NY CREATES

ALBANY, NY, 12203-3613 (518) 956-7322 Est. 2018 EIN 84-4046818

U40— Science & Technology Form 990 501(c)(3)

Mission

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).

Financials

Total Revenue

$17,502,814

Total Expenses

$11,442,867

Net Assets

$7,494,911

10 volunteers

From latest filing (tax period ending 2023-06-30)

Financial Health

Operating Reserve

7.9 months Healthy

Net assets / monthly expenses

Year-over-Year Change

Revenue ↑ 164.6%

Expenses ↑ 116.7%

Revenue Sources

Contributions 28.6% Other 71.0%

Expense Breakdown

Program 100.0%

Officers & Key Employees (16)

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Grants Received (1)

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Filing History (3 filings)

Year	Revenue	Expenses	Net Assets
2022 Form 990	$17,502,814 ↑	$11,442,867	$7,494,911
2021 Form 990	$6,615,819 ↑	$5,280,820	$1,434,964
2020 Form 990	$4,450,000	$4,350,035	$99,965