Concurrent Technologies Corporation
- Assets
- $70.7m
- Revenue
- $70.2m
- Investments
- $0.0
- Employees
- 396
- Location
- Johnstown, PA
- Founding
- 04/1989
- Data as of
- 06/2021
- EIN
- 25-1556708
Organization Overview
Concurrent Technologies Corporation is located in Johnstown, PA. The organization was established in 1989. According to its NTEE Classification (U40) the organization is classified as: Engineering & Technology, under the broad grouping of Science & Technology and related organizations. As of 06/2022, Concurrent Technologies Corporation employed 396 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Concurrent Technologies Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Concurrent Technologies Corporation generated $70.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.6%) each year. All expenses for the organization totaled $68.5m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (8.0%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE INTERBOUNDARY SECURE INFORMATION SHARING (ISIS) PROGRAM WILL DEVELOP A NEW CROSS DOMAIN SYSTEM, THE NEXT GENERATION CROSS DOMAIN SOLUTION (NGCDS), THAT WILL CONSOLIDATE THE FUNCTIONALITY OF SEVERAL EXISTING CROSS DOMAIN SYSTEMS AND INCORPORATE NEW CROSS DOMAIN TECHNOLOGIES TO PROVIDE A COMPREHENSIVE CROSS DOMAIN CAPABILITY FOR ENTERPRISE AND CLOUD COMPUTING ENVIRONMENTS. THE ISIS PROGRAM WILL ALSO PROVIDE SUPPORT FOR A NUMBER OF EXISTING CROSS DOMAIN SYSTEMS UNTIL SUCH TIME AS THE FUNCTIONALITY OF THOSE SYSTEMS IS INCORPORATED INTO THE NGCDS. THE SCOPE OF THIS EFFORT SHALL INCLUDE DEVELOPMENT, MODIFICATION, TESTING, ASSEMBLY, DELIVERY, INSTALLATION, TRAINING, TROUBLESHOOTING SUPPORT, AND LOGISTICS SUPPORT FOR EXISTING AND NEW CROSS DOMAIN SYSTEMS AND EXISTING AND NEW CROSS DOMAIN TECHNOLOGIES.
CTC PROVIDE OPERATIONS AND SUSTAINMENT, TECHNICAL MANAGEMENT, AND ANALYTICAL SUPPORT TO MISHAP, RISK, HEALTH AND RESILIENCE, AND DRUG DEMAND REDUCTION EDUCATION AND TRAINING, IMPLEMENTATION, DATA COLLECTION AND ANALYSIS, REPORTING, MAINTENANCE, AND, ASSESSMENT FOR THE UNDER SECRETARY OF DEFENSE FOR PERSONNEL AND READINESS, USD (P&R), PERSONNEL RISK AND RESILIENCY. THIS EFFORT INCLUDES THE DATA COLLECTION AND REPORTING OF ACTIONABLE DATA THAT IS USED TO SUPPORT DECISION AND RISK ANALYSIS, MANAGEMENT, AND RESOURCE ALLOCATION, IDENTIFICATION AND IMPLEMENTATION OF TARGETED MITIGATIONS TO REDUCE RISKS INHERENT IN DAILY OPERATIONS, AND REDUCTION OF UNEXPECTED AND UNINTENTIONAL NEGATIVE CONSEQUENCES THAT ERODE READINESS/OPERATIONAL CAPACITY. THIS EFFORT ALSO INCLUDES THE SETUP, OPERATION AND MAINTENANCE, ENGINEERING, INTEGRATION, IMPLEMENTATION, TESTING, SYSTEM DOCUMENTATION, AND TRAINING OF THE FR2 TOOL, RELATED ENTERPRISE INFORMATION AND DATA PROJECTS, AND OTHER MITIGATIONS FOCUSED ON SUPPORTING THE SECRETARY'S MISHAP REDUCTION PROGRAM. IN ADDITION, OTHER IT TOOLS ARE USED TO COLLECT AND TRACK INFORMATION TO SUPPORT DOD INSTALLATION'S PROGRESS TOWARDS ACHIEVING AN ACCEPTABLE SAFETY MANAGEMENT SYSTEM, AS THIS EFFORT ALSO INVOLVES THE OPERATION OF THE SAFETY MANAGEMENT CENTER OF EXCELLENCE (SMCX).
THE PURPOSE OF THIS CONTRACT IS TO SUPPORT THE MARINE CORPS' EFFORTS TO MEET ENERGY RELIABILITY AND RESILIENCE REQUIREMENTS. CONTRACTOR SERVICES ARE REQUIRED TO SUPPORT DIFFERENT SECTIONS (I.E. HEADQUARTERS MARINE CORPS, REGIONS, AND INSTALLATIONS) OF THE MARINE CORPS, WHICH POSSESS THEIR OWN CHALLENGES IN ADDRESSING THE MARINE CORPS' OBJECTIVES SUCH AS UNIQUE UTILITY DISTRIBUTION SYSTEMS AND VARIOUS ENERGY SECURITY POSITIONS.COMPONENTS OF THIS CONTRACT SHALL INCLUDE: (A) PROVIDING INSTALLATION RESILIENCE METRICS; (B) EVALUATING UNCLASSIFIED ENERGY SECURITY ASSESSMENTS (ESA) REPORTS; (C) COLLECTING, STORING, AND ANALYZING ENERGY DATA; (D) PROVIDING WRITTEN RECOMMENDATIONS OF SUGGESTED INFRASTRUCTURE UPGRADES; (E) PROVIDING REGULAR ANALYSES OF THE UTILITY BILLS AND RATES; (F) ASSISTING IN DEVELOPMENT OF ENERGY PROJECTS TO ADDRESS GAPS NOTED IN THE ESA REPORTS; (G) ASSISTING IN CONDUCTING BUILDING LEVEL ENERGY AUDITS; (H) PROVIDING INFORMATION ON STEPS THAT WILL IMPROVE ENERGY EFFICIENCY; AND (I) PROVIDING TECHNICAL SUPPORT TO FACILITATE THE ENERGY SECURITY STRATEGY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edward J Sheehan Jr Board Member/president/ceo | OfficerTrustee | 40 | $623,159 |
George W Appley Executive Vice Pres/coo | Officer | 40 | $440,662 |
Randy A Weaver Executive Director | 40 | $243,989 | |
Robert W Kubler Executive Director | 40 | $242,725 | |
Timothy S Tibbits Executive Director | 40 | $228,173 | |
Kevin Pudliner Gm Program Lead | 40 | $213,697 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Risk Mitigation Consulting Inc Information Technology Services | 6/29/22 | $1,752,143 |
Nteligen Llc Information Technology Services | 6/29/22 | $2,520,734 |
Sain Engineering Energy Consulting And Engineering Svcs | 6/29/22 | $3,837,797 |
Hii Mission Drive Innovative Solutions Engineering & Technical Services | 6/29/22 | $2,159,319 |
Owl Cyber Defense Data Diode & Cross-domain Network Cybers | 6/29/22 | $1,246,578 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $65,157,781 |
| Investment income | $382,839 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $104,176 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $70,225,854 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,631,827 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $27,722,072 |
| Pension plan accruals and contributions | $1,129,220 |
| Other employee benefits | $6,328,189 |
| Payroll taxes | $2,458,990 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $95,977 |
| Fees for services: Accounting | $162,895 |
| Fees for services: Lobbying | $223,436 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $67,778 |
| Fees for services: Other | $19,599,961 |
| Advertising and promotion | $150,115 |
| Office expenses | $2,076,471 |
| Information technology | $2,408,621 |
| Royalties | $0 |
| Occupancy | $946,660 |
| Travel | $293,895 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $97,363 |
| Interest | $62,637 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $931,589 |
| Insurance | $393,836 |
| All other expenses | $0 |
| Total functional expenses | $68,533,453 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $50,539 |
| Savings and temporary cash investments | $4,854,028 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $15,178,245 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,382,764 |
| Investments—publicly traded securities | $18,695,962 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $20,444,726 |
| Total assets | $70,686,577 |
| Accounts payable and accrued expenses | $9,744,955 |
| Grants payable | $0 |
| Deferred revenue | $1,945,897 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $164,912 |
| Unsecured mortgages and notes payable | $6,953,353 |
| Other liabilities | $598,544 |
| Total liabilities | $19,407,661 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $51,278,916 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Concurrent Technologies Corporation has recieved totaling $705,081.
| Awarding Organization | Amount |
|---|---|
Northeastern University Boston, MA PURPOSE: SUB-AWARD | $684,796 |
Johns Hopkins University Baltimore, MD PURPOSE: SUB-AWARD | $20,285 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Society For Testing And Materials West Conshohocken, PA | $507,262,217 | $135,712,233 |
Concurrent Technologies Corporation Johnstown, PA | $70,686,577 | $70,225,854 |
National Center For Defense Manufacturing And Machining Johnstown, PA | $25,200,761 | $55,952,153 |
Innovation Works Inc Pittsburgh, PA | $31,593,952 | $8,003,735 |
Catalyst Connection Pittsburgh, PA | $7,094,242 | $7,162,522 |
Military Health Research Foundation Inc Laurel, MD | $1,886,799 | $4,739,548 |
Ny Creates Albany, NY | $99,965 | $4,450,000 |
Mpc Corporation Pittsburgh, PA | $1,237,035 | $2,979,911 |
Western New York Technology Development Center Inc Buffalo, NY | $1,286,247 | $2,858,472 |
American Conference Of Governmental Industrial Hygienists Inc Sharonville, OH | $1,119,864 | $2,375,200 |
The Asme Foundation Inc New York, NY | $33,818,246 | $3,028,197 |
Hudson Valley Technology Development Center Inc Newburgh, NY | $824,479 | $1,255,790 |