Totals
- Total revenue
- $17,502,814
- Total expenses
- $11,442,867
- Contributions and grants received
- $5,000,000
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $12,502,814
- Total assets, end of year
- $7,538,258
- Total liabilities, end of year
- $43,347
- Net assets or fund balances, end of year
- $7,494,911
- Program services expenses (Part IX)
- $11,442,867
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $11,442,867
Program services were 100.0% 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.
-
1f · All other contributions, gifts and grants
$5,000,000
-
11a · Other revenue: PAYMENT FROM FRMC
total $12,502,814 · related or exempt $12,502,814
-
11e · Other revenue, total
$12,502,814
Functional expenses
Part IX, the statement of functional expenses.
-
11c · Fees: accounting
total $22,735 · program services $22,735
-
11g · Fees: other
total $3,457,744 · program services $3,457,744
-
12 · Advertising and promotion
total $175,429 · program services $175,429
-
13 · Office expenses
total $24,825 · program services $24,825
-
19 · Conferences, conventions and meetings
total $222,201 · program services $222,201
-
21 · Payments to affiliates
total $4,569,180 · program services $4,569,180
-
24a · Other expenses: PAYMENT TO THE RF
total $2,000,000 · program services $2,000,000
-
24b · Other expenses: CONSULTANTS
total $857,780 · program services $857,780
-
24c · Other expenses: REPAIRS AND MAINTENANCE
total $101,352 · program services $101,352
-
24d · Other expenses: SUBSCRIPTIONS
total $11,621 · program services $11,621
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,210,031 · end of year $7,094,064
-
2 · Savings and temporary cash investments
beginning of year $0 · end of year $0
-
3 · Pledges and grants receivable
beginning of year $0 · end of year $0
-
4 · Accounts receivable
beginning of year $0 · end of year $0
-
5 · Loans and receivables from officers and key people
beginning of year $0 · end of year $0
-
6 · Loans and receivables from disqualified persons
beginning of year $0 · end of year $0
-
7 · Other notes and loans receivable
beginning of year $0 · end of year $0
-
8 · Inventories for sale or use
beginning of year $0 · end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $99,500 · end of year $65,000
-
10a · Land, buildings and equipment: cost or other basis
$0
-
10b · Land, buildings and equipment: accumulated depreciation
$0
-
10c · Land, buildings and equipment, net
beginning of year $0 · end of year $0
-
11 · Investments: publicly traded securities
beginning of year $0 · end of year $0
-
12 · Investments: other securities
beginning of year $0 · end of year $0
-
13 · Investments: program-related
beginning of year $0 · end of year $0
-
14 · Intangible assets
beginning of year $0 · end of year $0
-
15 · Other assets
beginning of year $140,000 · end of year $379,194
-
17 · Accounts payable and accrued expenses
beginning of year $14,567 · end of year $43,347
-
18 · Grants payable
beginning of year $0 · end of year $0
-
19 · Deferred revenue
beginning of year $0 · end of year $0
-
20 · Tax-exempt bond liabilities
beginning of year $0 · end of year $0
-
21 · Escrow or custodial account liability
beginning of year $0 · end of year $0
-
22 · Loans and payables to officers and key people
beginning of year $0 · end of year $0
-
23 · Secured mortgages and notes payable
beginning of year $0 · end of year $0
-
24 · Unsecured notes and loans payable
beginning of year $0 · end of year $0
-
27 · Net assets without donor restrictions
beginning of year $1,434,964 · end of year $2,494,911
-
28 · Net assets with donor restrictions
beginning of year $0 · end of year $5,000,000
Mission and programs · 2022
Mission
THE NEW YORK CENTER FOR RESEARCH, ECONOMIC ADVANCEMENT, TECHNOLOGY, ENGINEERING AND SCIENCE CORPORATION (NY CREATES) FORMED FOR THE PURPOSE OF ADVANCING SCIENTIFIC RESEARCH, EDUCATION AND ECONOMIC DEVELOPMENT WITHIN NEW YORK STATE. SPECIFICALLY, THE PURPOSE OF NY CREATES IS TO FACILITATE THE ATTRACTION AND EXPANSION OF INNOVATIVE RESEARCH AND DEVELOPMENT PROJECTS AND FACILITIES, AND TO DEVELOP STRATEGIC ASSETS THAT SUPPORT THE GROWTH OF HIGH TECHNOLOGY COMPANIES THROUGHOUT THE STATE IN COOPERATION WITH THE STATE UNIVERSITY OF NEW YORK (SUNY) AND THE NEW YORK STATE URBAN DEVELOPMENT CORPORATION D/B/A/ EMPIRE STATE DEVELOPMENT (ESD).
-
NY CREATES RECEIVED A PAYMENT IN THE AMOUNT OF $12,502,814 FROM FULLER ROAD MANAGEMENT CORPORATION.
Expenses $11,442,867 · Revenue $12,502,814
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Michael AbbottMICHAEL ABBOTT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 0.5 related
-
Anita BrownANITA BROWN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 0.5 related
-
Christine ChungCHRISTINE CHUNG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 0.5 related
-
Heather HageHEATHER HAGE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 0.5 related
-
Doreen HarrisDOREEN HARRIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 0.5 related
-
Meng-Ling HsiaoMENG-LING HSIAO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 0.5 related
-
Joan McDonaldJOAN MCDONALD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 0.5 related
-
Kristin ProudKRISTIN PROUD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 0.5 related
-
Kenneth TompkinsKENNETH TOMPKINS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 0.5 related
-
Patricia Arciero-CraigPATRICIA ARCIERO-CRAIG
CAO, ACTING GENERAL COUNSEL
- Total calculated
- $307,869
- From this org
- $256,392
- From related orgs
- $0
- Other
- $51,477
- Hours/week
- 1 + 31 related
Schedule J breakdown matched by us
- Base
- $256,392
- Bonus
- $0
- Other
- $0
- Deferred
- $21,541
- Nontaxable benefits
- $29,936
- Filer's total
- $307,869
-
Timothy TaylorTIMOTHY TAYLOR
CFO
- Total calculated
- $306,545
- From this org
- $202,060
- From related orgs
- $0
- Other
- $104,485
- Hours/week
- 1 + 24 related
Schedule J breakdown matched by us
- Base
- $202,060
- Bonus
- $0
- Other
- $0
- Deferred
- $36,452
- Nontaxable benefits
- $68,033
- Filer's total
- $306,545
-
David AndersonDAVID ANDERSON
PRESIDENT
- Total calculated
- $294,884
- From this org
- $284,287
- From related orgs
- $0
- Other
- $10,597
- Hours/week
- 1 + 19 related
Schedule J breakdown matched by us
- Base
- $284,287
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $10,597
- Filer's total
- $294,884
-
Paul KellyPAUL KELLY
COO
- Total calculated
- $250,245
- From this org
- $202,303
- From related orgs
- $0
- Other
- $47,942
- Hours/week
- 1 + 7 related
Schedule J breakdown matched by us
- Base
- $202,303
- Bonus
- $0
- Other
- $0
- Deferred
- $24,678
- Nontaxable benefits
- $23,264
- Filer's total
- $250,245
-
Patricia BucklinPATRICIA BUCKLIN
SECRETARY
- Total calculated
- $184,074
- From this org
- $168,046
- From related orgs
- $0
- Other
- $16,028
- Hours/week
- 1 + 39 related
Schedule J breakdown matched by us
- Base
- $168,046
- Bonus
- $0
- Other
- $0
- Deferred
- $15,547
- Nontaxable benefits
- $481
- Filer's total
- $184,074
-
Scott BatemanSCOTT BATEMAN
TREASURER
- Total calculated
- $0
- Hours/week
- 0.5 + 0.5 related
-
Doug GroseDOUG GROSE
PAST PRES/CHAIRMAN, DIR
- Total calculated
- $183,076
- From this org
- $183,076
- From related orgs
- $0
- Other
- $0
- Hours/week
- 0
Schedule J breakdown matched by us
- Base
- $183,076
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $183,076
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 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 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
The filer's explanations (Part III)
- PART II - COMPENSATION FROM UNRELATED ORGANIZATIONS
- COMPENSATION FOR TIMOTHY TAYLOR WAS PAID BY THE STATE UNIVERSITY OF NEW YORK, AN UNRELATED ENTITY, AND WAS PARTIALLY REIMBURSED THROUGH A GRANT. COMPENSATION FOR DOUG GROSS WAS PAID BY NY CREATES AS AN INDEPENDENT CONTRACTOR. COMPENSATION FOR THE OTHER PEOPLE LISTED WAS PAID BY THE RESEARCH FOUNDATION FOR THE STATE UNIVERSITY OF NEW YORK, ANOTHER UNRELATED ENTITY, AND WAS WHOLLY OR PARTIALLY REIMBURSED BY THE CORPORATION. THE COMPENSATION REPORTED ON SCHEDULE J PART II IS THE FULL COMPENSATION PAID TO EACH INDIVIDUAL. A PORTION OF THEIR TIME WAS SPENT WORKING FOR THE REPORTING ORGANIZATIONS AND ITS RELATED ORGANIZATIONS, AS REPORTED ON SCHEDULE R.
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
No itemized grants to organizations on this return.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
FULLER ROAD MANAGEMENT CORPORATION
501(C)(25) · RE HOLDING · NY
Directly controlled by NY CREATES
-
FORT SCHUYLER MANAGEMENT CORPORATION
501(C)(3) · SUP SUNY POLY · NY
Directly controlled by NY CREATES
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 7 May 2024
- IRS schema version
- 2022v5.0
- Source object
- 202431289349303513
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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