2026-05-13T16:48:27-05:00 2025-06-30 135565207 KPMG LLP 515 BROADWAY 4TH FLOOR ALBANY NY 122072974 990 2024-07-01 271459023 FORT SCHUYLER MANAGEMENT CORPORATION FORT 5189567322 257 FULLER ROAD ALBANY NY 12203 TIMOTHY TAYLOR CFO 5189567322 2026-05-13 1 0 STEPHANIE LONCZAK P01880207 5184274600 2026-05-07 2024 2025-03-06 01:10:19Z DAVID ANDERSON 257 FULLER ROAD ALBANY NY 12203 29296791 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. 10 10 0 10 0 0 5185141 2363953 0 0 -695993 18144804 -3092263 -666991 1396885 19841766 0 0 0 0 0 0 0 0 0 7392023 4258345 7392023 4258345 -5995138 15583421 101330907 112376866 71238749 66701287 30092158 45675579 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 3304390 0 16942611 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. 3304390 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 6 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 X 10 10 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 0 1 1 1 0 NY X TIMOTHY TAYLOR 5189567417 257 FULLER ROAD ALBANY NY 12203 JASMINKA HUSIC DIRECTOR, AS OF 6/12/25 0.50 1.00 X 0 0 0 TERRENCE DALY DIRECTOR, AS OF 4/7/25 0.50 1.00 X 0 0 0 JOAN MCDONALD DIRECTOR 0.50 1.00 X 0 0 0 DR ANDREA GOLDSMITH DIRECTOR, AS OF 6/12/25 0.50 1.00 X 0 0 0 KRISTIN PROUD DIRECTOR 0.50 1.00 X 0 0 0 MENG-LING HSIAO DIRECTOR 0.50 1.00 X 0 0 0 MICHAEL ABBOTT DIRECTOR 0.50 1.00 X 0 0 0 DOUGLAS GROSE CHAIR 0.50 1.00 X 0 72692 0 HEATHER HAGE DIRECTOR 0.50 1.00 X 0 0 0 MICHAEL CADIGAN DIRECTOR, AS OF 6/13/25 0.50 1.00 X 0 0 0 PATRICIA BUCKLIN SECRETARY 19.00 21.00 X 187984 0 19325 PAUL KELLY VP STRATEGY, PSHIPS & NV, & COO 3.00 5.00 X 283236 0 44969 SCOTT BATEMAN TREASURER 0.50 1.00 X 0 0 0 TIMOTHY TAYLOR VP CORPORATE FINANCE & CFO 9.00 16.00 X 246552 0 129144 REBECCA BORDEN GENERAL COUNSEL 15.00 17.00 X 209772 0 34081 DAVID ANDERSON PRESIDENT 9.00 11.00 X 423795 0 54493 WILLIAM BRONNER V.P. OF HUMAN RESOURCES 9.00 16.00 X 230164 0 58875 THOMAS ALFIERI ASSOCIATE VP , THRU 3/31/25 40.00 0.00 X 233272 0 51983 PATRICIA ARCIERO-CRAIG PAST CAO,ACT GEN COUNSEL 0.00 0.00 X 456367 0 23457 2271142 72692 416327 8 1 1 1 HINMAN STRAUB PC STATE STREET ALBANY NY 12207 LEGAL 141698 1 2363953 2363953 535202 535202 1897636 7064627 -5166991 -5166991 -5166991 20000000 2390398 17609602 17609602 17609602 PAYMENT FROM NY CREATES 900099 4500000 4500000 4500000 19841766 16942611 0 535202 X 32934 1440 31494 62850 62850 931337 333033 598304 11216 11216 14646 14646 841409 605964 235445 ECONOMIC DEVELOPMENT CO 2363953 2363953 4258345 3304390 953955 0 3142895 22815577 0 0 0 0 137798 115312 0 0 0 0 0 0 0 0 0 0 29812005 11828452 21100357 17983553 0 0 0 0 0 0 0 0 76949857 71462424 101330907 112376866 5308358 2312957 0 0 49457263 49028903 0 0 0 0 0 0 0 0 0 0 16473128 15359427 71238749 66701287 X 30092158 45675579 0 0 30092158 45675579 101330907 112376866 15583421 0 X 0 1 X 1 0 X 21205740 13592325 8956194 5185141 2363953 51303353 7100630 5858320 5529915 88940 1897636 20475441 28306370 19450645 14486109 5274081 4261589 71778794 0 0 0 71778794 26667 111125 535202 672994 26667 111125 535202 672994 3071840 3329283 4569180 4466403 4500000 19936706 31378210 22779928 19081956 9851609 9296791 92388494 0.77690 0.87630 0.00730 0.00110 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: INCOME FROM PARTNERSHIP - 2021 AMOUNT: $ 92,877. OTHER - 2020 AMOUNT: $ 1,521,840. 2021 AMOUNT: $ 208,026. PAYMENT FROM NY CREATES - 2020 AMOUNT: $ 1,550,000. 2021 AMOUNT: $ 3,028,380. 2022 AMOUNT: $ 4,569,180. 2023 AMOUNT: $ 4,466,403. 2024 AMOUNT: $ 4,500,000. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 6273866 6273866 20018294 8527828 11490466 3519845 3300624 219221 17983553 ASSETS LIMITED TO USE 57533390 RIGHT-OF-USE-ASSETS - OPERATING LEASE 13751545 RESEARCH FOUNDATION FOR THE SUNY 177489 71462424 LEASE LIABILITY - OPERATING LEASE 15359427 15359427 X PART X, LINE 2: FASB ASC 740 FOOTNOTE: THE CORPORATION APPLIES THE PROVISIONS OF ASC 740-10, ACCOUNTING FOR UNCERTAINTY OF INCOME TAXES, WHICH ADDRESSES ACCOUNTING FOR UNCERTAINTIES IN INCOME TAXES RECOGNIZED IN AN ENTITY'S CONSOLIDATED FINANCIAL STATEMENTS AND PRESCRIBES A THRESHOLD OF MORE-LIKELY THAN-NOT FOR RECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. ASC 740-10 ALSO PROVIDES GUIDANCE ON MEASUREMENT, CLASSIFICATION, INTEREST AND PENALTIES, AND DISCLOSURE OF TAX UNCERTAINTIES. MANAGEMENT HAS EVALUATED ASC 740-10 AND CONCLUDED THAT THERE ARE NO UNCERTAIN TAX POSITIONS THAT IMPACT THE CORPORATION'S CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEARS ENDED JUNE 30, 2025 AND 2024. X 1 0 0 0 0 0 0 1 0 PATRICIA ARCIERO-CRAIG PAST CAO,ACT GEN COUNSEL 117098 0 0 0 339269 0 7094 0 16363 0 479824 0 0 0 DAVID ANDERSON PRESIDENT 423795 0 0 0 0 0 24152 0 30341 0 478288 0 0 0 TIMOTHY TAYLOR VP CORPORATE FINANCE & CFO 246552 0 0 0 0 0 27145 0 101999 0 375696 0 0 0 PAUL KELLY VP STRATEGY, PSHIPS & NV, & COO 273236 0 10000 0 0 0 16899 0 28070 0 328205 0 0 0 WILLIAM BRONNER V.P. OF HUMAN RESOURCES 230164 0 0 0 0 0 24128 0 34747 0 289039 0 0 0 THOMAS ALFIERI ASSOCIATE VP , THRU 3/31/25 233272 0 0 0 0 0 16899 0 35084 0 285255 0 0 0 REBECCA BORDEN GENERAL COUNSEL 199772 0 10000 0 0 0 4480 0 29601 0 243853 0 0 0 PATRICIA BUCKLIN SECRETARY 185484 0 2500 0 0 0 18803 0 522 0 207309 0 0 0 PART I, LINE 4A DURING THE CALENDAR YEAR 2024, THE RESEARCH FOUNDATION FOR THE STATE UNIVERSITY OF NEW YORK (THE "RESEARCH FOUNDATION") ENTERED INTO A SEPARATION AGREEMENT AND GENERAL RELEASE WITH PATRICIA ARCIERO-CRAIG FOLLOWING HER DEPARTURE IN CONNECTION WITH EMPLOYMENT THROUGH THE RESEARCH FOUNDATION AS VICE PRESIDENT OF POLICY, ACTING GENERAL COUNSEL AND CHIEF ADMINISTRATIVE OFFICER OF THE NEW YORK CENTER FOR RESEARCH, ECONOMIC ADVANCEMENT, TECHNOLOGY, ENGINEERING AND SCIENCE CORP. ("NYCREATES"), FULLER ROAD MANAGEMENT CORPORATION ("FRMC") AND FORT SCHUYLER MANAGEMENT CORPORATION ("FSMC"). THE SEVERANCE PAYMENT REPORTED IS REPORTED IN SCHEDULE J, PART II, COLUMN(B)(III). PART I, LINE 7 THE BONUSES ARE ALL IN RECOGNITION OF THE EFFORTS OF THE INDIVIDUAL EMPLOYEES ABOVE AND BEYOND THEIR NORMAL DUTIES. PART II - COMPENSATION FROM UNRELATED ORGANIZATIONS COMPENSATION FOR TIMOTHY TAYLOR WAS PAID BY THE STATE UNIVERSITY OF NEW YORK, AN UNRELATED ENTITY. 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. THE HOURS LISTED ON PART VII AS BEING DEVOTED TO THE ORGANIZATION AND RELATED ORGANIZATIONS, MAY BE LESS THAN 40 HOURS, AS ONLY A PORTION OF THEIR TIME WAS SPENT WORKING FOR THE REPORTING ORGANIZATION AND ITS RELATED ORGANIZATIONS, AS REPORTED ON SCHEDULE R. FORM 990, PART I, LINE 5 & PART V, LINE 2A - NUMBER OF EMPLOYEES COMPENSATION FOR DOUGLAS GROSE WAS PAID BY NY CREATES, A RELATED ENTITY, AS AN INDEPENDENT CONTRACTOR. DOUGLAS GROSE'S COMPENSATION REPORTED WAS FOR JANUARY UNTIL APRIL 2024 PRIOR TO HIM BECOMING CHAIRMAN OF THE BOARD IN MAY 2024. THE REMAINING EIGHT INDIVIDUALS INCLUDED IN FORM 990 PART VII LINE 1A WERE PAID BY UNRELATED ORGANIZATIONS AND 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 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 (6/30/25). 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 IX, LINE 11G CONTRACTED SERVICES: PROGRAM SERVICE EXPENSES 333,033. MANAGEMENT AND GENERAL EXPENSES 598,304. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 931,337. 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 141772760 RE HOLDING NY 501(C)(25) NY CREATES 0 NY CREATES 257 FULLER ROAD ALBANY NY 12207 844046818 SCIENTIFIC RESEARCH, EDUCATION, ECONOMIC DEVELOPMENT 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