Overview
What is Utec Hub Inc?
Utec Hub Inc is a nonprofit organization based in Lowell, Massachusetts, specifically at 15 Warren Street. Their primary mission is to own, develop, and lease certain real properties located at 15 Warren Street, 27 Prescott Street, and 40 Central Street. These properties are then leased to UTEC, Inc., an entity not provided in the information. The organization's activities revolve around the ownership and development of buildings, with the purpose of leasing these properties to UTEC Inc. While the specific programs or services offered by Utec Hub Inc are not specified, their involvement in real estate development suggests a potential focus on providing facilities for other organizations or community initiatives.
Official website here: www.utecinc.org
Is Utec Hub Inc legitimate?
Utec Hub Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Utec Hub Inc 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.utecinc.org
What is the mission statement of Utec Hub Inc?
Utec Hub Inc's primary mission is to acquire and develop buildings, specifically at 15 Warren Street, 27 Prescott Street, and 40 Central Street, with the intention of leasing these properties to Utec, Inc. The company's objective is to provide suitable spaces for Utec, Inc's operations. This real estate endeavor is a crucial part of supporting Utec, Inc's activities, though the specific nature of Utec, Inc's operations is not provided in the information given. Utec Hub Inc's role is primarily focused on property ownership, development, and leasing, serving as a key partner for Utec, Inc.
Official website here: www.utecinc.org
Who is the CEO of Utec Hub Inc?
Gregg Croteau is the President/Tr of Utec Hub Inc.
Official website here: www.utecinc.org
What is the revenue of Utec Hub Inc?
Utec Hub Inc's revenue in 2022 was $398,604.
Official website here: www.utecinc.org
Who are the executives of Utec Hub Inc and what are their salaries?
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $174,523
- Other: $7,078
Official website here: www.utecinc.org
Where can I find the form 990 for Utec Hub Inc?
Utec Hub Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.utecinc.org
Learn more at the official website: www.utecinc.org
Mission Statement of Utec Hub Inc
Utec Hub Inc, as a nonprofit entity, is dedicated to owning and developing buildings with the primary intent of leasing these properties to Utec, Inc. More specifically, Utec Hub Inc has a mission to oversee the development of three distinct buildings located in Lowell, Massachusetts: 15 Warren Street, 27 Prescott Street, and 40 Central Street. The purpose behind this mission is to provide Utec, Inc. with the necessary real estate to carry out its operations. This involvement in property ownership and development by Utec Hub Inc serves as a crucial foundation for Utec, Inc. to effectively fulfill its own mission and objectives.
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Impact
October, 2024
Utec Hub Inc plays a crucial role in fostering community development in Lowell, Massachusetts, by owning and developing key properties that are leased to UTEC, Inc. This initiative enhances the local infrastructure and supports the mission of UTEC, which focuses on empowering young people through education, job training, and life skills. By managing properties at 15 Warren Street, 27 Prescott Street, and 40 Central Street, Utec Hub Inc contributes to the vibrancy and growth of the region, creating spaces that facilitate meaningful programs and services. This strategic approach not only addresses immediate real estate needs but also drives long-term social impact by providing essential resources for youth development and community engagement.
This information is meant to be a general summary of Utec Hub Inc. 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 2022.
- Program Service Revenue: $398,604
- Gross Receipts: $398,604
Assets and Liabilities:
- Total Assets: $5,536,380
- Total Liabilities: $2,258,648
- Net Assets: $3,277,732
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$398,604
Organization Details
Founding Year
2015
Phone
(978) 441-9949Principal Officer
Gregg Croteau
Main Address
15 WARREN STREET NO 3, LOWELL, MA, 01852
Website
www.utecinc.orgNTEE Category
Code: T11 - Philanthropy
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