Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $125,000

• 2a · Program service revenue: RENTAL INCOME

  total $2,583,579 · related or exempt $2,583,579

• 3 · Investment income

  total $4,308 · excluded $4,308

• 11a · Other revenue: MISCELLANEOUS

  total $886 · excluded $886

• 11e · Other revenue, total

  $886

Functional expenses

Part IX, the statement of functional expenses.

• 11c · Fees: accounting

  total $16,769 · management and general $16,769

• 13 · Office expenses

  total $27,009 · management and general $27,009

• 16 · Occupancy

  total $608,469 · program services $596,510 · management and general $11,959

• 22 · Depreciation, depletion and amortization

  total $38,790 · program services $38,402 · management and general $388

• 23 · Insurance

  total $151,736 · program services $102,634 · management and general $49,102

• 24a · Other expenses: MAINTENANCE AND REPAIRS

  total $690,451 · program services $690,451

• 24b · Other expenses: PURCHASED SERVICES

  total $567,267 · program services $463,248 · management and general $104,019

• 24c · Other expenses: PROGRAM EXPENSES

  total $14,643 · program services $14,643

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $2,157,599 · end of year $1,044,143

• 2 · Savings and temporary cash investments

  end of year $1,600,000

• 4 · Accounts receivable

  beginning of year $1,904 · end of year $0

• 9 · Prepaid expenses and deferred charges

  beginning of year $52,765 · end of year $89,079

• 10a · Land, buildings and equipment: cost or other basis

  $941,755

• 10b · Land, buildings and equipment: accumulated depreciation

  $72,652

• 10c · Land, buildings and equipment, net

  beginning of year $875,132 · end of year $869,103

• 15 · Other assets

  beginning of year $406,108 · end of year $432,435

• 17 · Accounts payable and accrued expenses

  beginning of year $110,957 · end of year $105,169

• 21 · Escrow or custodial account liability

  beginning of year $406,108 · end of year $413,222

• 25 · Other liabilities

  beginning of year $313,279 · end of year $254,566

• 27 · Net assets without donor restrictions

  beginning of year $2,663,164 · end of year $3,261,803

The filer's explanations (Part III)

FORM 990, PART VII, SEC A, LINE 5 COMPENSATION PAID BY AN UNRELATED ORG:

DOWNSTATE TECHNOLOGY CENTER IS AFFILIATED WITH DOWNSTATE HEALTH SCIENCES UNIVERSITY, WHICH PAYS EMPLOYEE SALARIES DIRECTLY THROUGH THEIR PAYROLL DEPARTMENT. THE COSTS FOR SALARY AND FRINGE BENEFITS ARE THEN CHARGED BACK TO DTC. AS FOLLOWS: EVA CRAMER, PRESIDENT - TOTAL SALARY $236,815 ($39,785 FOR SERVICES TO DTCI); PENSION BENEFITS $5,840 DAVID NORTON, EXECUTIVE DIRECTOR - TOTAL SALARY $187,372 FOR SERVICES TO DTCI. PENSION BENEFITS $23,705; OTHER NON-TAXABLE BENEFIT $11,026. SAMUEL KIEL, PROGRAM DIRECTOR - TOTAL SALARY $124,901 FOR SERVICES TO DTCI. PENSION BENEFITS $9,645; OTHER NON-TAXABLE BENEFIT $11,026.