2022-05-13T14:01:57-05:00 2021-06-30 135565207 KPMG LLP 515 BROADWAY 4TH FLOOR ALBANY NY 122072974 990 2020-07-01 271459023 FORT SCHUYLER MANAGEMENT CORPORATION FORT 5189567322 257 FULLER ROAD ALBANY NY 12203 SCOTT BATEMAN TREASURER 5189567322 2022-05-12 1 SCOTT BATEMAN 999009999 MARILYN E FARLEY P01231880 5184274600 2022-05-11 0 AAL1 IAL1 2020 2022-09-23 18:48:47Z DAVID ANDERSON 257 FULLER ROAD ALBANY NY 12203 31445815 0 X FTSMC.ORG X 2009 NY FORT SCHUYLER MANAGEMENT CORPORATION WAS FORMED AND SHALL BE OPERATED EXCLUSIVELY FOR SCIENTIFIC, EDUCATIONAL, ECONOMIC DEVELOPMENT, AND CHARITABLE PURPOSES. IT ACHIEVES THIS OBJECTIVE BY FACILITATING RESEARCH AND ECONOMIC DEVELOPMENT ACTIVITIES RELATED TO THE RESEARCH AND EDUCATION MISSION OF SUNY BY PURCHASING, CONSTRUCTING, DEVELOPING AND MANAGING FACILITIES AND PROMOTING RESEARCH THEREIN WHICH SUPPORT THE ECONOMIC DEVELOPMENT, RESEARCH ACTIVITIES AND THE MISSION OF THE SUNY POLYTECHNIC INSTITUTE. 11 10 0 12 67605 0 36772096 21205740 0 0 200619 0 -10523689 -7163520 26449026 14042220 0 0 0 0 0 0 0 0 0 25707217 12028633 25707217 12028633 741809 2013587 127252972 120882631 105499213 96877552 21753759 24005079 X FORT SCHUYLER MANAGEMENT CORPORATION WAS FORMED AND SHALL BE OPERATED EXCLUSIVELY FOR SCIENTIFIC, EDUCATIONAL, ECONOMIC DEVELOPMENT, AND CHARITABLE PURPOSES. IT ACHIEVES THIS OBJECTIVE BY FACILITATING RESEARCH AND ECONOMIC DEVELOPMENT ACTIVITIES RELATED TO THE RESEARCH AND EDUCATION MISSION OF SUNY BY PURCHASING, CONSTRUCTING, DEVELOPING AND MANAGING FACILITIES AND PROMOTING RESEARCH THEREIN WHICH SUPPORT THE ECONOMIC DEVELOPMENT, RESEARCH ACTIVITIES AND THE MISSION OF THE SUNY POLYTECHNIC INSTITUTE. 0 0 10956492 -7231125 PROGRAM COSTS ARE INCURRED AS PART OF THE OVERALL MISSION OF THE CORPORATION AS A STATE UNIVERSITY OF NEW YORK AFFILIATE, ADVANCING THE ECONOMIC DEVELOPMENT AND EDUCATION AND WORKFORCE TRAINING OF THE STATE OF NEW YORK. 10956492 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 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 1 1 0 0 0 1 11 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 X 11 10 0 0 0 0 1 1 1 1 0 0 0 1 1 1 1 1 0 1 1 1 0 NY X SCOTT BATEMAN 5184378689 257 FULLER ROAD ALBANY NY 12203 BAHGAT SAMMAKIA CHAIRMAN THROUGH 6/29/2021 0.50 0.50 X 0 0 0 BRAD JOHNSON DIRECTOR 0.50 0.50 X 0 0 0 CHRISTINE CHUNG DIRECTOR 0.50 0.50 X 0 0 0 DOREEN HARRIS DIRECTOR AS OF 10/29/2020 0.50 0.50 X 0 0 0 FRANKLIN HECHT DIRECTOR 0.50 0.50 X 0 0 0 JOAN MCDONALD DIRECTOR 0.50 0.50 X 0 0 0 KENNETH TOMPKINS DIRECTOR 0.50 0.50 X 0 0 0 KRISTIN PROUD 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 MICHAEL FRAME DIRECTOR 0.50 0.50 X 0 0 0 DOUGLAS GROSE PRESIDENT/CHAIRMAN AS OF 6/30/2021 9.00 11.00 X X 262769 0 21940 JAMIE COTE COMPLIANCE OFFICER AS OF 12/21/2020 19.00 21.00 X 0 0 0 PATRICIA ARCIERO-CRAIG CAO, ACTING GENERAL COUNSEL 15.00 17.00 X 243861 0 47587 PATRICIA BUCKLIN SECRETARY 19.00 21.00 X 158914 0 14193 PAUL KELLY COO 3.00 5.00 X 176958 0 65977 SCOTT BATEMAN TREASURER 0.50 0.50 X 0 0 0 TIMOTHY TAYLOR CFO 9.00 16.00 X 197638 0 100160 DEBORAH REICHLER DIRECTOR OF FINANCE 19.00 21.00 X 130498 0 48692 THOMAS ALFIERI ASSOCIATE VICE PRESIDENT 40.00 0.00 X 197941 0 33514 1368579 0 332063 6 0 0 1 SEAVEST CORE BUFFALO CONVENTUS LLC 50 FOUNDATION PLAZA C/O CIMINELLI R BUFFALO NY 14202 RENT 1492517 HINMAN STRAUB PC STATE STREET ALBANY NY 12207 LEGAL 344295 KPMG LLP DEPT 0511 PO BOX 120511 DALLAS TX 75312 ACCOUNTING/TAX 118250 KEY SUCCESS LLC 50 FOUNTAIN PLAZA C/O CIMINELLI RE BUFFALO NY 14202 RENTAL OPER EXP 116472 4 10205740 11000000 21205740 7100630 17403595 -10302965 -10302965 -10302965 PAYMENT FROM NY CREATES 900099 1550000 1550000 REIMBURSEMENT - INSURANCE PROCEED 900099 1521840 1521840 INCOME FROM PARTNERSHIP 525990 67605 67605 3139445 14042220 -7231125 67605 0 260694 107591 153103 100735 100735 668271 191548 476723 7024 7024 2089 2089 78 78 2028 863 1165 781974 450672 331302 ECONOMIC DEVELOP. COSTS 9881818 9881818 TRANSFER TO RF SUNY 323922 323922 12028633 10956492 1072141 0 1042009 1106604 0 0 0 0 3075238 3583506 0 0 0 0 0 0 0 0 144915 0 71087889 42020403 38346533 29067486 0 0 0 0 0 0 0 0 84644277 87125035 127252972 120882631 13071766 5174971 0 0 64014153 53976846 0 0 0 0 0 0 27918465 17932593 0 0 494829 19793142 105499213 96877552 X 21753759 24005079 0 0 21753759 24005079 127252972 120882631 X 2013587 237733 X 0 1 X 1 0 X 444591090 52774148 94343741 36772096 21205740 649686815 3268678 5368605 5846155 6004679 7100630 27588747 447859768 58142753 100189896 42776775 28306370 677275562 0 0 0 677275562 26527 944 27471 26527 944 27471 1958585 523930 317630 3071840 5871985 449844880 58667627 100507526 42776775 31378210 683175018 0.99140 0.99780 0.00000 0.00000 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: OTHER - 2016 AMOUNT: $ 1,958,585. 2017 AMOUNT: $ 523,930. 2018 AMOUNT: $ 202,512. 2020 AMOUNT: $ 1,521,840. INCOME FROM PARTNERSHIP - 2018 AMOUNT: $ 115,118. PAYMENT FROM NY CREATES - 2020 AMOUNT: $ 1,550,000. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 6273866 6273866 61118398 39091541 22026857 3695625 2928862 766763 29067486 ASSETS LIMITED TO USE 67636953 RIGHT-OF-USE-ASSETS - OPERATING LEASE 19365184 RESEARCH FOUNDATION FOR THE SUNY 122898 87125035 INTEREST RATE SWAP 189491 LEASE LIABILITY - OPERATING LEASE 19603651 19793142 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 FINANCIAL STATEMENTS AND PRESCRIBES A THRESHOLD OF MORE-LIKELY-THAN-NOT FOR RECOGNITION OF TAX POSITIONS TAKEN IN A TAX RETURN. ASC SUBTOPIC 740-10 ALSO PROVIDES GUIDANCE ON MEASUREMENT, CLASSIFICATION, INTEREST AND PENALTIES, AND DISCLOSURE OF TAX UNCERTAINTIES. MANAGEMENT HAS EVALUATED ASC 740-10 AND HAS DETERMINED THAT THERE ARE NO UNCERTAIN INCOME TAX POSITIONS THAT REQUIRE RECOGNITION IN THE ACOMMPANYING CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEARS ENDED JUNE 30, 2021 AND 2020. X 0 0 0 0 0 0 0 0 0 TIMOTHY TAYLOR CFO 197638 0 0 0 0 0 34200 0 65960 0 297798 0 0 0 PATRICIA ARCIERO-CRAIG CAO, ACTING GENERAL COUNSEL 243861 0 0 0 0 0 21174 0 26413 0 291448 0 0 0 DOUGLAS GROSE PRESIDENT/CHAIRMAN AS OF 6/30/2021 262769 0 0 0 0 0 21883 0 57 0 284709 0 0 0 PAUL KELLY COO 176958 0 0 0 0 0 44343 0 21634 0 242935 0 0 0 THOMAS ALFIERI ASSOCIATE VICE PRESIDENT 197941 0 0 0 0 0 14225 0 19289 0 231455 0 0 0 DEBORAH REICHLER DIRECTOR OF FINANCE 130498 0 0 0 0 0 27058 0 21634 0 179190 0 0 0 PATRICIA BUCKLIN SECRETARY 158914 0 0 0 0 0 13218 0 975 0 173107 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, AND WAS WHOLLY OR PARTIALLY REIMBURSED BY THE CORPORATION. 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 AND WHOLLY OR PARTIALLY REIMBURSED BY THE CORPORATION OR A GRANT. THEREFORE NO EMPLOYEES ARE REPORTED ON FORM 990 PART I, LINE 5 OR PART V, LINE 2A. FORM 990, PART VI, SECTION A, LINE 6 NEW YORK CENTER FOR RESEARCH, ECONOMIC ADVANCEMENT TECHNOLOGY, ENGINEERING AND SCIENCE CORPORATION (NY CREATES) IS THE SOLE MEMBER. FORM 990, PART VI, SECTION A, LINE 7A EACH DIRECTOR OF THE CORPORATION'S MEMBER, NY CREATES, INCLUDING ALL EX-OFFICIO NON-VOTING ADVISORY REPRESENTATIVES, IS DEEMED A DIRECTOR OR ADVISORY REPRESENTATIVE OF THE CORPORATION BY VIRTUE OF BEING A DIRECTOR OR ADVISORY REPRESENTATIVE OF THE MEMBER. THE MEMBER HAS NO POWER TO CONTROL THE BOARD'S ACTIONS. FORM 990, PART VI, SECTION A, LINE 7B A DIRECTOR SHALL BE AUTOMATICALLY REMOVED FROM THE BOARD OF DIRECTORS SIMULTANEOUS WITH THE DIRECTOR'S REMOVAL FROM THE BOARD OF DIRECTORS OF THE MEMBER. THE BY-LAWS AND THE CERTIFICATE OF INCORPORATION MAY BE ADDED TO, AMENDED, REPEALED OR REPLACED ONLY BY THE AGREEMENT OF THE CORPORATION'S MEMBER. IN ADDITION, THE FOLLOWING ITEMS MUST BE APPROVED FIRST BY A MAJORITY VOTE OF THE CORPORATION'S BOARD OF DIRECTORS AND THEN SUBMITTED TO THE MEMBER FOR APPROVAL: (I) AMENDMENT TO THE CORPORATION'S CERTIFICATE 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. 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 AUDITOR. AFTER THE AUDIT COMMITTEE REVIEW, THE FINAL FORM 990 (INCLUDING ALL REQUIRED SCHEDULES) AS ULTIMATELY FILED WITH THE IRS, IS DISTRIBUTED TO EACH PERSON WHO IS A VOTING MEMBER OF THE BOARD OF DIRECTORS AND IS APPROVED BY THE BOARD OF DIRECTORS PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C UNDER THE CONFLICT OF INTEREST AND RELATED PARTY TRANSACTION POLICY, THE 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 THE 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 NOTED 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 PARTIALLY REIMBURSED BY THE CORPORATION, THE AUDIT COMMITTEE, WHICH IS COMPOSED 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. FORM 990, PART VI, LINE 14 - DOCUMENT RETENTION AND DESTRUCTION POLICY THE CORPORATION DID NOT HAVE A FORMAL DOCUMENT RETENTION AND DESTRUCTION POLICY AS OF THE END OF THE TAX YEAR (6/30/21). THE CORPORATION WAS FORMED IN 2009 AND HAS RETAINED ITS RECORDS. IT IS CONSIDERING THE ADOPTION OF A FORMAL POLICY AT THIS TIME. FORM 990, PART XI, LINE 9: CHANGE IN SWAP VALUE 305,338. GAIN FROM PARTNERSHIP INVESTMENT -67,605. QUAD C PHASE I LLC 100 SEYMOUR ROAD UTICA NY 13502 300831216 SUPP OF PROJ NY 0 0 FORT SCHUYLER MANAGEMENT CORPORATION FULLER ROAD MANAGEMENT CORPORATION 257 FULLER ROAD ALBANY NY 12207 RE HOLDING NY 501(C )(25) N/A 0 NY CREATES 257 FULLER ROAD ALBANY NY 12207 SEE PART VII NY 501(C )(3) LINE 10 N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 PART II, LINE 2, COLUMN (B) NY CREATES WAS 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).