2022-05-13T14:36:08-05:00 2021-06-30 135565207 KPMG LLP 515 BROADWAY 4TH FLOOR ALBANY NY 122072974 990 2020-07-01 844046818 NEW YORK CENTER FOR RESEARCH ECONOMIC ADVANCEMENT TECHNOLOGY ENGINEERING AND NEWY 5189567322 257 FULLER RD 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 X NY CREATES DAVID ANDERSON 257 FULLER RD ALBANY NY 12203 4450000 0 X NY-CREATES.ORG X 2018 NY THE NEW YORK CENTER FOR RESEARCH, ECONOMIC ADVANCEMENT, TECHNOLOGY, ENGINEERING AND SCIENCE CORPORATION (NY CREATES) 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). 11 10 0 12 0 0 0 0 0 4450000 4450000 0 0 0 0 0 4350035 4350035 99965 99965 0 99965 X THE NEW YORK CENTER FOR RESEARCH, ECONOMIC ADVANCEMENT, TECHNOLOGY, ENGINEERING AND SCIENCE CORPORATION (NY CREATES) 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). 0 0 4350035 4450000 NY CREATES RECEIVED A PAYMENT IN THE AMOUNT OF $4,450,000 FROM FULLER ROAD MANAGEMENT CORPORATION. 4350035 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 0 1 1 0 0 0 1 0 0 0 0 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 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 1.00 19.00 X X 262769 0 21940 JAMIE COTE COMPLIANCE OFFICER AS OF 12/21/2020 1.00 39.00 X 0 0 0 PATRICIA ARCIERO-CRAIG CAO, ACTING GENERAL COUNSEL 1.00 31.00 X 243861 0 47587 PATRICIA BUCKLIN SECRETARY 1.00 39.00 X 158914 0 14193 PAUL KELLY COO 1.00 7.00 X 176958 0 65977 SCOTT BATEMAN TREASURER 0.50 0.50 X 0 0 0 TIMOTHY TAYLOR CFO 1.00 24.00 X 197638 0 100160 DEBORAH REICHLER DIRECTOR OF FINANCE 1.00 39.00 X 130498 0 48692 1170638 0 298549 6 0 0 1 0 PAYMENT FROM FRMC 900099 4450000 4450000 4450000 4450000 4450000 0 0 35 35 1550000 1550000 PAYMENT TO THE RF 2800000 2800000 4350035 4350035 0 0 0 99965 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 0 99965 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 0 99965 0 0 0 99965 0 99965 99965 0 X 0 1 X 1 0 X 0 0 4450000 4450000 4450000 X 0 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 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. 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 SIX INDIVIDUALS INCLUDED IN FORM 990 PART VII LINE 1A WERE PAID BY UNRELATED ORGANIZATIONS. THEREFORE NO EMPLOYEES ARE REPORTED ON FORM 990 PART I, LINE 5 OR PART V, LINE 2A. FORM 990, BOX C THE NAME OF THE ORGANIZATION WAS TRUNCATED ON FORM 990, BOX C DUE TO CHARACTER LIMITATIONS IN THIS FIELD. THE COMPLETE NAME OF THE ORGANIZATION IS: NEW YORK CENTER FOR RESEARCH, ECONOMIC ADVANCEMENT TECHNOLOGY, ENGINEERING AND SCIENCE CORPORATION. FORM 990, PART VI, SECTION A, LINE 6 ON DECEMBER 18, 2019 NY CREATES BECAME THE SOLE MEMBER OF TWO EXISTING AFFILIATED TAX-EXEMPT CORPORATIONS, FULLER ROAD MANGEMENT CORPORATION (FRMC) AND FORT SCHUYLER MANAGEMENT CORPORATION (FSMC), THUS REPLACING THEIR THEN EXISTING MEMBERS, THE RESEARCH FOUNDATION FOR THE STATE UNIVERSITY OF NEW YORK (THE RESERCH FOUNDATION) AND SUNY POLYTECHNIC FOUNDATION, INC (SPF). CONCURRENTLY, THE RESEARCH FOUNDATION AND SPF BECAME THE MEMBERS OF NY CREATES. FORM 990, PART VI, SECTION A, LINE 7A THE RESEARCH FOUNDATION FOR THE STATE UNIVERSITY OF NEW YORK (THE RESEARCH FOUNDATION) AND SUNY POLYTECHNIC FOUNDATION, INC (SPF) ARE THE MEMBERS OF THE CORPORATION. FOUR DIRECTORS ARE APPOINTED BY SPF, ONE OF WHOM SHALL BE APPOINTED UPON THE RECOMMENDATION OF THE NEW YORK STATE URBAN DEVELOPMENT CORPORATION D/B/A EMPIRE STATE DEVELOPMENT (ESD) AND ONE OF WHOM SHALL BE APPOINTED UPON THE RECOMMENDATION OF THE STATE UNIVERSITY OF NEW YORK ("SUNY"); FOUR DIRECTORS ARE APPOINTED BY THE RESEARCH FOUNDATION, ONE OF WHOM SHALL BE APPOINTED UPON THE RECOMMENDATION OF ESD AND ONE OF WHOM SHALL BE APPOINTED UPON THE RECOMMENDATION OF SUNY; AND THREE DIRECTORS FROM THE PUBLIC AT LARGE OF WHOM SHALL BE ELECTED UPON THE UNANIMOUS CONSENT OF THE MEMBERS AND WITH THE CONSENT OF ESD. IN ADDITION, ESD'S PRESIDENT AND CEO, OR HIS/HER DESIGNEE, AND THE CHANCELLOR OF SUNY, OR HIS/HER DESIGNEE SERVE AS NON-VOTING, NON-FIDUCIARY ADVISORY REPRESENTATIVES TO THE BOARD. THE MEMBERS WITH THE ABILITY TO APPOINT BOARD DIRECTORS, HAVE NO POWER TO CONTROL THE BOARD'S DECISIONS. FORM 990, PART VI, SECTION A, LINE 7B THE BY-LAWS AND THE CERTIFICATE OF INCORPORATION MAY BE ADDED TO, AMENDED, REPEALED OR REPLACED ONLY BY THE AGREEMENT OF THE CORPORATION'S MEMBERS. IN ADDITION, UNDER THE BYLAWS, THE FOLLOWING ITEMS MUST BE APPROVED FIRST BY A MAJORITY VOTE OF THE CORPORATION'S BOARD OF DIRECTORS AND THEN SUBMITTED TO THE MEMBERS FOR APPROVAL: (I) AMENDMENT TO THE CORPORATION'S CETIFICATE 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, (IV) ADMISSION OF ADDITIONAL MEMBERS INTO THE CORPORATION, AND (IV) ANY CHANGE TO THE MISSION OR PURPOSE 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 AUDITORS. AFTER THE AUDIT COMMITTEE REVIEWS, THE FINAL FORM 990 AND ALL REQUIRED SCHEDULES IS DISTRIBUTED TO EACH VOTING BOARD DIRECTOR AND IS APPROVED BY THE BOARD OF DIRECTORS PRIOR TO FILING THE FORM 990 WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C UNDER THE CONFLICT OF INTEREST AND RELATED PARTY TRANSACTION POLICY, 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 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 VOTED 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 WHOLLY OR PARTIALLY REIMBURSED BY THE CORPORATION OR RELATED ORGANIZATIONS, THE AUDIT COMMITTEE, COMPRISED 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 2018 AND HAS RETAINED ITS RECORDS. IT IS CONSIDERING THE ADOPTION OF A FORMAL POLICY AT THIS TIME. FULLER ROAD MANAGEMENT CORPORATION 257 FULLER ROAD ALBANY NY 12207 RE HOLDING NY 501(C)(25) NY CREATES 1 FORT SCHUYLER MANAGEMENT CORPORATION 257 FULLER ROAD ALBANY NY 12207 SUPPORT SUNY POLY MISSION NY 501(C)(3) LINE 10 NY CREATES 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 FORT SCHUYLER MANAGEMENT CORPORATION R 1550000 ACTUAL PAYMENTS FULLER ROAD MANAGEMENT CORPORATION S 4450000 ACTUAL PAYMENTS