TY 2024 Form 990

(A)
Name and title

(B)
Average hours per week (list any hours for related organizations below dotted line)

(D)
Reportable compensation from the organization (W-2/1099-MISC/1099-NEC)

(E)
Reportable compensation from related organizations (W-2/1099-MISC/1099-NEC)

(F)
Estimated amount of other compensation from the organization and related organizations

(1) JOHN MITCHELL......................................................................
PRESIDENT

0.50
.................
40.00

(2) GREG MAXWELL......................................................................
DIRECTOR

0.50
.................
0.50

(3) KEVIN SWEENEY......................................................................
DIRECTOR

0.50
.................

(A)
Name and title

(B)
Average hours per week (list any hours for related organizations below dotted line)

(D)
Reportable compensation from the organization (W-2/1099-MISC/1099-NEC)

(E)
Reportable compensation from related organizations (W-2/1099-MISC/1099-NEC)

(F)
Estimated amount of other compensation from the organization and related organizations

(A)
Name and business address

(B)
Description of services

THE LUCRUM GROUP

227 WILTSHIRE LANE
SEVERNA PARK,MD21146

CONSULTING

267,180

Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 of compensation from the organization 1

	(a) Donor advised funds	(b) Funds and other accounts
1	Total number at end of year .........
2	Aggregate value of contributions to (during year)
3	Aggregate value of grants from (during year)
4	Aggregate value at end of year ........


a	Total number of conservation easements ......................	2a
b	Total acreage restricted by conservation easements ....................	2b
c	Number of conservation easements on a certified historic structure included in (a) .....	2c
d	Number of conservation easements included in (c) acquired after July 25, 2006, and not on a historic structure listed in the National Register ...	2d


b	If "Yes," explain the arrangement in Part XIII and complete the following table:		Amount
c	Beginning balance .............................	1c
d	Additions during the year ............................	1d
e	Distributions during the year ..........................	1e
f	Ending balance ................................	1f

(a) Description	(b) Book value
(1)ACCRUED PASS-THROUGH COSTS	15,750
(2)ACCRUED REVENUE	6,250
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 15.)...........	22,000

Part XI Reconciliation of Revenue per Audited Financial Statements With Revenue per Return. Complete if the organization answered 'Yes' on Form 990, Part IV, line 12a.
1	Total revenue, gains, and other support per audited financial statements .......	1
2	Amounts included on line 1 but not on Form 990, Part VIII, line 12:
a	Net unrealized gains (losses) on investments ....	2a
b	Donated services and use of facilities .........	2b
c	Recoveries of prior year grants ...........	2c
d	Other (Describe in Part XIII.) ...........	2d
e	Add lines 2a through 2d .....................	2e
3	Subtract line 2e from line 1..................	3
4	Amounts included on Form 990, Part VIII, line 12, but not on line 1:
a	Investment expenses not included on Form 990, Part VIII, line 7b .	4a
b	Other (Describe in Part XIII.) ...........	4b
c	Add lines 4a and 4b....................	4c
5	Total revenue. Add lines 3 and 4c. (This must equal Form 990, Part I, line 12.) ......	5

Part XII Reconciliation of Expenses per Audited Financial Statements With Expenses per Return. Complete if the organization answered 'Yes' on Form 990, Part IV, line 12a.
1	Total expenses and losses per audited financial statements ...........	1
2	Amounts included on line 1 but not on Form 990, Part IX, line 25:
a	Donated services and use of facilities .........	2a
b	Prior year adjustments ............	2b
c	Other losses ................	2c
d	Other (Describe in Part XIII.) ...........	2d
e	Add lines 2a through 2d....................	2e
3	Subtract line 2e from line 1...................	3
4	Amounts included on Form 990, Part IX, line 25, but not on line 1:
a	Investment expenses not included on Form 990, Part VIII, line 7b ..	4a
b	Other (Describe in Part XIII.) ...........	4b
c	Add lines 4a and 4b.....................	4c
5	Total expenses. Add lines 3 and 4c. (This must equal Form 990, Part I, line 18.) ......	5

- TIN:

SCHEDULE O
(Form 990)
(Rev. January 2025)
Department of the Treasury
Internal Revenue Service

Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047

Open to Public
Inspection

Name of the organization

US PARTNERSHIP FOR ASSURED ELECTRONICS

Employer identification number

84-4855738

Return Reference	Explanation
FORM 990, PART III, LINE 2	DEFENSE BUSINESS ACCELERATOR (DBX) IS A DOD PROGRAM THAT LEVERAGES COMMERCIAL MARKET FORCES TO ACCELERATE THE TRANSITION OF EMERGING DEFENSE TECHNOLOGIES INTO SUSTAINABLE BUSINESSES TO FILL SUPPLY CHAIN GAPS.
FORM 990, PART VI, SECTION B, LINE 11B	AVAILABLE UPON REQUEST
FORM 990, PART VI, SECTION C, LINE 19	ALL DOCUMENTS AVAILABLE UPON REQUEST
FORM 990, PART IX, LINE 11G	CONSULTING SERVICES: PROGRAM SERVICE EXPENSES 4,403. MANAGEMENT AND GENERAL EXPENSES 20,461. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 24,864. CONTRACT LABOR: PROGRAM SERVICE EXPENSES 163,430. MANAGEMENT AND GENERAL EXPENSES 281,106. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 444,536. GENERAL EXPENSES: PROGRAM SERVICE EXPENSES 33,015. MANAGEMENT AND GENERAL EXPENSES 12,034. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 45,049. HSA CONTRIBUTION: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 2,454. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,454. MEMBERSHIP DUES: PROGRAM SERVICE EXPENSES 503. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 503. OFFICE SUPPLIES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 244. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 244. PAYROLL PROCESSING: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 2,796. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,796. TRAVEL: PROGRAM SERVICE EXPENSES 3,558. MANAGEMENT AND GENERAL EXPENSES 42,726. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 46,284. WEBSITE EXPENSES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 10,800. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 10,800. DUES AND SUBSCRIPTIONS: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 985. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 985. 401K CONTRIBUTIONS: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 16,575. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 16,575. POSTAGE & SHIPPING: PROGRAM SERVICE EXPENSES 377. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 377. EMPLOYEE EXPENSE: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 243. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 243. CONSORTIUM AND OPERATIONS: PROGRAM SERVICE EXPENSES 7,157. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 7,157. 50% MEAL: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 57. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 57. TELEPHONE: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 276. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 276. UTILITIES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 250. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 250.
FORM 990, PART XI, LINE 9:	NON-DEDUCTIBLE MEALS -58.

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.

Cat. No. 51056K

Schedule O (Form 990) (Rev. 1-2025)

Additional Data

Software ID:
Software Version:

1	Briefly describe the organization’s mission or most significant activities: THE US PARTNERSHIP FOR ASSURED ELECTRONICS (USPAE) IS IN BUSINESS TO PROVIDE THE US GOVERNMENT WITH A TRUSTWORTHY ELECTRONICS SUPPLY CHAIN IN CONJUCTION WITH ITS MEMBERS. THIS SUPPLY CHAIN AIMS TO HOLISTICALLY MEET THE NEEDS OF THE GOVERNMENT AND PERFORMS FUNCTIONS SUCH AS R&D, MANUFACTURING, AND ASSEMBLY OF ADVANCED ELECTRONICS.
2	Check this box
3	Number of voting members of the governing body (Part VI, line 1a) ........	3	3
4	Number of independent voting members of the governing body (Part VI, line 1b) .....	4	0
5	Total number of individuals employed in calendar year 2024 (Part V, line 2a) ......	5	2
6	Total number of volunteers (estimate if necessary) .............	6	0
7a	Total unrelated business revenue from Part VIII, column (C), line 12 ........	7a	0
b	Net unrelated business taxable income from Form 990-T, Part I, line 11 .........	7b	0

		Prior Year	Current Year
8	Contributions and grants (Part VIII, line 1h) .........	0	0
9	Program service revenue (Part VIII, line 2g) .........	183,282	491,767
10	Investment income (Part VIII, column (A), lines 3, 4, and 7d ) ....	0	0
11	Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e)	381,400	377,108
12	Total revenue—add lines 8 through 11 (must equal Part VIII, column (A), line 12)	564,682	868,875
13	Grants and similar amounts paid (Part IX, column (A), lines 1–3 )...	0	0
14	Benefits paid to or for members (Part IX, column (A), line 4).....	0	0
15	Salaries, other compensation, employee benefits (Part IX, column (A), lines 5–10)	264,125	250,163
16a	Professional fundraising fees (Part IX, column (A), line 11e) .....	0	0
b	Total fundraising expenses (Part IX, column (D), line 25) 0
17	Other expenses (Part IX, column (A), lines 11a–11d, 11f–24e)....	816,096	1,046,550
18	Total expenses. Add lines 13–17 (must equal Part IX, column (A), line 25)	1,080,221	1,296,713
19	Revenue less expenses. Subtract line 18 from line 12.......	-515,539	-427,838
		Beginning of Current Year	End of Year
20	Total assets (Part X, line 16).............	538,224	160,819
21	Total liabilities (Part X, line 26).............	1,483,991	1,534,481
22	Net assets or fund balances. Subtract line 21 from line 20.....	-945,767	-1,373,662

Sign Here

	Signature of officer	Date

	Type or print name and title


4a	(Code: ) (Expenses $ 169,645 including grants of $ 197,250 ) (Revenue $ 192,000 )
	DEFENSE BUSINESS ACCELERATOR (DBX) IS A DOD PROGRAM THAT LEVERAGES COMMERCIAL MARKET FORCES TO ACCELERATE THE TRANSITION OF EMERGING DEFENSE TECHNOLOGIES INTO SUSTAINABLE BUSINESSES TO FILL SUPPLY CHAIN GAPS.

4b	(Code: ) (Expenses $ 36,048 including grants of $ ) (Revenue $ 27,516 )
	MEMBERSHIP IS A COMBINATION OF OUR ANNUAL MEMBERSHIP DUES FROM ALL CONSORTIUM MEMBERS AND FEES COLLECTED FROM OUR ANNUAL MEMBERSHIP MEETING ATTENDEES.

4c	(Code: ) (Expenses $ 73,468 including grants of $ ) (Revenue $ 75,000 )
	DARPA HARDEN IS A DOD PROGRAM AWARDED TO UNIVERSITY OF ILLINOIS URBANA-CHAMPAGNE FOR WHICH USPAE WAS THE PRIMARY SUBCONTRACTOR. SCOPE THAT USPAE AND ITS SUBCONTRACTORS COMPLETED INCLUDED A DETAILED STUDY IN THE DESIGN AND MANUFACTURE OF A PAD BASED COMMERCIAL TABLET UTILIZED BY DOD FOR MISSION SUPPORT. THIS STUDY WAS PRIMARY FOCUSED TO UNDERSTAND POTENTIAL RISK AND VULNERABILITIES AS RESULT OF COMPONENT SUPPLY FROM AND MANUFACTURING LOCATED IN GEOPOLITICAL ADVERSARY COUNTRIES.

	(Code: ) (Expenses $ 7,157 including grants of $ ) (Revenue $ 0 )
	DEC MANAGEMENT WAS PART OF THE 2021 INITIAL GOVERNMENT FUNDING TO CREATE THE DEFENSE ELECTRONICS CONSORTIUM PUBLIC-PRIVATE PARTNERSHIP AND MAINTAIN IT THROUGH 2023.

4d	Other program services (Describe in Schedule O.)
	(Expenses $ 7,157 including grants of $ ) (Revenue $ 0 )
4e	Total program service expenses286,318

1b	Sub-Total..............
c	Total from continuation sheets to Part VII, Section A..
d	Total (add lines 1b and 1c).........	0	0	0

1a	Federated campaigns..	1a
b	Membership dues..	1b
c	Fundraising events..	1c
d	Related organizations	1d
e	Government grants (contributions)	1e

f	All other contributions, gifts, grants, and similar amounts not included above	1f

g	Noncash contributions included in lines 1a - 1f:$	1g

h Total. Add lines 1a-1f.......

		Business Code
2a	DBX	541700	389,250	389,250
b	DARPA HARDEN	541700	75,000	75,000
c	MEMBERSHIP DUES	541700	27,517	27,517
d
e
f	All other program service revenue.
g	Total. Add lines 2a–2f .....		491,767

3 Investment income (including dividends, interest, and othersimilar amounts) ......
4 Income from investment of tax-exempt bond proceeds
5 Royalties...........
			(i) Real	(ii) Personal
6a	Gross rents	6a
b	Less: rental expenses	6b
c	Rental income or (loss)	6c
d	Net rental income or (loss).......
			(i) Securities	(ii) Other
7a	Gross amount from sales of assets other than inventory	7a
b	Less: cost or other basis and sales expenses	7b
c	Gain or (loss)	7c
d	Net gain or (loss).........
8a	Gross income from fundraising events (not including $ of contributions reported on line 1c). See Part IV, line 18 ....
			8a
b	Less: direct expenses ...		8b
c	Net income or (loss) from fundraising events..
9a	Gross income from gaming activities. See Part IV, line 19 ...
			9a
b	Less: direct expenses ...		9b
c	Net income or (loss) from gaming activities..
10a	Gross sales of inventory, less returns and allowances ..
			10a
b	Less: cost of goods sold ..		10b
c	Net income or (loss) from sales of inventory..

Business Code
11a	PCB MARKET		561499	377,000	377,000
b	OTHER MISC.		561499	108	108
c
d	All other revenue ....
e	Total. Add lines 11a–11d ......			377,108
12	Total revenue. See instructions.....			868,875	377,108	0	491,767

1	Grants and other assistance to domestic organizations and domestic governments. See Part IV, line 21 ....
2	Grants and other assistance to domestic individuals. See Part IV, line 22 ...........
3	Grants and other assistance to foreign organizations, foreign governments, and foreign individuals. See Part IV, lines 15 and 16. .............
4	Benefits paid to or for members .......
5	Compensation of current officers, directors, trustees, and key employees ...........
6	Compensation not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B) .........
7	Other salaries and wages........	232,230		232,230
8	Pension plan accruals and contributions (include section 401(k) and 403(b) employer contributions) ....
9	Other employee benefits .......
10	Payroll taxes ...........	17,933		17,933
11	Fees for services (non-employees):
a	Management ......
b	Legal .........	9,657		9,657
c	Accounting ...........	9,823		9,823
d	Lobbying ...........
e	Professional fundraising services. See Part IV, line 17
f	Investment management fees ......
g	Other (If line 11g amount exceeds 10% of line 25, column (A) amount, list line 11g expenses on Schedule O)	603,450	212,443	391,007
12	Advertising and promotion ....	1,094		1,094
13	Office expenses .......
14	Information technology ......
15	Royalties ..
16	Occupancy ...........
17	Travel ............
18	Payments of travel or entertainment expenses for any federal, state, or local public officials .
19	Conferences, conventions, and meetings ....
20	Interest ...........
21	Payments to affiliates .......
22	Depreciation, depletion, and amortization ..	42		42
23	Insurance ...
24	Other expenses. Itemize expenses not covered above (List miscellaneous expenses in line 24e. If line 24e amount exceeds 10% of line 25, column (A) amount, list line 24e expenses on Schedule O.)
a	REIMBURSED GOV RE/GRANT	422,484	73,875	348,609
b
c
d
e	All other expenses
25	Total functional expenses. Add lines 1 through 24e	1,296,713	286,318	1,010,395	0
26	Joint costs. Complete this line only if the organization reported in column (B) joint costs from a combined educational campaign and fundraising solicitation. Check here if following SOP 98-2 (ASC 958-720).

1	Cash–non-interest-bearing ........		56,984	1	135,977
2	Savings and temporary cash investments .........			2
3	Pledges and grants receivable, net ......			3
4	Accounts receivable, net .............		4,400	4	0
5	Loans and other receivables from any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons .......
				5
6	Loans and other receivables from other disqualified persons (as defined under section 4958(f)(1)), and persons described in section 4958(c)(3)(B) ...
				6
7	Notes and loans receivable, net ...........			7
8	Inventories for sale or use ............			8
9	Prepaid expenses and deferred charges ......		375	9	384
10a	Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D	10a
b	Less: accumulated depreciation	10b		10c
11	Investments—publicly traded securities .			11
12	Investments—other securities. See Part IV, line 11 .....			12
13	Investments—program-related. See Part IV, line 11 ..			13
14	Intangible assets ...............			14	2,458
15	Other assets. See Part IV, line 11 ...........		476,465	15	22,000
16	Total assets. Add lines 1 through 15 (must equal line 33)...		538,224	16	160,819

17	Accounts payable and accrued expenses .....	483,991	17	34,481
18	Grants payable ...		18
19	Deferred revenue .........		19
20	Tax-exempt bond liabilities .........		20
21	Escrow or custodial account liability. Complete Part IV of Schedule D		21
22	Loans and other payables to any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons .........
			22
23	Secured mortgages and notes payable to unrelated third parties ..		23
24	Unsecured notes and loans payable to unrelated third parties ..		24
25	Other liabilities (including federal income tax, payables to related third parties, and other liabilities not included on lines 17 - 24). Complete Part X of Schedule D	1,000,000	25	1,500,000
26	Total liabilities. Add lines 17 through 25..	1,483,991	26	1,534,481

	Organizations that follow FASB ASC 958, check here and complete lines 27, 28, 32, and 33.
27	Net assets without donor restrictions ..........	-945,767	27	-1,373,662
28	Net assets with donor restrictions ...........		28
	Organizations that do not follow FASB ASC 958, check here and complete lines 29 through 33.
29	Capital stock or trust principal, or current funds .....		29
30	Paid-in or capital surplus, or land, building or equipment fund ...		30
31	Retained earnings, endowment, accumulated income, or other funds		31
32	Total net assets or fund balances ...........	-945,767	32	-1,373,662
33	Total liabilities and net assets/fund balances ........	538,224	33	160,819

1a	Beginning of year balance ....
b	Contributions ...
c	Net investment earnings, gains, and losses
d	Grants or scholarships ...
e	Other expenditures for facilities and programs ...
f	Administrative expenses ....
g	End of year balance ......

1a	Land .....
b	Buildings ....
c	Leasehold improvements
d	Equipment ....
e	Other .....
Total. Add lines 1a through 1e. (Column (d) must equal Form 990, Part X, column (B), line 10(c).)..		0

(a) Description of security or category (including name of security)	(b) Book value	(c) Method of valuation: Cost or end-of-year market value
(1) Financial derivatives.........
(2) Closely-held equity interests........
(3)Other
(A)
(B)
(C)
(D)
(E)
(F)
(G)
(H)
Total. (Column (b) must equal Form 990, Part X, col. (B) line 12.)

(a) Description of investment	(b) Book value	(c) Method of valuation: Cost or end-of-year market value

(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 13.)

1.(a) Description of liability	(b) Book value
(1) Federal income taxes
LOAN PAYABLE - IPC	1,500,000








Total. (Column (b) must equal Form 990, Part X, col.(B) line 25.)	1,500,000
2. Liability for uncertain tax positions. In Part XIII, provide the text of the footnote to the organization's financial statements that reports the organization's liability for uncertain tax positions under FIN 48 (ASC 740). Check here if the text of the footnote has been provided in Part XIII