Civic Intelligence

Downstate Technology Center Inc.

990 • Fiscal year 2010 • EIN 11-3600385

Jul 01, 2009 to Jun 30, 2010 • Filed on May 13, 2011

Organization ProfileWWW.DOWNSTATE.EDU
450 Clarkson Ave Box 6511203
Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

99th percentile

13.94x

Higher debt load relative to assets than 99% of similar nonprofits.

2010 filings • NTEE S • $1M-$5M nonprofits • Source year 2010

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2010

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2010

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2010

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2010

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Balance Sheet
Liabilities / Assets99th percentile

Assets

$199,875

No earlier filing loaded for comparison.

Net Assets

-$2,586,713

No earlier filing loaded for comparison.

Liabilities

$2,786,588

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

-

No earlier filing loaded for comparison.

Expenses

$1,265,946

No earlier filing loaded for comparison.

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$6.0M$4.0M$2.0M$0-$2.0M-$4.0MAssets 2010: $199,875Liabilities 2010: $2,786,588Net Assets 2010: -$2,586,7132010Assets 2011: $183,625Liabilities 2011: $2,917,194Net Assets 2011: -$2,733,5692011Assets 2012: $423,586Liabilities 2012: $3,077,050Net Assets 2012: -$2,653,4642012Assets 2013: $307,910Liabilities 2013: $2,994,245Net Assets 2013: -$2,686,3352013Assets 2014: $290,586Liabilities 2014: $1,490,238Net Assets 2014: -$1,199,6522014Assets 2015: $328,565Liabilities 2015: $1,933,188Net Assets 2015: -$1,604,6232015Assets 2016: $634,219Liabilities 2016: $940,672Net Assets 2016: -$306,4532016Assets 2017: $1,044,754Liabilities 2017: $1,283,536Net Assets 2017: -$238,7822017Assets 2018: $1,753,684Liabilities 2018: $805,312Net Assets 2018: $948,3722018Assets 2019: $2,532,324Liabilities 2019: $865,734Net Assets 2019: $1,666,5902019Assets 2020: $2,973,920Liabilities 2020: $1,130,589Net Assets 2020: $1,843,3312020Assets 2021: $3,152,319Liabilities 2021: $996,971Net Assets 2021: $2,155,3482021Assets 2022: $3,493,508Liabilities 2022: $830,344Net Assets 2022: $2,663,1642022Assets 2023: $4,034,760Liabilities 2023: $772,957Net Assets 2023: $3,261,8032023Assets 2024: $4,793,757Liabilities 2024: $955,470Net Assets 2024: $3,838,2872024

Highlighted filing

2010

Assets$199,875
Liabilities$2,786,588
Net Assets-$2,586,713
Open 2010 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$4.0M$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $1,265,9462010Expenses 2011: $1,242,7232011Expenses 2012: $1,077,3982012Revenue 2013: $1,007,654Expenses 2013: $1,040,525Net Income 2013: -$32,8712013Revenue 2014: $2,555,141Expenses 2014: $1,068,458Net Income 2014: $1,486,6832014Revenue 2015: $724,722Expenses 2015: $1,129,693Net Income 2015: -$404,9712015Revenue 2016: $2,559,406Expenses 2016: $1,261,236Net Income 2016: $1,298,1702016Revenue 2017: $1,750,432Expenses 2017: $1,682,761Net Income 2017: $67,6712017Revenue 2018: $2,857,002Expenses 2018: $1,669,848Net Income 2018: $1,187,1542018Revenue 2019: $2,528,930Expenses 2019: $1,810,712Net Income 2019: $718,2182019Revenue 2020: $1,893,742Expenses 2020: $1,717,001Net Income 2020: $176,7412020Revenue 2021: $2,271,383Expenses 2021: $1,959,366Net Income 2021: $312,0172021Revenue 2022: $2,642,146Expenses 2022: $2,134,330Net Income 2022: $507,8162022Revenue 2023: $2,713,773Expenses 2023: $2,115,134Net Income 2023: $598,6392023Revenue 2024: $3,055,622Expenses 2024: $2,479,138Net Income 2024: $576,4842024

Highlighted filing

2010

Revenue-
Expenses$1,265,946
Net Income-
Open 2010 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2009 to Jun 30, 2010
Signed
May 13, 2011
Return Version
2009v1.7
Gross Receipts
$1,145,664
Mission and Program Overview

Mission

See schedule odownstate technology center, inc. (dtc) was formed to provide an environment in which new and technologically innovative businesses can develop scientific and medical research that can be translated into commercially viable high technology products and services and/or rental space in incubator and research facilities in brooklyn, new york. To accomplish this, dtc has designed and developed and currently operates state-of-the-art incubator facilities where it leases wet laboratory and office space to biotechnology and other life sciences companies to conduct cutting edge research and development.

Major Activities

Activity 2
DTC develops and offers rental space that meets the requirements of new and technologically innovative businesses. DTC manages two buildings, and as of June 2010, served 10 tenants in one building and 5 tenants in the other.
Filing and Contact Details

Filer

EIN
11-3600385
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IRS990/ActivityOrMissionDescription0See schedule o for continuation Downstate Technology Center, Inc. (DTC) was formed to help provide an environment in which new and technologically innovative businesses can develop scientific and medical research into commercially viable products and services. This is principally accomplished by developing and offering rental space that can accommodate the needs of such businesses, and developing programs to foster the growth of an appropriate labor force.
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IRS990/MissionDescription0Downstate Technology Center, Inc. (DTC) was formed to help provide an environment in which new and technologically innovative businesses can develop scientific and medical research into commercially viable products and services. This is principally accomplished by developing and offering rental space that can accommodate the needs of such businesses, and developing programs to foster the growth of an appropriate labor force.
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IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation0DTC recognizes the effect of tax positions only when they are more likely than not of being sustained. Management has determined that DTC has no uncertain tax positions that would require financial statement recognition or disclosure. DTC is no longer subject to audits by the applicable taxing jurisdictions for periods prior to June 30, 2008.
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IRS990ScheduleD/OtherLiabilities/Description1Due to State U. of NY Downstate Medical Center
IRS990ScheduleD/OtherLiabilities/Description2Due to Research Foundation of State U of NY
IRS990ScheduleD/OtherLiabilities/Description3Due to health science center at brooklyn foundation, inc.
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IRS990ScheduleI/Form990ScheduleIPartIV/Explanation0Schedule I, Part I, Line 2: Downstate Technology Center provides students at Hunter College who have a grade of B or higher in the Biotechnology Workshop with a scholarship. The scholarship opportunity was advertised to students prior to enrollment, and it is independent from any other scholarships that the student may be qualified for. DTC verifies students are eligible for this scholarship by obtaining a copy of their transcript, which shows that they were enrolled in the workshop, and that their grade is at least a B.
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IRS990ScheduleO/GeneralExplanation/Explanation0The organization has two members: The Research Foundation of the State University of New York and the Health Science Center at Brooklyn Foundation Inc.
IRS990ScheduleO/GeneralExplanation/Explanation1Each member of the organization is allowed to elect four trustees to represent them. In addition, the members elect two trustees jointly. The trustees direct the management and operation of the corporation.
IRS990ScheduleO/GeneralExplanation/Explanation2Downstate Technology Center Inc. has its form 990 prepared by an outside accounting firm and has established the following review process to ensure that the information reported is complete and accurate. After the Form 990 has been prepared, reviewed by management and is ready to be filed with the Internal Revenue Service, it is presented to the Audit Committee of the Board of Trustees for review. Any comments are then grouped, summarized and provided to the outside accountants. Each issue is documented and addressed until the return is finalized and approved for filing.
IRS990ScheduleO/GeneralExplanation/Explanation3The conflict of interest policy applies to directors, and officers of the organization. The conflict of interest policy is not updated annually. It is the responsibility of the board members to notify DTC of any potential conflicts as they arise. The Board of Directors will determine, based on the facts, if a conflict actually exists. If the Board determines that a conflict exists, the affected director shall abstain from voting on the matter. The affected director may participate in discussions on the matter in question only if asked for information by a majority of the remaining Board members. The affected director must withdraw from the meeting concerning the matter in question if requested by the remaining Board members. The minutes of the Board shall reflect the actions of the Board of Director and the affected director.
IRS990ScheduleO/GeneralExplanation/Explanation4Form 990, Part VI, Line 15a and 15b Downstate Technology Center is related to SUNY Downstate Medical Center and the Research Foundation of SUNY, which pay employee salaries directly through their payroll departments. The costs for salary and fringe benefits are then charged back to DTC. Salaries are determined by class and compensation based on grade and position title. The State and Research Foundation system have specific guidelines on salary and grade level based on job responsibilities.
IRS990ScheduleO/GeneralExplanation/Explanation5The Exempt Organization makes its form 990 available for public inspection as required under section 6104 of the Internal Revenue Code by posting it on guidestar.org and other similar types of websites. In addition, Form 990 as well as the financial statements, and conflict of interest policy are available upon written request at 450 Clarkson Avenue, Box 65, Brooklyn, NY 11203...or by calling the organization directly at (718)-270-3176.
IRS990ScheduleO/GeneralExplanation/Explanation6The organization has a committee that assumes responsibility for oversight of the audit of its financial statements and selection of an independent accountant. This process did not change from the prior year.
IRS990ScheduleO/GeneralExplanation/Identifier0Form 990, Part VI, Section A, line 6
IRS990ScheduleO/GeneralExplanation/Identifier1Form 990, Part VI, Section A, line 7a
IRS990ScheduleO/GeneralExplanation/Identifier2Form 990, Part VI, Section B, line 11
IRS990ScheduleO/GeneralExplanation/Identifier3Form 990, Part VI, Section B, line 12
IRS990ScheduleO/GeneralExplanation/Identifier4Form 990, Part VI, Section C, line 19
IRS990ScheduleO/GeneralExplanation/Identifier5Form 990, Part XI, Line 2C
IRS990/ScheduleORequired01
IRS990/School00
IRS990/SignificantChange00
IRS990/SignificantNewProgramServices00
IRS990/StateLegalDomicile0NY
IRS990/StatesWhereCopyOfReturnIsFiled0NY
IRS990/TaxablePartyNotification00
IRS990/TaxExemptBonds00
IRS990/Terminated00
IRS990/TermOrPermanentEndowments00
IRS990/TheBooksAreInCareOf/AddressUS/AddressLine10450 Clarkson Avenue
IRS990/TheBooksAreInCareOf/AddressUS/City0Brooklyn
IRS990/TheBooksAreInCareOf/AddressUS/State0NY
IRS990/TheBooksAreInCareOf/AddressUS/ZIPCode011203
IRS990/TheBooksAreInCareOf/NameBusiness/BusinessNameLine10Sam KIel
IRS990/TheBooksAreInCareOf/TelephoneNumber07182704358
IRS990/TotalAssets/BOY0403354
IRS990/TotalAssetsBOY0403354
IRS990/TotalAssets/EOY0199875
IRS990/TotalAssetsEOY0199875
IRS990/TotalCompGT150K00
IRS990/TotalContributions0274355
IRS990/TotalExpensesCurrentYear01265946
IRS990/TotalExpensesPriorYear01324025
IRS990/TotalFunctionalExpenses/Fundraising00
IRS990/TotalFunctionalExpenses/ManagementAndGeneral0148763
IRS990/TotalFunctionalExpenses/ProgramServices01117183
IRS990/TotalFunctionalExpenses/Total01265946
IRS990/TotalFundrsngExpCurrentYear00
IRS990/TotalGrossUBI00
IRS990/TotalLiabilities/BOY02869785
IRS990/TotalLiabilitiesBOY02869785
IRS990/TotalLiabilities/EOY02786588
IRS990/TotalLiabilitiesEOY02786588
IRS990/TotalLiabNetAssetsFundBalances/BOY0403354
IRS990/TotalLiabNetAssetsFundBalances/EOY0199875
IRS990/TotalNbrEmployees00
IRS990/TotalNbrVolunteers00
IRS990/TotalNetAssetsFundBalances/BOY0-2466431
IRS990/TotalNetAssetsFundBalances/EOY0-2586713
IRS990/TotalOtherCompensation00
IRS990/TotalOtherRevenue012293
IRS990/TotalProfFundrsngExpCY00
IRS990/TotalProgramServiceExpense01117183
IRS990/TotalProgramServiceRevenue0859016
IRS990/TotalReportableCompFrmRltdOrgs00
IRS990/TotalReportableCompFromOrg00
IRS990/TotalRevenueCurrentYear01145664
IRS990/TotalRevenue/ExclusionAmount012293
IRS990/TotalRevenuePriorYear01381072
IRS990/TotalRevenue/RelatedOrExemptFunctionIncome0859016
IRS990/TotalRevenue/TotalRevenueColumn01145664
IRS990/TotalRevenue/UnrelatedBusinessRevenue00

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Filings

Displayed year

2010 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$199,875
Liabilities
$2,786,588
Net assets
-$2,586,713
Revenue
-
Expenses
$1,265,946
Net income
-
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$4.79$0.96$3.84$3.06$2.48$0.58
2023Detailed filing. Detailed filing data is available for this year.$4.03$0.77$3.26$2.71$2.12$0.60
2022Detailed filing. Detailed filing data is available for this year.$3.49$0.83$2.66$2.64$2.13$0.51
2021Detailed filing. Detailed filing data is available for this year.$3.15$1.00$2.16$2.27$1.96$0.31
2020Detailed filing. Detailed filing data is available for this year.$2.97$1.13$1.84$1.89$1.72$0.18
2019Detailed filing. Detailed filing data is available for this year.$2.53$0.87$1.67$2.53$1.81$0.72
2018Detailed filing. Detailed filing data is available for this year.$1.75$0.81$0.95$2.86$1.67$1.19
2017Detailed filing. Detailed filing data is available for this year.$1.04$1.28$0.24$1.75$1.68$0.07
2016Detailed filing. Detailed filing data is available for this year.$0.63$0.94$0.31$2.56$1.26$1.30
2015Detailed filing. Detailed filing data is available for this year.$0.33$1.93$1.60$0.72$1.13$0.40
2014Detailed filing. Detailed filing data is available for this year.$0.29$1.49$1.20$2.56$1.07$1.49
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.31$2.99$2.69$1.01$1.04$0.03
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.42$3.08$2.65$1.08
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.18$2.92$2.73$1.24
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.20$2.79$2.59$1.27