Overview
What is Concurrent Technologies Corporation?
Concurrent Technologies Corporation (CTC) is a Pennsylvania-based organization with a workforce of 420 employees. They are dedicated to providing research and development services, focusing on innovative technology and management solutions in the public interest. One of their significant projects is the Interboundary Secure Information Sharing (ISIS) Program, which aims to create a new cross domain system, the Next Generation Cross Domain Solution (NGCDS). This comprehensive system will consolidate the functionalities of various existing cross domain systems and integrate new technologies to secure enterprise and cloud computing environments. CTC also offers support for existing cross domain systems until their functionality is integrated into the NGCDS.
Official website here: www.ctc.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
Concurrent Technologies Corporation has achieved a high score of 96%, which reflects its strong performance in accountability and finance. The organization is recognized for maintaining a majority of independent board members, which enhances governance and decision-making processes. Their financial integrity is underscored by the absence of material diversion of assets and robust audit practices.
The organization excels in program expense efficiency, with an impressive program expense ratio of 86.23%, indicating that a significant portion of its resources is directed towards its mission rather than administrative costs. Additional strengths include comprehensive policies on conflict of interest and whistleblower protection, which contribute to a transparent operational framework.
While overall performance is commendable, ongoing monitoring and commitment to maintaining these high standards will be crucial for sustaining public trust and accountability. The favorable ratings suggest that Concurrent Technologies Corporation is effectively managing its resources to achieve its goals while adhering to best practices in nonprofit governance.
This AI summary has been generated from information found on Charity Navigator.
Is Concurrent Technologies Corporation legitimate?
Concurrent Technologies Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Concurrent Technologies Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $3,108,419
Professional Fundraising Fees: $0
Other Salaries and Wages: $35,425,218
For more financial information, click here
Official website here: www.ctc.com
What is the mission statement of Concurrent Technologies Corporation?
Concurrent Technologies Corporation (CTC) is dedicated to delivering scientific research and development services in the public interest, producing innovative technology and management solutions. Their primary focus lies in providing applied scientific research to create advanced capabilities for enterprise and cloud computing environments. Specifically, they are working on the Interboundary Secure Information Sharing (ISIS) Program, which aims to develop the Next Generation Cross Domain Solution (NGCDS). This system will consolidate the functionality of several existing cross domain systems and incorporate new cross domain technologies for comprehensive cross domain capabilities. CTC's scope of work encompasses development, testing, installation, training, and support for both new and existing cross domain systems and technologies.
Official website here: www.ctc.com
Who is the CEO of Concurrent Technologies Corporation?
Edward J Sheehan Jr is the CEO of Concurrent Technologies Corporation The CEO's salary of Concurrent Technologies Corporation is $617,297 and their total compensation is $642,550.
Official website here: www.ctc.com
What is the revenue of Concurrent Technologies Corporation?
Concurrent Technologies Corporation's revenue in 2024 was $102,986,993.
Official website here: www.ctc.com
Who are the executives of Concurrent Technologies Corporation and what are their salaries?
The average compensation at Concurrent Technologies Corporation during 2024 was $88,380. There are 436 employees at Concurrent Technologies Corporation.
Here are 22 key members and their salaries (Concurrent Technologies Corporation's CEO's salary is $617,297 and their total compensation is $642,550):
- Compensation: $617,297
- Related: $0
- Other: $25,253
- Compensation: $42,124
- Related: $0
- Other: $0
- Compensation: $32,722
- Related: $0
- Other: $0
- Compensation: $34,810
- Related: $0
- Other: $0
- Compensation: $32,513
- Related: $0
- Other: $0
- Compensation: $30,013
- Related: $0
- Other: $0
- Compensation: $32,513
- Related: $0
- Other: $0
- Compensation: $32,513
- Related: $0
- Other: $0
- Compensation: $30,013
- Related: $0
- Other: $0
- Compensation: $30,013
- Related: $0
- Other: $0
- Compensation: $493,337
- Related: $0
- Other: $25,118
- Compensation: $274,274
- Related: $0
- Other: $26,752
- Compensation: $294,748
- Related: $0
- Other: $14,163
- Compensation: $282,218
- Related: $0
- Other: $12,370
- Compensation: $136,588
- Related: $0
- Other: $10,824
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $144,297
- Related: $0
- Other: $11,514
- Compensation: $268,290
- Related: $0
- Other: $11,113
- Compensation: $250,874
- Related: $0
- Other: $9,544
- Compensation: $242,850
- Related: $0
- Other: $24,149
- Compensation: $224,410
- Related: $0
- Other: $28,368
- Compensation: $213,233
- Related: $0
- Other: $29,801
Official website here: www.ctc.com
Where can I find the form 990 for Concurrent Technologies Corporation?
Concurrent Technologies Corporation's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.ctc.com
Learn more at the official website: www.ctc.com
Mission Statement of Concurrent Technologies Corporation
Concurrent Technologies Corporation (CTC) is a research and development organization dedicated to creating innovative technology and management solutions in the public interest. They specialize in applied scientific research, developing cutting-edge technology to address various challenges. CTC's mission is to provide industry-leading services that consolidate the functionality of multiple existing systems and integrate new technologies, tailored for enterprise and cloud computing environments.
The corporation's most recent project, the Interboundary Secure Information Sharing (ISIS) Program, aims to develop the Next Generation Cross Domain Solution (NGCDS). This new system will incorporate advanced cross domain technologies, consolidating the functions of several existing cross domain systems. By doing so, CTC's NGCDS is designed to offer a comprehensive cross domain capability, ensuring robust security for diverse computing environments.
CTC's role in this project extends beyond just developing the new system. They are also providing ongoing support for existing cross domain systems until their functionality is absorbed into the NGCDS. Their efforts encompass development, modification, testing, assembly, delivery, installation, training, troubleshooting, and logistics support for both new and existing cross domain systems and technologies.
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Impact
October, 2024
Concurrent Technologies Corporation (CTC) plays a pivotal role in advancing technological capabilities, particularly through initiatives like the Interboundary Secure Information Sharing (ISIS) Program. This program focuses on the development of the Next Generation Cross Domain Solution (NGCDS), which aims to streamline and enhance the functionality of multiple existing cross domain systems.
By consolidating these systems and integrating cutting-edge technologies, CTC's efforts will enable more robust secure information sharing across enterprise and cloud computing environments. This capability is crucial for organizations that require safe and efficient data flow between differing security domains. In addition to developing new systems, CTC is committed to supporting existing cross domain technologies, ensuring continuity and reliability.
Through this comprehensive approach, CTC not only contributes to the immediate technological landscape but also fosters innovation and improves security protocols within various sectors. Their dedication to applied scientific research and development ultimately supports the public interest by providing advanced solutions that enhance operational efficiency and security.
This information is meant to be a general summary of Concurrent Technologies Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2024.
- Investment Income: $919,702
- Program Service Revenue: $6,994,683
- Gross Receipts: $106,224,427
Assets and Liabilities:
- Total Assets: $73,411,767
- Total Liabilities: $17,539,278
- Net Assets: $55,872,489
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Contract Revenues
Revenue
$6,994,683
Organization Details
Founding Year
1987
Principal Officer
Edward J Sheehan Jr
Website
www.ctc.comNTEE Category
Code: U400 - Science research
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