1652010Expenses 2011: $1,937,2932011Expenses 2012: $2,113,2522012Revenue 2013: $4,060,350Expenses 2013: $3,066,930Net Income 2013: $993,4202013Revenue 2014: $4,508,066Expenses 2014: $3,829,121Net Income 2014: $678,9452014Revenue 2015: $3,456,860Expenses 2015: $4,458,309Net Income 2015: -$1,001,4492015Revenue 2016: $5,077,773Expenses 2016: $4,991,188Net Income 2016: $86,5852016Revenue 2017: $6,648,651Expenses 2017: $5,715,669Net Income 2017: $932,9822017Revenue 2018: $7,068,202Expenses 2018: $6,191,967Net Income 2018: $876,2352018Revenue 2019: $8,233,519Expenses 2019: $6,825,639Net Income 2019: $1,407,8802019Revenue 2020: $10,752,194Expenses 2020: $7,460,283Net Income 2020: $3,291,9112020Revenue 2021: $14,604,530Expenses 2021: $8,563,429Net Income 2021: $6,041,1012021Revenue 2022: $16,132,892Expenses 2022: $10,972,630Net Income 2022: $5,160,2622022Revenue 2023: $17,303,734Expenses 2023: $12,763,895Net Income 2023: $4,539,8392023Revenue 2024: $18,126,341Expenses 2024: $15,217,119Net Income 2024: $2,909,2222024

Highlighted filing

2022

Revenue$16,132,892
Expenses$10,972,630
Net Income$5,160,262
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
May 14, 2023
Return Version
2021v4.0
Gross Receipts
$16,457,570
Mission and Program Overview

Mission

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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$12,003,434$14,120,475▲ $2,117,041
Accounts Receivable$1,653,240$2,846,421▲ $1,193,181
Other Notes and Loans Receivable, Net$4,286,670$2,550,000▼ $1,736,670
Land, Buildings, and Equipment, Net$1,415,697$2,354,872▲ $939,175
Pledges and Grants Receivable$582,483$1,846,960▲ $1,264,477
Prepaid Expenses and Deferred Charges$99,719$272,203▲ $172,484
Total Assets$20,133,809$24,012,756▲ $3,878,947
Other Assets Total$92,566$21,825▼ $70,741
Liabilities
Mortgage Notes Payable Secured by Investment Property$3,118,733$3,048,862▼ $69,871
Deferred Revenue$1,660,832$2,271,393▲ $610,561
Accounts Payable and Accrued Expenses$712,745$628,309▼ $84,436
Other Liabilities-$101-
Total Liabilities$5,492,310$5,948,665▲ $456,355
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$12,034,447$14,893,755▲ $2,859,308
Net Assets With Donor Restrictions$2,607,052$3,170,336▲ $563,284
Total Net Assets Fund Balance$14,641,499$18,064,091▲ $3,422,592
Total Liabilities and Net Assets / Fund Balance$20,133,809$24,012,756▲ $3,878,947

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$564,364$469,311$1,033,675
Buildings$786,409$13,591$800,000
Other Land Buildings$397,004$257,666$654,670
Leasehold Improvements$607,095$38,029$645,124
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Gregg CroteauCEOFT$174,523$7,078$181,601
Terri SteingrebeCFOFT$136,183$12,674$148,857
Anita MoellerChief of StaFT$127,868-$127,868
Nichelle SadlerTraining C4eFT$103,303$5,830$109,133

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Brad MurrayIt Consulting-$185,000
Revenue and Support

Revenue Composition

Contributions and Grants
$14,801,932
Program Service Revenue
$1,306,661
Investment Income
$132,985
Other Revenue
$-108,686
All Other Contributions
$6,756,354
Change in Net Assets
$5,160,262

Audited Revenue Reconciliation

Revenue per Audited Statements
$16,132,892
Revenue Not Reported on Form 990
$133,670
Total Revenue per Audited Statements
$16,266,562
Total Revenue per Form 990
$16,132,892
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$6,016,049
Other Expenses$4,956,581
Total Fundraising Expense$749,740
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,723,417$685,749$373,159$4,782,325
Fees for Services Other$58,292$753,815$186,286$998,393
Occupancy$771,125$105,489$43,043$919,657
Payroll Taxes$371,576$68,914$35,238$475,728
Other Employee Benefits$316,784$62,947$27,807$407,538
Current Officers, Directors, Trustees, and Key Employees$115,266$224,043$11,149$350,458
All Other Expenses$178,750$85,440$33,139$297,329
Depreciation Depletion$119,417$53,268-$172,685
Other Expenses$38,109$107,288$107$145,504
Interest$97,751$18,478$14,730$130,959
Office Expenses$75,110$29,983$5,722$110,815
Insurance$49,085$12,111$5,308$66,504
Travel$56,711$1,550-$58,261
Information Technology$32,573$11,743$1,537$45,853
Conferences and Meetings$26,529$16,000-$42,529
Fees for Services Legal-$21,600-$21,600
Advertising$278$594$796$1,668
Total Functional Expenses$7,747,663$2,475,227$749,740$10,972,630

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$11,106,300
Expenses per Audited Statements$10,972,630
Total Expenses per Form 990$10,972,630
Expenses Not Reported on Form 990$133,670
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
Yes
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Rent$101
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

Form 990 is reviewed by utec's, executive director, board finance committee, coo, and chief financial officer prior to filing.

Form 990, Page 6, Part VI, Line 12C

Any potential conflicts of interest which are brought to the attention of the board of directors are discussed and resolved by the other members of the board of directors.

Form 990, Page 6, Part VI, Line 15A

The executive committee reviews and evaluates the executive director's performance based on mutually agreed upon goals and priorities. The compensation is determined by the results of the evaluation, the fiscal position of the agency, and comparable pay for similar positions at similar agencies. There are no other officers or key employees who receive compensation for services provided as a member of the board of directors.

Form 990, Page 6, Part VI, Line 19

Utec's governing documents, conflict of interest policy and financial statements are available upon request at utec's office.

Filing and Contact Details

Filer

Filer Name
Utec Inc
EIN
38-3669532
Phone
9784419949
Address
15 WARREN STREET NO 3, LOWELL, MA 01852

Signing Officer

Name
Gregg Croteau
Title
CEO
Phone
9784419949
Signed
2023-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Gregg Croteau
Formed
2002
Legal Domicile
Ma
Voting Board Members
12
Independent Board Members
11
Employees
190
Volunteers
12

Preparer

Firm
Anstiss & Co Pc
Address
6 OMNI WAY SUITE 201, CHELMSFORD, MA 01824-4141
Preparer
Brendan E Toolin
Phone
9784522500
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

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.

Form 990, Part XI, Line 9

Loss on tax credit unwinding -1,737,670

Financial Statement Notes

Schedule D, Page 3, Part X

Utec has been granted tax-exempt status under internal revenue code section 501(c)(3) and is, therefore, generally exempt from federal and state income taxes. Accordingly, no provision for income taxes has been provided for in the accompanying financial statements. Asc 740-10, "income taxes" requires utec to evaluate and disclose tax positions that could have an effect on utec's financial statements. Utec reports its activities to the internal revenue service and to the commonwealth of massachusetts on an annual basis. These informational returns are generally subject to audit and review by the governmental agencies for a period of three years after filing. Substantially all of utec's income, expenditures and activities relate to its exempt purpose, therefore, management has determined that utec is not subject to material unrelated business income taxes and will continue to qualify as a tax- exempt not-for-profit entity.

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IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt12CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt13CHIEF OF STA
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IRS990/MissionDesc0TO 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.
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IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0316784
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IRS990/OtherExpensesGrp/FundraisingAmt13436
IRS990/OtherExpensesGrp/FundraisingAmt2107
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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1146406
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IRS990/OtherRevenueMiscGrp/Desc1OTHER EARNED REVENUE
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IRS990/PayrollTaxesGrp/FundraisingAmt035238
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt068914
IRS990/PayrollTaxesGrp/ProgramServicesAmt0371576
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IRS990/ProgramServiceRevenueGrp/Desc0MATTRESS RECYCLING
IRS990/ProgramServiceRevenueGrp/Desc1CATERING AND FOOD
IRS990/ProgramServiceRevenueGrp/Desc2CHILD CARE
IRS990/ProgramServiceRevenueGrp/Desc3COMMERCIAL KITCHEN
IRS990/ProgramServiceRevenueGrp/Desc4WOODWORKING
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1582356
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt255712
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt348480
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt348480
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt410252
IRS990/ProgSrvcAccomActy2Grp/Desc0EDUCATION - 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.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0897655
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt055712
IRS990/ProgSrvcAccomActy3Grp/Desc0STREETWORKER - 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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IRS990/ProgSrvcAccomActyOtherGrp/Desc0COMMERCIAL 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.
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$40.6$8.29$32.4$18.1$15.2$2.91
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$38.5$9.08$29.4$17.3$12.8$4.54
2022Detailed filing. Detailed filing data is available for this year.$24.0$5.95$18.1$16.1$11.0$5.16
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$20.1$5.49$14.6$14.6$8.56$6.04
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.2$5.63$8.60$10.8$7.46$3.29
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.40$4.09$5.31$8.23$6.83$1.41
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$16.1$5.87$10.2$7.07$6.19$0.88
2017Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$14.8$5.52$9.32$6.65$5.72$0.93
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$13.7$6.25$7.48$5.08$4.99$0.09
2015Summary only. Only limited summary data is available for this year.$13.4$6.04$7.39$3.46$4.46$1.00
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$12.1$3.70$8.39$4.51$3.83$0.68
2013Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$9.43$1.76$7.67$4.06$3.07$0.99
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.49$2.74$6.75$2.11
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.62$0.71$2.91$1.94
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.26$0.59$2.67$1.62
Peer Organizations

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