SCIENCE PARK DEVELOPMENT CORPORATION: Form 990, tax year 2017
View the entire original 990 at ProPublica ↗
- Organization
- SCIENCE PARK DEVELOPMENT CORPORATION (EIN 06-1062368)
- Tax period
- 2017-01-01 to 2017-12-31
- Filed
- 2018-10-11
- IRS object ID
- 201802849349301610
- Schema version
- 2017v2.3
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2018-10-11T13:52:37-05:00 | ReturnTs |
| Tax Period End | 2017-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 364382562 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MARCUM LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 555 LONG WHARF DRIVE | AddressLine1Txt |
| City | NEW HAVEN | CityNm |
| State Abbreviation | CT | StateAbbreviationCd |
| ZIP | 06515 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2017-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 061062368 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SCIENCE PARK DEVELOPMENT CORPORATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | SCIE | BusinessNameControlTxt |
| Phone | 2037850840 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5 SCIENCE PARK | AddressLine1Txt |
| City | NEW HAVEN | CityNm |
| State Abbreviation | CT | StateAbbreviationCd |
| ZIP | 06511 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | CLIO NICOLAKIS | PersonNm |
| Person Title | EXECUTIVE DIRECTOR & CONTROLLER | PersonTitleTxt |
| Phone | 2037850840 | PhoneNum |
| Signature | 2018-10-10 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | GREGORY C MARAZITA | PreparerPersonNm |
| PTIN | P00646516 | PTIN |
| Phone | 2037771099 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2017 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | CLIO NICOLAKIS | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5 SCIENCE PARK | AddressLine1Txt |
| City | NEW HAVEN | CityNm |
| State Abbreviation | CT | StateAbbreviationCd |
| ZIP | 06511 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $2,694,510 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.SCIENCEPARKNEWHAVEN.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1981 | FormationYr |
| Legal Domicile State | CT | LegalDomicileStateCd |
| Activity Or Mission | A UNIVERSITY RELATED TECHNOLOGY AND RESEARCH BUSINESS PARK LOCATED IN A STATE DESIGNATED ENTERPRISE ZONE. DESIGNED TO ATTRACT RESEARCH AND HIGH TECHNOLOGY FIRMS TO THE NEW HAVEN COMMUNITY. | ActivityOrMissionDesc |
| Voting Members Governing Body | 9 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 9 | VotingMembersIndependentCnt |
| Total Employee | 1 | TotalEmployeeCnt |
| Total Volunteers | 9 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $0 | PYContributionsGrantsAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $2,666,274 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $2,589,593 | CYProgramServiceRevenueAmt |
| PY Investment Income | $1,615 | PYInvestmentIncomeAmt |
| CY Investment Income | $4,546 | CYInvestmentIncomeAmt |
| PY Other Revenue | $0 | PYOtherRevenueAmt |
| CY Other Revenue | $100,000 | CYOtherRevenueAmt |
| PY Total Revenue | $2,667,889 | PYTotalRevenueAmt |
| CY Total Revenue | $2,694,139 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $0 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $86,019 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $150,620 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $3,957,553 | PYOtherExpensesAmt |
| CY Other Expenses | $3,823,158 | CYOtherExpensesAmt |
| PY Total Expenses | $4,043,572 | PYTotalExpensesAmt |
| CY Total Expenses | $3,973,778 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | -$1,375,683 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$1,279,639 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $15,542,872 | TotalAssetsBOYAmt |
| Total Assets EOY | $15,056,586 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $19,494,583 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $20,285,054 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | -$3,951,711 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | -$5,228,468 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | COMPLETE THE DEVELOPMENT/REDEVELOPMENT OF SCIENCE PARK AND ITS ENVIRONS FOR THE PURPOSE OF INCREASING EMPLOYMENT IN THE CITY OF NEW HAVEN IN GENERAL AND THE DIXWELL AND NEWHALLVILLE NEIGHBORHOODS IN PARTICULAR, INCREASING THE TAX BASE IN THE CITY OF NEW HAVEN, ATTRACTING RESEARCH AND TECHNOLOGICAL ENTERPRISES, AND THE EXTENT COMPATIBLE WITH THE FOREGOING, INCREASING THE VARIETY OF HOUSING IN SCIENCE PARK AND ITS ENVIRONS. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $3,782,737 | ExpenseAmt |
| Revenue | $2,689,222 | RevenueAmt |
| Desc | SCIENCE PARK DEVELOPMENT CORPORATION ("SPDC") WAS ESTABLISHED IN AUGUST OF 1981 AS A PART OF A COOPERATIVE EFFORT BY THE CITY OF NEW HAVEN, CONNECTICUT, YALE UNIVERSITY, AND OLIN CORPORATION TO MOBILIZE THEIR CONSIDERABLE RESOURCES TO CREATE A NEW ECONOMIC BASE AT THE SITE OF A MULTI-TRACT, PREDOMINATELY VACANT, INDUSTRIAL COMPLEX ADJACENT TO THE YALE SCIENCE HILL CAMPUS AND IN NEW HAVEN'S STATE-DESIGNATED ENTERPRISE ZONE. IT'S GOAL IS TO FURTHER THE REVITALIZATION OF THE CITY OF NEW HAVEN THROUGH THE DEVELOPMENT AND ENHANCEMENT OF EMPLOYMENT OPPORTUNITIES FOR AREA RESIDENTS, RELIEF OF POVERTY AND NEIGHBORHOOD TENSION, AND THE PREVENTION OF BLIGHT AND DETERIORATION IN THE SURROUNDING DIXWELL-NEWHALLVILLE NEIGHBORHOOD AREAS. THE PARK ATTRACTS START-UP BIOTECH AND TECHNOLOGY FIRMS, INCLUDING LIFE SCIENCE, HIGH TECHNOLOGY, WEB APP DEVELOPMENT, FINANCIAL TECHNOLOGY, AND LIGHT MANUFACTURING INDUSTRIES. AS A HOME BASE FOR THESE COMPANIES, SPDC PROVIDES ECONOMIC BENEFITS TO THE CITY OF NEW HAVEN AS A WHOLE, AND OFFERS INDIRECT EMPLOYMENT OPPORTUNITIES TO AREA RESIDENTS. IN ADDITION, SPDC HAS MADE OFFICE SPACE AVAILABLE TO SEVERAL SOCIAL SERVICE AND EDUCATIONAL ORGANIZATIONS, WHICH DIRECTLY SERVE THE FAMILIES IN THE NEIGHBORHOOD AND THROUGHOUT NEW HAVEN. SCIENCE PARK TALLIES OVER 30 COMPANIES AND NOT-FOR-PROFIT ORGANIZATIONS WITH OVER 1300 PEOPLE IN THE SCIENCE PARK PLANNED DEVELOPMENT DISTRICT. TENANT COMPANIES AT SCIENCE PARK ARE PART OF A DYNAMIC R&D COMMUNITY AND CAMPUS-LIKE ENVIRONMENT. THESE COMPANIES BENEFIT BY ASSOCIATION AND USE OF FACILITIES WITH NEARBY YALE UNIVERSITY. IN JULY OF 1998, THE CONNECTICUT HOUSING FINANCE AUTHORITY ("CHFA") AND THE DEPARTMENT OF ECONOMIC AND COMMUNITY DEVELOPMENT ("DECD") COMMITTED $15 MILLION TO DEMOLISH OBSOLETE STRUCTURES, AND TO REHABILITATE AND/OR CONSTRUCT NEW BUILDINGS IN THE PARK. YALE UNIVERSITY PROVIDED SUPPORTING FUNDS DURING CONSTRUCTION ACTIVITIES, OLIN CORPORATION APPROVED DONATION OF ADDITIONAL LAND AND FACILITIES, AND THE CITY OF NEW HAVEN PROVIDED CONTRIBUTIONS IN THE FORM OF CAPITAL IMPROVEMENTS. THESE WERE IN ADDITION TO PREVIOUS COMMITMENTS TO THE PARK FROM THE CONNECTICUT DEVELOPMENT AUTHORITY ("CDA", NOW CONNECTICUT INNOVATIONS INC. "CII") AND DECD. THE MAJOR PORTION OF THESE FUNDS WERE USED TO RENOVATE AND EXPAND 140,000 SQUARE FOOT OFFICE/LAB BUILDINGS THAT ARE NOW LEASED AND OCCUPIED; PRIMARILY TO COMPANIES IN THE BIOTECH FIELD. SINCE 2000, THROUGH VARIOUS GROUND LEASES WITH DEVELOPERS, OFFICE/LAB BUILDINGS AND PARKING LOTS HAVE BEEN RENOVATED AND ABANDONED AND DERELICT BUILDINGS HAVE BEEN DEMOLISHED. IN ADDITION, A 1000-CAR PARKING STRUCTURE, CHILLER PLANT AND PARKING LOTS HAVE BEEN CONSTRUCTED AND HISTORIC FACTORY BUILDINGS HAVE BEEN RENOVATED INTO AN OFFICE BUILDING (2011) AND 158 LOFT-STYLE RESIDENTIAL APARTMENTS (2015).IN 2014, TWO OF THE GROUND LEASES WERE SOLD TO THE OWNERS OF THE BUILDINGS THEREON. SIMULTANEOUSLY, THE CII AND CHFA LOANS WERE REFINANCED. AS A RESULT OF THE REFINANCING, REPAYMENT TERMS WERE CHANGED AND THE REMAINING PROCEEDS WERE SET ASIDE FOR WORKING CAPITAL AND FUTURE INVESTMENT AND REMEDIATION OF THE REMAINING SPDC-OWNED PROPERTIES AS WELL AS MUCH-NEEDED REPAIRS TO EXISTING OFFICE AND LAB SPACE BUILDINGS. CLOSE TO $500,000 IN REPAIRS WERE COMPLETED IN 2015 AND SINCE 2014, OVER $1.5 MILLION WAS INVESTED IN THE ENVIRONMENTAL ASSESSMENT AND DEVELOPMENT DESIGN FOR THE UNDEVELOPED REMAINS OF SCIENCE PARK USING THESE PROCEEDS AND DECD GRANT MONIES, NOT INCLUDING ADDITIONAL FUNDS SPENT BY SPDC'S DEVELOPMENT PARTNER.IN 2016 & 2017, THE S*PARK INNOVATION LAB WAS EXPANDED IN 5 SCIENCE PARK TO HOUSE START-UP OR EARLY-STAGE BIOTECH COMPANIES IN SHARED LAB SPACES. IN 2017, SPDC PARTICIPATED IN THE ELM CITY INNOVATION COLLABORATIVE ("ECIC") APPLICATION TO CTNEXT, A QUASI-PUBLIC AGENCY FOR THE STATE OF CONNECTICUT, FOR AN INNOVATION PLACES GRANT. ECIC WAS AWARDED A $2,000,000 GRANT. AS PART OF ECIC'S GRANT AGREEMENT, SPDC IS TO RECEIVE A TOTAL OF $485,000 TO INVEST IN AND EXPAND THE INFRASTRUCTURE OF LIFE SCIENCE SUPPORT SERVICES IN SCIENCE PARK, FOR BOTH SPDC TENANTS AND THE BIOTECH COMMUNITY IN NEW HAVEN. GRANT REIMBURSEMENTS TOTALING $485,000 ARE EXPECTED TO BE RECEIVED IN 2018, WITH MATCHING FUNDS OF AT LEAST $410,000 EXPECTED TO BE CONTRIBUTED BY SPDC AND THE TENANT THAT PROVIDES THESE LIFE SCIENCE SUPPORT SERVICES.SPDC CONTINUES TO ACTIVELY SEEK NEW DEVELOPMENT PARTNERS IN ORDER TO COMPLETE THE DEVELOPMENT OF THE REMAINING 300,000 SQUARE FEET OF UNRENOVATED STRUCTURES IN SCIENCE PARK, CONSISTENT WITH THE GOALS OF ITS MISSION. IN DECEMBER 2017, THE CORPORATION ENTERED INTO A SIX MONTH EXCLUSIVE REDEVELOPMENT AGREEMENT WITH A NEW YORK CITY DEVELOPER TO EXPLORE REDEVELOPMENT OF CERTAIN PORTIONS OF SCIENCE PARK.SCIENCE PARK WITH ITS GROWING BIOTECH ECOSYSTEM, AS WELL AS THE STRONG BASE OF SOCIAL SERVICE AND NOT-FOR-PROFIT ORGANIZATIONS, CONTINUES TO BE, A VIBRANT, INTEGRAL PART OF SURROUNDING NEIGHBORHOODS, NEW HAVEN, AND CONNECTICUT AS A WHOLE. | Desc |
| Total Program Service Expenses | $3,782,737 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | 0 | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Temp Or Permanent Endowments | 0 | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (1) | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | 0 | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | Yes (1) | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | Yes (1) | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 16 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 1 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Form8899 Filedind | 0 | Form8899Filedind |
| Form1098 C Filed | 0 | Form1098CFiledInd |
| DAF Excess Business Holdings | 0 | DAFExcessBusinessHoldingsInd |
| Taxable Distributions | 0 | TaxableDistributionsInd |
| Distribution To Donor | 0 | DistributionToDonorInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 9 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 9 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | 0 | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | CT | StatesWhereCopyOfReturnIsFldCd |
| Other Website | Yes (X) | OtherWebsiteInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CLIO NICOLAKIS | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 2037850840 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5 SCIENCE PARK | AddressLine1Txt |
| City | NEW HAVEN | CityNm |
| State Abbreviation | CT | StateAbbreviationCd |
| ZIP | 06511 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (11 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | OfficerOfficerInd |
|---|---|---|---|---|---|---|
| BRUCE D ALEXANDER | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| RICHARD R BARREDO | ||||||
| TREASURER; DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | Yes (X) |
| PETER A PENCZER | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| CURT M RICHARDS | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| MICHAEL A SCHAFFER | ||||||
| VICE PRESIDENT; DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | Yes (X) |
| DAVID SILVERSTONE | ||||||
| BOARD CHAIRMAN/PRESIDENT | 15.00 | Yes (X) | $60,000 | $0 | $0 | Yes (X) |
| JEROME E TURECK | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| CHARLES H BREWER III | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| MATTHEW NEMERSON | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| CLIO NICOLAKIS | ||||||
| EXECUTIVE DIRECTOR & ASST SECRETARY | 30.00 | $83,200 | $0 | $0 | Yes (X) | |
| NICLAS A FERLAND | ||||||
| SECRETARY | 1.00 | $0 | $0 | $0 | Yes (X) | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $143,200 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $0 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 0 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | 0 | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp
Contractor Name ContractorName
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PERFORMANCE ENVIRONMENTAL SERVICES LLC | BusinessNameLine1Txt |
Contractor Address ContractorAddress
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 111 KENDALL STREET | AddressLine1Txt |
| City | NEW HAVEN | CityNm |
| State Abbreviation | CT | StateAbbreviationCd |
| ZIP | 06512 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Services | CLEANING SERVICES | ServicesDesc |
| Compensation | $113,153 | CompensationAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 1 | CntrctRcvdGreaterThan100KCnt |
Program Service Revenue ProgramServiceRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | PROG.SERV.REVENUE | Desc |
| Business | 531120 | BusinessCd |
| Total Revenue Column | $2,589,593 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $2,589,593 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $2,589,593 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $4,917 | TotalRevenueColumnAmt |
| Exclusion | $4,917 | ExclusionAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $371 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | -$371 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$371 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | -$371 | RelatedOrExemptFuncIncomeAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | BAD DEBT RECOVERY | Desc |
| Business | 531120 | BusinessCd |
| Total Revenue Column | $100,000 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $100,000 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $100,000 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $2,694,139 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $2,689,222 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $4,917 | ExclusionAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $143,200 | TotalAmt |
| Program Services | $42,000 | ProgramServicesAmt |
| Management And General | $101,200 | ManagementAndGeneralAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,420 | TotalAmt |
| Management And General | $7,420 | ManagementAndGeneralAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $173,615 | TotalAmt |
| Program Services | $173,615 | ProgramServicesAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $12,709 | TotalAmt |
| Program Services | $7,223 | ProgramServicesAmt |
| Management And General | $5,486 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $34,000 | TotalAmt |
| Management And General | $34,000 | ManagementAndGeneralAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,489 | TotalAmt |
| Management And General | $2,489 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $11,975 | TotalAmt |
| Program Services | $8,802 | ProgramServicesAmt |
| Management And General | $3,173 | ManagementAndGeneralAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,275 | TotalAmt |
| Management And General | $3,275 | ManagementAndGeneralAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $83,444 | TotalAmt |
| Program Services | $60,545 | ProgramServicesAmt |
| Management And General | $22,899 | ManagementAndGeneralAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $755,978 | TotalAmt |
| Program Services | $755,978 | ProgramServicesAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $720,914 | TotalAmt |
| Program Services | $718,699 | ProgramServicesAmt |
| Management And General | $2,215 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $110,497 | TotalAmt |
| Program Services | $104,106 | ProgramServicesAmt |
| Management And General | $6,391 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt |
|---|---|---|---|
| UTILITIES | $860,925 | $860,925 | |
| REPAIRS & MAINTENANCE | $438,986 | $438,986 | |
| PROPERTY & OTHER TAXES | $323,865 | $321,830 | $2,035 |
| BUILDING SECURITY | $224,718 | $224,718 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $65,768 | TotalAmt |
| Program Services | $65,310 | ProgramServicesAmt |
| Management And General | $458 | ManagementAndGeneralAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,973,778 | TotalAmt |
| Program Services | $3,782,737 | ProgramServicesAmt |
| Management And General | $191,041 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $13,646 | BOYAmt |
| EOY | $157,524 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $359,147 | BOYAmt |
| EOY | $382,694 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $637,984 | BOYAmt |
| EOY | $506,701 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $206,177 | BOYAmt |
| EOY | $213,250 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $26,871,811 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $13,519,237 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $13,912,935 | BOYAmt |
| EOY | $13,352,574 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $224,025 | BOYAmt |
| EOY | $228,804 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $188,958 | BOYAmt |
| EOY | $215,039 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $15,542,872 | BOYAmt |
| EOY | $15,056,586 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $252,693 | BOYAmt |
| EOY | $340,977 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $14,777,954 | BOYAmt |
| EOY | $14,701,538 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,463,936 | BOYAmt |
| EOY | $5,242,539 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $19,494,583 | BOYAmt |
| EOY | $20,285,054 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | -$3,951,711 | BOYAmt |
| EOY | -$5,228,468 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | -$3,951,711 | BOYAmt |
| EOY | -$5,228,468 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $15,542,872 | BOYAmt |
| EOY | $15,056,586 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | -$1,279,639 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $2,882 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org509a2 | Yes (X) | PubliclySupportedOrg509a2Ind |
Gifts Grants Contris Rcvd509 GiftsGrantsContrisRcvd509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $484,681 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $19,022 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $196,297 | CurrentTaxYearMinus2YearsAmt |
| Total | $700,000 | TotalAmt |
Gross Receipts Admissions GrossReceiptsAdmissionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $2,545,717 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $5,457,136 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $2,507,416 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $2,666,274 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $2,689,593 | CurrentTaxYearAmt |
| Total | $15,866,136 | TotalAmt |
Total509 Total509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $3,030,398 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $5,476,158 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $2,703,713 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $2,666,274 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $2,689,593 | CurrentTaxYearAmt |
| Total | $16,566,136 | TotalAmt |
Amounts Rcvd Dsqlfy Person AmountsRcvdDsqlfyPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Substantial Contributors Amt SubstantialContributorsAmtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Subst And Dsqlfy Prsns Tot SubstAndDsqlfyPrsnsTotGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total509 | $16,566,136 | PublicSupportTotal509Amt |
Gross Investment Income509 GrossInvestmentIncome509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $446 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $141 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $1,702 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $1,796 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $4,917 | CurrentTaxYearAmt |
| Total | $9,002 | TotalAmt |
Investment Income And UBTI InvestmentIncomeAndUBTIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $446 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $141 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $1,702 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $1,796 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $4,917 | CurrentTaxYearAmt |
| Total | $9,002 | TotalAmt |
Total Support Calendar Year TotalSupportCalendarYearGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $3,030,844 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $5,476,299 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $2,705,415 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $2,668,070 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $2,694,510 | CurrentTaxYearAmt |
| Total | $16,575,138 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support CY509 | 0.99950 | PublicSupportCY509Pct |
| Public Support PY509 | 0.99970 | PublicSupportPY509Pct |
| Investment Income CY | 0.00050 | InvestmentIncomeCYPct |
| Investment Income PY | 0.00030 | InvestmentIncomePYPct |
| Thirty Thr Pct Suprt Tests CY509 | Yes (X) | ThirtyThrPctSuprtTestsCY509Ind |
Schedule D IRS990ScheduleD
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $6,045,482 | OtherCostOrOtherBasisAmt |
| Book Value | $6,045,482 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $20,789,454 | OtherCostOrOtherBasisAmt |
| Depreciation | $13,497,803 | DepreciationAmt |
| Book Value | $7,291,651 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $36,875 | OtherCostOrOtherBasisAmt |
| Depreciation | $21,434 | DepreciationAmt |
| Book Value | $15,441 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $13,352,574 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)
| DescDesc | AmtAmt |
|---|---|
| SECURITY DEPOSITS | $268,084 |
| ACCRUED INTEREST | $4,898,039 |
| CURRENT PORTION OF LONG TERM DEBT | $76,416 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $5,242,539 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $2,597,021 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $2,882 | NetUnrealizedGainsInvstAmt |
| Revenue Not Reported | $2,882 | RevenueNotReportedAmt |
| Revenue Subtotal | $2,594,139 | RevenueSubtotalAmt |
| Other Revenues Not Included | $100,000 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | $100,000 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $2,694,139 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $3,873,778 | TotExpnsEtcAuditedFinclStmtAmt |
| Other Expenses Included | -$100,000 | OtherExpensesIncludedAmt |
| Expenses Not Reported | -$100,000 | ExpensesNotReportedAmt |
| Expenses Subtotal | $3,973,778 | ExpensesSubtotalAmt |
| Expenses Not Rpt Fincl Stmt | $0 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $3,973,778 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART X, LINE 2: | THE CORPORATION HAS BEEN RECOGNIZED BY THE INTERNAL REVENUE SERVICE AS A NOT-FOR-PROFIT CORPORATION AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS EXEMPT FROM FEDERAL INCOME TAXES ON RELATED INCOME PURSUANT TO SECTION 501(A) OF THE CODE. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE ORGANIZATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN AND HAS CONCLUDED THAT AS OF DECEMBER 31, 2017, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE CORPORATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS PENDING OR IN PROGRESS. |
| PART XI, LINE 4B - OTHER ADJUSTMENTS: | BAD DEBT RECOVERY 100,000. |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | BAD DEBT RECOVERY -100,000. |
Schedule L IRS990ScheduleL
Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp
Name Of Interested NameOfInterested
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | CURT RICHARDS | PersonNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship Description | DIRECTOR OF SPDC AND VP OF ENVIRONMENTAL HEALTH & SAFETY AT OLIN CORP | RelationshipDescriptionTxt |
| Transaction | OLIN CORP IS RESPONSIBLE UNDER CT LAW FOR CERTAIN REMEDIATION ACTIVITIES ON SITES OWNED BY SCIENCE PARK DEVELOPMENT COPORATION. | TransactionDesc |
| Sharing Of Revenues | 0 | SharingOfRevenuesInd |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (6 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION B, LINE 11B | ALL MEMBERS OF THE BOARD OF DIRECTORS (GOVERNING BODY) ARE PROVIDED WITH A COPY OF THE FORM 990 PRIOR TO IT BEING SIGNED, AND REQUESTED TO PROVIDE THEIR COMMENTS, QUESTIONS OR CONCERNS. |
| FORM 990, PART VI, SECTION B, LINE 12C | ALL OFFICERS, DIRECTORS AND KEY EMPLOYEES ARE REQUIRED TO DISCLOSE TO THE PRESIDENT ANNUALLY, BY THE DATE OF THE ANNUAL MEETING, INTERESTS THAT COULD GIVE RISE TO CONFLICTS. WHEN A CONFLICT OF INTEREST REQUIRES ACTION BY THE BOARD, THE PRESIDENT SHALL CALL IT TO THE ATTENTION OF THE BOARD. |
| FORM 990, PART VI, SECTION B, LINE 15A | THE CORPORATION HAS ONE EMPLOYEE WHOSE COMPENSATION IS DETERMINED BY THE PRESIDENT, WHO RELIES ON HIS KNOWLEDGE OF THE MARKETPLACE FOR PEOPLE OF SIMILAR SKILLS AND RESPONSIBILITIES. THE SALARY IS ADJUSTED ANNUALLY AND APPROVED BY THE BOARD. THE CHAIRMAN AND PRESIDENT'S COMPENSATION IS DETERMINED BY THE BOD WITH REFERENCE TO HIS KNOWLEDGE, EXPERIENCE AND LEVEL OF RESPONSIBILITY. |
| FORM 990, PART VI, SECTION C, LINE 18 | THE CORPORATION'S ANNUAL FORM 990, INCLUDING FINANCIAL STATEMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST. THE ORGANIZATION'S CERTIFICATE OF ORGANIZATION AND BY-LAWS ARE AVAILABLE AT THE CONNECTICUT SECRETARY OF STATE'S OFFICES. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE CORPORATION'S ANNUAL FORM 990, INCLUDING FINANCIAL STATEMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST. THE ORGANIZATION'S CERTIFICATE OF ORGANIZATION AND BY-LAWS ARE AVAILABLE AT THE CONNECTICUT SECRETARY OF STATE'S OFFICES. |
| FORM 990, PART XI, LINE 2C: | THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. |
Schedule R IRS990ScheduleR
Id Disregarded Entities IdDisregardedEntitiesGrp (5 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Total IncomeTotalIncomeAmt | End Of Year AssetsEndOfYearAssetsAmt | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt |
|---|---|---|---|---|---|---|---|---|---|
| SPDC TRACT A LLC | |||||||||
| 5 SCIENCE PARK | NEW HAVEN | CT | 065111968 | 752986784 | REAL ESTATE HOLDING & MANAGEMENT | CT | $20,000 | $3,223,169 | SCIENCE PARK DEVELOPMENT CORPORATION |
| SPDC TRACT D LLC | |||||||||
| 5 SCIENCE PARK | NEW HAVEN | CT | 065111968 | 460465458 | REAL ESTATE HOLDING & MANAGEMENT | CT | $559 | SCIENCE PARK DEVELOPMENT CORPORATION | |
| SPDC TRACT E LLC | |||||||||
| 5 SCIENCE PARK | NEW HAVEN | CT | 065111968 | 061619712 | REAL ESTATE HOLDING & MANAGEMENT | CT | $500,000 | SCIENCE PARK DEVELOPMENT CORPORATION | |
| SPDC TRACT J LLC | |||||||||
| 5 SCIENCE PARK | NEW HAVEN | CT | 065111968 | 061614619 | REAL ESTATE HOLDING & MANAGEMENT | CT | $143,364 | SCIENCE PARK DEVELOPMENT CORPORATION | |
| SPDC 110 MUNSON LLC | |||||||||
| 5 SCIENCE PARK | NEW HAVEN | CT | 065111968 | 680489628 | REAL ESTATE HOLDING & MANAGEMENT | CT | $60,362 | SCIENCE PARK DEVELOPMENT CORPORATION | |
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