2020-06-29T13:20:16-05:00 2019-06-30 474526160 EFPR GROUP CPAS PLLC 6390 MAIN STREET SUITE 200 WILLIAMSVILLE NY 14221 990 2018-07-01 113600385 DOWNSTATE TECHNOLOGY CENTER INC DOWN 7182703176 450 CLARKSON AVE NO BOX 65 BROOKLYN NY 11203 A JEFFREY ROSEN ASSISTANT TREASURER 7182703176 2020-06-16 1 DAVID A URBAN CPA P00630018 7166340700 2020-06-16 64.88.174.3 2020-06-16 14:14:43 ED P 49CEEF3CE620270DA06BBA230B0EC8FABE22E804 6B9B0FE64E4B00D65FC92CC5B5C72A0AF1245DFA 2018 2021-01-29 14:40:06Z EVA CRAMER PHD 450 CLARKSON AVE NO BOX 65 BROOKLYN NY 11203 2528930 0 X WWW.DOWNSTATE.EDU/BIOTCH-PARK/INCUBATOR.HTML X 2000 NY SEE SCHEDULE O FOR CONTINUATIONDOWNSTATE 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. 8 8 0 0 0 0 1088330 632155 1753777 1892600 0 0 14895 4175 2857002 2528930 0 0 0 0 0 0 0 0 0 1669848 1810712 1669848 1810712 1187154 718218 1753684 2532324 805312 865734 948372 1666590 X SEE 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. 0 0 1647877 1892600 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. 1647877 1 1 0 0 0 0 0 0 1 0 1 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 15 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 8 8 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 0 0 0 NY X X SAM KIEL 7182704632 450 CLARKSON AVENUE BROOKLYN NY 11203 X EVA CRAMER PHD PRESIDENT 8.00 0.00 X X 0 0 0 JOAN BARTOLOMEO TRUSTEE 1.00 0.00 X 0 0 0 CHARLES D DILKS TRUSTEE 1.00 0.00 X 0 0 0 STEPHEN M KAMINSKY PHD TRUSTEE 1.00 0.00 X 0 0 0 RICHARD MILLER PHD TREASURER 1.00 0.00 X X 0 0 0 HEIDI ARONIN TRUSTEE & CHAIR 1.00 0.00 X X 0 0 0 WAYNE RILEY MD MPHMBAMACP TRUSTEE & VICE CHAIR 1.00 0.00 X X 0 0 0 MATTHEW MROZ ESQ TRUSTEE 1.00 0.00 X 0 0 0 THOMAS GRAY TRUSTEE & TREASURER (TO 3/29/19) 1.00 0.00 X X 0 0 0 FRANCI SCHARF SECRETARY 3.00 0.00 X 0 0 0 A JEFFREY ROSEN MBA ASSISTANT TREASURER 1.00 0.00 X 0 0 0 DAVID NORTON ESQ EXECUTIVE DIRECTOR 40.00 0.00 X 0 0 0 0 0 0 0 0 0 0 0 125000 507155 632155 RENTAL INCOME 531120 1892600 1892600 1892600 500 0 500 500 500 MISCELLANEOUS 900099 3675 3675 3675 2528930 1892600 0 4175 24829 24829 16476 16476 486909 479039 7870 736 729 7 165505 143602 21903 MAINTENANCE AND REPAIRS 536863 536863 PURCHASED SERVICES 507152 415402 91750 PROGRAM EXPENSES 72242 72242 1810712 1647877 162835 0 1210008 1996113 210236 15719 74848 73853 155756 736 0 155020 258592 291619 1753684 2532324 108940 157678 20747 7902 209020 233549 466605 466605 805312 865734 X 948372 1666590 948372 1666590 1753684 2532324 718218 0 X X 0 1 X 1 0 X 0 124700 370465 1088330 632155 2215650 124700 370465 1088330 632155 2215650 2215650 51724 250 500 52474 7640 318748 91198 14645 511330 943561 3211685 5932821 0.68990 0.86450 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2014 AMOUNT: $ 7,640. 2015 AMOUNT: $ 21,250. 2016 AMOUNT: $ 0. 2017 AMOUNT: $ 14,645. 2018 AMOUNT: $ 4,175. CAMPUS REIMBURSEMENT INCOME - 2015 AMOUNT: $ 297,498. NATIONAL GRID SETTLEMENT - 2016 AMOUNT: $ 91,198. DEBT FORGIVENESS - 2018 AMOUNT: $ 507,155. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 155756 736 155020 155020 DUE FROM SUNY DOWNSTATE MEDICAL CENTER 55070 OTHER RECEIVABLE 3000 SECURITY DEPOSITS 233549 291619 DUE TO HEALTH SCIENCE CENTER AT BROOKLYN FOUNDATION INC 466605 466605 2828930 300000 300000 2528930 0 2528930 2110712 300000 300000 1810712 0 1810712 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. FORM 990, PART VI, SECTION A, LINE 6 THE 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 7A EACH 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 B, LINE 11B DOWNSTATE 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 12C EACH TRUSTEE AND OFFICER OF DOWNSTATE TECHNOLOGY CENTER, INC. (DTCI) 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 DTCI 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 15 DOWNSTATE TECHNOLOGY CENTER IS AFFILIATED WITH DOWNSTATE HEALTH SCIENCES UNIVERSITY, WHICH PAY EMPLOYEE SALARIES DIRECTLY THROUGH THEIR PAYROLL DEPARTMENTS. THE COSTS FOR SALARY AND FRINGE BENEFITS ARE THEN CHARGED BACK TO DTCI. SALARIES ARE DETERMINED BY CLASS AND COMPENSATION BASED ON GRADE AND POSITION TITLE. THE STATE AND RESEARCH FOUNDATION SYSTEM HAVE 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 19 DOWNSTATE 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)613-8590. FORM 990, PART XII, LINE 2C: THE 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.