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DOWNSTATE TECHNOLOGY CENTER INC: Form 990, tax year 2022

View the entire original 990 at ProPublica ↗

Organization
DOWNSTATE TECHNOLOGY CENTER INC (EIN 11-3600385)
Tax period
2022-07-01 to 2023-06-30
Filed
2024-05-14
IRS object ID
202411359349302571
Schema version
2022v5.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2024-05-14T08:39:43-05:00ReturnTs
Tax Period End2023-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN474526160PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1EFPR GROUP CPAS PLLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line16390 MAIN STREET SUITE 200AddressLine1Txt
CityWILLIAMSVILLECityNm
State AbbreviationNYStateAbbreviationCd
ZIP14221ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2022-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN113600385EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1DOWNSTATE TECHNOLOGY CENTER INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlDOWNBusinessNameControlTxt
Phone7182703176PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1450 CLARKSON AVE BOX 65AddressLine1Txt
CityBROOKLYNCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11203ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonRICHARD MILLERPersonNm
Person TitleTREASURERPersonTitleTxt
Phone7182703176PhoneNum
Signature2024-05-13SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstRICHARDPersonFirstNm
Person LastMILLERPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN
FieldValueIRS element (for citing)
IRS Responsible Prty Info Curr0IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonDAVID A URBAN CPAPreparerPersonNm
PTINP00630018PTIN
Phone7166340700PhoneNum
Preparation2024-05-13PreparationDt

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer3TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2022TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerRICHARD MILLERPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1450 CLARKSON AVE BOX 65AddressLine1Txt
CityBROOKLYNCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11203ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$2,713,773GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.DOWNSTATE.EDUWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2000FormationYr
Legal Domicile StateNYLegalDomicileStateCd
Activity Or MissionDOWNSTATE TECHNOLOGY CENTER, INC. (DTC) WAS FORMED TO PROVIDE AN ENVIRONMENT IN WHICH NEW AND TECHNOLOGICALLY INNOVATIVE BUSINESSES CAN DEVELOP SCIENTIFIC AND MEDICAL RESEARCH THAT CAN BE TRANSLATED INTO COMMERCIALLY VIABLE HIGH TECHNOLOGY PRODUCTS AND SERVICES AND/OR RENTAL SPACE IN INCUBATOR AND RESEARCH FACILITIES IN BROOKLYN, NEW YORK. TO ACCOMPLISH THIS, DTC HAS DESIGNED AND DEVELOPED AND CURRENTLY OPERATES STATE-OF-THE-ART INCUBATOR FACILITIES WHERE IT LEASES WET LABORATORY AND OFFICE SPACE TO BIOTECHNOLOGY AND OTHER LIFE SCIENCES COMPANIES TO CONDUCT CUTTING EDGE RESEARCH AND DEVELOPMENT.ActivityOrMissionDesc
Voting Members Governing Body10VotingMembersGoverningBodyCnt
Voting Members Independent10VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Volunteers0TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$125,000PYContributionsGrantsAmt
CY Contributions Grants$125,000CYContributionsGrantsAmt
PY Program Service Revenue$2,401,492PYProgramServiceRevenueAmt
CY Program Service Revenue$2,583,579CYProgramServiceRevenueAmt
PY Investment Income$0PYInvestmentIncomeAmt
CY Investment Income$4,308CYInvestmentIncomeAmt
PY Other Revenue$115,654PYOtherRevenueAmt
CY Other Revenue$886CYOtherRevenueAmt
PY Total Revenue$2,642,146PYTotalRevenueAmt
CY Total Revenue$2,713,773CYTotalRevenueAmt
PY Grants And Similar Paid$0PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$561,117PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$0CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$1,573,213PYOtherExpensesAmt
CY Other Expenses$2,115,134CYOtherExpensesAmt
PY Total Expenses$2,134,330PYTotalExpensesAmt
CY Total Expenses$2,115,134CYTotalExpensesAmt
PY Revenues Less Expenses$507,816PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$598,639CYRevenuesLessExpensesAmt
Total Assets BOY$3,493,508TotalAssetsBOYAmt
Total Assets EOY$4,034,760TotalAssetsEOYAmt
Total Liabilities BOY$830,344TotalLiabilitiesBOYAmt
Total Liabilities EOY$772,957TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$2,663,164NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$3,261,803NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionSEE SCHEDULE ODOWNSTATE TECHNOLOGY CENTER, INC. (DTC) WAS FORMED TO PROVIDE AN ENVIRONMENT IN WHICH NEW AND TECHNOLOGICALLY INNOVATIVE BUSINESSES CAN DEVELOP SCIENTIFIC AND MEDICAL RESEARCH THAT CAN BE TRANSLATED INTO COMMERCIALLY VIABLE HIGH TECHNOLOGY PRODUCTS AND SERVICES AND/OR RENTAL SPACE IN INCUBATOR AND RESEARCH FACILITIES IN BROOKLYN, NEW YORK. TO ACCOMPLISH THIS, DTC HAS DESIGNED AND DEVELOPED AND CURRENTLY OPERATES STATE-OF-THE-ART INCUBATOR FACILITIES WHERE IT LEASES WET LABORATORY AND OFFICE SPACE TO BIOTECHNOLOGY AND OTHER LIFE SCIENCES COMPANIES TO CONDUCT CUTTING EDGE RESEARCH AND DEVELOPMENT.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$1,905,888ExpenseAmt
Revenue$2,583,579RevenueAmt
DescDTC HAS DESIGNED, DEVELOPED AND OPERATES STATE-OF-THE-ART INCUBATOR FACILITIES WHERE IT LEASES WET LABORATORY AND OFFICE SPACE TO BIOTECHNOLOGY AND OTHER LIFE SCIENCES COMPANIES TO CONDUCT CUTTING EDGE RESEARCH AND DEVELOPMENT. AS OF JUNE 30, 2023, DTC HAD A TOTAL OF 23 TENANTS IN THE TWO PROPERTIES THEY MANAGE.Desc
Total Program Service Expenses$1,905,888TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit CounselingYes (1)CreditCounselingInd
Donor Rstr Or Quasi Endowments0DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other AssetsYes (1)ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document11IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee0EmployeeCnt
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members10GoverningBodyVotingMembersCnt
Independent Voting Member10IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or StockholdersYes (1)MembersOrStockholdersInd
Election Of Board MembersYes (1)ElectionOfBoardMembersInd
Decisions Subject To ApprovaYes (1)DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEO0CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldNYStatesWhereCopyOfReturnIsFldCd
Other WebsiteYes (X)OtherWebsiteInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1SAM KIELBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone7182704358PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1450 CLARKSON AVENUEAddressLine1Txt
CityBROOKLYNCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11203ZIPCd
FieldValueIRS element (for citing)
No Listed Persons CompensatedYes (X)NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (13 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
EVA CRAMER PHD
PRESIDENT8.000.00Yes (X)Yes (X)$0$0$0
JOAN BARTOLOMEO
TRUSTEE1.000.00Yes (X)$0$0$0
RICHARD MILLER PHD
TREASURER1.000.00Yes (X)Yes (X)$0$0$0
HEIDI ARONINMPA
TRUSTEE & CHAIR1.000.00Yes (X)Yes (X)$0$0$0
WAYNE RILEY MD MPHMBAMACP
TRUSTEE & VICE CHAIR1.000.00Yes (X)Yes (X)$0$0$0
MATTHEW MROZ ESQ
TRUSTEE1.000.00Yes (X)$0$0$0
DAVID HOCHMAN MBA
TRUSTEE1.000.00Yes (X)$0$0$0
JEFFREY HWANG MBA
TRUSTEE3.000.00Yes (X)$0$0$0
DAVID CHRISTINI PHD
TRUSTEE1.000.00Yes (X)$0$0$0
STEPHEN M KAMINSKY PHD
TRUSTEE1.000.00Yes (X)$0$0$0
A JEFFREY ROSEN
ASSISTANT TREASURER1.000.00Yes (X)$0$0$0
DAVID NORTON ESQ
EXECUTIVE DIRECTOR40.000.00Yes (X)$0$0$0
SAMUEL KIEL
PROGRAM MANAGER40.000.00Yes (X)$0$0$0
FieldValueIRS element (for citing)
Total Reportable Comp From Org$0TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$0TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K0TotalCompGreaterThan150KInd
Compensation From Other SrcsYes (1)CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (2 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
PENGUIN MAINTENANCE AND SERVICE
5 PENN PLAZA 16TH FLOORNEW YORKNY10001ELECTRICAL$320,731
GROUNDS AND PROPERTY SERVICES
1075 EASTON AVE SUITE 312SOMERSETNJ08873CLEANING$157,097
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K2CntrctRcvdGreaterThan100KCnt
Government Grants$125,000GovernmentGrantsAmt
Total Contributions$125,000TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp

FieldValueIRS element (for citing)
DescRENTAL INCOMEDesc
Business531120BusinessCd
Total Revenue Column$2,583,579TotalRevenueColumnAmt
Related Or Exempt Func Income$2,583,579RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$2,583,579TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$4,308TotalRevenueColumnAmt
Exclusion$4,308ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp

FieldValueIRS element (for citing)
DescMISCELLANEOUSDesc
Business900099BusinessCd
Total Revenue Column$886TotalRevenueColumnAmt
Exclusion$886ExclusionAmt
FieldValueIRS element (for citing)
Other Revenue Total$886OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$2,713,773TotalRevenueColumnAmt
Related Or Exempt Func Income$2,583,579RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$5,194ExclusionAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$16,769TotalAmt
Management And General$16,769ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$27,009TotalAmt
Management And General$27,009ManagementAndGeneralAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$608,469TotalAmt
Program Services$596,510ProgramServicesAmt
Management And General$11,959ManagementAndGeneralAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$38,790TotalAmt
Program Services$38,402ProgramServicesAmt
Management And General$388ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$151,736TotalAmt
Program Services$102,634ProgramServicesAmt
Management And General$49,102ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (3 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmt
MAINTENANCE AND REPAIRS$690,451$690,451
PURCHASED SERVICES$567,267$463,248$104,019
PROGRAM EXPENSES$14,643$14,643

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$2,115,134TotalAmt
Program Services$1,905,888ProgramServicesAmt
Management And General$209,246ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$2,157,599BOYAmt
EOY$1,044,143EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
EOY$1,600,000EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$1,904BOYAmt
EOY$0EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$52,765BOYAmt
EOY$89,079EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$941,755LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$72,652LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$875,132BOYAmt
EOY$869,103EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$406,108BOYAmt
EOY$432,435EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$3,493,508BOYAmt
EOY$4,034,760EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$110,957BOYAmt
EOY$105,169EOYAmt

Escrow Account Liability EscrowAccountLiabilityGrp

FieldValueIRS element (for citing)
BOY$406,108BOYAmt
EOY$413,222EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$313,279BOYAmt
EOY$254,566EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$830,344BOYAmt
EOY$772,957EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$2,663,164BOYAmt
EOY$3,261,803EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$2,663,164BOYAmt
EOY$3,261,803EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$3,493,508BOYAmt
EOY$4,034,760EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$598,639ReconcilationRevenueExpnssAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Info In Schedule O Part XIIYes (X)InfoInScheduleOPartXIIInd
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$632,155CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$125,000CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$125,139CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$125,000CurrentTaxYearMinus1YearAmt
Current Tax Year$125,000CurrentTaxYearAmt
Total$1,132,294TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$632,155CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$125,000CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$125,139CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$125,000CurrentTaxYearMinus1YearAmt
Current Tax Year$125,000CurrentTaxYearAmt
Total$1,132,294TotalAmt
FieldValueIRS element (for citing)
Public Support Total170$1,132,294PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year$4,308CurrentTaxYearAmt
Total$4,308TotalAmt

Other Income170 OtherIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$4,175CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$137CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$7,087CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$115,654CurrentTaxYearMinus1YearAmt
Current Tax Year$886CurrentTaxYearAmt
Total$127,939TotalAmt
FieldValueIRS element (for citing)
Total Support$1,264,541TotalSupportAmt
Gross Receipts Rltd Activities$10,785,433GrossReceiptsRltdActivitiesAmt
Public Support CY1700.89540PublicSupportCY170Pct
Public Support PY1700.76340PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Form990 Schedule A Part VI Form990ScheduleAPartVIGrp

FieldValueIRS element (for citing)
Form And Line ReferenceSCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME:FormAndLineReferenceDesc
ExplanationOTHER INCOME - 2018 AMOUNT: $ 4,175. 2019 AMOUNT: $ 137. 2020 AMOUNT: $ 7,087. 2021 AMOUNT: $ 697. 2022 AMOUNT: $ 886. HSCB FOUNDATION INC DEBT FORGIVENESS - 2021 AMOUNT: $ 114,957.ExplanationTxt

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

FieldValueIRS element (for citing)
Agent Trustee Etc0AgentTrusteeEtcInd
Incl Escrow Custodial Acct LiabYes (1)InclEscrowCustodialAcctLiabInd
Explanation ProvidedYes (X)ExplanationProvidedInd

Leasehold Improvements LeaseholdImprovementsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$941,755OtherCostOrOtherBasisAmt
Depreciation$72,652DepreciationAmt
Book Value$869,103BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$869,103TotalBookValueLandBuildingsAmt

Other Assets Org OtherAssetsOrgGrp (2 entries)

DescDescBook ValueBookValueAmt
DUE FROM THE STATE UNIVERSITY OF NEW YORK DOWNSTATE HEALTH SCIENCES UNIVERSI$19,213
SECURITY DEPOSITS$413,222
FieldValueIRS element (for citing)
Total Book Value Other Assets$432,435TotalBookValueOtherAssetsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

FieldValueIRS element (for citing)
DescDUE TO HCSB FDN (HEALTH SCIENCE CENTER AT BROOKLYN FOUNDATION INC)Desc
Amt$254,566Amt
FieldValueIRS element (for citing)
Total Liability$254,566TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$3,301,273TotalRevEtcAuditedFinclStmtAmt
Donated Services And Use Fclts$587,500DonatedServicesAndUseFcltsAmt
Revenue Not Reported$587,500RevenueNotReportedAmt
Revenue Subtotal$2,713,773RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$2,713,773TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$2,702,634TotExpnsEtcAuditedFinclStmtAmt
Donated Services Use Fclts$587,500DonatedServicesUseFcltsAmt
Expenses Not Reported$587,500ExpensesNotReportedAmt
Expenses Subtotal$2,115,134ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$2,115,134TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART IV, LINE 2B:THE ORGANIZATION HOLDS SECURITY DEPOSITS FOR TENANTS IN AN ESCROW ACCOUNT UNTIL THE END OF THE LEASE. ONCE THE END OF THE LEASE OCCURS, AND THE ORGANIZATION VERIFIES THAT NO DAMAGE OCCURRED OR REPAIRS NEED TO BE DONE TO THE PROPERTY THAT WAS BEING LEASED, THE SECURITY DEPOSIT IS RETURNED TO THE TENANT. THE SECURITY DEPOSIT RETRUNED TO THE TENANT IS NET OF ANY OUTSTANDING FEES.
PART X, LINE 2:DTC IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND HAS BEEN CLASSIFIED AS OTHER THAN A PRIVATE FOUNDATION.

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Severance Payment0SeverancePaymentInd
Supplemental Nonqual Rtr Plan0SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org0CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs0CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org0CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs0CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments0AnyNonFixedPaymentsInd
Initial Contract Exception0InitialContractExceptionInd

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceFORM 990, PART VII, SEC A, LINE 5 COMPENSATION PAID BY AN UNRELATED ORG:FormAndLineReferenceDesc
ExplanationDOWNSTATE 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.ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (8 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 6THE ORGANIZATION HAS TWO MEMBERS: THE RESEARCH FOUNDATION OF THE STATE UNIVERSITY OF NEW YORK AND THE HEALTH SCIENCE CENTER AT BROOKLYN FOUNDATION INC.
FORM 990, PART VI, SECTION A, LINE 7AEACH MEMBER OF THE ORGANIZATION IS ALLOWED TO ELECT FOUR TRUSTEES. IN ADDITION, THE MEMBERS ELECT TWO TRUSTEES JOINTLY. THE TRUSTEES DIRECT THE MANAGEMENT AND OPERATION OF THE CORPORATION.
FORM 990, PART VI, SECTION A, LINE 7BTHE BYLAWS OF THE CORPORATION MAY ONLY BE AMENDED, REPEALED, ETC. UPON VOTE OF BOTH MEMBERS OF THE CORPORATION.
FORM 990, PART VI, SECTION B, LINE 11BDOWNSTATE TECHNOLOGY CENTER INC. HAS ITS FORM 990 PREPARED BY AN OUTSIDE ACCOUNTING FIRM AND HAS ESTABLISHED THE FOLLOWING REVIEW PROCESS TO ENSURE THAT THE INFORMATION REPORTED IS COMPLETE AND ACCURATE. AFTER THE FORM 990 HAS BEEN PREPARED, REVIEWED BY MANAGEMENT AND IS READY TO BE FILED WITH THE INTERNAL REVENUE SERVICE, IT IS ELECTRONICALLY SENT TO THE AUDIT COMMITTEE AND THE BOARD OF TRUSTEES FOR REVIEW. ANY COMMENTS ARE THEN GROUPED, SUMMARIZED AND PROVIDED TO THE OUTSIDE ACCOUNTANTS. EACH ISSUE IS DOCUMENTED AND ADDRESSED UNTIL THE RETURN IS FINALIZED AND APPROVED FOR FILING.
FORM 990, PART VI, SECTION B, LINE 12CEACH TRUSTEE AND OFFICER OF DOWNSTATE TECHNOLOGY CENTER, INC. (DTC) HAS A FIDUCIARY OBLIGATION TO ACT IN THE BEST INTERESTS OF THE CORPORATION. THEY ARE REQUIRED TO COMPLETE AN ANNUAL DISCLOSURE STATEMENT TO DISCLOSE ANY INTERESTS THAT COULD GIVE RISE TO CONFLICTS. A TRUSTEE OR OFFICER MAY NOT PARTICIPATE IN ANY VOTE ON ANY MATTER RELATING TO CURRENT OR PROPOSED DTC BUSINESS WITH ANY INDIVIDUAL OR ENTITY WITH WHICH THE TRUSTEE/OFFICER HAS A DIRECT OR INDIRECT PERSONAL OR FINANCIAL INTEREST THAT MAY CONFLICT WITH THE PROPER DISCHARGE OF THE MEMBER'S BOARD DUTIES. AN INDIRECT PERSONAL OR FINANCIAL INTEREST INCLUDES ANY TRANSACTION WHEREBY FAMILY MEMBERS MAY ACQUIRE A FINANCIAL BENEFIT. RELATIONSHIPS WITH HSCB FOUNDATION, RESEARCH FOUNDATION AND DOWNSTATE HEALTH SCIENCES UNIVERSITY ARE EXCLUDED FROM THE REQUIRED DISCLOSURES. THE BOARD OF TRUSTEES WILL DETERMINE WHETHER THE FACTS, AS DISCLOSED BY THE TRUSTEE/OFFICER, CONSTITUTE A CONFLICT OF INTEREST. IF THE BOARD DETERMINES THAT A CONFLICT EXISTS, THE AFFECTED TRUSTEE/OFFICER SHALL ABSTAIN FROM VOTING ON THE MATTER. THE AFFECTED TRUSTEE/OFFICER MAY PARTICIPATE IN DISCUSSIONS ON THE MATTER IN QUESTION ONLY IF ASKED FOR INFORMATION BY A MAJORITY OF THE REMAINING BOARD MEMBERS. THE AFFECTED TRUSTEE /OFFICER MUST WITHDRAW FROM THE MEETING CONCERNING THE MATTER IN QUESTION IF REQUESTED BY THE REMAINING BOARD MEMBERS. IN THE EVENT THAT THE CONFLICT INVOLVES A VENDOR FOR GOODS OR SERVICES, THE AFFECTED TRUSTEE OR OFFICER SHALL NOT PARTICIPATE IN THE ADMINISTRATION OF THE TRANSACTION. THE MINUTES OF THE BOARD SHALL REFLECT THE ACTIONS OF THE BOARD OF TRUSTEES AND THE AFFECTED TRUSTEE OR OFFICER. SUCH MINUTES SHALL INCLUDE ALL DISCLOSURES OF ACTUAL AND POTENTIAL CONFLICT.
FORM 990, PART VI, SECTION B, LINE 15DOWNSTATE 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. SALARIES ARE DETERMINED BY CLASS AND COMPENSATION BASED ON GRADE AND POSITION TITLE. THE STATE SYSTEM HAS SPECIFIC GUIDELINES ON SALARY AND GRADE LEVEL BASED ON JOB RESPONSIBILITIES. DAVID NORTON IS PAID BY AN UNRELATED ORGANIZATION, THE STATE OF NEW YORK, FOR SERVICES PROVIDED TO DOWNSTATE TECHNOLOGY CENTER AS EXECUTIVE DIRECTOR. HE RECEIVES A W-2 FOR HIS SERVICES, AS WELL AS RETIREMENT CONTRIBUTIONS AND NONTAXABLE BENEFITS FROM THE UNRELATED ORGANIZATION. EVA CRAMER IS PAID BY AN UNRELATED ORGANIZATION, STATE OF NEW YORK, FOR SERVICES PROVIDED TO DOWNSTATE TECHNOLOGY CENTER AS PRESIDENT. SHE RECEIVES A W-2 FOR HER SERVICES AS WELL AS RETIREMENT CONTRIBUTIONS AND NONTAXABLE BENEFITS FROM THE UNRELATED ORGANIZATION.
FORM 990, PART VI, SECTION C, LINE 19DOWNSTATE TECHNOLOGY CENTER, INC. MAKES ITS FORM 990 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE BY POSTING IT ON GUIDESTAR.ORG AND OTHER SIMILAR TYPES OF WEBSITES. IN ADDITION, FORM 990 AS WELL AS THE FINANCIAL STATEMENTS, GOVERNING DOCUMENTS, AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON WRITTEN REQUEST AT 450 CLARKSON AVENUE, BOX 65, BROOKLYN, NY 11203 OR BY CALLING THE ORGANIZATION DIRECTLY AT (718)613-8449.
FORM 990, PART XII, LINE 2CTHE ORGANIZATION HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS DID NOT CHANGE FROM THE PRIOR YEAR.