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← NEW YORK STATE TECHNOLOGY ENTERPRISE CORPORATION

Form 990 for tax year 2022

Filed by NEW YORK STATE TECHNOLOGY ENTERPRISE CORPORATION.

What the amendment changed

Compared with the return it replaced , filed 13 December 2023. matched by us Only the return's totals, a 990-PF's accounting method and the names listed in Part VII (Part VIII on a 990-PF) are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Those are the same on the two returns, so the amendment changed something else.

Totals

Total revenue
$92,728,304
Total expenses
$81,232,560
Contributions and grants received
$0
Grants paid
$557,803
Program service revenue
$91,595,757
Investment income
$1,131,797
Other revenue
$750
Total assets, end of year
$79,526,557
Total liabilities, end of year
$19,162,884
Net assets or fund balances, end of year
$60,363,673
Program services expenses (Part IX)
$67,608,948
Management and general expenses
$13,623,612
Fundraising expenses
$0
Program service expenses (Part III)
$67,608,948

Program services were 83.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: TECHNOLOGY CONSULTING

    total $91,595,757 · related or exempt $91,595,757

  • 3 · Investment income

    total $1,074,092 · excluded $1,074,092

  • 7a · Gross sales of assets other than inventory

    securities $3,922,692

  • 7b · Less cost or other basis and sales expenses

    securities $3,864,987

  • 7c · Gain or loss

    securities $57,705

  • 7d · Net gain or loss

    total $57,705 · excluded $57,705

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $750 · excluded $750

  • 11e · Other revenue, total

    $750

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $557,803 · program services $557,803

  • 5 · Compensation of officers, directors and key employees

    total $3,235,117 · program services $2,619,745 · management and general $615,372

  • 7 · Other salaries and wages

    total $36,834,203 · program services $29,828,499 · management and general $7,005,704

  • 8 · Pension plan contributions

    total $3,092,755 · program services $2,505,648 · management and general $587,107

  • 9 · Other employee benefits

    total $2,981,888 · program services $2,415,827 · management and general $566,061

  • 10 · Payroll taxes

    total $2,596,574 · program services $2,103,658 · management and general $492,916

  • 11b · Fees: legal

    total $57,049 · management and general $57,049

  • 11c · Fees: accounting

    total $43,550 · management and general $43,550

  • 11f · Fees: investment management

    total $55,103 · management and general $55,103

  • 11g · Fees: other

    total $23,507,535 · program services $22,599,203 · management and general $908,332

  • 12 · Advertising and promotion

    total $142,284 · management and general $142,284

  • 13 · Office expenses

    total $302,583 · program services $229,369 · management and general $73,214

  • 14 · Information technology

    total $166,423 · program services $134,103 · management and general $32,320

  • 16 · Occupancy

    total $1,376,437 · program services $1,101,150 · management and general $275,287

  • 17 · Travel

    total $1,021,074 · program services $650,164 · management and general $370,910

  • 22 · Depreciation, depletion and amortization

    total $510,783 · program services $408,626 · management and general $102,157

  • 23 · Insurance

    total $285,329 · program services $228,262 · management and general $57,067

  • 24a · Other expenses: SFT/HRDWARE, EQUIP/FURN

    total $1,962,260 · program services $1,581,201 · management and general $381,059

  • 24b · Other expenses: MISCELLANEOUS

    total $1,573,508 · program services $141,162 · management and general $1,432,346

  • 24c · Other expenses: PROFESSIONAL DEVELOPMNT

    total $353,631 · program services $266,067 · management and general $87,564

  • 24d · Other expenses: DUES & SUBSCRIPTIONS

    total $298,076 · program services $238,461 · management and general $59,615

  • 24e · All other expenses

    total $278,595 · management and general $278,595

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $17,162,715 · end of year $4,972,413

  • 2 · Savings and temporary cash investments

    beginning of year $8,990,405 · end of year $26,924,378

  • 4 · Accounts receivable

    beginning of year $23,592,134 · end of year $24,537,776

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,390,553 · end of year $1,299,730

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

    $4,204,753

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

    $1,423,472

  • 10c · Land, buildings and equipment, net

    beginning of year $3,105,451 · end of year $2,781,281

  • 11 · Investments: publicly traded securities

    beginning of year $4,941,870 · end of year $12,743,163

  • 12 · Investments: other securities

    beginning of year $1,693,621 · end of year $1,696,077

  • 15 · Other assets

    beginning of year $104,868 · end of year $4,571,739

  • 17 · Accounts payable and accrued expenses

    beginning of year $12,814,775 · end of year $14,754,403

  • 25 · Other liabilities

    beginning of year $0 · end of year $4,408,481

  • 27 · Net assets without donor restrictions

    beginning of year $48,166,842 · end of year $60,363,673

Mission and programs · 2022

Mission

NYSTEC IS A NOT-FOR-PROFIT TECHNOLOGY CONSULTING COMPANY, ADVISING ORGANIZATIONS, AGENCIES, INSTITUTIONS, AND BUSINESSES. NYSTEC'S MISSION IS TO PROVIDE SUPERIOR ENGINEERING, MANAGEMENT AND CONSULTING SERVICES TO ASSIST STATE AND GOVERNMENT CLIENTS IN SUCCESSFULLY IDENTIFYING, DEFINING, ACQUIRING AND IMPLEMENTING TECHNOLOGY NEEDS.

Activities or mission (Part I)

NYSTEC IS A NOT-FOR-PROFIT TECHNOLOGY CONSULTING COMPANY, ADVISING ORGANIZATIONS, AGENCIES, INSTITUTIONS, AND BUSINESSES. NYSTEC'S MISSION IS TO PROVIDE SUPERIOR CONSULTING SERVICES TO ASSIST STATE AND GOVERNMENT CLIENTS IN SUCCESSFULLY IDENTIFYING, DEFINING, ACQUIRING AND IMPLEMENTING TECHNOLOGY NEEDS. WE PROVIDE SERVICES THAT LEVERAGE THE TECHNOLOGY BASE IN NEW YORK STATE TO DEFINE, DEVELOP AND ENHANCE HIGH-TECH INNOVATION, KNOWLEDGE, AND CAPABILITIES THROUGHOUT GOVERNMENT AND INDUSTRY.

  • THE NEW YORK STATE TECHNOLOGY ENTERPRISE CORPORATION PROVIDES CONSULTING SERVICES THAT LEVERAGE THE TECHNOLOGY BASE IN NEW YORK STATE, INCLUDING AIR FORCE RESEARCH LABORATORY RI DIRECTORATE, TO DEFINE AND DEVELOP NEW HIGH-TECH SOLUTIONS FOR CLIENTS THROUGHOUT GOVERNMENT AND INDUSTRY.

    Expenses $67,608,948 · Grants $557,803 · Revenue $91,595,757

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Kevin Owens

    CEO & PRESIDENT

    Total calculated
    $575,632
    From this org
    $533,950
    From related orgs
    $0
    Other
    $41,682
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $348,750
    Bonus
    $185,000
    Other
    $200
    Deferred
    $34,292
    Nontaxable benefits
    $7,390
    Filer's total
    $575,632

  • William Pirillo

    BOARD CHAIR

    Total calculated
    $43,750
    From this org
    $43,750
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Donald Hanson

    BOARD MEMBER

    Total calculated
    $31,250
    From this org
    $31,250
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Thomas Triscari

    BOARD MEMBER

    Total calculated
    $33,750
    From this org
    $33,750
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Lisa Marrello

    BOARD MEMBER

    Total calculated
    $31,250
    From this org
    $31,250
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Philip Fazio

    BOARD MEMBER

    Total calculated
    $40,417
    From this org
    $40,417
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Scott McCartney

    BOARD MEMBER

    Total calculated
    $35,000
    From this org
    $35,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Saleem Cheeks

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Heather Dussault

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Jasminka Husic

    CFO, DIRECTOR OF FINANCE AND BU

    Total calculated
    $249,996
    From this org
    $213,489
    From related orgs
    $0
    Other
    $36,507
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $165,289
    Bonus
    $48,000
    Other
    $200
    Deferred
    $18,664
    Nontaxable benefits
    $17,843
    Filer's total
    $249,996

  • Glinnesa Gailliard

    GENERAL COUNSEL

    Total calculated
    $171,770
    From this org
    $154,642
    From related orgs
    $0
    Other
    $17,128
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $129,942
    Bonus
    $24,500
    Other
    $200
    Deferred
    $12,215
    Nontaxable benefits
    $4,913
    Filer's total
    $171,770

  • Nicholas Alger

    DIRECTOR OF OPERATIONS

    Total calculated
    $388,870
    From this org
    $345,585
    From related orgs
    $0
    Other
    $43,285
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $250,385
    Bonus
    $95,000
    Other
    $200
    Deferred
    $28,495
    Nontaxable benefits
    $14,790
    Filer's total
    $388,870

  • Mark Romano

    DIRECTOR OF BUSINESS DEVEL

    Total calculated
    $316,672
    From this org
    $272,315
    From related orgs
    $0
    Other
    $44,357
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $212,115
    Bonus
    $60,000
    Other
    $200
    Deferred
    $24,106
    Nontaxable benefits
    $20,251
    Filer's total
    $316,672

  • Richard Green

    DIRECTOR OF SERVICE DELIVE

    Total calculated
    $291,699
    From this org
    $250,839
    From related orgs
    $0
    Other
    $40,860
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $195,839
    Bonus
    $55,000
    Other
    $0
    Deferred
    $22,177
    Nontaxable benefits
    $18,683
    Filer's total
    $291,699

  • Charles Barnes

    DIRECTOR OF SERVICE DELIVE

    Total calculated
    $293,375
    From this org
    $253,373
    From related orgs
    $0
    Other
    $40,002
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $193,173
    Bonus
    $60,000
    Other
    $200
    Deferred
    $22,159
    Nontaxable benefits
    $17,843
    Filer's total
    $293,375

  • Shannon Kelley

    DIRECTOR OF SERVICE DELIVE

    Total calculated
    $274,504
    From this org
    $246,585
    From related orgs
    $0
    Other
    $27,919
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $189,385
    Bonus
    $57,000
    Other
    $200
    Deferred
    $21,619
    Nontaxable benefits
    $6,300
    Filer's total
    $274,504

  • Robert Zeglen

    PRACTICE LEADER

    Total calculated
    $263,305
    From this org
    $218,664
    From related orgs
    $0
    Other
    $44,641
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $180,664
    Bonus
    $38,000
    Other
    $0
    Deferred
    $19,908
    Nontaxable benefits
    $24,733
    Filer's total
    $263,305

  • Bradley Duerr

    PRACTICE LEADER

    Total calculated
    $241,306
    From this org
    $205,851
    From related orgs
    $0
    Other
    $35,455
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $163,692
    Bonus
    $42,000
    Other
    $159
    Deferred
    $18,385
    Nontaxable benefits
    $17,070
    Filer's total
    $241,306

  • William McBride

    PRACTICE LEADER

    Total calculated
    $239,576
    From this org
    $213,841
    From related orgs
    $0
    Other
    $25,735
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $173,692
    Bonus
    $40,000
    Other
    $149
    Deferred
    $19,285
    Nontaxable benefits
    $6,450
    Filer's total
    $239,576

  • Patrick Correia

    PRACTICE LEADER

    Total calculated
    $242,961
    From this org
    $207,058
    From related orgs
    $0
    Other
    $35,903
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $170,058
    Bonus
    $37,000
    Other
    $0
    Deferred
    $18,803
    Nontaxable benefits
    $17,100
    Filer's total
    $242,961

  • Sarah Goff

    PRACTICE LEADER

    Total calculated
    $234,110
    From this org
    $202,257
    From related orgs
    $0
    Other
    $31,853
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $166,058
    Bonus
    $36,000
    Other
    $199
    Deferred
    $18,353
    Nontaxable benefits
    $13,500
    Filer's total
    $234,110

  • Michele Salisbury

    CFO, DIRECTOR OF CONTRACTS (RETIRED)

    Total calculated
    $326,620
    From this org
    $286,864
    From related orgs
    $0
    Other
    $39,756
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $226,692
    Bonus
    $60,000
    Other
    $172
    Deferred
    $25,858
    Nontaxable benefits
    $13,898
    Filer's total
    $326,620

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • 99 OTIS STREET LLC

    N/A · REAL ESTATE · NY · 45% owned · share of income $2,456 · share of assets $3,384,305 · general or managing partner

    Directly controlled by GRIFFISS LOCAL DEVELOPMENT CORPORATION

Provenance

Return type
form_990
Tax year
2022
Filed
13 January 2025
IRS schema version
2022v5.0
Source object
202540159349300849

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