2017-02-14T13:39:43-06:00 2016-06-30 271728945 PKF O'CONNOR DAVIES LLP 500 MAMARONECK AVENUE HARRISON NY 105281633 990 2015-07-01 113600385 DOWNSTATE TECHNOLOGY CENTER INC DOWN 7182703176 450 CLARKSON AVE BOX 65 BROOKLYN NY 11203 MELANIE GEHEN TREASURER 7182703176 2017-02-13 1 GARRETT M HIGGINS P00543209 9143818900 2017-02-13 2015 2021-01-29 14:40:06Z EVA CRAMER PHD 450 CLARKSON AVE BOX 65 BROOKLYN NY 11203 2559406 0 X HTTP://RESEARCH.DOWNSTATE.EDU/INCUBATOR.HTM 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. 9 8 0 8 0 0 0 1249996 717082 990662 0 0 7640 318748 724722 2559406 0 0 0 0 0 0 0 0 0 1129693 1261236 1129693 1261236 -404971 1298170 328565 634219 1933188 940672 -1604623 -306453 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 869478 990662 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 23 TENANTS. 869478 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 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 5 0 0 0 0 0 0 0 0 0 0 0 0 X 9 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 7182704358 450 CLARKSON AVENUE BROOKLYN NY 11203 EVA CRAMER PHD PRESIDENT 8.00 X X 39091 0 9708 JOAN BARTOLOMEO TRUSTEE 1.00 X 0 0 0 GREGORY W O'CONNOR TRUSTEE 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 MELANIE GEHEN TREASURER 2.00 X X 0 0 0 JOHN F WILLIAMS JR MD EDD MPH CHAIRMAN 2.00 X 0 0 0 BRYAN ALLISON TRUSTEE, LEFT 3/14/16 1.00 X 0 0 0 CHRISTOPHER REIM TRUSTEE 1.00 X 0 0 0 JUSTINE GORDON TRUSTEE 1.00 X 0 0 0 FRANCI SCHARF SECRETARY 3.00 X 0 0 0 DAVID NORTON ESQ EXECUTIVE DIRECTOR 40.00 X 142445 0 26801 A JEFFREY ROSEN ASST. TREASURER 1.00 X 0 0 0 181536 0 36509 1 0 0 1 0 124700 1125296 1249996 RENTAL INCOME 531120 983831 983831 FACILITY ROOM FEE 531120 6831 6831 990662 CAMPUS REIMBURSEMENT I 900099 297498 297498 OTHER INCOME 900099 21250 21250 318748 2559406 990662 0 318748 45844 45844 12286 8600 3686 456538 319577 136961 221 155 66 3000 2100 900 22728 15910 6818 PURCHASED SERVICES 423117 296182 126935 MAINTENANCE AND REPAIRS 231204 161843 69361 NEXT MILESTONE PROGRAM 62342 62342 MISCELLANEOUS 3956 2769 1187 1261236 869478 391758 0 159132 445693 23957 14847 64362 22709 81114 150970 328565 634219 94944 60578 11424 3791 81114 128960 1745706 747343 1933188 940672 X -1604623 -306453 -1604623 -306453 328565 634219 1298170 0 X X 0 1 X 1 0 X 79707 1547648 1249996 2877351 79707 1547648 1249996 2877351 2877351 123366 7487 6505 7640 318748 463746 3341097 4663329 0.86120 0.92260 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2011 AMOUNT: $ 11,939. 2012 AMOUNT: $ 2,009. 2014 AMOUNT: $ 7,640. 2015 AMOUNT: $ 21,250. FORGIVENESS OF DEBT - 2011 AMOUNT: $ 111,427. FACILITY ROOM FEE - 2012 AMOUNT: $ 5,478. 2013 AMOUNT: $ 6,505. CAMPUS REIMBURSEMENT INCOME - 2015 AMOUNT: $ 297,498. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 0 TENANT ESCROW ACCOUNT 128960 SECURITY DEPOSITS 22010 150970 DUE TO RESEARCH FOUNDATION OF THE STATE UNIVERSITY OF NY 255737 DUE TO HEALTH SCIENCE CENTER AT BROOKLYN FOUNDATION, INC. 491606 747343 X 2859406 300000 300000 2559406 0 2559406 1561236 300000 300000 1261236 0 1261236 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, 2013. 0 0 0 0 0 0 0 0 0 EVA CRAMER PHD PRESIDENT 39091 0 0 0 0 0 5904 0 3804 0 48799 0 0 0 DAVID NORTON ESQ EXECUTIVE DIRECTOR 142445 0 0 0 0 0 18808 0 7993 0 169246 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 11 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 THE CONFLICT OF INTEREST POLICY APPLIES TO TRUSTEES AND OFFICERS OF THE ORGANIZATION. IT IS THE RESPONSIBILITY OF THE TRUSTEES AND OFFICERS TO NOTIFY DTC OF ANY POTENTIAL CONFLICTS AS THEY ARISE. THE BOARD OF DIRECTORS WILL DETERMINE, BASED ON THE FACTS, IF A CONFLICT ACTUALLY EXISTS. IF THE BOARD DETERMINES THAT A CONFLICT EXISTS, THE AFFECTED TRUSTEE OR OFFICER SHALL ABSTAIN FROM VOTING ON THE MATTER. THE AFFECTED TRUSTEE OR 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 OR OFFICER MUST WITHDRAW FROM THE MEETING CONCERNING THE MATTER IN QUESTION IF REQUESTED BY THE REMAINING BOARD MEMBERS. THE MINUTES OF THE BOARD SHALL REFLECT THE ACTIONS OF THE BOARD OF TRUSTEES AND THE AFFECTED TRUSTEE OR OFFICER. 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 THE EXEMPT ORGANIZATION 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.