SCIENCE PARK DEVELOPMENT CORPORATION: Form 990, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- SCIENCE PARK DEVELOPMENT CORPORATION (EIN 06-1062368)
- Tax period
- 2011-01-01 to 2011-12-31
- Filed
- 2012-05-14
- IRS object ID
- 201211359349301631
- Schema version
- 2011v1.2
- 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) |
|---|---|---|
| Timestamp | 2012-05-14T14:06:15-05:00 | Timestamp |
| Tax Period End Date | 2011-12-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 364382562 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MARCUM LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 555 LONG WHARF DRIVE | AddressLine1 |
| City | NEW HAVEN | City |
| State | CT | State |
| ZIP Code | 06515 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2011-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 061062368 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SCIENCE PARK DEVELOPMENT CORPORATION | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | SCIE | NameControl |
| Phone | 2037850840 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 25 SCIENCE PARK SUITE 103 | AddressLine1 |
| City | NEW HAVEN | City |
| State | CT | State |
| ZIP Code | 06511 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | SHEILA M ANASTAS | Name |
| Title | EXECUTIVE DIRECTOR & CONTROLLER | Title |
| Phone | 2037850840 | Phone |
| Date Signed | 2012-05-14 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | JOHN MEZZANOTTE | Name |
| PTIN | P01319984 | PTIN |
| Phone | 2037771099 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2011 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | SHEILA M ANASTAS | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 25 SCIENCE PARK SUITE 103 | AddressLine1 |
| City | NEW HAVEN | City |
| State | CT | State |
| ZIP Code | 06511 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 4861471 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | N/A | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1981 | YearFormation |
| State Legal Domicile | CT | StateLegalDomicile |
| Activity Or Mission Description | 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. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 9 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 9 | NbrIndependentVotingMembers |
| Total Nbr Employees | 1 | TotalNbrEmployees |
| Total Nbr Volunteers | 0 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 0 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 0 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 2750535 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 2385191 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 10472 | InvestmentIncomePriorYear |
| Investment Income Current Year | 3185 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 0 | OtherRevenuePriorYear |
| Other Revenue Current Year | 0 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 2761007 | TotalRevenuePriorYear |
| Total Revenue Current Year | 2388376 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 0 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 0 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 118832 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 120453 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 3968095 | OtherExpensePriorYear |
| Other Expenses Current Year | 4141094 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 4086927 | TotalExpensesPriorYear |
| Total Expenses Current Year | 4261547 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -1325920 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | -1873171 | RevenuesLessExpensesCY |
| Total Assets BOY | 16442182 | TotalAssetsBOY |
| Total Assets EOY | 15361058 | TotalAssetsEOY |
| Total Liabilities BOY | 15675908 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 16468815 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 766274 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | -1107757 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | 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. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 3861862 | Expense |
| Revenue | 2386621 | Revenue |
| Description | 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 AND HIGH TECHNOLOGY FIRMS, INCLUDING LIFE SCIENCE AND LIGHT MANUFACTURING AND ASSEMBLY 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.THE SCIENCE PARK PLANNED DEVELOPMENT DISTRICT EMPLOYMENT SURVEY TALLIED APPROXIMATELY 31 COMPANIES; FROM EXPANDING START-UP VENTURES TO MATURE ENTERPRISES AND DIVISIONS OF MULTINATIONAL CORPORATIONS. THESE ENTITIES EMPLOY OVER 1,200 PEOPLE IN THE PARK. 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) COMMITTED $14 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 CONNECTICUT DEVELOPMENT AUTHORITY (CDA) AND DEPARTMENT OF ECONOMIC AND COMMUNITY DEVELOPMENT (DECD) PREVIOUS COMMITMENTS TO THE PARK. THE MAJOR PORTION OF THE CHFA FUNDS WERE USED TO RENOVATE AND EXPAND A 102,000 SQUARE FOOT OFFICE/LAB BUILDING THAT IS NOW LEASED AND OCCUPIED; PRIMARILY TO COMPANIES IN THE BIOTECH FIELD. GROUND LEASE TRANSACTIONS IN 2000 AND SUBSEQUENTLY, BETWEEN SPDC AND A FORMER DEVELOPER RESULTED IN THE INFILL AND RENOVATION OF A 267,000 SQ. FT. OFFICE/LAB BUILDING, RENOVATION OF PARKING LOTS ENCOMPASSING APPROXIMATELY 250 PARKING SPACES, AND DEMOLITION OF FIVE ABANDONED AND DERELICT BUILDINGS. BEGINNING IN 2007, ANOTHER DEVELOPER ASSUMED THREE GROUND LEASES. UNDER THESE AND SUBSEQUENT LEASES, ADDITIONAL ABANDONED BUILDINGS WERE DEMOLISHED, A STRUCTURED PARKING GARAGE FOR OVER ONE THOUSAND VEHICLES WAS COMPLETED IN 2009, A VACANT FACTORY WAS RENOVATED FOR OFFICE AND TECHNOLOGY TENANTS AND IS NOW OVER 60% OCCUPIED, AND A CHILLED WATER FACILITY SHELL WAS COMPLETED IN 2011.IN 2007, SPDC ISSUED AN RFQ FOR DEVELOPMENT OF A SEVEN ACRE ABANDONED, DERELICT, MULTI-BUILDING TRACT IN SCIENCE PARK. IN 2011, A COMMERCIAL GROUND LEASE ENCOMPASSING PART OF THIS TRACT RESULTED IN ONE OF THE FASTEST GROWING COMPANIES IN THE COUNTRY BUILDING AND/OR RENOVATING THREE BUILDINGS. PERIPHERAL AGREEMENTS ENCOMPASS TWO ADDITIONAL SPDC TRACTS. A REDEVELOPMENT AGREEMENT, WITH A JOINT VENTURE COMPRISED OF NATIONAL AND REGIONAL DEVELOPERS, WAS ALSO EXECUTED IN 2011 FOR SEVERAL OF THE REMAINING PARCELS.SCIENCE PARK IS, AND WILL CONTINUE TO BE, A VIBRANT, INTEGRAL PART OF SURROUNDING NEIGHBORHOODS, NEW HAVEN, AND CONNECTICUT AS A WHOLE. | Description |
| Total Program Service Expense | 3861862 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 0 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 0 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 0 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 0 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 0 | GrantsToIndividuals |
| Schedule J Required | 0 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 1 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 0 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 1 | DisregardedEntity |
| Related Entity | 0 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transaction Related Entity | 0 | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 16 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 1 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 0 | UnrelatedBusinessIncome |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributions |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 9 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 9 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 0 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 0 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 0 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | CT | StatesWhereCopyOfReturnIsFiled |
| Other Website | X | OtherWebsite |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SHEILA ANASTAS | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 2037850840 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 25 SCIENCE PARK SUITE 103 | AddressLine1 |
| City | NEW HAVEN | City |
| State | CT | State |
| ZIP Code | 06511 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (11 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer |
|---|---|---|---|---|---|---|
| BRUCE D ALEXANDER | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| RICHARD R BARREDO | ||||||
| TREASURER; DIRECTOR | 1.00 | X | 0 | 0 | 0 | X |
| KELLY MURPHY | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| PETER A PENCZER | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| CURT M RICHARDS | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| MICHAEL A SCHAFFER | ||||||
| VICE PRESIDENT; DIRECTOR | 1.00 | X | 0 | 0 | 0 | X |
| DAVID SILVERSTONE | ||||||
| BOARD CHAIRMAN/PRESIDENT | 8.00 | X | 60000 | 0 | 0 | X |
| JEROME E TURECK | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| CHARLES H BREWER III | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| SHEILA M ANASTAS | ||||||
| EXECUTIVE DIRECTOR & CONTR | 35.00 | 79080 | 0 | 14409 | X | |
| JOSEPH C LEE | ||||||
| SECRETARY | 1.00 | 0 | 0 | 0 | X | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 139080 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 14409 | TotalOtherCompensation |
| Number Individuals GT100 K | 0 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 0 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| FUSCO MANAGEMENT CO LLC | |||||
| 555 LONG WHARF DRIVE | NEW HAVEN | CT | 06511 | FACILITIES MANAGEMENT | 222958 |
| LECLAIRRYAN | |||||
| PO BOX 2499 | RICHMOND | VA | 232182499 | LEGAL SERVICES | 180642 |
| JOHN J BRENNAN CONSTRUCTION INC | |||||
| PO BOX 788 | SHELTON | CT | 06484 | PAVING SERVICES | 159420 |
| MURPHY SECURITY SERVICES | |||||
| PO BOX 356 | NEW BRITAIN | CT | 06050 | SECURITY SERVICES | 157044 |
| COLLIERS INTERNATIONAL | |||||
| 864 WETHERSFIELD AVE | HARTFORD | CT | 06114 | BROKERAGE SERVICES | 129998 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 5 | NumberOfContractorsGT100K |
Program Service Revenue ProgramServiceRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | PROG.SERV.REVENUE | Description |
| Business Code | 531120 | BusinessCode |
| Total Revenue Column | 2385191 | TotalRevenueColumn |
| Related Or Exempt Function Income | 2385191 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 2385191 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 1727 | TotalRevenueColumn |
| Exclusion | $1,727 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 2465991 | Securities |
| Other | 8562 | Other |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 2465963 | Securities |
| Other | 7132 | Other |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 28 | Securities |
| Other | 1430 | Other |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 1458 | TotalRevenueColumn |
| Related Or Exempt Function Income | 1430 | RelatedOrExemptFunctionIncome |
| Exclusion | $28 | ExclusionAmount |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 2388376 | TotalRevenueColumn |
| Related Or Exempt Function Income | 2386621 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $1,755 | ExclusionAmount |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 109168 | Total |
| Management And General | 109168 | ManagementAndGeneral |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 11285 | Total |
| Management And General | 11285 | ManagementAndGeneral |
Fees For Services Management FeesForServicesManagement
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 143000 | Total |
| Program Services | 143000 | ProgramServices |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 128913 | Total |
| Program Services | 26802 | ProgramServices |
| Management And General | 102111 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 33400 | Total |
| Management And General | 33400 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 306561 | Total |
| Program Services | 266765 | ProgramServices |
| Management And General | 39796 | ManagementAndGeneral |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 17500 | Total |
| Management And General | 17500 | ManagementAndGeneral |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 17466 | Total |
| Program Services | 9594 | ProgramServices |
| Management And General | 7872 | ManagementAndGeneral |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 42528 | Total |
| Management And General | 42528 | ManagementAndGeneral |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 777703 | Total |
| Program Services | 777703 | ProgramServices |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 769370 | Total |
| Program Services | 754673 | ProgramServices |
| Management And General | 14697 | ManagementAndGeneral |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 180905 | Total |
| Program Services | 165550 | ProgramServices |
| Management And General | 15355 | ManagementAndGeneral |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral |
|---|---|---|---|
| UTILITIES | 760161 | 760161 | |
| REPAIRS & MAINTENANCE | 357799 | 357799 | |
| PROPERTY & OTHER TAXES | 334877 | 332473 | 2404 |
| BUILDING SECURITY | 267342 | 267342 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3569 | Total |
| Management And General | 3569 | ManagementAndGeneral |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4261547 | Total |
| Program Services | 3861862 | ProgramServices |
| Management And General | 399685 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 96041 | BOY |
| EOY | 146643 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 124121 | BOY |
| EOY | 80983 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 238889 | BOY |
| EOY | 120813 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 162597 | BOY |
| EOY | 286072 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 23871263 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 9832991 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 14142137 | BOY |
| EOY | 14038272 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1299572 | BOY |
| EOY | 210566 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 378825 | BOY |
| EOY | 477709 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 16442182 | BOY |
| EOY | 15361058 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 306548 | BOY |
| EOY | 518744 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 15270991 | BOY |
| EOY | 15270991 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 98369 | BOY |
| EOY | 679080 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 15675908 | BOY |
| EOY | 16468815 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 766274 | BOY |
| EOY | -1107757 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 766274 | BOY |
| EOY | -1107757 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 16442182 | BOY |
| EOY | 15361058 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | -1873171 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | -860 | ReconcilationOtherChanges |
| Info In Schedule O Part XII | X | InfoInScheduleOPartXII |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org509a2 | X | PubliclySupportedOrg509a2 |
Gross Receipts From Admissions GrossReceiptsFromAdmissions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 4858480 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 3978807 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 3616343 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 2750535 | CurrentTaxYearMinus1Year |
| Current Tax Year | 2385191 | CurrentTaxYear |
| Total | 17589356 | Total |
Total509 Total509
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 4858480 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 3978807 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 3616343 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 2750535 | CurrentTaxYearMinus1Year |
| Current Tax Year | 2385191 | CurrentTaxYear |
| Total | 17589356 | Total |
Amts Recd From Disqual Persons AmtsRecdFromDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Amts From Subst Contributors AmtsFromSubstContributors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Support From DQ Ps Etc SupportFromDQPsEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total509 | 17589356 | PublicSupportTotal509 |
Gross Investment Income509 GrossInvestmentIncome509
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 133001 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 96928 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 28921 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 11524 | CurrentTaxYearMinus1Year |
| Current Tax Year | 1727 | CurrentTaxYear |
| Total | 272101 | Total |
Investment Income And UBTI InvestmentIncomeAndUBTI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 133001 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 96928 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 28921 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 11524 | CurrentTaxYearMinus1Year |
| Current Tax Year | 1727 | CurrentTaxYear |
| Total | 272101 | Total |
Total Support Total TotalSupportTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 4991481 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 4075735 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 3645264 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 2762059 | CurrentTaxYearMinus1Year |
| Current Tax Year | 2386918 | CurrentTaxYear |
| Total | 17861457 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Percentage509 | 0.98480 | PublicSupportPercentage509 |
| Prior Year Support Percentage | 0.92620 | PriorYearSupportPercentage |
| Investment Income Percentage | 0.01520 | InvestmentIncomePercentage |
| Prior Yr Invest Income Percentage | 0.01870 | PriorYrInvestIncomePercentage |
| Thirty Three Percnt Tests CY509 | X | ThirtyThreePercntTestsCY509 |
Schedule D IRS990ScheduleD
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 2544401 | OtherCostOrOtherBasis |
| Book Value | 2544401 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 21300685 | OtherCostOrOtherBasis |
| Depreciation | 9811610 | Depreciation |
| Book Value | 11489075 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 26177 | OtherCostOrOtherBasis |
| Depreciation | 21381 | Depreciation |
| Book Value | 4796 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 14038272 | TotalOfBookValueLandBuildings |
Other Liabilities OtherLiabilities (3 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| SECURITY DEPOSITS | $73,840 |
| REFUNDABLE ADVANCES | $16,665 |
| ACCRUED INTEREST | $588,575 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 679080 | TotalOfAmounts |
| Total Revenue | 2388376 | TotalRevenue |
| Total Expenses | 4261547 | TotalExpenses |
| Excess Or Deficit For Year | -1873171 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | -860 | NetUnrealizedGLOnInvestments |
| Total Adjustments | -860 | TotalAdjustments |
| Excess Or Deficit Per FS | -1874031 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 2388376 | TotRevenueEtcAuditedFinclStmt |
| Revenue Not Rptd F990 | 0 | RevenueNotRptdF990 |
| Revenue Subtotal | 2388376 | RevenueSubtotal |
| Revenue Not Rptd On Fin Stmt | 0 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 2388376 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 4261547 | TotExpensesEtcAuditedFinclStmt |
| Expenses Not Rptd F990 | 0 | ExpensesNotRptdF990 |
| Expenses Subtotal | 4261547 | ExpensesSubtotal |
| Expenses Not Rptd On Fin Stmt | 0 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 4261547 | TotalExpensesPerForm990 |
Schedule L IRS990ScheduleL
Form990 Schedule L Part IV Form990ScheduleLPartIV (2 entries)
| RelationshipRelationship | Description Of TransactionDescriptionOfTransaction | Sharing Of RevenuesSharingOfRevenues | Amount Of TransactionAmountOfTransaction |
|---|---|---|---|
| CURT RICHARDS | |||
| DIRECTOR OF SPDC AND VP ENVIRONMENTAL HEALTH & SAFETY OLIN CORP | OLIN CORP IS RESPONSIBLE UNDER CT LAW FOR CERTAIN REMEDIATION ACTIVITIES ON SITES OWNED BY SCIENCE PARK. | 0 | |
| SM ANASTAS AND ASSOCIATES LLC | |||
| ENTITY IS WHOLLY-OWNED BY SHEILA M. ANASTAS, EXEC DIRECTOR AND CONTOLLER | CONSULTING SERVICES. | 0 | 27000 |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (8 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| FORM 990, PART VI, SECTION A, LINE 8B | THE COMMITTEES HAVE NO AUTHORITY TO ACT WITHOUT BOARD APPROVAL. | |
| FORM 990, PART VI, SECTION B, LINE 11 | 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, ARE MADE AVAILABLE TO THE PUBLIC BY THE STATE OF CONNECTICUT PUBLIC CHARITY UNIT WEB SITE AFTER THE ORGANIZATION FILES WITH THE STATE EACH YEAR. THE ORGANIZATION'S CERTIFICATE OF ORGANIZATION AND BY-LAWS ARE AVAILABLE AT THE CONNECTICUT SECRETARY OF STATE'S OFFICE. THE CONFLICT OF INTEREST POLICY IS AVAILABLE UPON REQUEST. | |
| FORM 990, PART VI, SECTION C, LINE 19 | THE CORPORATION'S ANNUAL FORM 990, INCLUDING FINANCIAL STATEMENTS, ARE MADE AVAILABLE TO THE PUBLIC BY THE STATE OF CONNECTICUT PUBLIC CHARITY UNIT WEB SITE AFTER THE ORGANIZATION FILES WITH THE STATE EACH YEAR. THE ORGANIZATION'S CERTIFICATE OF ORGANIZATION AND BY-LAWS ARE AVAILABLE AT THE CONNECTICUT SECRETARY OF STATE'S OFFICE. THE CONFLICT OF INTEREST POLICY IS AVAILABLE UPON REQUEST. | |
| FORM 990, PART XI, LINE 5: | NET UNREALIZED LOSSES ON INVESTMENTS: -860. | CHANGES IN NET ASSETS OR FUND BALANCES: |
| FORM 990, PART XI, LINE 2C: | THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. |
Schedule R IRS990ScheduleR
Form990 Schedule R Part I Form990ScheduleRPartI (8 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EINEIN | Primary ActivitiesPrimaryActivities | Legal Domicile StateLegalDomicileState | Total IncomeTotalIncome | EOY AssetsEOYAssets | Business Name Line1DirectControllingEntityName/BusinessNameLine1 |
|---|---|---|---|---|---|---|---|---|---|
| SPDC BUILDING 25 LLC | |||||||||
| 25 SCIENCE PARK | NEW HAVEN | CT | 065111968 | 061600554 | REAL ESTATE HOLDING & MANAGEMENT | CT | 132201 | 23725 | SCIENCE PARK DEVELOPMENT CORPORATION |
| WINCHESTERMUNSON AVE PARKING LLC | |||||||||
| 25 SCIENCE PARK | NEW HAVEN | CT | 065111968 | 061600555 | REAL ESTATE HOLDING & MANAGEMENT | CT | -270 | 0 | SCIENCE PARK DEVELOPMENT CORPORATION |
| SPDC TRACT A LLC | |||||||||
| 25 SCIENCE PARK | NEW HAVEN | CT | 065111968 | 752986784 | REAL ESTATE HOLDING & MANAGEMENT | CT | -202830 | 1296569 | SCIENCE PARK DEVELOPMENT CORPORATION |
| SPDC TRACT B LLC | |||||||||
| 25 SCIENCE PARK | NEW HAVEN | CT | 065111968 | 752986778 | REAL ESTATE HOLDING & MANAGEMENT | CT | 21466 | 525 | SCIENCE PARK DEVELOPMENT CORPORATION |
| SPDC TRACT D LLC | |||||||||
| 25 SCIENCE PARK | NEW HAVEN | CT | 065111968 | 460465458 | REAL ESTATE HOLDING & MANAGEMENT | CT | -17449 | 0 | SCIENCE PARK DEVELOPMENT CORPORATION |
| SPDC TRACT E LLC | |||||||||
| 25 SCIENCE PARK | NEW HAVEN | CT | 065111968 | 061619712 | REAL ESTATE HOLDING & MANAGEMENT | CT | -13345 | 28574 | SCIENCE PARK DEVELOPMENT CORPORATION |
| SPDC TRACT J LLC | |||||||||
| 25 SCIENCE PARK | NEW HAVEN | CT | 065111968 | 061614619 | REAL ESTATE HOLDING & MANAGEMENT | CT | -15299 | 143569 | SCIENCE PARK DEVELOPMENT CORPORATION |
| SPDC 110 MUNSON LLC | |||||||||
| 25 SCIENCE PARK | NEW HAVEN | CT | 065111968 | 680489628 | REAL ESTATE HOLDING & MANAGEMENT | CT | -8374 | 60362 | SCIENCE PARK DEVELOPMENT CORPORATION |
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