2014-05-06T08:28:33-05:00 2013-06-30 271728945 O'CONNOR DAVIES LLP 500 MAMARONECK AVENUE HARRISON NY 105281633 990 2012-07-01 113600385 DOWNSTATE TECHNOLOGY CENTER INC DOWN 7182703176 450 CLARKSON AVE MSC 65 BROOKLYN NY 11203 MELANIE GEHEN 7182703176 2014-05-02 1 GARRETT M HIGGINS P00543209 9143818900 2014-05-02 2012 2015-11-30 17:44:51Z EVA CRAMER PHD 450 CLARKSON AVE MSC 65 BROOKLYN NY 11203 1007654 0 X HTTP://INCUBATOR.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. 10 9 0 14 0 0 79707 0 954430 1000167 0 0 123366 7487 1157503 1007654 0 0 0 0 0 0 0 0 0 1077398 1040525 1077398 1040525 80105 -32871 423586 307910 3077050 2994245 -2653464 -2686335 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 728367 1000167 DTC DEVELOPS AND OFFERS RENTAL SPACE THAT MEETS THE REQUIREMENTS OF NEW AND TECHNOLOGICALLY INNOVATIVE BUSINESSES. DTC MANAGES TWO BUILDINGS, WHICH SERVED SIXTEEN TENANTS IN ONE BUILDING AND FIVE TENANTS IN THE OTHER. 728367 1 0 0 1 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 0 0 0 0 0 0 0 0 0 0 0 0 0 X 10 9 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 8.00 X X 38624 0 8631 JOAN BARTOLOMEO 1.00 X 0 0 0 JOHN C LAROSA MD CHAIRMAN 2.00 X X 0 0 0 PAUL J DAVIS TREASURER 2.00 X X 0 0 0 GREGORY W O'CONNOR 1.00 X 0 0 0 CHARLES D DILKS 1.00 X 0 0 0 GARRETT R SANDERS 1.00 X 0 0 0 STEPHEN M KAMINSKY PHD 1.00 X 0 0 0 IAN L TAYLOR MDPHD 2.00 X X 0 0 0 MELANIE GEHEN 2.00 X X 0 0 0 JOHN F WILLIAMS JR MD EDD MPH 2.00 X X 0 0 0 ALAN DZIJA 1.00 X 0 0 0 FRANCI SCHARF 3.00 X 0 0 0 DAVID NORTON ESQ 40.00 X 140637 0 25400 A JEFFREY ROSEN 1.00 X 0 0 0 179261 0 34031 0 0 1 1 0 RENTAL INCOME 531120 1000167 1000167 1000167 FACILITY ROOM FEE 900099 5478 5478 OTHER INCOME 900099 2009 2009 7487 1007654 1000167 0 7487 47311 33118 14193 22500 15750 6750 22396 15677 6719 290783 203548 87235 99571 69700 29871 PURCHASED SERVICES 395021 276514 118507 MAINTENANCE AND REPAIRS 162943 114060 48883 1040525 728367 312158 0 332733 204020 7884 32700 25141 17651 57828 53539 423586 307910 84460 54523 3981 5212 57828 53539 2930781 2880971 3077050 2994245 X -2653464 -2686335 -2653464 -2686335 423586 307910 -32871 0 X X 0 1 X 1 0 X 299905 274335 138619 79707 792566 299905 274335 138619 79707 792566 100070 692496 59496 12293 1306 123366 7487 203948 996514 4791226 0.69490 0.77890 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2008 AMOUNT: $ 4,772. 2009 AMOUNT: $ 12,293. 2010 AMOUNT: $ 1,306. 2011 AMOUNT: $ 11,939. 2012 AMOUNT: $ 2,009. INSURANCE SETTLEMENT - 2008 AMOUNT: $ 37,297. PROPERTY TAX REFUND - 2008 AMOUNT: $ 17,427. FORGIVENESS OF DEBT - 2011 AMOUNT: $ 111,427. FACILITY ROOM FEE - 2012 AMOUNT: $ 5,478. 0 0 0 0 0 0 1 22500 0 0 22500 0 EXPLANATION OF LOBBYING ACTIVITIES: PART II-B, LINE 1: DTCI UTILIZED THE SERVICES OF YOSWEIN NEW YORK TO ENGAGE IN LOBBYING ACTIVITIES. SUBJECT THAT WAS LOBBIED WAS: CAPITAL FUNDING FOR BIOTECH INCUBATOR. 0 1 X 0 SECURITY DEPOSITS 53539 53539 DUE TO STATE U. OF NY DOWNSTATE MEDICAL CENTER 839386 DUE TO RESEARCH FOUNDATION FOR STATE U OF NY 1549979 DUE TO HEALTH SCIENCE CENTER AT BROOKLYN FOUNDATION, INC. 491606 2880971 X 1307654 300000 300000 1007654 0 1007654 1340525 300000 300000 1040525 0 1040525 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. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: 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, 2010. 0 0 0 0 0 0 0 0 0 EVA CRAMER PHD 38624 0 0 0 0 0 5790 0 2841 0 47255 0 0 0 DAVID NORTON ESQ 140637 0 0 0 0 0 18533 0 6867 0 166037 0 0 0 SUPPLEMENTAL INFORMATION PART III PART VII, LINE 5, SERVICES PAID BY AN UNRELATED ORGANIZATION: DAVID NORTON IS PAID BY AN UNRELATED ORGANIZATION, SUNY DOWNSTATE MEDICAL CENTER (THE "CENTER") 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. EVA CRAMER IS PAID BY AN UNRELATED ORGANIZATION, SUNY DOWNSTATE MEDICAL CENTER 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 THE CENTER 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 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 TO REPRESENT THEM. 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 DIRECTORS AND OFFICERS OF THE ORGANIZATION. THE CONFLICT OF INTEREST POLICY IS UPDATED AS NEEDED. THE LAST UPDATE WAS ON AUGUST 8, 2011. IT IS THE RESPONSIBILITY OF THE DIRECTORS 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 DIRECTOR OR OFFICER SHALL ABSTAIN FROM VOTING ON THE MATTER. THE AFFECTED DIRECTOR 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 DIRECTOR 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 DIRECTORS AND THE AFFECTED DIRECTOR OR OFFICER. FORM 990, PART VI, LINE 15A AND 15B 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. 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, MSC 65, BROOKLYN, NY 11203...OR BY CALLING THE ORGANIZATION DIRECTLY AT (718)-270-3176. 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.