2024-05-15T16:34:40-04:00 2023-06-30 042917204 ANSTISS & CO PC 6 OMNI WAY STE 201 CHELMSFORD MA 018244187 990 2022-07-01 473295619 UTEC HUB INC UTEC 9784419949 15 WARREN STREET NO 3 LOWELL MA 01852 GREGG CROTEAU CLERK 9784419949 2024-05-15 true GREGG CROTEAU 999009999 false BRENDAN E TOOLIN P01323447 9784522500 2024-05-15 2022 2023-04-26 12:10:37Z GREGG CROTEAU 15 WARREN STREET NO 3 LOWELL MA 01852 277009 false X WWW.UTECINC.ORG X 2015 MA TO OWN AND DEVELOP BUILDINGS FOR THE PURPOSE OF LEASING SUCH PROPERTY TO UTEC, INC. 2 1 0 0 0 398604 277009 0 0 398604 277009 0 0 0 0 0 442470 213044 442470 213044 -43866 63965 5536380 2229973 2258648 3374 3277732 2226599 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. false false 212975 277009 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. 212975 true false false false false false false false false false true false false false false true false true false false false false false false false false false false false true false false false false false false false false false false false false false true false false false true 2 0 true 0 false false false false false false false false false false false false X 2 1 false true false false false false false true true false false false true true true true true false false false MA X THE ORGANIZATION 9784419949 15 WARREN STREET NO 3 LOWELL MA 01852 M SCOTT MELLEN PRESIDENT/TR 1.00 X X 0 0 0 GREGG CROTEAU CLERK 1.00 39.00 X X 0 182086 853 182086 853 false true false RENTAL INCOME 531120 277009 277009 277009 277009 277009 986 917 69 88148 88148 123832 123832 MISCELLANEOUS 78 78 213044 212975 69 0 326494 511777 89763 1392 2061035 346629 5114941 1714406 3790 3790 5536380 2229973 6140 53 3321 2252508 2258648 3374 X 3277732 2226599 3277732 2226599 5536380 2229973 X 63965 -1115098 X false true X true false X X X 1 UTEC INC 383669532 10 true 0 0 1 0 true false false false false false false false false false false false false false false true false 343089 343089 1717946 346629 1371317 1714406 X SCHEDULE D, PAGE 3, PART X THE ORGANIZATION 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 CONSOLIDATED FINANCIAL STATEMENTS. ASC 740-10 "INCOME TAXES" REQUIRES THE ORGANIZATION TO EVALUATE AND DISCLOSE TAX POSITIONS THAT COULD HAVE AN EFFECT ON THE ORGANIZATIONS CONSOLIDATED FINANCIAL STATEMENTS. THE ORGANIZATION REPORTS ITS ACTIVITIES TO THE INTERNAL REVENUE SERVICE AND TO THE COMMONWEALTH OF MASSACHUSETTS ON AN ANNUAL BASIS. THESE INFORMATIONAL RETURNS ARE GENRALLY SUBJECT TO AUDIT AND REVIEW BY THE GOVERNMENTAL AGENCIES FOR A PERIOD OF THREE YEARS AFTER FILING. SUBSTANTIALLY ALL OF THE ORGANIZATIONS INCOME, EXPENDITURES, AND ACTIVITIES RELATE TO ITS EXEMPT PURPOSE, THEREFORE, MANAGEMENT HAS DETERMINED THAT THE ORGANIZATION IS NOT SUBJECT TO UNRELATED BUSINESS INCOME TAXES AND WILL CONTINUE TO QUALIFY AS TAX- EXEMPT NOT-FOR-PROFIT ENTITY. X false false false false false false false false false GREGG CROTEAU CLERK 182086 853 182939 FORM 990, PAGE 6, PART VI, LINE 3 UTEC, INC. (A RELATED ORGANIZATION) MAINTAINS THE BOOKS AND RECORDS OF THE ORGANIZATION AND PERFORMS OTHER RELATED MANAGERIAL AND ADMINISTRATIVE FUNCTIONS. FORM 990, PAGE 6, PART VI, LINE 11B FORM 990 IS REVIEWED BY UTEC HUB'S PRESIDENT 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 19 UTEC HUB'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST AT UTEC HUB'S OFFICE. FORM 990, PART XI, LINE 9 GAIN ON TAX CREDIT UNWINDING 2,550,000 NET ASSET TRANSFER TO UTEC, INC. -3,575,335 LOSS ON LEASE TERMINATION -89,763 TOTAL -1,115,098 UTEC INC 15 WARREN STREET NO 3 LOWELL MA 01852 383669532 YOUTH DEVE MA 501C3 12A NA false HURREN STREET INC 15 WARREN STREET NO 3 LOWELL MA 01852 273124251 RENTAL OF MA 501C3 12A UTEC INC false false false false false false false false false false true false false true false false false false true false UTEC INC R 3575335 FAIR MARKET VALUE