2018-05-14T17:54:47-05:00 2017-06-30 271728945 PKF O'Connor Davies LLP 500 Mamaroneck Avenue Harrison NY 105281633 990 2016-07-01 113600385 Downstate Technology Center Inc DOWN 7182703176 450 Clarkson Ave Box 65 Brooklyn NY 11203 Thomas Gray treasurer 7182703176 2018-05-14 1 Garrett M Higgins P00543209 9143818900 2018-05-14 65.51.112.58 2018-05-14 17:54:45 ED P 5FBDCBD040DC1AD11941E9056BDD8F8313149616 A3EB9A663B166A7F172762214481AEBFA8C1AD13 2016 2021-01-29 14:40:06Z Eva Cramer phd 450 Clarkson Ave Box 65 Brooklyn NY 11203 1750432 0 X N/A X 2000 NY See schedule o for continuation Downstate Technology Center, Inc. (DTC) was formed to help provide an environment in which new and technologically innovative businesses can develop scientific and medical research into commercially viable products and services. This is principally accomplished by developing and offering rental space that can accommodate the needs of such businesses, and developing programs to foster the growth of an appropriate labor force. 6 5 0 8 0 0 124700 370465 990662 1237045 0 0 318748 142922 1434110 1750432 0 220349 0 0 0 0 0 0 0 983067 1462412 983067 1682761 451043 67671 634219 1044754 940672 1283536 -306453 -238782 X Downstate Technology Center, Inc. (DTC) was formed to help provide an environment in which new and technologically innovative businesses can develop scientific and medical research into commercially viable products and services. This is principally accomplished by developing and offering rental space that can accommodate the needs of such businesses, and developing programs to foster the growth of an appropriate labor force. 0 0 1378971 220349 1237045 DTC develops and offers rental space that meets the requirements of new and technologically innovative businesses. DTC manages two buildings, which serve a total of 28 tenants. 1378971 1 1 0 0 0 0 0 0 1 0 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 10 0 0 0 0 0 0 0 0 0 0 0 0 X 6 5 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 7182704358 450 Clarkson Avenue Brooklyn NY 11203 Eva Cramer phd President 8.00 X X 38490 0 9709 melanie gehen treasurer, thru 4/3/17 2.00 X X 0 0 0 Joan Bartolomeo Trustee 1.00 X 0 0 0 gregory w o'connor trustee, THRU 6/7/17 1.00 X 0 0 0 charles d dilks trustee 1.00 X 0 0 0 stephen m kaminsky phd trustee 1.00 X 0 0 0 Christopher Reim trustee 1.00 X 0 0 0 Justine Gordon trustee 1.00 X 0 0 0 Michael Lucchesi md trustee, thru 5/9/17 1.00 X 0 0 0 Franci Scharf Secretary 3.00 X 0 0 0 david norton esq executive director 40.00 X 146696 0 27830 a jeffrey rosen asst. treasurer 1.00 X 0 0 0 185186 0 37539 0 0 0 1 Independent Temperature Control Services 117-19 14th Road College Point NY 11356 HVAC maintenance services 242105 1 152372 218093 370465 Incubator rents 531120 1014940 1014940 affiliates rental inco 531120 222105 222105 1237045 51724 0 51724 51724 51724 National Grid Settleme 900099 91198 91198 91198 1750432 1237045 0 142922 220349 220349 48452 48452 165 165 7905 7905 489102 341659 147443 518 518 1750 1750 15601 15601 purchased services 461321 391165 70156 maintenance and repairs 326886 326886 Next Milestone Program 76661 76661 bad debt 22251 22251 11800 11800 1682761 1378971 303790 0 445693 663876 14847 154111 22709 35399 150970 191368 634219 1044754 60578 110025 3791 10501 128960 169358 747343 993652 940672 1283536 X -306453 -238782 -306453 -238782 634219 1044754 67671 0 X X 0 1 X 1 0 X 1547648 0 124700 370465 2042813 1547648 124700 370465 2042813 2042813 51724 51724 7487 6505 7640 318748 91198 431578 2526115 4945944 0.80870 0.79070 X Schedule A, Part II, Line 10, Explanation of Other Income: other income - 2012 Amount: $ 2,009. 2014 Amount: $ 7,640. 2015 Amount: $ 21,250. facility room fee - 2012 Amount: $ 5,478. 2013 Amount: $ 6,505. Campus Reimbursement Income - 2015 Amount: $ 297,498. national grid settlement - 2016 Amount: $ 91,198. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 0 Tenant Escrow Account 169358 Security Deposits 22010 191368 Due to Research Foundation of the State University of NY 419590 Due to health science center at brooklyn foundation, inc. 491606 Due to The State University of New York Downstate Medical Center 82456 993652 X 2050432 300000 300000 1750432 0 1750432 1982761 300000 300000 1682761 0 1682761 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 or repairs needs to be done to the property that was being leased, the security deposit is returned to the tenant. The security deposit returned to the tenant is net of any outstanding fees. Part X, Line 2: DTC recognizes the effect of tax positions only when they are more likely than not to be sustained. Management has determined that DTC has no uncertain tax positions that would require financial statement recognition or disclosure. DTC is no longer subject to examinations by the applicable taxing jurisdictions for periods prior to June 30, 2014. 1 THE HEALTH SCIENCE CENTER AT BROOKLYN Foundation 450 CLARKSON AVENUE MS1281 BROOKLYN NY 11203 112418771 501(c)(3) 220349 general operating support 1 0 Part I, Line 2: Downstate technology center arranged the building repairment for Health Science Center at Brooklyn Foundation, Inc. (HSCB Foundation) and paid repair fee on behalf of HSCB Foundation. 0 0 0 0 0 0 0 0 0 Eva Cramer phd President 38490 0 0 0 0 0 5823 0 3886 0 48199 0 0 0 david norton esq executive director 122696 0 0 0 24000 0 19370 0 8460 0 174526 0 0 0 Part VII, Line 5, Services Paid by an Unrelated Organization David Norton is paid by an unrelated organization, 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. The compensation reported in Part VII, Section A and Schedule J, Part II is based on his calendar year compensation for services rendered to the 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. The compensation reported in Part VII, Section A and Schedule J, Part II is the portion of her salary and benefits paid by State of New York that is allocated to the Organization for services rendered. Form 990, Part VI, Section A, line 6 The organization has two members: The Research Foundation of the State University of New York (ACTING ON BEHALF SUNY HEALTH SCIENCE CENTER AT BROOKLYN) 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 SUNY Downstate Medical Center 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 SUNY Downstate Medical Center and the Research Foundation for SUNY, which pay employee salaries directly through their payroll departments. 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 and Research Foundation system have specific guidelines on salary and grade level based on job responsibilities. David Norton is paid by an unrelated organization, 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. The compensation reported in Part VII, Section A is based on his calendar year compensation for services rendered to the 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. The compensation reported in Part VII, Section A is the portion of her salary and benefits paid by State of New York that is allocated to the Organization for services rendered. 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 1276, Brooklyn, NY 11203 or by calling the organization directly at (718)-270-8590. 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.