COVID Stimulus Watch Individual Entry

Individual Award Data

Recipient Company:
INTERNATIONAL BUSINESS MACHINES CORPORATION
Parent Company: IBM Corp.
Award Date: Sep 30, 2016
Award Type: contract
Contract Amount: $97,636
Awarding Agency: Treasury Department
Program Name: Federal Contracts Funded by COVID-19 Relief Funds
Award Details: IT AND TELECOM- PROGRAMMING: IGF::CT::IGF FOR CRITICAL FUNCTIONS - MEF IS A WEB BASED PLATFORM FOR FILING IRS TAX RETURNS, INFORMATION RETURNS, FORMS, AND SCHEDULES VIA THE INTERNET. MEF ALSO PROVIDES FUNCTIONALITY FOR SINGLE-POINT TRANSMISSION AND ACKNOWLEDGEMENT OF STATE RETURNS FOR REGISTERED THIRD PARTIES, ORIGINATORS, TRANSMITTERS, AND STATE AGENCIES, COLLECTIVELY KNOW AS TRADING PARTN
Data Source for Award:
https://www.usaspending.gov/#/award/CONT_AWD_TIRNO11D000220018_2050_TIRN...
Facility State: MD
Facility City: BETHESDA
Facility Street Address: 6710 ROCKLEDGE DR
Facility Zip Code: 208171826
Facility Congressional District: MD - 08
Facility NAICS Code: 541519 : Other Computer Related Services

Parent Company Data

Ownership Structure: publicly traded (ticker symbol IBM)
Headquartered in: New York
Parent Sector: information technology
Parent Industry: information technology
Employees (prior to pandemic): 352,600

Accountability Issues Since 2010

Employment icon
Employment-related Penalties: $11,361,379
Contracting icon
Government-contracting-related Penalties: $14,800,000
Environment icon
Environmental / Healthcare / Safety Penalties: $36,814
ConsumerProt icon
Consumer Protection / Financial / Competition-related Penalties: $10,000,000
CEOpay icon
Ratio of CEO Pay to that of Median Worker: 354 to 1
CEO Compensation: $20,160,865
Worker Median Pay: $56,896
Tax icon
Total Federal, State, and Local Subsidies: $695,036,000
Federal Corporate Income Tax Rate: -68.4%
Subsidy Tracker
Violation Tracker

Details on Accountability data sources