2023-05-12T09:06:48-05:00 2022-06-30 135565207 KPMG LLP 515 BROADWAY 4TH FLOOR ALBANY NY 122072974 990 2021-07-01 844046818 NEW YORK CENTER FOR RESEARCH ECONOMIC ADVANCEMENT TECHNOLOGY ENGINEERING AND NEWY 5189567322 257 FULLER RD ALBANY NY 12203 TIMOTHY TAYLOR CFO 5189567322 2023-05-11 1 TIMOTHY TAYLOR 999009999 MARILYN E FARLEY P01231880 5184274600 2023-05-11 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z NY CREATES DAVID ANDERSON 257 FULLER RD ALBANY NY 12203 6615819 0 X NY-CREATES.ORG X 2018 NY 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). 9 9 0 12 0 0 0 0 0 0 0 0 4450000 6615819 4450000 6615819 0 0 0 0 0 0 0 0 0 4350035 5280820 4350035 5280820 99965 1334999 99965 1449531 0 14567 99965 1434964 X 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). 0 0 5280820 6615819 NY CREATES RECEIVED A PAYMENT IN THE AMOUNT OF $6,615,819 FROM FULLER ROAD MANAGEMENT CORPORATION. 5280820 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 1 1 1 1 0 0 0 1 1 1 1 1 1 1 1 0 NY X TIMOTHY TAYLOR 5189567417 257 FULLER ROAD ALBANY NY 12203 JOAN MCDONALD DIRECTOR 0.50 0.50 X 0 0 0 MENG-LING HSIAO DIRECTOR 0.50 0.50 X 0 0 0 MICHAEL ABBOTT DIRECTOR 0.50 0.50 X 0 0 0 DOREEN HARRIS DIRECTOR 0.50 0.50 X 0 0 0 KRISTIN PROUD DIRECTOR 0.50 0.50 X 0 0 0 KENNETH TOMPKINS DIRECTOR 0.50 0.50 X 0 0 0 CHRISTINE CHUNG DIRECTOR 0.50 0.50 X 0 0 0 HEATHER HAGE DIRECTOR, AS OF 7/26/2021 0.50 0.50 X 0 0 0 ANITA BROWN DIRECTOR, AS OF 7/26/2021 0.50 0.50 X 0 0 0 FRANKLIN HECHT DIRECTOR, THRU 7/26/2021 0.50 0.50 X 0 0 0 BRAD JOHNSON DIRECTOR, THRU 7/26/2021 0.50 0.50 X 0 0 0 MICHAEL FRAME DIRECTOR, THRU 8/1/2021 0.50 0.50 X 0 0 0 DOUG GROSE PAST PRES/CHAIRMAN, DIR THRU 4/22/22 1.00 19.00 X 179656 0 10971 PATRICIA ARCIERO-CRAIG CAO, ACTING GENERAL COUNSEL 1.00 31.00 X 257049 0 49040 TIMOTHY TAYLOR CFO 1.00 24.00 X 197846 0 103420 JAMIE COTE COMPLIANCE OFFICER, THRU 3/4/2022 1.00 39.00 X 158054 0 431 PAUL KELLY COO 1.00 7.00 X 186680 0 44574 DAVID ANDERSON PRESIDENT, AS OF 4/25/2022 1.00 19.00 X 0 0 0 PATRICIA BUCKLIN SECRETARY 1.00 39.00 X 167687 0 13409 SCOTT BATEMAN TREASURER 0.50 0.50 X 0 0 0 DEBORAH REICHLER DIRECTOR OF FINANCE, THRU 10/22/2021 1.00 39.00 X 122075 0 29037 1269047 0 250882 7 0 0 1 0 PAYMENT FROM FRMC 900099 6615819 6615819 6615819 6615819 6615819 0 0 8000 8000 122959 122959 2713 2713 40635 40635 3028380 3028380 PAYMENT TO THE RF 2000000 2000000 CONSULTANT 78133 78133 5280820 5280820 0 0 99965 1210031 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 99500 0 0 0 0 0 0 0 0 0 0 0 0 0 140000 99965 1449531 0 14567 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 14567 X 99965 1434964 0 0 99965 1434964 99965 1449531 1334999 0 X 0 1 X 1 0 X 0 0 4450000 6615819 11065819 11065819 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: PAYMENT FROM FRMC - 2020 AMOUNT: $ 4,450,000. 2021 AMOUNT: $ 6,615,819. 0 DUE FROM MEMBER 140000 140000 X PART X, LINE 2: THE CORPORATION APPLIES THE PROVISIONS OF ASC SUBTOPIC 740-10, ACCOUNTING FOR UNCERTAINTY OF INCOME TAXES, WHICH ADDRESSES ACCOUNTING FOR UNCERTAINTIES IN INCOME TAXES RECOGNIZED IN AN ENTITY'S CONSOLIDATED FINANCIAL STATEMENTS AND PRESCRIBES A THRESHOLD OF MORE-LIKELY-THAN-NOT FOR RECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. ASC SUBTOPIC 740-10 ALSO PROVIDES GUIDANCE ON MEASUREMENT, CLASSIFICATION, INTEREST AND PENALTIES, AND DISCLOSURES OF TAX UNCERTAINTIES. MANAGEMENT HAS EVALUATED ASC 740-10 AND HAS CONCLUDED THAT THERE ARE NO UNCERTAIN INCOME TAX POSITIONS THAT IMPACT THE CORPORATION'S CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEARS ENDED JUNE 30, 2022 AND 2021. X 0 0 0 0 0 0 0 0 0 PATRICIA ARCIERO-CRAIG CAO, ACTING GENERAL COUNSEL 257049 0 0 0 0 0 20711 0 28329 0 306089 0 0 0 TIMOTHY TAYLOR CFO 197846 0 0 0 0 0 36080 0 67340 0 301266 0 0 0 PAUL KELLY COO 186680 0 0 0 0 0 22133 0 22441 0 231254 0 0 0 DOUG GROSE PAST PRES/CHAIRMAN, DIR THRU 4/22/22 179656 0 0 0 0 0 10942 0 29 0 190627 0 0 0 PATRICIA BUCKLIN SECRETARY 167687 0 0 0 0 0 12928 0 481 0 181096 0 0 0 JAMIE COTE COMPLIANCE OFFICER, THRU 3/4/2022 158054 0 0 0 0 0 374 0 57 0 158485 0 0 0 DEBORAH REICHLER DIRECTOR OF FINANCE, THRU 10/22/2021 122075 0 0 0 0 0 21597 0 7440 0 151112 0 0 0 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 THE OTHER PEOPLE LISTED WAS PAID BY THE RESEARCH FOUNDATION FOR THE STATE UNIVERSITY OF NEW YORK, ANOTHER UNRELATED ENTITY. 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. FORM 990, PART I, LINE 5 & PART V, LINE 2A - NUMBER OF EMPLOYEES THE SEVEN INDIVIDUALS INCLUDED IN FORM 990 PART VII LINE 1A WERE PAID BY UNRELATED ORGANIZATIONS. THEREFORE NO EMPLOYEES ARE REPORTED ON FORM 990 PART I, LINE 5 OR PART V, LINE 2A. FORM 990, BOX C THE NAME OF THE ORGANIZATION WAS TRUNCATED ON FORM 990, BOX C DUE TO CHARACTER LIMITATIONS IN THIS FIELD. THE COMPLETE NAME OF THE ORGANIZATION IS: NEW YORK CENTER FOR RESEARCH, ECONOMIC ADVANCEMENT TECHNOLOGY, ENGINEERING AND SCIENCE CORPORATION. FORM 990, PART VI, SECTION A, LINE 6 THE RESEARCH FOUNDATION FOR THE STATE UNIVERSITY OF NEW YORK (THE RESEARCH FOUNDATION) AND SUNY POLYTECHNIC FOUNDATION, INC (SPF) ARE THE MEMBERS OF THE CORPORATION. FORM 990, PART VI, SECTION A, LINE 7A THE RESEARCH FOUNDATION FOR THE STATE UNIVERSITY OF NEW YORK (THE RESEARCH FOUNDATION) AND SUNY POLYTECHNIC FOUNDATION, INC (SPF) ARE THE MEMBERS OF THE CORPORATION. FOUR DIRECTORS ARE APPOINTED BY SPF, ONE OF WHOM SHALL BE APPOINTED UPON THE RECOMMENDATION OF THE NEW YORK STATE URBAN DEVELOPMENT CORPORATION D/B/A EMPIRE STATE DEVELOPMENT (ESD) AND ONE OF WHOM SHALL BE APPOINTED UPON THE RECOMMENDATION OF THE STATE UNIVERSITY OF NEW YORK ("SUNY"); FOUR DIRECTORS ARE APPOINTED BY THE RESEARCH FOUNDATION, ONE OF WHOM SHALL BE APPOINTED UPON THE RECOMMENDATION OF ESD AND ONE OF WHOM SHALL BE APPOINTED UPON THE RECOMMENDATION OF SUNY; AND THREE DIRECTORS FROM THE PUBLIC AT LARGE OF WHOM SHALL BE ELECTED UPON THE UNANIMOUS CONSENT OF THE MEMBERS AND WITH THE CONSENT OF ESD. IN ADDITION, ESD'S PRESIDENT AND CEO, OR HIS/HER DESIGNEE, AND THE CHANCELLOR OF SUNY, OR HIS/HER DESIGNEE SERVE AS NON-VOTING, NON-FIDUCIARY ADVISORY REPRESENTATIVES TO THE BOARD. THE MEMBERS WITH THE ABILITY TO APPOINT BOARD DIRECTORS, HAVE NO POWER TO CONTROL THE BOARD'S DECISIONS. FORM 990, PART VI, SECTION A, LINE 7B THE BY-LAWS AND THE CERTIFICATE OF INCORPORATION MAY BE ADDED TO, AMENDED, REPEALED OR REPLACED ONLY BY THE AGREEMENT OF THE CORPORATION'S MEMBERS. IN ADDITION, UNDER THE BYLAWS, THE FOLLOWING ITEMS MUST BE APPROVED FIRST BY A MAJORITY VOTE OF THE CORPORATION'S BOARD OF DIRECTORS AND THEN SUBMITTED TO THE MEMBERS FOR APPROVAL: (I) AMENDMENT TO THE CORPORATION'S CETIFICATE OF INCORPORATION; (II) APPROVAL OF A PLAN OF MERGER OR CONSOLIDATION OF THE CORPORATION; (III) APPROVAL OF A PLAN OF DISSOLUTION OF THE CORPORATION; (IV) APPROVAL OF A RECOMMENDATION FOR THE SALE OF ALL OR SUBSTANTIALLY ALL OF THE ASSETS OF THE CORPORATION, (IV) ADMISSION OF ADDITIONAL MEMBERS INTO THE CORPORATION, AND (IV) ANY CHANGE TO THE MISSION OR PURPOSE OF THE CORPORATION. FORM 990, PART VI, SECTION A, LINE 8B THERE ARE CURRENTLY NO COMMITTEES WITH THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE CORPORATION'S FORM 990 IS PREPARED INTERNALLY UNDER THE REVIEW OF THE PRESIDENT, TREASURER AND CFO. IT IS REVIEWED BY THE CORPORATION'S EXTERNAL AUDITORS. THE COMPLETED FORM IS DISTRIBUTED TO THE AUDIT COMMITTEE AND REVIEWED WITH MANAGEMENT AND THE EXTERNAL AUDITORS. AFTER THE AUDIT COMMITTEE REVIEWS, THE FINAL FORM 990 AND ALL REQUIRED SCHEDULES IS DISTRIBUTED TO EACH VOTING BOARD DIRECTOR AND IS APPROVED BY THE BOARD OF DIRECTORS PRIOR TO FILING THE FORM 990 WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C UNDER THE CONFLICT OF INTEREST AND RELATED PARTY TRANSACTION POLICY, DIRECTORS, OFFICERS, AND KEY EMPLOYEES MUST DISCLOSE IN GOOD FAITH AND IN WRITING ALL MATERIAL FACTS RELATED TO CONFLICTS OF INTEREST TO THE GENERAL COUNSEL AND/OR ETHICS OFFICER, WHO WILL ADVISE HOW TO PROCEED. THE DISCLOSURE MUST BE MADE PART OF THE CORPORATION'S OFFICIAL RECORDS, INCLUDING IN THE MINUTES OF ANY MEETING AT WHICH THE CONFLICT ISSUE IS DISCUSSED OR VOTED ON. THE POLICY ALSO CONTAINS PROVISIONS FOR RECUSAL AND ABSTENTION. QUESTIONNAIRES ARE SUBMITTED ANNUALLY TO DIRECTORS, OFFICERS, AND KEY EMPLOYEES TO DETERMINE WHETHER ANY CONFLICTS OF INTEREST OR RELATED PARTY TRANSACTIONS EXIST. FORM 990, PART VI, SECTION B, LINE 15 FOR SUCH INDIVIDUALS WHOSE COMPENSATION WAS WHOLLY OR PARTIALLY REIMBURSED BY THE CORPORATION OR RELATED ORGANIZATIONS, THE AUDIT COMMITTEE, COMPRISED OF INDEPENDENT MEMBERS, CONSIDERED COMPARABLE SALARY INFORMATION AND DOCUMENTED ITS DECISION CONTEMPORANEOUSLY. FORM 990, PART VI, SECTION C, LINE 19 ALL GOVERNING DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS ARE POSTED ON THE CORPORATION'S WEBSITE AND ARE AVAILABLE TO THE PUBLIC, UPON REQUEST, AT THE CORPORATION'S BUSINESS OFFICE. FULLER ROAD MANAGEMENT CORPORATION 257 FULLER ROAD ALBANY NY 12207 RE HOLDING NY 501(C)(25) NY CREATES 1 FORT SCHUYLER MANAGEMENT CORPORATION 257 FULLER ROAD ALBANY NY 12207 SUPPORT SUNY POLY MISSION NY 501(C)(3) LINE 10 NY CREATES 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 FORT SCHUYLER MANAGEMENT CORPORATION R 3028380 ACTUAL PAYMENTS FULLER ROAD MANAGEMENT CORPORATION S 6615819 ACTUAL PAYMENTS