Skip to content
Nonprofiteer
← UTEC HUB INC

Form 990 for tax year 2023

Filed by UTEC HUB INC.

Totals

Total revenue
$39,852
Total expenses
$60,980
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$39,852
Investment income
$0
Other revenue
$0
Total assets, end of year
$2,213,312
Total liabilities, end of year
$7,841
Net assets or fund balances, end of year
$2,205,471
Program services expenses (Part IX)
$60,980
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$60,980

Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: RENTAL INCOME

    total $39,852 · related or exempt $39,852

Functional expenses

Part IX, the statement of functional expenses.

  • 13 · Office expenses

    total $991 · program services $991

  • 16 · Occupancy

    total $16,151 · program services $16,151

  • 22 · Depreciation, depletion and amortization

    total $43,838 · program services $43,838

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $511,777 · end of year $534,965

  • 9 · Prepaid expenses and deferred charges

    end of year $390

  • 10a · Land, buildings and equipment: cost or other basis

    $2,064,635

  • 10b · Land, buildings and equipment: accumulated depreciation

    $390,467

  • 10c · Land, buildings and equipment, net

    beginning of year $1,714,406 · end of year $1,674,168

  • 15 · Other assets

    beginning of year $3,790 · end of year $3,789

  • 17 · Accounts payable and accrued expenses

    beginning of year $53 · end of year $707

  • 19 · Deferred revenue

    beginning of year $3,321 · end of year $3,321

  • 25 · Other liabilities

    end of year $3,813

  • 27 · Net assets without donor restrictions

    beginning of year $2,226,599 · end of year $2,205,471

Mission and programs · 2023

Mission

TO OWN AND DEVELOP THE BUILDING AT 40 CENTRAL STREET, 27 PRESCOTT STREET, AND 15 WARREN STREET, FOR THE PURPOSE OF LEASING SUCH PROPERTY TO UTEC, INC.

Activities or mission (Part I)

TO OWN AND DEVELOP BUILDINGS FOR THE PURPOSE OF LEASING SUCH PROPERTY TO UTEC, INC.

  • TO OWN, DEVELOP AND LEASE CERTAIN REAL PROPERTY LOCATED AT 15 WARREN STREET, 27 PRESCOTT STREET, AND 40 CENTRAL STREET ALL LOCATED IN LOWELL, MASSACHUSETTS.

    Expenses $60,980 · Revenue $39,852

As filed on the 2023 return.

Listed in Part VII

  • M SCOTT MELLEN

    PRESIDENT/TR

    Total calculated
    $0
    Hours/week
    1

  • GREGG CROTEAU

    CLERK

    Total calculated
    $191,961
    From this org
    $0
    From related orgs
    $184,860
    Other
    $7,101
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $184,860 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported + $7,101 related
    Filer's total
    not reported + $191,961 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
16 May 2025
IRS schema version
2023v6.0
Source object
202501369349301975

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.